
EightCap makes 3 account types available: The EightCap Standard Account, the EightCap Raw Account, and the EightCap Demo Account. An EighCap Islamic, Swap-Free Account is not made available at this time (2026).
EightCap Account Types - Key Point Quick Overview
- ☑️ Overview
- ☑️EightCap Account Types
- ☑️How to open an EightCap Account – Step by Step Guide
- ☑️Eightcap at a Glance
- ☑️Customer Reviews
- ☑️Pros and Cons
- ☑️Conclusion
- ☑️Frequently Asked Questions
Overview
- EightCap is an Australian financial services company that offers trading solutions and access to currencies (Forex), commodities, indices, cryptocurrencies, and shares to global customers.
- The trading environment is secure, and the broker has won numerous awards, including the 'Best Forex Educational Resources - Global' and 'Best Forex Trading Support in Europe' (2021).
EightCap Account Types

EightCap makes two live account types available: the EightCap Standard Account and the EightCap Raw Account.
| 🌐 Feature / Account Type | 🧾 Standard Account | ⚡ Raw Account |
| 🔹 Spreads | From 1.0 pip | From 0.0 pips |
| 💰 Commission | No commission | $3.5 per lot per side |
| 👤 Best For | Beginners & casual traders | Pros, scalpers & high-frequency traders |
| 📊 Tradable Instruments | 800+ (Forex, indices, commodities, crypto) | 800+ (Same range) |
| 🛠️ Trading Platforms | MT4, MT5 | MT4, MT5 |
| ⚙️ Execution Speed | Fast | Super-fast, low slippage |
| 💸 Minimum Deposit | $100 USD | $100 USD |
| 📈 Leverage | Up to 1:500 | Up to 1:500 |
| 📉 Pricing Model | Spread-only | Raw spread + commission |
| 🔍 Transparency | Simple cost structure | Market-depth pricing |
| 📥 Deposit Methods | Cards, bank transfer, e-wallets | Cards, bank transfer, e-wallets |
| 🔄 Suitable Trading Style | Position & swing trading | Scalping, day trading, algo trading |
| 🎯 Spread Type | Fixed/Variable | Raw (variable only) |
| 🌍 Market Access | STP model | ECN-like execution |
| 📱 Mobile Compatibility | Yes (MT4/MT5 apps) | Yes (MT4/MT5 apps) |
| 📝Sign up | 👉 Open Account | 👉 Open Account |
Standard Account
- The Eightcap Standard Account is for traders looking for competitive trading conditions with no commissions and tight spreads.
- This account type provides low spreads starting from 1.0 pip.
- Therefore, it is suitable for beginners and occasional traders who would prefer a simple cost structure.
Raw Account
- The Eightcap Raw Account is for those traders who look for low-cost trading with ultra-tight spreads and direct market access.
- Starting from 0.0 pips, this account offers one of the highly competitive commissions at $3.5 per lot, both per side, ideal for both scalpers and high-frequency traders, and professional traders alike, who need better pricing.
- Depositing requires just $100 with leverage as high as 1:500, thus making sure that an Eightcap account holder will be able to trade cost-efficiently with deep liquidity and minimal slippage.
Demo Account
- EightCap does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.
- The EightCap Demo account is by default active for 30 days, but can be extended via a call to customer support.
| 🔎 Account | 🆓 Demo |
| 💰 Min. Deposit | None |
| 💵 Virtual Deposit | 3000 - 500'000 |
| 📈 Leverage | 1:25 - 1:500 |
| 🖥️ Accounts | Raw |
| Standard | |
| ☑️ Base Currency | AUD |
| USD | |
| EUR | |
| NZD | |
| 💻 Trading Platforms | MetaTrader4 |
| MetaTrader5 | |
| 🚀 Open an Account | 👉 Open Account |
How to open an EightCap Account - Step-by-Step Guide
[video width="1920" height="1080" mp4="/storage/images/2022/03/How-to-EightCap.mp4"][/video]
Step 1: Start Registration
- In order to open an EightCap live trading account, the applicant must start the registration by clicking on the green "Create Account" button located at the top right of the webpage.
Step 2: General Information
- The second step in the registration process is to complete a short registration form with the general information required.
- This includes creating a unique account password.
Step 3: Email Verification
- Once the General Information form has been completed, the applicant will be met with the following screen (seen below) and will be prompted to check their inbox in order to verify their application.
Step 4: Verify Email Address
- The applicant will receive an email with a "Verify Email Address" button, which needs to be clicked for the process to continue.
Step 5: Complete Account Information
- The applicant will now be prompted and guided through a 3-step process in order for their EightCap Live Trading account to be created.
