Eightcap Review 2024

What is Eightcap?

Eightcap is a CFD broker that is fully integrated with the popular TradingView platform. This Australian online broker offers a good selection of CFDs for every type of trader. One of the best features of Eightcap is the ability to integrate it with TradingView. This means you can trade directly from your TradingView platform and have access to all features, both on desktop and mobile. Eightcap is a CFD broker, which means you can trade a range of contracts for difference. The broker offers a selection of trading platforms, including the popular choices among retail traders, MetaTrader 4 and TradingView. Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plugins and access to Capitalise.ai’s algorithmic platform. Although the choice of markets on Eightcap is varied, the number of tradable assets is somewhat limited compared to others. Online trading is the main activity of Eightcaps, but in addition, the broker offers a handful of other features. The most notable is Eightcap Labs, which includes strategies, education, and expert market analyses from leading financial analysts.

What is the Review Rating of Eightcap?

What are the Pros of Eightcap?

Eightcap, an Australian financial services company, offers trading solutions to global customers. It’s regulated by multiple bodies including the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of The Bahamas (SCB). Eightcap has a low minimum deposit and high leverage of up to 1:500. It also boasts a competitive cost structure. The company provides excellent technology infrastructure and a seasoned management team. It also offers daily research and quality educational content. Eightcap has won numerous awards, including the recent “Best Forex Educational Resources - Global” and “Best Forex Trading Support in Europe” at the 2021 Global Forex Awards. Over 800 assets are available from the Standard and Raw accounts on the popular MT4 and MT5 platforms. Traders using the Raw account will enjoy raw spreads, ideal for high-frequency traders, scalpers, and short-term traders. Eightcap’s forex fees are the lowest among Australia-based forex brokers. Withdrawals are free, and there is no inactivity fee. Account opening is super fast, and the $100 minimum deposit is reasonable for a forex/CFD-only broker. Eightcap offers a great lineup of crypto products. , making up for a poor CFD selection. It uses the popular MetaTrader platforms. Eightcap has favorable working conditions due to a large choice of instruments, tight spreads, high leverage, and no withdrawal fees. Integration with popular trading platforms and basic deposit/withdrawal options greatly facilitates work with the broker and reduces the entry threshold.

What are the Cons of Eightcap?

Eightcap, while a popular choice for forex trading, does have some limitations. One of the main drawbacks is the slim product selection. This could limit trading opportunities for some investors. The broker also lacks comprehensive research and educational tools. , which could be a disadvantage for new traders who are looking to learn more about the forex market. Another area where Eightcap falls short is in its limited types and numbers of tradable assets. This includes a limited selection of shares and commodities, and a lack of futures and options trading. Eightcap also does not offer joint accounts, copy trading, referral programs, or other options for passive income. Some services are not available in certain regions, such as Australia. Lastly, while Eightcap’s technical support is efficient and competent, it is not available on weekends. This could be a potential issue for traders who require assistance outside of standard business hours.

What are the Eightcap Current Promos?

Eightcap, a regulated Forex & CFD broker, offers a variety of promotions to its active traders. One of the current promotions is the $100 Trading Cash Bonus. If you recommend a friend or an associate to Eightcap and they open and fund a live trading account, you will earn a cash prize of $100 directly into your trading account. Eightcap also offers a sign-up bonus. The deposit bonus is a personal offer that can be discussed with traders’ personal account managers. The specifics of this offer are client-specific and not publicly disclosed. These promotions are Eightcap’s way of recognising and rewarding customer loyalty.

What are the Eightcap Highlights?

Eightcap is a forex and CFD broker that was established in 2009. It is regulated by multiple top-tier regulators, including the FCA in the UK and ASIC in Australia. The broker has a clean track record with no major regulatory incidents or fines. Eightcap offers low forex costs, which are among the lowest among Australia-based forex brokers. There are no inactivity fees, and withdrawals are free. The minimum deposit is $100, which is reasonable for a forex/CFD-only broker. The broker offers a wide range of crypto products, which compensates for a limited CFD selection. It uses the popular MetaTrader platforms. Eightcap has a seamless and fast account opening process. It offers services in several languages and caters to traders at all levels of expertise. The broker offers over 800 financial instruments, including forex pairs and some CFDs on shares, indices, commodities, and cryptocurrencies. It also offers negative balance protection. Eightcap does not accept U.S. clients. It has offices in the UK, Bulgaria, Vietnam, China, and Australia, as well as an offshore entity based in Port Vila, Vanuatu.

What is the Eightcap Origin Story?

Eightcap, a globally trusted CFD broker, was launched in 2009. The company was founded in Melbourne, Australia, with a clear mission: to provide exceptional financial services to its clients. This fundamental principle remains at the core of everything Eightcap does and is pivotal to its success. With over 800 available instruments across multiple asset classes and offices around the world, Eightcap is steadily growing. The company is working towards providing an unrivalled trading experience and delivering what it believes to be one of the best trading environments. Eightcap has been recognised globally as Broker of the Year 2023 at the Global Forex Awards. Other awards for its services include Most Innovative Affiliate Program, Best Crypto Broker, and Annual Review Award. Eightcap is dedicated to providing its traders with the best trading experience. It has been awarded the Best Customer Service Broker (2021) by Global Brands Magazine, as well as the Best Forex Trading Support (2021 and 2022) Global Forex Awards: Retail. To provide the best experience, Eightcap has integrated with the TradingView platform. It has been recognised with many other accolades, including Best MT4/MT5 Broker 2022 and Forex MT4 Broker Australia 2022. In 2021 and 2022, Eightcap was recognised for having the Best Forex Educational Resources for a broker. Providing traders with the best instruments is crucial to its mission. It has been awarded Best Crypto Broker and Most Cryptos 2022. Eightcap has served as the Official Supplier to Scuderia Ferrari, the legendary and record-breaking Formula One team, during the 2019 and 2020 seasons. This partnership is a testament to their shared passion for success.

