Eightcap is a global CFD and forex broker. Users can invest in over 1,000 financial instruments with competitive trading conditions using the MT4 and MT5 platforms and two competitive accounts. Your decision regarding opening an Eightcap account that offers spreads, leverage, a mobile app, and a demo account can be influenced by this 2022 evaluation.
In 2009, Eightcap was established, with its headquarters in Melbourne, Australia. Joel Murphy serves as the company’s CEO, and both the Bahamas Securities Commission and the Australian Securities and Investments Commission (ASIC) oversee its operations (SCB).
Eightcap has offices all over the world and employs a sizable, multilingual customer service crew with locations, among others, in the UK, Sofia, Bulgaria, China, and Thailand. Zero-pip spreads and top-tier liquidity are both accessible, as are extremely quick executions. Along with bank transfers, debit cards, and major e-wallets, the brokerage also accepts free deposits and payments using these platforms.
The award-winning MT4 platform facilitates online investing in forex, indices, and commodities. With a user-friendly interface, automated trading capabilities, and a comprehensive charting package, this is a great all-around platform.
MT4 is available for download on Windows, macOS, and Linux.
MT5 is an advanced platform offering to trade in forex, indices, stocks, commodities, and cryptocurrencies. Users benefit from:
MT5 is available for download on Windows, macOS, and Linux.
Eightcap clients can trade on:
Spreads range from 0 pips (raw account) for popular currency pairs to 0.4 pips (important indexes like the SPX500). They begin at $0.1 for gold, $0.01 for silver, and $0.03 for oil spreads.
The spreads on cryptocurrencies range from $0 for Bitcoin Cash to $31.2 for Bitcoin. Spreads on shares are $0.02 per share on either side ($4 for a round-robin lot).
Please be aware that spreads for particular assets tend to rise during trading periods with high volatility. also true at less liquid times.
There is a $3.50 normal lot fee on a raw account, and swap rates will apply to overnight forex trading.
The maximum leverage available at Eightcap Pty Ltd is 1:30.Customers dealing with Eightcap Global Ltd. can use a maximum leverage of 1:500. This complies with the law.
The broker’s website has detailed information on the margin call procedure. Clients can also modify their leverage limits by getting in touch with the broker’s support staff.
For the MT4 and MT5 platforms, which are accessible on iOS and Android devices, Eightcap provides a mobile app. All of the desktop platform’s features are available via the applications, with the bonus of 24/7 access from anywhere.
You may easily download the trading app from the Apple App Store or Google Play after you have your MT4 or MT5 login information.
Eightcap offers several options for fast payments in a variety of base currencies; all transactions are made through the client portal:
There are no transaction costs associated with any payment method, except bank transfers. Except for wire transfers, BPAY, and PayRetailers, which can take up to 3 days, Eightcap also enables rapid 24-hour deposit processing.
Users can use any of the aforementioned techniques to withdraw profits at no charge after completing the request form through the Client Portal. Withdrawals should be processed by the broker within 24 business hours. The typical clearing period lasts 2–5 business days.
The maximum deposits and withdrawals vary depending on the chosen payment type. You can find comprehensive information on the client portal.
On the broker’s website, Eightcap provides a free demo account that can be set up. The same trading conditions as a real money account, including the same price information, are available to users who have access to $5,000,000 in virtual cash.
Demo accounts are typically valid for 30 days, but you can request an extension.
Eightcap Global Ltd. (Vanuatu) and Eightcap Pty Ltd. (Australia) are both independently regulated by the Vanuatu Financial Services Commission and the Australian Securities and Investments Commission (ASIC), respectively, to protect the interests of clients (VFSC). Eightcap is also a licensed provider of Australian financial services (AFSL). Additionally, client monies are maintained in Tier 1 banks in line with the Corporations Act and are separated.
Users of Eightcap can also automate transactions without having any programming experience. By using capitalization. investors have access to a variety of analytics and automation tools, such as cyclical strategies, smart notifications, and backtesting.
Additionally, the online broker collaborated with TradingView to provide robust charting and tools. With 50 drawing tools, over 5,000 investor-created indicators, and 100 built-in indicators, TradingView is a premium charting solution. Customers with an Eightcap account can enter and exit trades immediately from TradingView charts.
TradingView is one of the biggest social investment networks in the world and offers strong analytical features. Investors can discuss strategy and markets on social media platforms with over 30 million monthly users and active forums.
Investors are also provided with several other tools:
Eightcap offers two live accounts:
Both account types require a minimum deposit of $100, have a minimum trade size of 0.01, and offer a maximum leverage of 1:30 for Australian clients and 1:500 for non-Australian clients.
The main difference between the two accounts is that the standard account comes with zero fees, while the raw account fee is $3.50 per standard lot. Both are available in seven base currencies: AUD, USD, EUR, GBP, NZD, CAD, and SGD.
Eightcap’s multilingual 24/5 support team can be contacted at:
Stay up to date with the latest news on Eightcap’s social media pages.
The headquarters of Eightcap PTY LTD is located at Level 6, 360 Collins Street, Melbourne, VIC 3000, Australia.
Eightcap is a reputable CFD and FX broker with more than ten years of experience and award-winning MT4 and MT5 platforms to choose from. Both novices and experienced traders can start trading with ease thanks to competitive spreads, reliable customer care, and a free sample account. To register for Eightcap right away, click the link below.