Eightcap Review

Eightcap is a trusted broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ financial instruments. It is regulated by one tier-1 regulator (highest trust) and one tier-3 regulator. Eightcap has a trust score of 96 out of 100.

🛡️Regulated and trusted by the ASIC, FCA, CySEC, and, the SCB.
🛡️2100 new traders chose this broker in the last 90 days.
🛡️Available for global Traders.

Overview

Eightcap is a well-established Forex and CFD broker, founded in 2009, offering a wide array of trading instruments with competitive spreads and multiple account options. The broker is regulated by leading authorities such as ASIC, FCA, CySEC, and SCB, ensuring a secure and trustworthy trading experience.

With strong customer support, various deposit and withdrawal methods, and powerful platforms like MetaTrader 4 and 5, Eightcap caters to both novice and experienced traders. However, its regulatory coverage in some regions might be a concern for certain traders.

Frequently Asked Questions

What are the spreads like at Eightcap?

Spreads begin at 0.0 pips.

How long does it take for Eightcap to process deposits?

Deposits are processed instantly, although this may vary depending on the method.

How long does it take to withdraw funds from Eightcap?

Withdrawals typically take 1-3 business days.

Does Eightcap offer negative balance protection?

Yes, negative balance protection is provided.

Our Insights

Eightcap is a top choice for active and professional traders, offering leverage up to 500:1, ultra-low spreads starting at 0.0 pips, and access to over 1,000 CFDs, including stock indices, commodities, and shares. With features like VPS hosting, lightning-fast order execution (0.1 seconds), and a wealth of educational resources and analysis tools, Eightcap is tailored for high-frequency trading and seasoned traders.

Detailed Summary

Frequently Asked Questions

Can I use Expert Advisors (EAs) on Eightcap?

Yes, Expert Advisors (EAs) are supported on MetaTrader platforms.

Does Eightcap offer an affiliate program?

Yes, Eightcap has an affiliate program.

Is there an Islamic account option at Eightcap?

Yes, Islamic accounts are available at Eightcap.

Which deposit options are available at Eightcap?

Eightcap accepts bank transfers, credit/debit cards, eWallets (Skrill, Neteller), and Bitcoin.

Our Insights

Eightcap is a strong option for beginners as well, with a user-friendly platform, demo accounts, and valuable educational resources like forex courses and webinars. The minimum deposit requirement is just $100, making it accessible, and the low fees and instant deposit processing further enhance its appeal. However, the broker’s regulatory coverage is mainly limited to Australia and St. Vincent and the Grenadines, which could be a concern for those seeking a fully regulated global broker.

Safety and Security

Eightcap, established in 2009 and originally founded in Melbourne, Australia, is a globally recognized CFD broker known for its commitment to providing excellent financial services. It has built a strong reputation for offering a seamless trading experience, competitive spreads, a diverse range of instruments, and outstanding customer support.

Regulated in multiple jurisdictions, including ASIC, FCA, CySEC, and SCB, Eightcap prioritizes maintaining a secure and reliable trading environment for traders around the world. With a focus on customer satisfaction, advanced trading tools, and educational resources, Eightcap is a top choice for traders of all levels.

Frequently Asked Questions

Is Eightcap regulated?

Yes, Eightcap is regulated by ASIC (Australia), FCA (UK), CySEC (Cyprus), and SCB (Bahamas), ensuring a secure trading environment across multiple regions.

What awards has Eightcap received?

Eightcap has earned several prestigious awards, including Broker of the Year 2023 at the Global Forex Awards and Best Forex Trading Support in 2021 and 2022.

What is Eightcap’s mission?

Eightcap’s mission is to empower traders by offering cutting-edge technology, personalized service, and a reliable trading environment for a smooth and seamless trading experience.

What customer service recognitions has Eightcap received?

Eightcap was named Best Customer Service Broker in 2021 by Global Brands Magazine and received Best Forex Trading Support awards in 2021 and 2022 from the Global Forex Awards.

Our Insights

Eightcap shows a strong commitment to safety and security with its regulation in multiple respected jurisdictions, such as ASIC, FCA, CySEC, and SCB. These regulations ensure that the broker operates under strict rules designed to protect client funds and maintain fair trading practices.

