Eightcap is a CFD and Forex MT4 and MT5 trading platform that offers more than two hundred financial instruments. As Eightcap’s servers are located in the same region as the world’s major financial institutions, order execution times are incredibly quick. Spreads for Eightcap are modest, beginning at 0.0 pips.
What exactly is Eightcap?
Eightcap was created in 2015 as a global online financial trading platform and multi-asset broker.
Seven years later, Eightcap has expanded to offer Forex and CFD trading to regular clients.
Eightcap is a worldwide broker. Eightcap’s headquarters are located in Australia.
Finding a broker who matches your requirements when trading on the financial markets can be a time-consuming process.
This Eightcap review will delve deeply into the platform’s performance as an international multiple financial asset trading platform for traders in the year 2022.
Frequently, it is necessary to browse and study numerous broker websites, all of which employ distinct linguistic styles. The language can be extremely perplexing. Selecting an internet broker such as Eightcap can be challenging. For a novice, the initial obstacles may include what appears to be a complex mobile or online trading platform, difficult financial language, and unclear cost structures. In this evaluation of Eightcap, we outline the advantages and disadvantages. What Eightcap can offer and in which countries Eightcap is available. Who regulates Eightcap, with further details.
Having a trustworthy and competent broker is essential for online trading success. Ensure that your broker is not fraudulent or unreliable to protect your investment. In order to establish a fruitful working relationship with your broker, you must ensure that your needs match his or hers.
This is why we have taken the effort to evaluate only the top brokerage firms, their procedures, their fee structure, and all other relevant factors. We want you to research, assess, and entrust your hard-earned money to only the most trustworthy and competent brokers. We hope you find this review of Eightcap to be helpful.
This evaluation of the Eightcap platform is fairly comprehensive. If you are interested in trading in any capacity with Eightcap, please read and investigate the whole Eightcap review.
We have endeavored to explain the intricacies of financial trading on the Eightcap platform as clearly as possible so that you, the trader, are as well-informed as possible prior to using the Eightcap trading tools and depositing and withdrawing funds from Eightcap.
Online investments might be just as dangerous as traditional investments. As with any investment, it is essential to investigate the organization with which you are dealing. When trading financial assets with Eightcap, including Forex and CFDs. You should have faith in Eightcap and know that your financial assets on the Eightcap platform are well managed.
At the conclusion of this Eightcap review, you’ll also find a list of comparable services.
With this Eightcap review, we hope to assist you in determining whether or not Eightcap meets your needs.
It is a popular misconception that online trading is simple. Online trading is complex, and traders must conduct their own research and have a firm grasp of their activities. This post will provide you with crucial information about Eightcap that will help you get started in the world of online trading.
Eightcap is a Multi-Asset Trading Platform that offers over 100+ Assets.
Eightcap is a multi-asset platform with over 100 Assets that may be traded. Forex and CFDs are accessible on Eightcap as tradable assets.
Eightcap trades many sorts of financial assets. A financial asset is any actual or intangible security or asset with connected financial value. This indicates that Forex and CFDs are financial assets.
Specifics of Eightcap
• Virtual Portfolio, also referred to as a Demo Account
• StopLoss
• Following Stops
• TakeProfit Orders
• Eightcap provides Comparison Tools for Advanced Financial Charts
• Eightcap delivers expert financial market and investment analysis supported by research
• The Eightcap platform is accessible on a variety of devices, including Windows PCs, iOS devices such as iPhones and iPads, Android devices, and web browsers.
• Eightcap provides an intuitive trading platform with capabilities for both novice and seasoned investors.
Why Eightcap users benefit from the platform’s availability in more than two languages
Eightcap analysis
What you ought to know
Eightcap offers two trading options: Forex and CFDs. The assets and products you have access to on the Eightcap trading platform depend on your location and the company you have an account with.
With Eightcap, a $100 minimum deposit is required. Sign up for a demo account to become familiar with the Eightcap platform.
Eightcap is equipped to accommodate traders of all skill levels, from novice to expert.
