Eightcap Review

Read our in-depth forex broker review on Eightcap ✅ Find out how this brokers broker compares to others.
Overall Rating


Top 5 Forex Brokers

 Eightcap Review

📅 Year founded


📈 Multiple top-tier regulation


📍 Headquarters

Melbourne, Australia

🌍 Country of regulation

Australia / Bahamas / United Kingdom / Cyprus

✅ Regulators

ASIC / SCB / FCA / CySec

📈 Execution Type

Market Execution

💰 Minimum Deposit

$100 USD

🛡️ Negative Balance Protection


📉 Trading Platforms

MetaTrader4 / MetaTrader5 / TradingView

 ☪  Islamic account


📉 Trading Instruments

Forex / Commodities / Indices / Shares / Cryptocurrencies

📱 Mobile trading

iOS / Android / Windows

💳 Payment Types Accepted

Debit and Credit Cards / Bank Wire Transfers / PayPal / Neteller / Skrill / Bpay / UnionPay / Cryptocurrencies / Interac / Fasapay / Pix / Dragonpay /

🎮 Demo Account


 ⓒ Copy Trading


🎁 Bonus Offer


💰 Account Currencies


📈 Minimum Trade

0.01 Lots

📈 Account Types


📈 Margin Trading


📈 Trading fees


📈 Inactivity fee


💰 Withdrawal fee


☎ Customer Support


💰 Max. Leverage


✔️ Hedging Allowed


✔️ Scalping Allowed


💰 Commission

Zero / $7 USD per lot round trip on Raw

💰 Spreads

From 0.0 pips

💰 Leverage


💰 Currency Pairs (Total Forex pairs)

50 +

🔢 Number of clients

80 000 +

🥇 Instruments Offered

800 +

📙 Education

Eightcap Labs / Webinars / Trade Zone

Click here ✅ Open a Trading Account




Eightcap is a forex and CFD broker that offers trading services globally.

Established with the aim of providing traders with access to a wide range of financial markets, it emphasises low-cost trading, cutting-edge technology and robust client support.




Eightcap is a globally recognised forex and CFD broker, renowned for its comprehensive suite of trading instruments, advanced technology and dedication to providing a superior trading experience.

Founded in 2009, Eightcap has established itself as a reputable player in the online trading industry.

The company is headquartered in Melbourne, Australia and has expanded its operations to cater to traders worldwide, with additional offices in various global financial hubs.

From the outset, Eightcap’s mission has been to provide traders with a seamless trading environment optimised for both novice and experienced traders.

This is achieved through offering competitive spreads, low commission rates and access to a wide range of trading instruments including forex, commodities, indices, shares and cryptocurrencies.

Eightcap’s foundation is built on the principles of integrity, innovation and transparency. Its dedication to offering a robust trading platform, coupled with stringent regulatory adherence and a client-centric approach, has positioned it as a preferred choice among traders seeking a reliable and efficient trading partner.

As Eightcap continues to evolve, it remains committed to enhancing its services and expanding its reach to meet the diverse needs of the global trading community.





  • Wide range of trading instruments with over 800 available.
  • Competitive spreads and low commissions.
  • User-friendly trading platforms.
  • Comprehensive educational resources.



  • Restricted services in some countries.
  • Lower leverage available than other brokers.




Eightcap offers an extensive range of trading instruments, catering to the diverse preferences and strategies of traders.

This broad selection enables clients to diversify their investment portfolios across different asset classes, including forex, indices, commodities, cryptocurrencies and shares as Contracts for Difference (CFDs).

Below, we delve into each category, highlighting the variety and flexibility available to Eightcap clients.



Eightcap provides access to a wide array of major, minor and exotic currency pairs, making it a go-to broker for forex traders.

With competitive spreads and leverage, traders can engage in the forex market with flexibility and efficiency.

Whether clients are looking to trade popular pairs like EUR / USD, GBP / USD and USD / JPY, or they’re interested in exploring more exotic options, Eightcap offers a comprehensive forex trading experience with over 50 options available to be traded.



For those interested in broader market movements, Eightcap offers trading on a variety of global indices. This includes well-known indices such as the S&P 500, NASDAQ 100 and the FTSE 100, among others.

