Minimum withdrawal, fees and limits of trading apps in Nigeria
IQ Option's minimum withdrawal is $2; Stockity, Pocket Option, Quotex, Olymp Trade and ExpertOption ask for $10. A fee depends on a condition: how many times you withdraw, whether you traded, or whether it is an international bank withdrawal. Stockity publishes a limit for the day, the week and the month.
- IQ Option, minimum
- $2
- Quotex, fee
- 3% from 3rd a day
- Stockity, limit
- $3,000 a day, $10,000 a week, $40,000 a month
Minimum, fee and limit by app
| App | SEC Nigeria register | Minimum | Fee | Limit |
|---|---|---|---|---|
| StockitySponsored Site partner | Not listed in the SEC Nigeria register | $10 or the equivalent | None; 10% without trading | $3,000 a day, $10,000 a week, $40,000 a month |
| Deriv | Not listed in the SEC Nigeria register | By method | None; method may charge | P2P: USD 10,000 a day |
| Exness | Not listed in the SEC Nigeria register | Not checked yet | No Exness fee | Not checked yet |
| ExpertOption | Not listed in the SEC Nigeria register | $10 | Up to 20%; $50 a month if dormant | None published |
| FBS | Not listed in the SEC Nigeria register | Not checked yet | Not checked yet | Not checked yet |
| FXTM | Not listed in the SEC Nigeria register | Not checked yet | 3% without trading | Not checked yet |
| HFM (HF Markets) | Not listed in the SEC Nigeria register | $5 to $100 | None; banks may charge | None published |
| IC Markets | Not listed in the SEC Nigeria register | Not checked yet | None; banks may charge | Not checked yet |
| IQ Option | Not listed in the SEC Nigeria register | $2 | 2% from 2nd a month; 5% expedited | None published |
| JustMarkets | Not listed in the SEC Nigeria register | Not checked yet | None; some systems charge | Not checked yet |
| Octa | Not listed in the SEC Nigeria register | ₦7,000 | None | None published |
| Olymp Trade | Not listed in the SEC Nigeria register | $10 or the equivalent | None on most; up to 20% after a check | None published |
| Pepperstone | Not listed in the SEC Nigeria register | Not checked yet | $20 intl bank; others free | Not checked yet |
| Pocket Option | Not listed in the SEC Nigeria register SEC alert 21 Jul 2025 | $10 | 0% (NGN methods) | None published |
| Quotex | Not listed in the SEC Nigeria register | $10; crypto from $50 | 3% from 3rd a day | None published |
Stockity is in the first row as our site partner; the other apps follow alphabetically. Values checked on 26 Oct 2026.
When a fee applies
How many times you withdraw
Quotex charges 3% on each withdrawal from the third one in a day. IQ Option charges 2% from the second withdrawal in a calendar month; 5% for an expedited withdrawal. On these two apps one larger withdrawal costs less than several small ones.
Withdrawing without trading
At Stockity: Normally no fee; 10% possible if funds are withdrawn without trading. FXTM charges 3% if no trade since the last deposit. At Olymp Trade: No fee on most withdrawals; up to 20% can be deducted after a non-trading transaction check.
International bank withdrawal
Pepperstone charges $20 for an international bank withdrawal; other methods free.
Deriv, HFM, IC Markets, JustMarkets and Octa publish no withdrawal fee of their own; Exness says it charges none, with a footnote on its page. Pocket Option shows 0% commission on the NGN methods listed. ExpertOption's terms allow a deduction from any withdrawal, with no trading condition attached (Up to 20%; $50 a month if dormant). A "no fee" line covers only the app's own fee; banks and payment providers can still charge, as the Fee column shows for IC Markets and JustMarkets.
Limits
Stockity publishes a ceiling for the day, the week and the month, shown in its row above, and adds that these may differ slightly with some payment providers. Deriv publishes one cap, for Deriv P2P, which exchanges in local currency (P2P: USD 10,000 a day). The other apps in the Limit column publish none, so on those the minimum and the fee are the figures to check.
Small withdrawals
Before a small withdrawal, check two things: the app's minimum, and whether it counts your withdrawals. HFM, Quotex and Deriv set the minimum by method. HFM: $5 to $100. Quotex: $10; crypto from $50. Octa's payment page gives ₦7,000, while an Octa guide from 2024 gives ₦3,000.
To see which apps pay out to a Nigerian bank or wallet, see withdrawing to a Nigerian bank or wallet.
Questions
What is the Stockity minimum withdrawal?
It is $10 / €10 or the equivalent in the account currency. Its other withdrawal terms are on the Stockity withdrawal page.
Next guide
Withdrawal pending, rejected or cutReceived less than you asked for, or still waiting? The causes each app names.