Eightcap

Australia-based broker Eightcap offers its trading services through MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView platforms. One of the standout features of Eightcap is the ability to open two trading accounts simultaneously, with access to 1,000+ trading instruments across multiple markets.

This detailed Eightcap Review covers key aspects such as trading costs, leverage options, mobile app performance, and the demo account experience.

What sets Eightcap apart is its competitive pricing, a diverse range of trading assets including forex, commodities, indices, and stocks, and exceptional customer support that efficiently handles client queries.

Whether you’re a seasoned trader or just starting your trading journey, Eightcap provides a flexible, user-friendly, and well-supported environment to help you make the most of the forex market.

Eightcap Broker Overview

Eightcap began its journey with a clear mission — to deliver top-tier trading services to aspiring and professional traders alike. This vision has remained at the heart of the company’s growth, helping it expand globally and earn a strong reputation in the trading industry. Today, Eightcap offers access to over 800 trading instruments, including forex pairs, stocks, commodities, and indices, reflecting its commitment to providing an exceptional trading experience.

Over the years, Eightcap has earned multiple prestigious awards, recognizing its excellence and innovation. Notable accolades include Best CFD Broker in Australia (2022), Most Innovative Affiliate Program, and Best Crypto Broker, along with honors for outstanding customer service and support. These achievements highlight the broker’s dedication to continuous improvement and client satisfaction.

Eightcap also ensures traders have access to industry-leading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, reinforcing its focus on innovation and usability.

Since its establishment, Eightcap has stayed true to its founding goal — to be among the top global forex and CFD brokers, empowering traders with the best tools, technology, and support in the market.

Eightcap Review: Quick Summary

Eightcap Review Regulations

Having been successfully established in multiple jurisdictions, the broker attests to its success in meeting the highest standards of transparency, security, and accountability. Eightcap is a regulated member from four jurisdictions: ASIC, CySEC, FCA, and SCB.

The broker operates under Eightcap Pty Ltd name with the license number ABN 73 139 495 944. They follow the rules set by the Australian Securities and Investments Commission (ASIC), which makes sure companies in Australia do things correctly. They have a license number (AFSL 391441) that proves they follow ASIC’s rules. Their office address in Australia is The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia.

In the United Kingdom, Eightcap Group Ltd is part of Eightcap. They are duly regulated by the Financial Conduct Authority, the UK regulatory body for all financial activities. Their registration no. (FRN 921296) shows their conformity to standards laid by FCA. The head office is located at 40 Gracechurch Street, London, EC3V 0BT.

In Cyprus, a branch of Eightcap has been established as Eightcap EU Ltd. This organization adheres to the set guidelines and regulations by the CySEC, which is a recognized authority in Cyprus over all financial activities. It is licensed under number 246/14, proving its credibility by CySEC. Their office is at Anexartisias 187, 1st floor, 3040 Limassol, Cyprus, which clearly indicates their transparency.

In The Bahamas located at Sandyport, Nassau, Eightcap follows rules from The Securities Commission of The Bahamas (SCB), which makes sure companies follow the regulation in the country. They have an office at 208 Church Street, Sandyport, Nassau, The Bahamas. They use the name SIA-F220, which means they follow SCB’s rules.

All these regulatory bodies shows that Eightcap wants to do things correctly and responsibly in different parts of the world.

 

Eightcap Review: Account Types

Eightcap mainly offers two types of accounts, Raw and Standard accounts. Additionally, they also offer TradingView account. However, all these accounts have different features. These also feature Islamic account. Let’s get to know each account type.

• Raw Account: It is good for a person whose main trading activity is the forex CFD trading, or a user experienced enough in general currecny exchange trading. You will be able to access the widest, beginning at minimum, which is 0.0 pips, spreads by this account type. The minimum amount deposited to hold such an account is $100 while the smallest lot is 0.01 depending on the instrument. Such an account also is appropriate for EAs, automated programs that help you trade.
• Standard Account: You can take advantage of trading without paying an extra fee, and you’ll have really small price differences, starting from 1.0 pips. You can begin trading now with at least $100, and even if you want to make a small trade (0.01, depending on what you’re trading), you can do that. This account also works well with EAs, which are tools that can help you trade automatically.
  
  Both these accounts require a minimum deposit of $100, which should be an expense that most traders should be able to afford. This is even lesser in comparison to most options like IC Markets with $200 minimum deposits. The two accounts allow trades starting as low as 0.01 size. Maximum leverage for Australian,UK and EEA clients is 1:30, but for the rest, it’s 1:500.
  
  The big difference between the two accounts is how they charge you. The Standard account doesn’t ask for any extra money, but the Raw account adds A$7 for each standard lot you trade. Now this account offers lesser price differences in return for it. Both of these accounts are offered in the seven different currencies which are AUD, USD, EUR, GBP, NZD, CAD, and SGD. This is good news to make it easier for different traders from different countries, for example, Canada, to work with their trading and account in their currency.
• TradingView Account: When you have a TradingView account, you join the biggest trading community globally. You can use a really advanced tool to make charts, and there’s a special Pine-Script language you can use. They also give you trading ideas every day, offer webinars to learn more, and even let you create your own indicators. You can start trading with as little as $100, and you’ll get really low spreads.

 

 

Take the Benefits of TradingView with Eightcap

Trading with Eightcap is made even more seamless and insightful through the integration with TradingView, a unique charting platform that empowers traders with diverse tools and resources. You can chart your trade in TradingView by using one of more than 15 chart types: Kagi, Renko, Point & Figure, and many others. Use 1 to 8 charts per tab with symbols and time intervals to sync, and take advantage of over 90 smart drawing tools all available for analysis. TradingView is also pretty flexible, enabling you to trade in and out without losing the pace whether you are at home or when you are away. The TradingView mobile app on iOS or Android connects your Eightcap account, making it easier to switch operations into your mobile.

Up your game by accessing a colossal range of premium technical indicators as well as many popular pre-packaged measuring tools based on the industry’s standards. Pick from over 100,000 indicators crafted by your fellow community members; there’s a number of tools to modify your trading strategy. Besides that, with TradingView, one can also develop one’s own indicators using Pine-Script, a language developed by the site itself.

Exchange ideas with fellow CFD traders, get new trading ideas through discussion with other traders, and get help from the community. Get alerts on everything with TradingView and you will never miss a shift in a market. Alerts can be configured for different types, such as price levels or some indicators, even for custom indicators. Create at least 10 varying alert configurations in every category so that you are always aware of potential opportunities in the market.

To start trading with Eightcap directly from TradingView, follow three simple steps. Begin by creating an account with Eightcap; opt for TradingView as your platform during the application process. Next, open a chart on TradingView and visit the ‘Trading Panel’ tab. Finalize everything by selecting Eightcap from the list offered and following the prompts to connect your new Eightcap account details. Sit back and enjoy the convenience of trading directly from your account through TradingView.

Eightcap makes its integration with TradingView a lot more beneficial for you, providing all-round educational resources to enrich your trading experience. Tap into Eightcap Labs to find the sweet spot between theory and practice, grow into a better trader, and give it all that you’ve got. Take part in Trade Zone and find inspiration and expert insights for your weekly trade ideas/market forecasts/mid-week commentary webinars. Setup your steps and register, create an account, and begin your trading adventure. Enjoy low spreads and access to over 800 financial instruments. Trade with Eightcap and TradingView and enjoy trading like never before.

Eightcap Review: Assets & Markets

We thought Eightcap has a really good range of instruments you can trade. They have a lot of different options, especially when it comes to buying shares from big and well-known companies in the US, UK, Australia, and Europe. They also offer more chances to trade cryptocurrencies compared to other brokers.

According to it, you can trade in a whole range of assets, including 40 major, minor and exotic forex currency pairs. They provide share CFDs for more than 500 popular companies spread over the US (NASDAQ and NYSE), UK (LSE), Germany (EXTRA), and Australia. Cryptographic aficionados will have more than 250 crypto pairs available for trading, including cross pairs and indices. In addition, you will find access to 10 of the most well-known index CFDs, like the US30, UK100, and SPX500. Commodities like gold, silver, and oil CFDs are also made available for trading purposes to add variety into one’s trading strategies.

Eightcap Broker Review: Spreads & Commissions

We noticed that the differences between buying and selling prices (spreads) were really small and could change. For important currency pairs like Raw Account, the Eightcap spread could start at 0 pips. For big stock market numbers like SPX500, it could start at 0.4 points. If you’re trading gold, the spread might start at 0.12 USD, and for oil, it could be 0.03 USD.

The costs of trading cryptocurrencies can be different. The spread could be as low as 0 USD for Bitcoin Cash, while for Bitcoin, it might go up to 31.2 USD. When it comes to shares, the spread is about 0.02 USD for each share you buy or sell. For a full trade (buy and sell), it’s around 4 USD per share.

 During the market movement, there is a chance that spreads can be wider. Additionally, this can be happened if there are traders in the market.

On the Raw account, they ask for a fee of 3.50 USD for each full trade you make. This fee is quite competitive.

If you’re trading forex overnight (keeping a trade open while you sleep), there might be some extra costs called swap rates.

