Nigeria does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.
No local licensing here
DIFFERENT legal entities trade under one brand here, on different licences. The one you sign with decides which rung you are on: the protection differs, and the licence the brand advertises on its site may not be the one you get.
Each block below is one claim with the register it came from and the day we read it. Where we hold nothing, it says so.
Entries we hold about this company: 2. Registers they came from: 2 — Cyprus Securities and Exchange Commission, Cyprus Securities and Exchange Commission (via ESMA register). Most recent reading: 2026-11-09. Everything on this page comes from those entries and from nothing else.
Every licence entry we hold for this company, as the register publishes it, with the day we read that register.
| Register | Status | Licence number | In force since | Registered as |
|---|---|---|---|---|
| Cyprus Securities and Exchange Commission | Authorised | 362/18 | 25/06/2018 | Cyprus Investment Firm |
| Cyprus Securities and Exchange Commission (via ESMA register) | Authorised | 549300O8CKXT0AKIWS77 | 25/06/2018 | MiFID investment firm |
Where the licence was issued decides what stands behind it, and we print the regulator's class rather than a score. Cyprus Securities and Exchange Commission — class: comparable supervision. Supervision: Full: capital requirements, client-money segregation, regular reporting. Compensation: A scheme exists, but it usually does not cover clients resident abroad.
| What this licence class carries | What the register implies |
|---|---|
| Supervision | Full: capital requirements, client-money segregation, regular reporting. |
| Compensation | A scheme exists, but it usually does not cover clients resident abroad. |
Legal name as the register holds it: IC MARKETS (EU) LTD. Websites a register ties to it: ic.com, icmarkets.eu.
Companies in our data trading under this brand: 2 — IC MARKETS (EU) LTD, Raw Trading Ltd. Which of them you sign with decides whose licence stands behind your money: the licence a website advertises is often held by a different company of the same group.
Public warning lists we read: 3 — Polish Financial Supervision Authority, Agency for Regulation and Development of the Financial Market, Securities and Exchange Commission of Pakistan. Entries we hold from them: 1422. Last reading: 2026-11-09. This company is not named in any of them. That is not a clean bill of health: it means no supervisor we read has published a notice about it.
Search the register yourself at www.cysec.gov.cy for IC MARKETS (EU) LTD — the legal name, not the brand. A register files the company; a website advertises the name. Where the two differ, this page prints both so you can find the entry we are quoting.
Which company you actually sign with in Nigeria, and whose licence that is.