Eightcap

About Eightcap

Established in 2009, Eightcap is an Australian forex and CFD broker, offering a diverse range of trading services to customers across the globe. The broker is well-regarded for its broad selection of financial instruments, including Forex, commodities, cryptocurrencies, indices, and shares. With a solid reputation built over the years, Eightcap is regulated by key financial authorities, ensuring a safe and reliable trading environment for traders worldwide.

The platform offers over 800 trading instruments and an impressive selection of features designed to cater to beginner and advanced traders. The broker is committed to helping its clients succeed by providing a variety of educational resources and support in multiple languages, offering comprehensive tutorials and guides, making it easier for both new and experienced traders to grasp essential concepts and improve their strategies.

Eightcap stands out as a top choice for traders looking for flexibility and a strong trading environment.

Safety and Regulations

Trading Regulators

Eightcap operates under the oversight of multiple reputable financial regulators, ensuring a secure and transparent trading environment for its clients across the globe.

The broker is licensed by:

• Australian Securities and Investments Commission (ASIC) in Australia
• Financial Conduct Authority (FCA) in the United Kingdom
• Cyprus Securities and Exchange Commission (CySEC) 
• Securities Commission of The Bahamas (SCB)
• Financial Services Authority (SVGFSA) in Saint Vincent and the Grenadines

Security

To protect client funds, Eightcap follows industry-standard security protocols, including segregated client accounts. This ensures that traders deposits remain separate from the company’s operational capital, safeguarding them in the event of financial difficulties.

In addition to financial protection, Eightcap prioritizes digital security. The broker employs Secure Socket Layer (SSL) encryption across its platforms to prevent unauthorized access to sensitive information. Two-Factor Authentication (2FA) further enhances account security by requiring an additional verification step during logins. Advanced firewall systems and intrusion detection measures also contribute to a safer trading environment.

Transparency

By adhering to the stringent guidelines set forth by regulatory bodies, EightCap ensures that it operates within the bounds of the law, fostering a transparent and trustworthy environment for its clients. This commitment to regulatory compliance not only instills confidence in clients but also showcases EightCap’s unwavering dedication to ethical business practices.

Eightcap is transparent about its management structure, which means that anyone can see who is in charge of management issues at the brokerage.

Ownership structure of Eightcap is not public, it cant be checked on their website, which leaves some questions open about ones feeling of being up-to-date about the broker.

Tradable Instruments

Eightcap offers a comprehensive range of trading instruments, making it an attractive choice for traders seeking a diverse portfolio. The broker provides access to over 200 financial instruments across various asset classes, catering to traders of all experience levels and market preferences.

Tradable Assets and Markets at Eightcap

Forex

For Forex traders, Eightcap delivers an extensive selection of 56 currency pairs, including major, minor, and exotic pairs. With competitive spreads and leverage of up to 1:500, traders have the flexibility to execute their strategies efficiently. Whether focusing on popular pairs like EUR/USD and GBP/USD or exploring more volatile exotic pairs, Eightcap provides the necessary tools to navigate the Forex market.

Indices

Trade 8 of the largest global stock indices. The platform offers access to 16 major global indices, such as the S&P 500, Dow Jones, NASDAQ, FTSE 100, and DAX, allowing traders to speculate on broader market movements.

Commodities

Commodity traders can engage with key markets, including precious metals like Gold and Silver, energy commodities like Brent and Crude Oil, and select soft commodities. However, the limited range of soft commodities such as cotton and wheat may be a drawback for some traders.

Shares

At Eightcap, traders can choose from an extensive list of CFDs in stocks, all available on the MT5 and TradingView platforms. Spreads on stocks are calculated using a Direct Market Access pricing model, and a $2 commission is charged per side per lot traded. Keep in mind that the commission is applied even if shares CFDs are traded with a Standard account. The minimum order size is 0.01 lots, while the maximum trade size is capped at 100 lots. No matter the entity you have registered with, the maximum leverage available on share CFDs is capped at 1:5.

