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TradersBest.com / Eightcap Review

Eightcap Review 2024

Is Eightcap Safe & Legit?

Forex
Stocks
CFD
Eightcap
Favicon
4.5/5
Minimum Deposit
-
Deposit Protection
-
Maximum Leverage
-
Go to Eightcap
T&Cs apply, 18+
Eightcap
Favicon
4.5/5
Account Fee
-
Order Fee National
-
Order Fee International
-
Deposit Protection
-
Go to Eightcap
T&Cs apply, 18+
Eightcap
Favicon
4.5/5
Minimum Deposit
100.00€
Deposit Protection
-
Trading Costs
-
Mini Contracts
No
Go to Eightcap
T&Cs apply, 18+
Details
Payment Methods
User Reviews

Eightcap is an exciting online broker that offers over 500 different instruments via their industry-leading trading platform. With commission-free trades on the table, it doesn’t get much better than this.

Our latest Eightcap reviews have uncovered an online broker that is ready to push the boundaries of innovation. An improved user experience is assured with a wealth of trading resources, intuitive tools, and a seamless service execution. Keep reading to find out about Eightcap and all that it offers.

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Payment Methods
Neteller
Skrill
POLi
+
License
ASIC - Australian Securities and Investments Commission
Company
Eightcap Pty Ltd
Website
eightcap.com
Customer Support
Live Chat, Phone, Email Support
Email
customerservice@eightcap.com
Phone
+61 3 8375 9700, +61 3 8373 4800
Overall Rating
4.5/5
  • New Customer Offers
    4.6/5
  • Usability
    4.4/5
  • Available Account Types
    4.6/5
  • Trading Platforms
    4.5/5
  • Payments
    4.3/5
  • Customer Service
    4.4/5
  • Regulation & Deposit Insurance
    4.5/5
Payment Provider Safety
Neteller high
Skrill high
POLi high
Visa high
Mastercard high
No review posted yet.
User Rating
0/5
5 Stars
0%
4 Stars
0%
3 Stars
0%
2 Stars
0%
1 Star
0%
Alexander Foster
Alexander Foster
Last Updated on 08/07/2024

Offers And New Customer Experience - No bonus to speak of

It must be noted that our Eightcap review came up empty when looking for a new customer offer. If you are after such a deal, take a look at our latest Multibank review for more. The lack of an offer such as this shouldn’t deter you from the platform though. Bear in mind that this online trading site is established and provides traders with a seamless interface which functions extremely well. Plus, you’ll have access to crypto CFDs. In actual fact, there are over 250 different crypto derivatives on the site! You won’t need to use a wallet either. Sign up with Eightcap, with an extremely straightforward registration process, and start trading crypto CFDs today.

Usability - What is Eightcap and how does the platform function?

The platform is extremely versatile and is highly-responsive. Our Eightcap review found that the broker has also invested heavily in the design and aesthetic feel of the website. Your immediate impression is that this online trading platform is here to do business. It’s visibly appealing and streamlined. We encountered no issues along the way and also noted just how practically put together the overall platform is. Much like in our Plus500 review, we are also impressed with the actual performance of the trading platforms. It’s intuitive and easy to use – making it a go-to for beginners and professionals alike.

Accounts - Two main options to consider

There are two main account types that have been uncovered in our latest Eightcap review. You’ll be able to choose between a Standard and Raw account. The Standard account is commission-free with spreads from 1.0 pips. You can make use of EAs but take note that minimum deposits are capped at $500.

The Raw account is not commission-free. You’ll find that commission is charged at $3.50 per standard lot but minimum deposits ($350) are less than the Standard account minimum. Plus, you can benefit from spreads from as low as 0.0 pips.

Trading Platforms - MT4 and MT5 with peak performance

There are two main platforms to consider; the MetaTrader4 and MetaTrader5 platform. You may be familiar with these as most CFD trading sites will use the MetaTrader platform. There are some key differences between the two. The MT4 platform is great for those looking to trade Forex. It’s available for download on desktop as well as mobile (iOS and Android). You’ll find plenty of innovative features such as price charts with multiple time frames as well as EAs.

