Eightcap Trading Broker Review

Founded in 2009 in Melbourne, Australia, Eightcap is a prominent global CFD (Contracts for Difference) broker that offers a wide variety of financial instruments for trading. Its comprehensive offering spans across forex, commodities, indices, shares, and cryptocurrencies, granting traders access to more than 800 CFD markets worldwide.

At-a-glance Statistics

Number of Tradable FX pairs

Number of Regulators

TrustPilot Rating

Number of TrustPilot Reviews

Traffic & Engagement

• Total visits, December 2024:375,106
• Device distribution:
• Desktop: 63.81%
• Mobile: 36.19%
• Visit duration: 00:01:31

Social Traffic

• Visitors:
• Youtube: 68.75%
• Facebook: 23.23%
• WhatsApp: 0.97%
• Telegram: 3.39%
• Other: 3.66%

Geographic Distribution of Eightcap Website Traffic

Eightcap Contact Information

Regulated by reputable authorities like the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK, Eightcap ensures a secure and transparent trading environment for its clients. Its adherence to stringent regulatory frameworks highlights its commitment to compliance and client protection.

For traders, Eightcap provides support for industry-leading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are renowned for their advanced charting tools, algorithmic trading capabilities, and ease of use, appealing to both beginner and advanced traders. Furthermore, Eightcap integrates with TradingView for more extensive chart analysis and trading execution, making it an excellent choice for technology-savvy investors.

With its range of customizable account types, competitive trading conditions, and a beginner-friendly onboarding process, Eightcap has cemented itself as a versatile broker that caters to the needs of both novice and experienced traders.

General Information about Eightcap

Account Information

Trading Information

Spreads

Leverage

Deposit Methods

Regulations and Security

Eightcap is a highly regulated CFD broker, operating under the oversight of reputable financial authorities to provide a secure trading environment. It is primarily regulated by the Australian Securities and Investments Commission (ASIC) under license number 391441 and the Financial Conduct Authority (FCA) in the United Kingdom under license number 921296. These strict regulatory standards ensure compliance with global best practices, including the segregation of client funds and adherence to anti-money laundering (AML) policies.

To protect client assets, Eightcap holds all client funds in separate trust accounts at top-tier banks, ensuring they are not mixed with the company’s operating capital. This safeguard provides additional security in the unlikely event of insolvency. Furthermore, Eightcap complies with negative balance protection policies, ensuring that clients never lose more than the funds they deposit into their accounts.

The broker also employs advanced security measures such as Secure Socket Layer (SSL) encryption technology to protect sensitive client data and transactions from potential cyber threats. Additionally, Eightcap undergoes regular compliance checks and audits to maintain its status as a trusted broker. These rigorous regulatory and security frameworks underscore Eightcap’s commitment to providing a safe, reliable, and transparent trading environment for clients worldwide.

Account Types and Features

Eightcap offers three distinct account types designed to cater to a wide range of trading preferences and strategies. Below is a detailed overview of the accounts available:

• Standard Account

  The Standard Account is geared toward beginners and traders who prefer simplicity in pricing. With no commissions on trades, it provides an accessible option for those looking to trade without additional fees. The spreads on this account start from 1.0 pips, ensuring cost-efficient trading conditions. It supports Negative Balance Protection to safeguard users against losses exceeding their account balances. Traders using the Standard Account have access to a broad range of trading instruments across Eightcap’s platforms.

• Raw Account

  The Raw Account is tailored for experienced traders who prioritize low-cost trading and direct market access. This account type provides raw spreads starting from 0.0 pips, ideal for scalpers and high-frequency traders aiming to reduce trading costs. While a small commission fee of $3.50 per lot per side applies, it is offset by the highly competitive spreads. As with the Standard Account, leverage options of up to 1:500 are available. The Raw Account provides traders access to institutional-grade trading conditions on the MT4 and MT5 platforms.

• TradingView Account

  The TradingView Account is specifically designed for traders who wish to leverage the powerful charting and social features of the TradingView platform. With this account type, traders can integrate Eightcap’s market access with advanced tools for charting and analysis. Spreads and commission fees are tailored to TradingView integration, allowing traders to combine technical analysis with seamless execution. This account is ideal for traders who rely heavily on advanced charting tools and community insights to inform their decisions.

