Eightcap Review

Eightcap is a well-established broker since 2009. Eightcap has headquarters in Australia and Vanuatu. Eightcap to provide their Forex/CFD trading services to over 4 million clients.

This broker has also been regulated by ASIC 391441 and VFSC 40377.

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:

• Standard
• Raw

💲 Min Deposit $100

💡 Min Position 0.01 lot

🔢 Spread Variable

📉 Scalping

🤖 Expert Advisors

💱 Hedging

⏱ Trailing stop

⏳ Pending orders

1️⃣ One-click trading

⚡ Automated trading

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
1:500

Indexes
1:100

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

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
1:500

Indexes
1:100

Crypto
1:5

Payment Methods

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.

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.

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 Credit/debit cards and UnionPay

FAQ About Eightcap

Is Eightcap a good broker?

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 Credit/debit cards, Neteller, PayPal, Skrill, UnionPay and Wire transfer. The customer support is available via Email, Live chat, Phone and Web form.

What is the minimum deposit for Eightcap?

The starting capital in Eightcap is $100.

Is Eightcap regulated?

Eightcap is regulated by ASIC 391441 and VFSC 40377. 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.

Is Eightcap legit?

Eightcap is a brokerage company offering trading services for clients since 2009 with offices in Australia and Vanuatu.