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Meristem Securities Review
Meristem Securities is a Lagos financial group founded in 2003. Its Meristem Stockbrokers arm trades Nigerian shares and bonds, 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
Meritrade
Pros
- Registered with Nigeria's SEC as a Broker/Dealer, file number 1705
- Over two decades of history in Nigeria's financial markets since 2003
- Launched Meritrade in 2014, the first online NGX trading platform
- Backed by a wider group covering wealth management, trustees, and capital
Cons
- Not a forex or CFD broker, so no leverage or currency spread trading
- Built for Nigerian market access, not global currency speculation
- Public information on fees and minimum deposit is hard to find
Meristem Securities traces back to 2003, when Great Africa Securities Limited was set up as a spinoff from Great Africa Trust in Lagos, Nigeria. In 2005, the firm rebranded as Meristem Securities Limited.
Meristem has since grown into a group of seven subsidiaries, including Stockbrokers, Wealth Management, Registrars and Probate Services, Trustees, Capital, and Finance. The stockbroking arm, Meristem Stockbrokers Limited, is registered with Nigeria's SEC as a Broker/Dealer, file number 1705, and the wider group is also regulated by the Central Bank of Nigeria. In 2014, Meristem launched Meritrade, the first online trading platform in the history of the Nigerian Stock Exchange.
Meristem 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 here. It suits investors who want direct access to Nigerian shares and fixed income rather than 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)
- NGX (Nigerian Exchange Group)
