Eightcap Review 2019

Eightcap Rated 4/5

Eightcap Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Eightcap we break down the pros and cons. What Eightcap are able to offer, what countries Eightcap are available in. Who Eightcap are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with Eightcap

  • Regulated by: ASiC
  • Headquarters Country : Australia
  • Foundation year 2015
  • Min Deposit : 100
  • Used by over 10,000 traders
  • Eightcap is not available in the following countries : US
Open Eightcap's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to Eightcap

With this review we hope to help you see if Eightcap is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Eightcap that will help you get off to a good start in the world of online trading.

Eightcap Review Table of Contents

Eightcap what you should know

Eightcap offer two ways to trade: Forex, CFDs.

With Eightcap you will need a minimum deposit of $100. You can sign up for a demo account to acquaint yourself with Eightcap platform.

Eightcap are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Eightcap safe?

When choosing a broker like Eightcap the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2015, and in operation for 4 years Eightcap have a head office in Australia.

Eightcap is regulated. This means Eightcap are supervised by and is checked for conduct by the ASiC regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Eightcap, this will be honored. If Eightcap violate any regulatory rules their regulated status could be stripped.

Any payments funded to Eightcap accounts by traders are held in a segregated bank account.

For added security Eightcap use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Eightcap. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Eightcap

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like about Eightcap

  • Used by over 10,000 traders
  • Established in 2015
  • Regulated by ASiC
  • Min. deposit from $100

What we don't like about Eightcap

Eightcap General Fees

  • Eightcap withdrawal fees varies on payment method
  • Eightcap doesn't charge inactivity fees
  • Eightcap does charge deposit fees

Eightcap Commissions

  • Eightcap does charge commission on CFD shares.

What can you trade with Eightcap?

You can trade a wide variety of instruments with Eightcap over 100 instruments infact.

If you are looking at trading currency pairs Eightcap offer over 45 currency pairs.

Compare Eightcap with XTB and Plus500 below.

Losses can exceed deposits

FX / Currencies Eightcap XTB Plus500
Forex pairs offered 45 50 100
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes
Commodity CFDs Eightcap XTB Plus500
Commodities offered 0 21 17
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Eightcap XTB Plus500
Stocks offered 0 1696 1816
UK Shares No Yes Yes
US Shares No Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Eightcap
Instruments
XTB
Instruments
Plus500
Instruments

Trading on Eightcap web platforms and other applications

Eightcap offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

Eightcap also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Eightcap's platforms

Eightcap Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit

Eightcap Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account

Can I try Eightcap before I buy?

Eightcap offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do Eightcap accept?

Eightcap offer the below funding payment methods. learn more about Eightcap

  • Credit cards
  • Bank Transfer
  • Payoneer
  • UnionPay

How can I start trading with Eightcap?

When opening a trading account with Eightcap, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Eightcap trading platforms here.

Performing trades with Eightcap

Eightcap allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Eightcap offer ECN and STP execution, you can expect very tight spreads with more transparency over the price you‘re paying to execute your trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at Eightcap

To trade effectively with Eightcap, it's important to get a have a good understanding of the XTB trading tools and the markets.

Eightcap offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Eightcap.

Take time to look around the Eightcap platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Support at Eightcap

Eightcap support a limited number including English, and Chinese

Eightcap have a A grade support rating because Eightcap offer over three languages and

What you will need to open an account with Eightcap

As Eightcap is regulated by ASiC, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Eightcap's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Eightcap you can visit their website here.

CFDs are leveraged products and can result in the loss of your 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 as investment advice. All information collected from http://www.eightcap.com/ on 12th August 2018.

Watch this Eightcap Video

Eightcap not quite right?

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EIGHTCAP Frequently Asked Questions

Can I try Eightcap before I buy?

Eightcap offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do Eightcap accept?

Eightcap offer the following funding payment methods accept Credit cards, Bank Transfers, Payoneer, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with Eightcap?

When opening a trading account with Eightcap, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Eightcap trading platforms here.

Is my money safe with Eightcap?

Eightcap is regulated by ASiC. One of the most important criteria for traders when choosing a broker like Eightcap is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Eightcap, this will be honored. If they violate any regulatory rules their regulated status can be stripped.