Are Eightcap safe?
When selecting a broker such as Eightcap, the administrative organization and regulatory status of the broker are crucial. Brokers that execute transactions without regulatory oversight do so at their own discretion. Any invested capital is subject to danger.
Established in 2015 and operating for seven years, Eightcap’s headquarters are located in Australia.
Eightcap is governed. The regulatory authorities of the Australian Securities and Investments Commission (ASIC) supervise and monitor Eightcap’s conduct.
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. The withdrawal request you submit to Eightcap will be honored. If Eightcap violates any regulatory guidelines, they could lose their regulated status.
Losses can exceed deposits
Are my funds secure with Eightcap?
Traders’ deposits to their Eightcap accounts are maintained in a separate bank account.
For enhanced protection For this, Eightcap utilizes tier-1 banks. Tier 1 is the official indicator of a bank’s financial stability.
Why does Eightcap utilize Tier 1 banks?
Tier 1 banks are regarded as the safest and most secure in terms of client capital. Tier 1 is a word used to describe a bank’s financial strength. Tier 1 banks have substantial capital reserves and can often tolerate unforeseen losses.
What does it mean for your Eightcap funds to be deposited in a Tier 1 bank?
If you deposit money with Eightcap, your funds will be held in a bank with sufficient capital to meet your withdrawal requests even if Eightcap goes out of business.
We can therefore conclude that Eightcap is reasonably safe and secure.
Please aware, however, that it is possible to lose money when trading financial instruments. Accounts can lose money due to insufficient market research, lack of skill, or failure to utilize the tools given by the brokerage platform.
When dealing in financial investments, fast losses due to Forex and CFD trading are prevalent. You should only engage in trading if you are aware that your invested capital is always at risk due to market volatility. Additionally, Eightcap makes it clear on their platform that losses can exceed deposits.
Now that we’ve answered some vital questions about Eightcap, we can proceed. Let’s examine the Eightcap features in further depth.
Consider creating two accounts when utilizing Eightcap. One account contains actual money, while the other is a practice account. The demo account serves as your testing account.
Losses can exceed deposits
We may gain a commission if you register with a broker through one of our links.
How Eightcap Compares to Other Brokers as a Company
Eightcap Pluses and Minuses
What we enjoy most about Eightcap
• Over 10,000 Eightcap users and traders use the service
• Originating in 2015
• Australian Securities and Investments Commission regulates the market (ASIC)
• Minimum down payment of $100
The things we dislike about Eightcap
• Does not provide VPS (See alternatives)
• Not FCA Governed (See alternatives)
Detailing Eightcap Regulation and Licensing
We have confirmed that Eightcap is governed and monitored by respectable organizations. You can review every Eightcap regulatory and oversight organization listed below. The regulation provides remedies for anyone who have problems with Eightcap. In the event that a broker falls insolvent, regulatory authorities protect traders via reimbursement systems that recoup client funds.
To maintain their licenses and continue operations in these jurisdictions, the brokerage firms must adhere to a variety of rules and criteria established by the regulatory authorities of each jurisdiction. The purpose of regulation is to safeguard Eightcap traders and create a more secure trading environment. Financial regulation and license approval is needed.
• Commission for Australian Securities and Investments (ASIC)
Eightcap is managed, regulated, and monitored by respectable financial regulatory agencies. Regulatory organizations monitor the behavior of brokers and will take action if something goes wrong. Ensure that an online broker, such as Eightcap, is legitimate before engaging in online trading with them.
Eightcap International?
Yes, Eightcap is worldwide because it is accessible in more than 194 countries.
Eightcap is a global trading platform in that it works in 194 countries, including African, Asian, Oceanian, and European states. Eightcap primarily serves the United Kingdom, Germany, Australia, South Africa, Thailand, and China. Eightcap has more than 10,000 users in total.
Eightcap analysis
Eightcap Honors
In the seven years that Eightcap has been functioning as a financial broker, they have earned a number of industry honors. We have included Eightcap’s most notable prizes and mentions below.