How to open an Account with Eightcap

Opening an account with Eightcap is quick and user-friendly, involving just a few steps:

1. Registration: Begin by visiting Eightcap’s website and clicking “Sign Up.” Fill out a simple registration form, providing your name, email, phone number, and country of residence.
2. KYC Verification: To comply with global regulatory standards, Eightcap requires Know Your Customer (KYC) verification. Upload proof of identity (passport, driver’s license) and address verification (utility bill, bank statement).
3. Choose an Account Type: Select between the Standard and Raw Account based on your trading preferences. Islamic account options can also be activated upon request.
4. Deposit Funds: Once verified, you can fund your account using various payment methods, including bank transfers, credit/debit cards, or e-wallets like Skrill and Neteller. The minimum deposit typically starts at $100.
5. Start Trading: Access the MT4, MT5, or TradingView platform to begin exploring over 800 financial instruments, with features and tools to suit your trading style.

The entire process is designed to be efficient, ensuring traders can start trading as quickly as possible without compromising on compliance or security standards.

Trading Platforms

Eightcap offers a robust suite of trading platforms tailored to meet the needs of traders at all levels. The platforms provide a seamless trading experience with advanced tools, customization features, and reliable execution. Here is an overview of the platforms offered by Eightcap:

• MetaTrader 4 (MT4)

  MT4, a globally recognized platform, is highly regarded for its user-friendly interface and powerful trading capabilities. Designed with forex and CFD traders in mind, MT4 supports advanced charting tools, automated trading, order types and customisable features. MT4 is suitable for beginners and experienced traders looking for an intuitive platform with a strong focus on forex trading.

• MetaTrader 5 (MT5)

  MT5 is the successor to MT4 and includes a range of enhanced features, making it ideal for traders seeking additional functionality. This platform includes broader asset coverage, advanced technical analysis and economic calendar integration. MT5 is ideal for traders who want a versatile platform with a comprehensive suite of tools for diversified portfolios.

• TradingView Integration

  Eightcap provides integration with TradingView, a leading charting and social trading platform. Key benefits of this integration include advanced charting tools, social trading features and seamless execution. This platform integration is highly valuable for traders who prioritize detailed technical analysis and rely on trading communities for insights.

• Eightcap WebTrader

  Eightcap’s proprietary WebTrader is a browser-based platform designed for convenience:

  • No Downloads Needed: Access your account from any device with an internet connection.
  • User-Friendly Interface: Simple navigation and tools for executing trades efficiently.
  • Real-Time Market Data: Provides instant access to quotes and chart updates.
• Mobile Trading

  For traders on the go, Eightcap provides mobile apps for MT4 and MT5, compatible with both iOS and Android devices. These apps include:

  • One-Tap Trading: Execute trades with a single tap for quick decision-making.
  • Real-Time Notifications: Stay updated on market movements and price alerts.
  • Full-Functionality: Access charting tools, account management, and trading history from your phone.

Whether you are trading forex, cryptocurrencies, or stocks, Eightcap’s platform options offer flexibility and cutting-edge technology for traders of all levels.

Trading Instruments

Eightcap offers an extensive range of trading instruments across multiple markets, catering to the diverse needs of traders. The variety ensures opportunities for both short-term and long-term traders, regardless of their preferred asset classes. Here’s a breakdown of the instruments available:

• Forex

  Eightcap provides access to a wide selection of currency pairs, including major, minor, and exotic pairs. Forex trading features include:

  • Over 40 Currency Pairs: Including EUR/USD, GBP/USD, AUD/USD, and more.
  • Tight Spreads: Starting from as low as 0.0 pips for major pairs with Raw Accounts.
  • High Leverage: Up to 1:500 for eligible clients, enabling smaller deposits to control larger positions.
  • 24/5 Market Access: Trade around the clock to capitalize on global market movements.

  Forex is the primary choice for traders looking for high liquidity and continuous opportunities.

