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ARM Securities Review
ARM Securities is a Lagos based stockbroker for Nigerian shares and bonds. It is not a forex or CFD broker, so leverage and spreads do not apply here.
Min Deposit
N/A
Spreads From
Not applicable, this is a stockbroker, not a forex or CFD broker
Max Leverage
Not applicable, this is a stockbroker, not a forex or CFD broker
Platforms
ArmStockTrade
Pros
- Registered with Nigeria's SEC as a Broker/Dealer, file number 487
- Traces back to 1994 as Hamilton Hammer and Co, not a brand new firm
- Backed by the wider ARM financial group, not a standalone startup
- Offers a real online account through ArmStockTrade for retail investors
Cons
- Not a forex or CFD broker, so no leverage or currency spread trading
- Focused on Nigerian markets, limited use for global currency traders
- Public information on fees and minimum account size is hard to find
ARM Securities Limited is a stockbroking firm in Lagos, Nigeria. It began life as Hamilton Hammer and Co. The wider ARM group, Asset and Resource Management, bought the firm in 2008 and gave it its current name.
The firm helps clients buy and sell shares on the Nigerian Exchange, plus treasury bills and government savings bonds. It is registered with Nigeria's SEC as a Broker/Dealer, file number 487, and holds Corporate Affairs Commission number 125242. It also runs an online platform, ArmStockTrade, so retail investors can open an account without visiting a branch.
ARM Securities does not offer forex or CFD trading with leverage, so figures like spreads or maximum leverage do not apply to it. It mainly serves investors who want direct access to Nigerian company shares and government debt, not short term currency speculation.
Max Leverage
Not applicable, this is a stockbroker, not a forex or CFD broker
Spreads From
Not applicable, this is a stockbroker, not a forex or CFD broker
Platforms
Regulators
- SEC (Nigeria)
- CBN
- NGX
