Eightcap Review: Pros, Cons, And How It Stacks Up | for 2023
This Eightcap review has been updated for 2023 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about Eightcap to give you the most comprehensive guide available.
Eightcap is a leading broker that was founded in 2009. They have around 115 employees that help the company provide Brokerage, Margin Foreign Exchange (Forex, FX), Finance, MetaTrader 4 (MT4), Contracts for Differences (CFDs), Forex Trading Education, to 10,000+ clients through MT4, Tablet & Mobile apps.
Eightcap Guide – Read our In-Depth Eightcap Review
Eightcap Rating: 3.55 / 10
This Eightcap review page contains information about investing with Eightcap. It is intended for educational purposes only and should never be considered financial advice. comparebrokers.org is not a brokerage or advisory service. We do not recommend or advise that investors buy or sell securities or stocks.
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Please note that due to regulations, the content in this review of Eightcap does not apply to users in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
This Eightcap review contains the latest information about Eightcap.
If you're new to the realm of trading online and brokerages, so many facts will no doubt be confusing for you. Getting into the world of trading online demands expert assessing skills and comprehensive understanding. You will acquire adept at all the concepts of online trading and brokers as you continue trading. For starters, you need to select the right online trading platform who'll always be clear with you.
Within the fast-paced universe of financial markets and trading, you'll need guidance to make sensible decisions. A professionally lead investment online broker could help you in minimising any potential losses and maximising any profits. Eightcap is one such stage that can assist you. It is crucial that you learn about any broker before you trust them with your money.
When engaging in online trading with platforms such as Eightcap, it's crucial to carefully assess Eightcap as your broker, as this choice can significantly impact your success. Selecting the right broker is vital for your Eightcap investments to prosper. However, be cautious of counterfeit and untrustworthy brokers hiding in the shadows, ready to exploit naive traders.
It's essential to be vigilant and rigorous in your Eightcap broker selection to protect your hard-earned money. Performing your due diligence and researching the reliability of Eightcap, its track record, and reputation is vital. Moreover, ensure the Eightcap broker's offerings, trading tools, fees, and regulation align with your requirements.
Remember, Eightcap should be a trusted partner on your trading journey.
Our team has devoted their efforts to simplify the intricate world of trading with Eightcap into easily understandable information in this Eightcap review. Our goal is to equip you with the knowledge necessary to confidently use Eightcap trading tools, ranging from depositing and withdrawing funds to executing trades.
We recognize that well-informed decisions with Eightcap are the cornerstone of successful trading. As such, we've provided this in-depth Eightcap review. So, settle in, grab a cup of coffee, and immerse yourself in learning about Eightcap and how it can benefit you, or if Eightcap might not be the right fit for you.
Eightcap Guide for 2023 – Brief Summary
| Eightcap Telephone: | +61 3 8373 4800 |
| Eightcap Support Email: | customerservice@eightcap.com |
| Eightcap Address: | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU |
| Year Founded: | 2009 |
| Regulated By: | Australian Securities and Investment Commission (ASIC) |
| Hedquarters: | Australia |
| Minimum Deposit: | $100 |
| Number Of Clients: | 10,000+ Eightcap users and traders |
| Eightcap LinkedIn: | https://www.linkedin.com/company/eight-cap-pty-ltd/ |
| Eightcap Facebook: | https://www.facebook.com/EightcapAU/ |
| Eightcap Facebook Likes: | 7,005 |
| Eightcap Twitter: | @Eightcap_aufx |
| Eightcap Twitter Followers: | 1,948 |
| Eightcap Instagram: | https://www.instagram.com/eightcapaufx/ |
| Eightcap Instagram Followers: | 1,125 |
| Eightcap Youtube: | https://www.youtube.com/channel/UCa77H1ycVUAG_M3aToCPk8w |
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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. |
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Our entire Eightcap review for beginners covers all you will need to know about trading via Eightcap. A fantastic agent can use your first investments and help to protect it from losses but also give you a platform that can help to provide you favourable profits. If you want to earn profits, you should trade with a brokerage service that contrasts with your investment goals.
Of course, there's absolutely no sure-fire method to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that's not correct. Wrong judgment, in the beginning, can put your investments at risk.