Is Eightcap Legit and Trustworthy?

Eightcap is a globally recognized Forex and CFD broker. It has been serving retail traders since 2009 and has expanded to five offices worldwide. The trading environment is secure and trustworthy, with oversight by ASIC in Australia and multiple regulatory bodies elsewhere. The broker has won numerous awards, including the recent “Best Forex Educational Resources - Global” and “Best Forex Trading Support in Europe” at the 2021 Global Forex Awards. Eightcap is regulated by the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB). It operates as Eightcap Pty and Eightcap Global Limited. Eightcap is not a scam. Eightcap is licensed and regulated by ASIC (AFSL no. 391441) and VFSC (FDL no. 40377). Further information can be found on ASIC’s official register and VFSC’s official register. Eightcap is a reliable broker with the TU Overall Score of 7.96 out of 10. Eightcap is a reliable option, demonstrating its trust through strong regulations. It’s regulated by the Australian Securities and Investments Commission (ASIC), a well-respected authority globally. It follows strict rules, creating a safe space for trading.

Is Eightcap Regulated and who are the Regulators?

Eightcap is a fully regulated broker. It is regulated by several entities, including top-tier regulators such as the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). There is also an EU entity regulated by the Cyprus Securities and Exchange Commission (CySEC), as well as global entities regulated in The Bahamas and St. Vincent and the Grenadines. Eightcap operates in several countries and is supervised by the following financial authorities: the Australian Securities and Investments Commission (ASIC) for Australia, the Financial Conduct Authority (FCA) for the UK, the Cyprus Securities and Exchange Commission (CySEC) for the EU, The Securities Commission of The Bahamas (SCB) for other clients, and the Saint Vincent and the Grenadines Financial Services Authority (SVGFSA) for other clients. Being supervised by a top-tier regulator significantly enhances the safety of any given broker. These regulators apply the strictest requirements and standards that brokers overseen by them must adhere to. If your broker is regulated by multiple authorities, you should try to sign up with the entity that has top-tier regulation.

Did Eightcap win any Awards?

Eightcap, an Australian FX and CFD broker, has indeed been recognized with several awards in the forex industry. The company is known for its award-winning customer service, which is available 24/5. This commitment to customer service has earned Eightcap the title of Best Forex Trading Support & Best Forex MT4 Broker at the 2021 Global Forex Awards. In addition to these accolades, Eightcap has also been recognized as the Best Customer Service Broker in 2021 by Global Brands Magazine. Other notable awards include the Most Innovative Affiliate Program by Global Business Review, Best Crypto Broker by AtoZ Markets, and an Annual Review Award by International Business Magazine. These awards reflect Eightcap’s dedication to providing traders with an exceptional trading experience.

What type of Forex Broker is Eightcap?

Eightcap is a regulated Forex and CFD broker. It offers a suite of trading tools, including TradingView integration, daily trade ideas, professional trading insight, and code-free automation. Eightcap provides a choice of flexible, feature-rich account types. The Raw account is ideal for those who predominantly trade forex CFDs or for a more experienced trader. It offers trading with spreads as low as 0.0 pips. The Standard Account allows trading without a commission, with spreads as low as 1.0 pips. Eightcap also offers a TradingView account, which provides access to an advanced charting package. All account types are compatible with Expert Advisors (EAs). Eightcap is recognized for its offerings in the crypto derivatives market. and has received multiple awards, including Best MT4 Forex Broker Global 2020 at the Global Forex Awards 2020.

How do I get in Contact with Eightcap?

Eightcap, a renowned forex trading platform, offers multiple avenues for customer interaction. The primary method of contact is via email at customerservice@eightcap.com. This allows for detailed queries and responses, ensuring comprehensive support for your forex trading needs. For more immediate assistance, Eightcap provides phone support at +61 3 8375 9700 or +61 3 8373 4800. This direct line of communication facilitates real-time problem-solving, crucial in the fast-paced world of forex trading. Additionally, Eightcap offers real-time chat support, available 24/5. This feature, accessible via the chat button on their website, provides instant, on-the-go assistance. Remember, Eightcap’s award-winning Customer Service team is committed to creating the best possible experience for your online trading journey.

Where are the Headquarters from Eightcap based?

Eightcap, a financial services company that provides forex trading solutions. , is headquartered in Melbourne, Victoria, Australia. This company offers a range of services including margin foreign exchange, brokerage, cryptocurrency, and shares. Eightcap was founded in 2009. and has grown to become a key player in the financial services sector. It operates an online trading platform based on MT4 and MT5 for indices, forex, commodities, shares, and cryptocurrencies.

What kind of Customer Support is offered by Eightcap?

Eightcap offers a comprehensive customer support system for its forex trading clients. They provide a multi-channel approach to customer service, ensuring that traders can get the help they need in a manner that suits them. Clients can reach out to Eightcap’s award-winning Customer Service team via email at customerservice@eightcap.com. For those who prefer a more direct approach, they can call Eightcap at +61 3 8375 9700 or +61 3 8373 4800. In addition to email and phone support, Eightcap also offers real-time chat support, available 24/5. This ensures that clients can get immediate assistance with their trading needs, regardless of their location or time zone. Eightcap’s commitment to providing excellent customer service makes it a reliable choice for forex traders.

Which Educational and Learning Materials are offered by Eightcap?