• Commodities

  Trade popular commodities that include:

  • Metals: Gold (XAU/USD) and Silver (XAG/USD) are available, offering safe-haven opportunities.
  • Energy: WTI Crude Oil, Brent Crude Oil, and Natural Gas for those looking to trade market volatility.
  • Soft Commodities: Includes agricultural products such as cocoa and coffee.

  Commodities provide a hedge against inflation and are suitable for diversifying portfolios.

• Indices

  Eightcap offers CFDs on the world’s leading stock indices, allowing traders to speculate on market performance. Available indices include:

  • US Markets: S&P 500, NASDAQ 100, and Dow Jones Industrial Average.
  • European Markets: DAX 30, FTSE 100, and CAC 40.
  • Asian Markets: Nikkei 225, Hang Seng Index, and ASX 200.

  Trading indices allows traders to gain exposure to broader market movements without focusing on individual stocks.

• Shares CFDs

  Eightcap provides access to over 250 share CFDs from top global companies. Benefits of share CFDs include:

  • US Tech Giants: Trade popular stocks like Apple, Amazon, Meta, and Tesla.
  • Global Giants: Trade other major companies such as Nestlé, BMW, and Alibaba.
  • Leverage Options: Access up to 1:20 leverage on share CFDs.
  • Fractional Shares: Invest smaller amounts while gaining exposure to high-value shares.

• Cryptocurrencies

  Eightcap is highly regarded for its wide range of cryptocurrency trading options, with access to over 250 crypto assets. Highlights include:

  • Popular Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and more.
  • Altcoins and Tokens: Trade emerging digital assets, including meme coins and DeFi tokens.
  • Unique Pairs: Crypto-to-fiat and crypto-to-crypto pairs.
  • High Leverage: Up to 1:50, depending on the crypto asset.

  Crypto trading allows traders to diversify into an exciting and volatile market with potential for significant returns.

• Futures CFDs

  Eightcap provides access to futures contracts without requiring traders to manage expiry dates. Popular futures markets include:

  • Energy Futures: WTI and Brent Crude.
  • Commodities Futures: Precious metals and agricultural products.
  • Index Futures: Gain exposure to global stock markets through futures derivatives.

  Futures CFDs are ideal for traders seeking opportunities with advanced market forecasting.

• Leverage and Spreads

  • Leverage: Flexible leverage options ranging from 1:1 up to 1:500. However, regulatory restrictions may apply based on the trader’s location.
  • Spreads: Extremely competitive, with Raw Account spreads starting from 0.0 pips on major forex pairs and tight spreads across all markets.

Trading Conditions

Eightcap creates an optimal trading environment by offering competitive trading conditions tailored to meet the needs of traders across all skill levels. Whether you are a seasoned professional or a beginner, the broker ensures transparent and favourable conditions for executing trades.

• Competitive Spreads

  Eightcap offers some of the most competitive spreads in the market, particularly for its Raw Account holders.

  • Raw Accounts: Enjoy spreads starting as low as 0.0 pips on major currency pairs like EUR/USD.
  • Standard Accounts: For those who prefer commission-free trading, spreads begin slightly higher but remain competitive compared to industry standards.
  • Instruments-Specific Spreads: Commodities, indices, and crypto assets also feature tight spreads, allowing traders to maximize their profitability.
• Trade Execution and Liquidity

  Eightcap provides fast and reliable trade execution, supported by deep liquidity from top-tier providers.

  • Execution Speed: Near-instantaneous execution minimizes slippage and ensures orders are filled promptly.
  • Price Stability: Access to deep liquidity ensures consistent pricing, even during periods of high market volatility.
• Flexible Leverage Options

  Leverage at Eightcap is designed to suit a broad range of trading strategies and risk appetites:

  Retail Clients: Leverage up to 1:30 for traders in heavily regulated regions like the EU and Australia.
  Professional Traders: Eligible traders can access leverage up to 1:500 on forex, commodities, and indices.
  Crypto Leverage: Up to 1:50 for crypto CFDs, offering considerable exposure while maintaining risk management options.
• Trading Hours

  Access the global markets almost 24/5 with Eightcap. Trading hours vary based on the instrument:

  • Forex: Available around the clock, starting Monday at 00:00 server time and ending Friday at 24:00 server time.
  • Indices and Commodities: Aligned with the operating hours of their respective exchanges.
  • Cryptocurrencies: Tradeable 24/7, providing unparalleled flexibility for crypto enthusiasts.

