Corrections Policy

How we handle errors

If we publish a wrong number, a broken fact, or a misleading sentence, we correct it in the same article and add a dated note at the bottom of the page. The note says what was changed and when. We do not silently edit an article and pretend the mistake never happened.

A correction is not a punishment; it is part of being a useful desk. If you spot an error, email editor@lagosbullion.com with the page URL and the exact text. We will check the original source, and if we agree, the fix goes up with a note.

Changed conditions are not errors

If a broker changes its leverage cap, its withdrawal fee, or its funding methods after we check it, that is not an error on our part. Our article was correct on the date we read the broker's pages. We cannot monitor every broker daily, so a change that happens after our check is a re-check, not a correction.

When you tell us a condition has changed, we treat it as a request to re-check the broker. If the change is confirmed, we update the article and add a dated note that says 'Updated after a re-check on [date].' The old figure is not called wrong; it is simply marked as outdated.

Reporting a mistake

The only way to report an error is by email to editor@lagosbullion.com. We do not have a comment section, a contact form, or a social media inbox for corrections, because those channels are too easy to lose track of. Email keeps a record and lets us reply with the source we checked.

Please do not send screenshots of broker pages as your only evidence, because screenshots can be edited. Give us the URL of the broker's page where you saw the different figure, and the date you saw it. We will then read the same page ourselves and decide.

A factual error on a page or in a calculation

An error worth logging is any factual statement on Lagos Bullion that is wrong, misleading, or unverifiable, especially when it could affect a trader's decision. For example, if we wrote that 1 standard lot of gold is 10 ounces instead of 100 ounces, that is a clear error because it changes margin calculations and position sizing. Similarly, if we misstate the pip value for XAU/USD or reference a leverage cap that is not supported by the facts you gave us, that must be logged and corrected. We do not log differences of opinion or style, only objective inaccuracies in numbers, names, or claims.

A calculation error is also worth logging when it produces a wrong result. If we show that a 0.10-lot gold position at a reference price of 4275.0 needs a margin of $42.75 instead of the correct $85.50 at the maximum leverage you specified, that is a significant error because it understates the capital required. We must correct the formula and the example, and the log entry must show the original figure, the corrected figure, and the date of the change. This protects traders who rely on our worked examples to size positions from a phone before entering the market.

Errors in regulatory or funding information are treated with the same weight as numerical errors. If we incorrectly state that FxPro Markets Direct Costa Rica Latam SRL is regulated by the SEC Nigeria, when the facts clearly say it is licensed by the FCA, CySEC, and FSCA and that traders should confirm any broker on the SEC Nigeria register, that is a serious error. We log it promptly and correct the page to match the exact wording you gave us. We never soften or omit the regulator caveat, because a trader in Nigeria needs to know where to verify a broker before depositing local NGN via bank transfer or debit card.

Every correction gets a visible date and a change note

A correction is recorded by adding a dated entry directly on the affected page, showing the original text, the corrected text, and the date of the change. For example, if a page said the maximum leverage in Nigeria is 1:500, we would change it to reflect the fact that the maximum available is up to 1:200 via the offshore entity, with the note that one review cited 1:30 or 1:20 caps and these are conflicting and unverified. The entry would read something like 'Corrected on [date]: leverage cap changed from 1:500 to up to 1:200, with a note on conflicting caps.' This makes the change transparent to anyone reading from a mobile screen.

The date on a correction is the exact day the page was updated, not the day the error was first noticed or reported. If a reader emails us on a Monday to say that our pip definition for gold is wrong, but we verify and fix it on Wednesday, the correction log shows Wednesday's date. This matters because traders need to know when the information became reliable. A correction without a date is not a correction; it is just an edit, and that does not serve a trader who is checking the page before placing a gold order from a phone during a volatile session.

We also record a short change note that explains why the correction was made, without unnecessary detail. For instance, if we had written that local funding methods include only bank transfer and crypto, but the facts list also Visa/Mastercard debit cards and e-payments, the correction note would say 'Added debit cards and e-payments to local funding methods to match the full list of accepted options.' This note is part of the permanent record on the page, and we do not delete it later. The goal is that any reader can see what changed, when, and why, without having to contact us.

A correction fixes an error; an update reflects new facts

A correction is a change made because the original content was wrong at the time of publication, while an update is a change made because the underlying facts have changed since publication. For example, if we stated that the maximum leverage available in Nigeria is 1:200, and that is still true today, no change is needed. But if the offshore entity changes its maximum leverage to 1:100, that is an update, not a correction, because the original statement was accurate when written. We label updates separately on the page, with a note like 'Updated on [date] to reflect a change in available leverage.'

