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.