Terms of Use

Not advice, not an offer

Everything on Lagos Bullion is educational material about gold (XAU/USD) trading conditions for readers in Nigeria. Nothing on this site is investment advice, a personal recommendation, or an offer to buy or sell any financial instrument. We do not know your financial situation, your risk tolerance, or your goals, so we cannot tell you whether to trade.

The fact that we describe a broker's account opening process or its leverage cap does not mean we endorse that broker for you. Your decision to open an account is yours alone, and you should read the broker's own legal documents before depositing any naira.

High risk of loss

Gold CFDs are leveraged products and carry a high risk of losing money quickly. Most retail investor accounts lose money when trading CFDs, and a single adverse move in XAU/USD can wipe out your margin. At the maximum leverage available in Nigeria, a 0.10-lot gold position needs about $85.50 margin, but that does not mean the position is safe; it means a small price move can cause a large percentage loss.

Never trade with money you cannot afford to lose, and never borrow to trade gold. If a broker's marketing suggests that gold trading is a way to make quick naira profits, close the page. Lagos Bullion does not promise profits, and we do not publish success stories.

Figures are dated, verify with broker

Every figure on Lagos Bullion is dated and taken from the broker's own documents at the time of the check. Brokers change spreads, swaps, leverage caps, and funding methods without notice, so you must verify the current terms with the broker before you trade. A figure that was correct in January may be wrong in March.

When you click an affiliate link and open an account, your relationship is with the broker, not with Lagos Bullion. We are not a party to your trading agreement, we do not hold your funds, and we are not responsible for any loss you incur. If you have a dispute, take it up with the broker and its regulator.

This website is an information resource, not a trading signal provider

Lagos Bullion is a publisher of educational content on trading gold as XAU/USD from Nigeria, and it does not give personalised investment advice or trade signals. The site explains how contracts work, how margin is calculated, and what fees may apply, but it never tells you to open a specific position or predicts price direction. All material is general and prepared without knowing your capital, income, or risk tolerance, so it cannot replace a licensed adviser who understands your situation.

The information here is not an offer to buy or sell gold, nor a solicitation to trade with any broker. Lagos Bullion does not execute trades, hold client funds, or act as an introducing broker under Nigerian law. When the site mentions FxPro as the broker behind the content, that is a factual disclosure of the affiliate relationship, not a recommendation that FxPro is suitable for your needs. You must assess your own objectives and seek independent advice if you are unsure.

Because gold trading involves contracts for difference and leverage, even accurate educational content can be misread as a call to action. Lagos Bullion therefore reminds every reader that the decision to trade is yours alone, and you bear full responsibility for losses. The site does not monitor market conditions in real time, and nothing on it should be treated as an up-to-the-minute analysis of where the gold price of about 4275.0 is heading.

How Lagos Bullion earns money from the FxPro partnership

Lagos Bullion has an affiliate agreement with FxPro, which means the site may receive a commission when a reader opens and funds a trading account through links on these pages. The commission is paid by FxPro and does not increase the spreads, swaps, or any other charges you pay as a client. Lagos Bullion does not charge you a separate fee for using the information on this website, and the affiliate income is the sole source of revenue from the partnership.

The affiliate relationship covers the broker entity that serves Nigeria, FxPro Markets Direct Costa Rica Latam SRL, and it applies to all platforms mentioned, including MT4, MT5, cTrader, and FxPro Edge. Lagos Bullion is not an employee, agent, or partner of FxPro in any legal sense, and it does not speak on behalf of the broker. Any statement about FxPro's services, licensing, or fees on this site is based on publicly available information and may change without notice.

Because the site earns from account openings, a reader might question whether the content is biased in favour of FxPro. Lagos Bullion addresses that by disclosing the relationship on every page that contains affiliate links and by keeping the educational material focused on how gold trading works rather than on promoting the broker. The site does not receive compensation for positive mentions, and the affiliate status does not alter the risk warnings or the factual statements about leverage and margin requirements.

