Eightcap
- Written By Forex
- Updated:
If you’re searching for a reliable online broker that makes portfolio diversification simple with broad market access, Eightcap could be a solid choice. The company is regulated across several jurisdictions and serves traders worldwide, providing a wide range of Forex and CFD instruments.
In this review, we take a closer look at the main factors that set Eightcap apart. To give readers a fair perspective, we’ll outline both the advantages and the drawbacks of the platform. As of June 16, 2025, Eightcap holds a Trustpilot rating of 4.2, based on 3,052 customer reviews. Around 72% of users awarded the broker the full five stars, while 12% rated it four stars, 3% gave three stars, and 2% settled on two stars. Meanwhile, 11% of reviewers left just a single star.
Overall Summary of Eightcap | |
Year Founded | 2009 |
Minimum Deposit | $100 |
Tradable Instruments | 800+ |
Key Pros and Cons
- Key Pros
- A broker regulated by multiple top-tier watchdogs, including CySEC, ASIC, and FCA
- Offers negative balance protection to retail traders
- Spreads are very competitive, with a starting spread of 0.0 pips on Raw Accounts
- Facilitates fast registration
- Traders have access to multiple support communication channels
- Key Cons
- Lacks in-depth educational materials
- The Bahamas-regulated division offers less strict client protection
- Negative balance protection and compensation program may not be available to all Eightcap customers
- Chat support is not available 24/7
Company Information
Eightcap, established in 2009 in Melbourne, Australia, has grown into a global brokerage serving traders in a wide range of regions. The company is licensed by top-tier regulators and operates under strict anti-money laundering (AML) and counter-terrorism financing (CTF) standards, creating a secure and transparent trading environment. With more than 800 CFD products available, Eightcap gives traders access to diverse markets including Forex, commodities, indices, shares, and cryptocurrencies.
To meet regulatory requirements in different parts of the world, Eightcap operates through several entities, each supervised by a respected financial authority:
- Eightcap Pty Ltd: An entity based in Melbourne, Australia, operating under a license from the Australian Securities and Investments Commission (ASIC).
- Eightcap Group Ltd: An entity authorized and regulated by the Financial Conduct Authority (FCA), registered in the UK and Wales.
- Eightcap EU Ltd: The European entity of the broker, catering to traders residing in EU regions. Registered in Cyprus, the entity operates under a license issued by the Cyprus Securities and Exchange Commission (CySEC).
- Eightcap Global Limited: An entity catering to international traders, operating under a license issued by the Securities Commission of The Bahamas (SCB).
- Eightcap Financial Services MENA LLC: The Middle East division of the brokerage, operating with a license issued by the Securities and Commodities Authority (SCA) of the United Arab Emirates.
With years of experience in the trading industry, Eightcap understands the needs of different types of traders and provides a range of platforms, account options, and competitive trading conditions to match.
Catering to Traders Worldwide
One of the impressive features of AvaTrade is its truly global reach, which is something that will appeal to traders all around the world. Their website is configured for over 25 separate countries and regions and supports at least 20 different languages.
Multiple Industry Awards
AvaTrade has won multiple industry accolades from reputable outlets, such as The European, International Business Magazine, FXEmpire, and Daytrading.com.
Why Trade with Eightcap?
Below, is a concise list of the aspects we appreciate the most about trading with Eightcap.
Aspect | What We Like |
Regulation | A broker regulated by multiple tier-1 authorities |
Trading | Great coverage of various tradable markets |
Pricing/costs | A competitive pricing model, with Raw accounts offering spreads from 0.0 pips |
Platforms | Supports MT4, MT5, and TradingView |
Deposit/Withdrawal Fees | Most payment solutions enable fee-free deposits and withdrawals |
Customer Support | Traders have access to several communication channels |
Regulation
One of the key reasons traders may choose Eightcap is its strong regulatory framework. The broker holds licenses from several well-known financial authorities, giving clients confidence in its credibility and compliance. As noted earlier, Eightcap operates through five separate entities, each authorized by a respected regulator.
In Australia, Eightcap is licensed by the Australian Securities and Investments Commission (ASIC) under license number 391441, allowing it to provide Forex and CFD services to local clients. In the United Kingdom, the broker operates through Eightcap Group Ltd, which is authorized by the Financial Conduct Authority (FCA) with reference number 921296.
For traders across Europe (outside the UK), Eightcap EU Ltd is registered in Cyprus and regulated by the Cyprus Securities and Exchange Commission (CySEC), holding license number 246/14. On a global level, Eightcap Global Limited is overseen by the Securities Commission of The Bahamas (SCB) under license number SIA-F220.
More recently, Eightcap expanded its reach into the Middle East after securing authorization from the Securities and Commodities Authority (SCA) in the United Arab Emirates, enabling it to legally provide services in that region.