• Awarded trading platform and mobile applications
Eightcap analysis
Eightcap Charges Explanation
• Eightcap withdrawal costs vary by mode of payment
• Eightcap does not charge inactive accounts any fees.
• Eightcap does levy deposit fees.
Brokers provide cutting-edge internet trading platforms, mobile trading applications, financial research tools, and educational materials. In order for a brokerage to maintain these services and generate income as a business. You must be aware of the numerous trading costs that brokers may charge clients, as they may effect your bottom line.
Eightcap Minimum Deposit
When opening an Eightcap account, a minimum deposit of 100 GBP/USD/EUR is required.
A minimum deposit is the minimum amount needed to start a new online brokerage account with Eightcap.
Brokers like Eightcap that need a minimum deposit to start a trading account should not deter you. Brokers with higher minimum deposits typically offer premium services on their platforms that are not free on other platforms.
In general, brokers with smaller minimum deposits cater to a more broad clientele that does not require certain advanced features and research tools.
Brokers who do not require minimum deposits typically do so to attract new clients. They must generate returns in some way, therefore transaction commissions and other trading fees may be greater for accounts with a small minimum deposit.
Brokers requiring a higher minimum deposit typically provide a broader selection of trading features on their platforms. Frequently, these brokers provide more comprehensive technical analysis and research tools, as well as enhanced risk management capabilities.
As an increasing number of online trading platforms have joined the market, the minimum amount required to create a live trading account has decreased as brokers compete for new customers.
Depending on the type of trading account you choose, some brokers have a minimum deposit requirement of up to 6,500 GBP/USD. Certain brokers can go up to 10,000 GBP/USD.
Fees for Eightcap Withdrawals
Eightcap withdrawal costs vary based on the withdrawal option you choose.
Each broker has its own withdrawal policies about how funds can be withdrawn from trading accounts.
This is due to the fact that each brokerage business will have different withdrawal methods, and each payment provider may have varying transfer processing fees, processing delays, and currency conversion expenses. The conversion charge depends on your base currency, the destination currency, and your payment provider.
Eightcap, for instance, permits withdrawals to Credit cards, Debit cards, Bank Transfer, POLi, UnionPay, and Payoneer.
Eightcap Fees for Inactivity
Eightcap does not charge inactive accounts a fee.
Account inactivity fees are fees levied to clients of authorized brokerage firms.
In accordance with the terms and conditions of their accounts, brokers may impose specific trading activity requirements on their clients.
If a client’s trading account is inactive for a length of time determined by the broker, an inactivity fee may be charged.
Inactive account fees are not exclusive to online trading accounts. Numerous financial service providers may assess inactivity fees. Please review the broker’s website and confirm that you are aware of and agree with any fees and services you may be charged.
If you are no longer utilizing your trading account, contact your broker’s customer service to close it. And ensure you have documentation that there are no outstanding fees.
Depending on the type of account you have, an inactivity fee may only be assessed under specific conditions. As part of their regulatory obligations, brokers must explicitly disclose any inactivity costs.
Some brokerage firms may levy inactivity fees as compensation for retaining your account on their costly trading platforms, in an effort to recoup money lost from commission fees from your lack of trading.
Fees for EightCap Deposits
Eightcap does impose deposit fees.
When depositing funds from your payment method into your trading account, some brokers may impose a fee. This is due to the fact that the payment method you select to fund your account may include a cost.
When you deposit a specific fiat currency into your account, the cost may be fixed. For instance, depositing payments using a credit card is known to incur significant costs. This is the case if your broker accepts credit card deposits.
Eightcap Fees for Commissions
On CFD instruments, Eightcap charges a commission.
A commission fee may be charged by a broker for enabling the purchase and sale of financial assets through your trading account.
The majority of a brokerage’s revenue may come from charging commission fees to registered traders on client transactions.
Commission fees might vary based on the type of transaction, the type of financial asset, and the account tier.
