Score
Australia | 15-20 years | Trading Env. AAA |https://www.eightcap.com/
Website
Rating Index
Trading Env.
AAA
Average Execution Latency (ms)
MT4/5
Full License
Eightcap-Demo
Influence
A
Influence Index NO.1
Thailand 5.89 Speed：AAA
Slippage：A
Cost：AA
Disconnected：AAA
Rollover：A
MT4/5 Verification
Full License
South KoreaInfluence
A
Influence Index NO.1
Thailand 5.89 
Single Core
1G
40G
1M*ADSL
Australia 
Properly licensed MetaTrader brokers provide robust systems and continuous support, backed by mature operations, advanced technology, and strong risk controls.
WikiFX Data provide| VPS Region | User | Trading Instruments | Closing Time |
|---|---|---|---|
| 399*** | XAUUSD | 08-10 22:21:30 | |
| 811*** | XAUUSD | 08-10 21:41:36 | |
| 754*** | XAUUSD | 08-10 21:31:23 |
Liquidation Rate
0.70%
Liquidation by Symbol
Past 6 Months
WikiFX Research
eightcapglobal-zh.com 
yh8guoji.com tyapply-eightcap.com yh8home.com 8yihui.com yh8zg.com 
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| Quick Eightcap Review Summary | |
| Founded in | 2009 |
| Registered Country | Australia |
| Regulation | ASIC, FCA, CySEC, SCB (Offshore) |
| Trading Assets | 800+ CFDs on forex, commodities, indexes, shares, cryptos |
| Demo Account | ✅(30 days) |
| Account Type | Raw, Standard, TradingView |
| Min Deposit | $100 |
| Leverage | Up to 1:500 |
| EUR/USD Spread | From 0 pips |
| Trading Platform | MetaTrader 4, MetaTrader 5, Tradingview |
| Payment Method | MasterCard, Visa, PayPal, Wire Transfer, BPAY, Skrill, Neteller, etc. (vary on the region) |
| Deposit & Withdrawal Fee | ❌ |
| Customer Support | 24/5 live chat |
| Tel: +61 3 8592 2375 | |
| Email: global@eightcap.com | |
Eightcap is a popular online forex and CFDs broker that offers access to trade various financial markets. The broker was founded in 2009 in Melbourne, Australia, and has since expanded its presence to other regions such as Europe, Asia, and the Middle East. Eightcap prides itself on providing a user-friendly trading experience, robust trading platforms, and competitive trading conditions for its clients.
The broker offers a wide range of financial instruments to trade, including 800+CFDs on forex, commodities, indexes, shares, and cryptos. Clients can access these markets through the popular trading platforms, MetaTrader 4, MetaTrader 5, and TradingView. The broker also offers three types of account types to suit the individual needs of its clients, including Standard, Raw and TradingView, with the minimum deposit requirement of $100.
Eightcap is a global forex and CFD broker offering many features and benefits that make it an attractive choice for traders of all levels. One of the primary advantages of Eightcap is its range of trading instruments, including 800+ CFDs on forex, commodities, indexes, shares, and cryptos. This diversity allows traders to take advantage of a wide range of market opportunities and build diversified portfolios.
In addition to its broad range of trading instruments, Eightcap also offers competitive trading conditions, such as tight spreads and low commissions, which can help traders maximize their profits. The broker also provides access to multiple trading platforms, including MetaTrader 4 and 5, as well as TradingView.
While there are many benefits to trading with Eightcap, there are also some drawbacks to consider. One of these is the limited selection of educational resources, which may be a disadvantage for novice traders. Additionally, the broker does not currently offer social trading options and 24/7 customer support.
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Yes, Eightcap is considered a legitimate broker, regulated by reputable financial authorities including ASIC (Australia), FCA (UK), CySEC (Cyprus), and SCB (Bahamas). These regulatory bodies impose strict rules and regulations on the broker to ensure they operate in a fair and transparent manner, thereby providing traders with a safe and secure trading environment.
| Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
 | ASIC | Regulated | EIGHTCAP PTY LTD | Market Making (MM) | 000391441 |
 | FCA | Regulated | Eightcap Group Ltd | Straight Through Processing (STP) | 921296 |
 | CySEC | Regulated | Eightcap EU Ltd | Straight Through Processing (STP) | 246/14 |
 | SCB | Offshore Regulated | Eightcap Global Limited | Retail Forex License | SIA-F220 |
EIGHTCAP PTY LTD, its Australian entity, is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under the regulatory license number 391441.
