Eightcap Guide – Read our In-Depth Eightcap Review
This Eightcap review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this Eightcap review does not apply to US users.
If you are a new entrant in the world of trading and brokerage, so many facts will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive understanding. You'll acquire proficient at all the concepts of broker since you keep trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will generate hefty returns. Eightcap is just one such stage that will take you and your investment into great heights. It is important that you know about Eightcap before you trust them with your money.
Our full Eightcap Review covers everything you will need to know about trading with Eightcap. A fantastic broker can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire way to ensure profits; thus, you should carefully assess your agent before you select them. It's a frequent misconception that all brokers will be the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.
Eightcap is a broker that has forged its way successfully into the broker world. In this review, we have tried to collate a number of the vital aspects of Eightcap. This review can help you to know whether Eightcap is a good match for your investments or not. We have attempted to breakdown all the qualities and charges for your advantage.
Eightcap Review, Table Of Contents
- Who are Eightcap?
- Benefits Of Trading With Eightcap
- Everything you should know about trading with Eightcap
- Is Eightcap Safe To Trade With?
- Pro's & Con's Of Trading With Eightcap?
- Compare Brokers Similar To Eightcap
- Regulation And Licencing In More Detail
- Eightcap Awards
- Minimum Deposit Required For A Live Account With Eightcap
- Eightcap Commission And Fees Explained
- Compare broker fees against Eightcap
- Eightcap Withdrawal Fees Explained
- Eightcap Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With Eightcap?
- Alternatives To Eightcap
- Frequently Asked Questions About Eightcap
Who are Eightcap?
Eightcap is a foreign exchange broker headquartered in Australia and provides a range of instruments for trading. Since its establishment in 2015, Eightcap has emerged as a top-tier player in the field of online broker. Eightcap includes an extremely aggressive and full-featured trading site that is focused on currency, indices, metals, stocks , commodities.
Over the past 6 years, Eightcap has grown into one of the leading online brokers.
After launching in 2015, their customer base has become as big as 10,000+ clients.
Eightcap is a favorite for many dealers.. Our Eightcap review discovered that they're an excellent alternative for automated trading solutions. It is most appropriate for investors who are searching for an assortment of assets. Social and automated trading options are the heart at Eightcap.
Technology plays a substantial role at Eightcap. Eightcap offers trading on MT4, Tablet & Mobile apps. Eightcap is honest, transparent, and a well-regulated broker by the Australian Securities and Investment Commission (ASIC). Their outstanding array of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The trader resource section at Eightcap is quite enlightening for new dealers since it allows them to get a closer look in the financial markets. Eightcap caters to all types of traders and are a must-have broker for almost any well-diversified approach to online trading.
If you feel that Eightcap is not right for you then at the bottom of this Eightcap review you wil find a lot of alternatives to Eightcap.
Everything you should know about trading using Eightcap
Eightcap is a dynamic platform that provides various methods of online trading. These tools cover the monetary markets considerably. The Majority of the broker platforms offer less procedures than Eightcap
If you wish to exchange with Eightcap, you will need a minimum deposit of $100. This deposit is mandatory if you would like to start trading with Eightcap. This 2021 Eightcap review will direct you clearly about trading with them.
Eightcap is as versatile as another broker platform. Eightcap is great for traders that want a manageable selection of cheap services. The platforms provided by Eightcap are third party, white-label offerings. All traders can select from MT4, Tablet & Mobile apps.
Along with everything, Eightcap has multiple benefits to new and verteran traders and should be investigated. There's absolutely no minimum time over which a trade has to be kept open. The brokers provide premium client service which rewards clients with advantages.
Many unethical brokers try to pressurise users into bigger funding for premium services. Eightcap, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the consumer, the further advantages will become available.
Eightcap accounts are available all over the world and provides excellent service everywhere they have clients. There are some select few countries where Eightcap accounts are not available. Traders in the following countries cannot open or use a Eightcap account:
Is Eightcap Safe To Trade With?
Launched in 2015, Eightcap has been open for 6 years, they are headquarted 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 maintain investor's resources procured. This means that Eightcap users do not need to worry about their money since it's segregated and safely kept in established banks. SSL encryption secures every user's private information as well.
