EightCap Review 2023 – Pros and Cons

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EightCap is a leading online trading brokerage firm that offers a wide range of financial instruments such as forex, indices, commodities, cryptocurrencies, and shares to traders from around the world. The company was founded in 2009 and is headquartered in Melbourne, Australia, with additional offices in London, UK, and Shanghai, China.

EightCap is regulated by the Australian Securities and Investments Commission (ASIC) and is licensed to operate in multiple jurisdictions worldwide. The company uses advanced technology to provide its clients with fast and reliable execution speeds, competitive pricing, and a range of trading tools and resources.

The company’s mission is to provide its clients with the best possible trading experience, which is why it invests heavily in education and support services. EightCap offers a range of educational resources, including webinars, eBooks, trading guides, and video tutorials, to help traders improve their skills and stay up-to-date with the latest market developments.

EightCap also provides exceptional customer service, with multilingual support available 24 hours a day, five days a week. The company’s experienced team of professionals is dedicated to helping traders achieve their financial goals and is always on hand to answer any questions or concerns they may have.

EightCap

Brokers Name

EightCap

Regulation

ASIC, FSA-St-Vincent, FCA, CySEC

Established

2009

Headquarters

The Bahamas

Trading Desk

Market Maker NDD

USA Clients

no

24H Support

Yes

Weekend Support

no

Website Language

English, Spanish, Portuguese, Indonesian, Thai

Account Details

Accounts

Raw Account, Standard Account

Min. Deposit

$100

Base Currencies

AUD, CAD, EUR, GBP, NZD, SGD, USD

Leverage

1:500

Spreads

1.0 pips

Fixed Spread

Yes

Margin Call / Stop Out

80% / 50%

Trading Platform

MT4, MT5

Trading Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices, Metals

Pros

  • EightCap is a regulated broker.
  • The company offers a wide range of financial instruments.
  • EightCap uses advanced technology.
  • The company offers a range of educational resources.
  • EightCap provides exceptional customer service.

Cons

  • EightCap does not offer trading bonds or options.
  • The company charges commission and spreads on trades.

Trading Features

Commission

Yes

Mini Accounts

no

Standard Accounts

Yes

VIP Accounts

no

Pro Accounts

Yes

Islamic Accounts

Yes

Segregated

no

Managed Accounts

no

Demo Accounts

Yes

Trading Services

Hedging

Yes

News Trading

Yes

Scalping

Yes

Automated Trading

Yes

Trading Signals

no

Educational Service

Yes

Copy Trading

no

Mobile Trading

Yes

Trading Markets

Indices

Yes

Forex

Yes

CFDs

Yes

Commodities

Yes

ETFs

Yes

Stocks

Yes

Bonds

Yes

Crypto

Yes

Funding

Deposit

Credit/Debit Card, POLi Payment, Bank Wire, BPAY®, China UnionPay, Skrill, Neteller, Cryptocurrencies, PayPal, Worldpay, Fasapay, PSP (Virtual Account), PayRetailers

Withdrawal

Credit/Debit Card, POLi Payment, Bank Wire, BPAY®, China UnionPay, Skrill, Neteller, Cryptocurrencies, PayPal, Worldpay, Fasapay, PSP (Virtual Account), PayRetailers

Contacts

Phone

+61385922375, +67835382

Email

customerservice@eightcap.com

Address

208 Church Street Sandyport, Nassau The Bahamas

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