Indices trading allows traders to speculate on the overall direction of stock markets without having to select individual stocks, providing a convenient way to gain exposure to different economies and sectors.



Eightcap’s commodity trading options include both hard and soft commodities, offering opportunities to trade on the price movements of essential goods.

This includes precious metals like gold and silver, energy commodities such as oil and natural gas and agricultural products like coffee and sugar.

Commodities are often used by traders for hedging against inflation or diversifying their portfolios.



In response to the growing demand for digital asset trading, Eightcap offers a selection of the most popular cryptocurrencies.

Traders can engage in CFD trading on Bitcoin, Ethereum, Litecoin and other leading cryptocurrencies.

This allows for speculation on the price movements of these digital assets without the need for direct ownership, providing a straightforward way to participate in the cryptocurrency market.



Eightcap provides the opportunity to trade shares as CFDs, offering access to some of the largest and most well-known companies globally.

This enables traders to speculate on the price movements of individual companies’ shares without owning the underlying assets directly.

Trading shares as CFDs with Eightcap allows for potential profits from both rising and falling markets, offering a flexible approach to stock market investment.




Eightcap recognises the importance of a reliable, efficient and user-friendly trading platform in the success of its clients’ trading activities.

To meet the diverse needs and preferences of its global clientele, Eightcap provides access to three of the industry’s leading trading platforms: MetaTrader4 (MT4), MetaTrader5 (MT5) and TradingView.

Each platform offers unique features and tools designed to enhance the trading experience, whether for beginners or experienced traders.


MetaTrader4 (MT4)

MT4 is renowned for its user-friendly interface, robust functionality and flexibility, making it a favourite among forex and CFD traders worldwide.

Eightcap’s MT4 platform allows clients to access real-time market data, utilise advanced charting tools and employ automated trading strategies through Expert Advisors (EAs).

Its reliability and wide range of technical indicators and graphical objects make it an ideal choice for traders looking to conduct detailed market analysis and execute trades efficiently.


MetaTrader5 (MT5)

Building on the strengths of MT4, MT5 offers additional features and capabilities, catering to traders looking for more advanced tools and a broader selection of trading instruments.

MT5 provides access to more timeframes, more technical indicators and enhanced charting tools. Like MT4, MT5 offers automated trading through EAs, a user-friendly interface and superior charting tools, but with added functionalities for those requiring more comprehensive trading tools.



Eightcap’s integration of TradingView as a trading platform is a testament to its commitment to providing innovative and versatile trading solutions.

TradingView is known for its highly intuitive interface, superior charting capabilities and a vibrant community of traders.

Clients of Eightcap can directly trade on TradingView, enjoying access to real-time data, numerous technical analysis tools and the ability to share and view trading ideas within a large community of traders.

This platform is particularly popular among traders who prioritise advanced charting and wish to connect with other traders for insights and strategies.




Eightcap caters to a wide range of traders by offering different types of trading accounts, each designed to meet specific trading needs and preferences.

The two primary account types provided by Eightcap are the Standard Account and the Raw Account.

Both account types are geared towards optimizing the trading experience, whether for novice traders or experienced professionals, by offering distinct benefits and features. Below, we explore the advantages and characteristics of each account type:


Standard Account

The Standard Account is designed for traders who prefer a straightforward trading experience without commissions. It is an ideal choice for both novice and intermediate traders due to its simplicity and ease of use.

Some benefits of this account type include:

  • No Commission: Traders can execute trades without worrying about commission fees, which simplifies cost management and trading calculations.
  • Competitive Spreads: The account offers competitive spreads, starting from 1.0 pips, allowing traders to take advantage of tight pricing.
  • Access to All Trading Instruments: Traders have full access to Eightcap’s range of trading instruments across forex, indices, commodities, cryptocurrencies and shares.
  • Hedging Allowed: Traders can hedge their positions, a strategy that can be useful in managing risk.


Raw Account

The Raw Account is tailored for experienced traders who seek more control over their trading costs and prefer to trade on raw spreads plus a commission. This account type is particularly popular among scalpers and day traders.