Below is a summary of the regulators supervising Eightcap’s operations across different jurisdictions:
Flag | Region | Entity | Authority | Year |
 | Australia | Eightcap Pty Ltd | Australian Securities and Investments Commission (ASIC) | 2011 |
| United Kingdom | Eightcap Group Ltd | Financial Conduct Authority (FCA) | 2020 |
| Cyprus | Eightcap EU Ltd | Cyprus Securities and and Exchange Commission (CySEC) | 2014 |
| The Bahamas | Eightcap Limited Ltd | The Securities Commission of the Bahamas (SCB) | n/a |
| United Arab Emirates | Eightcap Financial Services MENA | Securities and Commodity Authority (SCA) | 2025 |
Eightcap’s Australian and European branches operate under the oversight of ASIC, FCA, and CySEC, which enforce strict regulations to promote a safer trading environment for both clients and service providers. These rules include mandatory negative balance protection, investor compensation schemes, and limits on leverage—requirements the broker must follow in order to serve traders in the UK, EU, and Australia.
For clients based outside these regions, Eightcap also operates through its international entity, which is regulated by the Securities Commission of The Bahamas (SCB). While the SCB requires brokers to apply strong client protection measures, its rules on leverage are more flexible. As a result, Eightcap’s SCB-regulated entity can offer traders leverage of up to 1:500 on Forex and gold.
Regulation
5/5
- Overseen by tier-1 regulators in Europe and Australia
- Regulated in the Bahamas for international traders
- Mandatory negative balance protection for retail accounts
KYC Procedure for Account Creation and Depositing
As noted earlier, Eightcap operates under the supervision of several top-tier regulators, which requires the broker to maintain high standards of transparency, client protection, and fair practices. To meet global AML and CTF obligations, every client must go through a Know Your Customer (KYC) process.
When registering for a live trading account, traders are asked to verify both their identity and residential address. This involves submitting a valid form of identification—such as a passport, driver’s license, or ID card—along with a recent utility bill or bank statement to confirm their address.
Before we dive into the details of the verification process, let’s first walk through the steps involved in opening a live account with Eightcap.
If you’re ready to begin trading with Eightcap, the first step is to visit the broker’s homepage and click on the “Create Account” button, which you’ll find displayed in multiple sections of the site. From there, you can either sign up using your Gmail account or register with a different email address of your choice.
Next, enter your email address and create a password for your Eightcap account. The platform requires the password to meet certain security standards, such as including uppercase letters, numbers, special characters, and a minimum length. At this stage, you’ll also be shown which specific Eightcap entity your account will be registered under.
After setting up your login details, you’ll need to enter your country of residence, along with your first and last name and a valid phone number.
After completing the initial registration, Eightcap will send a confirmation email. Once you verify your email address, you’ll be redirected to the Application section of the account setup. At this stage, you’ll be asked to provide additional personal details, including your date of birth, residential address, and any tax-related information required by your country of residence.
The next step involves setting up your trading preferences. Here, you’ll select your preferred trading platform, choose an account type, set your base currency, and decide on the leverage level you’d like to use.
Once you confirm that you’ve read and agreed to Eightcap’s policies, you’ll move on to the KYC verification process, where you’ll need to confirm your identity.
After you upload the necessary documents, your application will be reviewed and sent for approval.
The approval process usually takes up to one business day, during which Eightcap’s compliance team reviews your application. Once approved, you’ll receive an email confirming that your live account is active, and you can then fund it to begin trading. The minimum deposit requirement for all Eightcap account types is $100.
For those who prefer to practice before committing real money, Eightcap also offers a demo account. Opening one is simple—you just need to provide an email address, create a password, and select a few basic settings for your demo account.
No Suitability Test Requirement
It’s worth mentioning that Eightcap has kept the registration process straightforward by removing the need for a suitability test before opening a live account. While some brokers include short questionnaires during sign-up, Eightcap skips this step. The only stage that may take slightly longer is the KYC verification, since it requires you to upload the necessary documents.
Account Opening
4.5/5
- Demo accounts are available with a single simple registration step
- A quick registration process, taking between 5 and 10 minutes
- No suitability tests
Account Types
Once their live trading accounts are set up, Eightcap clients can choose between two account types, each designed with different benefits in mind. For Forex trading, the available options are:
- Standard Account: zero-commission trading with slightly wider spreads
- Raw Account: charges a small commission but spreads start from as little as 0.0 pips
Standard Account
With the Standard account, traders can begin with a minimum deposit of just $100. This account type does not charge commissions on most CFD trades, except when trading shares. Spreads are competitive, starting from 1 pip on major currency pairs.
The Standard account supports multiple base currencies, including AUD, USD, EUR, GBP, NZD, CAD, and SGD. Trade sizes can range from as little as 0.01 lots up to 100 lots. Risk management is built in, with an 80% Margin Call level and a 50% Stop Out level.
Clients can connect their commission-free accounts to either MetaTrader or TradingView, depending on their trading style. Both scalping and hedging are supported with minimal restrictions, giving traders the flexibility to apply different strategies.
Raw Account
The Raw account is designed for traders who prefer tighter spreads and lower overall trading costs. Spreads start from as low as 0.0 pips on major Forex pairs, with a commission of $3.50 per side per standard lot. Like the Standard account, the minimum deposit requirement is $100, and traders can choose from base currencies such as AUD, USD, EUR, GBP, NZD, CAD, and SGD.
