Eightcap Review
Key Facts
Regulation
ASIC · FCA · CySEC+2 more
Broker Type
STP, ECN, NDD
Min. Deposit
$100
Platforms
TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradeLocker
Fees
Low
Max Leverage
1:500
Demo Account
Yes
Inactivity Fee
-
Our Ratings
4.0
out of 5
Safety & Regulation4.6
Fees & Costs4.6
Platforms & Execution4.2
Education3.5
60% of retail FX and CFD accounts lose money.
Eightcap - At a Glance
Company & Overview
- Headquarters
- Lvl 37, Rialto South Tower, 525 Collins Street, Melbourne, Vic, 3000, Australia
- International Offices
- Australia, United Kingdom, Seychelles, Bahamas, Vietnam, China, Cyprus, Vanuatu
- Broker Type
- STP, ECN, NDD
- Regulation
- ASIC (Australia), FCA (United Kingdom), CySEC (Cyprus), SCB (The Bahamas), SYC (Seychelles)
- Segregated Client Funds
- Yes
- Negative Balance Protection
- Yes
- Languages
- English, Spanish, French, Chinese, German, Portuguese, Italian, Thai, Vietnamese, Bulgarian, Korean, Indonesian
- Customer Support
- Email, Phone, Live Chat
Account Types
- Demo Account
- Yes
- Swap Free Account
- No
- Joint Account
- Yes
- Managed Account
- No
- PAMM / MAM Trading
- No
- Social / Copy Trading
- No
Account Conditions
- Minimum Deposit
- $100
- Payment Methods
- Bank Transfer, Debit/ Credit Card, Apple Pay, Google Pay, Paypal, BPay, UnionPay, Skrill, Neteller, Cryptocurrency, Interac, Fasapay, Pix, Dragon Pay, PSP Virtual
- Account Currencies
- AUD, USD, GBP, EUR, NZD, CAD, SGD, RMB, BRL, MYR, PHP, THB, VND, MYR, IDR, USDT, BTC
- Maximum Leverage
- 1:500
- Bonuses
- Yes
- Contests
- Yes
Trading Conditions
- Markets & Products
- Forex, CFDs
- Minimum Lot Size
- 0.01
- Maximum Lot Size
- 100
- Decimal Pricing
- 5 decimals
- Hedging
- Yes
- Scalping
- Yes
Fees & Costs
- Spread Type
- Variable
- Spread From
- 1.0 pips (Standard Account), 0.0 pips (Raw Account)
- Commission
- $3.5 per standard lot traded (on Raw account only)
Platforms & Tools
- Trading Platforms
- TradingView, MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradeLocker
- API Access
- No
- VPS Hosting
- Yes
Pros & Cons
Pros
- Strong regulatory oversight
- Fast and easy account opening
- Low minimum deposit
- Multiple fast and secure payment
- Multiple account currency options
- Free deposit and withdrawal
- Low forex fees
- Low CFD fees
- Negative balance protection
- Demo account for practise trading
- Support TradingView, MT4 and MT5
Cons
- Limited product range
- No proprietary trading platform
- Limited research tools
- No integrated social/copy trading feature
