Eightcap
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Eightcap
Minimum deposit ($)
100.0
Commission
3.5
Accepting US clients?
Swap free accounts
Segregated accounts
Interest on margin
Managed accounts
Accounts for money managers (MAM, PAMM)
One click trading
API
OCO orders
Trading over the phone
Hedging allowed
Trailing stops
Mobile trading
Scalping allowed
Bonuses
Demo Accounts
Web based trading
Contests
Decimals
5
Minimum lot size
0.1
Maximum lot size
10.0
Spread
Variable
Broker type
STP, ECN, NDD
Maximal leverage (1:?)
500
Phone
+61 3 8373 4800
Fax
-
Availability
Phone, Chat, Email
Email
Address
Level 6, 360 Collins Street, Melbourne, VIC 3000 Australia
Regulation
FCA (UK), CySEC (Cyprus), ASIC (Australia), SCB (The Bahamas)
Trading Platforms
MetaTrader 4, MetaTrader 5, TradingView
Funding/Withdrawal methods
Wire Transfer, Credit Card, Debit Card, Paypal, Neteller, UnionPay, Skrill, BPay, Bitcoin, POLi
Account Currency
USD, GBP, EUR, NZD, CAD, SGD, AUD
Languages
English, Spanish, French, German, Portuguese, Italian, Chinese, Indonesian, Thai, Vietnamese, Korean, Bulgarian
Country
Australia
International offices
Australia, The Bahamas, Bulgaria, China, Cyprus, Vanuatu, United Kingdom, Vietnam
Trading platform(s) timezone
(GMT +10:00) Eastern Australia, Guam, Yakutsk
Other trading instruments
Stocks, Indices, Commodities, Shares, CFDs, Cryptocurrency, Precious Metals
Member Since Oct 27, 2022
1 posts
Nov 13, 2022 at 15:39
noice broker
forex_trader_201340
Member Since Jul 27, 2014
2 posts
Oct 03, 2022 at 12:21
250 ms Servertime in Europe ! Bad Broker.
He tell me the London server is a shield on the server and the Newyork server stand 3 meters away LOL LOL LOL
He tell me the London server is a shield on the server and the Newyork server stand 3 meters away LOL LOL LOL
Member Since Jan 19, 2022
2 posts
Feb 23, 2022 at 01:20
THE BEST BROKER I HAVE EVER USED
Member Since Dec 10, 2020
1 posts
Mar 18, 2021 at 10:10
One of the best brokers I have ever used! Very low spread, and good execution. Customer support is great. The trading conditions they provide are proffesional 😄
Member Since Feb 19, 2018
2 posts
Sep 06, 2019 at 03:56
Retraction of Previous Review regarding Eightcap
To All potential clients of Eightcap
I would like to retract my review as a satisfactory finalization has occurred regarding my case with AFCA against Eightcap.
The dispute is now resolved and the case between myself and Eightcap and AFCA has closed
Thankyou
Mike Frochter
Account Numbers 713069 and 713070
To All potential clients of Eightcap
I would like to retract my review as a satisfactory finalization has occurred regarding my case with AFCA against Eightcap.
The dispute is now resolved and the case between myself and Eightcap and AFCA has closed
Thankyou
Mike Frochter
Account Numbers 713069 and 713070
Member Since Feb 19, 2018
2 posts
Feb 17, 2019 at 09:16
I am writing this to WARN any prospective users to Keep well away from Eightcap Pty Ltd.
DO NOT USE EIGHTCAP – Can’t Trust Them, Keep far away from them.
I have had accounts with Eightcap Australia for 1 and half years and also recommended around 20 people to use them as well. On 22nd Oct 2018 they say a bad tick happened at midnight on their graphs relating to EURNZD currency pair and the price dropped 3000 points at Eightcap but did not drop on any other brokers world wide, Only Eightcap, which I have proof with over 10 other brokers pricing including Saxobank.
My personal account numbers are 713069 and 713070.
Because of this Fake manipulated price error it caused all accounts to go into margin call and then totally wiped out.
Losses are over $570,000 and currently have a claim with AFCA Australian Financial Complaints Authority Case number 600785. Not counting loss of profit for the past 3 months on top of that as well.
I received emails along with everyone else saying they openly admit the error and accounts will be fixed within 2 days. That was nearly 3 months ago and they have ignored any other requests to rectify the accounts like they promised.
Eightcap representative Lynn Guo in compliance department has given many excuses trying to say anything to get out of repaying the amount they owe including blaming liquidity providers for bad pricing data but they are still responsible to their clients.
They are licenced and regulated with ASIC (Australian Securities & Investments Commission) which I am hoping ASIC will investigate for the NON Compliance.
I will be putting a complaint to ASIC but right now I am waiting for AFCA investigation and their meeting with Ombudsman. I will do an update with the progress of this complaint.
I welcome anyone to contact me anytime for more information.
Thankyou Mike F.
DO NOT USE EIGHTCAP – Can’t Trust Them, Keep far away from them.
I have had accounts with Eightcap Australia for 1 and half years and also recommended around 20 people to use them as well. On 22nd Oct 2018 they say a bad tick happened at midnight on their graphs relating to EURNZD currency pair and the price dropped 3000 points at Eightcap but did not drop on any other brokers world wide, Only Eightcap, which I have proof with over 10 other brokers pricing including Saxobank.
My personal account numbers are 713069 and 713070.
Because of this Fake manipulated price error it caused all accounts to go into margin call and then totally wiped out.
Losses are over $570,000 and currently have a claim with AFCA Australian Financial Complaints Authority Case number 600785. Not counting loss of profit for the past 3 months on top of that as well.
I received emails along with everyone else saying they openly admit the error and accounts will be fixed within 2 days. That was nearly 3 months ago and they have ignored any other requests to rectify the accounts like they promised.
Eightcap representative Lynn Guo in compliance department has given many excuses trying to say anything to get out of repaying the amount they owe including blaming liquidity providers for bad pricing data but they are still responsible to their clients.
They are licenced and regulated with ASIC (Australian Securities & Investments Commission) which I am hoping ASIC will investigate for the NON Compliance.
I will be putting a complaint to ASIC but right now I am waiting for AFCA investigation and their meeting with Ombudsman. I will do an update with the progress of this complaint.
I welcome anyone to contact me anytime for more information.
Thankyou Mike F.
