- Slim product selection
- Limited research and education
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.
Eightcap Feature
| 🔎 Feature | 🥇 Eightcap |
| Year Founded | 2009 |
| Publicly Traded | None |
| Regulation | ASIC,FCA,CySEC,SCB |
| Country of Regulation | Australia,UK,Europe,Bahamas |
| Suited to Professionals | ✅Yes |
| Suited to Active Traders | ✅Yes |
| Suited to Beginners | ✅Yes |
| Most Notable Benefit | Low spreads and access to a wide range of trading instruments |
| Most Notable Disadvantage | Limited regulatory coverage (only regulated in Australia and SVG) |
| Account Segregation | ✅Yes |
| Negative Balance Protection | ✅Yes |
| Investor Protection Schemes | ✅Yes |
| Institutional Accounts | ✅Yes |
| Managed Accounts | ✅Yes |
| Minor Account Currencies | ✅Yes |
| Minimum Deposit | 100 USD |
| Average Deposit Processing Time | Instant (varies by method) |
| Average Withdrawal Processing Time | 1-3 business days |
| Fund Withdrawal Fee | No withdrawal fee |
| Spreads From | 0.0 pips |
| Commissions | Yes (depends on account type) |
| Number of Base Currencies | 6 |
| Swap Fees | ✅Yes |
| Leverage | Up to 500:1 |
| Margin Requirements | Varies by instrument and account type |
| Islamic Account | ✅Yes |
| Demo Account | ✅Yes |
| Order Execution Time | 0.1 seconds |
| VPS Hosting | ✅Yes |
| Total CFDs Offered | 1,000+ |
| CFD Stock Indices | ✅Yes |
| CFD Commodities | ✅Yes |
| CFD Shares | ✅Yes |
| Deposit Options | Bank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin |
| Withdrawal Options | Bank Transfer, Credit/Debit Card, eWallets (Skrill, Neteller, etc.), Bitcoin |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), WebTrader |
| OS Compatibility | Windows, MacOS, iOS, Android |
| Forex Trading Tools | Technical analysis tools, Expert Advisors (EAs), VPS hosting |
| Live Chat | ✅Yes |
| Support Email | [email protected] |
| Contact Number | +61 3 8592 2375 |
| Social Media | Facebook, Twitter, LinkedIn, YouTube |
| Languages | English, Chinese, Arabic, Spanish, and others |
| Forex Course | ✅Yes |
| Webinars | ✅Yes |
| Education | Market analysis, guides, tutorials |
| Affiliate Program | ✅Yes |
| IB Program | ✅Yes |
| Acts as Sponsor | ✅Yes |
| Rebate Program | ✅Yes |
| Open an Account | 👉 Click Here |
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.
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.
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.
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.
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.
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.
