SEC Online Forex Broker Regulations

The Securities and Exchange Commission (SEC) of Nigeria has proposed new rules for online forex trading, mandating a minimum paid-up capital of N3 billion for Market Maker/Principal Operator models and N2 billion for Straight-Through Processing models, applicable to all entities

The Securities and Exchange Commission (SEC) proposed new regulations for online forex and CFD trading in Nigeria, including licensing requirements, penalties for non-compliance, and client protection measures, such as negative-balance protection and restrictions on advertising.

The Securities and Exchange Commission (SEC) proposed new rules for online forex trading, requiring a minimum capital of N3 billion for forex brokers and N5 billion for trading platforms, alongside a 30% local ownership requirement for licensed entities.