Eightcap Broker Review

Written by Naylyan Nazifova

Naylyan Nazifova

Naylyan Nazifova is a recognised expert in the online trading field. She has many publications and analysis covering forex trading, stock investing and personal finance. 

, | Updated: April 10, 2025

Whenever you are on the lookout for a reputable online broker offering easy portfolio diversification through great market exposure, Eightcap is the right option for you. Regulated in multiple jurisdictions, Eightcap caters to a global traders audience, offering them an extensive selection of Forex and CFD instruments.

In this review, we will offer a detailed dissection of all key elements that make Eightcap a great choice for traders. To be fully transparent with our readers, we will highlight both the strengths and the weaknesses of the brand. As of 18 March 2025, Eightcap’s Trustpilot score is 4.2, which is based on a total of 2,909 customer reviews. About 72% of reviewers have given the brand the highest score of five stars, while four, three, and two stars were the ratings of 12%, 3%, and 2% of reviewers, respectively. Some 11% of reviewers gave Eightcap only one star.

Key Pros and Cons

Company Information

Founded in 2009 in Melbourne, Australia, Eightcap is a global brand catering to numerous traders across multiple jurisdictions. Regulated by tier-1 authorities, the broker is fully compliant with stringent anti-money laundering (AML) and counter-terrorism financing (CTF) practices, ensuring a fair and safe trading environment. Offering over 800 CFD products, Eightcap covers markets like Forex, Commodities, Indices, Shares, and Cryptos.

To be fully compliant with regulations across different jurisdictions, Eightcap has several entities, each regulated by a reputable regulator:

• Eightcap Pty Ltd – Entity based in Melbourne, Australia and operating under a license from the Australian Securities and Investments Commission (ASIC).
• Eightcap Group Ltd – Entity authorised and regulated by the Financial Conduct Authority (FCA), registered in the UK and Wales.
• Eightcap EU Ltd – The European entity of the broker, catering to traders residing in EU regions. Registered in Cyprus, the entity operates under a license issued from the Cyprus Securities and Exchange Commission (CySEC).
• Eightcap Global Limited – Entity catering to international traders, operating under a license issued from the Securities Commission of The Bahamas (SCB).

With extensive experience in the trading field, Eightcap knows how to cater to different traders, offering them various platforms, account types, and competitive trading conditions.

Why Trade with Eightcap?

Below, is a concise list of the aspects we appreciate the most about the trading experience at Eightcap.

Regulation

One reason to consider Eightcap as your top pick for trading is the regulatory status of the brand, being licensed and regulated by several major authorities in the trading sector. As mentioned earlier, the broker has four entities that have been authorized to operate by four major regulatory bodies.

The Australian entity of Eightcap has received permission to operate from ASIC, offering Australian traders Forex and CFD instruments under license number 391441. Additionally, the broker has also been authorized to offer trading services to British traders under its Eightcap Group Ltd entity, which has been licensed from the FCA (reference no. 921296).

European traders outside the UK can also trade at Eightcap as the broker has also received the CySEC stamp of approval. Registered in Cyprus, the Eightcap EU Ltd entity has been authorized to operate under CySEC license number 246/14.

There is also the Eightcap Global Limited entity, which is regulated by SCB and operates under license number SIA-F220.

Here is a breakdown of the regulators that monitor the operations of Eightcap in multiple jurisdictions:

The Australian and European entities of Eightcap are following strict regulations imposed by the ASIC, FCA, and CySEC to ensure a safer trading environment for both traders and trading service providers. Mandatory negative balance protection, investor compensation schemes, and leverage caps are some of the specific requirements Eightcap must meet in order to operate in the UK, countries from the EU, and Australia.

Foreign traders outside the aforementioned jurisdictions can also trade with Eightcap as the international entity of the broker has received permission to operate from the SCB, which is the official regulator in the Bahamas. While this authority is also adamant about brokers implementing advanced client protection measures, it is a bit more relaxed when it comes to leveraged trading. That is why the SCB-regulated entity of Eightcap offers leverage up to 1:500 on Forex products.

KYC Procedure for Account Creation and Depositing

As already covered, Eightcap is a broker operating under the regulatory guidance of several tier-1 global regulators, meaning, the brand is following stringent requirements regarding transparency, client protection, and fairness. To fully comply with AML and CTF regulatory requirements, Eightcap’s clients must complete a mandatory Know Your Customer (KYC) step.

During the registration process, traders who wish to open a live trading account with Eightcap need to confirm their identity and address. This is done by uploading pictures of an ID card or passport for identity verification and submitting a utility bill or bank statement where the provided address can be confirmed. Before you get to this step, however, we would like to introduce you to the stages of opening a live account with Eightcap.

1. If you are ready to start trading with Eightcap, you can head to the homepage of the broker’s website and select ‘Create Account’, which is a button available in several sections on the screen. This will allow you to choose whether to register with an existing Gmail account or choose a different email option.
2. Enter your email address and choose the password for your Eightcap account. Keep in mind there are specific requirements for the password such as its length or the presence of capital letters, numbers, and special characters. At this stage of the registration process, you will also see the exact Eightcap entity you are opening your account with.
3. Select your country of residence and provide your first and last name, as well as your phone number.
4. The broker will send you a confirmation email and once you verify your email address, you will be redirected to the Application section of the account opening process. Here, traders must provide personal details such as date of birth, physical address, and any country-specific details required for taxation.
5. The following step requires setting up your trading account parameters such as trading platform, account type, base currency, and leverage cap.
6. After you confirm you have read and agree to the policies of Eightcap, you can proceed to the KYC process to confirm your identity.
7. Once you submit the required documents, your account application will be sent for approval.

It may take one business day for the broker’s compliance team to approve your account application. After the approval, you will be notified by email that your live account is activated, and you can upload funds to start trading. The minimum deposit amount for any account type at Eightcap is $100.

If traders wish to practice before they open a live account with Eightcap, they can start by opening a Demo account with the broker. This process will require a simple step where traders need to provide the email address and password they wish to use for their account and choose a few specifics about their Demo account.

No Suitability Test Requirement

It is worth noting that Eightcap has made the registration process as simple as possible, eliminating the need to take a suitability test before you open a live trading account. While quizzes are included in the registration process with some brokers, the only step that may require a little more time during the registration with Eightcap is the KYC step, which demands document submission.

Account types

Upon setting up their live trading accounts, Eightcap traders can choose between two account options, each offering different perks. Forex traders can choose to open the following live accounts with Eightcap:

• Standard Account – zero-commission trading with slightly wider spreads
• Raw Account – charges a small commission but spreads start as low as 0.0 pips

Demo Account

As mentioned, Eightcap allows virtual trading with a Demo account as well. If you have not registered with the broker, you can opt for a Demo account trial, and provide a few simple details to register with Eightcap. Alternatively, if you have gone through the whole live account application process, you can also open a Demo account once your application gets approved. In fact, traders who have active live trading accounts can open up to 6 Demo accounts at the same time – three on the MT4 platform and three on the MT5 trading software. Demo accounts at Eightcap are deactivated 30 days after their creation or once traders have placed 5,000 virtual trades with their Demo accounts.

Eightcap Pro

Traders who have registered with Eightcap under the Eightcap Group Ltd entity will have a single retail account option at their disposal. While this account version comes with leverage restrictions of up to 1:30 on major Forex pairs and up to 1:20 on minors, it is possible to increase these limits by opening an Eightcap Pro account. The ASIC-regulated entity has also imposed the same leverage limits on retail accounts, allowing professional traders to lift these limits. The Pro account is a version catering to professional traders, allowing them to unlock leverage of up to 1:200 on Forex pairs and Gold. To qualify for professional trading, Eightcap members must meet several requirements, which may include work experience in the financial sector of at least one year, trading leveraged derivatives in significant sizes over the last 4 quarters, and obtaining a financial instruments portfolio exceeding €500,000.

For Aussies, the qualifications for professional accounts include a sophisticated trader and a high net worth investor criteria. The first condition is met if traders successfully complete a Sophisticated Investor Assessment test, provide proof of substantial trading volume of at least AU$2 million, supply a signed Sophisticated Investor Acknowledgement Form, and complete a questionnaire that will show their experience and knowledge in the derivative trading sector. The net worth standard is met when traders have a gross annual income exceeding AU$250,000 for the past two years or own net assets worth at least AU$2.5 million.

Account Types You Will Not See at Eightcap

While you can open both demo and live trading accounts at Eightcap, there are a few options missing from the list of supported account types. Unfortunately, the broker does not support swap-free (also called Islamic) accounts that do not apply swaps on overnight trades. That makes Eightcap unfit for traders who cannot pay or receive swap fees due to their religious beliefs.

Members of Eightcap will not be able to make use of managed accounts as well. That eliminates the perk of having an account manager handling your orders, and making informed decisions about your trades instead of you. On the other hand, experienced trades also do not have the opportunity to make additional income from managing several trading accounts at once.

Trading fees and other costs

Before you engage in any trading activities with Eightcap, it is recommended to explore any fees applicable to your trading account. Like most Forex and CFD brokers, Eightcap imposes some surcharges you need to take into account. To help you understand the fee structure of the broker, we will discuss two types of broker fees:

• Trading fees – these include spreads, commissions, and overnight fees, applicable to your trades
• Non-trading fees – these include account dormancy fees, withdrawal and deposit fees, and any account-management fees

Below is a table displaying all the trading and non-trading fees at Eightcap:

Spreads

To ensure competitive prices, Eightcap provides tight spreads across all tradable symbols it offers to its clients. As already covered, the broker, excluding its FCA-regulated entity, offers two main account types that have adopted different pricing models.

Standard Account – spread-only model with slightly wider spreads
Raw Account – charges spreads and commission, but spreads are significantly tighter

Below is a comparison table showing the average spreads on popular Forex pairs across the two account types available at Eightcap:

To show you how trading with a Standard and Raw account will affect your overall trading expenses, we will provide a very simple example of trading the EUR/USD pair with the two different account types at Eightcap.

For our example, we will consider a 1-lot trade, where one pip movement equals $10. To make our calculations easier to understand, we will consider that the trade opens and closes at the same price. At the moment of writing this article, the average spread on EUR/USD is 1.1 pips when traded with a Standard account and 0.1 pips when traded with a Raw account.

Standard Account Price:

Spread: 1.1
Spread + $0 commission = 1.1 x $10 = $11 per side
Total Cost: $11 x 2 = $22 for a roundtrip trade

Raw Account:

Spread: 0.1
Spread + Commission = (0.1 x $10) + $3.50 = $1 + $3.50 = $4.50 per side
Total Cost: ($1 x 2) + ($3.50 x 2) = $2 + $7 = $9 for a roundtrip trade

As you can see, despite charging a commission on every side of the trade, the Raw account still offers lower total trading cost due to its extremely tight spreads.

Commissions

When estimating the overall trading cost, it is necessary to consider the commission factor. At Eightcap, traders can choose either the commission-free trading model of the Standard account option or they can trade with tighter spreads and pay a small commission on each side of their trades. It should be noted that trading shares with a Standard account will incur commissions.

Depending on the base currency of your trading account at Eightcap, the commission you will be charged on each side of a trade is 3.5 AUD, USD, NZD, SGD, CAD, 2.25 GBP, or 2.75 EUR. It should be noted that said commission is applied on each lot traded (100,000 units), meaning trading with micro accounts will reduce the commission charge, while trading with larger lots will increase the commission applied to trades.

• Standard lot trade (100,000 units) – a $3.50 commission is charged per side, and $7 for a roundtrip trade
• Mini lot trade (10,000 units) – $0.35 commission per side, $0.7 commission charged for a roundtrip trader
• Micro lot trade (1,000 units) – $0.035 commission charged per side and $0.07 commission applied to a roundtrip trade

Financing Charges

If traders decide to keep their positions overnight, the broker will apply so-called swap rates. Depending on the way the market is moving, swaps can either be received or paid by traders. While rates depend on interest rates and other market conditions that are constantly updated, we can provide the formula Eightcap uses for swap rates applied on overnight positions.

• For Forex, Metals, and Oil Trades:

SWAP Rate * Lots(Volume) * Nights = SWAP rate in the second currency.

• For Shares:

Тhe lots(volume) * The contract size * The current stock price * ((The SWAP rate/ 100) / 365)

• For Crypto:

(Lots(volume) * Current price * Long(Buy) or Short(Sell) rate / 100 )/ 360

• For Indices:

SWAP Rate Long/Short * lots(Volume) * Nights held = SWAP charge

Since markets, except for the crypto sector, are not operating on weekends, swaps on overnight positions are tripled on certain days of the week. For Forex, metals, and oils, the triple swap is applied on Wednesdays, while for shares, the triple charge is every Monday. The triple swap on indices is on Fridays. As mentioned, the crypto market is active on weekends and bank holidays, so there is no triple swap enforced on crypto positions held open overnight.

Deposit fees

One of the biggest advantages of Eightcap is that the broker does not impose any internal fees on deposits, no matter which payment method is used by traders. It should be noted, however, that third-party payment service providers may levy some surcharges whenever traders use certain methods to top up their accounts at Eightcap.

Withdrawal fees

Not only will Eightcap charge zero fees on deposits, but the broker also imposes no internal fees on withdrawals. Yet again, traders should be aware of any fees charged by payment service providers before they utilize certain methods for their transactions at Eightcap.

Inactivity fees

Inactivity fees are also a key non-trading surcharge to consider before you open a live account with Eightcap. You should keep in mind that Eightcap does charge accounts a $10 inactivity fee if they have been dormant for the previous three calendar months. The broker considers inactivity a period during which there have been no deposits and no trades made by the respective account holder. Whenever traders hold several live accounts with Eightcap, if at least one of them is active, there will be no inactivity fee charge.

It should be noted that this inactivity fee is applicable to traders who have registered with the Eightcap EU Ltd entity, so there might be no inactivity fees charged if you have registered with other entities of the broker.

Overall on Fees

Traders who open live trading accounts with Eightcap have the chance to enjoy some of the most competitive trading prices online. This is especially true for those who opt for the Raw account option offered by the broker as it provides extremely tight spreads that start at 0.0 pips on major Forex pairs. As for commissions, unless you trade shares, you will be charged zero commissions on trades carried out with the Standard account at Eightcap. Meanwhile, the Raw account charges a small commission of only $3.50 per side per lot traded. As for non-trading fees, there are no hidden surcharges as the only non-trading charge you can come across is an inactivity fee of $10 if your account has been left unattended in the last three months.

Desktop Trading Platforms

Traders who join Eightcap will have access to several innovative, user-friendly, and accommodating trading platforms. To cater to both beginners and advanced traders, the broker supports cross-device versions of:

• MetaTrader 4 (MT4) – One of the most widely used trading platforms on a global scale
• MetaTrader 5 (MT5) – The successor of MT4, offering more order types, advanced technical indicators, and charting tools
• TradingView – A great third-party platform for social trading, offering robust analytical tools and advanced charts

It should be noted that not all three platforms are available across all Eightcap entities, with the European website of the broker supporting only MT5 and TradingView, while the FCA-regulated entity offers trading only via TradingView.

MT4

MT4 is a widely utilized trading platform that can be used as trading software by both Standard and Raw account holders at Eightcap. Thanks to its user-friendly interface and adjustable charts, MT4 is suitable for both beginners and experienced traders. The platform offers Eightcap members access to more than 1,000 tradable instruments, 9 timeframes, and 30 technical indicators.

In addition to a web-based version, MT4 can also be downloaded and installed on your desktop device, running on Windows or macOS. Mobile trading is also available through the MT4 app dedicated to Eightcap traders who use Android and iOS smart devices.

MT5

Members of Eightcap can also choose to trade Forex, commodities, shares, and other products through MT5, which is the successor of MT4. This platform has expanded the range of tools and orders available to traders, allowing them a better market examination, and easier decision-making. Developing more sophisticated automation trading is also available through more advanced expert advisors (EAs), which are easily integrated into MT5.

To offer an elevated trading experience, MT5 delivers 21 timeframes and 38 technical indicators. Cross-platform trading is also available to MT5 traders who can either load the software directly in their browser or install the platform on their desktop and mobile devices. Whether traders choose the Standard or Raw account option, they will be able to trade on the MT5 platform.

TradingView

Traders who choose to trade with the Standard account type at Eightcap can also resort to TradingView, which is a popular software enabling advanced social trading by providing a great trading community to all of its users. TradingView is also the only third-party trading platform that has been adopted by the FCA-regulated entity of Eightcap.

In addition to presenting easier idea sharing between fellow traders in the TradingView community, this platform also provides advanced charting tools, technical indicators, and smart drawing tools that enable easier market analysis. With 9 timeframes, over 15 customizable chart types, and alerts, TradingView users can take their trading experience to the next level. One can choose to access the platform directly on their preferred browser or install the TradingView app on their Android or iOS device.

Copy trading with Eightcap

While Eightcap does not deliver a tool specifically dedicated to copy trading, it is possible to copy trades of signal providers if you trade with MT4 or MT5. To indicate traders worth copying, you can check the list of successful traders provided on the official websites of MetaTrader 4 and MetaTrader 5.

TradingView is more suitable for social trading, which allows you to share your ideas with fellow traders or learn some new strategies from other members of the TradingView community. While there are third-party platforms that can be utilized for copy trading on TradingView, Eightcap does not offer this option directly.

VPS Hosting

Traders who are eligible for Eightcap Pro accounts will also have access to ProVPS, which enables extremely fast execution and reduced latency for one’s orders. Additionally, the third-party VPS hosting provider FXVM offers Eightcap members access to advanced trading, with 1ms of latency time. The Equinix server of this VPS is hosted in Tokyo, facilitating extremely fast order execution, taking under 60 seconds for the VPS to go online. While this is a paid service, traders can make use of a free trial that will allow them to test the product before deciding whether VPS trading is for them.

Mobile Trading Platforms

MT4 and MT5 Mobile Apps

If you have created your Eightcap account and have chosen to trade either with MT4 or MT5, you can download the respective platform’s dedicated app on your iPhone or Android-run device. That will grant easy access to the full set of order types, technical indicators, and timeframes available on MT4 and MT5.

TradingView Mobile App

The popular social trading platform also has a dedicated app that can be installed on Android and iOS devices, allowing Eightcap members to analyze markets, use advanced charting tools, and place orders on the go.

Trading Instruments

When it comes to the selection of tradable instruments available at Eightcap, you can easily diversify your portfolio by trading a wide selection of Forex and CFD assets. Boasting a trading library of over 800 CFD products, Eightcap offers its customers access to markets like Forex, Commodities, Indices, Cryptos, and Shares.

Naturally, the list of share CFDs is the most extensive one, but other categories also offer a decent number of tradable assets. Since all products are traded as CFDs, you do not own the underlying asset but you can take both long and short positions on the price of each instrument.

Forex

When it comes to Forex trading, Eightcap offers over 50 popular currency pairs you can trade on any of the third-party platforms supported by the broker. Major pairs like EUR/USD, GBP/USD, and AUD/USD are just a small number of instruments you can trade at Eightcap, with spreads on such pairs starting as low as 0.0 pips if you decide to trade Forex with a Raw account.

While the smallest contract size for Forex trades at Eightcap can be 0.01 lots, the biggest order you can place on a Forex pair is capped at 40 lots. As for the leverage available to Forex traders, the maximum ratio will vary depending on the regulator overseeing the operations of the Eightcap entity you have registered with.

To be fully compliant with regulatory measures imposed by the CySEC, FCA, and ASIC, Eightcap offers maximum leverage of 1:30 on major currency pairs, and 1:20 on minor pairs. Since these limits apply only to retail traders, those eligible for professional trading can access higher leverage ratios on Forex trades. Much higher leverage is also available to traders who have registered with the SCB-regulated entity of Eightcap, allowing trading both major and minor Forex pairs with leverage up to 1:500.

Commodities

As a member of Eightcap, you will be able to trade over a dozen of Commodity CFDs, which include metals and energy commodities traded against popular currencies. The minimum spread on assets like Spot Crude Oil and Spot WTI Oil is $0.3, while XAG/USD and XAU/USD can be traded with a minimum spread of $0.50 and $0.12, respectively.

The contract size when trading commodity CFDs at Eightcap can range between 0.01 and 100 lots for Crude Oil, WTI Oil, and XAG/USD. Meanwhile, the trade size on the rest of CFD commodities can be between 0.01 and 50 lots. The maximum leverage traders can use while trading CFDs on commodities is capped at 1:10 under FCA, CySEC, and ASIC and 1:100 under SCB. The only exception is Gold, which can be traded with leverage up to 1:20 under regulations imposed by FCA, CySEC, and ASIC. Meanwhile, CFDs on the precious metal allow leverage up to 1:500 if you are trading on the Eightcap entity regulated in the Bahamas.

Indices

If you prefer to trade CFDs on major and minor indices, Eightcap has prepared 17 products that can be traded on all third-party platforms available to the broker’s clients. Spreads on indices like US30 Dow Jones Industrial Average, UK100 UK 100 Cash, and SPX500 US SPX 500 Cash can start as low as $0.6, £1.5, and $0.4, respectively. The contract size on index CFDs ranges between 0.01 and 40 lots.

Those who trade on the Eightcap entities regulated outside the Bahamas will have access to maximum leverage of 1:20, while the SCB-regulated entity allows trading indices with leverage of up to 1:200.

Shares

At Eightcap, traders can choose from an extensive list of CFDs in stocks, all available on the MT5 and TradingView platforms. Spreads on stocks are calculated using a Direct Market Access pricing model and a $2 commission is charged per side per lot traded. Keep in mind that the commission is applied even if share CFDs are traded with a Standard account. The minimum order size is 0.01 lots while the maximum trade size is capped at 100 lots. No matter the entity you have registered with, the maximum leverage available on share CFDs is capped at 1:5.

Cryptocurrency

Popular and emerging crypto coins can also be traded at Eightcap as CFDs, allowing speculation on this highly volatile market without actually obtaining any crypto assets. Compared to other brokers, Eightcap offers a significant number of tradable crypto assets. Competitive spreads are clearly offered to crypto traders who will have starting spreads of $12, $2, and $0.001 on major cryptos like Bitcoin, Ethereum, and Ripple, respectively.

The minimum size of a trade can be 0.01 lots, while the maximum depends on the underlying cryptocurrency being traded. The maximum leverage available to crypto traders is capped at 1:20 for trades operated under the SCB regulation. Meanwhile, eghtcap’s entities regulated outside the Bahamas have imposed a leverage cap of 1:2 on crypto CFD trades.

Trade Execution

To offer its customers full transparency and competitive prices, Eightcap has adopted a non-dealing desk (NDD) order execution model. That means orders are not processed by a dealing desk, which is the case with market makers, but rather through liquidity providers, ensuring tighter spreads. Orders are executed by other traders taking the opposite side of a trade. That means there is no conflict of interest as the broker does not trade against its customers.

As already covered, Eightcap offers a Raw account option, which is a clear indicator of an NDD order execution model. Raw accounts typically adopt ECN/STP executions, which ensure faster order processing and lower spreads that are constantly changing due to current market movements. According to information available on Eightcap’s website, the broker utilizes an ECN model to form its prices.

Stock CFDs are traded using the so-called Direct Market Access (DMA) pricing model. That means traders access the direct underlying exchange’s order book. That means that orders are directly sent to the exchange instead of being processed by a broker’s dealing desk. The DMA is a commission-based pricing model that offers great transparency to traders.

Deposits

Those who wish to start trading with their live accounts at Eightcap will first need to activate them by depositing money. Whether you choose the Standard or Raw account version, you will need to meet the minimum deposit requirement of $100.

Since Eightcap is truly a global brand, it caters to the preferences of different traders, allowing its clients to set up their trading accounts in the following base currencies:

• AUD
• USD
• EUR
• GBP
• NZD
• CAD
• SGD

Traders can resort to various payment solutions for their Eightcap deposits, with the majority of methods facilitating instant account funding. As Eightcap knows that non-trading fees can be burdensome, it does not charge any deposit fees, no matter the method traders are utilizing. That said, it should be considered that some third-party payment service providers may impose fees on transactions to your Eightcap account.

As for the payment solutions available to Eightcap members, the broker accepts deposits from an extensive list of region-specific and global options. Below is a table with supported deposit methods and their processing times.

Withdrawal Methods

Withdrawals at Eightcap are processed to the same card, wallet, bank account, or other payment service traders have originally used for their deposits. That said, it is possible that some methods are supported only as deposit options, which still enables easy withdrawals via bank transfers.

The minimum required withdrawal amount is $25 on bank transfers and instant banking services. The rest of the supported options require withdrawing at least $50. The good news is that the broker does not impose fees on withdrawals, no matter the method used for the transfer of funds. However, traders should be aware of any potential surcharges from the respective third-party service provider. We should also note that there is a withdrawal request approval time, which may range between 1 to 2 business days. Once the transaction is approved the processing time depends on the service used for the withdrawal.

Customer Support Contacts

Traders will have multiple contact channels they can use whenever they need help with their accounts, trading, payments, or any other aspect of their experience at Eightcap. You can get in touch with the friendly support team of Eightcap via:

1. Live Chat – If you wish to contact any of Eightcap’s agents and resolve any issue within just a few seconds, you can use the live chat service of the broker. The only downfall of the chart service of the brand is that it is not available 24/7.
2. Telephone Contact – If you wish to speak to a support agent, you can call +61 3 8592 2375 and you will be able to speak to an Eightcap representative within a few minutes.
3. Email support – If you are not in need of urgent help or you simply do not wish to speak directly to an agent, you can use the email support channel to send a query with your question. The support team will send you a proper response within a few hours. You can send your emails at global@Eightcap.com.
4. FAQ – Before contacting the support team, you may also take a look at the FAQ section of Eightcap where you can find useful information on numerous topics related to the trading experience with the broker.

Research and Educational Materials

If you are new to trading and you do not feel confident in your trading skills, you can start your journey at Eightcap by simply studying more about trading. The broker offers an exclusive educational platform that can be very useful for both inexperienced traders and experts who are looking to upgrade their trading knowledge. In addition to the education hub at Eightcap, traders can also access a set of tools, which enable easier market analysis. The instruments available to members of the broker include:

• Eightcap Labs – Educational platform, offering trading guides, e-books, various insights, webinars, and plenty of educational materials for both newbies and more experienced traders
• AI Economic Calendar – Provides historical market data, helping Eightcap clients develop their trading patterns and strategies.
• Capitalise.ai – Tool that optimizes automation trading, allowing traders to create automated strategies by using pre-set conditions or numerous templates available in the Capitalise.ai library
• FlashTrader – When activated, this tool will automatically choose stops and profit targets on every order, allowing traders to focus on their strategies

Security and Money Guarantees

When trading with Eightcap, traders can be certain their funds will be protected using industry-standard security tools and AML-compliant measures. The entities regulated under ASIC, FCA, and CySEC are required to impose the following mandatory customer protection measures:

• Negative balance protection for retail clients
• Funds segregation
• Investor protection fund

While the SCB is less strict about risk-assessment measures implemented by the broker, the Eightcap entity regulated in the Bahamas is still required to be fully compliant with AML and CTF guidelines, guaranteeing a secure environment for its clients. What is more, the broker should inform its customers about the potential risks related to Forex and CFD trading, especially when trading with leverage.

Under CySEC’s regulations, clients eligible for investor compensation can receive up to €20,000 as collateral. Traders who have registered with the FCA-regulated entity are eligible for a compensation of up to £85,000 per person in case of broker’s insolvency.

Conclusion

The team of BestBrokers who has reviewed Eightcap is positive that this broker is a suitable option for various types of traders. Regulated by several top-tier authorities, the broker is fully compliant with strict customer protection rules and guidelines.

ECN pricing model ensures fast order execution and fair prices. As for the Raw account option, Forex traders can benefit from extremely tight spreads that start as low as 0.0 pips on major currency pairs. No hidden fees and low commissions further contribute to the competitive trading cost at Eightcap.

With multiple payment options, traders can instantly top up their accounts and pay zero fees on their top-ups. While there is a mandatory $100 deposit minimum on both account types, we believe this is a very reasonable lower limit. What is more, with micro trades available on all tradable instruments, Eightcap offers an affordable trading experience to all kinds of traders.

Written by N. Nazifova