Eightcap provides a variety of educational and learning materials for forex trading. They offer a comprehensive guide on how to trade forex, which includes choosing a broker and a platform, understanding the software MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and learning how to deposit a margin into your account. They also provide detailed steps on how to open and fund an account, choose a currency pair, and use leverage to speculate on price movements. The guide explains how to buy and sell currency pairs, and the difference between the two. Eightcap also offers educational materials on understanding major forex pairs in currency trading. They host interactive live events where you can learn the fundamentals of trading from guest analysts. These events aim to bridge the gap between theory and practice, helping you to develop your trading skills. In addition to these resources, Eightcap provides access to third-party trading resources and platforms such as Capitalise.ai’s algorithmic trading platform and the TradingView platform. These platforms can enhance your trading experience and provide additional learning opportunities. However, it’s important to note that forex trading involves a high risk of losing money rapidly due to leverage. Therefore, it’s crucial to understand how forex trading works and consider whether you can afford to take the high risk before getting started.

Does Eightcap hedge Positions?

Eightcap does allow full scalping and hedging. Hedging in forex involves opening a buy position and a sell position on the same currency pair. This is known as direct hedging or a perfect hedge and protects traders against a movement either way. It essentially eliminates all risk but also eliminates any profits. A trader may decide to open a buy position and a sell position on two different currency pairs that are positively correlated. This is known as indirect hedging. For example, the EUR/USD and GBP/USD generally move in the same direction, as do the AUD/USD and NZD/USD. The key benefit of hedging is to offset the risk of price fluctuations in the market, to protect your investments. Other benefits include different strategies, mitigating loss, time-saving, and leverage. However, hedging is not without its disadvantages. If the strategy is not executed correctly, hedging can expose traders to financial risk. Some brokers do not allow direct hedging. In fact, in the United States, hedging in forex markets is illegal. Because hedging is used to protect traders against losses, it also reduces your profits. Money withdrawals are also not allowed during the hedge period. Hedging can be complicated and takes patience. Like all trading strategies, there are fees involved with hedging.

Can anyone join Eightcap?

Eightcap, a regulated Forex and CFD broker, offers a platform for trading on over 800+ CFD markets. It is regulated by several entities, including top-tier regulators FCA in the UK and the Australian Securities and Investments Commission (ASIC). There is also an EU entity regulated by CySEC in Cyprus, as well as global entities regulated in The Bahamas and St. Vincent and the Grenadines. The broker provides a range of powerful trading tools, advanced charting, expert advisors, and custom signals. However, it’s important to note that margin trading involves a high level of risk and may not be suitable for all investors. Therefore, potential traders should carefully consider their objectives, financial situation, needs, and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. In conclusion, while anyone can join Eightcap, it’s crucial to understand the risks involved and to ensure that trading aligns with one’s financial goals and capabilities.

Who should sign up with Eightcap?

Eightcap is a suitable choice for those who prioritize low fees when choosing a forex broker. Its forex fees are among the lowest for Australia-based forex brokers. The broker also offers free withdrawals and does not charge an inactivity fee. The minimum deposit is reasonable at $100, making it accessible for a forex/CFD-only broker. Eightcap is also a good fit for traders who prefer to use the MetaTrader 4 and TradingView platforms. The broker offers raw spreads from 0.0 pips and a low $3.5 commission, which may appeal to active traders. Eightcap also offers over 100 crypto derivatives, which is more than most brokers. Lastly, Eightcap is regulated by top-tier authorities, ensuring that your funds are in good hands.

Who should NOT sign up with Eightcap?

Eightcap is a well-regarded broker in the forex market, known for its low trading costs, integration with popular platforms like TradingView, and regulation by top authorities. However, it may not be suitable for everyone. Traders who require 24/7 customer support may find Eightcap lacking, as their customer service does not operate around the clock. This could be a significant drawback for traders who operate in different time zones or those who prefer immediate assistance at any time. Additionally, Eightcap’s market availability varies by country. Traders interested in specific markets should verify whether those markets are accessible in their country of residence before signing up with Eightcap. Lastly, while Eightcap offers a variety of trading platforms, including MetaTrader 4 and TradingView. , traders who prefer other platforms may not find Eightcap suitable. The choice of trading platform can significantly impact a trader’s experience, and thus, traders should ensure their preferred platform is supported before choosing a broker. In conclusion, while Eightcap has many strengths, it may not be the best fit for traders requiring 24/7 customer support, those interested in specific markets not available in their country, or those preferring a trading platform not supported by Eightcap.

Does Eightcap offer Discounts, Coupons, or Promo Codes?

Eightcap, a major player in the crypto exchange market, does offer promotional codes, although they are issued very rarely. As of December 2023, there was a promotional code available that provided a discount of $150. In addition to this, there was a $30 no deposit bonus available for those who create and fund their live account for the first time. There was also a referral bonus of $100 available for those who sign up at Eightcap.com and deposit $500 or more. Despite the rarity of these promotional codes, Eightcap is a highly sought-after brand when it comes to discount codes and promotional deals, with thousands of consumer web searches for Eightcap codes and deals each month.

Which Account Types are offered by Eightcap?

Eightcap offers three types of accounts: Raw, Standard, and TradingView. The Raw account is ideal for those who predominantly trade forex CFDs or for a more experienced trader. It offers trading with spreads as low as 0.0 pips, a minimum deposit of $100, and a minimum trade size of 0.01 (depending on the instrument). This account type is compatible with EAs. The Standard account allows trading without a commission, with spreads as low as 1.0 pips. It requires a minimum deposit of $100, and a minimum trade size of 0.01 (depending on the instrument). This account type is also compatible with EAs. The TradingView account provides access to an advanced charting package. It has spreads from 1.0 pips, requires a minimum deposit of $100, and a minimum trade size of 0.01 (depending on the instrument). All three account types allow scalping, have a margin call level of 80%, and a stop out level of 50%. They also support multiple base currencies including AUD, USD, EUR, GBP, NZD, CAD, and SGD. Eightcap also offers a free demo trading account for beginners to practice forex trading in a risk-free environment.

How to Open a Eightcap LIVE Account?

