Eightcap was established in 2009 in Melbourne, Australia, and holds an Australian Financial Service License (AFSL) with the Australian Securities & Investment Commission (ASIC). Entity, Eightcap Group Ltd, is authorised and regulated by the Financial Conduct Authority (FCA), and its EU entity is authorised by the Cyprus Securities and Exchange Commission (CySEC). Finally, in the offshore island nation of the Bahamas, Eightcap Global Pty Ltd holds regulatory status with the Securities Commission of the Bahamas (SCB). Offering incentives for reviews or asking for them selectively can bias the TrustScore, which goes against our guidelines.
IC Markets Global
For Raw Accounts, Eightcap charges a commission of $7 for every standard lot roundturn. This account type is designed to keep spreads low and accurate to the quotes provided by liquidity providers, maintaining an STP or ECN-like pricing model. Significant hurdles remain for Eightcap to become a top MetaTrader broker, such as its narrow range of available markets and lack of a proprietary mobile app.
What trading platforms does Eightcap offer?
Eightcap supports fast, convenient deposits and withdrawals through Visa, Mastercard, PayPal, Skrill, Neteller, bank transfers, and crypto. Most deposits are instant, withdrawals take 1–5 days, and there are no internal fees, though third-party charges may apply. The plethora of educational resources is why we say that this broker is appropriate for traders of all skill levels.
Each year, we collect thousands of data points and publish tens of thousands of words of research. Eightcap’s global reach is anchored by top-tier regulation in multiple jurisdictions, including Australia, the UK, Cyprus, and the Bahamas. This widespread regulatory footprint ensures trader protection, compliance, and secure access to markets around the world. Yes, Eightcap is regulated by reputable financial authorities, including ASIC (Australia), FCA (UK), CySEC (Cyprus), and SCB (Bahamas), offering traders a high level of security and compliance across several jurisdictions. Eightcap is a trusted broker that provides Contracts for Difference (CFDs) and low spreads on 1000+ financial instruments. It is regulated by one tier-1 regulator (highest trust) and one tier-3 regulator.
Brokers
Eightcap’s educational offering delivers a wide variety of written articles, but only a limited selection of videos. Some of the best brokers in this category offer lesson programs, complete with quizzes and progress tracking – features that are absent at Eightcap. Eightcap is an award-winning regulated broker which specialises in providing online Forex and CFD trading solutions to clients worldwide via the popular MetaTrader and TradingView platforms. I’m very happy with this broker service.Very good spreads, always smooth data flow, quick and easy withdrawals and nice and quick customer support.
Eightcap ensures every trader receives responsive, real-time assistance through live chat, phone, and email. With 24/5 live support and regional contact options, the broker focuses on fast, efficient, and friendly service worldwide. Eightcap offers a wide selection of forex pairs, including popular majors like EUR/USD, GBP/USD, and USD/JPY. Traders can benefit from ultra-tight spreads that start from 0 pips, providing cost-effective access to the forex market. It also does not have any investor protection scheme for non-UK/EU traders.
FXTM vs ThinkMarkets Compared 2025: Features, Pros, Cons, and More!
Eightcap offers these trading instruments all with competitive spreads which is why I think the broker will appeal to you. Eightcap’s 56 forex pairs and roughly 800 CFDs put its range of investments in line with the industry average. Eightcap offers various asset classes, including shares, indices, commodities, and cryptocurrencies. The range of markets available at Eightcap will depend on the platform you use, your country of residence, and the Eightcap entity that holds your account. The following table summarizes the different forex and CFD investment products available to Eightcap clients.
- Companies on Trustpilot aren’t allowed to offer incentives or pay to hide reviews.
- It offers competitive spreads, MetaTrader platforms, strong support, and flexible accounts for traders of all experience levels.
- For instance, if you encounter any user complaints, you might discuss them with the broker to verify if such issues exist.
- Serving both beginners and experienced traders, the team provides prompt and professional assistance, ensuring help is available whenever it is needed.
- Such differences in speed may affect traders relying on quick execution, like scalpers or high-frequency traders, where milliseconds matter for trade profitability.
Eightcap Withdrawals
Eightcap uses several communication channels for clients in different regions. After registration the broker requires you to complete the KYC (Know Your Customer) procedure. To do this you need to upload an identity document (passport or driver’s license) as well as a proof of address.
What is the maximum leverage in Eightcap?
Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. eightcap broker review Tobi’s main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized.
What is the maximum leverage on Eightcap?
- Processing times may vary slightly based on your bank or provider, but Eightcap aims for fast, efficient withdrawals.
- My team has prepared a trading platform selector, so you can work out what software best matches your trading needs.
- In addition to being heavily regulated by multiple different organizations and governmental bodies, Eightcap also uses the “gold standard” of platforms for its trading.
- However, all other factors, such as response time and accuracy from their support agents were fantastic during my hands-on testing.
By reading this review, you will gain a better understanding of whether Eightcap is the right broker for your trading needs and preferences. Yes, Eightcap operates with an ECN/STP model, especially on Raw accounts, offering direct access to liquidity providers with low spreads. On the Standard account no separate commission is charged—all costs are included in the spread. On the Raw account a commission of $3.5 per side is applied (a total of $7 per round lot), which corresponds to the average level among brokers with an ECN model. The Eightcap minimum deposit requirement is $100, or a currency equivalent, for all Eightcap account types. A responsive customer service team stands by to assist, which is helpful for traders from countries with verification issues or a less-established system to source the necessary documents.
Conversely, traders in need of additional investor protection or swap-free options may want to explore other alternatives. Born from a vision to democratize trading, Eightcap emerged as an Australian fintech broker more than a decade ago, carving its niche in the dynamic world of CFDs. This approach not only opened doors for seasoned traders but also extended a welcoming hand to newcomers eager to navigate the trading landscape. At the heart of Eightcap’s offering is a commitment to technology and flexibility. Traders can choose from well-loved platforms like MetaTrader 4 and 5, alongside the intuitive TradingView, ensuring that both manual and automated strategies find their ideal environment.
3TG Brokers does not accept any liability for any loss or damage incurred as a result of using this information. If using the Eightcap RAW account, you will be charged USD $3.00 plus the spread for each lot you trade. Having traded since 1998, Justin is the CEO and Co-Founded CompareForexBrokers in 2004.