Eightcap Group Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under the regulatory license number of 921296.
Eightcap EU Ltd, is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license no. 246/14.
Eightcap Global Limited, the international entity, is authorized and offshore regulated by the Security Commission of the Bamas (SCB) under the regulatory license number of SIA-F220.
EightCap offers 800+ CFDs on forex, commodities, indexes, shares, and cryptos.
| Trading Assets | Available |
| CFDs | ✔ |
| Forex | ✔ |
| Commodities | ✔ |
| Indexes | ✔ |
| Shares | ✔ |
| Cryptos | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Live Accounts: EightCap offers three types of accounts at EightCap: Raw, Standard and TradingView accounts. All require a moderate minimum deposit of 100 USD, which is quite friendly for beginners.
Their most relevant differences consist in the spreads, the raw account has a lower spread. Standard and TradingView accounts offers a commission-free trading environment, yet compensated by wider spreads, while Raw accounts offers raw spreads, accompanied by additional commissions.
| Account Type | Raw | Standard | TradingView |
| Min Deposit | $100 | ||
| Account Base Currencies | AUD, USD, EUR, GBP, NZD, CAD, SGD | ||
| Spread | From 0.0 pips | From 1.0 pips | |
| Commission | Each side: $3.5 AUD/USD/NZD/SGD/CAD, 2.25 GBP, 2.75 EUR per standard lot traded | ❌(shares excluded) | |
Aside from two types of live trading accounts, Eightcap offers a 30-day demo account for traders who want to practice and test their trading strategies without risking real money.
The demo account is free and is designed to simulate real market conditions, allowing traders to get a feel for the platform and instruments before they start trading with a live account.
The demo account is funded with virtual money and offers access to the same features as the live account, including a range of instruments and trading platforms.
The maximum leverage is determined by the regulator; the maximum ASIC leverage is only 1:30, but the Bahamas SCB allows a leverage of 1:500. However, other trading conditions may vary accordingly and you can decide for yourself.
High leverage is ideal for active traders and scalpers, as it presents greater trading flexibility in general, which directly impacts profitability, but new users are advised to operate with caution with such large leverage.
Eightcap offers multiple trading platforms, including the popular MetaTrader 4, MetaTrader 5, and Tradingview. These platforms are known for their user-friendly interface and advanced charting tools.
With the MetaTrader platforms, Eightcap offers a range of customizable features, including the ability to use custom indicators and expert advisors. These platforms also provide access to real-time market data and allow traders to execute trades quickly and efficiently. Traders can also use the platforms to set up automated trading strategies, which can be particularly useful for those who want to trade around the clock.
EightCap's TradingView leverages 15+ customizable chart types, including Kagi, Renko, and Point & Figure. Organize up to 8 synchronized charts per tab and utilize 90+ smart drawing tools for comprehensive analysis.
Eightcap offers a variety of deposit and withdrawal methods, such as MasterCard, Visa, PayPal, Wire Transfer, BPAY, Skrill, Neteller, etc. (vary on the region). You can find more detailed info in the table below:
| Payment Option | Accepted Currencies | Deposit Fee | Withdrawal Fee | Deposit Processing Time | Withdrawal Processing Time |
| MasterCard | AUD, USD, GBP, EUR, NZD, CAD, SGD | ❌ | ❌ | Instant | 2-5 business days |
| Visa | |||||
| PayPal | AUD, USD, GBP, EUR, NZD, SGD | 1-5 business days | |||
| Wire Transfer | AUD, USD, GBP, EUR, NZD, CAD, SGD | Variable | 1-5 business days | ||
| B-PAY | AUD | ❌ | 1-2 business days | 1-3 business days | |
| UnionPay | RMB | Instant | 1 business day | ||
| Skrill | USD, EUR (only for EEA clients), CAD | Variable | |||
| Neteller | |||||
| Cryptos | USDT (TRC20), USDT (ERC20), BTC (only for USD accounts) | ❌ | / | Instant | |
| Interac | CAD | ❌ | 1-3 business days | ||
| fasapay | USD | 1 business day | |||
| pix | BRL | / | / | / | 1-5 business days |
| dragonpay | MYR, PHP | Variable | ❌ | Instant | 1 business day |
| ... | THB, VND, MYR, IDR, PHP |
In conclusion, Eightcap seems like a solid choice for traders looking for a reliable broker with a wide range of instruments, competitive pricing, and user-friendly platforms. Their customer support is also top-notch, with various ways to get in touch and a comprehensive FAQ section. While their educational resources may not be as extensive as some other brokers, they still provide useful tools and market analysis to help traders stay informed. The only potential downside is the lack of proprietary trading platforms, but with MT4, MT5, and TradingView available, there's still plenty of options to choose from.