  With low spreads, fast execution, and flexible leverage options, Eightcap provides a well-rounded trading environment suitable for all strategies.

Deposits and Withdrawals

Deposit Methods

Eightcap supports multiple deposit options to cater to its diverse global clientele:

• Bank Transfers: Traditional bank wire transfers are available for those who prefer direct bank-to-broker transactions.
• Credit/Debit Cards: Visa and MasterCard are supported for instant deposits.
• PayPal: Widely trusted and ideal for fast transactions.
• Skrill and Neteller: Popular choices for online traders globally.
• Cryptocurrency: Bitcoin deposits are supported, allowing seamless funding for crypto enthusiasts.

Deposit Speeds

• Instant Processing: Credit/debit cards and e-wallets are processed almost instantly.
• 1–3 Business Days: Bank wire transfers may take slightly longer due to bank processing times.

Withdrawal Methods

Eightcap ensures that withdrawing funds is a straightforward process, offering the same methods as deposits for maximum convenience:

• Bank Wire: Ideal for larger withdrawals or clients preferring traditional banking channels.
• E-Wallets: Fast and convenient with platforms like PayPal and Skrill.
• Crypto Wallets: Available for traders withdrawing in Bitcoin.

Withdrawal Speeds

• 24–48 Hours: Withdrawals are generally processed within this timeframe, ensuring funds are quickly accessible.
• Real-Time Updates: Clients can track the withdrawal process through the client portal.

Fees and Charges

Eightcap does not impose additional fees for most deposit or withdrawal methods.

• Currency Conversion: Traders should be mindful of potential currency conversion costs if their trading account currency differs from their payment method.

Security and Transparency

Eightcap places high emphasis on secure transactions. All financial data is encrypted, and strict internal protocols are followed to prevent unauthorized access. With compliance to leading regulations, clients can rest assured their funds are in safe hands.

Copy Trading and Additional Services

Eightcap provides an exceptional Copy Trading service, ideal for traders seeking to simplify their trading journey or diversify their strategies. By partnering with leading platforms like Myfxbook Autotrade and Capitalise.ai, Eightcap enables users to replicate the trades of experienced professionals automatically.

Myfxbook Autotrade offers a transparent view of expert strategies, allowing traders to analyse verified performance metrics such as profitability and risk before mirroring their trades.

Capitalise.ai, on the other hand, caters to automation enthusiasts by providing tools to create, test, and deploy rule-based trading strategies, all without needing programming skills. These features empower beginners to learn from seasoned experts while enabling experienced traders to explore new approaches to the market. Beyond copy trading, Eightcap’s integration with powerful platforms ensures access to insightful analytics and automation, enhancing the trading experience for its global clientele. The combination of flexibility, innovation, and reliability makes Eightcap’s additional services a standout offering.

Customer Service

Eightcap places a strong emphasis on delivering exceptional customer support, ensuring traders have access to assistance when needed. The broker offers multi-channel support that includes live chat, email, and telephone, available 24/5 to align with global trading hours. For traders seeking immediate help, the live chat feature provides prompt responses from knowledgeable representatives who are well-versed in technical issues, account management, and platform-related queries. Email support is equally reliable, offering detailed and tailored resolutions within 24 hours. Eightcap’s customer service team operates in multiple languages, reflecting its global client base and commitment to accessibility. Additionally, the platform hosts a comprehensive FAQ section covering key topics.

Pros and Cons

Conclusion

Eightcap is a reliable broker offering robust regulatory oversight, diverse account types, and access to top-tier platforms like MT4, MT5, and TradingView. Its wide range of instruments, including forex, stocks, and cryptocurrencies, supports varied trading strategies. With features like automated trading and competitive conditions, Eightcap caters to both beginners and professionals. While minor limitations exist, its comprehensive offerings make it a strong choice for traders seeking flexibility and security.

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