Is Eightcap regulated in Nigeria?
No licence from the Securities and Exchange Commission Nigeria among the 6 Eightcap entities we confirmed. Eightcap holds licences from ASIC (AFSL 391441), FCA (FRN 921296), CySEC (246/14), SCB (Bahamas) (SIA-F220), FSA Seychelles (SD100) and FSC Mauritius (GB25204603).
Facts checked 16 Oct 2026 on Eightcap's own site and the regulators' registers. Information only, not advice.
The licence check, in one table
- Local regulator
- Securities and Exchange Commission Nigeria
- Licence valid in Nigeria
- None among the entities we confirmed
- Company that serves you
- Not published for Nigeria; the main entities are in Australia, the UK, Cyprus, the Bahamas, Seychelles and Mauritius
- Eightcap's licences
- ASIC AFSL 391441FCA FRN 921296CySEC 246/14SCB (Bahamas) SIA-F220FSA Seychelles SD100FSC Mauritius GB25204603
- Local rules
- The SEC Nigeria says the Investments and Securities Act 2025 makes it an offence for an unregistered entity to run online forex trading platforms or related services.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77.97% of retail CFD accounts lose money with Eightcap (its own figure). See the full Eightcap review and our Nigeria page.
3 brokers to check in Nigeria
From the brokers we review that are open to traders in Nigeria, then by TFB Score.
FP Markets reviewTFB Score 92/100
IG reviewTFB Score 92/100
Pepperstone reviewTFB Score 92/100
Frequently asked questions
Short answers, from the facts shown on this page.
Is Eightcap regulated in Nigeria?
No licence from the Securities and Exchange Commission Nigeria among the 6 Eightcap entities we confirmed. Eightcap holds licences from ASIC (AFSL 391441), FCA (FRN 921296), CySEC (246/14), SCB (Bahamas) (SIA-F220), FSA Seychelles (SD100) and FSC Mauritius (GB25204603).
Which regulator oversees forex brokers in Nigeria?
Securities and Exchange Commission Nigeria. The SEC Nigeria says the Investments and Securities Act 2025 makes it an offence for an unregistered entity to run online forex trading platforms or related services. You can check a firm on its register: https://sec.gov.ng.
Which Eightcap company would open my account in Nigeria?
Not published for Nigeria; the main entities are in Australia, the UK, Cyprus, the Bahamas, Seychelles and Mauritius.
Which brokers should I look at in Nigeria?
FP Markets, IG and Pepperstone, from the brokers we review that are open to traders in Nigeria, in order of licence and TFB Score.
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning