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DLM Securities Review
DLM Securities is a Lagos based broker dealer and NGX market maker, part of DLM Capital Group since 2009. It trades stocks and bonds, not retail forex.
Min Deposit
N/A
Spreads From
Not applicable, this is a stockbroking and market making firm, not a forex broker
Max Leverage
Not applicable
Platforms
DLM E-Trade
Pros
- Licensed by Nigeria's SEC as a broker dealer and by NGX as a market maker
- Also a registered dealer for Nigerian government FGN retail bonds
- Part of DLM Capital Group, active in Nigeria's markets since 2009
- Runs its own DLM E Trade app for buying NGX shares online
Cons
- Not a forex or CFD broker in the retail sense, it focuses on NGX securities
- No published spread, leverage, or standard minimum deposit figures
- Describes itself as the first development investment bank in the world, unverified
- Trading hours run only from 10am to 2:30pm on weekdays, Lagos time
DLM Securities is the stockbroking arm of DLM Capital Group, a Lagos based financial group founded in 2009. The group describes itself as the first development investment bank in the world, a claim worth treating with caution since it is not independently confirmed.
DLM Securities is licensed by Nigeria's Securities and Exchange Commission as a broker dealer, and registered by the Nigerian Exchange as a market maker and broker dealer. It also acts as a dealer for the Debt Management Office on FGN retail bonds and belongs to the Nigeria Commodity Exchange.
Clients trade NGX equities, fixed income like treasury bills and Eurobonds, and portfolios for high net worth and institutional investors, through the DLM E Trade platform. This is not a forex or CFD broker, so ideas like spreads or leverage do not apply. Trading hours only run weekday mornings into early afternoon.
Max Leverage
Not applicable
Spreads From
Not applicable, this is a stockbroking and market making firm, not a forex broker
Platforms
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
