Accounts & headline costs
Sections ↑Stanbic IBTC Stockbrokers serves individual, corporate and foreign investors in Nigerian securities. Its offering includes NGX shares, ETFs, NASD OTC equities and a separate bond service. Clients can place self-directed orders through e-Trade web or mobile, while the securities account sits alongside a CSCS account.[2][4][13][5][1]
Account comparison01
Account and service routes at a glance
| Account / service | Customer and legal scope | Principal condition |
|---|---|---|
| Individual brokerage account | Nigerian equities and supported products | Opening includes a CSCS account and broker account.Source 5 |
| Corporate account | Company account supported by corporate and signatory documents | Authority and beneficial-owner evidence differ from individual opening.Source 6 |
| Non-resident individual | Foreign investor documentation and banking/inflow evidence | Notarised documents and Certificate of Capital Importation considerations apply.Source 5 |
| e-Trade access | Online/mobile self-directed channel | Online discount applies to the broker-fee component under the published schedule.Source 1 |
Pricing & charges02
Displayed e-Trade charges
| Item | Broker-published amount | Scope |
|---|---|---|
| Purchase | 1.1325% of consideration | Percentage shown on the e-Trade and equities pages.Source 1Source 2 |
| Sale | 1.4775% of consideration | Percentage shown on the same pages.Source 1Source 2 |
| CSCS alert | ₦4.30 per trade clip, including VAT | The broker lists this separately from the percentages.Source 1 |
| Online brokerage discount | 30% | Applies to the brokerage component for mobile/web execution.Source 1 |
| Platform setup | No setup charge displayed | The quoted trading charges still apply.Source 1 |
Products & investment scope
Sections ↑Specifications03
Products and ownership boundaries
| Product route | Published scope | Boundary |
|---|---|---|
| NGX equities | Nigerian listed shares | Liquidity, market hours and settlement rules apply.Source 2 |
| Exchange-traded funds | Supported NGX-listed ETFs | Fund expenses remain in addition to dealing charges.Source 3 |
| OTC equities | Supported unlisted/OTC equity route | The firm says OTC bonds and derivatives are not currently offered through this route.Source 4 |
| Bonds | Separate sovereign, state/local-government and corporate bond services | The OTC page’s unavailable OTC-bond category should not be read as the absence of all bond investing.Source 13Source 4 |
| Market-maker/institutional services | Broker-dealer and market-making capabilities | Eligibility and negotiated service terms apply.Source 8 |
Fees & holding costs
Sections ↑Percentage charges and a fixed per-clip alert fee are separate parts of the displayed pricing. The online discount applies to brokerage, so it should not be applied again to every amount on a contract note.[1]
Process04
Account opening documents
| Applicant | Published requirements | Account result |
|---|---|---|
| Individual | Opening form, accepted identification, signatory photograph and address evidence no older than three months | Broker and CSCS accounts; online access after opening.Source 5 |
| Non-resident individual | Notarised identification and address documents | Foreign inflows also use capital-import documentation.Source 5 |
| Corporate | Board resolution, incorporation and constitutional documents, directors/shareholders and signatory evidence | A corporate brokerage relationship plus a CSCS account.Source 6 |
Platforms, orders & execution
Sections ↑Platforms & products05
Platform and order controls
| Route / control | Published capability | Operational limit |
|---|---|---|
| e-Trade web | Online orders, live data and account functions | Internet availability and market rules apply.Source 1 |
| e-Trade mobile | Mobile order and portfolio route | The mobile app does not remove settlement or price risk.Source 1 |
| Broker-assisted service | Representative-supported orders and account service | Assisted pricing can differ from e-Trade.Source 7 |
For direct market access, the client chooses the trade parameters and the broker treats them as specific instructions. The published execution policy weighs price, cost, speed, order size and the likelihood of execution and settlement; it also prohibits aggregating a client mandate with another client’s mandate or the broker’s own trade.[17]
Funding, withdrawals & transfers
Sections ↑Process06
Funding, settlement and withdrawals
| Stage | Published route | Timing or condition |
|---|---|---|
| Fund from Stanbic IBTC Bank | Use the Super App’s My Bank payment route for the stockbroker | Enter the required brokerage details.Source 11 |
| Fund from other banks | e-Trade web: Manage Funds, then Add Funds, with the Zest payment route | Select the bank payment method offered.Source 11 |
| CSCS equity settlement | T+1 from 1 June 2026; SEC specifies 17:00 on the settlement day | The older T+3 wording in the broker FAQ has been superseded.Source 14Source 15 |
| Request a withdrawal | Web: Withdraw Funds; mobile Stocks module: Wallet, then Withdraw | A withdrawal request and market settlement are separate steps.Source 11 |
| Foreign inflow | The opening instructions provide for a Certificate of Capital Importation | Banking and repatriation documentation still applies.Source 5 |
Transfer terms07
Moving an existing portfolio
| Transfer type | Published treatment | Material consequence |
|---|---|---|
| CSCS account transfer-in | Movement of Nigerian securities through CSCS/broker process | Account details and ownership must match.Source 5Source 10 |
| Transfer-out | Current CSCS and broker forms/charges apply | Encumbered or unsupported positions can delay transfer.Source 10Source 7 |
| Change of broker mandate | CSCS holding relationship can be updated under market procedures | A mandate change is not the same as selling the position.Source 10 |
Direct Cash Settlement sends sale proceeds to the investor’s bank at settlement. The broker also describes a DCS election for clients who want proceeds retained for reinvestment. That destination choice does not change the SEC’s T+1 equity settlement cycle, and a separate withdrawal request may be needed for cash retained with the broker.[11][14]
Custody, regulation & client protection
Sections ↑Protections & eligibility08
Protection chain