Additionally, Eightcap offers account segregation, negative balance protection, and investor protection schemes, further strengthening its security measures. With these robust safeguards and regulatory standards in place, Eightcap provides a reliable and secure trading environment for all traders.

Partnership Options

Eightcap Partners offers a strong affiliate program, allowing you to collaborate with a globally trusted CFD broker. With over 20 years of affiliate marketing experience, Eightcap provides partners with exceptional marketing and operational support. As a leading name in the Forex industry, Eightcap has a solid reputation and a worldwide client base.

The partnership program focuses on high conversion rates, flexible compensation, and access to a wide array of tools designed to boost your business. With low spreads and a reliable trading platform, Eightcap is the ideal partner for affiliates looking to elevate their business.

Frequently Asked Questions

What is Eightcap Partners?

Eightcap Partners is an affiliate program that enables businesses and marketers to collaborate with Eightcap, a trusted CFD broker, and earn commissions by bringing in new clients.

What support does Eightcap Partners provide?

Eightcap Partners offers comprehensive support, including marketing strategies, design resources, reporting systems, and operational tools to help affiliates succeed.

What makes Eightcap a trusted partner?

Eightcap is a globally recognized broker with over 20 years of experience, offering low spreads, reliable infrastructure, and strong client support.

How does the Eightcap partnership program work?

The program offers flexible remuneration and high conversion rates. Partners also gain access to various marketing tools such as trading indicators, Expert Advisors (EAs), and trading competitions.

Our Insights

Eightcap Partners is a fantastic choice for those looking to build a successful affiliate business. With more than two decades of affiliate marketing expertise and comprehensive support, Eightcap equips partners with the tools they need to thrive.

The program’s emphasis on high conversion rates, flexible compensation, and the backing of a globally trusted broker with a reliable trading platform makes Eightcap a top-tier option for affiliate marketers seeking to grow their business.

Minimum Deposit and Account Types

Eightcap offers a range of flexible accounts designed to meet various trading needs. With a low minimum deposit of just $100, these accounts are suitable for traders at all skill levels, from beginners to professionals. Traders can choose between accounts with raw spreads, commission-free trading, or access to advanced charting tools, ensuring they can select the option that best aligns with their trading strategy.

These accounts are also compatible with Expert Advisors (EAs) and scalping, making them versatile for different trading styles. Additionally, the demo account feature allows traders to explore Eightcap’s platform risk-free.

Frequently Asked Questions

What is the minimum deposit required for each account type?

The minimum deposit for all account types—Raw, Standard, and TradingView—is $100.

Which account type is best for beginners?

The Standard Account is ideal for beginners, offering commission-free trading with spreads starting at 1.0 pips, making it easier to understand and manage costs.

What’s the difference between the Raw Account and Standard Account?

The Raw Account has spreads starting at 0.0 pips but charges a commission, making it more suitable for experienced traders who seek tighter spreads. The Standard Account has spreads starting at 1.0 pips and is commission-free, making it simpler for casual traders.

Can I use Expert Advisors (EAs) with these accounts?

Yes, all account types—Raw, Standard, and TradingView—are compatible with Expert Advisors (EAs), enabling automated trading.

Our Insights

Eightcap offers great flexibility with a low minimum deposit of $100 for all account types, making it accessible for traders of all experience levels. Whether you’re a beginner or a professional, Eightcap’s diverse account options allow you to tailor your trading experience to your needs.

How to Open an Eightcap Account

1. Step 1: Visit the Eightcap Website

Go to the official Eightcap website: https://www.eightcap.com.

2. Step 2: Click on “Open Account”

On the homepage, click the “Open Account” button to begin the registration process.

3. Step 3: Fill in Your Details

You’ll be asked to provide your personal information, including:

• Full name
• Email address
• Phone number
• Residential address
• Date of birth (to confirm you are over 18)

4. Step 4: Choose Your Account Type

Select the account type that best suits your trading preferences:

• Raw Account (for tight spreads and commissions)
• Standard Account (commission-free, straightforward pricing)
• TradingView Account (for advanced charting and analysis)

5. Step 5: Upload Verification Documents

To meet regulatory requirements, you’ll need to upload the following documents:

• Proof of identity (passport, driver’s license, or national ID card)
• Proof of address (utility bill, bank statement, or government-issued letter)

6. Step 6: Fund Your Account

Once your account is verified, you can deposit funds. The minimum deposit is $100, and you can use several payment methods:

• Bank transfer
• Credit/Debit card
• eWallets (Skrill, Neteller, etc.)
• Bitcoin

After funding your account, you can start trading. Download MetaTrader 4 (MT4) or MetaTrader 5 (MT5), use the WebTrader, or try a demo account before going live.