Opening a live account with Eightcap, a brand regulated by the Australian Securities and Investments Commission and The Securities Commission of The Bahamas, is a straightforward process. Firstly, you need to start the registration by clicking on the “Create Account” button located at the top right of the webpage. This can be done from a mobile or desktop. Eightcap provides a choice of flexible, feature-rich account types, giving you the option to choose a pricing model that best suits your needs. The Raw account is perfect for those who predominantly trade forex CFDs, or for a more experienced trader. It offers trading with spreads as low as 0.0 pips with a minimum deposit of $100 and a minimum trade size of 0.01 (depending on the instrument). Alternatively, you can opt for the Standard Account which allows you to benefit from trading without a commission, with spreads as low as 1.0 pips. It also requires a minimum deposit of $100, and a minimum trade size of 0.01 (depending on the instrument). Lastly, with a TradingView account, you’ll become part of the world’s largest trading network, with access to an advanced charting package. Please note that margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary.

How to Open a Eightcap DEMO account?

Opening a Demo account with Eightcap is a straightforward process that allows users to familiarize themselves with the trading environment and test the platform before applying for a live account. Here are the steps to open a Demo account:. Find the new account opening option: This can be done by going to the “File” main menu and selecting “Open an Account”. Alternatively, go to the “Navigator” window and select the same option from the context menu by right-clicking on "Accounts". Select MT4 account type and broker: A new window will open with a list of trading servers. Select the appropriate server from the options: “Eightcap-Real” for Live accounts or “Eightcap-Demo” for Demo accounts. If Eightcap’s servers don’t appear on the list, click “Add new broker” and search for “Eightcap” by clicking “Enter” or "Scan". Configure your Demo account parameters: Make sure “New demo account” is ticked before selecting “Next”. Fill in your name, email, and phone number in the next section. Choose your account parameters from the drop-down menus. You can select a deposit amount ranging from 3000 to 5000000 and leverage from 1:25 to 1:500. Save your Demo account credentials: The credentials for your newly created Demo account will be automatically generated. Make sure you save them before continuing. Confirm you are logged in and start trading: After clicking “Finish”, you will hear an alert from the platform letting you know that you are now logged into the new account. Please note that MT4 Demo accounts last for 30 days while MT5 Demo accounts will expire after 35 days of inactivity. To get a new Demo account, you need to open it through the Client Portal > Trading Accounts then under Live/Demo drop-down choose ‘Demo’.

If I violate the Trading Objectives of Eightcap do I get a second chance?

Margin trading with Eightcap involves a high level of risk. It’s crucial to align your trading objectives, financial situation, and level of experience with Eightcap’s policies. Violating the Trading Objectives could lead to significant consequences. However, the exact details of what happens when you violate the Trading Objectives of Eightcap are not explicitly stated in the available resources. It’s recommended to seek independent advice if necessary before entering into any margined transactions with Eightcap. Remember, it’s essential to do your due diligence and research the reputation, track record, and trustworthiness of Eightcap. Most of Eightcap’s entities are authorized by top-tier regulators, ensuring compliance with some of the most stringent safety policies in the industry.

How Are You Protected as a Client at Eightcap?

As a client at Eightcap, you are protected by various measures that ensure your safety and security when trading forex and other financial instruments. Some of these measures are:. Regulation: Eightcap is regulated by multiple top-tier authorities, including the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Securities Commission of The Bahamas (SCB), and the Financial Services Authority of St. Vincent and the Grenadines (FSA). These regulators apply the strictest requirements and standards that brokers overseen by them must adhere to. As the client of a broker with top-tier regulation, you will have important safeguards in place with respect to the fairness of pricing and trading conditions that your broker provides. Negative balance protection: Eightcap offers negative balance protection to all its clients, regardless of their account type or location. This means that if your account balance falls below zero due to market movements against your position, Eightcap will not allow you to lose more than your initial deposit. This protects you from losing more money than you have invested. Investor protection: Eightcap provides investor protection schemes to its clients in different jurisdictions. For example, in Australia, where Eightcap is based, investors are protected by the Australian Securities and Investments Commission (ASIC) Investor Compensation Scheme, which covers up to $20,000 per claimant for eligible claims against ASIC-regulated entities. In the UK, where Eightcap is regulated by the FCA, investors are protected by the Financial Services Compensation Scheme (FSCS), which covers up to £85,000 per person per firm for eligible claims against authorised firms. In Cyprus, where Eightcap is regulated by CySEC, investors are protected by the Investor Compensation Fund (ICF), which covers up to €20,000 per person per firm for eligible claims against CySEC-regulated entities. In The Bahamas, where Eightcap is regulated by SCB, investors are protected by the Financial Services Authority of The Bahamas (FSA), which covers up to $1 million per person per firm for eligible claims against SCB-regulated entities. Complaint handling: Eightcap has a dedicated team of customer service representatives who are available 24/5 via phone, email, live chat, or social media. They can assist you with any queries or issues you may have regarding your account or trading activities. They can also help you file a complaint if you are not satisfied with how.

What are Eightcap AML ID requirements?

Eightcap, a trading platform incorporated in Saint Vincent and the Grenadines. , has specific Anti-Money Laundering (AML) identification requirements for its clients. These requirements are part of the conditions under which Eightcap’s products and services are provided. For identity verification, clients are required to submit valid identification documents. These can include a Passport, National ID card, or Driver’s Licence. In addition to this, proof of address is also required. This can be provided through documents such as a Bank Statement, Utility Bill, or a Driver’s Licence that shows the address and expiry date. These measures are in place to ensure compliance with AML regulations and to safeguard the integrity of the trading platform.

Which Deposit and Withdrawal options are available at Eightcap?

