Eightcap has been providing Australian customers with free deposits and withdrawals since 2009, as well as competitive spreads on standard accounts.
The broker is licensed in Australia and Vanuatu, making it a reliable option if you are new to online trading and looking for an established partner.
EightCap is an award-winning broker that has been in operation since 2009, providing clients with financial assets, insightful tools and analytics, low spreads, top-notch platforms and educational resources. The company’s offices are situated across the UK, Bulgaria, Vietnam, China and Australia for added convenience.
MetaTrader 4 and 5 trading platform suite are considered the gold standard in online forex trading. Their user interface is straightforward and intuitive, plus the broker has an active community of users to assist with questions about using it.
The broker’s customer support is top notch, available in nine languages via multiple channels such as phone, live chat and email. Traders may even access a demo account to hone their skills before placing actual trades.
EightCap offers competitive forex and CFD trading fees, particularly on the Raw account. Furthermore, there are no inactivity or withdrawal fees charged by the broker.
Furthermore, its MT4 platform boasts superior charting and account management features for both desktop and mobile platforms. As one of the most widely used online forex trading platforms, it even provides a free demo account to test out its services.
Eightcap’s MT4 and MT5 platforms enable traders to trade forex, indices, commodities and shares using the company’s tools. Additionally, these platforms come in a mobile version for iOS and Android devices.
Another advantage of this forex and CFD broker is that it is regulated in Australia, meaning it meets the highest standards for corporate governance, financial reporting and disclosure. Furthermore, client funds are kept separate from business funds in segregated bank accounts with AA-rated financial institutions.
Deposit and withdrawal
EightCap provides clients with a selection of deposit and withdrawal options that vary based on the client’s country of residence, which can be accessed via the Eightcap Client Portal.
The broker requires a minimum deposit of $100 and does not charge any fees for deposits or withdrawals. However, international payments may incur additional costs such as conversion or intermediary transfer fees.
The broker provides trading on an extensive array of markets and products. Traders can trade currencies, commodities, stocks and indices. Stop-loss orders allow traders to limit losses in case of market movement. Furthermore, there’s a demo account available so users can practice their strategies with the broker’s assistance.
Eightcap provides clients with a broad selection of asset classes and markets to trade on, as well as technical and fundamental analysis tools. The trading platform is accessible in multiple languages and designed for ease of use.
Clients have the option of selecting from several account types, including Standard and Raw accounts, to suit their trading needs and style. Furthermore, you can open a Forex VPS account for even greater flexibility in trading.
The broker utilizes US-based Equinix data centers for execution servers, guaranteeing “lightning fast” execution times. Furthermore, it offers premium liquidity from multiple top tier liquidity providers.
Eightcap’s platform provides a broad selection of trading instruments and CFDs, including share CFDs from some of the world’s largest companies. Furthermore, it offers different currencies and commodities like oil, gold and silver at competitive commission rates with no non-trading fees charged.
Pros and cons
EightCap is a highly-rated and award-winning broker that offers low spreads, no commissions, as well as quality platforms and educational resources. Based in Australia, this forex broker has five global offices and is regulated in two tier-one jurisdictions.
One of the most remarkable features of this broker is its comprehensive portfolio, which includes forex, shares, indices, commodities and cryptocurrencies. Furthermore, it provides an array of cutting-edge products and services such as its Multi Account Manager software.
EightCap is a highly-regulated online broker offering an extensive selection of financial instruments and trading options. Recently, they unveiled their multi-asset platform which allows traders to trade over 800 instruments on its MT4 suite. Furthermore, EightCap has made significant strides towards improving customer service; traders can expect attentive and helpful support when needed most, plus account access through various methods.
Account opening and login
No matter your level of experience or knowledge, opening an account at EightCap is easy. The process is fully digital and usually takes only one day for approval.
Once you register, you will receive a confirmation email containing your login credentials. These include a username (the email used to register) and password.
These allow you to access your trading account in Metatrader 4 (MT4) or the Eightcap Client Portal. After logging in, you can explore the platform’s features without risking real money.
Eightcap is an Australian-regulated broker offering forex, CFD and cryptocurrency trading services in ten languages. Its services have been tailored to meet the demands of traders around the world.
Eightcap traders have access to an abundance of educational resources, both free and paid. These include webinars, videos and eBooks.
Eightcap has a multilingual customer support team available via email, telephone and live chat to answer any queries about trading or other matters you might have.
The broker also has an innovative education initiative called Trade Zone, which provides essential market insights and timely webinars to its clientele.
Eightcap’s education section is an excellent starting point for forex or CFD traders. The company provides a wealth of useful materials, from market news to analysis, strategy guides to even an e-book on risk management. Overall, Eightcap provides plenty of value in this department.
However, the research department could use some improvement. They could enhance their selection of written articles and provide more educational videos for customers to choose from; a more comprehensive selection would help the company stand out among competitors.
Eightcap provides a demo account that allows users to hone their trading skills before funding a live account. It also enables them to test out new strategies and EAs.
Eightcap provides personal customer service in multiple languages through email, phone and live chat.
The broker’s support team is comprised of an experienced group that can assist you with any issue or query you might have. They’re accessible 24/7 to answer your questions and resolve problems quickly and effectively.
It is especially crucial, as many customers struggle to contact their representatives via phone or email. Their customer support team offers assistance in multiple languages including English, Chinese, Thai, French, Spanish, Italian, German, Vietnamese and Portuguese.
Eightcap provides a broad selection of instruments from different asset classes, such as forex pairs. Furthermore, it supports CFDs on commodities and indices as well as shares.
Eightcap is one of the safest brokers around, being regulated by multiple governmental bodies across several locations. Their rigorous Know Your Customer (KYC) process requires clients to submit documents proving their identity and address for verification.
Clients will find this to be a tremendous benefit, as it significantly reduces the risk of fraudulence and empowers them to make informed decisions. Furthermore, clients can access the Client Portal at any stage to check in on progress or speak to someone from their customer support team.
Eightcap’s free demo account is an ideal way to test out their trading platform and services before opening a live one. Users can load up to 5,000,000 in virtual funds, with identical trading conditions as those of a live account.