If you’re thinking about investing in the Nigerian stock market, choosing the right stockbroker is key. The top 10 stock brokers in Nigeria for 2025 stand out for their excellent service and performance, offering everything from solid trading platforms to top-notch customer support.
Whether you’re new to investing or an experienced trader, these brokers have made a name for themselves with strong trading volumes and market impact.
1. Cardinalstone Securities Limited
At the top of the list, Cardinalstone Securities Limited is leading the way with an impressive ₦65.5 billion in transaction value in February 2025.
They made up 12.82% of the total market trades, with 1.7 billion shares traded. This makes them the go-to broker if you’re looking for reliability and volume.
2. APT Securities and Funds
Coming in second, APT Securities and Funds posted a trading value of ₦42.8 billion in February 2025, accounting for 8.39% of the market.
They facilitated 430.9 million shares, ranking ninth in trading volume. This broker is a solid choice if you’re after substantial market reach.
3. Coronation Securities Limited
Coronation Securities Limited took the third spot with ₦42.1 billion in transactions, making up 8.25% of the total market activity in February 2025.
They handled 1.4 billion shares, ranking second in volume. They’re definitely among the top stock brokers in Nigeria for those who prefer large-volume trades.
4. Meristem Stockbrokers Limited
With ₦33.5 billion in transactions, Meristem Stockbrokers Limited ranked fourth in February 2025, representing 6.56% of the market’s total trading value.
They also handled 1.1 billion shares, coming in third for trading volume. If you’re looking for a broker that combines a good balance of volume and value, this is a solid option.
5. Stanbic IBTC Stockbrokers Limited
Stanbic IBTC Stockbrokers Limited stands strong with a trading value of ₦31.2 billion in February 2025, which represents 6.11% of the total market value.
They also managed 853.6 million shares, ranking fifth for volume. Known for stability, they’re among the best stock brokers in Nigeria for those seeking reliable trading platforms.
6. FBN Quest Securities Limited
At number six, FBN Quest Securities Limited saw ₦15 billion in transactions, making up 2.95% of the total market activity.
They handled 568 million shares, ranking seventh in volume. If you’re just starting out and need a broker with a solid reputation, this one is worth considering.
7. Cordros Securities Limited
Cordros Securities Limited secured the seventh spot with ₦13.6 billion in trading value in February 2025. That accounted for 2.67% of the market’s total activity.
They also traded 462.3 million shares, putting them in eighth place for volume. They offer good service and are a well-regarded choice among the top stockbroking firms in Nigeria.
8. Apel Assets Limited
Apel Assets Limited followed closely with ₦13 billion in trades, which made up 2.55% of the total market volume.
They, too, handled 462.3 million shares, ranking eighth in volume. This broker stands out for its consistent services and is considered one of the top 10 best brokers in Nigeria for many investors.
9. Morgan Capital Securities Limited
With ₦12.7 billion in transaction value, Morgan Capital Securities Limited ranked ninth in February 2025, accounting for 2.49% of total market trades.
They also handled 977.1 million shares, placing them fourth in trading volume. If you’re focused on handling significant volume, Morgan Capital might be the right choice.
10. CSL Stockbrokers Limited
Finally, CSL Stockbrokers Limited rounded out the top 10 with ₦12.5 billion in transactions, representing 2.33% of the total market.
They also traded 609.9 million shares, ranking sixth in volume. They’re a reliable choice for traders who want consistent service with moderate fees.
Evaluating the Best Stock Brokers in Nigeria
When picking a broker, it’s essential to look at factors like trading fees, platform usability, customer support, and overall market performance.
The top stock brokers in Nigeria listed above provide a range of options, whether you’re looking for high-volume trades or a broker with great customer service.
Best Trading Platforms in Nigeria for 2025
The platform you use can make a big difference in your trading experience. Here are a few options that have proven popular in Nigeria for 2025:
MetaTrader 4 (MT4) & MetaTrader 5 (MT5)
These platforms are known for their ease of use and powerful features, like advanced charting tools and automated trading. Whether you’re a beginner or a pro, MT4 and MT5 are reliable platforms that can meet most traders’ needs.
cTrader
If you’re after a more advanced platform, cTrader offers Level II pricing, advanced charting, and algorithmic trading features. It’s an excellent option if you want precision in your trades.
NinjaTrader
Another powerful platform, NinjaTrader, offers in-depth market analysis tools and comprehensive charting. If you’re focused on market research and analysis, this could be the right fit.
Wrap-Up top 10 Stock brokers in Nigeria
The top 10 stock brokers in Nigeria for 2025 are leading the way with strong performance and reliable services.
Each of these brokers has earned its place by consistently handling substantial transaction volumes and providing solid customer support.
Depending on your needs—whether it’s high-volume trading or a more personalized experience—there’s a broker on this list that’s a great fit for your investment goals. Keep these brokers in mind as you plan your next move in the Nigerian stock market.
Article updated 4 weeks ago. Content is written and modified by multiple authors.
