Eightcap Rated 3/5

Eightcap Guide - Read our In Depth 2023 Eightcap Review

Eightcap are a CFD and Forex MT4 and MT5 trading platform offering over 200 financial instruments. Eightcap have very fast order execution speeds as Eightcap servers are located in the same region as the worlds largest financial institutions. Eightcap spreads are low starting at 0.0 pips.

This Eightcap review was written by industry experts with over 20 years of financial experience in Forex, CFDs.
*This content does not apply to US users.

Benefits of Trading with Eightcap

Eightcap Review 2023 Quick Summary
๐Ÿ’ฐ Min Deposit 100
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 10,000 Eightcap users and traders
๐Ÿ“† Founded 2015
๐ŸŒ HQ Australia
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Australian Securities and Investments Commission (ASIC)
๐Ÿšซ Excluded Countries Eightcap is not available in the following countries : US

Open Eightcap's Website

Losses can exceed deposits


learn more Learn more about IC Markets.
Losses can exceed deposits

What is Eightcap?

Eightcap are a worldwide financial trading platform and broker. founded in 2015

Over 8 years later Eightcap now serves over 10,000 retail investors Forex trading, and CFDs trading.

Eightcap are a global broker. Eightcap have a head office in Australia.

When trading in the financial markets, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this Eightcap review and assess how well the Eightcap platform functions in its role as an international multi asset trading platform for traders in 2023.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like Eightcap. Choosing or shortlisting a trading platform like Eightcap can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like Eightcap.

As a result, selecting the right trading platform like Eightcap requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like Eightcap available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like Eightcap requires thorough due diligence and careful consideration. Some Eightcap trading features can be complex when trading on mobile or using the Eightcap online trading platform. Beginners and inexperienced traders must take the time to learn how to use the Eightcap trading tools properly. In our review of Eightcap we explain the pros and cons. What Eightcap offer, countries Eightcap are available in. Who Eightcap are regulated by and more.

Eightcap Review Screenshot

When it comes to online trading with brokers like Eightcap, carefully review Eightcap as your broker can make or break your success. Choosing the right broker is essential to ensure your Eightcap investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your Eightcap review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of Eightcap. You must also ensure the Eightcap broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, Eightcap needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with Eightcap into easily digestible information in this Eightcap review. We want to ensure you have all the knowledge necessary to use the Eightcap trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with Eightcap are the key to successful trading, so we've provided this detailed Eightcap review. So, take a seat, grab a cup of coffee, and dive in to learn about Eightcap and how it can benefit you or if Eightcap is not for you.

Online investing with Eightcap can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with Eightcap, evaluating the Eightcap platform is important. Evaluation includes researching the Eightcap management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with Eightcap. That's why it's essential to understand the Eightcap company policies and practices before making any investment decisions. By doing your due diligence and understanding Eightcap platform, you can make informed investment choices that align with your financial goals. So take the time to research Eightcap thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this Eightcap review you need to determine if Eightcap is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to Eightcap, so you can make a more informed decision and compare other brokers against Eightcap.

If you want to look at some Eightcap alternatives that might better fit your needs, we list and compare some of the best Eightcap alternatives further down this Eightcap review.

Don't be fooled by the misconception that online trading is easy with Eightcap. It can be challenging and requires significant research and understanding of the Eightcap trading tools and features. You must know what you are doing when trading with Eightcap. That's why we've compiled this detailed Eightcap review with some important information that will hopefully make you more informed when online trading with Eightcap.

Eightcap Review Table of Contents

Eightcap review
Eightcap is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about Eightcap. Eightcap is a multi asset platform with 100+ tradable Assets. Assets available on Eightcap include Forex, CFDs.

Eightcap trades in multiple financial asset types. A financial asset is any security or asset that has financial value attached, tangible or intangible. This means that Forex, CFDs are considered financial assets.

Features of Eightcap

Eightcap review
What you should know

Eightcap offer two ways to trade: Forex, CFDs. The assets and products available to you on the Eightcap trading platform depends on the region of the world, you are in and the Eightcap entity you have an account.

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 considering Eightcap for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as Eightcap, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2015, and in operation for 8 years Eightcap have a head office in Australia.

Eightcap is regulated. This means Eightcap are supervised by and is checked for conduct by the Australian Securities and Investments Commission (ASIC) regulatory bodies.

Eightcap withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like Eightcap are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. Eightcap are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of Eightcap and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. Eightcap has a reputation for efficient and reliable fund transfers, and they take great care to ensure that your money is safe and secure. When you submit a withdrawal request, Eightcap will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like Eightcap, you can enjoy peace of mind and focus on your trading activities without worrying about the safety of your funds. If Eightcap violate any regulatory rules their regulated status could be stripped.

Losses can exceed deposits

Is my money safe with Eightcap?