Eightcap provides a variety of accessible and convenient funding and withdrawal methods. The options available for deposit and withdrawal are as follows: Bank transfer, Credit/debit cards, Skrill, Neteller, PayPal, Wise, PayRetailers, fasapay, WorldPay, uPOP, BPay, POLi Payment. The processing times and transaction limits vary depending on the method and the country. For instance, all countries except Japan and China can process transactions instantly with no transaction fee and a limit of $5,000 for deposits. The withdrawal processing time for these countries is 2-5 business days with no transaction fee and no limit. For countries like Albania, Andorra, Angola, Armenia, Australia, Austria, Azerbaijan Republic, Bahrain, Belarus, Benin, Bhutan, Bosnia and Herzegovina, Botswana, Brunei, Bulgaria, Burkina Faso, Burundi, Cambodia, Cameroon, Cape Verde, Chad, Chile, Comoros, Cook Islands, Cote d’Ivoire, Croatia, Cyprus, Czech Republic, Denmark, Djibouti, Egypt, Eritrea, Estonia, Ethiopia, Faroe Islands, Federated States of Micronesia, Fiji, Finland, France, French Guiana, French Polynesia, Gabon Republic, Gambia, Georgia, Germany, Gibraltar, Greece, Greenland, Guadeloupe, Guatemala, Guinea, Guinea-Bissau, Hungary, Iceland, Indonesia, Ireland, Israel, Jordan, Kenya, Kiribati, Kuwait, Kyrgyzstan, Laos, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Madagascar, Malawi, Malaysia, Maldives, Mali, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Moldova, Monaco, Mongolia, Montenegro, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Niue, Norfolk Island, North Macedonia, Norway, Oman, Palau, Papua New Guinea, Philippines, Pitcairn Islands, Poland, Portugal, Qatar, Republic of the Congo, Reunion, Romania, Russia, Rwanda, Saint Helena, Saint Pierre and Miquelon, Samoa, San Marino, Sao Tome and Principe, Senegal, Serbia, Seychelles, Sierra Leone, Singapore, Slovakia, Slovenia, Solomon Islands, Somalia, South Africa, South Korea, Spain, Sri Lanka, Svalbard and Jan Mayen, Swaziland, Sweden, Switzerland, Tajikistan, Tanzania, Thailand, Togo, Tonga, Turkmenistan, Tuvalu, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Vanuatu, Vatican City, Vietnam, Wallis and Futuna, Yemen, Zambia, Zimbabwe, the deposit limit is $4,000 with no transaction fee. For Australia, the deposit limit is $50,000.

Which Funding methods or Deposit Options are available at Eightcap?

Eightcap offers a variety of accessible and convenient funding and withdrawal methods. The options include instant funding through credit/debit cards, Skrill, Neteller, Poli, as well as international/local bank transfers. Other deposit methods available at Eightcap are PayPal, Wise, PayRetailers, fasapay, WorldPay, uPOP, BPay. Eightcap also supports deposits through UnionPay and Payoneer. The processing time for these methods can vary, with some being instant and others taking 1-5 business days. The transaction fees are mostly $0, but some methods have variable fees. The transaction limits also vary, with some methods allowing up to $50,000 per transaction.

What is the Minimum Deposit Amount at Eightcap?

The minimum deposit amount at Eightcap is $100 USD for both its commission-free and commission-based account types. This means that you need to transfer at least $100 to your Eightcap trading account from your bank account in order to start trading forex and other instruments. Eightcap offers two different live account types: the Standard Account and the Raw Account. The Standard Account is a market maker account that provides competitive spreads and no commissions. The Raw Account is an ECN account that offers lower spreads and commissions, but also higher requotes and slippage. You can choose the account type that suits your trading style and preferences. Eightcap supports various deposit methods, such as bank wires, credit/debit cards, POLi, BPAY, China UnionPay, Skrill, Neteller, FasaPay, BPay, and broker-to-broker transfers. However, some of these methods may incur third-party fees or currency conversion fees, so you should check the details before making a deposit. Eightcap does not charge any internal deposit fees. Eightcap is a well-regulated broker that holds licenses from ASIC, FCA, DFSA, CIMA, FSCA, and SCB. It also uses SSL encryption to protect your personal and financial information. Eightcap has a good reputation among forex traders for its fast execution speed, reliable customer service, and educational resources. If you are interested in opening an account with Eightcap or learning more about its services and features, you can visit its official website. or read some of the reviews from reputable sources. You can also try out its demo account for free before risking real money.

Which Withdrawal methods are available at Eightcap?

Eightcap offers a variety of withdrawal methods for its clients. These methods are designed to provide convenience and ease of use. The first method is through bank transfer. This is a universal method that is available to all countries. The second method is through credit/debit cards. This is another universal method that is widely used. The third method is through e-Wallets such as Skrill and Neteller. These platforms offer quick and easy transactions. Another e-Wallet option is PayPal, which is known for its secure and fast transactions. Wise is also an option for clients. It is known for its low fees and good exchange rates. Other methods include PayRetailers, fasapay, WorldPay, uPOP, BPay, and POLi Payment. These platforms offer various benefits such as low fees, quick transactions, and wide accessibility. It’s important to note that the availability of these methods may vary depending on the client’s region.

How can I Withdraw Money from Eightcap Step by Step?

Withdrawing funds from your Eightcap trading account is a straightforward process. Here are the steps to follow: . Login to the Client Portal: Access your account by logging into the Eightcap Client Portal. Navigate to the Withdrawal Section: Once logged in, navigate to the “Withdrawal” section. Submit an Online Form: Fill out the online form provided in the withdrawal section. Confirm Your Request: After submitting the form, you will receive an email containing a confirmation code. Click the link in the email to verify your withdrawal request. Eightcap aims to process your withdrawal request within 24 business hours. It’s important to note that withdrawals must follow the deposit path in compliance with Anti-Money Laundering (AML) regulations. This means if you made a deposit using a specific method, you must use the same method for withdrawal up to the deposited amount. Any excess can be withdrawn using any available payment processor. Eightcap offers same-day withdrawals if requests are received by 01:00 PM AEST/AEDT from Monday to Friday. After Eightcap releases the funds, most payment processors have instant or near-instant processing times. Please note that while Eightcap does not charge internal withdrawal fees, third-party payment processor costs may apply. The minimum withdrawal amount is $100 for ten out of the thirteen Eightcap withdrawal methods.

