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Cordros Securities Review

Forex BrokerNigeria

Cordros Securities is a Lagos stockbroker founded in 2006. It trades Nigerian shares and bonds through its Cordros Cape app, not retail leveraged forex.

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

Cordros Cape

Regulated by SEC (Nigeria)

CFDs are complex instruments with high risk of losing money. Retail accounts lose money trading CFDs.

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Pros & Cons

Pros

  • Registered with Nigeria's SEC as a Broker/Dealer, file number 1756
  • Over 17 years of operating history in Nigeria's financial markets
  • Runs its own mobile app, Cordros Cape, for web, iOS, and Android
  • Part of a wider group that also covers asset management and trustees

Cons

  • Not a forex or CFD broker, so no leverage or currency spread trading
  • Mainly useful for Nigerian market access, not global currency trading
  • Public information on fees and minimum deposit is hard to find
About Cordros Securities

Cordros Securities Limited is a stockbroking firm in Lagos, Nigeria, founded in 2006. It is part of the wider Cordros Capital group, which also runs asset management, insurance broking, trustee, and share registration businesses.

The firm is registered with Nigeria's SEC as a broker dealer, file number 1756, and is a member of the Nigerian Exchange (NGX). Clients trade shares and fixed income products like bonds through the Cordros Cape app, available on web, iOS, and Android.

Cordros Securities is not a forex or CFD broker. It has no leveraged currency trading platform, so figures like spreads and maximum leverage do not apply to it. It works better for people who want direct access to Nigerian stocks and bonds.

Key Facts

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

Cordros Cape
Regulation & Safety
SEC Nigeria (Nigeria) — File Number 1756 (Broker/Dealer)NGX (Nigerian Exchange) (Nigeria)
Frequently Asked Questions

NGX EquitiesFixed IncomeEurobonds
Quick Facts
Headquarters
Lagos, Nigeria

Regulators

SEC (Nigeria)NGX
Regulation
  • SEC (Nigeria)
  • NGX
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