Trading Platforms and Tools

Eightcap provides three trading platforms: TradingView, MetaTrader 5 (MT5), and MetaTrader 4 (MT4), each tailored to different trader needs.

• TradingView: A web-based platform with advanced charting, over 100 indicators, 1,000+ symbols, and a strategy tester.
• MetaTrader 5 (MT5): An enhanced version of MT4, featuring 21 timeframes, 38 indicators, and unlimited symbols—perfect for trading multiple markets.
• MetaTrader 4 (MT4): A popular, user-friendly platform offering 9 timeframes, 30 indicators, and 1,024 symbols, ideal for beginner traders.

All platforms are available on Windows, macOS, iOS, Android, and web browsers.

Frequently Asked Questions

Which platform is best for advanced charting and analysis?

TradingView is the best option for advanced charting and analysis, offering over 100 indicators and a strategy tester for optimizing your trading strategies.

Can I use MetaTrader 4 or MetaTrader 5 on my mobile device?

Yes, both MT4 and MT5 are available for mobile devices (iOS and Android), allowing you to trade on the go.

Is there a strategy tester available on TradingView?

TradingView includes a strategy tester that allows traders to backtest and optimize their strategies.

Are the platforms available on all devices?

All three platforms (TradingView, MetaTrader 4, and MetaTrader 5) are accessible on Windows, macOS, iOS, Android, and web browsers.

Our Insights

Eightcap offers a range of top-tier trading platforms suited to different trading styles. TradingView excels with its advanced charting tools and strategy tester, making it ideal for traders focused on technical analysis.

Markets Available for Trade

Eightcap offers a wide range of over 800+ instruments across multiple asset classes, providing access to some of the most popular markets globally. Whether you’re interested in forex pairs like EUR/USD, commodities like Gold, or indices such as Nasdaq and Wall Street 30, Eightcap has a diverse selection to cater to your trading needs.

Traders can take advantage of tight spreads, some starting as low as 0 pips, making it cost-effective to trade in major markets.

Frequently Asked Questions

What forex pairs can I trade on Eightcap?

You can trade popular forex pairs such as EUR/USD, GBP/USD, and USD/JPY, with spreads starting as low as 0 pips.

What commodities are available for trading?

Eightcap offers Gold (XAU/USD) with a spread of 1.2 pips and WTI Crude Oil (USOUSD) with spreads starting from 3 pips.

Which indices can I trade on Eightcap?

You can trade indices like US30 (Wall Street 30 Cash), NDX100 (Nasdaq Cash), and UK100 (UK 100 Cash), with spreads starting from 12 pips.

Are there any other instruments available for trading?

Yes, Eightcap also offers cryptocurrencies, allowing you to trade popular digital assets alongside forex, commodities, and indices.

Our Insights

Eightcap stands out with its extensive range of 800+ instruments, covering major forex pairs, commodities, indices, and cryptocurrencies. With competitive spreads and access to some of the most liquid markets globally, it is an excellent choice for traders seeking diversity and low-cost trading. Whether you’re a beginner or an experienced trader, Eightcap’s broad asset selection ensures there are markets suited to your trading strategy.

Fees, Spreads, and Commissions

Eightcap provides competitive and transparent pricing with a range of account types designed to suit different trading styles. The Raw Account offers the tightest spreads, starting from 0.0 pips, but includes a commission. The Standard and TradingView accounts provide commission-free trading, although with slightly higher spreads.

The ability to choose between commission-based or commission-free accounts makes Eightcap an attractive option for traders who prioritize transparency and cost efficiency. Furthermore, scalping and the use of Expert Advisors (EAs) are fully allowed, enhancing the overall trading experience.

Frequently Asked Questions

What are the spreads on each account type at Eightcap?