Eightcap is a trading partner that has found its way successfully into the brokerage world. Within this review, we've tried to collate a number of the vital aspects of Eightcap. This guide will allow you to understand whether Eightcap is a good fit for your own investments or not. We have attempted to breakdown all of the features and fees for your advantage.
Who are Eightcap?
Eightcap is a foreign exchange broker headquartered in Australia and provides a range of tools for online trading. Since its start in 2009 they have emerged as a top-tier player in the industry of online trading. Eightcap has an extremely reputable and full-featured trading site that is focused on forex, indices, metals, shares, commodities.
Over the past 14 years, Eightcap has grown into one of the best online brokers available to the public.
After establishing itself in 2009, their customer base has become as large as 10,000+ clients.
Eightcap is the favourite of many online traders . Our Eightcap account review found that they're a reputable choice for online trading options. They're best suited for investors that are searching for an assortment of assets. Social and easy to use trading options are the core at Eightcap.
Technology plays a significant role in Eightcap. They offers trading on MT4, Tablet & Mobile apps. Eightcap is fair, transparent, and a well-regulated agent by the Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for most traders. Third-party partnerships also supply in-house research.
Who Founded Eightcap?
The founders of Eightcap are Joel Murphy
The creators of Eightcap are known for their expertise in the sphere of internet trading. However, there are a lot of other key employees in Eightcap who have a substantial impact on it's success.
The educational section at Eightcap is quite comprehensive for new traders since it permits them to have a closer look at the financial markets. Eightcap caters to all types of traders and are a must-have broker for almost any well-diversified method of trading.
Eightcap Review Videos
Benefits of using Eightcap in 2023
Trading with Eightcap comes with numerous advantages. These advantages are what sets Eightcap apart from all other online brokers. You should check all the benefits listed so that you have a better comprehension of Eightcap.
The agent goes to great lengths to comprehend what dealers want. As a result, the support, quick, and convenient. The broker also provides a variety of programs for all kinds of traders. Eightcap ensures that the individual needs of all online traders are met to the best of their ability.
Eightcap also features excellent trading conditions which are available to all and not just an elite group of institutional customers. The tight spreads and quick executions are a great advantage for all traders. The technology adopted by Eightcap is of the highest caliber, ensuring that it's fast, dependable, and effective.
Eightcap acknowledges the significance of owning a quick order execution. A quick execution will allow users to exchange without worrying about slippage safely. It will also aid the dealers to grab any opportunities.
Copy trading is another important aspect of Eightcap. A new trader can learn from industry experts using the automated copy trading option. This allows you to monitor the best performing brokers and instantly copy their trades and benefit from their experience
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, Eightcap offers social trading which encompasses leading traders sharing their knowledge with the community. Eightcap's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is independent copy trading.
Eightcap has over 100 trading tools to support all kinds of traders. These instruments are lively and suitable for both new and experienced traders. All dealers can put aside all their concerns when trading with Eightcap.
Eightcap Overview
Year Founded: 2009
Regulated By: Australian Securities and Investment Commission (ASIC)
Hedquarters: Australia
Minimum Deposit: $100
Number Of Clients: 10,000+
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.
If you feel that Eightcap is not right for you then at the bottom of this Eightcap review you will find a lot of alternatives to Eightcap.
What you should know about trading with Eightcap
Eightcap is a dynamic platform that offers various methods of online trading. These instruments cover the financial markets considerably. Most of the brokerage platforms provide less methods than Eightcap
If you want to trade with Eightcap, you will need a minimum deposit of $100. This deposit is compulsory if you wish to start trading using Eightcap. This 2023 Eightcap review will direct you easily about trading with them.
Eightcap is as versatile as another broker platform. Eightcap is ideal for traders who want a manageable assortment of low-cost services. The programs provided by Eightcap are third-party, white-label offerings. All traders can choose from MT4, Tablet & Mobile apps
Along with everything, Eightcap has multiple benefits to new and verteran traders and should be investigated. There's no minimum time over which a trade must be kept available. The brokers offer premium customer service that rewards customers with benefits.
Many less reputable brokers try to pressurise customers into bigger funding for superior services. Eightcap, though, is much more focused on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the consumer, the more benefits will come along.
