Our researchers open personal brokerage accounts and test all available platforms on desktop, web, and mobile for each broker reviewed on ForexBrokers.com. You can trade key commodities such as Gold (XAU/USD) and WTI Crude Oil (USOUSD). Gold trades with a spread of 1.2 pips, while oil starts from 3 pips, giving traders a straightforward way to diversify their portfolios. Eightcap blends robust regulation with cutting-edge trading technology, positioning itself beyond the role of a standard broker.
The EUR/USD pair is the most liquid and heavily traded currency pair, making it the best benchmark for spreads and commissions. Any forex broker that offers consistently low costs on EUR/USD will typically provide competitive pricing across other major, minor and exotic pairs as well. Lower costs mean that more of your profits stay in your pocket, and over time this can lead to significant savings, as less of your earnings are lost to fees. The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, eightcap broker review plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. Level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using…
Based on these reviews
After trading on both Eightcap’s Standard and Raw accounts, I can confidently say their pricing structure caters to different trading styles, but each has its trade-offs. Standard spreads without commission fees, accessible on MetaTrader and TradingView, and tighter raw spreads accompanied by commission fees, available exclusively on MetaTrader platforms. We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
Is Eightcap regulated?
Eightcap Labs is a comprehensive educational platform designed to support traders at all levels. It offers a rich library of nearly 300 resources, including articles, eBooks, and strategy guides, covering topics from trading fundamentals to advanced techniques. The content is tailored to various experience levels, ensuring that both beginners and seasoned traders can find valuable insights to enhance their trading skills. Eightcap delivers clear and competitive pricing across multiple account types. Traders can select between tight spreads with commissions or commission-free trading with slightly wider spreads, offering flexibility, cost control, and full support for advanced strategies like scalping and EAs.
Why you should trust us
Eightcap Labs offers a diverse range of educational materials, including articles, eBooks, and strategy guides. These resources cover topics such as trading fundamentals, technical and fundamental analysis, and specific trading strategies, catering to traders of all experience levels. Eightcap provides easy deposit and withdrawal options, including instant funding through various global methods. With no internal transaction fees and efficient processing times, traders can manage their funds securely and conveniently from anywhere in the world. Eightcap is regulated by 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇸🇨 SCB, offering traders a secure and trustworthy trading environment. This multi-jurisdictional oversight fosters confidence and provides reliable, scalable access to global markets, allowing traders to operate with strong regulatory protection.
Meanwhile, under the CySEC entity, only MT5 (not MT4) and TradingView are offered. Trust Scores range from 1 to 99 (the higher a broker’s rating, the better). People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. ASIC regulation ensures that Eightcap Pty Ltd adheres to strict Australian financial laws.
- Eightcap’s educational offering delivers a wide variety of written articles, but only a limited selection of videos.
- Overall, the set of resources is high-quality and useful for beginners and intermediate traders.
- The MT4 mobile app is available on Android, iOS, and Huawei devices, and traders must download it from their respective stores for free.
- Eightcap Labs offers a diverse range of educational materials, including articles, eBooks, and strategy guides.
Yes, based on your detected country of FI, you can open an account with this broker. He is a forex industry expert and an active fintech and crypto researcher. Verification can help ensure real people are writing the reviews you read on Trustpilot. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews. Representative Mariana has been helping me with any queries or issues I had faced and she’s been very helpful. Eightcap customer care was very fast and very friendly to attend to my plea.Infact this is the 3rd time I have contacted them and they have always been fast and very prompt.
Some deposit options like wire transfer will usually take a little time to be processed. Swap fees apply for overnight trades, and traders can easily access these rates via MT4/MT5. Deposits and withdrawals are free from internal charges, though third-party payment processors may apply their own fees.
How long does it take to get a withdrawal from Eightcap?
Meanwhile, both the Standard Account and TradingView Account feature slightly wider spreads, beginning at 1.0 pips, suitable for traders who prefer zero commission structures. Eightcap delivers versatile platform options to accommodate all trading styles. Eightcap offers traders an excellent platform lineup – TradingView, MT5, and MT4 – each catering to different levels of expertise. Whether you’re a beginner or a pro, you’ll find the tools, features, and flexibility needed to execute your trading strategy effectively. Eightcap Partners is ideal for affiliates looking to build a successful business.
Mobile apps cater more to portfolio management, up-to-date developments, and copy trading, for which the Eightcap mobile apps have the necessary tools, including economic calendars, streaming news, and watch lists. They do not support the cutting-edge trading tools Eightcap offers for desktop trading platforms. Eightcap’s FlashTrader add-on for MT5 and VPS hosting enhances automation and fast execution, catering especially to algorithmic traders. Meanwhile, the TradingView plugin enables order execution directly from price charts. It also offers access to 12 chart types such as Renko, Point and Figure, 100+ pre-built indicators, 100,000+ community-built indicators, 50 drawing tools, and more advanced tools. Experienced Eightcap traders can also use TradingView’s Pine Script programming language to automate and test their own strategies.
Yes, Eightcap is a legitimate broker regulated by ASIC (Australia), FCA (UK), CySEC (Cyprus), and SCB (Bahamas), ensuring compliance with international standards. Eightcap does not charge an inactivity fee, which is beneficial for traders who take breaks from trading. At Eightcap the registration process is online and takes just a few minutes. A new client can create an account via email or use quick sign-in via Google or Facebook.
My team has prepared a trading platform selector, so you can work out what software best matches your trading needs. We suggest that you complete our short 5-step questionnaire to determine your most suitable forex platform and then read the relevant section about how Eightcap performs in terms of that software. To access this account, simply reach out to Eightcap’s customer service and request it. Depending on requirements, proof of your Muslim faith may be necessary for eligibility. Steven Hatzakis is the Global Director of Online Broker Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry.
- The Standard account is commission-free but features spreads starting at 1 pip.
- Yes, Eightcap is beginner-friendly with a low minimum deposit, demo accounts, educational resources, and user-friendly platforms like MT4, MT5, and TradingView.
- Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst.
Eightcap provides extensions, upon request, via customer support, making this account ideal for beginners or experienced traders who create and test trading strategies. This review of Eightcap was carefully compiled by gathering data from Eightcap’s official resources, engaging with its trading platforms, and evaluating its customer service responsiveness. We also conducted a comparative analysis with industry benchmarks and peer offerings to ensure a balanced perspective. Regulatory statuses were verified through official channels to confirm Eightcap’s adherence to financial standards and security measures. The primary reason to choose Eightcap is its wide range of markets including exotic currency pairs, shares and especially cryptocurrency CFDs, where they have nearly 100 coins to choose from.
How do I deposit funds in a Eightcap account?
The TradingView mobile app packs the most comprehensive technical analysis toolbox. The maximum lot size for all Eightcap account types is 100 lots, and the account base currencies are AUD, USD, EUR, GBP, NZD, CAD, and SGD. Eightcap will issue a margin call if the account margin level drops below 80%, with an automatic stop-out level below 50%. Negative balance protection ensures traders cannot lose more than they have deposited. With a degree in finance and credit, he delivers in-depth analysis of financial markets. Since 2014 he’s been building successful online ventures, started trading Forex in 2015, and expanded his portfolio into equities in 2016.
Australia
Traders can choose between tight spreads with commissions or wider spreads without fees, allowing the platform to accommodate different trading styles. As a result, it appeals to those seeking cost efficiency and those focusing on particular strategies. Eightcap’s regulatory coverage in 🇦🇺 Australia, 🇬🇧 the UK, 🇨🇾 Cyprus, and 🇧🇸 the Bahamas ensures security and compliance for traders.