The Raw account supports trade sizes ranging from 0.01 to 100 lots and comes with an 80% Margin Call level and a 50% Stop Out level. Both hedging and scalping strategies are permitted, giving traders flexibility in how they approach the markets.
Demo Account
As noted earlier, Eightcap also offers the option to practice through a demo account. If you haven’t yet registered with the broker, you can sign up for a demo trial by providing just a few basic details. For those who already have a live account, opening a demo account is just as straightforward after the application is approved.
Active live account holders can run up to six demo accounts at once—three on the MT4 platform and three on MT5. Keep in mind that demo accounts remain active for 30 days from the date of creation or until 5,000 virtual trades have been executed.
Eightcap Pro
Clients who register with Eightcap under the Eightcap Group Ltd entity are provided with a single retail account option. Retail accounts are subject to leverage limits of up to 1:30 on major Forex pairs and up to 1:20 on minors. However, these restrictions can be lifted by upgrading to a Pro account. Under both the FCA and ASIC frameworks, professional traders can access leverage of up to 1:200 on Forex pairs and gold, provided they meet certain eligibility requirements.
To qualify as a professional client with Eightcap, traders must meet specific criteria. This includes having at least one year of professional experience in the financial sector, demonstrating significant trading activity in leveraged derivatives over the past four quarters, and maintaining a financial instruments portfolio worth more than €500,000.
In Australia, traders can also qualify under either the “sophisticated investor” or “high net worth investor” categories. The sophisticated investor pathway requires successfully passing the Sophisticated Investor Assessment, showing proof of trading volumes exceeding AU$2 million, completing a dedicated questionnaire, and submitting a signed acknowledgment form. The high net worth route requires either a gross annual income of at least AU$250,000 for the previous two years or ownership of net assets valued at AU$2.5 million or more.
Account Types You Will Not See at Eightcap
Although Eightcap offers both demo and live trading accounts, some options are missing. The broker does not provide swap-free (Islamic) accounts, which means traders who cannot pay or receive swap fees for religious reasons may find the platform unsuitable.
Another limitation is the absence of managed accounts. Clients do not have the option of delegating their trading activity to an account manager, and experienced traders cannot generate additional income by managing multiple accounts on behalf of others.
Account Types
3/5
- A Standard account offering zero-commission trading
- A Raw account with spreads from 0.0 pips
- Professional trading accounts offering leverage up to 1:200
- No swap-free accounts
- No PAMM or MAM accounts
Trading Fees and Other Costs
Before trading with Eightcap, it’s important to review the fees tied to your account. As with most Forex and CFD brokers, certain charges apply that traders should be aware of. To make things clear, we’ll break down the two primary types of fees you’re likely to encounter:
- Trading Fees: these include spreads, commissions, and overnight fees, applicable to your trades.
- Non-Trading Fees: these include account dormancy fees, withdrawal and deposit fees, currency conversion and account-management fees
Below is a table displaying all the trading and non-trading fees at Eightcap:
Costs/fees | What is this? | With Eightcap? |
TRADING FEES | ||
Spreads | This is a surcharge built into the difference between the bid and ask price of an underlying asset; the wider the spread (the difference) is, the higher the trading costs. | Spreads on Standard accounts start from 1 pip, while Raw accounts offer spreads from 0.0 pips |
Commission | An additional flat fee brokers may apply to trades; often commissions are charged only on orders placed with Raw or Zero Spread accounts | Zero-commission trading with Standard accounts; a $3.50 commission is charged per standard lot, per side on Raw accounts |
Overnight Charges | Fees charged for holding positions open overnight | Market-standard swap rates apply to overnight positions. Overnight charges are applied after the close of the New York trading session at 4 pm (GMT-04:00) |
NON-TRADING FEES | ||
Deposit Fees | Fees a broker may charge for topping up your account. | None (see more in Deposit Methods below) |
Withdrawal Fees | Fees a broker may charge whenever traders withdraw funds from their balance. | Bank transfer withdrawals may incur a $/€8 fee at the CySEC-licensed entity. (see more in Withdrawal Methods below) |
Inactivity Fees | A fee that brokers may charge on dormant accounts. | $10 after three months of no funding or trading activity. |
Spreads
Eightcap aims to keep trading costs competitive by offering tight spreads across its full range of instruments. As mentioned earlier, the broker excluding its FCA-regulated entity provides two main account types, each with its own pricing model.
The Standard account follows a spread-only model, where spreads are slightly wider due to a one-pip markup. In contrast, the Raw account charges a small commission per standard lot, but offers much tighter spreads, starting from 0.0 pips on major pairs.
Below is a comparison of the average spreads on popular Forex pairs for both account types at Eightcap:
Instrument | Standard Account Average Spread (pips) | Raw Account Average Spread (pips) |
EUR/USD | 1.10 | 0.10 |
GBP/USD | 1.20 | 0.20 |
USD/JPY | 1.30 | 0.30 |
USD/CHF | 1.50 | 0.50 |
AUD/USD | 1.20 | 0.20 |
USD/CAD | 1.40 | 0.40 |
NZD/USD | 1.20 | 0.20 |
To give you a clearer idea of how trading costs differ between the Standard and Raw accounts, let’s look at a simple example using the EUR/USD pair.
