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Greenwich Securities Review
Greenwich Securities is the stockbroking arm of Greenwich Merchant Bank in Lagos. It trades Nigerian shares, bonds, and treasury bills, not forex or CFDs.
Min Deposit
N/A
Spreads From
Not applicable, Greenwich Securities does not offer forex or CFD trading
Max Leverage
Not applicable
Platforms
N/A
Pros
- Backed by Greenwich Merchant Bank, which is licensed by the Central Bank
- Dealing member of the Nigerian Exchange, NASD OTC, and FMDQ markets
- Parent bank won an FMDQ Best Compliant Member award in 2025
- Bank credit rating was upgraded to A minus by Agusto and Co in 2025
Cons
- Not a forex or CFD broker, so no currency trading or leverage exists
- No specific CAC registration number found for the securities unit itself
- No published minimum deposit or fee schedule for retail accounts
- Mainly serves Nigeria only, with no international retail forex offer
Greenwich Securities Limited is a wholly owned subsidiary of Greenwich Merchant Bank. The wider group began as Greenwich Trust Limited, incorporated in 1992, and started operations in June 1994 as a financial adviser and issuing house registered with Nigeria's SEC.
The securities arm deals in shares, bonds, treasury bills, and other instruments on Nigeria's capital market. It is a dealing member of the Nigerian Exchange and the NASD OTC market, plus an associate member of FMDQ and a dealing member of the Lagos Commodities and Futures Exchange.
Greenwich Merchant Bank itself holds a Central Bank of Nigeria license and reported total assets of about 162 billion naira at the end of 2024. In 2025, Agusto and Co upgraded the bank credit rating to A minus, and FMDQ gave it a Best Compliant Member award. This is a stockbroker and bond dealer, not a forex or CFD platform.
Max Leverage
Not applicable
Spreads From
Not applicable, Greenwich Securities does not offer forex or CFD trading
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
- FMDQ