| Layer | Published position | What it does not mean |
|---|---|---|
| Broker entity | Stanbic IBTC Stockbrokers Limited | The SEC operator record and account agreement define the relationship.Source 8Source 5 |
| Supervision | SEC Nigeria and NGX RegCo framework | Registration is not a guarantee against price loss.Source 8Source 9 |
| Custody/settlement | CSCS account and market infrastructure | Infrastructure is not the same as bank deposit insurance.Source 10Source 5 |
| Complaint and recovery | NGX RegCo and SEC processes can address eligible misconduct or claims | The route depends on facts, evidence and jurisdiction.Source 9Source 8 |
Support, complaints & security
Sections ↑Process09
Support and complaint handling
| Stage | Published route or target | Scope |
|---|---|---|
| Relationship Centre | +234 708 0602 700; Monday–Friday, 08:00–16:00 | Closed on weekends and public holidays.Source 7 |
| Submit a complaint | [email protected], the portal, a letter or an in-person/telephone report | The policy says there is no complaint fee.Source 16 |
| Acknowledgement | Within two working days for email/social channels; five working days for letters | Acknowledgement is distinct from resolution.Source 16 |
| Resolution | Within ten working days, or the competent authority’s applicable period | The policy provides for a holding response where this is not achievable.Source 16 |
| Unresolved SEC matter | The policy describes referral to the competent authority after the resolution period | Keep the complaint history and supporting documents.Source 16 |
A service channel is not automatically an emergency dealing desk. During an outage or disputed trade, use the published channel, preserve timestamps and order details, and confirm whether an instruction was accepted.[1]
Official support destinations
Stockbroking Relationship CentreTelephone
Stockbroking complaintsEmail
Stanbic IBTC Stockbrokers contact pageWebsite
https://www.stanbicibtcstockbrokers.com/nigeriastockbroking/stockbroking/conntact-usSource 7
Scope Official service and account contact routes.
SEC Nigeria registered-operator searchWebsite
https://www.sec.gov.ng/for-investors/find-a-registered-operator/Source 8
Scope Verify the legal operator and regulatory status.
Special services & tools
Sections ↑Reference table10
Distinctive services
| Service | Function | Condition |
|---|---|---|
| Live market data | e-Trade quote and market information | Data latency/entitlement and exchange conditions apply.Source 1 |
| Foreign investor service | Non-resident onboarding and capital-import documentation | Tax, banking and FX rules remain.Source 5 |
| Market making | Registered broker/dealer and market-maker activity | Institutional capability does not make every retail account eligible for all services.Source 8 |
The firm is the government stockbroker for retail Federal Government securities in the domestic debt market. Its research service includes market updates and company analysis; those materials support investment decisions but do not create a discretionary portfolio mandate.[12]
Company background
Sections ↑The facts11
Stanbic IBTC Stockbrokers at a glance
| Measure | Value | Context |
|---|---|---|
| Contracting entity | Stanbic IBTC Stockbrokers Limited | Source 12 |
| Primary jurisdiction | Nigeria | Source 8 |
| Headquarters | Stanbic IBTC Towers, Walter Carrington Crescent, Victoria Island, Lagos | Source 7 |
| Corporate registration | RC 85776 | Source 7 |
| Broker classification | Securities broker, dealer and market maker | Source 2Source 8 |
| Ownership | Wholly owned by Stanbic IBTC Holdings PLC; part of Standard Bank Group | Source 12 |
| Exchange dealing history | The company FAQ gives 24 June 1987 as its exchange dealing licence date. | Source 11 |
Reference table12
Company and service boundaries
| Issue | Published position |
|---|---|
| Product boundary | Nigerian securities brokerage spans NGX shares, NASD OTC equities and a separate bond service.Source 2Source 4 |
| Fee boundary | Displayed purchase/sale percentages sit alongside a separate per-clip alert charge; the public pages give no effective date.Source 1 |
| Protection boundary | SEC/NGX/CSCS roles do not guarantee market value or liquidity.Source 8Source 9Source 10 |
- Headquarters
- Lagos, Nigeria
Legal entities & licences
These are source-dated records, not a blanket assessment of the broker. Read each issuer, identifier, status and scope together.
Stanbic IBTC Stockbrokers Limited
NigeriaSource 1
No separate licence entry is recorded in this panel.
Sources & further reading
- e-Trade platform and charges Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Equities Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Exchange-traded funds Stanbic IBTC Stockbrokers · Accessed 16 Oct 2026
- Over-the-counter equities Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Individual account opening Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Corporate account opening Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Contact Stanbic IBTC Stockbrokers Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Registered operator search Securities and Exchange Commission Nigeria · Accessed 16 Oct 2026
- Investor recoveries and complaint protection NGX Regulation · Accessed 16 Oct 2026
- Central Securities Clearing System Central Securities Clearing System · Accessed 16 Oct 2026
- Stockbroking funding, withdrawals and account FAQ Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Company ownership and services Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Bond investment service Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Transition to T+1 settlement from 1 June 2026 Securities and Exchange Commission Nigeria · Accessed 29 Oct 2026
- August 2026 clarification of T+1 settlement Securities and Exchange Commission Nigeria · Accessed 29 Oct 2026
- Complaints management policy Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
- Best execution and direct market access policy Stanbic IBTC Stockbrokers · Accessed 29 Oct 2026
This profile reports dated public information, including broker-published services and terms. It does not independently test or guarantee execution, pricing or withdrawals. Inclusion is not an endorsement. Permissions and protections apply only to the named legal entity, service and client category; check the current official records and your contract.