Eightcap Review 2025

Eightcap review
Eightcap Awards

Eightcap have won numerious industry awards over the 9 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Eightcap below.

• Most Innovative Affiliate Program in Europe - Eightcap Partners 2024
• Broker of the Year 2023 Global Forex Awards

Eightcap review
Eightcap Fees Explained

• Eightcap doesn't charge withdrawal fees.
• Eightcap does not charge a fee for inactive accounts.
• Eightcap doesn't charge deposit fees. A currency conversion fee may be applied as withdrawals and deposits from Eightcap are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

Eightcap Costs To Check

Modern brokers like Eightcap provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, Eightcap may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall Eightcap trading profitability.

How Eightcap Fees Compare Against Other Brokers

Eightcap Minimum Deposit

Eightcap requires a minimum deposit of 100 GBP/USD/EUR when opening an Eightcap trading account.

A minimum deposit is the minimum amount of money required by Eightcap to open a new online brokerage account with them.

Don't be scared off by brokers like Eightcap charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like Eightcap, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

Eightcap Withdrawal Fees

Eightcap doesn't charge withdrawal fees.

Eightcap Withdrawal rules may vary across different brokers when it comes to transferring funds from your Eightcap or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with Eightcap may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the Eightcap withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from Eightcap. Researching and comparing Eightcap withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing Eightcap funds frequently or dealing with large sums of money. Awareness of these Eightcap fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your Eightcap funds.

For example, Eightcap allows you to withdraw your funds to Mastercard, VISA, Debit Cards, Paypal, Wire Transfer, BPay, Union Pay, Skrill, Neteller, BT, Interac, Fasa Pay, Pix, Dragon Pay, .

Eightcap Inactivity Fees

Eightcap does not charge a fee for inactive accounts.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by Eightcap terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all Eightcap fees and services. It's recommended that you check the Eightcap website before signing up. If you decide to close your Eightcap account, it's important to do so with the Eightcap broker customer support and obtain confirmation that no remaining Eightcap fees are due.

Brokers like Eightcap must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

Eightcap Deposit Fees

Eightcap does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

Eightcap Commission Fees

Eightcap does charge commission on CFD instruments.

Brokerage firms like Eightcap may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the Eightcap trading account level held by the trader.

Eightcap may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing Eightcap terms and conditions to understand the commission fees and any other charges that may apply is essential.

Eightcap review
Trading on Eightcap web platforms and other applications

Eightcap is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Eightcap also offer mobile apps for Android and iOS trading apps help you stay on top of your trades and execute them on the go.

See Eightcap's platforms

Is the Eightcap Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the Eightcap trading platform to protect you on PC and mobile Eightcap platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using Eightcap web trading platforms.

Eightcap Trading Platform Options

After logging into your Eightcap account, you'll find a range of trading platform options available below.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)

Eightcap does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options Eightcap gives you.

Eightcap review
Eightcap MetaTrader 4 (MT4)

Eightcap MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on Eightcap offers traders comprehensive features and tools to enhance their trading performance. The Eightcap MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the Eightcap platform to their needs. One of the standout features of MT4 is its charting functionality, which allows Eightcap traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give Eightcap traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 Eightcap trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the Eightcap MetaTrader 4 (MT4) trading platform. MT4 is a platform available with Eightcap, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The Eightcap MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. Eightcap allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click here.

You can start using the MetaTrader 4 platform with Eightcap in multiple formats including through an online web platform, Through a downloadable application for Windows PCs and Apple Macintosh computers. Eightcap MetaTrader 4 is compatible with the latest macOS. Eightcap allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on Eightcap

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade Eightcap MetaTrader 4 on iOS Devices

You can download the Eightcap app or trade with Eightcap through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. Eightcap customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade Eightcap MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and Eightcap offers its clients access to the MetaTrader 4 platform on these devices. With the Eightcap MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing Eightcap traders to stay on top of their trades and react quickly to changes in the market. With the Eightcap MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade Eightcap MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on Eightcap are a powerful bundle of three major indicators designed to help traders make informed decisions. Eightcap MT4 Trading Central indicators include:

• Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
• Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help Eightcap traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing Eightcap traders to potentially stay one step ahead.

