He is the Global Director of Online Broker Research for Reink Media Group, leading research efforts for ForexBrokers.com since 2016. Steven is an expert writer and researcher who has published over 1,000 articles covering the foreign exchange markets and cryptocurrency industries. He has served as a registered commodity futures representative for domestic and internationally-regulated brokerages. Steven holds a Series III license in the US as a Commodity Trading Advisor (CTA). ForexBrokers.com has been reviewing online forex brokers for over eight years, and our reviews are the most cited in the industry.
- Yes, Eightcap is a legitimate broker regulated by ASIC (Australia), FCA (UK), CySEC (Cyprus), and SCB (Bahamas), ensuring compliance with international standards.
- Eightcap offers weekly webinars with guest speakers for the Trading Week Ahead, which is a live forecast with a guest speaker who points out potential volatility for the coming week.
- Eightcap provides essential research tools and educational resources, addressing both the analytical requirements and learning preferences of traders.
- Eightcap supports MetaTrader 4 and MetaTrader 5, two of the most widely used and powerful trading platforms globally.
Account inactivity fee
- Its international licenses foster a trusted environment for both retail and institutional clients, providing confidence and reliability across global markets.
- Standard spreads without commission fees, accessible on MetaTrader and TradingView, and tighter raw spreads accompanied by commission fees, available exclusively on MetaTrader platforms.
- Eightcap also offers a Live Market Update, which assesses the mid-week forecasts, to see how these predictions shaped up, as well as end-of-week reviews.
- Eightcap offers tight raw spreads, with their lowest spread being 0.06 pips for the USD/JPY pair and 0.20 pips for the USD/CAD pair.
The minimum deposit to open a trading account at Eightcap is $100 or the equivalent in the chosen currency. This makes the broker accessible for beginners as well as those who plan to test a strategy with a small amount of capital. DailyForex generates revenue by publishing promotional materials from paying brokers and service providers, which has no impact on the objectivity of our reviews. Our mission is to offer clear, accurate, and transparent evaluations of Forex and CFD brokers, using a rigorous, data-driven approach. Our partners may be placed highly within certain areas of the site, but our broker ratings are always based on objective analysis. Traders must use the MT5 trading platform to get access to all these trading instruments, as Eightcap maintains fewer assets in MT4.
Unique Features
Eightcap Partners delivers a high-converting affiliate program backed by 20+ years of experience. Partners gain access to expert support, flexible payouts, and strong marketing tools, partnering with a trusted global broker known for low spreads and reliable trading platforms. Eightcap regularly holds webinars that cover current market events, features of working with trading platforms, and professional traders’ strategies. This learning format suits those who prefer live interaction and the ability to ask experts questions in real time. The spread is the difference between the ask and bid prices, while commissions apply to each transaction in exchange for raw market spreads.
Eightcap Opening an Account
The Eightcap mobile apps have a similarly advanced charting package to the more powerful desktop versions. However, the screen size, and absence of multi-screen support, make conducting complex analytics a challenge. The MT4 mobile app is available on Android, iOS, and Huawei devices, and traders must download it from their respective stores for free. Following the initial launch, traders should find Eightcap easily via the search bar.
How does Eightcap make money?
With tailored solutions, strong leadership, and reliable infrastructure, it attracts both traders and fintech innovators, making it a standout option in the modern trading landscape. Yes, hedging is allowed on Eightcap accounts, giving traders flexibility in managing risk. To delete your account, contact customer support via email or chat, request account closure, and ensure all funds are withdrawn beforehand. Yes, Eightcap allows scalping and maintains a competitive trading environment, including high leverage, deep liquidity, excellent order execution, MT4, and Capitalise AI.
How do I withdraw money from Eightcap?
It is a big “plus” to see Eightcap avoid charging these fees, as they can eat into trader profits. If you have a Raw account, however, you will incur some commissions (see table above). Eightcap’s spreads are at a competitive level—the Raw account suits active and professional traders, while the Standard account covers the needs of beginners. Swaps correspond to market averages and do not create additional costs beyond the usual level.
Eightcap offers weekly webinars with guest speakers for the Trading Week Ahead, which is a live forecast with a guest speaker who points out potential volatility for the coming week. Eightcap also offers a Live Market Update, which assesses the mid-week forecasts, to see how these predictions shaped up, as well as end-of-week reviews. The MT4/MT5 web-based trading platforms are light on system resources and feature an extensive toolset for technical analysis, but do not support algorithmic or copy trading.
This selection meets the needs of different eightcap broker review categories of traders and makes the trading process as convenient and universal as possible. Traders’ funds are held in segregated accounts, which prevents mixing them with the company’s own capital. Additional confidence is provided by the use of modern security standards and nearly a decade of experience operating in global markets. As a result, Eightcap demonstrates a solid reputation as a broker that combines strict regulatory requirements with an innovative approach to service development. Opening an Eightcap account is free, but trading incurs fees, as with any broker. After reviewing Eightcap’s trading environment, pricing, and platform offering, I can confidently say it’s one of the best brokers for cryptocurrency CFD trading and platform innovation.
But if you’re scalping or automating trades, platforms like MT5 or cTrader will better suit your needs. Eightcap offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView for Australian traders and those registered with its international branch, excluding the UK and Europe. I believe that the Standard Account is ideal for beginners or low-frequency traders who prefer simplicity over ultra-tight spreads.
Justin has published over 100 finance articles from Forbes, Kiplinger to Finance Magnates. He has a Masters and Commerce degree and has an active role in the fintech community. If you’re looking for somewhere you can start trading instantly, easily, and without spending too much money on charges, you’d struggle to find somewhere better. However, all other factors, such as response time and accuracy from their support agents were fantastic during my hands-on testing. Because of their high uptime, availability, channels and quick responses, Eightcap gets a perfect 10/10 score for this category from me.
Eightcap Ratings and Reviews from Forex Peace Army:
We also review each broker’s regulatory status; this research helps us determine whether you should trust the broker to keep your money safe. As part of this effort, we track 100+ international regulatory agencies to power our proprietary Trust Score rating system. Yes, both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are fully functional on iOS and Android devices. This allows traders to monitor positions and execute trades anytime, anywhere. Eightcap earns through spreads on Standard accounts and commissions on Raw accounts, as well as potential overnight swap charges.
Are there any commissions on the Standard Account or TradingView Account?
Based on our extensive research and methodology, our expert team has rated Eightcap an impressive 9 out of 10. Eightcap stands out as a competitive choice for traders seeking low-cost pricing and a broad market range. With raw spreads starting from 0.0 pips and access to over 800 instruments, including more than 250 crypto CFDs, it caters to a diverse trading portfolio. Eightcap does not offer swap-free (Islamic) accounts, which may deter some traders who require this option for compliance with their religious beliefs. It suits those comfortable with its regulatory framework and who do not require swap-free accounts.
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