EightCap | Review | CFD Trading Platform

EightCap | Review | CFD Trading Platform

EightCap | Review | CFD Trading Platform Review

Our Review



Find all you need to know about EightCap Trading Platform.


  1. 1.What is EightCap?
  2. 2.Is EightCap safe or a scam?
  3. 3.Leverage
  4. 4.Accounts
  5. 5.Fees
  6. 6.Trading Instruments
  7. 7.Deposits and Withdrawals
  8. 8.Trading Platform
  9. 9.Customer Support
  10. 10.Education
  11. 11Conclusion


What is EightCap?

Eightcap, a regulated broker, holds a great reputation in the world of trading, provides both CFD and FX trading facilities. Eightcap, lets its customers enjoy the access of having more than two hundred financial instruments which include Cryptocurrency, Indices, Shares, Forex, and commodities. All of these financial instruments possess the availability of MT4 and MT5 trading platforms.



Outstanding client support along with multilingual ability.

There are several customers from 35 countries who are unallowed.

There are quick trade execution speeds because of top-tier liquidity.

Demo accounts do not work after 30 days trial.

Traders are aided with educational resources/



10 Points Summary



Level 6/360 Collins St., VIC 3000, Melbourne, Australia


Australian Securities and Investments Commission (ASIC) #391441, VFSC #40377


MT4, MT5


Currencies, Commodities, Indices, Stocks, Crypto

EUR/USD Spread

0.8 - 1.2 pips (S) / 0.0 - 0.3 pips (R)

Demo Account


Minimum deposit


Base currencies



Provided, Analysis and research

Customer Support




Providing outstanding services for more than six years, EightCap has gained a lot of experience working as one of the best financial brokers. They have received quite a several awards for their remarkable services in the trading industry. Some of its notable awards are as listed below:

  • Award-winning trading platform and mobile apps


Is EightCap safe or a scam?

Of course, it is safe. Since the regulation and checking of the work of EightCap is done under the head of the Australian Securities and Investments Commission (ASIC), it makes them super safe to invest in. The funding of any payment deposited by its traders in the account of EightCap is kept safely in a separate bank account for each trader. To provide additional safety to its clients, EightCap uses tier-one banks which is an official measure of financial health and strength of banks. 



Regulation is done by ASIC and VFSC

No such cons found.

Separated accounts



Is EightCap legit?

The establishment of EightCap took place in Australia in 2009. Since then, it has been years that EightCap has been serving in the financial markets with both the facilities of CFDs trading and Forex trading. To provide security to the account holders, the deposited funds are kept in separate tier-one banks. As we have discussed above as well, the regulation of EightCap is done under the Australian Securities and Investments Commission (ASIC) which ensures its authenticity and proves it to be legit.



There is a serious risk in leveraged trading and one ought t be very cautious while using it. The leveraged trading can either make an increase in the risk exposure or simply get you some amazing potential gains. The initial leverage at EightCap is 1:100 which can rise to the maximum of 1:500.



The minimum beginning balance must be $100 for all types of accounts in EightCap. EightCap does not require any ongoing cost of maintenance or fees for setting up the account. They have commission-free accounts in which the spread starts from 0 pips only. They allow hedging and scalping strategies, automated trading along with the expert advisors for both types of accounts. 



There are two main types of accounts, Raw and Standard.

No such cons found.

The minimum deposit is quite low.


Provides a free demo account and a free deposit too.



Account types

EightCap has two main accounts from which an individual can choose one which suits him the best under his needs of trading and then look forward towards the procedure of registration. The two main accounts are Raw account, which is suggested to be used by experienced traders. It has four base currencies while the standard account is designed for beginners with five base currencies as compared to the former account. 


Active Trader

EightCap offers some perks also to its active traders for inviting other friends to register with EightCap. This is a special program for its active traders that when a trader gets any of his friends register on EightCap with depositing $100 in the account, the active trader also receives a bonus of $100 in his account right after the verification of his friend’s account.



EightCap spread differs with the choice of account you make. If you choose the usual standard account, you will not be charged any commission and its spreads are a little higher while the raw account charges $3.50 as its commission and also the interbank spreads.



