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CardinalStone Securities Review
CardinalStone Securities is a Lagos stockbroker founded in 2008. It trades Nigerian shares and bonds, and is not built for retail leveraged forex trading.
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
N/A
Pros
- Registered with Nigeria's SEC as a Broker/Dealer, file number 1541
- Full dealing member of the Nigerian Exchange since founding in 2008
- Also a member of the FMDQ and NASD OTC exchanges, not just the NGX
- Part of the wider CardinalStone investment group, not a standalone shop
Cons
- Not a retail leveraged forex or CFD broker despite currency access
- Built more for investment clients than everyday retail speculation
- Public information on fees and minimum deposit is hard to find
CardinalStone Securities Limited started in 2008 in Lagos, Nigeria. It is a wholly owned subsidiary of CardinalStone Partners Limited, a wider investment group that also runs asset management and share registration businesses.
The firm is registered with Nigeria's SEC as a broker dealer, file number 1541, and is a full dealing member of the Nigerian Exchange. It also holds membership with the FMDQ OTC Securities Exchange and the NASD OTC Securities Exchange. It trades equities, fixed income, and international currency products for local and international clients.
CardinalStone Securities is not a retail leveraged forex or CFD broker. Its currency access supports investment clients rather than offering margin trading, so typical broker figures like spreads and leverage do not apply here.
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
Regulators
- SEC (Nigeria)
- NSE (Nigerian Stock Exchange)
- FMDQ
