TSG BROKERS LTD

GWG (Cyprus

Nigeria does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.

Last read2026-09-29

No local licensing here

Nigeria does not license retail forex brokers, so no broker holds a local licence here. That is how this market is built, not a sign of fraud.

Tier

Regulator · held by

Licence

Supervision

Compensation

1 comparable supervision

Cyprus Securities and Exchange CommissionTSG BROKERS LTDdomain you looked up · 2026-09-29

291/16

Full: capital requirements, client-money segregation, regular reporting.

A scheme exists, but it usually does not cover clients resident abroad.

Same brand, other companies

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GWG (Cyprus

Which company you actually sign with in Nigeria, and whose licence that is.

TSG BROKERS LTDthe company you looked up

Cyprus Securities and Exchange Commission · 291/16

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CY-CYSECCyprus Securities and Exchange Commission

248

2026-09-29

read

CY-ESMACyprus Securities and Exchange Commission (via ESMA register)

327

2026-09-29

read