Is Eightcap regulated?
Yes, Eightcap is regulated by ASIC, FCA, CySEC, and SCB (Offshore).
What trading platforms does Eightcap offer?
Eightcap offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView.
What are the minimum deposit requirements for Eightcap?
The minimum deposit requirement for all account types is $100.
What is the maximum leverage available at Eightcap?
Up to 1:500.
Can I open a demo account with Eightcap?
Yes, Eightcap offers a 30-day demo account that allows traders to practice their trading strategies without risking real money.
What financial instruments can I trade at Eightcap?
You can trade 800+ CFDs on forex, commodities, indexes, shares, and cryptos.
Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities.
FCA Warning List of unauthorised firms Eightcap VIP / eightcap.vip (clone of FCA authorised firm)
Country / Region
Disclosure Date
2024-01-02
Broker Disclosures
Ministry of Trade Blocks 1,222 Illegal Commodity Futures Trading Websites
Country / Region
Disclosure Date
2022-02-02
Broker Disclosures
Eightcap has added simulated trading challenges and TradingView Plus access to its TradingView-linked accounts, subject to regional, account and activity requirements.
Eightcap UK offers free TradingView Plus subscription with new trading accounts, unlocking advanced features and seamless integration for UK traders.
Eightcap gains Dubai SCA Category 5 license, enabling financial consultation and introducing broker services in the UAE. Learn about its MENA expansion plans.
The well-known broker Eightcap, has launched a new Italian-language YouTube channel for its clients. The channel was created earlier this month and now features market analysis videos in Italian.
EightCap, is a global forex broker launched in 2009. It was established in Melbourne, Australia. This broker offers its global traders various market instruments. In today’s article, we will show you whether Eightcap is still a reliable broker in 2024.
Eightcap is now the UK’s exclusive TradingView broker, offering unique benefits like a free TradingView Plus subscription to all UK clients for a seamless experience.
Eightcap Global Limited holds regulatory licenses from four major authorities, including ASIC (Australia), FCA (UK), CySEC (Cyprus), and FSC (Mauritius), which indicates a strong regulatory framework. According to WikiFX data, the broker has an overall score of 7.61, reflecting positive metrics in regulation, software, and business operations. The firm also demonstrates high execution speed (111.61 ms) and a Grade AAA overall ranking, all of which support its reliability.
Yes, Eightcap is regulated by multiple authorities. It holds a Market Making License (MM) from ASIC in Australia (license number 391441), a Forex Execution License (STP) from the FCA in the UK (921296), a Forex Execution License (STP) from CySEC in Cyprus (246/14), and a Securities Trading License (EP) from the FSC in Mauritius (GB25204603). All licenses are currently active or regulated.
The minimum deposit for Eightcap is $100 across all account types, including Standard, Raw, and TradingView accounts.
Yes, Eightcap offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms with full licenses. WikiFX verification confirms that the broker holds full licenses for both platforms, supporting 4 MT4 and 4 MT5 servers.
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FX1138568943
Thailand
Unable to withdraw funds, clicking withdraw brings up this pop-up window
Exposure
FX244677432
United Kingdom
Don't trust this company withdrawal is impossible with Eightcap after they have your money; five times I requested a withdrawal and they canceled it without informing me or explaining why; I'm not sure where they got their trading licenses. I Tried to withdraw $47500 from my account and all it says is submitting for weeks don't trade with this company.
Exposure
FX2861636451
Australia
I invested $100,000 in an EightCap and lost it all. James Brown was the one who insisted on increasing my investment. He recognizes I'm not going to spend any more money after spending $10,000. He's ceased communicating with me. I couldn't even get online to view my account. They've stopped communicating with me. I've tried multiple times to contact the company with complaints, but nothing has worked. They are hazardous and will take your entire bank account. Never put your trust in EightCap ; I don't want anyone else to lose money by investing in them because they are a complete hoax.
Exposure
FX3267130359
Hong Kong
It will disconnect. The platform will freeze. Withdrawals are relatively smooth.
Neutral
Mr.T Forex Trader
Thailand
[[My personal opinion from actual use]] From trading on the Trading View platform, it works very well. Spread is narrow, no commission, chart is stable, order execution is fast. Main drawbacks from personal experience: Withdrawal waiting time is about (12 hours, which is acceptable) And the broker's website is quite difficult to use.