The limits of our liability for trading losses and information errors

Lagos Bullion is not liable for any financial loss you incur from trading gold, whether you use the information on this site or not. Trading XAU/USD with leverage up to 1:200 via the offshore entity can wipe out your entire deposit, and no educational article can protect you from market moves. The site does not guarantee the accuracy of figures such as the reference price of 4275.0, the pip value of 0.01, or the margin of about $85.50 for a 0.10 lot at 1:200, because these change with market conditions and broker settings.

The website is provided on an as-is and as-available basis, and Lagos Bullion does not warrant that it will be uninterrupted, error-free, or free of viruses. While the editors aim for accuracy, they may rely on third-party data for gold prices, margin requirements, and regulatory statements, and those sources can contain errors. If a fact on this page is outdated because FxPro changed its spreads, swaps, or minimum deposit, Lagos Bullion is not responsible for the discrepancy, and you should verify with the broker before trading.

To the maximum extent permitted by law, Lagos Bullion excludes liability for indirect, incidental, or consequential damages, including lost profits, lost data, or reputational harm arising from your use of the site. This limitation applies whether the claim is based on contract, tort, negligence, or any other legal theory. If a court finds that any part of this limitation is unenforceable, the rest of the provision remains in effect, and the site's total liability for any claim is capped at the amount you paid to access the content, which is zero naira.

The law that governs these terms and any dispute

These terms are governed by the laws of the Federal Republic of Nigeria, without regard to conflict of law principles. Any dispute arising from your use of Lagos Bullion or from these terms will be subject to the exclusive jurisdiction of the courts of Nigeria, specifically the High Court of Lagos State. This applies even if you access the site from outside Nigeria or if the broker entity is registered in Costa Rica, because the publication is targeted at Nigerian readers and is operated by a Nigerian publisher.

The choice of Nigerian law does not override the regulatory status of FxPro, which is licensed by the FCA in the UK, CySEC in Cyprus, and FSCA in South Africa. Lagos Bullion is not a regulated financial institution in Nigeria and does not fall under the supervision of the Securities and Exchange Commission (SEC) Nigeria. Readers are reminded to confirm any broker on the SEC Nigeria register of capital market operators before depositing funds, because the offshore entity serving Nigeria may not be covered by Nigerian investor protection schemes.

If any provision of these terms is found to be invalid or unenforceable by a Nigerian court, that provision will be severed and the remaining terms will continue in full force. Lagos Bullion does not submit to the jurisdiction of any other country's courts, and you agree not to bring a claim in a foreign forum unless Nigerian law requires otherwise. This clause is intended to give both parties clarity on where legal disputes will be resolved, and it applies to all sections of this terms page.

How we publish changes to these terms and when they take effect

Lagos Bullion may update these terms at any time, and the revised version will be posted on this same page with a new effective date. The site will also place a notice on the homepage or in the footer for 30 days after a material change, so that regular readers can see that the terms have been amended. You are responsible for reviewing this page periodically, because your continued use of the site after changes are posted constitutes acceptance of the new terms.

Changes to the terms may be necessary when the broker's services change, when Nigerian regulations are updated, or when the site adds new content about gold trading. For example, if FxPro alters its leverage caps or if the SEC Nigeria issues new rules for capital market operators, Lagos Bullion will revise the relevant sections and republish the entire terms page. The site does not send individual email notifications of changes, so the only reliable way to stay informed is to check the terms page before making a trading decision.

The date at the top of this terms page shows when the current version was last updated, and any archived versions are available upon request by email. Lagos Bullion will not apply new terms retroactively to disputes that arose before the change, unless the law requires it. If you do not agree with a revised term, your only remedy is to stop using the website and close any affiliate-tracked account, though closing an account with FxPro is a separate process handled by the broker.