Does Eightcap Payout?

Yes, Eightcap does payout. Eightcap is a regulated Forex and CFD broker that offers its clients access to over 800 CFD markets with TradingView integration, daily trade ideas, professional trading insight, and code-free automation. Eightcap provides its clients with a transparent and trustworthy trading environment, which is why so many CFD traders are choosing them. Eightcap offers tight spreads to keep trading costs low for its clients. The broker provides its clients with the power of MT4 & MT5 trading platforms, advanced charting, expert advisors, and custom signals. Eightcap also offers exclusive access to the Crypto Crusher dashboard, which provides trade ideas, clear entry/exit levels, and market sentiment. Eightcap clients can create, test, and automate trading strategies using everyday English with Capitalise.ai. The broker also offers FlashTrader, which allows traders to target multiple profits, calculate position size, and place stops and limits in a flash with just one click. Eightcap provides its clients with weekly trade ideas from their experts, with weekly market forecasts and mid-week commentary webinars. The broker also offers a custom AI big data engine that delivers historical market impact and sentiment to help traders generate daily trade ideas from 1000+ macro-economic events. Eightcap provides its clients with a great variety of deposit methods to choose from. Clients can simply choose their preferred method, choose the amount they would like to deposit, and then wait for confirmation of the processed deposit. Withdrawals can be made through the client portal. In summary, Eightcap is a regulated Forex and CFD broker that offers its clients access to over 800 CFD markets with TradingView integration, daily trade ideas, professional trading insight, and code-free automation. Eightcap provides its clients with a transparent and trustworthy trading environment, tight spreads, and powerful trading tools. Eightcap also offers weekly trade ideas from their experts, a custom AI big data engine, and a great variety of deposit methods to choose from. Withdrawals can be made through the client portal.

Which Fees are charged by Eightcap?

Eightcap does not charge any fees on their FX or CFD products. However, fees may apply to open positions held overnight. For further details, you can refer to their All Instruments list page. Trading with EightCap will involve fees from $100 USD, spreads from 0.5 pips to 1.0 pips, and commissions of $3.5 USD depending on the account type selected. EightCap does not charge a deposit or withdrawal fee. Please note that deposits from non-Australian banking institutions may attract intermediary transfer and/or conversion fees. Any such fees will be passed onto you. The spread comparison is based on data as at May 5th 2023. They provide world-class spreads that are up to five times lower than other top brokers.

What can I trade with Eightcap?

Eightcap offers a wide range of financial instruments for trading. Here are the details:. Forex: Forex trading is the exchange of one currency into another. The currency market is the world’s most traded financial market, with its main participants being companies, banks, and individual traders. According to the BIS Triennial Central Bank Survey, the trading volume in the FX market reached $6.6 trillion per day, recorded last in April 2019. Many traders prefer the FX market due to frequent price fluctuations, making it volatile. This volatility makes the FX market attractive to traders as there is a chance of increased profits. However, when trading CFDs while there is a chance of profits there is also a chance of magnified losses due to trading on margin. Eightcap offers over 40+ FX pairs including major and minor pairs. Indices: An index measures the price performance of a group of stocks. There are two types of indices, one that covers the broad market performance within the country, such as the FTSE 100 which is 100 of the largest UK stocks featured on the London Stock Exchange. There are also specific indexes tracking a particular sector such as the NASDAQ which tracks the largest US tech companies. Indices are also a great indicator of economic health in a country and can be used to measure economic data including interest rates or manufacturing output. Eightcap allows you to trade 8 of the largest global stock indices. Commodities: Trading commodities involves the buying and selling of raw materials on a number of exchanges, this is normally traded as a futures contract. Commodities include natural resources such as precious metals and oil. Eightcap allows you to open positions on Crude Oil, Gold, and Silver. Shares: Share CFDs allow traders to speculate on a company’s price movements, without having to own the underlying share. Company owners may choose to offer shares to potential investors in the hopes of injecting some capital into the business so that the company can grow and expand. Eightcap offers the opportunity to go long or short on Australia’s largest stocks. In summary, with Eightcap, you can speculate on prices rising and falling via CFDs, the financial instruments you can open positions on include Forex, Indices, Shares, and Commodities on the MT4 or MT5 trading platform.

Which Trading Platforms are offered by Eightcap?

Eightcap is a regulated forex and CFD broker that offers a range of trading platforms for its clients. According to the web search results, Eightcap provides the following trading platforms:. TradingView: This is a social trading network that allows traders to access advanced charting, trading ideas, webinars, custom indicators, and more. Traders can trade directly from TradingView charts into an account with Eightcap, with access to over 800 CFD markets. MetaTrader 4 (MT4): This is an award-winning platform that supports FX, cryptos, indices, commodities, and shares trading. MT4 offers instruments in 9 time-frames and 30 pre-installed indicators. MetaTrader 5 (MT5): This is the latest version of the popular platform that supports FX, cryptos, indices, commodities, and shares trading. MT5 offers instruments in 21 time-frames and 80 pre-installed indicators. Capitalise.ai: This is a code-free automation tool that allows traders to create, test and automate trading strategies using everyday English. FlashTrader: This is a tool that helps traders target multiple profits, calculate position size, and place stops and limits in a flash – all with just one little click. Eightcap also offers other features such as AI-powered economic calendar, interactive live events, Trade Zone with weekly trade ideas from experts, Eightcap Labs for skill development courses, and Webinars with experts for market analysis. Eightcap claims to have tight spreads from 0.0 pips on major forex pairs such as EURUSD, GBPUSD, AUDUSD, USDJPY etc. However, it also charges fees from $100 USD depending on the account type selected. Therefore, traders should compare the costs and benefits of different platforms before choosing one. I hope this answer helps you understand the trading platforms offered by Eightcap. If you have any further questions or feedbacks about my response or my chat settings (such as mode), please let me know. ?.

