If you’re searching for a reliable Forex and CFD broker, you might have come across Eightcap. In this detailed Eightcap review, we’ll look at its features, fees, trading platforms, regulations, and more to help you decide if it’s the right broker for you.
Eightcap Overview
Eightcap is an online Forex and CFD broker founded in 2009. It offers trading in currencies, stocks, indices, commodities, and cryptocurrencies. The broker is known for its competitive spreads, fast execution, and user-friendly platforms like MetaTrader 4 and MetaTrader 5.
Is Eightcap Regulated and Safe?
Safety is a top concern for traders. Eightcap is regulated by:
- Australian Securities and Investments Commission (ASIC) – Strict financial oversight.
- Cyprus Securities and Exchange Commission (CySEC) – Complies with EU regulations.
- Financial Conduct Authority (FCA) in the UK – Ensures client fund protection.
These regulations mean Eightcap follows strict financial rules, keeps client funds in segregated accounts, and offers negative balance protection.
Eightcap Trading Platforms
Eightcap supports the two most popular trading platforms:
1. MetaTrader 4 (MT4)
- Best for Forex and CFD traders.
- Advanced charting tools, expert advisors (EAs), and automated trading.
- Available on desktop, web, and mobile.
2. MetaTrader 5 (MT5)
- More advanced than MT4, with additional timeframes, indicators, and order types.
- Supports stock and futures trading.
- Also available on all devices.
Both platforms are easy to use, even for beginners.
Eightcap Account Types
Eightcap offers two main account types:
1. Standard Account
- No commission – spreads start from 1.0 pips.
- Suitable for beginners and manual traders.
2. Raw Account
- Low spreads from 0.0 pips + $3.50 commission per lot.
- Best for scalpers and high-volume traders.
Both accounts have:
- Leverage up to 1:500 (varies by regulation).
- Minimum deposit of $100.
- No hidden fees.
Trading Instruments
Eightcap provides a wide range of markets:
- Forex (60+ pairs) – EUR/USD, GBP/USD, etc.
- Cryptocurrencies (200+ CFDs) – Bitcoin, Ethereum, Solana, etc.
- Indices (10+) – S&P 500, NASDAQ, FTSE 100.
- Commodities – Gold, Silver, Oil.
- Shares (100+) – Apple, Tesla, Amazon.
Fees and Spreads
Eightcap’s fees are competitive:
- Raw Account: Spreads from 0.0 pips + $3.50 commission per lot.
- Standard Account: Spreads from 1.0 pips (no commission).
- No deposit or withdrawal fees (bank transfers may have charges).
Deposits and Withdrawals
Eightcap supports multiple payment methods:
- Credit/Debit Cards (Visa, Mastercard) – Instant deposits.
- Bank Transfers – Takes 1-3 business days.
- E-Wallets (Skrill, Neteller, PayPal) – Fast transactions.
- Cryptocurrencies (Bitcoin, USDT, etc.) – Low fees.
No fees for most withdrawals, but banks or payment providers may charge.
Customer Support
Eightcap offers 24/5 customer support via:
- Live Chat – Fast responses.
- Email – [email protected].
- Phone – Available in multiple countries.
Pros and Cons of Eightcap
Pros:
✅ Strong regulation (ASIC, CySEC, FCA).
✅ Low spreads (from 0.0 pips).
✅ MT4 & MT5 available.
✅ No deposit/withdrawal fees.
✅ Good range of cryptocurrencies.
Cons:
❌ No proprietary trading platform.
❌ Limited educational resources.
❌ No passive trading tools like copy trading.
Final Verdict: Is Eightcap Good?
Eightcap is a trusted, well-regulated broker with low fees, tight spreads, and strong trading platforms. It’s a great choice for Forex and CFD traders, especially those who prefer MetaTrader.
However, if you need copy trading, social trading, or advanced learning tools, you might want to explore other brokers.
Who Should Use Eightcap?
✔ Forex and CFD traders.
✔ Scalpers and high-volume traders (Raw Account).
✔ Those who prefer MetaTrader platforms.
Who Should Avoid Eightcap?
✖ Beginners needing extensive education.
✖ Traders looking for social/copy trading.
Conclusion
In this Eightcap review, we’ve covered its regulation, fees, platforms, and pros & cons. Overall, Eightcap is a solid choice for active traders who want low-cost trading with a trusted broker.
Ready to start? Visit Eightcap’s official website to open an account today!
FAQ About Eightcap
1. Is Eightcap a scam?
No, Eightcap is regulated by ASIC, CySEC, and FCA, making it a safe broker.
2. What is the minimum deposit for Eightcap?
The minimum deposit is $100.
3. Does Eightcap offer a demo account?
Yes, you can open a free demo account to practice trading.
4. Can I trade cryptocurrencies on Eightcap?
Yes, Eightcap offers 200+ crypto CFDs, including Bitcoin and Ethereum.
5. Does Eightcap have an app?
Yes, you can trade via the MetaTrader 4 & 5 mobile apps.