Some benefits of this account type include:

  • Raw Spreads: Offers spreads from 0.0 pips, providing some of the tightest spreads in the market. This feature is highly beneficial for strategies that require tight spreads to increase profitability.
  • Low Commission: A low commission fee is charged on trades, starting from $7 USD per lot round trip, offering a transparent cost structure that can be more cost-effective for high-volume traders.
  • Access to All Trading Instruments: Like the Standard Account, traders have access to the full range of Eightcap’s trading instruments.
  • Scalping and Automated Trading: The Raw Account supports scalping and the use of Expert Advisors (EAs) for automated trading, providing flexibility for various trading strategies.
  • Hedging Capability: Allows traders to hedge their positions, offering an additional layer of risk management.




Opening an account with Eightcap is a streamlined and user-friendly process designed to get traders started quickly and efficiently. Initially, prospective clients are required to complete an online application form, providing personal information, financial details and their trading experience.

Following the application, documentation for identity and residency verification must be submitted; this typically includes a government-issued ID (passport or driver’s license) and a recent utility bill or bank statement.

Once the verification process is completed, which usually takes a short period, the account is activated, and traders can then deposit funds using one of several available payment methods.

Finally, traders can download their preferred trading platform, set up their trading environment and begin trading. The entire process is designed for convenience, with customer support available to assist at every step.




Eightcap offers a demo account that serves as an invaluable tool for both new and experienced traders aiming to refine their trading strategies without any financial risk.

This simulated trading environment replicates real-market conditions, allowing traders to practice with virtual funds. Users can familiarise themselves with Eightcap’s trading platforms, including MT4, MT5 and TradingView, and experiment with different trading instruments.

The demo account is easy to set up and provides a risk-free opportunity to explore trading concepts, test strategies and gain confidence before transitioning to live trading, making it an essential component of a trader’s educational journey.




Eightcap embraces the growing trend of social and copy trading by integrating innovative solutions like Capitalise.ai into its platform. This feature enables traders to automate their trading strategies without needing to write code, simply by using natural language.

Furthermore, Eightcap facilitates social and copy trading through the various available features on MT4 and MT5, allowing traders to mimic the positions of more experienced investors, thus leveraging collective expertise for potentially enhanced trading outcomes.

Through these offerings, Eightcap provides its clients with the tools to engage in the market actively, learn from peers and automate their trading strategies efficiently.




Eightcap distinguishes itself in the financial trading industry through its clear and competitive commissions and fees structure, tailored to accommodate the diverse needs of its clientele.

This structure is primarily segmented between its two main account types: the Standard Account and the Raw Account, each designed to cater to different trading strategies and preferences.


Standard Account

The Standard Account is particularly appealing to beginners and those who prefer a simpler fee structure. In this account:

  • No Commission Fees: Trades are executed without commission charges, making it easier for traders to calculate their trading costs upfront.
  • Spreads: The account offers competitive spreads starting from 1.0 pips. While the spreads are slightly wider compared to the Raw Account, the absence of commission fees makes it an attractive option for traders not looking to engage in high-volume trading.


Raw Account

Designed for more experienced traders, especially those who trade at higher volumes or prefer scalping strategies, the Raw Account offers:

  • Low Commission Fees: The Raw Account charges a commission fee for trades starting from $7 USD per lot round trip, providing access to tighter spreads starting from 0.0 pips. The commission is competitively priced, ensuring that traders can benefit from lower trading costs, especially beneficial for high-frequency traders.
  • Tight Spreads: With spreads beginning at 0.0 pips, this account is ideal for traders looking to maximise their trading strategies by taking advantage of narrow spreads.


Additional Fees

Beyond the primary trading costs, Eightcap is transparent about any additional fees that might affect traders:

  • Overnight Fees: Also known as swap fees, these are charged on positions that are held open overnight. The rates vary depending on the market and the position size.
  • Inactivity Fees: Eightcap does not charge any inactivity fees.
  • Deposit and Withdrawal Fees: Eightcap strives to keep transaction costs low for its clients by not charging any transaction fees. However, it’s essential for traders to review potential fees associated with different payment methods, as these can vary.