Eightcap accounts are available all over the world and provides excellent service wherever they have customers. There are some select few countries where Eightcap accounts are not available. Traders in the following countries cannot open or use a Eightcap account:
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Eightcap Safe To Trade With In 2023?
Launched in 2009, Eightcap has been operating for 14 years, they have a head office in Australia
Eightcap is regulated by Australian Securities and Investment Commission (ASIC). These bodies have rules that ensure that trading platforms have ploicies in place to keep investor's assets procured. This means that Eightcap users don't need to worry about their money as it's segregated and safely stored in banks that are established. SSL encryption simplifies each user's personal information also.
You can make use of an option for 2 Factor Authentications (2FA) with Eightcap for heightened safety. An SMS for the verification code will be sent to your mobile phone. You will be required to enter this code to log in to your account.
Another concern with online trading brokers with respect to security may be manipulation of trading. This is highly disadvantageous for users on these platforms. Nonetheless, this is more widespread in the case of Market Maker brokers who compete with customers on the platform.
Eightcap Risk Disclaimer
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.
Pro's & Con's Of Trading With Eightcap
Every online trading platform has some ups and downs, and no Eightcap review would be complete without having a balanced approach. This Eightcap review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Eightcap Pro's
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Eightcap has been trading for 14 years.
Eightcap offers customer support over the phone.
Eightcap provides customer support over email.
Eightcap gives access to customer support over livechat.
Eightcap is an award winning broker.
Eightcap has over 100 employees.
Eightcap offers social trading.
Eightcap offers copy trading.
Eightcap allows scalping.
Eightcap allows hedging.
You can trade metals with Eightcap.
You can trade energies with Eightcap.
Eightcap Con's
Eightcap is not highly rated by us. Eightcap doesn't offer guaranteed stop loss. Eightcap doesn't offer negative balance protection. Eightcap charges withdrawal fees. Eightcap charges inactivity fees. You can't trade Cryptocurrencies with Eightcap. Eightcap doesn't allow commodity trading.Compare Brokers Similar To Eightcap
Regulation And Licencing In More Detail
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Eightcap, as a company, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it supplies an industry-standard secure socket layer (SSL).
As per the company's privacy regulations, client data is never to be shared with some other institutions or individuals. Including credit history and other financial information.
Eightcap Awards
Eightcap have won a lot of industry awards over the years they have been operating as an online trading platform. We list the most notable awards for Eightcap here.
- In 2020 Eightcap was awarded Best MT4 Forex Broker.
Eightcap Trading Platforms
Eightcap are a professional brokerage that has been open for over 14 years. They offer a large range of options in their user accounts.
Below we take the main parts of any great online trading platform and compare Eightcap against Startrader, and freetrade.
Eightcap MetaTrader 4 (MT4)
MetaTrader 4 also known as MT4 is one of the top trading platforms on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to cover all your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.
The MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements.
You can start using the MetaTrader 4 platform with Eightcap in multiple formats including through an online web platform, or through a downloadable application for Windows PC's and Mac's. Eightcap MetaTrader 4 is compatible with the latest macOS. Eightcap allows traders to trade on mobile devices through Android and iOS devices.
Metatrader 4 Webtrader and Eightcap
MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators.
Trading With Eightcap MetaTrader 4 On iOS Devices
You can download the Eightcap app or also trade with Eightcap through the MetaTrader 4 application on the Apple app store.
Download the Eightcap MetaTrader 4 Program free of charge from Apple's App Store. Eightcap customers have instant access to the Financial markets, with the ability to completely manage a Portfolio on the go.
Trading With Eightcap MetaTrader 4 On Android Devices
Andorid mobile devices and tablets are used by millions of people globally. Eightcap provides its clients access to the MetaTrader 4 platform on Android supported devices so that their 10,000+ customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Eightcap MetaTrader 4 application enables traders to make the most of multiple advanced trading features which enables them to monitor and trade quickly on the go, simply and securely.
Minimum Deposit Required
The minimum deposit that you must deposit to begin on Eightcap is $100. This is a decent amount for those just beginning. It's possible to make more complex deposits as you go along. But, make certain that you understand how to make the most of your cash before investing larger sums.
Commission And Fees Explained
Eightcap is an online broker platform, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online brokerages are scaled much better. In other words, an online broker isn't necessarily influenced by the amount of customers they have.