You are able to make use of an option for Two Factor Authentications (2FA) with Eightcap for heightened security. An SMS for the verification code will be sent to your phone. You'll be asked to enter this code to log in to your account.
Another concern with fiscal brokers is in respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more widespread in the example of Market Maker brokers who compete with users on the stage.
Pro's & Con's Of Trading With Eightcap
Every online trading platform has a few pros and cons Eightcap review would be complete without showing both sides. 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 is trusted by 10,000+ clients
- Eightcap doesn't charge inactivity fees
- Eightcap offer trading on MT4, Tablet & Mobile apps
- Eightcap offer 100 trading instruments
- Eightcap trades major forex pairs
- Eightcap trades minor forex pairs
- Eightcap trades exotic forex pairs
- Eightcap can communicate in English, and Chinese
- Eightcap does not offer Negative Balance Protection
- Eightcap does not offer Guaranteed Stop Loss
- Eightcap charge withdrawal fees
- Eightcap charge deposit fees
- Eightcap doesn't offer trading on cryptocurrencies
- Eightcap charge CFD fees
Eightcap Review - Compare Brokers Similar To Eightcap
|Headquarters||Australia||The British Virgin Islands||UK||United States|
|Regulated By||Australian Securities and Investment Commission (ASIC)||Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI)||Financial Conduct Authority (FCA)||Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA)|
|Find Out More|
|Risk Warning||Losses can exceed deposits||79% of retail investor accounts lose money when trading CFDs with this provider||Your capital is at risk||Your capital is at risk|
Eightcap Review - Regulation And Licencing In More Detail
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Eightcap, as a company, has a powerful set of rules for ensuring fair trading on its platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, customer information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.
Eightcap Review - Awards
- At the time of writing this Eightcap review, they had not received any awards.
Eightcap Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on Eightcap is $100. This is a decent amount for those just starting out. It's possible to make more complex deposits as you go along. But, ensure you understand how to make the most of your money before investing larger sums.
Eightcap Review - Commission And Fees Explained
Eightcap is an online brokerage platform, and many online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the businesses of online brokerages are scaled better. In other words, an internet broker isn't necessarily affected by the amount of customers they have.
But this does not necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are charged trading charges. In these instances, you are spending a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, Eightcap does not charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who regularly exchange, such as weekly or daily trading.
However, non-trading fees charged by Eightcap are relatively greater. Consequently, you are charged more for non-trading actions on your trading account, like withdrawal and deposits. These aren't about the purchase and sale of assets.
This Eightcap review breaks down every one of the relevant non-trading fees for you in detail.
Compare broker fees against Eightcap
Eightcap Review - Withdrawal Fees Explained
Eightcap charges a withdrawal fee when you make a bank transfer. Every time you transfer money back into your bank accounts, these withdrawal fees become important.
Withdrawal of money is possible at any moment from the Eightcap account. It's possible to withdraw sums up to the sum of your account balance, keeping aside the margin used. One thing to remember is that you don't necessarily have to have any money in your account.
In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Thus, if you used a credit card for deposits, the withdrawn money will be sent to the card. Eightcap 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're withdrawing money in different currencies from USD, a conversion fee is also applicable. The conversion fee will depend on the currency you are opting to draw in.
Eightcap Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is one of those buzzing questions that run through your mind while open an account with Eightcap. An inactivity fee is an amount charged to registered traders that have not engaged in buying or selling for a while. The period regarded as inactive is decided by the broker.
The inactivity fee differs from one broker to another and is not standardized. If a traders account doesn't have a purchasing or selling trade, it is maintained by the broker as an inactivity charge. The traders have to pay this commission under terms and conditions they had agreed while registering.
Eightcap doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no fees are indicated by Eightcap, it's best that you close the account if you are inactive. Inactivity fees aren't just charged by broker firms but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you have selected. The inactivity fee is subjected to a lot of conditions and should be disclosed clearly by the agent beforehand.
Eightcap Review - Deposit Fees Explained
When you transfer money into your trading account by the bank account, a deposit fee can be billed by the broker. Most brokers don't charge an excessive amount of money for this operation.
Eightcap charges a deposit fee for transferring money into your trading account.
Depositing money on the Eightcap trading platform is easy. You just have to finish a single-user profile survey to begin depositing money into your trading account. You will need to provide an identity evidence and evidence of residency to deposit large sums.