All payments made to Eightcap by traders are securely held in a segregated bank account.

Eightcap uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

What are Tier 1 banks and why should Eightcap use them?

Eightcap partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their Eightcap clients' funds.

Eightcap clients can have greater confidence in their financial security when working with a Tier 1 bank because Eightcap are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

What does it mean to have your funds in Eightcap deposited in a Tier 1 bank?

Depositing funds with Eightcap ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if Eightcap were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that Eightcap is a secure and safe platform.

Please be aware that trading in financial assets with Eightcap carries a risk of loss. Eightcap trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

Eightcap emphasizes this risk on its platform and provides clear risk warnings - Losses can exceed deposits. After answering some important questions about Eightcap, let's closely examine its features.

To better understand the Eightcap trading platform, you can create two separate accounts - one with real money and the other a Eightcap demo account. A Eightcap demo account provides a risk-free environment for experimenting with the Eightcap platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in Eightcap trading decisions.

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.

How Eightcap as a Company Compare Against Other Brokers

Broker Eightcap IC Markets Roboforex Pepperstone
Year Established 2015 2007 2009 2010
Head Office Australia Australia Belize Australia
Regulation Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
Used By 10,000+ Eightcap users 180,000+ IC Markets users 1,000,000+ Roboforex users 400,000+ Pepperstone users
Negative balance protection No Yes No Yes
Guaranteed Stop Loss No No No No
Learn More Visit Eightcap Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

Eightcap review
Eightcap Pros and Cons

What we like about Eightcap

  • Used by over 10,000 Eightcap users and traders
  • Established in 2015
  • Regulated by Australian Securities and Investments Commission (ASIC)
  • Min. deposit from $100

What we don't like about Eightcap

Eightcap review
Eightcap Regulation and Licensing in more detail

Eightcap is regulated by trusted organizations, providing recourse for any issues. Regulatory bodies protect traders through reimbursement schemes in case of Eightcap going into insolvency. Eightcap compliance with rules and criteria set by regulatory authorities is mandatory for brokerage firms like Eightcap to maintain licenses and operate in certain jurisdictions. Financial regulation and licensing are crucial for creating a secure trading environment for Eightcap traders.

Eightcap is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the brokers' behaviour, and they will take necessary action if things go wrong. Before trading online with a broker like Eightcap you should be sure they're legitimate online agent.

Is Eightcap Global?

Yes, Eightcap is global as Eightcap is available in over 194 countries.

Eightcap is a global trading platform in the sense that it operates in 194 countries including nations in Africa, Asia, Oceania, and Europe. Major countries Eightcap covers include the UK, Germany, South Africa, Thailand, China and Australia. Eightcap has a total of more than 10,000 users.

Eightcap review
Eightcap Awards

Eightcap have won numerious industry awards over the 8 years they have been operating as a financial broker. We have listed the most notable awards and mentions for Eightcap below.

  • Award winning trading platform and mobile apps

Eightcap review
Eightcap Fees Explained

  • Eightcap withdrawal fees varies on payment method
  • Eightcap does not charge a fee for inactive accounts.
  • Eightcap does charge deposit fees.

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

Broker Eightcap IC Markets Roboforex Pepperstone
Min Deposit 100 200 10 200
Withdrawal Fees Yes No Yes No
Inactivity Fees No No No No
Deposit Fees Yes Varies No No
CFD Commission Fees Yes Yes No Yes

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

The fees for withdrawing funds from your Eightcap account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your Eightcap withdrawal request is important.

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 Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer, .

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 do charge deposit fees.

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
What can you trade with Eightcap?

It's essential to note that the trading instruments offered under the Eightcap brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the Eightcap trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, Eightcap offer over 45 currency pairs.

Compare Eightcap with IC Markets and Roboforex below.

Losses can exceed deposits

How Eightcap Trading Options Compare Against Other Brokers

Broker Eightcap IC Markets Roboforex Pepperstone
Instruments Available 100 2250 100 1200
Platforms MT4, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, cTrader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 45 61 35 70
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) No Yes No Yes
Commodity CFDs        
Commodities Offered 0 20 21 16
Metals Yes Yes Yes Yes
Energies Yes Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 0 2100 0 1100
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares Yes Yes Yes Yes
Japanese Shares Yes Yes Yes Yes
Risk Warning Visit Eightcap
Losses can exceed deposits
Visit IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit Pepperstone
74-89 % of retail investor accounts lose money when trading CFDs

Eightcap review
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 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)

Please be aware that Eightcap does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

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

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 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 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 Trading benefits

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

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 Zero spread account
  • Eightcap ECN 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 Credit cards
  • Eightcap accepts Debit cards
  • Eightcap accepts Bank Transfer
  • Eightcap accepts POLi
  • Eightcap accepts UnionPay
  • Eightcap accepts Payoneer
Broker Eightcap IC Markets Roboforex Pepperstone
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer Yes No Yes No
Neteller No Yes Yes Yes

*please note available Eightcap and other broker payment methods depend on the clients country of residence.

