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CTB

Moderate riskStockbroker
Nigeria · 5-10 years · since 2019-10-25 · Capital Trust Brokers Limited
This is a stockbroker, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
Unregulated
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—/5
★★★★★ ★★★★★
0 reviews ›
0
Licenses ›
0
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
48/100
Scam risk ›
0
Clone sites ›
▲ 0% positive▼ 0% negative
Independent ratingshow third parties score this broker
WikiFX1.57/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from CTB? Our free assistant writes up your case and shows exactly what to do next →
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No sign that CTB actively operates in your country (United States). If you were solicited from here, be extra cautious — it may be an unregulated approach or a clone.
48
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
  • No verifiable website or social-media presence
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing8535%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints012%
Offshore registration458%
Transparency (site/info/social)7810%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameCapital Trust Brokers Limited
Headquarters Nigeria
Founded2019-10-25
Years operating5-10 years
Employees0
Official websitectb-ng.com
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
6th Floor, St Peter's House, 3 Ajele Street Lagos, Nigeria.

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

CTB appears to be a legitimate Nigerian stockbroker serving local equities investors, but our regulatory records do not include its claimed SEC and NGX licences. The lack of independent user reviews and limited online presence means traders should verify regulatory status directly. The FXCanary Scam Risk Score of 48/100 (Guarded) reflects the absence of verified regulation in our database, not necessarily fraud.

Best for
  • Nigerian investors seeking local stock trading
  • Beginners wanting a simple equity account
  • Clients comfortable with web-based platform
Not for
  • Forex or CFD traders
  • International traders outside Nigeria
  • Traders requiring advanced platforms (MT4/5)
  • High-frequency or algorithmic traders
Period:

Real user reviews

Where CTB operates

Active across 1 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇳🇬 Nigeria

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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What CTB says about itself as stated by the broker · not independently verified by FXCanary

Company Overview and Vision

Capital Trust Brokers Limited (CTB) states on its website that it was incorporated as a private limited liability company on January 10, 1979, with RC No. 5599. The firm describes itself as an offshoot of CTB Stockbrokers (Nigeria) Limited, originally a fully owned subsidiary of C.T. Borrowing & Co. (Nigeria). According to the site, CTB’s vision is 'to be one of the most reputable stock broking firm and a leader in Capital Market,' and its mission is 'to be a top reference point in stock broking globally, delivering qualitative service and ensuring customers satisfaction at all times.'

Services and Offerings

The broker’s services page lists 'Securities Dealing' as its core activity, specifically 'Buying and selling of shares on behalf of clients on the floor of the Nigerian Stock Exchange.' CTB claims to offer advice to clients concerning stocks, dividends, bonus shares, and other related issues. The site does not mention forex, CFDs, or any leveraged trading products.

Account Opening and Documentation

CTB provides an online account opening form as well as downloadable PDF forms for individual and corporate accounts. The forms require personal KYC details, BVN, NIN, bank account information, and supporting documents such as a passport photograph, government ID, and proof of address. There is also a specific form for 'Direct Cash Settlement' and a Corporate KYC form. The site does not list multiple account tiers or minimum deposit requirements.

Regulatory Claims and Risk Disclosure

A risk disclosure document on the site states: 'Capital Trust Brokers Ltd is registered with the Securities and Exchange Commission and licensed by the Nigerian Exchange Limited (NGX) to carry on securities trading business.' The document warns that securities investments are highly speculative and may result in loss of entire investment. The client must assess risks before trading.

Contact and Trading Platform

CTB lists its address as 6th Floor, St Peter's House, 3 Ajele Street, Lagos, Nigeria, with email info@ctb-ng.com and phone numbers +234 0813 2715 018 and +234 09137471782. The broker provides a client portal called 'Folio® BackOffice' accessible at live.ctb-ng.com for customer account management. No downloadable trading platform (e.g., MetaTrader) is mentioned.

About CTB

Who Is CTB?

CTB, operating under the domain ctb-ng.com, is a Nigerian stockbroking firm based in Lagos. According to its website, the company traces its origins to 1979 under the name Capital Trust Brokers Limited, though our records show a registration date of 2019-10-25. This discrepancy may relate to a corporate restructuring or re-registration.

Our research indicates that CTB primarily serves clients interested in Nigerian equities and securities trading. The broker positions itself as a traditional stockbroker rather than a forex or CFD broker, focusing on the Nigerian capital market.

Regulation and Licensing

Our known facts indicate that no regulators are on file for CTB. However, the broker’s own documents claim registration with the Securities and Exchange Commission (SEC) of Nigeria and a trading licence from the Nigerian Exchange (NGX). These claims appear on the risk disclosure statement and account opening forms.

We have not independently verified these regulatory claims. Traders should exercise caution and directly confirm any licence with the SEC Nigeria or NGX before transacting. The absence of regulatory information in our records may simply reflect a gap in our database, but it warrants due diligence.

Account Types and How to Open an Account

CTB appears to offer a single standard account type for equities trading. The account opening process is conducted online through the website or via downloadable PDF forms. Required information includes personal details, BVN, NIN, bank account information, and supporting documents.

The broker does not promote different account tiers or deposit thresholds. This simplicity may appeal to first-time Nigerian investors, but it also means less flexibility for high-volume traders. There is no mention of demo accounts or Islamic accounts.

Trading Instruments and Platforms

CTB’s primary instrument is Nigerian stocks listed on the Nigerian Exchange. The broker does not offer forex, CFDs, commodities, indices, or cryptocurrencies. This narrow focus makes it unsuitable for traders seeking diversified global markets.

The trading platform is a web-based client portal called 'Folio® BackOffice' for account management, order placement, and portfolio tracking. There is no desktop application or mobile app mentioned, which may limit trading convenience.

Funding and Withdrawals

CTB does not explicitly publish funding or withdrawal methods on its website. However, the account opening form asks for bank account details, suggesting that deposits and withdrawals are handled via local bank transfers in Nigerian Naira (NGN).

No information is provided about processing times, fees, or minimum amounts. Traders should clarify these details directly with the broker before committing funds.

Who Is CTB For?

CTB is designed for Nigerian residents looking to invest in local equities. It may suit beginner investors who want to buy and sell shares on the Nigerian Exchange through a licensed broker.

The broker is not appropriate for forex traders, international clients, or anyone seeking leveraged products. Its limited instrument range and lack of global market access make it a niche player.

Overview compiled by FXCanary from regulatory records and public data. full CTB review