EightCap Review
Australia-based Eightcap, founded in 2009, is a well-established forex broker, serving more than 80,000 clients across the globe. It offers traders multi-market access to trade more than 800 financial assets – including forex, stocks, commodities, and an exceptionally wide selection of cryptocurrencies that is notably much larger than what can be found at other forex brokers – numbering in hundreds rather than in dozens.
At Eightcap, traders have the flexibility to choose between spread-fees-only or commission-fees-only trading accounts, both offering low trading fees. The variable spreads on the Eightcap Raw account start at an impressive 0.0 pips. Overall, both account options provide cost-effective trading, with the Raw account boasting a competitive commission rate, while the Standard account consistently offers favorable trading spreads compared to industry averages.
Eightcap offers clients access to a choice of trading platforms - MetaTrader 4, MetaTrader 5, and TradingView – available as desktop programs, web trader programs, and mobile apps.
The trader education resources and financial market news resources provided by Eightcap are somewhat meagre. However, it does provide a generous amount of market analysis and trade suggestions on a regular basis throughout each trading week.
Eightcap has captured numerous industry awards from various industry entities over the decade-plus that it’s been doing business, including the following:
- Best CFD Broker Australia- Best Crypto Broker
- Best MT4/MT5 Broker
Some of the features that make Eightcap an attractive broker include personal account managers assigned to each client, advanced order types available, and access to social trading and copy trading. A good selection of helpful trading tools includes trading aids such as Capitalise.ai, which enables traders to create automated trading algorithms using plain language rather than computer coding.
Eightcap has a spotless record with all of the financial regulatory authorities that govern its operations in various jurisdictions, and a very favorable rating (4.3 out of 5) at TrustPilot.com
Traders looking for a reliable forex broker offering multi-asset class trading may find a comfortable home at Eightcap.
Typical Spread on Majors
| EUR/USD | 1.0 |
| GBP/USD | 1.5 |
| USD/JPY | 1.2 |
- Company Info
| Headquarters | Melbourne, Australia |
| Type of Broker | STP & ECN/STP |
| Founded | 2009 |
| Regulated By | Regulated By ASIC (Australia), CySEC (Cyprus), FCA (United Kingdom), SCB (Bahamas) |
| Offices In | Australia, United Kingdom, Bahamas, Cyprus |
| Supported Languages | English, German, Spanish, French, Italian, Malaysian, Portugues, Thai, Chinese, Inonesian, Taiwanese |
| ESMA Regulation ? | This broker is regulated within the E.U and may be subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
- Account Details
| Account Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD |
| Minimum Deposit | $100 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | No |
| ECN / STP Accounts Offered | Yes |
| Commission on STP or ECN | $3.50 / Lot per side (Raw Account) |
| VIP Accounts Offered | No |
| Mini Accounts Offered | Yes |
| PAMM / MAM Solutions | Yes |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, BPAY |
| Withdrawal Methods | Credit/Debit Cards, Wire Transfer, Skrill, Neteller, BPAY |
- Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 5, MetaTrader 4 Mobile, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5 Android, MetaTrader 5 iOS, WebTrader |
| NO of Pairs | 56 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | No |
| Trading Server Time | GMT + 2 |
| Demo Account Expiry | 30 Days |
| VPS Offered | No |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 500:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Excecution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | Yes |
| Option of FIFO | Yes |
| Liquidity Providers | 4+ |
| Negative Balance Protection | No |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Stocks | Yes |
| Indices | Yes |
EightCap Reviews
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