However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of penalties for this purpose.
The first kind of fees to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading fees. In such cases, you are spending a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people that are charged when you maintain a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your account. They're billed for things like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Eightcap doesn't charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by Eightcap are relatively greater. As a result, you are charged more for non-trading activities on your trading accounts, like withdrawal and deposits. These are not about the purchase and sale of resources.
This Eightcap review breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees Of Eightcap
Eightcap Withdrawal Fees Explained
Eightcap charges a withdrawal fee if you make a bank transfer. Every time you transfer money into your bank account, these withdrawal fees become applicable.
Withdrawal of cash is possible at any moment from your Eightcap account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. One thing to remember is that you don't always need to have any cash on your account.
In addition, the withdrawn money will be transferred directly to the accounts you use to create deposits. Thus, in the event that you used a credit card for deposits, then the withdrawn cash will be sent into the cardEightcap will ask you to provide other withdrawal methods if your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you're opting to draw in.
Eightcap Inactivity Fees Explained
Eightcap charges an inactivity fee if you don't make any trades for a while.
Even if no charges have been indicated by Eightcap, it is better that you close the account if you are inactive. Inactivity fees are not only charged by brokerage firms but also many financial services.
For additional trading platforms, the inactivity fee is contingent on the sort of account you've chosen. The inactivity fee is exposed to many conditions and needs to be revealed clearly by the broker beforehand.
Eightcap Deposit Fees Explained
When you move money into your trading account from your bank account, a deposit fee can be charged by the broker. Most agents don't charge an excessive amount of money for this operation.
Eightcap doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing cash on the Eightcap trading platform is simple. You simply have to finish a single-user profile survey to begin depositing money into your trading account. You'll have to provide an identity evidence and proof of residency to deposit large sums.
Compare Eightcap Vs Other Broker Deposit Methods
What Can You Trade With Eightcap in 2023?
Note: Eightcap offers many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ depending on the country of residence of the client.
Eightcap has a wide variety of over 100 instruments available for you to trade with.
If trading forex pairs is of interest to you then Eightcap offer over 45 forex pairs.
Compare Eightcap, Startrader & freetrade below.
Eightcap Trading App Review
Note: Eightcap's mobile app has a lot of functionality and is being developed all the time. The table below was accurate at the time of writing this Eightcap broker review.
Understand the capabilities of the mobile apps of Eightcap, Startrader & freetrade below.
Trading Education Available At Eightcap
Understand the trading resources available with Eightcap, Startrader & freetrade below.
Eightcap Customer Support
As part of our Eightcap broker review we examined the customer service options, response times and on the Eightcap trading platform problems solving effectiveness. Eightcap supports various languages including English, and Chinese
Eightcap Live Chat Support
We have tested the livechat experience with Eightcap and it works well. We have sent messages to Eightcap livechat via their website and app and recieved a response after 10 seconds. Sometimes there was no response.
We tried communicating via Eightcap support in multiple languages across multiple countries. Eightcap were able to resolve our customers' concerns.
Eightcap Phone Support
We made a call to Eightcap and the call was responded to very quickly. We were able to have the call answered within less than five to ten minutes.
The Eightcap phone support team were able to effectively address our questions and issues via phone. We tried the multilingual Eightcap team by calling in varying languages. Eightcap made an effort to make sure our queries were answered.
Overall, the phone support from Eightcap was good.
Eightcap Email Support
We sent several email to Eightcap and the response times were all satisfactory. The fastest email response from Eightcap was 2 hours, while the longest response time was 3 days! Sometimes , there were no responses. Response times to support may differ for you with Eightcap, however we have had this experience sending out 10 emails at different times.
The team resolved and answered our queries. Average email support from Eightcap was satisfactory.
Alternatives To Eightcap
If, after reading this Eightcap review, they do not fulfill your needs check out these Eightcap alternatives.
We have scoured the web to find the best alternatives to Eightcap. Click the links below to learn more.
Frequently Asked Questions
Can I try Eightcap before I buy?
Yes, you can most definitely try Eightcap before you buy. Eightcap offers demo accounts for the convenience of new traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you sign up for a demo account on Eightcap, you may set out with a decent amount of virtual currency. It's to establish a feeling of safety and confidence in you before you decide to invest your own money.
