Web traffic data positions it somewhat lower, with Similarweb reporting 259,000 global visits in February 2024, placing Eightcap as the 45th most visited broker. As usual, I recommend you do your trading on a desktop/laptop workstation setup, and use the mobile apps to check your trades, or in a pinch. If you wish to trade CFDs on the go, then Eightcap offers you great flexibility for mobile trading, as they have plenty of apps compatible with both Android and iOS devices. TradingView is perfect if you are a trader who prioritizes charting and social learning over execution speed.

So far customer service was good

Processing times may vary slightly based on your bank or provider, but Eightcap aims for fast, efficient withdrawals. However, third-party providers, such as banks or e-wallets, may apply processing fees, which are passed on to the client. Brokersway is a website that provides unbiased reviews, ratings, and comparisons of online forex and CFD brokers. The broker allows the trading of over 800 forex and CFDs on its platforms which include MT4, MT4, and TradingView.

• The following table summarizes the different forex and CFD investment products available to Eightcap clients.
• Meanwhile, the TradingView plugin enables order execution directly from price charts.
• I recently tested Eightcap’s customer support by reaching out via live chat during their operating hours to ask about the minimum deposit requirement.
• Eightcap’s global regulatory presence ensures it operates with transparency and integrity.

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You can view the swap rates in MT4/5, by right-clicking on your preferred symbol, and selecting specification. Finally, you should scroll down to see the swap rates for long and short trades. The chart below shows the typical spreads for commodities advertised by Eightcap. Brokers with at least one tier-1 entity will have a reputation to protect and will be more likely to provide the highest levels of oversight, transparency, and investor protection, across their entire operation. At DailyForex we appreciate just how critical it is for you that you are placing your hard-earned cash in the hands of a well-regulated broker. The information provided on this website is for informational purposes only and does not constitute financial advice.

Account base currency

Its international licenses foster a trusted environment for both retail and institutional clients, providing confidence and reliability across global markets. Eightcap is a leading global FX and eightcap broker review CFD broker that offers more than 800 instruments, including 100+ cryptos, to its clients. The client can choose from a Standard and Raw account, starting from 0.0pips, as well a TradingView account.

I tested all three options, finding fast response times – there was no long queue when I called. Similarly, my email messages were replied to within seconds, and I found the customer service representatives to be helpful and knowledgeable. While ETF and bond trading are not supported, crypto CFD variety is a major strength. MT5 users gain access to the full instrument range, while MT4 users have a more limited selection..

Are there any fees for deposits and withdrawals?

The content is top-notch and offers beginners trading ideas, while seasoned traders get a quality read. Eightcap offers Flash Trader, integrated with its MetaTrader 5 trading platform, allowing for sophisticated and instant position sizing, stop, and limit order targets with a single click. In addition, the broker offers Acuity’s AI-driven economic calendar, that filters events by location and likely impact to provide fundamental insights, predictions, historical data analysis, and real-time news updates. While Eightcap does not provide a proprietary mobile app, as its core market remains algorithmic and advanced traders who require powerful desktop clients, traders get the MT4 and MT5 mobile apps.

Traders are provided with tools like free VPS, Crypto Crusher, Capitalise.ai, FlashTrader, Trade Idea, outlook, etc. Though Eightcap is a highly trusted and regulated forex and CFD broker, it has its strengths and weaknesses. In this review, we will take an in-depth look at Eightcap, exploring its features, pros, cons, and more.

How much is the maximum leverage at Eightcap?

Traders who prioritize execution speed, social charting, and algorithmic setup will find a feature-rich experience at Eightcap. However, long-term investors seeking traditional products like ETFs or bonds may find the asset range limited. PSP Virtual Accounts cater to Southeast Asian clients and Pay Retailers to traders from Brazil. There are no charges for depositing and withdrawing funds, although some options have external costs, including potential currency conversion fees. However, please note that the TradingView account is only available with the commission-free Standard account cost structure. Founded in 2009, Eightcap is a global forex and CFD broker, headquartered in Melbourne, Australia, with five offices worldwide.

What leverage does Eightcap offer?

• The easy-to-use Eightcap MT4/MT5 mobile apps are ideal for monitoring portfolios on the go, managing existing positions, and copy trading.
• 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.
• Trading Forex and other financial instruments involves significant risk of loss and is not suitable for every investor.

Competitive trading costs are hugely important when choosing a forex broker, directly impacting your bottom line, especially if you are someone who trades frequently. No, Eightcap does not accept U.S. clients and is not compliant with U.S. forex regulations. The FCA and CySEC subsidiaries provide an investor compensation fund, while negative balance protection and segregation of client deposits from corporate funds are provided at all five operating subsidiaries. Most international clients will either trade with Eightcap’s Bahamas subsidiary or its subsidiary in St. Vincent and the Grenadines. A well-regulated and forward-thinking broker, Eightcap is a standout for its innovative, high-quality platforms and broad selection of cryptocurrency CFDs. These tools collectively aim to arm traders with the necessary information for informed decision-making and spotting new trading opportunities through detailed market analysis.

Reviews

Eightcap is a competitive broker offering low spreads from 0.0 pips, flexible commission options, and access to over 800 instruments. With powerful trading platforms and support for all strategies, it suits both beginners and experienced traders. Eightcap provides access to over 800 instruments, making it ideal for traders seeking diversification. With low spreads and a wide range of markets, it caters to both beginners and experienced traders pursuing global exposure, effectively supporting a variety of trading strategies. Eightcap is a forex and CFD broker that provides online trading services globally. Based in Australia, it is regulated by top regulatory authorities including ASIC, FCA, CySEC, SCB, and FSASVG.

Eightcap Lab’s educational content from its Learning Academy, including trading strategies and even e-books. Eightcap produces a modest variety of research content that includes daily updates in both written and video format – however, its research offering doesn’t stack up against what the best brokers offer. For example, content on its YouTube channel related to research has not been updated recently with the last research video in May 2024, or at least two months around the time of this update.

If you want to compare Eightcap with other forex brokers in more detail, go to the Forex Brokers Comparison page. The application button, located in the top-right corner of the website, opens a brief registration form. The speed at which the funds reach the client once it is approved depends on the payment method used. The minimum deposit at Eightcap for both the Raw and Standard accounts is $100. Eightcap neither offers bonuses nor promotions but has a partnership program allowing traders to earn passive income.

A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA). All content on ForexBrokers.com is handwritten by a writer, fact-checked by a member of our research team, and edited and published by an editor. Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry. A trade ticket and chart on MetaTrader 5’s web platform, accessed through Eightcap’s offering. A chart in MetaTrader 4’s mobile app, accessed through Eightcap’s offering. With no proprietary mobile app available, Eightcap simply can’t compete with industry leaders like IG and Saxo.

Particular emphasis is placed on practical tips from experienced traders, which allows you to apply the knowledge gained in real trading. MetaTrader 5 opens up enhanced capabilities for traders—more timeframes, indicators, and analysis tools. The platform supports CFD trading across a wide range of assets, features high order execution speed, and an improved order handling system compared to MT4.