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 10,000 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 the ECN and STP execution methods offered by the platform, traders using Eightcap can enjoy tighter spreads and greater transparency when it comes to the pricing of their trades.

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

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

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.

Education Resources at Eightcap

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 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

Broker Eightcap IC Markets Roboforex Pepperstone
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, and Chinese English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, Spanish, Portuguese, Thai, Russian, Italian, French, German, Polish, Chinese, Vietnamese, and Arabic
Learn More Visit Eightcap Visit IC Markets Visit Roboforex Visit Pepperstone
Risk Warning Losses can exceed deposits Losses can exceed deposits Losses can exceed deposits 74-89 % of retail investor accounts lose money when trading CFDs

What you will need to open an account with Eightcap

As Eightcap is regulated by Australian Securities and Investments Commission (ASIC).

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 May 31, 2023.

Watch this Eightcap Explainer Video

Is Eightcap A Good Broker?

We have spent over 5 years examining Eightcap in depth. Although we found some very useful aspects of the Eightcap platform that would be useful to some traders. We feel that a alternative to Eightcap may better suit you.

  • Eightcap have a good track record of offering Forex, CFDs.
  • Eightcap has a history of over 8 years.
  • Eightcap has a reasonable sized customer support of at least 10.
  • Eightcap are regulated by the Australian Securities and Investments Commission (ASIC). Eightcap is subject to strict regulatory oversight from its respective jurisdiction, which holds Eightcap (the broker) accountable for misconduct. This regulatory framework helps ensure that Eightcap operates fairly and transparently and provides Eightcap customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and Eightcap.
  • Eightcap have regulation from reputable regulators.
  • One of the advantages of using Eightcap is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from Eightcap are particularly important as Eightcap traders want to receive their money quickly. With the efficient Eightcap payment processing system, traders can enjoy faster access to their Eightcap funds.
  • Eightcap have an international presence in multiple countries. Including local Eightcap seminars and training.
  • Eightcap can hire people from various locations in the world who can better communicate in your local language.

Eightcap Risk Disclosure

Losses can exceed deposits

Trading Risk Disclaimer

Trading financial instruments such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

Eightcap not quite right?

If after reading this Eightcap review, Eightcap does not fulfill your needs check out these Eightcap Alternatives.

Click here to view the best Eightcap Alternatives

We have spent years researching the best alternatives to Eightcap. Click the links below to learn more.

After extensive research over several years, we have compiled a list of the most effective Eightcap alternatives available today. If you are unsatisfied with Eightcap or want to explore other options, we recommend checking out our carefully curated list of highly-rated Eightcap alternatives. Follow the links below to learn more about these Eightcap broker alternatives and choose the one that best suits your trading needs.

Related Eightcap Vs Comparisons

Throughout our comprehensive Eightcap review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing Eightcap against other popular brokers in the industry, check out our Eightcap Vs pages. Our team has compiled a series of detailed Eightcap comparison articles, pitting the Eightcap platform against some of the best-rated Eightcap competitors in the market. Dive into our informative Eightcap Vs pages below to find out how Eightcap stacks up against other leading brokers.

Eightcap review
EIGHTCAP Frequently Asked Questions

Read our detailed Eightcap FAQ Section updated for 2023.

Can I try Eightcap?

Eightcap offer a demo account so you can try the Eightcap platform with virtual trading before you put down a payment. Virtual trading with Eightcap is zero risk. Learn more here

What funding methods do Eightcap accept?

Please note that the list of payment methods below depends on the Eightcap Entity and the client's Country of Residence.

Eightcap offer the following funding payment methods Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer, among other payment methods.
Learn more here

Losses can exceed deposits

Is Eightcap safe?

Eightcap have over 10,000 users. Eightcap are considered reliable as they are regulated by and checked for conduct by the Australian Securities and Investments Commission (ASIC). 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 bank's financial health and strength.Trading with Eightcap is risky, and because the market is so volatile, losses could happen at any time.

Losses can exceed deposits

Is Eightcap trading good?

Eightcap is considered good and reputable to trade with Eightcap. Eightcap is used by over 10,000 traders and Eightcap users. Eightcap offers Forex trading, and CFDs trading. Minimum deposit with Eightcap is 100.

Is Eightcap trading Legit?

Eightcap was founded in Australia in 2015. Eightcap has been facilitating trade on the financial markets for over 8 years. Eightcap offers clients Forex trading, and CFDs trading. All funds deposited to Eightcap are held in segregated bank accounts for security. Eightcap is regulated by Australian Securities and Investments Commission (ASIC) so can be considered legit.

Is Eightcap a good broker?