Which Trading Instruments are offered by Eightcap?

According to the web search results, Eightcap is a forex and CFD broker that offers more than 800 trading instruments, namely CFDs on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. The broker supports the MetaTrader 4 and 5 trading platforms and lets you trade through WebTrader or TradingView. The broker has two live account types, which differ in trading costs: one with standard spreads without a fee and one with raw spreads that carry a brokerage fee. The maximum leverage is 1:500 for some traders. Some of the most popular currency pairs that you can trade with Eightcap are EUR/USD, GBP/USD, AUD/USD, USD/JPY, USD/CAD, USD/CHF, EUR/GBP, EUR/AUD, EUR/NZD, GBP/AUD, GBP/NZD and more. You can also trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and more. Additionally, you can trade indices such as S&P 500 (SPX), NASDAQ 100 (NDX), Dow Jones Industrial Average (DJIA), FTSE 100 (UKX), DAX 30 (DAX) and more. Furthermore, you can trade stocks from various markets such as US ($SPY), UK ($UKX), Australia ($AUS), Japan ($N225) and more. Lastly, you can trade commodities such as gold ($GC), silver ($SI), oil ($CL) and more. Eightcap is a regulated broker that offers customer support in several languages and caters to traders at all levels of expertise. The broker also provides educational resources for new and inexperienced traders. However, the broker does not accept clients from the US due to regulatory restrictions. If you are interested in trading with Eightcap in forex or other instruments, you can visit their website or contact their customer service team for more information.

Which Trading Servers are offered by Eightcap?

Eightcap, a regulated Forex and CFD broker, offers a range of trading servers and platforms for its users. One of the key offerings is the MetaTrader 4 platform, an award-winning trading platform. In addition to this, they also offer the MetaTrader 5 platform. These platforms are known for their advanced charting, expert advisors, and custom signals. Eightcap also provides integration with TradingView, allowing users to trade directly from TradingView charts. For traders interested in algorithmic and high-frequency trading, Eightcap offers a free Forex Virtual Private Server (VPS). The Forex VPS comes pre-installed with Eightcap MT4, enabling users to start trading immediately. This VPS provides high-speed, low-latency trade execution, making it ideal for traders who want to execute trades instantly at lightning-fast speeds. The VPS also ensures that there is no downtime, as there are no physical components that can cause interruptions. It’s worth noting that the server for Eightcap is located in Tokyo. This location ensures low latency, which is crucial for high-speed trade execution. In conclusion, Eightcap offers a variety of trading servers and platforms, catering to the needs of different types of Forex traders.

Which are the Base Currencies supported by Eightcap?

Eightcap supports the following base currencies: AUD, USD, GBP, EUR, NZD, CAD, and SGD. These currencies are available for trading in the forex market. The base currency is the first currency in a currency pair, and it is used to determine the value of the second currency. For example, in the currency pair AUD/USD, the base currency is AUD, and the quote currency is USD. The value of the currency pair is expressed in terms of the quote currency. If the AUD/USD currency pair is trading at 0.75, it means that one Australian dollar is worth 0.75 US dollars. The base currency is important because it is used to calculate the profit or loss of a trade. If you buy the AUD/USD currency pair, you are buying Australian dollars and selling US dollars. If the value of the currency pair goes up, you make a profit. If the value of the currency pair goes down, you make a loss. The profit or loss is calculated in terms of the base currency. In conclusion, Eightcap supports AUD, USD, GBP, EUR, NZD, CAD, and SGD as base currencies for trading in the forex market. The base currency is the first currency in a currency pair, and it is used to determine the value of the second currency. The profit or loss of a trade is calculated in terms of the base currency.

Can I trade Crypto with Eightcap? Which crypto currencies are supported by Eightcap?

I can help you with your question about crypto trading with Eightcap. ?. Eightcap is a globally regulated crypto derivatives broker that offers over 100+ crypto derivatives to trade on various platforms, such as TradingView, MT5 and MT4. You can go long or short on Bitcoin, Ethereum, Dogecoin, Tron CFDs and more. You can also access exclusive trade ideas, market sentiment, and code-free automation tools to enhance your trading experience. Some of the crypto currencies that are supported by Eightcap are:. BTCUSD: Bitcoin vs USD. ETHUSD: Ethereum vs USD. ADAUSD: Cardano vs USD. SOLUSD: Solana vs USD. DOGEUSD: Dogecoin vs USD. BNBUSD: Binance Coin vs USD. LTCUSD: Litecoin vs USD. TRXUSD: Tron v USD. BCHUSD: BitcoinCash vs USD. XRPUSD: Ripple vs USD. EOSUSD: EOS vs USD. DOTUSD: Polkadot vs USD. LINKUSD: Chainlink vs USD. MATICUSD: MATIC vs USD. SHIBUSD: Shiba Inu vs USD. This is not a complete list of all the crypto derivatives available on Eightcap. You can find the full list in this PDF document or on their website. I hope this information was helpful for you. If you have any other questions, please feel free to ask me. ?.

What is the Leverage on my Eightcap Trading Account?

