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Eightcap Review


Eightcap

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 over 4 million clients.

This broker has also been regulated by ASIC 391441, VFSC 40377 and SCB SIA-F220.


Major Information

💲 Min Deposit $100

Max Leverage 1:500

💡 Min Position 0.01 lot

🌐 Website www.eightcap.com

Year Established 2009

Company Information

🌐 Website
www.eightcap.com

Year Established
2009

🌎 Country
AustraliaVanuatuBahamas

💼 Regulation

Features

👨‍💻 PAMM

📊 MAM

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.

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Min Deposit

$100

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Max Leverage

1:500

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Spread

Variable

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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 and Crypto 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:


Forex

Forex
1:500

Indexes

Indexes
1:100

Crypto

Crypto
1:5


💲 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 and Crypto 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:


Forex

Forex
1:500

Indexes

Indexes
1:100

Crypto

Crypto
1:5

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.

Eightcap also provides payment with UnionPay, Tether (USDT), Crypto and Credit/debit cards



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 and MetaTrader 5.

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

English
German
Spanish
French
Indonesian
Italian
Portuguese
Thai
Chinese

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 and Crypto . As for the payment methods, you can choose between PayPal, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Crypto and Tether (USDT). 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, VFSC 40377 and SCB SIA-F220. 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.



1 Comment


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Mar 19 2023


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