Who is Eightcap?

Eightcap is an Australian incorporated brokerage company, Forex and CFD Broker which brings a transparent pricing model since 2009 through low rates of variable spreads with quotes that are coming from numerous leading banks or institutions and performed via technological solutions through Equinix servers.

Where is EightCap based?

Eightcap performs a global operation through their reputable Australian HQ and other international office based in the Bahamas. Eightcap maintains a home for MT4 and MT5 traders and aims to provide them with a personalized trading experience. This broker gives access to the most popular financial instruments, all with rapid execution and low spreads, via the award-winning MetaTrader platforms.

EightCap Pros and Cons

EighCap is a reliable broker, also provides good technological base for trading, costs are good and there is great research included in MT4 platform. Instruments are widely presented, and you can withdraw fund using various methods, which overall is quite a good established offering with our opinion.

From the negative points, there is no good learning materials essential for beginners, also no 24/7 support centers, besides mainly accounts are opened under Bahamas entity which does not provide high customer security like ASIC based EightCap.

EightCap Leverage

One of the great features of Forex trading is an allowance to use leverage, which may increase your potential gains timely. However and in order to help traders in minimizing risks, which of course requires you to study well how to use leverage smartly.

Eightcap Leverage has specific restrictions according to the trading size you operate and entity you trade.

Eightcap Australia allows leverage of up to 1:30
International Traders may access high leverage

Spreads

EightCap spreads are designed for the account you use, while Standard account offers slightly higher spreads with no commissions and Raw account allows enjoying interbank spread but with commission per trade.

Payment Methods

The number of payment methods to fund the trading account which allows you to transfer from Demo trading to Live one including instant deposits through Visa/MasterCard, Skrill, POLi Payment, Neteller, China UnionPay and Bank Wire Transfers.

• EightCap Funding Methods we ranked Good with overall rating 9 out of 10. The Minimum deposit is not setm so traders can start with any ammount which is great, also international trading supports numerous methods with low fees, while European is rather a modest offering only most used and regulated ones, but still conditions are good with our opinion.
• Eightcap clients can now make Crypto deposit via BTC and USDT on USD accounts only.
• While you may choose at your convenience a base account currency either AUD, USD, GBP, EUR, NZD, CAD and SGD, the deposits and withdrawals will be respectively made in the same currency as the base of trading account.

EightCap Minimum deposit

Minimum deposit is 100$ at EightCap for both account types offered. Also, EightCap does not charge any internal fees for deposits or withdrawals, yet you should note that payments from non-Australia banks may be subject to bank fees and is solely your responsibility.

Withdrawals

EightCap withdrawal options including bank transfer, debit cards and ewallets. There is no fee for deposits and withdrawals, meaning you can easily manage fundings, yet make sure to deposit in your account base currency to avoid conversion. See Card Depositt comparison below:

Trading Platforms

With Eightcap, the trader will have access to MetaTrader 4 and the newer MT5 platform, which has numerous advanced features and tools. Also, Traders now have an access to TradingView, which enables traders to set up a multi-monitor workspace.

Customer Support

EightCap provides 24/5 customer service available via various service centers and various methods including Live Chat and Emails, also we found team quite responsive.