Abstract There is increasing evidence to suggest that soil nutrient availability can limit the carbon sink capacity of forests, a particularly relevant issue considering today's changing climate. This question is especially important in the tropics, where most part of the Earth's plant biomass is stored. To assess whether tropical forest growth is limited by soil nutrients and to explore N and P limitations, we analyzed stem growth and foliar elemental composition of the five stem widest trees per plot at two sites in French Guiana after 3 years of nitrogen (N), phosphorus (P), and N + P addition. We also compared the results between potential N‐fixer and non‐N‐fixer species. We found a positive effect of N fertilization on stem growth and foliar N, as well as a positive effect of P fertilization on stem growth, foliar N, and foliar P. Potential N‐fixing species had greater stem growth, greater foliar N, and greater foliar P concentrations than non‐N‐fixers. In terms of growth, there was a negative interaction between N‐fixer status, N + P, and P fertilization, but no interaction with N fertilization. Because N‐fixing plants do not show to be completely N saturated, we do not anticipate N providing from N‐fixing plants would supply non‐N‐fixers. Although the soil‐age hypothesis only anticipates P limitation in highly weathered systems, our results for stem growth and foliar elemental composition indicate the existence of considerable N and P co‐limitation, which is alleviated in N‐fixing plants. The evidence suggests that certain mechanisms invest in N to obtain the scarce P through soil phosphatases, which potentially contributes to the N limitation detected by this study.