Eightcap MetaTrader 4 Advanced Trading Tools

The Eightcap MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give Eightcap traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, Eightcap provides traders with everything they need to succeed. The Eightcap MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing Eightcap traders to analyze the market at any level of complexity.

Trade Eightcap MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

Eightcap MetaTrader 4 & MetaTrader 5 AutoChartist

Autochartist on the Eightcap platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for Eightcap MetaTrader 4 and MetaTrader 5 Autochartist can scan the market using an expert advisor script.

With Autochartist, Eightcap traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save Eightcap users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. Eightcap traders can navigate the platform and find the information they need to make informed trading decisions.

Eightcap Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for Eightcap traders of all experience levels.

Eightcap review
Eightcap MetaTrader 5 (MT5)

Eightcap MetaTrader 5 (MT5) In Detail

Eightcap MetaTrader 5 (MT5) is a multi-asset trading platform with an extensive range of trading features and financial research tools. Besides the ability to trade Forex and CFDs, Eightcap MT5 offers access to trade Futures, Stocks, Algorithmic Trading, ETFs, and Indices. MT5 was launched in 2010 and came with advanced charting tools, additional timeframes, and an updated version of MetaTrader 4.

MT5 on Eightcap provides the convenience of using automated trading systems and copy trading, giving Eightcap traders competitive research tools in the financial markets.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Eightcap MetaTrader 5 WebTrader

Access your Eightcap MetaTrader 5 accounts from any web browser. MT5 on Eightcap features a massive range of tools like additional timeframes and the most up-to-date technical indicators to give you all the trading resources you need to trade on and analyze the financial markets.

Eightcap review
Eightcap MT5 Buying and Selling

Eightcap MetaTrader 5 on iOS Devices

Eightcap MetaTrader 5 Can Operate on newer iOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. You should upgrade the iOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Eightcap MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Eightcap MetaTrader 5 on Android Devices

The Eightcap MetaTrader 5 trading platform is available on Android smartphones or tablets powered by the Android 5.0 or higher operating system. Additionally, to connect to the Eightcap trading server. Take the time to understand all of the Eightcap Android MetaTrader 5 features. With Eightcap MetaTrader 5 for Android, you can trade various financial instruments anytime, anywhere.

Eightcap Metatrader Mobile Application Features

MetaQuotes, the developers of Metatrader, have listened to the feedback of their millions of users and have built what has become one of the most popular mobile trading platforms in the world. MetaTrader features include :

• Eightcap Financial instrument quotes
• View in-depth price charts of financial instruments with Eightcap MetaTrader
• Manage trades and open positions on Eightcap MT4 & MT5
• View your Eightcap trading history
• View market news
• MetaTrader internal messaging on Eightcap
• View and research market statics of Eightcap financial instruments
• Eightcap Position opening and closing
• Lookup symbols in the Eightcap MetaTrader quotes section
• Display of deals on Eightcap graphs
• Eightcap Timeframe selection for graphs and charts
• Additional vertical scaling of Eightcap graphs
• Capability to transfer Eightcap accounts to other devices using QR codes
• Information is available only if it's supplied by Eightcap
• Access the OTP generator through FaceID or fingerprint with Eightcap

Eightcap MetaTrader 5 Advanced Trading Tools

Eightcap MetaTrader 5 has many advanced trading tools for more advanced users. Understanding these tools can give you a competitive edge.