Eightcap offers leverage options that enhance the trading potential for its clients, allowing them to gain larger exposure to the market with a relatively small amount of invested capital.

The broker provides a maximum leverage of up to 200:1 for its international clients, enabling them to amplify their trading positions significantly.

However, for clients based in the UK, in compliance with the Financial Conduct Authority (FCA) regulations, the maximum leverage is capped at 30:1. This regulatory measure is designed to protect retail investors by limiting their exposure to risk.




Eightcap simplifies the process of managing funds by offering a range of convenient and secure options for deposits and withdrawals, ensuring that clients can easily access and manage their trading capital.



  • Multiple Payment Methods: Eightcap supports a variety of payment methods, including bank wire transfers, credit / debit cards and several e-wallet options like PayPal, Skrill and Neteller. This diversity allows traders to choose the most convenient way to fund their accounts.
  • Quick Processing: Most deposit methods offer instant or near-instant processing times, enabling traders to start trading without significant delays. Bank wire transfers may take longer, depending on the banks involved.
  • No Deposit Fees: Eightcap typically does not charge any fees for deposits, although it’s advisable for traders to check if their payment provider or bank imposes any fees.



  • Simple Withdrawal Process: Withdrawing funds from Eightcap is straightforward. Traders need to submit a withdrawal request via the client portal, which is then processed promptly by the broker.
  • Fast Processing: Eightcap aims to process withdrawal requests quickly, usually within 24 to 48 hours. The time it takes for funds to reach a trader’s account will depend on the withdrawal method chosen.
  • Minimal Fees: While Eightcap does not charge withdrawal fees, they do state that some financial service providers may charge fees on withdrawals, depending on the institution used by the client.




Eightcap is committed to providing a high level of service that addresses the needs of its diverse client base. The broker’s customer service team is trained to handle a wide range of queries, from account opening and platform troubleshooting to complex trading inquiries.

By offering multilingual support, Eightcap ensures that traders from various regions can receive assistance in their preferred language, further enhancing the trading experience.

The quality of customer service at Eightcap is a testament to the broker’s client-centric approach. By offering multiple support channels, responsive service and educational resources, Eightcap aims to maintain a supportive environment where traders can thrive.

This dedication to superior customer service is a key factor in the broker’s reputation and the trust it has built within the trading community.




In the realm of online trading, the importance of safety and security cannot be overstated. Traders need assurance that their investments are protected and that their broker operates under strict regulatory standards.

Eightcap recognises this necessity and has taken significant measures to ensure a secure trading environment for its clients. The broker’s commitment to safety is underscored by its adherence to regulations set by some of the world’s most respected financial regulatory bodies.

Eightcap’s commitment to regulatory compliance is evident through its licensure and regulation by the following regulatory bodies:

  • Australian Securities and Investments Commission (ASIC): ASIC’s oversight is a testament to Eightcap’s commitment to upholding stringent financial services standards, emphasising transparency, fairness and the protection of investor rights within Australia.
  • Cyprus Securities and Exchange Commission (CySEC): Regulation by CySEC signifies adherence to the European Union’s rigorous financial regulatory framework, including compliance with the Markets in Financial Instruments Directive (MiFID II). This provides traders within the EU and beyond the assurance of high levels of investor protection and operational standards.
  • Financial Conduct Authority (FCA): The FCA is renowned for its strict regulatory standards, particularly in the UK. Eightcap’s regulation by the FCA underscores its dedication to maintaining the integrity of its trading operations, ensuring client funds’ safety and providing a transparent trading environment.
  • Securities Commission of The Bahamas (SCB): Regulation by the SCB indicates that Eightcap adheres to international regulatory standards, offering an additional layer of credibility and security to its global client base.