Leverage in forex trading is a tool that allows traders to control larger positions with a smaller amount of money. It’s expressed as a ratio. For example, if you have an account leverage of 100:1, and wish to use $1,000 on one single transaction as the margin, then you will have exposure of $100,000 in base currency. All trading accounts opened with Eightcap are automatically set to a leverage of 100:1, although clients have the option to change this. This means that with a deposit of $1,000, you can control a $100,000 trade. Using leverage allows for significant scope to maximise the returns on profitable Forex trades. However, if the underlying currency in one of your trades moves against you, the leverage will magnify your losses. These losses may add up very quickly. Without sufficient margin remaining in your account, you run the risk of those losses turning into realised losses. If you are a new or inexperienced trader, it’s highly suggested that you consider limiting your leverage to a low level. Higher leverage trading is one of the most common errors committed by new and inexperienced Forex traders. Please also keep in mind that it is your own responsibility, not ours, to continually monitor positions.

How can I change the Leverage on my Eightcap Trading Account?

Changing the leverage on your Eightcap Trading Account is a straightforward process. First, log into your Client Portal. This portal is your gateway to all the settings and options related to your trading account. Once logged in, navigate to the Trading Accounts section. This section can be found on the list on your left. Look for the pencil button under the Leverage section of the relevant trading account. This button allows you to edit the settings of your account. Click on it and choose your desired leverage. Follow the steps mentioned in the next window. If a message appears on your screen after choosing leverage, please read it carefully. It may contain important information about the Client Agreement changes. After you confirm your leverage change, the request will be sent for revision by the technical team. Please note that this process is subject to review, and the changes may not be immediate.

What kind of Spreads are offered by Eightcap?

Eightcap offers competitive spreads in the context of forex trading. The spreads can be as low as 0 pips. For instance, the spread for the EUR/USD pair starts from 0 pips. Other examples include the GBP/USD pair with a spread starting from 0.1 pips. , and the AUD/USD pair with a spread starting from 0.2 pips. The USD/JPY pair also has a spread starting from 0.1 pips. Eightcap’s spreads are known to be up to five times lower than other top CFD brokers. This makes them a competitive choice for traders looking for tight and transparent spreads. It’s important to note that the actual spread may vary depending on the account type selected. For example, the minimum spread on a Standard account for the EUR/USD pair is 1 pip, while on a Raw account it’s 0 pips. Eightcap does not charge any internal fees on deposits. However, deposits from non-Australian banking institutions may attract intermediary transfer and/or conversion fees. In conclusion, Eightcap offers a range of competitive spreads for various forex pairs, making it a viable choice for forex trading.

Does Eightcap offer MAM Accounts or PAMM Accounts?

According to the web search results, Eightcap does offer MAM accounts and PAMM accounts for its clients. MAM stands for Multi-Account Manager, and PAMM stands for Percentage Allocation Management Module. These are types of managed accounts that allow fund managers to trade on behalf of multiple investors, using different strategies and risk profiles. A MAM account gives the fund manager more flexibility to allocate trades and adjust the risk of each sub-account based on the clients’ preferences. For example, the fund manager can allocate trades on a fixed basis, or change the amount of leverage applied to the sub-accounts. A MAM account also allows the fund manager to use a LAMM (Lot Allocation Management Module) account, which is a trading system that allows a trader to allocate different trade lots to individual investors’ accounts. A PAMM account features a management module that distributes the sizes of trades according to an allocation percentage. This means that each investor’s sub-account will receive a proportionate share of the fund manager’s trades. For example, if the fund manager makes a 100-lot trade on EURUSD, and each investor’s sub-account is 1% of the main account’s equity, then each investor will receive 1 lot (1% of 100 lots) from that trade. Eightcap is a reputable regulated broker specialised in foreign exchange (Forex) and Contracts for Difference (CFD) trading. Clients have access to over 800 financial instruments and can speculate on forex pairs, indices, commodities, shares and cryptocurrencies. Eightcap provides its clients with a reliable trading environment, paired with competitive spreads and ‘instant’ execution. Eightcap also offers automated trading using Capitalise.ai. If you are interested in opening an MAM or PAMM account with Eightcap, you can visit their website here and choose your preferred account type. You can also contact their customer service by phone or email if you have any questions or need assistance.

Does Eightcap allow Expert Advisors?

Yes, Eightcap does allow the use of Expert Advisors (EAs) in forex trading. EAs, also known as robots, are supplementary programs that can be activated or added to the MetaTrader 4 platform to automate the trading process and analysis. With the use of algorithms, EAs examine and analyse financial markets, searching for the best trading prospects. They can send notifications to the trader or directly activate trading conditions like trailing stops and limits. Once you have created an Eightcap account and know the basics of trading in MetaTrader 4, you are ready to explore the possibilities that EAs offer. EAs use complex mathematical models and a set of yes or no rules to navigate through the market. The correct forex expert advisor for your trading strategy can narrow down the lowest and highest price levels for you to go long or short. Developers backtest the top strategies all the time, in order to find out how well the software performs by taking historical data and working from it. On a purely technical level, expert advisors are programmed in the MetaQuotes Language (MQL). This makes them compatible with almost any trading platform, and in almost every case with MetaTrader 4 and MetaTrader 5.

Does Eightcap offer Copytrading?

Eightcap, a forex and CFD broker founded in Australia in 2009, is known for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. However, it does not offer a copy-trading service. Eightcap has contracted with Capitalise.ai. , which might suggest that they are exploring options to provide automated trading solutions. But as of now, there is no direct copy-trading service available for Eightcap users. It’s worth noting that Eightcap offers a wide range of trading options, including over 800 CFDs on popular indices, shares, forex, cryptos, and commodities. They also offer more than 100 crypto CFDs. , which is more than most brokers, including crypto crosses and indices. In conclusion, while Eightcap provides a robust platform for forex and CFD trading, it does not currently offer a copy-trading service.