Terms for using NairaDesk
What this site is, how it is paid for, and what it does not promise.
Updated Oct 2026 · how we rate brokers
The limits of what is checked
Registers change daily, brokers change their terms, and a page is a snapshot of the day it was written. We put a date on everything we publish and state where it came from, so you can check it at the source, which is the only version that is current.
No warranty is made that the site is complete, without errors or uninterrupted. Where a figure matters to a decision about money, check it against the SEC Nigeria register or the broker's own documents before you act on it.
| What | How it ages | What to do |
|---|---|---|
| The SEC Nigeria register extract | Changes whenever the regulator updates it | Re-read it at sec.gov.ng before you deposit |
| A broker's terms and fees | Change without notice | The broker's own documents are the current version |
| Session hours | Shift by an hour when London and New York change clocks | The page says which period it shows |
| USD/NGN | Moves every trading day | Indicative only; your broker converts at its own rate |
The site is a snapshot dated on the page. Where a figure decides something about money, check it at the source.
What you can lose
Leveraged forex and CFD trading can lose you more than a small share of your deposit, quickly. Most retail accounts lose money. A licence means a firm is supervised; it does not mean your money is safe from trading losses, and no page on this site should be read as suggesting otherwise.
Whether a position goes against you is a different question from supervision and from solvency. A SEC Nigeria licence speaks to how a firm must hold client money, report and handle complaints; it says nothing about the market. What decides how long a position survives is the arithmetic below, which is the same at every broker: leverage sets the margin, and the margin sets the size of the move that takes it.
Where the line runs
- General information about how licensing and trading work
- That is what this site publishes
- A recommendation of a broker, a pair or a position size
- Not here, and not by mail
- Anything adjusted to your income, debts or tolerance for loss
- We do not know them and never ask
- Advice as the SEC Nigeria defines it
- A regulated activity; we are not licensed for it
If you want advice, take it from someone the SEC Nigeria authorises to give it.
Sites beyond this one
We link to regulators, exchanges, central banks and brokers. We have no control over those sites and take no responsibility for their content; a link does not amount to an endorsement, particularly where it points to a warning about a firm.
The links that matter most here are the ones to the SEC Nigeria register and to a broker's own terms, because those are the documents that decide the question, and ours is only a reading of them. The source prevails over this site in the event of a discrepancy, and we would appreciate being told about it.
| Step | What happens | When |
|---|---|---|
| 1 · You write | The page address and what the correct value is | Any time |
| 2 · We check it | Against the public source you name, not against our own page | Same week |
| 3 · The page changes | The figure is replaced and the page says it was corrected | With the date on it |
A number is never quietly edited to leave the page looking as though it always said that.
Copying and quoting
Read it, print it, quote it with a link back. Do not republish whole pages as your own, and do not scrape the site to rebuild it elsewhere. Belonging to nobody, the register extracts are drawn from public records; the surrounding writing is ours.
Questions about reuse, and anything else about these terms: contact@nairadeskng.com.
| Mechanism | Used here | What that means |
|---|---|---|
| Cookies | No | Nothing is set, first or third party |
| Local and session storage | No | Nothing is written to your browser |
| Analytics of ours | No | No script, no pixel, no tag manager |
| Accounts or logins | No | There is no database with your name in it |
| Newsletter or forms | No | Nothing to subscribe to |
| Fingerprinting | No | No device or canvas identification |
Check it yourself: developer tools, the storage tab and the network tab, on any page here.
The purpose of these pages
Everything on NairaDesk is general information about how forex trading and broker licensing work in Nigeria. No financial advice, recommendation or offer is given. Your income, your obligations and your tolerance for loss are unknown to us, and nothing here is adjusted to them.
Giving investment advice in Nigeria is a regulated activity. We are not licensed for it and do not carry it on. If you want advice, take it from someone the SEC Nigeria authorises to give it.
| Party | What it sees | Why it is there |
|---|---|---|
| Cloudflare Pages | The request, your IP and browser string, in its own logs | It serves the files |
| api.gold-api.com | The request your browser makes for a price | A live quote on the page |
| api.binance.com | The request your browser makes for a price | A live quote on the page |
| api.twelvedata.com | The request your browser makes for a price | A live quote on the page |
| api.coinbase.com | The request your browser makes for a price | A live quote on the page |
| The broker, after you follow a partner link | Whatever its own site collects, under its own policy | You left this site |
None of it passes through us, and we build no profile from any of it.
How these pages are funded
Some outbound links to brokers are partner links: if you open an account through one, we may be paid by the broker. You pay no extra charge, and the payment makes no difference on this site. The register extract is copied from the regulator, and no firm can pay to appear in it, to be removed from it or to have its status described differently.
A label that names the destination sits in front of each partner link, which the markup marks as sponsored. We neither sell editorial placement nor rank brokers.
| What it is | How it is marked | Who pays |
|---|---|---|
| A partner link to a broker | Marked sponsored, behind a label saying where it goes | The broker may pay us if you open an account |
| The register extract | Copied from the regulator | Nobody can pay to be in it, out of it, or described differently |
| Everything else on the page | Not for sale | No editorial placement, no paid ranking |
You pay nothing extra for using a partner link, and the payment changes nothing on the page.