Positive
FX1320478930
Thailand
After trading for 5 months, the money was received quickly. I have recommended this program to my friends and hope for continuous platform improvements.
Positive
Nicolas Navarro
Argentina
Eightcap is a broker highly valued by most of its users, standing out mainly for its competitive conditions for trading, especially for the FOREX and cryptocurrency markets.
Positive
AlfredoRomero
Argentina
Combining top-tier regulation, tight spreads starting from 0 pips, MT4/MT5/TradingView platforms, codeless automation, segregated funds, and commission-free withdrawals: ideal for demanding traders.
Positive
Tomorrow17412
United States
I really like the website, but there is one thing I would like to include, I would like it to have its own pip calculator, but your website deserves 4 stars.
Positive
My Panda Team
Cyprus
Today, July 25, 2024, Eightcap.com had a Spread of +190 points on the GBPUSD Pair, which is one of the main ones in Forex, and therefore the Spread is usually low, but on top of that it was a PRO account, which It is the account they offer with 0 Spread. That caused a margin close out on my account, leaving the account at 15.19 EUR from a deposit of 1500 EUR. They have totally failed to fulfill their commitment to offering quality service.
Exposure
Cilyder
Australia
I'm a customer of eight cap Australia. Great customer service. My account manager was calling me regularly to make sure I'm happy with everything. Even followed up a few months after I signed up to make sure everything was going smoothly.
Positive
Cilyder
Australia
I'm a customer of eight cap Australia. Great customer service. My account manager was calling me regularly to make sure I'm happy with everything. Even followed up a few months after I signed up to make sure everything was going smoothly.
Positive
FX1834399031
France
Good broker with good spreads but not suitable for scalping. I am a member of Angelite trading which uses VT and it is also very good.
Positive
forest1
Australia
Trading with Eightcap? It's been a solid choice. Super low spreads make a real difference in my trading expenses, and the TradingView features are top-notch for spotting the best moves. They've got these webinars and AI insights that genuinely help me stay ahead.
Positive
Daniel Thompson
South Africa
What I like about Eightcap is the small spread for trading EURUSD and XAUUSD. What I don't like is the slow withdrawals.💴💴💴
Neutral
Anisa Numchuem
South Africa
100% honest company. There are never system failures here. Orders are always executed as needed. Support is always in touch and ready to help. Deposit and withdrawal process also very fast. I recommend.
Positive
Archibald
Australia
Gotta give props to EightCap – they're holding it down. Trading here is like a chill session with your favorite playlist – smooth and reliable. The spreads are tight, making every move count. Been through some market storms, but their platform's stability never wavered.
Neutral
Alexander12
United Kingdom
EightCap is solid, fam. Smooth trades, tight spreads. Support team's on point, quick to solve any hiccups. Been with them for a minute, and no major complaints. They keep it real in the trading game.
Neutral
老鬼9311
Malaysia
Fraudulent group companies. At first, they will chat with you through Facebook or WhatsApp. Then she will ask you to help her with transactions, and she will pretend to help you get an investment quota, and then you will follow her trading for almost a month. They will tell you that 5,000 yuan is commission and more than 10,000 yuan is personal tax. When you fall out with them, they will block you. So before investing, please think twice.
Exposure
wei6648
Japan
Yihui likes to cancel customer accounts. As soon as you complain, we will cancel your account as soon as possible.
Positive
FX1478335670
Netherlands
Super platform, super service. I cannot say anything negative about this platform. Withdrawing works well. Make sure you understand you can only withdraw to the same account as you deposited the money. The only improvement could be the update of your dashboard. If I transfer money from one to another account it takes about 15 minutes before this is visible in my dashboard. In MT4 account this transfer is within 1 second visible. If there is an issue you have the chat service what works really well. In some cases you need to address your account manager which is assigned to you from the beginning. In my case this is Svetoslav. He is exceptional in providing the service and answers I need with a smile! For me a solution is a solution when it works 100%. Here that is the case.
Positive
^_^^_^依一
Cyprus
EightCap is my old friend who accompanying me around 6 years. It never let me down, powerful trading platforms, trading tools, rich educational resources. Charlie always helps me to withdraw my funds quickly. I don’t know how to describe how amazing this broker is.
Neutral
A黑桃
United States
Sure enough, the experienced broker is reliable! I have traded with them for about two months and there have been no problems. I have been very worried about whether there will be slippage, fortunately, I worry too much. Five-star recommendation!
Positive