With this virtual Eightcapdemo account, you can experiment at all, to whatever length you wish. You can also start positions, examine different trading approaches, and much more.
Eightcap specifies on its official site that you are able to exchange real time stocks with your demo account.
Is Eightcap safe?
You can drop all of your worries because we believe that Eightcap is perfectly safe to use. It is in compliance with the principles of Australian Securities and Investment Commission (ASIC).
Even so, Eightcap doesn't give assured stop-loss protection.
Why does Eightcap ask for my passport?
The reason that Eightcap asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, Eightcap has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, Eightcap must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with Eightcap?
The process to start trading with Eightcap is super simple. You need to begin by signing up on the Eightcap website. It will require you to fill in details pertaining to the credibility and security of your account. You will probably also have top go through the standard KYC (Know Your Customer) checks but Eightcap are normally pretty quick with this.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live account with Eightcap is $100. You should have a good {understanding of|hold over} the {details|nuances} of online trading before you set out and trade with real money as losses can exceed deposits.
If you are confident of your knowledge and understanding, you can open an account with Eightcap.
The best way to kickstart your trading career with Eightcap is to open a demo account facility before risking any real money
What funding methods do Eightcap accept?
There are multiple methods to finance your accounts with Eightcap. The process is effortless and quick, with different payment methods at your fingertips.
You can use credit or debit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal isn't available in every place. The currencies Eightcap accepts for deposit are USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD.
Other deposit techniques you can adopt are Neteller, Skrill, Rapid Transfer, and iDeal. Besides online banking, wire transfer is an opportunity also, though it takes approximately 4-7 days.
Is my money safe with Eightcap?
Yes, your money is safe and protected with Eightcap. As you already know, Eightcap works with good conformation to regulations. It's established lots of measures to guard all its own investors.
Eightcap safeguards its customers' private and sensitive data under SSL encryption. Your capital will be retained highly secure in top-tier banks.
If you want to further protect your account, you can enable Two-Step Verification as well. It takes an SMS confirmation for you to get your accounts.
Is Eightcap trading good?
Yes, trading via Eightcap is a nice and good experience indeed. It is an excellent and intuitive platform with helpful features for your ease. In addition, you can even obtain access to a huge selection of educational resources and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to start a eToro demo account and assess the credibility of the platform for yourself.
Which Countries do Eightcap support?
Eightcap operates around the world. However, due to regulations Eightcap cannot accept clients resident in Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Is Eightcap legit?
Eightcap is a legit company headquarted in Australia since 2009. They are regulated by Australian Securities and Investment Commission (ASIC). Eightcap is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is Eightcap a good broker?
Eightcap is an excellent agent, and its own users may vouch for it. The highlight of this platform is its fast order execution on trades.
You'll discover the clean design of this platform along with the commendable features are pleasant to work with.
Is Eightcap a trustworthy broker?
Yes, Eightcap is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 10,000+ users registered with them can affirm to their trustworthy nature.
What is the minimum deposit for Eightcap?
The minimum deposit to open a live account with Eightcap is $100
How long do Eightcap withdrawals take?
Normally, withdrawal of money from Eightcap is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for a withdrawal from Eightcap to show in your bank account and withdrawls are available in any of the following currencies.
USD, GBP, AUD, EUR, NZD, CHF, ZAR, SGD, JPY, CAD
Is Eightcap regulated?
Eightcap are regulated by Australian Securities and Investment Commission (ASIC)
Is Eightcap a market leading broker?
Eightcap is currently among the industry leaders. It supports over 10,000+ registered customers and over 14 years of expertise on its own record. They're one of the world's top trading platforms and a dominant figure in the Fintech revolution.
It majorly owes this standing to its unbelievable platform and wide range of resources plus tools so that you can invest in capital markets.
Is Eightcap a con?
No, Eightcap is not a con. They are regulated by Australian Securities and Investment Commission (ASIC) and must adhere to their rules. Thus, it is safe to say that Eightcap is not a scam.
Can you make money with Eightcap?
Through Eightcap, several traders make a lot of money. But, just like all online brokerages, it is important to note that traders can also lose money. In particular, 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.
This can look like a little number, but within the entire year, this adds to a substantial amount of gains. While Eightcap supply you all of the tools to earn money, they cannot guarantee you will gain.