We’ll consider a trade of one standard lot, where each pip movement equals $10. For simplicity, we’ll assume the position is opened and closed at the same price. At the time of writing, the average spread on EUR/USD is about 1.1 pips with a Standard account and 0.1 pips with a Raw account.
Standard Account Example:
Spread: 1.1
Spread + $0 commission = (1.1 x $10) + $0 = $11 per side
Total Cost: $11 x 2 = $22 for a roundtrip trade
Raw Account:
Spread: 0.1
Spread + Commission = (0.1 x $10) + $3.50 = $1 + $3.50 = $4.50 per side
Total Cost: ($1 x 2) + ($3.50 x 2) = $2 + $7 = $9 for a roundtrip trade
As you can see, despite charging a commission on every side of the trade, the Raw account still offers lower total trading costs as a result of its extremely tight spreads.
Instrument | Eightcap | Fusion Markets | FP Markets | BlackBull Markets | Pepperstone |
EUR/USD | 1.10 | 0.95 | 1.20 | 0.90 | 1.10 |
GBP/USD | 1.20 | 1.03 | 1.50 | 1.20 | 1.20 |
USD/JPY | 1.30 | 1.04 | 1.40 | 1.20 | 1.20 |
USD/CHF | 1.50 | 1.13 | 1.60 | 1.50 | 1.30 |
AUD/USD | 1.20 | 0.97 | 1.30 | 1.00 | 1.10 |
USD/CAD | 1.40 | 1.01 | 1.40 | 1.40 | 1.40 |
NZD/USD | 1.20 | 1.03 | 1.60 | 1.20 | 1.30 |
Commissions
When calculating overall trading costs, it’s important to factor in commissions. With Eightcap, traders can either opt for commission-free trading through a Standard account or choose a Raw account, which offers tighter spreads but charges a small commission on each side of the trade. Keep in mind that trading shares through a Standard account also involves commissions.
The commission rates depend on the base currency of your account. For every standard lot (100,000 units), the charge is 3.5 in AUD, USD, NZD, SGD, or CAD, 2.25 in GBP, or 2.75 in EUR. If you trade smaller positions—such as mini or micro lots the commission scales down accordingly.
- Standard lot trade (100,000 units): a $3.50 commission is charged per side, or $7 in both directions.
- Mini lot trade (10,000 units): you pay a $0.35 commission per side, or $0.7 in both directions.
- Micro lot trade (1,000 units): a $0.035 commission is charged per side, or $0.07 roundtrip.
Spreads & Commissions
4/5
- Zero commission charged on Standard account trades
- Raw accounts offer spreads from 0.0 pips
- Raw accounts come with a $3.50 commission per standard lot, per side
Financing Charges
If you choose to hold leveraged positions overnight, Eightcap applies swap rates. These can either be credited to or charged from your account, depending on the direction of your trade and prevailing market conditions. Swap values are influenced by factors such as interest rate differentials, liquidity levels, volatility, and other market dynamics.
To bring clarity, Eightcap provides a specific formula for calculating swap rates on overnight positions:
- For Forex, Metals, and Oil Trades:
SWAP Rate * Lots (Volume) * Nights = SWAP rate in the second currency.
- For Shares:
Тhe lots (volume) * The contract size * The current stock price * ((The SWAP rate/ 100) / 365)
- For Crypto:
(Volume in lots * Current price * Long (Buy) or Short (Sell) rate / 100 )/ 360
- For Indices:
SWAP Rate Long/Short * Volume in lots * Nights held = SWAP charge
Because most markets (with the exception of cryptocurrencies) are closed on weekends, Eightcap applies triple swaps on specific days to account for the two non-trading days. For Forex, metals, and crude oil, the triple swap is charged on Wednesdays. For shares, it is applied on Mondays, while index CFDs incur the triple swap on Fridays.
Since the cryptocurrency market remains open on weekends and bank holidays, no triple swap is applied to crypto positions held overnight.
Deposit fees
One of Eightcap’s key advantages is that it does not charge any internal fees on deposits, regardless of the payment method you choose. However, it’s important to note that third-party payment providers may apply their own fees when funding your account through certain methods.
Withdrawal fees
Inactivity fees
Another non-trading cost to be aware of at Eightcap is the inactivity fee. The broker charges $10 per month if an account shows no deposits or trading activity for three consecutive calendar months. However, if you hold multiple live accounts and at least one remains active, no inactivity fee will be applied.
It’s worth noting that this fee currently applies only to clients registered under Eightcap EU Ltd. Traders registered with other entities may not be subject to inactivity charges.
Inactivity Fees
1.5/5
- A $10 inactivity fee charged on accounts with no activity in the last 3 months
Overall on Fees
Eightcap offers highly competitive trading conditions, particularly for those using the Raw account, where spreads on major Forex pairs start as low as 0.0 pips. Standard account holders benefit from commission-free trading on most instruments, with the exception of shares, while Raw account users pay a modest commission of $3.50 per side per standard lot.