The MT5 is a newer model which is available for download on desktop and mobile. But, you can also use the MT5 platform via your web browser. Thus, you needn’t download any software if you don’t want to. There are 38 different technical indicators and you’ll be able to harness the latest news when using the MT5.

Trading Payments - Secure and fast

There are a number of different funding options for existing customers. You’ll have the option of funding your account using online card payments (credit/debit), POLi, bank wire, BPAY, China UnionPay, Skrill, and Neteller. Most deposit options are instant. However, BPAY, Skrill, and bank wire can take several days to clear. YOu won’t pay fees on deposits but should check with your bank if you intend on using bank wire to fund your Eightcap account.

There are 4 withdrawal methods on hand. You can withdraw to your personal bank card, using Skrill or Neteller, or via bank wire. All you need to do is select the option that you prefer before requesting a withdrawal.

Neteller
Skrill
POLi
Visa
Mastercard

Fees – Always double-check swap fees

Our latest Eightcap review is pleased to announce that this online broker doesn’t charge a variety of different fees. You’ll find that you won’t have to pay to download their trading platform. You won’t be charged to make a deposit. However, you will be charged an overnight fee if you hold a position. Known as swap fees, these tend to vary depending on a number of factors.

Once you have set up an account, you can take a look at the Market Watch Panel. Here, you’ll find a full overview of the latest swap fees, giving you control over your overnight positions and making you fully-aware of any interest charges that may come your way.

Customer Service - Round the clock support

It’s always a red flag when you find an online brokerage platform that doesn’t provide full support during operational hours. Fortunately, you’ll find that our Eightcap review has noted this trading platform has 24/5 support while markets are open. You can make use of the live chat function – the most convenient way in which to resolve issues. Alternatively, you can make use of the extensive FAQ section which allows you to answer questions for yourself. It is also possible to contact the Eightcap team via email or telephone. It’s clear that there is sufficient support available at all times.

Regulation and Deposit Insurance - Is Eightcap safe?

Are there any Eightcap scams waiting to happen? We can assure you that this online broker is fully authorised and regulated to provide online trading services. In Australia, Eightcap is regulated by the Australian Securities and Investments Commission. For global customers, you’ll find that this broker is authorised and regulated by the Securities Commission of the Bahamas. All of which means that our Eightcap review can safely underline the reliability and transparency of this platform. This online broker also takes all necessary measures to secure customer funds. Funds are kept in segregated accounts with independent banks.

ASIC - Australian Securities and Investments Commission
SCB - Securities Commission of the Bahamas
SVGFSA - St. Vincent & the Grenadines Financial Services Authority
CySEC - Cyprus Securities and Exchange Commission
FCA - Financial Conduct Authority

Additional Features - Making use of added tools and services

Our latest Eightcap review noted the availability of several additional tools and services which make the overall experience that much better. For starters, Eightcap is quick to provide new customers with a comprehensive demo account. This enables you to try your hand on the platform without having to front any capital. It’s one of the best ways to find out if the platform is what you are after.

This broker also provides an exciting new feature which allows traders with no technical skills or know-how to automate their trading. This allows individuals to make informed decisions on trades as precisely and effectively as possible. Watch the latest webinar in order to find out how to get started. In the same breath, there are plenty of additional educational resources which are accessible by all customers.

Eightcap Forex

Trade Offer - Over 40 different forex CFDs

Our latest Eightcap review has found that it’s possible to trade over 40 different forex CFDs on the platform. You’ll be able to trade major, minor, and exotic pairs using the MT4 and/or MT5 platform. Trade Forex pairs such as AUD/USD, EUR/USD, AUD/CAD, CAD/CHF, USD/ZAR, and USD/HKD.