Client Protection Measures

To further protect its clients, Eightcap implements several key measures:

  • Segregation of Client Funds: Eightcap keeps its clients’ funds in segregated accounts with top-tier banks. This means that client funds are kept separate from the company’s own funds, ensuring that client assets are protected in the unlikely event of the broker’s insolvency.
  • SSL Encryption: The broker employs Secure Socket Layer (SSL) encryption technology across its platforms and website. This encryption ensures that all data transmitted between the client and the broker is securely encrypted, protecting sensitive information from unauthorised access.
  • Risk Management Tools: Eightcap provides its traders with various risk management tools, such as stop loss orders and negative balance protection. These tools help traders manage their risk effectively, safeguarding against significant losses.
  • Compliance and Monitoring: Regular audits and compliance checks are conducted to ensure that Eightcap continues to meet the strict regulatory requirements and operational standards set by its regulators. This ongoing monitoring further ensures the broker’s commitment to transparency and fairness in its trading operations.




According to our research, we were unable to find any promotions currently offered by the broker. However, they may well offer promotions in future and traders are encouraged to check Eightcap’s website on a regular basis to see if any promotional offers appear there.




Eightcap provides its clients with a comprehensive suite of research tools and resources designed to enhance their trading decisions and strategies. This includes access to up-to-date market analysis, financial news feeds, economic calendars powered by AI and technical analysis tools.

The broker’s market analysis in the form of their own Trade Zone live sessions, covers a wide range of topics, from currency pair movements to commodity price fluctuations and stock market trends, offering insights that cater to various trading interests.

The economic calendar is particularly useful for traders looking to stay ahead of market-moving events and data releases. Additionally, Eightcap’s integration with advanced charting tools and technical analysis software allows traders to conduct in-depth market analysis, identify trading opportunities and develop informed trading strategies.

This robust offering of research tools underscores Eightcap’s commitment to supporting its clients’ trading success through valuable and actionable market insights.




Eightcap places a strong emphasis on trader education, providing a comprehensive suite of educational resources suitable for both novice and experienced traders.

The broker’s educational offering includes a wide range of educational tools such as webinars, video tutorials and their own proprietary Eightcap Labs, which covers essential trading concepts, market analysis techniques and strategies.

These resources are designed to help traders build their knowledge, enhance their trading skills and make informed decisions in the markets.

Additionally, Eightcap offers detailed guides on how to use its trading platforms effectively, enabling traders to maximise the tools and features available to them.

The commitment to education is evident in the quality and variety of materials provided, making Eightcap a supportive broker for traders looking to advance their trading education and achieve their investment goals.




Eightcap has won multiple international awards in recognition of their excellent service provision. Some of their most recent awards include the following:

  • Broker of the Year (2023) – Global Forex Awards.
  • Annual Review Award (2023) – International Business Magazine.
  • Most Innovative Affiliate Program – Global Business Review.
  • Best MT4/MT5 Broker (2022) – DayTrading.com.
  • Best Forex MT4 Broker Australia (2022) – International Business Magazine.
  • Best Forex Trading Support (2022) – Global Forex Awards.
  • Best Crypto Broker (2022) – AtoZ Markets.
  • Best Forex Educational Resources (2022) – Global Forex Awards.
  • Best Customer Service Broker (2021) – Global Brands Magazine.




With robust regulation by ASIC, CySEC, the FCA and the SCB, Eightcap demonstrates its unwavering commitment to maintaining a secure and reliable trading environment.

This regulatory framework, combined with comprehensive client protection measures, positions Eightcap as a trusted and safe broker for traders globally.

Clients can engage with Eightcap, knowing they are partnering with a broker that places utmost importance on safety, security and adherence to international regulatory standards.




Eightcap stands out as a highly reputable broker in the forex and CFD trading industry, offering a comprehensive suite of services that cater to the needs of a diverse range of traders. With its competitive and transparent commissions and fees, a wide array of trading instruments and access to advanced trading platforms, Eightcap provides a robust trading environment.

The inclusion of Capitalise.ai for automating trading strategies further underscores Eightcap’s commitment to leveraging technology for enhanced trading efficiency.

Given these features, along with the broker’s emphasis on safety, security and customer-centric services, Eightcap is a compelling choice for traders looking for a supportive and efficient trading partner.

Whether you’re just starting out or are an experienced trader seeking to expand your trading strategies, Eightcap provides the tools, resources and environment to achieve your trading goals. Brokersuggest.com highly recommends this broker as your future trading partner.

Related Articles