How to verify the broker's regulatory status and local funding options

The broker behind Lagos Bullion, FxPro, is licensed by the FCA in the UK, CySEC in Cyprus, and FSCA in South Africa, but the entity that serves Nigeria is FxPro Markets Direct Costa Rica Latam SRL. That offshore entity is not licensed by the SEC Nigeria, and local investor protection may not apply to your account. Before depositing any naira, you must confirm the broker on the SEC Nigeria register of capital market operators and read the risk disclosure documents provided by FxPro.

Funding your trading account from Nigeria can be done through local NGN bank transfers, Visa or Mastercard debit cards, e-payments, or crypto, but Lagos Bullion does not state which methods FxPro currently accepts or what fees apply. These options change frequently and depend on your bank, the payment processor, and FxPro's own policies. Always check the deposit and withdrawal pages on the broker's official website or mobile app before sending money, because the site cannot verify the status of your transfer.

The maximum leverage available to Nigerian clients is stated as up to 1:200 via the offshore entity, though one review cited caps of 1:30 or 1:20, and the conflict has not been verified. Lagos Bullion does not recommend using maximum leverage, because a 0.10 lot gold position at 1:200 requires only about $85.50 margin, meaning a small price move against you can quickly erase that amount. Treat any leverage figure as a cap, not a setting to aim at, and reduce your position size to keep risk within your budget in naira.

Lagos Bullion is an information resource, not a trading adviser

Lagos Bullion is a website that publishes educational material about trading gold as XAU/USD through FxPro, and it is not a licensed financial adviser, broker, or portfolio manager. The content on this site explains how gold trading works, how margin and leverage interact, and what costs a trader in Nigeria might face, but it never tells you to open a specific trade or to risk a particular amount of money. Every decision you make on your FxPro account is your own, and you should not treat anything you read here as a personalised recommendation for your financial situation.

The site is not a signal service and does not send trade alerts, price forecasts, or entry and exit calls for XAU/USD. If you see a worked example, such as a 0.10-lot position needing about $85.50 margin at the maximum available leverage of up to 1:200 through the offshore entity, that is an illustration of arithmetic, not a suggestion that you should use that leverage or trade that size. Trading gold on margin can lose money faster than a funded account, and a 100-oz standard lot moves $1 for every 1-pip change in price, so a small adverse move can wipe out a small balance.

Lagos Bullion also does not hold client money, execute orders, or provide customer support for FxPro accounts. When you click through to FxPro and open an account, you are dealing directly with FxPro Markets Direct Costa Rica Latam SRL, the entity that serves Nigeria, and your funds are held by that broker under its own terms. This website only explains how the relationship works and what to verify before you deposit naira via a local bank transfer, a Visa or Mastercard debit card, an e-payment, or crypto. Any dispute about execution, withdrawals, or account access is between you and FxPro.

How Lagos Bullion is paid when you join FxPro through this site

Lagos Bullion has an affiliate relationship with FxPro, which means the site may receive a commission from FxPro when a reader opens a funded trading account through a link on this website. The commission is paid by FxPro, not by you, and it does not change the spreads, commissions, or swaps you are charged on XAU/USD trades. FxPro sets its own trading costs, and those costs depend on the account type, the platform you use, and market conditions, not on whether you arrived via Lagos Bullion or directly.

The affiliate payment is a one-time or ongoing amount based on FxPro's partner programme, and Lagos Bullion does not receive a share of your trading losses or profits. You are never charged a higher fee because you used a Lagos Bullion link, and the site does not add any markup to the broker's prices. The exact commission Lagos Bullion earns is not published on this page because it is a private commercial arrangement, but you can ask FxPro for its affiliate disclosure if you want to understand how partners are compensated.

Because Lagos Bullion earns money when you open and fund a FxPro account, you should read the educational content on this site with that incentive in mind. The site aims to present facts about gold trading, such as the reference price of about 4275.0 for XAU/USD and the margin calculation for a 0.10-lot position, but the existence of a commission does not mean the site is biased towards telling you to trade. Trading gold is high risk, and most retail accounts lose money, so you should only deposit naira you can afford to lose after verifying FxPro's regulatory status on the SEC Nigeria register and confirming the local funding methods available to you.