Stock brokers are the link between the market and customers looking to trade. The Nigerian stock exchange market remains one of the largest in Africa, therefore hosts hundreds of licensed brokers. At the time of this writing, here’s a complete list of licensed stock brokers in Nigeria:
- Adonai Stockbrokers Limited
- Afrinvest West Africa (formerly Sectrust)
- Ail Securities Limited
- Alliance Capital Management Company Limited
- Amyn Investments Limited
- Anchoria Investment and Securities Limited
- APT Securities & Funds Limited
- Securities Solutions Limited
- Security Swaps Limited
- Shalom Investment & Securities Transactions Limited
- Signet Investments & Securities Limited
- Solid-Rock Securities & Investment Limited
- Springboard Trust & Investment Limited
- Stanwal Securities Limited
- Strategy & Arbitrage Limited
- Summa Guaranty & Trust Co. Plc
- Summit Finance Company Limited
- Tiddo Securities Limited
- ARM Assets and Resources Management Ltd
- Belfry Investment and Securities Limited
- Bestworth Assets & Trust Limited
- BGL Securities Limited
- Calyx Securities Limited
- Camry Securities Limited
- Capital Express Securities Limited
- Options Securities Limited
- Capital Assets Limited
- Pivot Trust and Investment Company Limited
- Capital Bancorp Limited
- Prominent Securities Limited
- Capital Trust Brokers Limited
- Cashcraft Asset Management Limited
- Partnership Investment Company Limited
- Pilot Securities Limited (Pilot Finance)
- PIPC Securities Limited
- Professional Stockbrokers Limited
- Profund Securities Limited
- PSI Securities Limited
- Reward Investments and Services Limited
- Rostrum Investment & Securities Limited
- SanTrust Securities Ltd
- Cashville Investment & Securities Limited
- Empire Securities Limited
- ESL Securities Limited
- Eurocomm Securities Limited
- F & C Securities Limited
- FSDH Securities Limited (previously Counters Trust)
- Falcon Securities Limited
- Fidelity Union Securities Limited
- First Stockbrokers Limited
- FIS Securities Limited
- Fittco Securities Limited
- Foresight Securities & Investment Limited
- Forte Asset Management Limited
- Forthright Securities & Investments Limited
- Century Securities Limited
- City-Code Trust Limited
- Clearview Investment Company Limited
- Consolidated Investments Limited
- Core Trust and Investment Limited
- Crossworld Securities Limited
- CSL Stockbrokers Limited
- Davandy Finance & Securities Limited
- De-Canon Investment Limited
- Delords Securities Limited
- Denham Management Limited
- Dependable Securities Limited
- Dominion Trust Limited
- Dynamic Portfolio Limited
- Independent Securities Limited
- Intercontinental Securities Limited
- International Standard Securities Limited
- LB Securities Limited
- Lead Capital Limited
- Lighthouse Asset Management Limited
- Magnartis Finance and Investment Limited
- Maninvest Asset Management Limited
- Marina Securities Limited
- Maxifund Investments & Securities Limited
- Mayfield Investments Limited
- MBC Securities Limited
- Mega Equities Limited
- Meristem Securities Limited (formerly Great Africa Securities)
- Mission Securities Limited
- Mountain Investments and Securities Ltd
- Mutual Alliance Investments and Securities Limited
- Newdevco Finance Services Co. Limited
- Nigerian Stockbrokers Limited
- Omas Investments & Trust Company Limited
- Fountain Securities Limited
- Future View Securities Limited
- Greenwich Trust Limited
- GTI Capital Limited
- Heartbeat Investments Limited
- Horizon Stockbrokers Limited
- IBTC Asset Management Limited
- ICMG Securities Limited
- Icon Stockbrokers Limited
Which is the best stock broker in Nigeria?
Firstly, for you to consider any stock broker to trade through, they must be licensed. Trading through unlicensed stock brokers comes with numerous risks and could even turn out to be a scam. On the other hand, licensed stock brokers are legit, although they have different pros and cons to working with. In the end, the best boils down to your choice, and what exactly you are looking for. There is no single “best” per say.
Conclusion
Stock brokers play a vital role as the middlemen between the market and traders. It is important to know the licensed stock brokers in Nigeria, so as not to fall victim to fraud. Before trading with a broker, ensure the company appears on the list above.