Stocks

Stock traders can take advantage of over 590 share CFDs, covering major companies from the US, UK, Europe, and Australia. This allows traders to speculate on price movements in leading corporations such as Apple, Tesla, and Amazon. It is important to note that stock CFDs are available exclusively on the MT5 platform, which may limit accessibility for traders using MT4.

Cryptocurrencies

Eightcap also excels in cryptocurrency trading, offering an impressive selection of 122 crypto derivatives. Traders can access popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Litecoin, leveraging market volatility for potential profit. However, UK retail traders should be aware that crypto CFDs are not available due to regulatory restrictions.

Account Types

Eightcap provides traders with two primary account types, each tailored to different trading styles and experience levels. Whether youre a beginner looking for a commission-free trading environment or an experienced trader seeking the tightest spreads, Eightcap ensures flexibility through its Standard and Raw accounts.

Eightcap Live Accounts

Standard Account

The Standard Account is designed for traders who prefer a straightforward trading experience without additional commission costs. With a minimum deposit requirement of just $100, it offers accessibility to a wide range of traders, from beginners to those trading smaller volumes.

This account features spreads that generally start from 0.5 pips, slightly higher than the Raw Account, as there are no commissions applied per trade. The minimum trade size is set at 0.01 lots, making it ideal for traders who want to maintain greater control over their risk exposure. Additionally, traders using this account have access to a broad selection of over 1000 tradable instruments and can utilize hedging strategies, except for clients in Australia, where such strategies are restricted.

Raw Account

For traders who prioritize tight spreads and are comfortable with commission-based trading, the Raw Account provides an optimal choice. With spreads starting from 0.0 pips, this account ensures the lowest possible trading costs, making it particularly appealing to scalpers and high-frequency traders.

A commission of $3.5 per standard lot applies per side, but this is balanced by the access to raw spreads that significantly reduce overall trading expenses. Like the Standard Account, the Raw Account also requires a minimum deposit of $100 and supports a minimum trade size of 0.01 lots. Both account types offer leverage up to 1:30 for retail traders and up to 1:500 for professional clients, providing ample flexibility for various trading strategies.

Demo Account

For traders who wish to test Eightcap’s platform and trading conditions before committing to live trading, the broker offers a demo account. This risk-free environment allows users to refine their trading strategies and become familiar with market dynamics using virtual funds. The demo account replicates real trading conditions, making it an excellent tool for both beginners and experienced traders looking to test new techniques.

Supported Platforms

Eightcap provides traders with a diverse selection of trading platforms, catering to different trading strategies and experience levels. The broker ensures that traders have the necessary tools to analyze the markets and execute trades efficiently.

The trading platforms supported by Eithcap:

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• TradingView

Overview of Eightcap’s Trading Platforms

MetaTrader 4

Eightcap supports the widely used MetaTrader 4 (MT4) platform, known for its reliability and user-friendly interface. MT4 remains a favorite among traders due to its extensive range of technical indicators, advanced charting tools, and automated trading features through Expert Advisors (EAs). The platform supports multiple order types, allowing traders to implement a variety of trading strategies with ease.

One of the standout features of MT4 is its customizability, enabling traders to personalize their trading environment to suit their needs. With one-click trading, real-time market analysis, and seamless execution, MT4 provides a stable and efficient trading experience.

MetaTrader 5

For those looking for more advanced features, Eightcap also provides access to MetaTrader 5 (MT5). As the successor to MT4, MT5 includes additional timeframes, order types, and analytical tools, making it a preferred choice for traders seeking a more sophisticated trading experience.

MT5’s improved algorithmic trading capabilities allow users to create and test automated trading strategies with enhanced precision. The platform also features an integrated Economic Calendar and a Depth of Market tool, providing traders with real-time insights into market movements.

TradingView

Eightcap also integrates with TradingView, a powerful charting and trading platform used by millions of traders worldwide. Known for its social trading features, TradingView allows users to share ideas, access community-driven market insights, and utilize advanced technical analysis tools.

With over 100 customizable indicators, drawing tools, and the ability to trade directly from charts, TradingView provides an exceptional trading experience. The platform’s seamless integration with Eightcap’s brokerage services ensures that traders can analyze and execute trades efficiently without leaving the platform.