When it comes to non-trading fees, Eightcap remains transparent. The only notable charge is a $10 inactivity fee, applied after three months of no account activity. Additionally, European traders making withdrawals via wire transfer may incur a small extra fee.
Trading Fees and Other Costs
4/5
- No commissions on Standard accounts
- Tight spreads on Raw accounts
- No deposit and withdrawal fees
- No hidden fees
Desktop Trading Platforms
Eightcap clients can choose from a range of modern, user-friendly trading platforms packed with advanced features. Designed to meet the needs of both beginners and experienced traders, the broker offers desktop and mobile versions of:
- MetaTrader 4 (MT4): A globally popular trading platform known for its reliability, simplicity, and wide adoption among Forex and CFD traders.
- MetaTrader 5 (MT5): The upgraded version of MT4, providing additional order types, more timeframes, advanced indicators, and enhanced charting tools for a more comprehensive trading experience.
- TradingView: A powerful third-party platform popular for its advanced charting capabilities, robust analysis tools, and built-in social trading features that allow traders to share ideas and strategies.
It’s important to note that platform availability varies depending on the Eightcap entity you register with. For example, clients under the European division can access only MT5 and TradingView, while those registered with the Bahamas-regulated offshore entity also have the option to trade on MT4.
MetaTrader 4
MT4 is one of the most popular platforms among Eightcap traders and is available to both Standard and Raw account holders. With its intuitive interface and customizable charts, it caters equally well to beginners and seasoned traders. The platform gives access to over 2,000 free technical indicators, 9 timeframes, and 30 built-in indicators.
Traders can also take advantage of automated trading through Expert Advisors (EAs) and enhance their chart analysis with 24 graphical objects such as arrows, lines, and shapes. MT4 is available in multiple formats: a web-based version, desktop applications for Windows and Mac, and a mobile app compatible with both Android and iOS devices.
MetaTrader 5
MT5, the successor to MT4, is also available to Eightcap clients and offers a broader selection of tools, order types, and analytical features. Designed for traders who want greater flexibility, the platform supports advanced automated strategies with Expert Advisors (EAs) and enables the development of custom trading robots using the proprietary MQL5 coding language.
With 21 timeframes, 80 built-in indicators, and the ability to monitor up to 100 charts simultaneously, MT5 provides a powerful environment for in-depth technical analysis and strategy building. Traders can access the platform directly in their browsers or install it on desktop and mobile devices for a seamless cross-platform experience. Whether opening a Standard or Raw account, all Eightcap users can take advantage of MT5’s enhanced capabilities.
TradingView
TradingView is another platform supported by Eightcap, giving Standard account holders access to one of the most popular social trading environments worldwide. Available to clients of the EU, UK, and offshore entities, TradingView combines advanced technical features with a thriving community where traders can share and explore ideas in real time.
The platform includes powerful analytical capabilities, such as 9 timeframes, more than 15 customizable chart types, over 100 technical indicators, and 90+ smart drawing tools. This makes it an excellent choice for traders who want to combine detailed technical analysis with collaborative learning. TradingView can be accessed directly in any browser or through its dedicated mobile app for Android and iOS, ensuring traders stay connected and in control wherever they are.
Copy Trading with Eightcap
While Eightcap does not feature its own proprietary copy trading platform, traders can still mirror the strategies of successful signal providers through MT4 and MT5. The MetaTrader marketplace offers a wide selection of signal providers, allowing users to review performance statistics and choose whose trades to follow.
For those more interested in social trading, TradingView offers a collaborative environment where traders can share insights, publish strategies, and learn from a global community. Although TradingView supports integration with some third-party copy trading services, Eightcap itself does not provide direct copy trading functionality through this platform.
VPS Hosting
UK traders who qualify for Eightcap Pro accounts can benefit from ProVPS, a service designed to deliver ultra-fast order execution with minimal latency. Additionally, Eightcap partners with the third-party provider FXVM, giving clients access to advanced VPS hosting. With an average latency of just one millisecond, FXVM ensures lightning-fast trade execution. The Equinix server, located in Tokyo, allows the VPS to be up and running in under 60 seconds. While this is a paid service, traders can take advantage of a free trial to evaluate its performance before committing.
Desktop Platforms
4.5/5
- Standard accounts can be set on MT4, MT5, and TradingView
- All platforms offer advanced charting tools and multiple technical indicators
- The platforms can be accessed on different devices
- Offers VPS hosting
Mobile Trading Platforms
MT4 and MT5 Mobile Apps
Once you have created your Eightcap account and chosen to trade on either MT4 or MT5, you can download the dedicated mobile app for your iOS or Android device. The apps provide seamless access to the full suite of order types, technical indicators, and timeframes available on each platform, ensuring you can manage and execute trades conveniently while on the go.
TradingView Mobile App
TradingView, the popular social trading platform, also comes with a dedicated app for both Android and iOS devices. Through the app, Eightcap clients can analyze markets, apply advanced charting tools, and execute trades while on the go. However, it is worth noting that Eightcap itself has not released any native mobile applications. Instead, traders can access markets via the official MT4, MT5, or TradingView apps, depending on the platform they prefer.
