Pricing
Fair, simple, fully itemized.
One brokerage commission. Every regulator fee passed through at cost. Every naira accounted for on the confirmation screen, before you commit.
STANDARD PLAN
0.75%per trade, capped at ₦2,000,000 consideration
Applied to the notional value of every buy or sell (the "consideration"). Regulator fees stack on top at their prescribed rates. See the full breakdown below.
Full fee breakdown
Rates below are the current published rates; regulator fees change when NGX / SEC issue new circulars. ETICO passes those through at the effective rate and displays the exact charge on every confirmation screen.
ITEM
RATE
APPLIES TO
GOES TO
Brokerage commission
0.75%
of consideration
ETICO
NGX transaction fee
0.30%
of consideration
NGX
CSCS transaction fee
0.30%
of consideration
CSCS
SEC transaction fee
0.30%
of consideration
SEC
Stamp duty (buy only)
0.075%
of consideration
FIRS
VAT
7.5%
on brokerage + regulator fees
FIRS
Regulator rates rounded for readability. The confirmation screen shows the exact naira amounts fetched from your broker's validation endpoint.
Worked example
Buying 100 shares of a stock at ₦500 (consideration = ₦50,000):
Consideration (100 × ₦500)₦50,000.00
Brokerage commission (0.75%)₦375.00
NGX fee (0.30%)₦150.00
CSCS fee (0.30%)₦150.00
SEC fee (0.30%)₦150.00
Stamp duty (0.075%)₦37.50
VAT (7.5% on brokerage + fees)₦74.03
Total due (buy)₦50,936.53
What you don't pay
Account opening fees
Monthly maintenance fees
Wallet funding fees
Withdrawal fees (bank transfer, standard hours)
Inactivity or dormancy fees
Real-time data fees
Still comparing brokers?
Open an ETICO account first, it's free. You only ever pay a fee when you actually place a trade.