WebTrader

For traders who prefer a browser-based solution, Eightcap offers WebTrader, an intuitive platform that requires no software downloads. This platform provides access to advanced charting tools, technical indicators, and a variety of order types, making it a convenient option for those who trade across multiple devices.

WebTrader ensures that traders can execute trades seamlessly from any computer with an internet connection. Its user-friendly interface and full integration with Eightcap’s trading accounts make it an excellent alternative to the desktop versions of MT4 and MT5.

Mobile Trading

Eightcap ensures that traders can manage their accounts on the go with its mobile trading solutions. The MT4, MT5, and TradingView mobile apps are designed for both iOS and Android devices, allowing traders to stay connected to the markets at all times.

The MT4 and MT5 mobile apps offer nearly all the features of their desktop counterparts, including real-time charting, market analysis tools, and trade execution. However, they lack biometric or two-step authentication for enhanced security. The TradingView mobile app, on the other hand, provides advanced charting and social trading functionalities, making it an excellent option for traders who engage in community-driven analysis.

Trading Features

Commission and Fees

Eightcap offers a transparent and cost-effective pricing structure, making it a strong choice for traders who prioritize low trading costs. Its model is particularly appealing to high-frequency and algorithmic traders, thanks to tight spreads and competitive commissions.

Trading Fees

Eightcap provides two main account types, each with a different fee setup to accommodate varying trading styles. The Standard Account features no commission, with trading costs built into the spread. For major forex pairs like EUR/USD, spreads typically start from around 1 pip, which is competitive for a spread-only model. On the other hand, the Raw Account is designed for more active traders, offering spreads from as low as 0.0 pips in exchange for a $3.50 commission per side (or $7 round-trip) per standard lot. This model allows traders to benefit from lower total trading costs, especially when executing larger volumes.

Spreads on CFDs such as indices and commodities are also competitive across both account types, though they may widen during periods of low liquidity or high volatility. Additionally, Eightcap applies overnight swap fees for positions held past market close, which vary by instrument and prevailing interest rates. These swap rates are fully visible within the trading platform, helping traders make informed decisions when managing longer-term positions.

Non-Trading Fees

Eightcap maintains a relatively low-cost environment when it comes to non-trading fees. There are no deposit or withdrawal fees charged by the broker, although third-party payment providers may impose charges, especially for currency conversions. Traders are encouraged to check with their bank or payment service in advance to avoid unexpected costs.

The broker does not charge any account maintenance fees. However, an inactivity fee may apply if no trading activity occurs for more than three consecutive months. While this fee is modest, it’s a consideration for traders who plan to take extended breaks.

Overall, Eightcap provides a cost-efficient and flexible pricing model with transparent trading and non-trading fees, allowing traders to manage their strategies without unnecessary financial overhead.

Deposits and Withdrawals

Deposits

Eightcap offers a wide range of deposit methods to accommodate traders globally. With support for multiple currencies and regional payment options, the broker ensures a smooth and accessible funding experience. Importantly, there is no fixed minimum deposit requirement, allowing traders to begin with an amount that suits their trading strategies and risk tolerance.

Traders can deposit funds using various methods, including credit and debit cards, bank wire transfers, and popular e-wallets. While deposits via cards and e-wallets are typically processed instantly or within 24 hours, bank transfers may take three to five business days, depending on the banking institutions involved. Eightcap does not charge fees for deposits, though clients should verify with their payment providers regarding any intermediary charges.

Withdrawals

Eightcap’s withdrawal process is straightforward and efficient, with most requests processed within one business day once the necessary verifications are complete. In compliance with AML regulations, withdrawals must be made using the same method as the original deposit to ensure enhanced security and reduce the risk of fraud.

The broker does not impose internal withdrawal fees, but external providers or banks may charge transaction costs depending on the method used. A minimum withdrawal amount of $50 applies across all payment types, promoting consistency and efficient processing.

Deposit and Withdrawal Methods

Wire Transfer, Credit Card, Debit Card, PayPal, Neteller, UnionPay, Skrill, FasaPay, Bitcoin, Pix, Dragonpay, POLi, and BPay.