Brokers  /  Reward

Reward

Moderate risk
Nigeria · 5-10 years · since 2019-11-07 · Reward Investments and Services Ltd
This is a , 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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Independent ratingshow third parties score this broker
WikiFX1.57/10
Trustpilot/5
Forex Peace Army/5
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No sign that Reward 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.
45
Moderate risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • No verified regulatory license on file
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)5010%

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 nameReward Investments and Services Ltd
Headquarters Nigeria
Founded2019-11-07
Years operating5-10 years
Employees0
Official websiterewardinvestments.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
ELIZADE-TOYOTA Plaza, 322A, Ikorodu Road,Anthony Village,Maryland, Lagos .

Regulation & licenses · 0

No valid regulatory license found — high caution advised.

Review analysis AI

Reward is an unregulated Nigeria-based investment firm with a founded date of 2019. The lack of verified regulatory status and limited public information warrant a guarded risk score of 45/100. Potential clients should exercise extreme caution and verify all claims independently before engaging.

Best for
  • Investors seeking unregulated Nigerian investment opportunities
Not for
  • Traders requiring regulatory protection
  • Clients from jurisdictions with strict regulatory expectations
Period:

Real user reviews

Where Reward 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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About Reward

Overview

Reward, operating under the domain rewardinvestments.com, is a financial services entity registered in Nigeria. According to official records, the company was founded on 7 November 2019 and is based in Lagos at the address ELIZADE-TOYOTA Plaza, 322A, Ikorodu Road, Anthony Village, Maryland. The firm maintains a presence on social media platforms including Facebook, Instagram, and Twitter/X.

Our review of regulatory databases indicates that Reward does not hold any active licences from recognized financial regulators. This absence of oversight is a significant factor for potential clients to consider, as it means the firm operates outside the framework of established investor protection schemes.

Company Background

Reward is registered as a private limited liability company in Nigeria. The exact nature of its business is not explicitly detailed in the available public records, but the firm's name and domain suggest a focus on investment services. The company's registered address places it within Lagos's commercial district.

The lack of independent user reviews or substantial third-party information makes it difficult to independently verify the firm's operational history. Our FXCanary Scam Risk Score of 45/100 (Guarded) reflects this information vacuum and the inherent risks of dealing with an unregulated entity.

Regulatory Status

Reward does not appear on the registers of any major financial regulatory body. This includes the Nigerian Securities and Exchange Commission (SEC), the Central Bank of Nigeria, or any international regulators such as the FCA or CySEC. The firm's website may make claims regarding regulation, but our trusted records do not corroborate these.

For traders, the absence of regulation means there is no external oversight of the firm's conduct. In the event of a dispute or financial loss, there is no independent ombudsman or compensation scheme to turn to. This places a higher burden of due diligence on the client before engaging with the company.

Products and Services

Based solely on the limited known facts, specific details about Reward's product offerings are unavailable. The firm does not publicly list any account types, trading platforms, or financial instruments in the records we have access to. Without verified information, it is not possible to describe the range of services accurately.

Potential clients are advised to seek direct clarification from the company regarding the services provided. However, given the regulatory gaps, any engagement should be approached with caution.

Conclusion

Reward presents as a minimally documented entity in the Nigerian financial space. The absence of regulatory oversight and the lack of independent reviews create a guarded risk profile. Traders and investors considering this firm should conduct thorough personal research and be aware that the standard protections of regulated markets do not apply.

Our assessment remains neutral due to the scarcity of verifiable information. The FXCanary Scam Risk Score of 45/100 is a cautionary indicator rather than a definitive judgment.

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