Eightcap Review - Compare Broker Deposit Methods
What Can You trade With Eightcap?
Note: Eightcap provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered will differ based 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 currency pairs is of interest to you then Eightcap offer over 45 forex pairs.
Compare Eightcap, AvaTrade, Fortrade & Etrade below.
Alternatives To Eightcap
If, after reading this Eightcap review, Eightcap doesn't quite meet your needs check out these Eightcap alternatives.
We've scoured the internet to find the best alternatives to Eightcap. Click the hyperlinks below to find out more.
Frequently Asked Questions about Eightcap
Can I try Eightcap before I buy?
Yes, you can most certainly try Eightcap before you buy. Eightcap offers demo accounts for the ease of beginner traders. You can use this feature to build your faith in the machine as well as yourself and your trading strategies.
If you register for a demo account on Eightcap, you will set out using a decent amount of virtual currency. It's to establish a feeling of security and confidence in you before you choose to spend your own money.
With this virtual Eightcapdemo account, you can experiment at all, to whatever length you desire. You might also open positions, test different trading strategies, and more.
Eightcap specifies on its official website that you are able to exchange real time stocks in a demo account.
Is Eightcap safe?
It is possible to drop all of your worries since we believe that Eightcap is perfectly safe to use. It is in compliance with all the principles of Australian Securities and Investment Commission (ASIC).
Even so, Eightcap doesn't provide 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 withEightcap is perhaps simple enough to be a cakewalk. 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.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with Eightcap is $100. You should have a good hold over the nuances of online trading before you set out and trade with real money.
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 in 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 money. You have to keep in mind that PayPal isn't available in every country. The currencies Eightcap
Is my money safe with Eightcap?
Yes, your cash is safe and protected with Eightcap. As you already know, Eightcap operates with good conformation to. It has established lots of measures to protect all its own investors.
Eightcap safeguards its customers' private and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you wish to further protect your account, it is possible to empower Two-Step Verification as well. It requires an SMS affirmation for you to get your accounts.
Is Eightcap trading good?
Yes, trading via Eightcap is a pleasant and good experience indeed. It's an excellent and intuitive platform with helpful features for your ease. In addition, you could even gain access to a huge selection of educational tools and assistive substance to kickstart your trading experience.
If you remain skeptical, it is possible to open a eToro demo account and evaluate the trustworthiness of the platform on your own.
Which Countries does Eightcap support?
Eightcap operates across the globe. However, due to regulations there are some countries that Eightcap cannot accept clients resident in
Is Eightcap legit?
Eightcap is a legit company headquarted in Australia since 2015. 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 a great broker, and its users can vouch for it. The highlight of this platform is its quick order execution on transactions.
You will discover the clean design of this platform and the commendable features a pleasure 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 reaffirm their trustable 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 the withdrawal from Eightcap to show in your bank account.
Are 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 users and over 6 years of experience on its record. They are one of the world's leading trading platforms and also a dominant figure in the Fintech revolution.
It simplifies this status to its incredible platform and wide selection of resources plus tools so that you may 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, many traders make a lot of money. However, on average, through consistent trading, you also can make between 2% - 10% profit a month.
This can look to be a little number, but over the entire year, this adds to a significant number of gains. Even though Eightcap provide you all of the tools to earn money, they cannot guarantee you will profit.
Does Eightcap have fees?
Yes. To start trading using Eightcap, you need to deposit $100. Particular commissions while trading additionally apply. Any processing fees from your bank will need to be incurred by you.
When was Eightcap founded?
Eightcap was founded in 2015 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 offer negative balance protection. If your balance is negative, Eightcap indicates you promptly contact client services. For this, you can correct any imbalances in your own account.
Does Eightcap offer guaranteed stop loss?Eightcap unfortunately, doesn't offer guaranteed stop loss. Eightcap gives a chance for its traders to close their trade in their given price. Aside from this, Eightcap does not provide guaranteed stop loss.
Does Eightcap allow scalping?Yes, Eightcap do allow scalping. Several traders throughout the world select Eightcap due to their scalping services. 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?
No, unfortunately you cannot trade UK shares with Eightcap
Can you trade US Shares with Eightcap?
No, unfortunately you cannot 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?
No, unfortunately you cannot 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.
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 learn their systems before risking any real money.