The Raw Account offers spreads starting from 0.0 pips, while both the Standard Account and TradingView Account offer spreads starting from 1.0 pips.

Are there any commissions on the Standard Account or TradingView Account?

No, both the Standard Account and TradingView Account are commission-free, except for shares, which incur a commission.

What is the commission on the Raw Account?

The Raw Account charges a commission of 3.5 AUD, USD, NZD, SGD, or CAD per lot, or 2.25 GBP, 2.75 EUR per standard lot.

Do I pay additional fees for scalping or using EAs?

No, scalping and the use of Expert Advisors (EAs) are permitted on all account types without any additional fees.

Our Insights

Eightcap offers competitive and transparent pricing with a variety of account options tailored to different preferences. The Raw Account delivers the tightest spreads starting at 0.0 pips but comes with a commission, while the Standard and TradingView accounts provide commission-free trading with slightly wider spreads. This flexibility makes Eightcap a strong choice for traders seeking cost-effective and transparent trading conditions.

Deposit and Withdrawal

Eightcap provides a wide range of deposit and withdrawal methods, allowing traders to fund their accounts quickly and conveniently. Available payment options include Visa/Mastercard, PayPal, Wire Transfer, Skrill, Neteller, and Cryptos (Bitcoin, USDT), catering to traders worldwide.

Most deposits are processed instantly, while withdrawals typically take 1-5 business days depending on the method used. Eightcap does not charge internal fees for transactions, although third-party fees may apply.

Frequently Asked Questions

What deposit methods are available on Eightcap?

You can deposit using Visa/Mastercard, PayPal, Wire Transfer, Skrill, Neteller, Cryptos (Bitcoin, USDT), and more.

Are there any fees for deposits and withdrawals?

Eightcap does not charge internal fees, but third-party payment providers may charge fees, which are passed on to the user.

How long does it take for a withdrawal to process?

Withdrawals usually take 1-5 business days, depending on the chosen payment method.

Can I withdraw to a different payment method than my deposit?

Withdrawals are generally processed using the same method as the deposit. If multiple methods were used for deposits, funds may be returned to the original method first.

Our Insights

Eightcap offers flexible and convenient deposit and withdrawal options, including instant deposits through various methods. With no internal fees for transactions and a wide selection of global payment solutions, the platform ensures easy access to your funds. Processing times are reasonable, and the variety of available payment methods makes managing your account simple, no matter where you are.

Customer Reviews

🥇 Exceptional Service and Trading Conditions!

I’ve been trading with Eightcap for over a year now, and I couldn’t be happier with the service. The platforms are user-friendly, and I love the flexibility between commission-based and commission-free accounts. The spreads are super tight, and I can easily execute trades with low costs. The customer support is always prompt and helpful too. A reliable and trustworthy broker for both beginners and seasoned traders! – Kelly

🥈 Great Platform for Beginners

I just started trading and was looking for a platform that was easy to use and offered educational resources. Eightcap has been amazing for me. The demo account helped me get comfortable without the pressure of real money, and the tutorials and webinars have been informative. Plus, I was able to get started with just a $100 deposit, which made it very accessible. I’m impressed with the support and the overall experience so far! – Vince

🥉 Fast Withdrawals and Excellent Customer Support.

One of the biggest advantages of trading with Eightcap is the smooth deposit and withdrawal process. I’ve been able to quickly fund my account, and withdrawals are processed within a few business days. Their support team is top-notch and always available when I have questions. I also appreciate the variety of instruments available for trading, and the platforms are all easy to navigate. I would highly recommend Eightcap to anyone looking for a reliable broker. – Elize

Pros and Cons

References:

• About Us
• Trading Costs
• Accounts

In Conclusion

Eightcap is a well-established Forex and CFD broker that has been operating since 2009. It offers a wide range of trading instruments, including over 800 assets across forex, commodities, indices, and cryptocurrencies. With competitive pricing, tight spreads, and flexible account options, Eightcap caters to both beginner and professional traders.

The broker is regulated in multiple jurisdictions, ensuring a secure and trustworthy trading environment. Its advanced platforms, such as MetaTrader 4, MetaTrader 5, and TradingView, offer powerful tools for traders of all levels.

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