Is HFM regulated in Nigeria?
No licence from the Securities and Exchange Commission Nigeria among the 5 HFM entities we confirmed. HFM holds licences from CySEC (183/12), FCA (801701), FSCA (46632), FSA Seychelles (SD015) and CMA Kenya (155).
Facts checked 29 Oct 2026 on HFM's own site and the regulators' registers. Information only, not advice.
The licence check, in one table
- Local regulator
- Securities and Exchange Commission Nigeria
- Licence valid in Nigeria
- None among the entities we confirmed
- Company that serves you
- Not published; the international site is run by the HF Markets Group
- HFM's licences
- CySEC 183/12FCA 801701FSCA 46632FSA Seychelles SD015CMA Kenya 155
- Local rules
- The SEC Nigeria says the Investments and Securities Act 2025 makes it an offence for an unregistered entity to run online forex trading platforms or related services.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.83% of retail CFD accounts lose money with HFM (its own figure). See the full HFM review and our Nigeria page.
3 brokers to check in Nigeria
From the brokers we review that are open to traders in Nigeria, then by TFB Score.
FP Markets reviewTFB Score 92/100
IG reviewTFB Score 92/100
Pepperstone reviewTFB Score 92/100
Frequently asked questions
Short answers, from the facts shown on this page.
Is HFM regulated in Nigeria?
No licence from the Securities and Exchange Commission Nigeria among the 5 HFM entities we confirmed. HFM holds licences from CySEC (183/12), FCA (801701), FSCA (46632), FSA Seychelles (SD015) and CMA Kenya (155).
Which regulator oversees forex brokers in Nigeria?
Securities and Exchange Commission Nigeria. The SEC Nigeria says the Investments and Securities Act 2025 makes it an offence for an unregistered entity to run online forex trading platforms or related services. You can check a firm on its register: https://sec.gov.ng.
Which HFM company would open my account in Nigeria?
Not published; the international site is run by the HF Markets Group.
Which brokers should I look at in Nigeria?
FP Markets, IG and Pepperstone, from the brokers we review that are open to traders in Nigeria, in order of licence and TFB Score.
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning