Eightcap Review
💲 Min Deposit $100
⌛ Year Established 2009
💼 Regulation
💡 Min Position 0.01 lot
🌐 Website www.eightcap.com
🌎 Country
⚖ Max Leverage 1:500
👨💻 PAMM
📊 MAM
Compensation scheme
Negative balance protection
📁 Segregated accounts
Swap
Low spread eur/usd
Education
Webinar
Eightcap is a well-established broker since 2009. Eightcap has headquarters in Australia, Vanuatu and Bahamas. Eightcap to provide their Forex/CFD trading services to global clients.
This broker has also been regulated by ASIC 391441, SCB SIA-F220, FSA (Seychelles), FCA and CySEC.
Account Information
Apart from the forex demo account, this broker offers Standard and Raw. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by Eightcap is up to 1: 500. Meanwhile, you can open an account with a starting capital of $100.
Min Deposit
$100
Max Leverage
1:500
Spread
Variable
Commission
$3.50
If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission
Instruments Traded
Besides lots of currency pair, Eightcap also offers some instruments you would like to trade on, such as Forex, Indexes, Crypto, Stock, Gold and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Standard account, Eightcap specifically provides it with the following instruments and leverage:
💲 Min Deposit $100
💡 Min Position 0.01 lot
🔢 Spread Variable
📉 Scalping
🤖 Expert Advisors
💱 Hedging
⏱ Trailing stop
⏳ Pending orders
1️⃣ One-click trading
⚡ Automated trading
💸 Commission $3.50
Instruments Traded
Besides lots of currency pair, Eightcap also offers some instruments you would like to trade on, such as Forex, Indexes, Crypto, Stock, Gold and Oil for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.
As for Raw account, Eightcap specifically provides it with the following instruments and leverage:
Payment Methods
PayPal : Online payment was not a thing back in the early 2000s, but PayPal has been in the market since 1999 and thus deserves to be regarded as one of the first e-payment services in the world. The US-based company is popular across many online platforms, including forex brokers.
Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.
Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.
Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.
FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.
Eightcap also provides payment with UnionPay, Tether (USDT), Crypto, Credit/debit cards, Bank Transfer and BPAY
Trading Platforms
Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.
Hereby, Eightcap offers you MetaTrader 4, MetaTrader 5, Tradingview and Web.
Customer Support
Do you have any question or find any trouble related to Eightcap? If you do, you should reach Eightcap's support to get the information that you need. Here is the detail of the broker's customer support:
Website Languages
Office Support
Email Support
Call Support
Chat Support
FAQ About Eightcap
A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if Eightcap is a good broker for you or not by reviewing the criteria. In general, Eightcap provides trading service in Forex , Indexes , Crypto , Stock, Gold and Oil. As for the payment methods, you can choose between PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto, Tether (USDT), BPAY, FasaPay and Bank Transfer. The customer support is available via Email, Web form, Phone and Live chat.
The starting capital in Eightcap is $$100.
Eightcap is regulated by ASIC 391441, SCB SIA-F220, FSA (Seychelles), FCA and CySEC. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.
Eightcap is a brokerage company offering trading services for clients since 2009 with offices in Australia, Vanuatu and Bahamas.
Account Number: (255xxx)
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