The fee conditions have flexibility as per the type of account.

No fixed spread accounts.

The commission is very low.



Comparison between EightCap fees and similar brokers

Asset/ Pair

EightCap Fees

XM Fees

LiteForex Fees



1.6 pips

2.2 pips

Crude Oil WTI


5 pips

3 pips





Inactivity fee




Deposit fee





What is EightCap commission?

Spreads vary from the range of 0.8 - 1.2 pips (S) / 0.0 - 0.3 pips (R) but usually, the commission charged by EightCap on its standard account is $3.50. per lot.

Trading Instruments

The instruments included for trading range more than 60 in which they have six cryptocurrencies, oil, global indices, gold and silver, and major and currencies. The good competitive costs are brought y the broker with the spread of EUR/USD standard 0.8-1.2 pips and raw spread of 0.0-0.3 pips or with a spread for metals XAU/USD 20-30 cents.


Deposits and Withdrawals

They do not charge any deposit fee but withdrawal fees are usually applied as per the processor of payment. The charges which can be applied are enlisted on EightCap’s website.



Reasonable deposit of $100.

Withdrawal charges applied.

The deposit is free.



Deposit Options

Some rapid options of payments are offered by EightCap in seven base currencies which include bank wire, skrill, Neteller, credit/ debit card, poli, BPAY, and china union pay. All of them are transacted with the client’s portal.


What is the Minimum deposit for EightCap?

The minimum deposit for EightCap is at least $100.



By using all the above-mentioned methods, a trader can withdraw profits free of cost at any time but after the completion of the request form provided on the client’s portal. The withdrawals are planned by the broker to be processed within the duration of 24 hours with 2 to 5 days for clearing. 

Withdraw Money Step By Step

There are four easy steps to withdraw money from your EightCap account:

Step #1: By signing into your client portal area, click on withdrawals written in the menu options.

Step #2: Then click on the trading account from which you want to withdraw money from and type in there your desired amount. 

Step #3: Select your desired destination that where you would want your money to be withdrawn to.

Step #4: Finalize your withdrawal by providing the confirmation of your details and clicking the request withdrawal option.


Trading Platform

The well-known MetaTrader 4 known as MT4 and MetaTrader 5, MT5 trading platforms are offered by EightCap and it is known as the MetaTrader only broker. These platforms are designed by MetaQuotes Software Corporation. While EightCap does offer MT5 for the web, unfortunately, it does not provide a web version of MT4.



Does have MT4 and MT5 trading platforms.

Unavailability of MT4 web version.


Web Trading Platform

Through EightCap’s website, a trader can have easy access to the web trader or it can simply work on web browsers too. Without even downloading or installing any software specifically for this purpose and by having only a modern web browser, an individual can easily use it on different devices or operating systems. 


Desktop Platform

MT4 and MT5 for desktop are very much similar to each other. It is only that the difference between these two desktop version platforms is, MT5 has some enhanced characteristics of MT4 otherwise both of the platforms work in quite the same way. 

Mobile Platform

Both iOS and Android users can enjoy the features of MT4 and MT5 platforms as both of them are provided by EightCap for mobile app with the same perks as of desktop version, in fact, it has an additional feature of being used anytime and anywhere. They are easily available on App Store or Play Store.  


Customer Support

Another perk is the provision of customer support through phone, emails, and online chats, etc along with 24/5 assistance. They also keep their clients updated through their social media pages.



Use of various languages

No such cons found.



There is a section dedicated to educating traders on EightCap’s website named Market News & Analysis which discusses primarily market commentary, and the CFDs and Forex News sub-categories list trading ideas. 



Material for learning and analysis provided.

Only 7 videos about CFDs.



So, we will conclude that EightCap is a good broker to invest in. They have a good regulation having quite less fee with a rapid client response service. Their customers also enjoy the facilities of MT4 and MT5 trading platforms which lets them trade a better range of financial instruments to further attract new traders and satisfy the current ones.


EightCap | Review | CFD Trading Platform

EightCap | Review | CFD Trading Platform Licenses:

Australian Securities and Investments Commission (ASIC) #391441, VFSC #40377



Min. Deposit:


MT4, MT5

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