The distinction matters for trust and for a trader's decision-making. A correction signals that we made a mistake, and we own it publicly. An update signals that the market or the broker's terms have moved, and we are keeping the page current. If we mix the two, a reader might think we are constantly making errors when in fact we are maintaining the page. For gold traders in Nigeria, knowing whether a change is a correction or an update helps them judge the reliability of the page and whether they need to re-check their margin calculations before trading XAU/USD.

On Lagos Bullion, every change is classified as one or the other, never both. If we change a statement about the pip value of gold from 0.01 to 0.1, that is a correction because the pip value has not changed; we simply wrote it wrong. If we change the reference price from 4275.0 to 4300.0 because the market moved, that is an update, and we show the new price with a date. This classification is recorded in the change log, and we do not hide corrections by calling them updates. A mobile trader who sees a correction knows the previous version was unreliable and should double-check other numbers on the page.

The correction log is open so traders can verify what changed

The log stays public because a trader needs to know exactly what changed and when, especially when checking details on a phone before a trade. If we quietly fix a wrong margin example without a public note, a trader who saw the old version might make a decision based on the wrong number. By keeping the log open, we give anyone the ability to see that we changed the margin for a 0.10-lot gold position from an incorrect $42.75 to the correct $85.50 at the maximum leverage, and the date of that change. This is not about covering ourselves; it is about giving the trader the full picture.

An open log also shows that we do not rewrite history. If we had previously stated that the maximum leverage in Nigeria is 1:500, and later corrected it to up to 1:200 with a note about conflicting caps, the log preserves the original claim and the correction. This matters because a trader who did not see the original might wonder why we are suddenly talking about 1:200. The log answers that question without forcing the trader to ask us. For a gold trader using local NGN bank transfer to fund an account, knowing the correct leverage cap directly affects how much margin is needed for a position.

Finally, a public log is a commitment to accuracy under pressure. Trading gold is high-risk, and a wrong number on a page can lead to a real loss. We keep the log public so that any reader, including a regulator or a competitor, can audit our corrections. That pressure makes us careful about what we publish in the first place. The log is not a legal requirement; it is a promise to the trader that if we get something wrong, we will say so, fix it, and leave the evidence for everyone to see.

Errors we log: factual mistakes, miscalculated figures, and broken promises

An error is logged when a page states a fact that is objectively wrong at the time of writing, such as a wrong margin formula, a misquoted regulator, or a funding method that FxPro does not offer in Nigeria. A typo in a product name or a wrong currency symbol also counts if it could mislead a trader. But we do not log every change in market conditions as an error; a spread that widens during news is not a factual mistake, it is how gold trading works on MT4 and cTrader.

We log an error when a calculation on the page produces a figure that a trader cannot reproduce from the stated inputs. For example, if a page says 0.10 lots of XAU/USD at 1:200 needs $85.50 margin, but the actual margin formula gives a different number for the reference price of 4275.0, that is a logged error. We also log it when a claim depends on a number we were never given, such as calling a spread “tight” without stating the pip value. That is an unsupported claim, and it gets corrected.

An error is logged when a page promises something that the broker does not actually deliver to Nigerian clients. For instance, if a page says you can fund with a method not in the list of local NGN bank transfers, Visa/Mastercard debit cards, e-payments, or crypto, that is logged. Similarly, stating a leverage ratio other than the cap of up to 1:200 via the offshore entity, or ignoring the caveat that FxPro is licensed by the FCA, CySEC and FSCA but must be confirmed on the SEC Nigeria register, would be logged as an error.

How we record and date every correction on the page

Every correction is recorded directly on the page where the error appeared, with the date of the change and a short note explaining what was wrong and what it now says. The note is visible to any reader, so a trader checking on a phone can see at a glance that a margin figure was fixed from an old calculation to the new one, or that a funding method was removed because it is not offered in Nigeria. No correction is hidden in a separate file or only announced on social media.

The date format we use is day, month, and year, written in plain text so it is clear in en-NG reading. For example, a correction made on 15 February 2026 would appear as “15 February 2026” at the top of the changed section. The note states the specific error, such as “corrected margin for 0.10 lots of XAU/USD at 1:200 from $90.00 to $85.50 based on reference price 4275.0.” We do not use vague notes like “updated for accuracy”; the note must name the exact figure or fact that changed.

A correction is recorded as soon as we verify the error against the primary source, which is the broker’s current terms for Nigerian clients or the regulator’s public register. We do not wait for a reader to complain twice. If a trader reports a mistake using the reporting method on the page, we check it against the facts we have, and if it is confirmed, the correction is logged with a date and note the same day. If the report is about a number we were not given, we remove the unsupported claim rather than guessing a new number.