EightCap Review

EightCap is an Australian online financial trading company that specializes in foreign exchange (forex) and contract for difference (CFD) trading. EightCap enables retail clients to speculate on major, minor and exotic forex currency pairs as well as other global financial markets such as CFDs on indices, commodities, shares and cryptocurrencies. Overall, EightCap provides trading access to global financial markets with more than 250 tradable instruments.

The company was established in 2009 in Melbourne, Australia and has expanded with support offices in Europe and Asia. EightCap is regulated by the Australian Securities and Investments Commissions (ASIC) and holds Australian Financial Services Licence (AFSL) number 391441. This enables traders to access leverage options as high as 500:1.

The company offers MetaTrader 4 and MetaTrader 5 access on desktop and mobile devices such as Android and iOS. Clients can also access MetaTrader 5 directly on their web browsers. The MetaTrader platforms allow automated trading with expert advisors (EAs).

EightCap offers two types of accounts: Standard and Raw, available in 7 base currencies. Demo versions of these accounts are also available across its MT4 and MT5 platforms.

The mission of the company is to provide exceptional financial services to its clients, while acknowledging their individual needs and helping them get where they want to be. To bring more opportunities for clients, the company offers affiliate and white label programs for corporate clients.

In line with the Australian Client Money Rules and ASIC Regulatory Guide 212, all client funds are maintained on a trust in segregated bank accounts with the National Australia Bank.

Typical Spread on Majors

* STANDARD account shown.
Headquarters Melbourne, Australia
Type of Broker STP & ECN/STP
Founded 2009
Regulated By Regulated By ASIC (Australia)
Offices In Australia, Bulgaria, China, United Kingdom, Vietnam
Supported Languages English, French, Italian, Spanish, Chinese, Thai, Korean, German
ESMA Regulation ? This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article
Account Currencies AUD, USD, EUR, GBP, NZD, SGD, CAD
Minimum Deposit $100
Traders from USA Allowed No
Clients Funds Segregated Yes
Interest on Margin No
Islamic Accounts No
ECN / STP Accounts Offered Yes
Commission on STP or ECN $3.50 / Lot per side (Raw Account)
VIP Accounts Offered No
Mini Accounts Offered Yes
PAMM / MAM Solutions Yes
API Solutions Yes
Mobile Trading Yes
Web Based Trading Yes
Funding Methods Credit/Debit Cards, Wire Transfer, Skrill, China UnionPay, POLi, XPAY, XPAY QR Code
Withdrawal Methods Credit/Debit Cards, Wire Transfer, Skrill, China UnionPay, POLi, XPAY, XPAY QR Code
Platforms Offered MetaTrader 4, MetaTrader 5, MetaTrader 4 Mobile, MetaTrader 4 iOS, MetaTrader 4 Android, MetaTrader 5 Android, MetaTrader 5 iOS, WebTrader
NO of Pairs 46
Cryptocurrency Trading Yes
Pricing Digits 5
Trade off Charts Yes
One-click Execution Yes
Email Alerts Yes
Mobile Alerts No
MetaTrader Server Time GMT + 2
Demo Account Expiry 30 Days
VPS Offered No
Dealing Desk No
Maximum Leverage 500:1
Minimum Contract Size 0.01
Execution Market Excecution
Hedging Yes
Scalping Yes
Scalping Restrictions No
Option of OCO Yes
Option of FIFO Yes
Liquidity Providers 4+
Negative Balance Protection No
CFD's Yes
Metals Yes
Oil Yes
Stocks Yes
Indices Yes

EightCap Reviews

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