Eightcap allows Forex trading, and CFDs trading. Eightcap is overseen by the top tier financial regulators Australian Securities and Investments Commission (ASIC) so can be considered a good broker.

Is Eightcap trustworthy broker?

Eightcap is a reliable platform that can be considered trustworthy due to its strict regulatory practices. When you fund money to Eightcap, money is in a segregated bank account that is separate from Eightcap company's funds. As a regulated broker, Eightcap cannot directly access your funds, which minimizes the risk of misappropriation or fraudulent activity by Eightcap. Instead, your Eightcap funds are held securely in a separate account designated for your investments, providing protection and peace of mind when trading with Eightcap. Also Eightcap is regulated in its local jurisdictions including major financial regulators like Australian Securities and Investments Commission (ASIC).

What is the minimum deposit for Eightcap?

The minimum deposit to trade with Eightcap is 100.

How long do Eightcap withdrawals take?

Withdrawing money from Eightcap processing time varies depending on the method but averages 1-5 days.

Is Eightcap regulated?

Eightcap is regulated by the Australian Securities and Investments Commission (ASIC). Regulatory bodies conduct regular reviews and audits as part of Eightcap maintaining their regulatory status. You can learn more about these reviews on the regulator websites.

Is Eightcap a market maker?

Eightcap is a market maker. Stocks, currency and other commodities and instruments will be brought or sold by Eightcap even if no buyer or seller is lined up.

How can I start trading with Eightcap?

When opening a trading account with Eightcap, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on Eightcap trading platforms, you can follow the link provided below: Learn more about signing up with the Eightcap trading platform here. This will provide useful information and insights into the various trading platforms offered by Eightcap, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with Eightcap?

Yes your money is safe with Eightcap.

Overall, strict financial regulation is essential for ensuring that trading platforms like Eightcap operate fairly, transparently, and responsibly, which ultimately benefits all Eightcap stakeholders involved.

Trading platforms like Eightcap must have strict financial regulation for several reasons:

  • Protecting Eightcap Investors: Strict financial regulation ensures that investors who use the Eightcap trading platform are protected against fraudulent or unethical behavior by the Eightcap platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the Eightcap platform.
  • Maintaining Eightcap Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the Eightcap trading platform. Regulatory procedures reduce the likelihood of the Eightcap platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing Eightcap Transparency: Regulations require trading platforms like Eightcap to maintain detailed records and disclose Eightcap client information. Financial regulatory requirements enhances transparency and helps to build trust between the Eightcap platform and its investors.

Eightcap is regulated by the Australian Securities and Investments Commission (ASIC). When selecting a broker such as Eightcap, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, Eightcap ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like Eightcap.

Is Eightcap a con?

Eightcap is regulated and well established, having been in business for over 8 years. Eightcap is not a con.

Can you make money with Eightcap?

Although traders have had great success with Eightcap, trading on the financial markets with Eightcap is not a get-rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading, your chance of success will greatly increase. Never trade with money you cannot afford to lose. Losses can exceed deposits.

Does Eightcap have fees?

Eightcap withdrawal fees vary on payment method.Eightcap doesn't charge inactivity fees. Eightcap do charge deposit fees.

When was Eightcap founded?

Eightcap was founded in 2015.

How many people use Eightcap?

Eightcap is used by over 10,000 registered Eightcap users.

What is Eightcap Headquarters country?

Eightcap has its head quarters office in Australia .

Does Eightcap offer negative balance protection?

Eightcap does not offer negative balance protection. With Negative balance protection, traders cannot lose more money than they have deposited.

Does Eightcap offer guaranteed stop loss?

Eightcap does not offer guaranteed stop loss. With guaranteed stop loss protection, risk is managed. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does Eightcap allow scalping?

Eightcap offers scalping.

Does Eightcap allow hedging?

Eightcap offers hedging.

Does Eightcap offer CFD trading?

Eightcap offers CFD trading.

Does Eightcap offer STP?

Eightcap offers STP trading.

How many people use Eightcap?

Eightcap is used by over 10000 Eightcap users and traders.

Is Eightcap an ECN broker?

Eightcap offers ECN trading.

Does Eightcap offer a demo account?

Eightcap offers a demo account.

Does Eightcap offer an Islamic account?

Eightcap does not offer Islamic accounts.

What are the funding methods for Eightcap?

Please note that funding methods and options available with Eightcap can be found in the Eightcap Members area and depend on the Eightcap clientโ€™s country of residence. Please check your specific available payment methods on the Eightcap website. Eightcap accept the following funding methods : Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, Payoneer, .

Eightcap review written by Andrew Blumer and Mark Hansen

We hope you found our review of the Eightcap brokerage firm useful.

This article was written by our financial editors, Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

Eightcap review written by Mark Hansen of Comparebrokers.co