• Eightcap MT5 Depth of market bids and asks
• Financial Price Data on Eightcap
• Margin Calculation, Futures, Forex on Eightcap
• Advanced Techincal Analysis on Eightcap MT5
• One click trading on Eightcap MT5
• Eightcap Spreads
• Eightcap Futures
• Eightcap Trading Reports

Eightcap Trading benefits

• Eightcap Allows scalping
• Eightcap Allows hedging
• Eightcap Offers STP
• Eightcap Low min deposit
• Eightcap Offers Negative Balance Protection

Eightcap Trading Accounts Offered

Below we give an overview of the account types that Eightcap offer. Whatever you are looking to trade, the varying Eightcap account types will be able to provide you with what you need.

• Eightcap Demo account
• Eightcap Mini account
• Eightcap Standard account
• Eightcap Swap-Free account
• Eightcap STP account

Can I try Eightcap?

Eightcap provides a demo account that enables individuals to explore trading before investing their funds. By creating a Eightcap practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the Eightcap demo account can help individuals to make informed decisions before investing their money.

Open a demo Eightcap account to practice and trade.

Losses can exceed deposits

Eightcap withdrawal and funding methods

It's essential to remember that the payment methods provided by Eightcap vary based on the Eightcap entity and the Eightcap client's country of residence. To view the Eightcap payment options available, you can log into your Eightcap member's area.

Eightcap offers various funding payment methods listed in your Eightcap dashboard if available in your region. To learn more about the Eightcap funding and withdrawal options available in your area, you can explore the Eightcap website.

Eightcap provides several payment methods for funding your Eightcap account. You may utilize any of these deposit options if they are available in your region. Eightcap ensures that users have multiple payment methods to choose from, making it more convenient for verified Eightcap account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the Eightcap user's location. learn more about Eightcap funding and withdrawal methods.

Eightcap Payment Methods

Some Eightcap payment methods are local and are available only to specific regions. Eightcap account holders should check which payment methods are provided in your region.

• Eightcap accepts Mastercard
• Eightcap accepts VISA
• Eightcap accepts Debit Cards
• Eightcap accepts Paypal
• Eightcap accepts Wire Transfer
• Eightcap accepts BPay
• Eightcap accepts Union Pay
• Eightcap accepts Skrill
• Eightcap accepts Neteller
• Eightcap accepts BT
• Eightcap accepts Interac
• Eightcap accepts Fasa Pay
• Eightcap accepts Pix
• Eightcap accepts Dragon Pay

How can I start trading with Eightcap?

To open a trading account with Eightcap, individuals can sign up on the Eightcap website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for Eightcap account validation and making a deposit. Once completed, Eightcap users can download the trading platform of their choice.

It's important to note that Eightcap requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps Eightcap maintain a trustworthy financial environment for its 80,000 users. Detailed information on the Eightcap trading platforms is available on their website.

Losses can exceed deposits

Performing trades with Eightcap

When using Eightcap, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. The maximum trade requirements on eToro can vary depending on the specific trader and instrument being traded. With STP execution on the Eightcap platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

Like other brokers, Eightcap margin requirements can differ depending on the traded instrument.

Eightcap offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about Eightcap, and see all of the Eightcap account features on the official Eightcap website.

CFD Trading on Eightcap

We will show you an example of the basics of using Eightcap leverage.

CFD trading on Eightcap allows traders to speculate on the price movements of various financial instruments against the broker Eightcap, without actually owning real assets. With CFDs, Eightcap traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

Eightcap provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, Eightcap leverage profits and losses are magnified when trading. For instance, using CFDs, you use the Eightcap trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, Eightcap leverage magnifies both profits and losses in trading.

Trading CFD trades on the Eightcap platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced Eightcap traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments with a high risk of losing money rapidly due to leverage. Losses can exceed deposits

Limiting Your Risk When Trading with Eightcap Negative Balance Protection

Negative balance protection is important for traders using leverage on platforms like Eightcap. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a Eightcap trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, Eightcap trading losses are always limited to the current balance of funds in the trader's account.

Even if an Eightcap trader experiences a significant loss, they will never owe more money than what is available in their Eightcap account balance.

It's important for Eightcap traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that Eightcap losses are limited to the funds available in your Eightcap account when negative balance protection is in place.