If the brokerage executes, cancels, or alters an order on your behalf, the broker will charge a commission.
Typically, if a market order is not executed by your broker, no commission is charged.
Be advised that if you modify or cancel your transaction, your broker may incur a commission fee.
Eightcap analysis
What may be exchanged using Eightcap?
Due to legal restrictions, different organizations under the Eightcap Brand provide different trading instruments. Trading instruments may vary based on the Client’s place of residence and the organization holding the customer account. Additionally, the trading instruments provided by Eightcap may differ based on the trading platform you choose.
With Eightcap, you can trade over a hundred different types of instruments.
Eightcap offers more than 45 currency pairs if you are searching for Forex brokers to trade currency pairs on worldwide Forex marketplaces.
Below, we contrast Eightcap with IC Markets and Roboforex.
Losses can exceed deposits
Eightcap analysis
Trading on Eightcap online platforms and other software
Eightcap provides the well-known MT4 forex trading software. See our comparison of MT4 brokers for a list of the best MT4 brokers.
Additionally, Eightcap provides mobile apps for Android and iOS, making it easy to monitor and execute transactions while on the go.
Check out Eightcap’s platforms.
Is Eightcap’s Trading Platform Safe?
Eightcap protects its clients’ personal information with SSL encryption on both PC and mobile platforms. Eightcap also recommends on its online platform that users always look for the SSL security symbol (a locked padlock) on the browser when using Eightcap.
Options for the Eightcap Trading Platform
After logging into your Eightcap account, the following trading platform options will be displayed.
• MetaTrader 4 (MT4)
MetaTrader 5 (MT5) is not a trading platform offered by Eightcap. Click here if you are seeking for an online platform that supports MT5.
Eightcap does not offer the trading platform cTrader. Here you can locate a broker that supports cTrader
Let’s examine in detail each of these trading platforms and the options provided by Eightcap.
Fourcap MetaTrader (MT4)
Since 2005, MetaTrader 4, generally known as MT4, has been one of the most widely used trading systems on the financial markets. The MetaTrader 4 program provides a feature-rich, user-friendly interface and a highly customizable trading environment, all of which are designed to meet all of your trading demands and improve your trading success. Advanced charting capabilities and order management features.
Understand that the MetaTrader 4 (MT4) trading platform was designed primarily for Forex trading, but you may trade other financial assets via CFDs and Spread Betting. Stocks, Indices, Commodities, ETFs, and Futures cannot be traded on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets when you speculate on price fluctuations with CFDs or Spread bets with Eightcap. Here you may find additional information about the MT4 Platform.
You can begin using the MetaTrader 4 platform with Eightcap in many ways, including via an online web platform and a downloaded application for Windows PCs and Apple Macs. MetaTrader 4 from Eightcap is compatible with macOS Mojave. Eightcap enables mobile trading on Android and iOS devices, such as the iPhone, for traders.
Metatrader 4 Webtrader on Eightcap
MetaTrader 4 is the most popular trading platform in the world, as more and more traders go to online trading. MetaTrader 4 is a web-based application that can be accessed by a web browser. MetaTrader 4 web software offers the same user-friendly performance as the desktop version by utilizing powerful charting, a highly customizable trading environment, easily accessible online trading tools, and numerous indicators. Without a Dealing Desk, you can trade in our Raw Pricing environment from anywhere in the world.
Eightcap MetaTrader 4 for iOS Trading
You may download the Eightcap app from the Apple app store and also trade with Eightcap via the MetaTrader 4 application.
Metaquotes MetaTrader 4 is available for free download from the Apple App Store. Customers of Eightcap get immediate access to these Financial Markets and the opportunity to manage their Portfolios on the go.
Eightcap MetaTrader 4 for Android Trading
Android mobile devices and tablets are utilized by millions of individuals worldwide. Eightcap gives its customers access to the MetaTrader 4 platform on Android-supported devices, allowing them to monitor the financial market and trade directly from Android-based Smartphones and tablets. The Android Eightcap MetaTrader 4 Android application enables traders to utilize several advanced trading tools, allowing them to monitor and trade Forex fast, easily, and safely while on the go.