Trading Costs - Trade with spreads of as low as 0.0 pips

You’ll find that it is possible to trade with spreads of as low as 0.0 pips. If you use the Raw account option, then you can trade all major pairs with a spread of 0.0. Standard account holders can trade major pairs at a spread of 1.0pips. No commission is charged for Standard account holders. No other fees are charged on Forex trading. Always double-check overnight fees on open positions.

Trading Conditions - 24 hour access

You’ll have access to forex markets 24 hours a day, five days a week. Our Eightcap review has outlined that you can trade forex on both trading platforms while also using the latest mobile app to do so. The minimum trade size is capped at 0.01 while maximum lots are set at 100.

Product Summary - A good range of forex CFDs

There are plenty of forex CFD trading options on hand. You can access markets in an instant and will have access throughout the day. Our Eightcap review definitely recommends this platform to those wishing to trade Forex online. Plus, the latest MT4 trading platform is perfectly suited to do so.

Eightcap
4.5/5
Eightcap Forex
T&Cs apply, 18+
Go to Eightcap
Eightcap Highlights
  • Over 40 Forex pairs on offer
  • Forex in nine different time frames
  • Trade Forex on both the MT4 and MT5 platform
Eightcap CFD

Trade Offer - A whole host of CFDs to trade

It’s possible to trade over 40 different forex CFDs and more than 250 crypto CFDs. There’s far more on offer though With Eightcap, you can also trade commodity CFDs that include gold, silver, and oil. Clients with Eightcap can also trade eight of the world’s major indices as CFDs. Lastly, there are also over 250 stock CFDs that trade openly. It’s clear that this online broker has ensured that CFD traders are spoilt for choice.

Trading Costs - Various fees to keep in mind

It’s important to consider the various fees that come with online trading. Fortunately, you won’t have to worry about commission when using the Standard account. Eightcap is proud of the fact that it doesn’t charge any fees on FX and CFD products. You will be charged a commission rate of $3.50 per standard lot when using a Raw account. You can also utilise the latest built-in features to track overnight fees that Eightcap will charge you for holding open positions overnight.

Trading Conditions - A choice of platforms

Of course, you’ll be able to trade CFDs using both platforms. Added to which, you needn’t worry about which account type you are using as both are geared towards CFD trading. It is important to take into account trading hours for the specific instrument you wish to trade. Make use of the latest FAQ section to familiarise yourself with any important info pertaining to CFD products that you are interested in. Eightcap has ensured that the online trading conditions for CFD trading activities is more than conducive!

Product Summary - A renowned CFD trading platform

Eightcap is a well-known CFD online trading platform. It operates extremely efficiently and provides clients with access to multiple global instruments at all hours of the day. The inclusion of crypto CFDs has bolstered what is already a strong product portfolio. There are plenty of options for traders looking to trade CFDs on this site. We certainly recommend it to our readers.

Eightcap
4.5/5
Eightcap CFD
T&Cs apply, 18+
Go to Eightcap
Eightcap Highlights
  • Trade CFD instruments including crypto
  • No fees charged on CFD products
  • Low margins on stock CFDs
Eightcap Crypto

Trade Offer - Trade crypto CFDs at Eightcap

Our Eightcap review places special attention on looking into the crypto trading options on hand. You’ll find that it is possible to trade more than 250 crypto derivatives on the site. This is certainly an astounding number of options. You’ll be able to trade crypto CFDs which include cryptocurrencies such as Bitcoin, Cardano, Litecoin, Ethereum, Ripple, Dogecoin, and Tron.

Trading Costs - Minimal fees

As we’ve outlined in our Eightcap review, there are minimal fees to consider. However, you’ll need to take into account the spreads on crypto CFDs. Bitcoin spreads per coin comes in at 12pips. Cardano spread is 0.004pips per coin while Ethereum has a spread of 0.45pips per coin.

