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African Alliance Securities Review
African Alliance Securities is the stockbroking arm of a pan African investment group based in Johannesburg, not Lagos. It runs licensed units in several countries.
Min Deposit
N/A
Spreads From
Not applicable
Max Leverage
Not applicable
Platforms
N/A
Pros
- Part of a pan African investment group founded in 1992 by Antonio de Castro
- Runs its own licensed stockbroking units in five or more African countries
- Its Ghana unit has been a licensed dealing member of the GSE since 2009
- Serves institutional, government, and high net worth stockbroking clients
Cons
- Not a forex or CFD broker, so ideas like spreads or leverage do not apply
- Actually headquartered in Johannesburg, not Lagos as some sites claim
- No confirmed dedicated licensed unit was found for Nigeria specifically
- Public information on fees and account opening is limited and scattered
African Alliance Securities is the stockbroking division of the African Alliance Group, an investment banking group founded in 1992 by Antonio de Castro. Its head office sits in Melrose, a suburb of Johannesburg, South Africa, not in Lagos as some directories list it.
The group runs its own licensed securities units in several African markets, including Botswana, Ghana, Kenya, Rwanda, and Eswatini. Its Ghana unit joined the Ghana Stock Exchange as a licensed dealing member back in 2009. It mainly serves governments, institutional fund managers, corporates, and high net worth clients through stockbroking, research, and corporate finance work.
For Nigeria specifically, the group's own execution policy lists independent local brokers as its trading partners there, not a dedicated African Alliance subsidiary. This is not a forex or CFD broker, so ideas like spreads or leverage do not apply here. Always confirm which exact local entity and regulator applies before sending any funds.
Max Leverage
Not applicable
Spreads From
Not applicable
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
Regulators
- SEC (Nigeria)
- NGX