Trade Eightcap MetaTrader 4 through the Trading Central
Trading Central’s Alpha Generation Indicators is a Bundle of Three Major Indicators, Consisting of:
• Analyst Perspectives – An indispensable resource for leadership and important positions.
• Adaptive Candlesticks – Identifies chart patterns that depict significant demand and supply shifts.
• Adaptive Divergence Convergence (ADC) – Similar to MACD, but helpful for shorter time frames and offering more timely signals.
Eightcap Advanced MetaTrader 4 Trading Tools
Eightcap’s innovative trading tools for MetaTrader 4 seek to enhance the overall trading experience and provide traders a competitive edge. Eightcap provides access to twenty exclusive products, including feature-rich trade execution and administration applications, advanced notification alarms, messaging capabilities, novel market data, and more.
Eightcap MetaTrader 4 MultiTerminal Trading
MetaTrader 4 MultiTerminal provides a user-friendly dashboard for traders to handle and monitor multiple trading accounts. MultiTerminal enables you to handle over 100 Accounts concurrently, enabling you to place market orders, pending orders, examine live market prices, and monitor all accounts and equity in real time. All accounts must be hosted on the same MetaTrader server. MultiTerminal does not support Expert Advisors and other Automated Trading programs.
Eightcap MetaTrader 4 AutoChartist
Eightcap Autochartist is the first company to offer a Market Scanner for MT4 with a non-trading Expert Advisor script. Examine markets for potential trading opportunities while seeing all symbols and time intervals on a single graph. The days of launching multiple graphs on which you forget which currency you’re viewing are over. Autochartist provides a straightforward user interface that may be tailored to your trading preferences.
Eightcap Trading added value
• Permits scalping
• Permits hedging
• Offers STP
• Low min deposit
Provided Eightcap Trading Accounts
Below is a summary of the account types offered by Eightcap. Regardless of your trading objectives, Eightcap’s varied account types will be able to meet your requirements.
• Trial account
• Mini account
• Normal account
• Spread-free account
• Account ECN
• Account STP
May I sample Eightcap?
Eightcap provides a demo account for testing purposes prior to making financial payments.
Losses can exceed deposits
Methods for Eightcap withdrawal and funding
Please note that the Eightcap payment options listed below vary by Eightcap Entity and Client Country of Residence.
Checking your Eightcap member’s section on the Eightcap website will reveal all accessible Eightcap payment options.
Eightcap offers the following funding methods: You may utilize any of the deposit methods listed below if they are accessible in your region. information about Eightcap
EightCap Settlement Procedures
• Eightcap is able to accept Credit Cards
• Eightcap is compatible with debit cards
• Eightcap is compatible with Bank Transfer
• Eightcap recognizes POLi
Eightcap acknowledges UnionPay.
Eightcap supports Payoneer.
*please note that available Eightcap and other broker payment options are dependent on the country of residence of the client.
How can I begin trading on Eightcap?
In order to start a trading account with Eightcap, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform. Here you may discover full information regarding Eightcap’s trading platforms. As part of Eightcap’s onboarding and standard KYC identity checks, you will be required to supply basic identification papers. These standard procedures allow Eightcap create a secure financial environment for its 10,000 users.
Losses can exceed deposits
Executing transactions with Eightcap
Eightcap permits a minimum trade volume of 0.01 Lot. Depending on the account you open, this may differ. The maximum trade requirements differ between traders and instruments. As Eightcap offers ECN and STP execution, you can anticipate extremely tight spreads and greater pricing transparency while executing transactions.
As with the majority of brokers, margin requirements vary by instrument.
Trading in CFDs on Eightcap
Let’s examine the fundamentals of using Eightcap leverage.
Eightcap offers CFDs, which are leveraged products; in this example, 10 times leverage is described.
You have a ten thousand dollar position, but you’ve only committed one thousand dollars, or one tenth of the account’s value. You are in a position where a tiny amount of money controls a much larger financial position. Herein lies your advantage.
Simply defined, leverage multiplies both gains and losses.
Trading with Eightcap leverage multiplies both gains and losses.
Suppose you use the Eightcap trading platform to purchase/sell $10,000 worth of General Electric (GE) using contracts for difference (CFDs).
Suppose General Electric (GE) gains 10% due to positive results, increasing the value of your stock from $10,000 to $11,000.
It has increased in value by 10%, or $1000, which is a 100% increase on the funds initially invested to the leverage CFD transaction.
Our initial investment of ten thousand dollars for the deal has yielded a profit of one thousand dollars because the price has increased by ten percent.
The Eightcap leverage is bidirectional. If General Electric (GE) falls 10% on week results, your ten-thousand-dollar stock is now only worth nine-thousand dollars. It’s decreased by one thousand dollars.
Typically, Eightcap CFDs are used for short- to medium-term trading. For example, intraday Eightcap CFD trading. A CFD trade can be more flexible than a traditional market deal in which the underlying asset is owned, notwithstanding the significant risk associated with CFDs’ independence from financial markets. CFD trading provides access to CFD fractional shares, CFD global markets, and CFD short selling. CFDs can also be used for hedging by skilled traders.
Always keep in mind that CFDs are intricate products with a significant danger of losing money quickly owing to leverage. Losses can exceed deposits
Limit Trading Risk with Eightcap Stop Loss and Stop Limit Orders
A stop-loss order is an order made with a broker, such as Eightcap, to purchase or sell a stock once it hits a specified price. The purpose of a stop-loss is to restrict a trader’s loss on a security position.
Unless the trade is hedged against another trade or the trader is not utilizing leverage, most traders must utilize stop losses to protect themselves against enormous danger. The circumstances vary based on the trade and markets.
Resources for Education at Eightcap
To trade successfully using Eightcap, it is essential to have a thorough understanding of the platform’s trading tools and marketplaces. Ensure that you fully utilize all educational resources. This contains Eightcap and external eduction tools.
Eightcap provides a variety of instructional resources. Take your time and study the movement of the financial markets. Spend some time learning how your trading platform operates. Learn how to execute buy/sell transactions, take advantage of worldwide trading times, and, most importantly, mitigate and manage investment risk.
An analytical approach may be advantageous while trading with Eightcap.
Train yourself to think more methodically and logically about the markets by exploring the Eightcap platforms. It is a new skill set for many, but the market expects you to have it.
Support for Customers at Eightcap
As part of our assessment of Eightcap, we evaluate customer service choices, response times, and the effectiveness of Eightcap trading platform problem resolution. Eightcap supports a limited number of languages, including English and Chinese.
Eightcap has an A support grade since it supports more than three languages.
Support via Livechat at Eightcap
We tested the Eightcap live chat and found it to be functional. We sent messages via their app and website to Eightcap’s livechat and received a response within 8 minutes.
We tried communication with Eightcap support in a variety of languages and countries. Eightcap was able to address our customers’ concerns.
Email Assistance at Eightcap
We wrote multiple emails to Eightcap, and response times were generally excellent. The quickest response time from Eightcap was within 40 minutes, while the longest response time was 9 hours. Support response times with Eightcap may differ for you, but this was our experience after sending 10 emails at various times.
Our questions were resolved and answered by the team. Eightcap provides solid email support in general.
Phone Assistance at Eightcap
We dialed Eightcap’s number, and the call was answered promptly. In less than 5 minutes, the phone was answered.
The Eightcap phone support crew was able to satisfactorily address our inquiries and concerns over the phone. We put the multilingual Eightcap staff to the test by making calls in several languages. Eightcap made an effort to ensure that all of our questions were addressed.
Overall, Eightcap’s phone service was satisfactory.
What is required to create an account with Eightcap?
As Eightcap is regulated by Australian Securities and Investments Commission (ASIC), all new clients must pass a few basic compliance tests to ensure that they are aware of the dangers of trading and are permitted to trade. When you open an account, you will likely be required to provide the following information:
• Be aware that the expiration date of Proof of address documents for various Eightcap Brand entities may vary.
• A scanned color copy of your passport, driver’s license, or national identification card
• A utility bill or bank statement showing your address from the preceding three months
In addition, you’ll need to answer a few simple compliance questions to verify your trading experience, so you should set aside at least 5 minutes to finish the account opening procedure.
While you may be able to view the Eightcap platform immediately, it’s crucial to know that you won’t be able to trade until you pass compliance, which might take several days depending on your position.
Here you can access the Eightcap trading platform to initiate the account opening procedure.
View this Eightcap Explanation Video
Is Eightcap An Effective Broker?
We invested over three months investigating Eightcap in depth. Despite the fact that we discovered several very useful parts of the Eightcap platform that would be beneficial to some traders, we believe that you would be better served by choosing an alternative to Eightcap.
• Eightcap has a proven history of providing Forex and CFDs.
• Eightcap’s history spans over seven years.
• Eightcap has a sizeable customer service staff of at least ten.
• The Australian Securities and Investments Commission regulates Eightcap (ASIC). This indicates that Eightcap is governed by a jurisdiction that can hold a broker accountable for its mistakes, or at the very least serve as an arbitrator in the event of larger disputes.
• Eightcap is governed by respected regulators.
• Eightcap is able to handle deposits and withdrawals within two to three days. This is crucial during the withdrawal of cash.
• Eightcap has a global presence in numerous nations. Local Eightcap lectures and training are included.
• Eightcap is able to hire individuals from all around the world who are proficient in your local language.
Disclosure of EightCap Risks
Losses can exceed deposits
Trading Risk Disclaimer
Trading financial assets, such as cryptocurrencies and foreign currency markets, carries a significant degree of risk. Regarding leverage and margin-based trading, there is a substantial danger of loss. Some off-exchange financial instruments and derivatives may feature variable leverage, minimal regulatory protection, and substantial market volatility. Never assume that any investment products, strategies, indications, or other materials given will result in profits. You should be informed that investing can lead to monetary loss.
Frequently Asked Questions About EIGHTCAP
Consult our updated Eightcap FAQ section for the year 2022.
May I sample Eightcap?
Before making a deposit, you can test the Eightcap platform with simulated trading using a demo account. Virtual trading is risk-free with Eightcap. LEARN MORE HERE
What types of investment does Eightcap accept?
Please note that the payment options listed below are dependent on the Eightcap Entity and the client’s country of residence.
Eightcap offers a variety of funding payment options, including credit cards, debit cards, bank transfers, POLi, UnionPay, and payoneer.
LEARN MORE HERE
Losses can exceed deposits
Is Eightcap a secure platform?
The Australian Securities and Investments Commission regulates and monitors Eightcap’s conduct, thus the company is deemed trustworthy (ASIC). Traders’ deposits to their Eightcap accounts are maintained in a separate bank account. Eightcap uses tier-1 banks for extra security. Tier 1 is the official indicator of a bank’s financial stability.
Losses can exceed deposits
Is Eightcap trading successful?
Eightcap is regarded as a reliable and trustworthy business partner. Over 10,000 traders and Eightcap users utilize Eightcap. Eightcap provides Forex and CFDs trading. Eightcap’s minimum deposit requirement is 100.
Is trading with Eightcap legit?
Australia launched Eightcap in 2015. Seven years ago, Eightcap began enabling trade on the financial markets. Eightcap provides clients with Forex and CFD trading. For security purposes, Eightcap holds all funds in separate bank accounts. Eightcap is governed by the Australian Securities and Investments Commission (ASIC), hence it is legitimate.
Is Eightcap an effective broker?
The Australian Securities and Investments Commission (ASIC) is the premier financial regulator, hence Eightcap can be regarded as a trustworthy broker. Eightcap facilitates Forex and CFD trading.
Is Eightcap a reliable broker?
Eightcap is a trustworthy company. All funds contributed to Eightcap are deposited into a separate bank account. This indicates that Eightcap does not hold your funds directly. The broker does not have direct access to your cash and hence cannot misappropriate them. Additionally, Australian Securities and Investments Commission regulates Eightcap (ASIC).
What is Eightcap’s minimum deposit requirement?
Eightcap’s minimum deposit requirement is $100.
How long do withdrawals from Eightcap take?
Withdrawing funds from Eightcap can take anywhere between two and five days, depending on the method.
Is Eightcap governed?
The Australian Securities and Investments Commission regulates Eightcap (ASIC). Regular evaluations and audits are conducted by regulatory agencies as part of Eightcap’s regulatory compliance. You may discover more about these reviews on the websites of the relevant regulators.
Is Eightcap an intermediary?
Eightcap operates as a market maker. Eightcap will purchase stocks, cash, and other commodities and instruments even if no buyer has been identified.
How can I begin trading on Eightcap?
In order to start a trading account with Eightcap, you must register here. After receiving your login information through email, submitting your identification documents for account validation, and making a deposit, the next step is to download your preferred trading platform. Here you may discover full information regarding Eightcap’s trading platforms.
Are my funds secure with Eightcap?
The Australian Securities and Investments Commission regulates Eightcap (ASIC). The governing body and regulatory status of a broker, such as Eightcap, is one of the most significant factors for traders to consider when choosing a broker. Brokers who operate without regulation do so at their own discretion and endanger the safety of their clients’ funds.
Due to the regulations enforced, it is improbable that regulated brokers will manipulate market pricing. The withdrawal request you submit to Eightcap will be honored. If they violate any regulatory requirements, their status as a regulated entity may be revoked.
Is Eightcap deceptive?
Eightcap is well-established and regulated, having been in business for over seven years. Eightcap is legitimate.
Can you generate revenue with Eightcap?
Despite the fact that traders have had remarkable success with Eightcap. Eightcap’s trading on the financial markets is not a get-rich-quick program. If you educate yourself, use a demo account for practice, and carefully plan your trades, your likelihood of success will increase significantly. Never invest funds that you cannot afford to lose. Losses can outweigh deposits.
Does Eightcap require a fee?
Eightcap withdrawal fees vary by payment method and there are no inactivity fees. Eightcap does impose deposit fees.
When did Eightcap begin?
In 2015, Eightcap was founded.
How many users using Eightcap?
Eightcap is utilized by more than 10,000 registered users.
What country is Eightcap’s headquarters?
Eightcap’s headquarters are located in Australia.
Does Eightcap provide protection against negative balances?
Eightcap does not provide protection against negative balances. Traders cannot lose more than they have deposited when negative balance protection is in place.
Does Eightcap provide a stop loss guarantee?
Eightcap does not offer stop loss guarantees. Risk is handled with assured stop loss protection. Traders are obligated to close your trade at the price you specify. Only during market hours and under normal market conditions are Stop Loss orders guaranteed.
Allows Eightcap scalping?
Eightcap facilitates scalping.
Allows Eightcap hedging?
Eightcap provides hedges.
Offers Eightcap CFD trading?
Eightcap facilitates CFD trading.
Eightcap provides STP?
Eightcap facilitates STP trading.
How many users using Eightcap?
Over 10,000 Eightcap users and traders utilize Eightcap.
Is Eightcap a broker ECN?
Eightcap facilitates ECN trading.
Does Eightcap provide a free trial account?
Eightcap provides a trial account.
Does Eightcap provide a Muslim account?
Eightcap does not offer accounts for Muslims.
What are Eightcap’s funding methods?
Please note that Eightcap’s available funding methods and possibilities may be found in the Members section and are dependent on the client’s country of residence. Please review your unique payment options on the Eightcap website. Credit cards, debit cards, bank transfers, POLi, UnionPay, and Payoneer are acceptable payment methods at Eightcap.
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