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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
* STANDARD account shown.
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 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
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
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
CFD's Yes
Metals Yes
Oil Yes
Stocks Yes
Indices Yes

EightCap Reviews

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