Eightcap Review: Deposit and Withdrawals

Eightcap broker offer you many ways to put money into your account. Just pick the way you like best, say how much you want to add, and then wait for them to confirm that they got the money. You can fund through different ways such as credit or debit card, UnionPay, Cryptocurrency and more depending on your country of residence.

Eightcap doesn’t charge any extra fees when you put money into your account or withdraw, but remember that the method you use might charge you for making the transaction or for doing it across different countries.

Whenever you want to take money out, Eightcap’s Finance team will check it first, and this could take 1-2 business days. Once they are done on their side, the money will come to you based on the time they said it would take.

When a broker uses the word “instant,” it implies that the transaction is complete automatically and takes place in a matter of seconds, without any intervention from the finance department. Never forget that Eightcap broker will never tack on any hidden costs when you fund your account.. If you’re sending money from a bank or card that’s not in Australia, there might be extra fees from those banks or conversion fees. If there are, you’ll have to pay them.

Please make sure that the name on the bank account or card matches the name on your Eightcap trading account. If it’s a shared account, that’s okay as long as one of the names matches our records. Eightcap can’t take money from someone else for you, and they don’t accept cash payments directly.

Regardless of the time, you can fund you trading account whenever you want. If a deposit doesn’t happen right away, Eightcap tries to finish it within one day of business hours. If there are problems with the payment systems, and it takes longer than expected, they are not responsible for those delays. If you’re moving money between your accounts with the same name, it happens instantly. In some countries, they may inform you of specific regulations regarding the use of specific payment methods.

It is important to utilize the same wallet address when withdrawing funds from a cryptocurrency wallet as when adding funds. In such case, they will want further identification, such as a recent photo of your ID or passport, the new address of your cryptocurrency wallet, and a short video of your face, to confirm that you are the account holder.

Trading Platform

Our testing of Eightcap’s various trading platforms revealed that they are top-notch. Many people use their popular ones, such as MetaTrader 4 and MetaTrader 5. Plus, they have Capitalise.ai software, which is even cooler. It allows you to automate your strategies. The fact that you can choose the platform that best suits your trading style and goals (such as scalping) is a huge plus.

MetaTarder 4

If you want to trade online, you should use the Eightcap MT4 platform. Commodities (such as oil or gold) and indices (forex) are among the investment options. It allows you to make trades automatically and is straightforward to use. You won’t believe how useful the charts are. Everyone, but especially newcomers, should check out this platform. It has some awesome features:

• You may view the prices and the status of objects across various time intervals, such as one hour or one day./span>
• You can draw lines and stuff on the charts, plus there are thirty pre-made indicators to assist you comprehend the market.
• To aid in trading, you might make use of trading robots that adhere to specific guidelines. This group is known as Expert Advisors (EAs).
• Diverse kinds of purchase and sale orders can be put up, and they can occur in various ways.
• In the Market Watch section, you may view prices in real-time.
• A single click will take you to the trade button.
• By looking at previous eras, you can learn about trends and patterns.

MetaTrader 5

MT5 is great if you want to do even more with your trading. It covers more types of assets and gives you more tools to use. After upgrading from MT4, you’ll have even more options with the new MetaTrader 5 (MT5) Eightcap platform. You have the option to trade cryptocurrencies, indices, stocks, commodities, and currency. It’s somewhat similar to MT4, but with more power. Some of the awesome features it offers are:

• You can view the prices and performance across 21 distinct time intervals, such as 15 minutes or a week
• To help you better understand the market, there are 38 technical indicators at your disposal, and the charts allow you to design more than 40 distinct forms.
• You can program automated trading bots and evaluate their performance with past data.
• There are a total of six distinct order types for buying and selling, and four distinct ways to put these orders into action.
• One option allows for lightning-fast trading, while another, Advanced Market Depth, shows you the volume of buyers and sellers.
• Among other things, you have access to up-to-date financial news and an economic calendar that highlights key dates.
• In the Market Watch area, you can see prices as they happen.
• You have the option to employ “netting” or “hedging” tactics to manage your trades.
• There is a community chat feature where you can talk to other traders. • Traders can access historical data to see how things were in the past.

Eightcap Review WebTrader

Eightcap also offers WebTrader variant of MT5 (depending on country of residence). You can utilize it straight from their website; you have no need for downloading anything. It boasts all the identical characteristics of the one you would download to your computer. Starting trading and connecting with the financial markets is quick and easy this way.

Eightcap Review: Customer Support

Our research and experience with Eightcap found that the broker’s customer service is highly efficient. When we tried the live chat, we talked to an agent in less than a minute, which is faster than most other forex and CFD brokers. You can contact them 24/5 via phone call, email and live chat.