Eightcap Review 2026
The full Eightcap write-up for Nigeria traders: the kitchen inspection, the ingredient costs, the bill, and our straight verdict.
Regulation in Nigeria
| Regulator | SCB, Securities Commission of the Bahamas (SCB) |
| Licence Number | SIA-F220 |
| Regulated Entity | Eightcap Global Ltd |
| Max Leverage (Forex) | 1:500 |
| Minimum Deposit | $100 |
| EUR/USD Spread | From 0.0 pips (ECN/Raw) |
| Instruments | 800+ |
| Platforms | MT4, MT5, TradingView |
| Copy Trading | ✗ |
| Real Stocks | ✗ |
| Inactivity fee | No inactivity fee |
Verdict
Cooks under SCB (licence SIA-F220). Cover charge $100. In Nigeria, forex leverage is capped at 1:500.
About Eightcap
Eightcap opened its doors in 2009 out of a kitchen in Melbourne, Australia. Its menu runs to 800 tradeable instruments, forex pairs alongside CFDs on stocks, indices and commodities. It holds licences across several jurisdictions, with the head licence carried by Eightcap Global Ltd under SCB.
In Nigeria, Eightcap serves as Eightcap Global Ltd, cleared by SCB under licence number SIA-F220. Under SCB house rules, Nigeria traders are poured no more than 1:500 leverage on forex pairs.
Trading Platforms
Pros
- SCB regulated, licence SIA-F220
- 800+ instruments to trade
- Negative balance protection in Nigeria
- Platforms: MT4, MT5, TradingView
- Founded in 2009 (17 years operating)
- EUR/USD spread from 0.0 pips on raw/ECN accounts
Cons
- No inactivity fee
- 76% of retail clients burn their fingers
- CFDs only, you trade the price, you never own the dish
- No real stock ownership
Frequently Asked Questions
Is Eightcap regulated?
Yes. Eightcap is authorised by SCB, issued to the entity Eightcap Global Ltd, an authorisation you can look up for yourself on the official SCB public register.
What is the minimum deposit for Eightcap in Nigeria?
The cover charge is $100, the smallest amount Nigeria traders need to open a live account with Eightcap under SCB rules.
What leverage does Eightcap offer in Nigeria?
In Nigeria, SCB rules cap Eightcap at 1:500 on forex pairs. A larger pour is sometimes available through offshore-regulated entities, with thinner protection to match.
Is Eightcap safe to trade with?
The kitchen passes inspection: Eightcap cooks under SCB. A tier-1 regulator insists on segregated client money, negative balance protection and independent audits, while lighter offshore regimes offer weaker cover and often no compensation scheme. That does not make trading risk-free, so check which entity holds your account and what protections actually apply before you deposit.
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