Eightcap MT5 App for Android | Eightcap MT5 App for iOS | Eightcap MT4 App for Android | Eightcap MT4 App for iOS | |
Minimum System Requirements | Android 5.0 and up | iOS 15.0 and up | Android 5.0 and up | iOS 12.0 and up |
User Rating | 4.9 / 5.0 | 4.8 / 5.0 | 4.8 / 5.0 | 4.8 / 5.0 |
User Downloads | Over 10 million | n/a | Over 10 million | n/a |
Supported Languages | 23 | 23 | 22 | 22 |
Forex Pairs | 50+ | 50+ | 50+ | 50+ |
Other Tradable Assets | Metals, Crude Oil, Stocks, Commodities, Indices, Digital Assets, Futures, and more | Metals, Stocks, Crude Oil, Commodities, Indices, Digital Assets, and more | Metals, Crude Oil, Commodities, Indices, Digital Assets, Futures, and more | Metals, Crude Oil, Commodities, Indices, Digital Assets, and more |
Features | Level II pricing, various market and pending orders, sound notifications, customizable Forex & Stocks charts, free access to market news, 30 technical indicators, 9 timeframes, 3 chart types | Level II pricing, various market and pending orders, sound notifications, customizable Forex & Stocks charts, free access to market news, 30 technical indicators, 9 timeframes, 3 chart types | Real-time forex quotes, chart trading, sound and push notifications, customizable charts, 3 chart types, free market news, 9 timeframes, 30 popular technical indicators, and more | Multiple order types, full trading history, chart trading, customizable chart colors, push and sound notifications, 24 graphical objects, 3 types of charts, 9 timeframes, zoom and scroll on charts, and more |
Biometric Authentication | Yes | Yes | No | No |
2-Factor Authentication | Yes | Yes | No | No |
Mobile Trading
4.5/5
- MT4, MT5, and TradingView are available to both Android and iOS users
- A full set of trading platform features is available to mobile users
Trading Instruments
Eightcap provides traders with a well-rounded selection of tradable instruments, making portfolio diversification simple and accessible. The broker offers a library of over 800 CFD products, covering major asset classes such as Forex, commodities, indices, cryptocurrencies, and stocks.
Unsurprisingly, stock CFDs make up the largest portion of the available markets, though the other categories also include a solid variety of instruments to trade. Since all products are offered as CFDs, traders do not own the underlying assets but instead gain the flexibility to speculate on both rising and falling prices.
Asset Class | Number of Traded Instruments Available | |||
Eightcap | OANDA | AvaTrade | ||
Number | Selection | Number | Number | |
Forex | 56 | OK | 48 | 53 |
Indices | 17 | Fair | 14 | 36 |
Commodities | 14 | OK | 14 | 19 |
Stocks | 800+ | Excellent | 1,600+ | 640+ |
Cryptocurrencies | 100+ | Excellent | 13 | 17 |
Forex
When it comes to Forex trading, Eightcap provides access to more than 50 popular currency pairs, all of which can be traded on the broker’s supported platforms. Traders can choose from majors like EUR/USD, GBP/USD, and AUD/USD, along with a wide range of minors and exotics. Raw account holders benefit from spreads starting as low as 0.0 pips, ensuring highly competitive trading costs. The broker also offers flexible position sizing, with a minimum trade size of 0.01 lots and a maximum of 40 lots per position.
Leverage levels depend on the regulatory authority overseeing your account. To comply with CySEC, FCA, and ASIC rules, retail clients are limited to a maximum leverage of 1:30 on major pairs and 1:20 on minor ones. Those who qualify for professional accounts can trade with leverage of up to 1:200. Clients registered under the SCB-regulated entity enjoy the highest ratios, with leverage reaching up to 1:500 on currency pairs, offering much greater flexibility in their trading strategies.
Commodities
Eightcap gives traders the opportunity to explore more than a dozen commodity CFDs, covering precious metals and energy markets priced against the US dollar. Popular assets such as Brent and WTI crude oil can be traded with minimum spreads starting at just $0.3 per micro lot, while precious metals like silver (XAG/USD) and gold (XAU/USD) are available with minimum spreads of $1 and $0.12 per micro lot, respectively.
When it comes to trade sizes, Eightcap offers flexible contract ranges depending on the asset. Positions on crude oil and silver can be opened in sizes as small as 0.01 lots and go up to 100 lots, while for other commodity CFDs the maximum cap is set at 50 lots. Leverage depends on the regulatory authority governing the account. Under FCA, CySEC, and ASIC oversight, the maximum available is 1:10 for most commodities, though gold is an exception with leverage of up to 1:20. Clients registered with the broker’s SCB-regulated entity in the Bahamas benefit from much higher ratios, with leverage extending to 1:100 on most commodities and up to 1:500 when trading gold CFDs.
