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RAML

Moderate riskStockbroker
Nigeria · 5-10 years · since 2019-11-07 · Regency Assets Mangement 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
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No sign that RAML 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 nameRegency Assets Mangement Limited
Headquarters Nigeria
Founded2019-11-07
Years operating5-10 years
Employees0
Official websiteregencyngonline.net
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
63, Norman Williams Street, Off Awolowo Road, S. W. Ikoyi, Lagos

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

RAML is a Nigerian stockbroker with a guarded risk score of 48/100 from FXCanary. The broker claims SEC and NGX regulation, but these are not verified in our independent records, introducing uncertainty. Traders are advised to directly confirm the firm's regulatory status with the SEC Nigeria and NGX before engaging. Its focus is purely on Nigerian capital markets, not retail leveraged forex or CFDs, so it is unsuitable for traders seeking those services.

Best for
  • Nigerian equities and fixed income investors
  • Clients seeking a local broker/dealer with SEC and NGX affiliation
  • Investors interested in the Nigerian Exchange (NGX) and NASD OTC markets
Not for
  • Retail forex and CFD traders
  • Investors seeking international multi-asset platforms
  • Traders who require regulatory coverage from major forex jurisdictions
Period:

Real user reviews

Where RAML 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 RAML says about itself as stated by the broker · not independently verified by FXCanary

Company Overview

Regency Assets Management Limited (RAML) states on its website that it is a financial services firm licensed by the Securities and Exchange Commission (SEC) and the Nigerian Stock Exchange as a Broker/Dealer. It claims to be an active Trading License Holder of the Nigerian Exchange Limited (NGX) and the NASD OTC market. The firm reports shareholders' funds in excess of N827 million, above the N300 million minimum required by the SEC, and highlights a team of professionals sharing core values of professionalism, integrity, passion and excellence.

Products and Services

According to its website, RAML offers a range of financial solutions including brokerage services, wealth management, fixed income notes, portfolio management, and securities dealing. The brokerage services cover ordinary shares, government bonds, corporate debt, treasury bills and certificates, and NASD-OTC trades. The firm also provides financial advisory services such as broker to issues, debt conversion to equity, corporate bonds, and feasibility reports.

E-Trading Portal

RAML promotes its 'RAML E-Trade' platform as a 24/7 online trading portal. The broker claims users can place orders from home, office or on-the-go via a web interface. The steps to trade are described as simple: click 'Start Trading', enter username and password, login, change password on first entry, and then trade. The platform is said to be faster and more reliable for buying and selling equities.

Management Team

The broker's website introduces its Managing Director, Omowaye Gabriel Olusegun, described as a Chartered Stockbroker with 29 years of experience. He holds a B.Sc. from Obafemi Awolowo University and an MBA from the University of Ado-Ekiti. Prior to joining RAML in 2005, he worked at FIS Securities Limited, General Securities & Investment Limited, and Forte Financial and Asset Management Limited, bringing over 26 years of experience in corporate finance, asset/portfolio management, securities trading and investment analysis.

Client Services and Forms

RAML provides downloadable forms for various client services, including FGN bond subscription, direct settlement, corporate and individual account opening, purchase orders, e-dividend registration with multiple registrars, and dematerialization forms. The site also hosts a brokerage account agreement with terms and conditions, which covers mandate execution via the online portal or email, and includes an indemnity clause protecting RAML against losses or damages arising from client instructions.

About RAML

Overview

Regency Assets Management Limited (RAML) is a Nigerian financial services firm operating out of Lagos. Founded in November 2019, the company provides brokerage and investment services primarily focused on the Nigerian equities and fixed income markets. Its registered address is located at 63, Norman Williams Street, Off Awolowo Road, S.

W. Ikoyi, Lagos. RAML presents itself as a broker/dealer, targeting both individual and institutional investors seeking access to the Nigerian Exchange (NGX) and the NASD OTC market.

Regulation

According to its official website, RAML is licensed by the Securities and Exchange Commission (SEC) of Nigeria and is a Trading License Holder of NGX Ltd and a Dealing Member of NASD. However, FXCanary's independent records do not list these regulatory authorizations. Traders should verify any claims of regulation directly with the SEC Nigeria and NGX. The absence of regulatory details in our database reflects the broker's limited transparency regarding its licensing status.

Products and Services

RAML offers a suite of financial services tailored to the Nigerian market. Its core brokerage services handle execution of mandates for ordinary shares, government bonds, corporate debt, treasury bills, and NASD-OTC trades. Additionally, the firm provides wealth management, portfolio management, fixed income notes, and investment advisory services. For corporate clients, RAML offers financial advisory including broker to issues, debt conversion to equity, and feasibility reports.

Trading Platform

The broker promotes its proprietary RAML E-Trade portal, a web-based platform that allows clients to trade equities and other securities online. The platform is marketed as offering 24/7 access, real-time market updates, and portfolio management tools. RAML also mentions a mobile app for on-the-go trading, though details on supported operating systems are not provided. The e-trading portal is designed for clients who prefer remote trading over traditional phone or branch-based orders.

Account Types and Funding

RAML does not explicitly list account tiers on its website, but provides downloadable account opening forms for both individuals and corporations. These forms are available for direct download from the client services section. Funding methods are not detailed, but the broker likely accepts bank transfers and possibly deposits through Nigerian clearing systems. The minimum investment amount is not disclosed; however, the account opening process implies a KYC (Know Your Customer) procedure as part of online registration.

Target Audience

RAML positions itself as a service provider for a broad range of clients, including retail investors, high-net-worth individuals, and institutional entities such as pension funds and corporations. Its suite of services—from basic brokerage to wealth management and corporate advisory—indicates an aim to serve both small and large investors in Nigeria. The broker's focus on the Nigerian capital markets suggests it is particularly suited for investors interested in local equities, bonds, and treasury instruments, rather than international forex or CFD trading.

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