Does Eightcap have fees?
Yes. To begin trading with Eightcap, you have to deposit $100. Particular commissions while trading also applies. Any processing fees from your bank might need to be incurred by you.
When was Eightcap founded?
Eightcap was founded in 2009 in Australia. Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
How many people use Eightcap?
Eightcap is a globally recognised agent with 10,000+ customers.
Where is the Eightcap head office?
Eightcap has its head office in Australia
Does Eightcap offer negative balance protection?
No. Eightcap does not provide negative balance protection. If your balance is negative, Eightcap indicates you contact customer services. For this, you can fix any imbalances in your own account.
Does Eightcap offer guaranteed stop loss?
Eightcap, unfortunately, doesn't provide guaranteed stop loss. Eightcap provides a chance for its dealers to close their trades in their given price. Apart from that, Eightcap doesn't offer guaranteed stop loss.
Does Eightcap allow scalping?
Yes, Eightcap does allow scalping. Many traders throughout the world select Eightcap due to their services that are trading. They offer trading on MT4, Tablet & Mobile apps which let this.
Does Eightcap allow hedging?
Yes, Eightcap does allow hedging.
Can you trade energies with Eightcap?
Yes, you can trade energy stocks with Eightcap
Can you trade agricultural shares with Eightcap?
No, unfortunately you cannot trade agricultural stock with Eightcap
Can you trade cryptocurrency with Eightcap?
No, unfortunately you cannot trade cryptocurrency with Eightcap
Can you trade metals with Eightcap?
Yes, you can trade metals with Eightcap
Can you trade UK Shares with Eightcap?
Yes, you can trade UK shares with Eightcap
Can you trade US Shares with Eightcap?
Yes, you can trade US shares with Eightcap
Can you trade Japanese Shares with Eightcap?
Yes, you can trade Japanese shares with Eightcap
Can you trade German Shares with Eightcap?
Yes, you can trade German shares with Eightcap
Does Eightcap accept bank transfers?
Yes, Eightcap accepts bank transfers for depositing money.
Does Eightcap accept credit cards?
Yes, Eightcap accepts credit cards for depositing money.
Does Eightcap accept PayPal?
No, Eightcap does not accept PayPal.
Does Eightcap accept Skrill?
No, Eightcap does not accept Skrill.
Does Eightcap accept Payoneer?
Yes, Eightcap accepts Payoneer for depositing money.
Payoneer is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital.
Account holders can send or receive funds via an ewallet, virtual bank account number in local currency, or a reloadable prepaid MasterCard debitcard. Money received can then be withdrawn to a bank account or used online / at points of sale with the Payoneer debit card. The company specializes in facilitating cross-border B2B payments. It provides cross-border transactions in 200 countries and territories and more than 150 local currencies, with its cross border wire transfers, online payments, and refillable debit card services.
Payoneer is used by companies like Airbnb, Google, Amazon and Upwork to send large-scale payouts all over the globe. It's also used by eCommerce platforms like Rakuten, Walmart, Wish.com, and freelance marketplaces like Fiverr, Envato, and works in conjunction with ad networks to link these companies with publishers based out of their headquartered countries.
Payoneer is a content creator and works with Pond5, iStock, Pond5 and other companies as well as the freelance market.
Payoneer has a customer care team with 320 employees who support 4 million customers in 70 languages, operating in 150 different currencies.
The company launched a service in October 2019 that allows small and medium-sized companies to send money anywhere in the world fast and cheaply.
Does Eightcap accept Neteller?
No, Eightcap does not accept Neteller.
Does Eightcap offer Live Chat customer support?
Yes, Eightcap offers customer support through live chat.
Does Eightcap offer phone customer support?
Yes, Eightcap offers customer support over the telephone.
Does Eightcap offer email customer support?
Yes, Eightcap offers customer support through email.
What languages can Eightcap communicate in?
Eightcap has the ability to communicate and support customers who speak: English, and Chinese
Does Eightcap have a wikipedia page?
No, Eightcap does not have an official wikipedia page.
Does Eightcap offer demo accounts?
Yes, Eightcap offers demo accounts so you can test your trading strategies before risking any real money. Newbie traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before getting a live account.
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