Indices
For traders who prefer contracts for difference on global indices, Eightcap offers a selection of 17 major and minor products available across all three supported platforms—MT4, MT5, and TradingView. Popular markets such as the US30, UK100, and DAX40 come with highly competitive pricing, with spreads starting from 16 points, 12 points, and just 1.5 points, respectively. Contract sizes are flexible, allowing positions as small as 0.01 lots and extending up to 25 lots.
Leverage depends on the jurisdiction of the entity you register with. Clients trading through the European or Australian divisions of Eightcap can access maximum ratios of 1:20, while those registered with the SCB-regulated branch in the Bahamas benefit from significantly higher leverage of up to 1:200 on index CFDs.
Shares
Eightcap offers traders access to a wide range of stock CFDs, available on both MT5 and TradingView platforms. Pricing for stocks follows a Direct Market Access model, with a commission of $2 per side per standard lot, which applies even for Standard account holders. Trade sizes are flexible, with a minimum of 0.01 lots and a maximum that varies depending on the specific stock. Across all Eightcap entities, leverage on stock CFDs is capped at 1:5, ensuring a conservative approach to risk management for equity trading.
Cryptocurrencies
Eightcap allows traders to speculate on over 100 popular and emerging cryptocurrencies through CFDs, offering exposure to this highly volatile market without the need to directly own any digital assets. Compared with many brokers, Eightcap provides a particularly wide selection of tradable crypto coins. Competitive spreads start from 170 pips for Bitcoin, 20 pips for Ethereum, and 5 pips for Cardano.
Trade sizes are flexible, with a minimum of 0.01 lots for major coins such as Bitcoin and Ethereum, while maximum sizes vary depending on the specific cryptocurrency. Leverage limits also differ by entity: clients registered with the SCB-regulated branch can access up to 1:20 leverage, whereas other Eightcap entities outside the Bahamas restrict leverage to 1:2. Retail traders in the UK are not permitted to trade crypto derivatives due to FCA regulations.
Traded Instruments
3/5
- Offers a decent number of tradable Forex pairs)
- The number of available commodities and indices could be higher
- Traders can choose from a wide selection of stock CFDs
- Crypto CFD assets are significantly more than the selections of many competitors
Trade Execution
Eightcap ensures transparency and competitive pricing by using a no-dealing desk (NDD) order execution model. Unlike market makers, where orders pass through an internal dealing desk, NDD execution routes trades directly through third-party liquidity providers. This approach allows for tighter spreads and eliminates conflicts of interest, as the broker does not trade against its clients.
The Raw account offered by Eightcap further reflects this NDD model. Trades on Raw accounts are processed through ECN/STP execution, which provides faster order handling and variable spreads that adjust in real time according to market conditions. According to information from Eightcap’s website, the broker employs an ECN structure to deliver its pricing.
For stock CFDs, Eightcap uses the Direct Market Access (DMA) pricing model, giving traders direct entry to the underlying exchange’s order book. Orders are executed directly on the exchange rather than via a broker’s dealing desk. This commission-based model enhances transparency and allows traders to interact with the market more directly.
Trade Execution
4/5
- The ECN pricing model ensures transparency, fast execution, and raw spreads
- Prices on stock CFDs are determined via the DMA model
Deposits
Before starting to trade, new clients must activate their live accounts by making a deposit. Regardless of whether you select a Standard or Raw account, the minimum deposit required is $100.
As a global broker, Eightcap accommodates the preferences of traders from different regions by allowing accounts to be set up in a variety of base currencies:
- AUD
- USD
- EUR
- GBP
- NZD
- CAD
- SGD
Eightcap offers a variety of payment options for funding accounts, with most methods providing instant deposit processing. Understanding that non-trading fees can be a burden, the broker does not charge any internal fees on deposits. However, some third-party payment providers may still apply their own charges.
Traders can choose from a wide range of region-specific and global payment solutions. The table below provides an overview of all supported deposit methods along with their typical processing times:
Deposit Method | Processing Time |
Visa | Instant |
Mastercard | Instant |
PayPal | Instant |
Wire Transfer | 1 to 5 business days |
BPay | 1 to 2 business days |
UnionPay | Instant |
Skrill | Instant |
Neteller | Instant |
Cryptocurrencies | Instant |
Interac | Instant |
Fasapay | Instant |
PIX | Instant |
Dragonpay | Instant |
Deposits Methods
4/5
- A wide selection of deposit methods
- Charges zero deposit fees
- Requires a minimum deposit of $100
Withdrawal Methods
At Eightcap, withdrawals are processed back to the same card, e-wallet, bank account, or payment service used for deposits. Some methods, such as Visa and Mastercard, do not have limits on the minimum or maximum withdrawal amounts. While certain options are deposit-only, clients can still access their funds via bank transfers.
The minimum withdrawal amount is $25 for bank transfers and instant banking services, while other methods require at least $50. Eightcap generally does not charge internal fees for withdrawals, although traders should be mindful of any potential surcharges imposed by third-party payment providers. The only exception is wire transfers through the Cyprus-regulated entity, which may incur an additional fee of $/€8. Withdrawal requests are typically approved within 1 to 5 business days, with the exact processing time depending on the chosen payment method.
