Kapital Care Trust & Securities

Kapital Care Trust & Securities Limited is a Nigerian stockbroking and investment services firm headquartered in Lagos. The company operates primarily as a securities broker, facilitating trading on the Nigerian Exchange (NGX) for individual and institutional clients. While our records show a registration date of 1 November 2019, the broker's own website claims incorporation on 1 June 2005. This discrepancy may indicate a restructuring or rebranding, but the firm presents itself as having been active since 2005.

According to its website, the broker obtained stockbroking licenses from the Nigerian Exchange and the Securities and Exchange Commission (SEC) in 2005–2006. However, FXCanary has not independently verified these claims through official regulatory databases, and no regulators for retail forex or CFD activities are on file.

Kapital Care Trust & Securities does not hold any forex or CFD regulatory licences from major financial authorities. The company states it is licensed by the Nigerian Exchange and registered with the Securities and Exchange Commission of Nigeria, but these are not forex broker regulators. As a stockbroker, it operates under Nigerian capital market regulations, which differ from the oversight of retail leveraged trading.

Our research found no evidence of the broker being regulated by bodies such as the FCA, CySEC, ASIC, or any other jurisdiction outside Nigeria. Traders seeking protection under established investor compensation schemes may find limited recourse. FXCanary's Scam Risk Score of 48/100 reflects this regulatory uncertainty.

Kapital Care Trust & Securities focuses exclusively on equities and related investment services. Its offerings include stockbroking, share certificate dematerialisation, dividend management, and investor advisory. The broker does not offer leveraged forex, CFDs, commodities, or cryptocurrency trading. This positions it as a traditional securities broker rather than a retail forex broker.

The company provides an online trading platform branded 'E-Trade', through which clients can execute trades, monitor portfolios, and access market data. The platform appears to be a custom solution tailored to Nigerian Exchange securities.

The broker offers several account types: Individual, Joint, Corporate, Estate, and Minor accounts. Account opening is conducted online via a registration form requiring personal details, identification documents, and proof of address. Funding is done by depositing into the company's bank account, with details provided after registration.

There is no information on minimum deposit requirements, trading fees, or commissions. The broker does not appear to offer demo accounts or Islamic accounts. Given the focus on Nigerian equities, funding is likely in Nigerian Naira, though this is not explicitly stated.

The board of directors is led by Chairman Benjamin Baton Sabiyi, with Daniel Michael Katsit serving as Managing Director/CEO. The management team includes a Chief Finance Officer and a Chief Risk and Compliance Officer. This structure suggests a formal corporate governance framework, though independent verification of these individuals' backgrounds is limited.

The website provides profiles for leadership but does not detail their industry experience beyond role descriptions. For a broker claiming to serve government clients, this level of disclosure is minimal.

Kapital Care Trust & Securities has a documented complaints management procedure. Clients with concerns are instructed to contact the compliance officer by phone or submit a written complaint to the head office address. The broker lists multiple contact points, including offices in Lagos, Benin City, and Abuja.

The website includes a complaints page with a form and procedure, but there is no mention of a third-party dispute resolution scheme. As an unregulated broker in the forex context, clients may have limited external recourse if issues arise.

The broker's services appear tailored to Nigerian residents and companies. Its account opening forms request Nigerian citizenship options and a Nigerian address. The trading platform accesses the Nigerian Exchange, which may not be relevant to international traders.

Given the lack of forex/CFD offerings and regulatory oversight outside Nigeria, this broker is not suitable for traders seeking leveraged forex trading or those accustomed to EU/UK investor protection frameworks.