Limit Risk When Trading with Eightcap Stop Loss, Eightcap Stop Limit Orders

Stop-loss orders are a popular risk management tool traders use on platforms such as Eightcap . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for Eightcap traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an Eightcap trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide Eightcap traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with Eightcap, you must actively monitor your live trading portfolio and financial exposure on Eightcap.

Education Resources at Eightcap

Eightcap offer educational resources which include eBook, Events & Webinars, Videos, Articles. Please bear in mind that these resources provided by Eightcap do not guarantee any results when trading. When we checked on the Eightcap website, these educational resources were not available in every language. Also some financial instruments mentioned in any Eightcap educational resources may not be available in your region.

To trade effectively with Eightcap, it's important to have a good understanding of the Eightcap trading tools and the markets. Make sure you make full use of all education tools. Including educational tools with Eightcap and externally.

Eightcap . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with Eightcap. Familiarizing yourself with the Eightcap trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using Eightcap. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with Eightcap involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like Eightcap, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with Eightcap. Explore the Eightcap platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with Eightcap, before live trading.

Customer Support at Eightcap

As part of our Eightcap review, we review customer service options, response times and problem resolution effectiveness on the Eightcap trading platform. The Eightcap trading platform supports a limited number of languages which includes English, and Chinese.

Eightcap Available Support Types

Eightcap have grade A support rating because Eightcap offer over three languages.

Livechat Support at Eightcap

Our experience with Eightcap live chat was positive. We tested their live chat feature through their app and website and received a response within 6 minutes, an acceptable response time. The support team was helpful and provided us with the necessary information.

We tested the effectiveness of communicating with Eightcap support in multiple languages and countries. Our customer issues were resolved promptly by the Eightcap support team, proving their ability to efficiently and effectively support customers in diverse locations and languages.

Email Support at Eightcap

After testing, we found that the email support provided by Eightcap was excellent, with a fast response time. We received the fastest response in less than 60 minutes, while the slowest response was in 11 hours. It's important to note that response times may vary based on your experience with Eightcap, but in our case, we sent 25 emails at varying times.

The support team resolved and answered our queries. Overall, we had a good experience with the email support provided by Eightcap.

Phone Support at Eightcap

We contacted Eightcap via phone, and our call was answered within a reasonable timeframe of 7 minutes.

The Eightcap phone support team was able to assist us with our queries and issues. We put their multilingual support to the test by speaking to them in various languages, and they were able to communicate effectively.

Overall, while the phone support experience was satisfactory, there is still room for improvement.

See how Eightcap Support Compares Against Other Brokers

What you will need to open an account with Eightcap

As Eightcap is regulated by SCB (Securities Commission of The Bahamas) (SIA-F220), ASIC (Australian Securities and Investments Commission) (391441), FCA (Financial Conduct Authority) (921296), CySEC (Cyprus Securities and Exchange Commission) (246/14) .

As a new client of Eightcap, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with Eightcap in your region. During the Eightcap account opening process, you will be asked to provide Eightcap with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with Eightcap have the following documents available.

• Eightcap require a scanned colour copy of your passport, driver's license or national ID card.
• A recent utility bill or bank statement that confirms your residential address for Eightcap compliance. This must be dated within the last six months.
• If you plan to fund your Eightcap account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the Eightcap platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under Eightcap Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring Eightcap's platform.

However, remember that you won't be able to make trades on Eightcap until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the Eightcap KYC compliance process as soon as possible to avoid any delays in accessing the Eightcap platform's features.

It is important to note that Eightcap may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the Eightcap platform and features immediately. However, you must pass the verification process to start live trading with Eightcap, which can take up to a few business days.

To start the process of opening an account with Eightcap you can visit the Eightcap trading platform here.
Losses can exceed deposits
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered investment advice. All information collected from http://www.eightcap.com/ on November 30, 2024.

Watch this Eightcap Explainer Video

Eightcap review written by Andrew Blumer and Mark Hansen