Withdrawal Method | Processing Time |
Visa | 2 to 5 business days |
Mastercard | 2 to 5 business days |
PayPal | 1 to 5 business days |
Wire Transfer | 1 to 5 business days |
BPay | 1 to 3 business days |
UnionPay | 1 business day |
Skrill | 1 business day |
Neteller | 1 business day |
Cryptocurrencies | Instant |
Interac | 1 to 3 business days |
Fasapay | 1 business day |
PIX | 1 to 5 business days |
Dragonpay | 1 business day |
Withdrawal Methods
4.5/5
- Does not charge withdrawal fees
- Offers fast withdrawal options (within 1 business day)
Customer Support Contacts
Eightcap provides several ways for traders to get assistance with their accounts, orders, payments, or any other aspect of their trading experience. Clients can reach out to the broker’s responsive support team through multiple contact channels:
Support Contact | Available | Response |
Live Chat | 24/5 | Less than 30 seconds |
Telephone contact | 24/5 | Within several minutes |
Email contact | 24/5 | Within several hours |
FAQs | 24/7 | On the website |
Live chat : For quick assistance, traders can use Eightcap’s live chat service to speak with a support agent and resolve issues within minutes. The only limitation is that this service is not available around the clock.
Telephone Contact : Traders who prefer speaking directly with a support agent can contact Eightcap by phone. Clients of the offshore division can call +61 3 8592 2375, while those registered with the CySEC entity can reach support at +357 25 060 006. Typically, a representative responds within a few minutes.
Email Support : For non-urgent inquiries or if you prefer not to speak directly with an agent, traders can contact Eightcap via email. The support team typically responds within a few hours. Global clients can send their emails to global@eightcap.com , while European clients should use support@eightcap.eu .
FAQ : Before reaching out to the support team, traders can consult the FAQ section, which provides helpful information on a wide range of topics related to trading with Eightcap.
Support Contact
4/5
- Offers multiple contact channels
- The FAQ section covers multiple topics
- Live support is not available on weekends
Research and Educational Materials
For beginners who want to build confidence or for more experienced traders seeking to expand their knowledge, Eightcap provides a range of educational resources. In addition to its dedicated education hub, the broker offers tools that make market analysis easier and more effective. Available research and educational materials include:
- Eightcap Labs: An educational platform, offering trading guides, e-books, various insights, webinars, and plenty of learning materials for both novices and more experienced traders.
- AI-Powered Economic Calendar: Provides historical market data, helping Eightcap clients develop their trading patterns and strategies.
- Capitalise.ai: A tool that optimizes automated trading, allowing customers to create automated strategies by using preset conditions or numerous templates in the Capitalise.ai library.
- FlashTrader: When activated, this tool will automatically choose stops and profit targets on every order, allowing traders to focus on their strategies.
Research & Education
5/5
- A decent selection of educational materials
- A set of advanced tools for automated trading and strategy development
- Provides information on popular trading strategies
Security and Money Guarantees
Traders at Eightcap can have confidence that their funds are safeguarded using industry-standard security measures and fully compliant anti-money laundering (AML) practices. The ASIC, FCA, and CySEC-regulated entities follow strict customer protection protocols, which include:
- Negative balance protection for retail clients
- Funds segregation
- Investor compensation
Although the SCB is less stringent regarding consumer protection, the Bahamas-regulated Eightcap entity still adheres to strict AML and Counter-Terrorist Financing (CTF) guidelines, ensuring a secure trading environment for clients. The broker also provides clear disclaimers about the risks associated with Forex and CFD trading, particularly when leverage is used.
For clients under CySEC regulation, eligible traders can receive up to €20,000 through the investor compensation scheme. Meanwhile, those registered with the FCA-regulated entity may be entitled to compensation of up to £85,000 per person in the unlikely event that the broker becomes insolvent.
Security of funds
4.5/5
- Customers’ funds are kept in segregated bank accounts
- Retail accounts come with mandatory negative balance protection
- Some entities of Eightcap offer investors compensation schemes
- The SCB-regulated entity may offer fewer customer protections
Conclusion
The reviewers at Thinkforexbrokers consider Eightcap a strong choice for a wide range of traders. Licensed and regulated by multiple top-tier authorities, the broker adheres strictly to customer protection rules and industry guidelines.
Eightcap’s ECN pricing model provides fast order execution and fair pricing. Forex traders using Raw accounts benefit from ultra-tight spreads starting from 0.0 pips on major currency pairs. Combined with low commissions and the absence of hidden fees, these features create highly competitive trading conditions.
Traders also enjoy multiple payment options, allowing instant account funding without additional charges. The minimum deposit requirement of $100 for both account types is reasonable and comparable to what many other brokers demand. With the ability to trade in micro lots across all instruments, Eightcap remains an accessible and affordable option for traders of all experience levels.
Overall
4/5
- The ECN pricing model ensures transparency and competitive prices
- Multiple regulators ensure full regulatory compliance
- Fast and fee-free deposits allow smooth funding for every trader
- Raw account allows extremely cost-friendly trading