Trading Conditions - Speculate on price movements

You’ll be able to speculate on price movements of crypto without having to invest in the actual asset. Crypto CFDs provide you with great exposure in the market. Plus, our Eightcap review can’t underline the incredible number of crypto derivatives you’ll have access to. You can trade crypto using either one of the platforms and can do so using the Standard or Raw account option. Crypto trading hours run from 00:00 – 23:59, seven days a week.

Product Summary - Great for crypto CFD trading

Eightcap has managed to incorporate an extensive crypto offering into their portfolio. It goes without saying that customers will have major access to crypto markets with a wide number of different CFD derivatives on the table. If you ever wanted to get into crypto CFD trading, Eightcap may well be the right online trading broker for you.

Eightcap
4.7/5
Eightcap Crypto
T&Cs apply, 18+
Go to Eightcap
Eightcap Highlights
  • Trade over 250 different crypto derivatives
  • No wallet requirement with crypto CFDs
  • Low spreads on major cryptocurrencies

Eightcap Review FAQ

👀Is Eightcap reliable?

It’s important to find out all you need to know about potential online broker sites that you intend on using. The best sites are extremely reliable and ensure that all of your data and funds are protected. However, there are also platforms which aren’t as reliable. Take a look at our latest Eightcap reviews to find out more.

📈Are there Eightcap crypto trading options?

Nowadays, many online brokers have included crypto trading as one of their products. If you are interested in trading crypto online, then it’s best to read our latest reviews first. For instance, check out our XM.com review or the comprehensive Eightcap review to find out whether you’ll be able to access crypto markets.

❓What’s the latest Eightcap experience and rating?

The top online brokers continue to improve their overall user experience. As such, we strive to keep our finger on the pulse so as to always bring you a reliable account of which brokers are rated the best for various different trading aspects. Read our Eightcap review to find out more about their rating.

💰Does Eightcap charge commission?

Most online brokers will charge commission at some point. But, you’ll find plenty of brokers that are bucking the trend and don’t charge commission on a variety of different markets and instruments. Read our Eightcap review here at TradersBest.com to find out what the fees are and whether you can enjoy commission-free trading!

📲Can I download an Eightcap mobile trading app?

It’s rather non-negotiable that online brokers have a mobile trading app in 2024. Most traders will want the option of being able to quickly access their account on the go. Thus, a mobile app complements a full desktop trading platform really well. In our coverage of Eightcap, we’ll be sure to outline all you need to know. It’s much like our latest Etoro review where we leave no stone unturned.

Overall Conclusion - Our Eightcap review

It’s clear that our Eightcap review has found an online broker which impresses across the board. You have access to a wide number of instruments. Special mention must go to the fact that there are more than 250 crypto derivatives available. The latest Eightcap interface has a great design and makes online trading that much easier. The lack of a new customer bonus shouldn’t really be a consideration as this online platform ticks all the right boxes.

If you wish to find out more about online brokers, take a look at our Blueberry Markets review before you make a decision. At TradersBest.com, we aim to bring you coverage of all the top online trading sites across the globe. Check in with us on a regular basis and you’ll be at the forefront of all the top trading developments.

Eightcap
4.5/5
Rating
Go to Eightcap
Highlights
  • Over 40 Forex pairs on offer
  • Forex in nine different time frames
  • Trade Forex on both the MT4 and MT5 platform

User Reviews for Eightcap

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Forex
Stocks
CFD
Eightcap
Favicon
4.5/5
  • Over 40 Forex pairs on offer
  • Forex in nine different time frames
  • Trade Forex on both the MT4 and MT5 platform
Go to Eightcap
T&Cs apply, 18+
Eightcap
Favicon
4.5/5
  • Over 250 stock CFDs available
  • Trade on spreads as low as 0.0pips
  • Top US, European, and Australian stock options
Go to Eightcap
T&Cs apply, 18+
Eightcap
Favicon
4.5/5
  • Trade CFD instruments including crypto
  • No fees charged on CFD products
  • Low margins on stock CFDs
Go to Eightcap
T&Cs apply, 18+
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