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 | ![]() | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Now |
| 🥈 | ![]() | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | Visit Now |
| 🥉 | ![]() | Read Review | CySEC, IFSC, DFSA, FCA | $5 | Visit Now |
| 4 | ![]() | Read Review | ASIC, CySEC, FSA, SCB | $0 | Visit Now |
| 5 | ![]() | Read Review | BVI FSC | $0 | Visit Now |
| 6 | ![]() | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 | ![]() | Read Review | CBCS, FSA, FSCA, CMA | $10 | Visit Now |
| 8 | ![]() | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 | ![]() | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 | ![]() | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
EightCap at a Glance
| Category | Details |
| Company Information | |
| 🏷️Company Name | Eightcap |
| 📍Headquarters Location | Melbourne, Australia |
| 📅Year Established | 2009 |
| 👤CEO/Founder | Joel Murphy |
| 🌐Global Offices | Australia, UK, Bulgaria, Cyprus |
| 🔖Licensing Body | Australian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Securities Commission of The Bahamas (SCB) |
| 👥Group Companies | Eightcap Pty Ltd, Eightcap Group Ltd, Eightcap EU Ltd, Eightcap Global Limited, Eightcap Limited |
| 🏛️Business Model | ECN/STP |
| 🌍Operational Languages | English, Chinese, Arabic, Spanish, and others |
| 🏆Awards & Recognitions | Broker of the Year 2023 (Global Forex Awards) Most Innovative Affiliate Program (Global Business Review) Best Crypto Broker (AtoZ Markets) Annual Review Award (International Business Magazine) Best Customer Service Broker 2021 (Global Brands Magazine) Best Forex Trading Support 2021 and 2022 (Global Forex Awards, Retail) |
| Regulation and Security | |
| 🛡️Regulation | ASIC: Eightcap Pty Ltd (AFSL 391441) FCA: Eightcap Group Ltd (FRN 921296) CySEC: Eightcap EU Ltd (License No. 246/14) SCB: Eightcap Global Limited (SIA-F220) |
| ✔️Compliance Standards | MiFID, GDPR, AML, KYC |
| 💼Client Fund Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🕵️♂️Financial Conduct Oversight | Conducted by respective regulatory authorities (ASIC, FCA, CySEC, SCB) |
| 💰Insurance Coverage | No |
| 📋AML & KYC Policy | Yes |
| 🔒Security of Trading Platform | SSL Encryption, 2FA |
| 🛡️Investor Compensation Fund | Yes |
| 🖥️Cybersecurity Measures | Advanced Firewall Protection |
| Account Types and Features | |
| ⚙️Standard Account | Offers commission-free trading with wider spreads |
| 📊ECN Account | Yes (Raw Account) |
| 🌙Islamic Account | No |
| 🎮Demo Account | Available with a 30-day limit, extensions possible upon request |
| 👑VIP Account | No |
| 💵Minimum Deposit | $100 USD / R1600 ZAR |
| 💱Base Currencies | AUD USD EUR NZD |
| ⚖️Leverage Options | Up to 1:500 |
| 📈Spreads (Fixed/Variable) | Raw Account offers spreads as low as 0.1 pips, Standard Account has wider spreads |
| 🔄Swap-Free Accounts | No |
| 🌐Account Currency Conversion | No |
| 🚨Margin Call Level | 80% |
| ❌Stop-Out Level | 50% |
| 🔄Hedging Allowed | Yes |
| ⚡Scalping Allowed | Yes |
| 🔁Copy Trading Support | Yes (via TradingView, Myfxbook) |
| 👥Social Trading Features | Yes (via ZuluTrade) |
| 💼Managed Accounts | No |
| Trading Conditions | |
| 🔍Average Spreads | From 0.0 pips (Raw) |
| 💲Commissions per Trade | $3.50 per lot (Raw) |
| 🔢Leverage Range | 1:1 – 1:500 |
| 🚀Execution Speed | < 30ms |
| 📊Order Execution Type | Market Execution |
| 🔄Slippage Policy | Yes |
| 📏Margin requirements | Varies by asset |
| ⏹️Stop-Loss and Take-Profit Orders | Yes |
| 🔁Trailing Stops | Yes |
| 🕑Pending Orders | Yes |
| 🔽Partial Fills | Yes |
| 🧾Dividend Adjustments | Yes |
| 🌙Overnight Swap Fees | Yes |
| 📆Rollover Policy | Yes |
| 🛑Guaranteed Stop Loss | No |
| Trading Instruments | |
| 💹Forex Currency Pairs | 40+ |
| 🪙Precious Metals (Gold/Silver) | Yes |
| 📈Indices | Yes |
| 🌾Commodities | Yes |
| ⛽Energies (Oil/Natural Gas) | Yes |
| ₿Cryptocurrencies | Yes (250+ crypto CFDs) |
| 📉Stocks | Yes |
| 🗂️ETFs | No |
| 🏛️Bonds | No |
| 📜Futures Contracts | No |
| 🛡️Options Contracts | No |
| ⚖️CFDs (Contracts for Difference) | Yes |
| 🔣Swap on Trading Board | Yes |
| 🔀Leveraged Instruments | Yes |
| 🎯Micro-Lot Trading | Yes |
| 💸Spread Betting | No |
| 🧺Currency Baskets | No |
| Deposits and Withdrawals | |
| 💳Deposit Methods | Bank Wire, Credit/Debit Card, Skrill, Neteller, PayPal, Crypto |
| 💵Withdrawal Methods | Bank Wire, Credit/Debit Card, Skrill, Neteller, PayPal, Crypto |
| ⏱️Processing Time for Deposits | Instant |
| 🕒Processing Time for Withdrawals | 1-3 business days |
| 🚫Deposit Fees | No |
| 💵Withdrawal Fees | No (except bank wires) |
| 🔢Minimum Deposit Amount | $100 USD / R1600 ZAR |
| 📉Minimum Withdrawal Amount | $50 |
| 🚪Maximum Withdrawal Limit | No limit |
| 💱Supported Currencies | AUD USD EUR NZD |
| ₿Crypto Deposits & Withdrawals | Yes |
| 🏦Bank Wire Transfers | Yes |
| 💳Credit/Debit Cards | Yes |
| 📲E-Wallets (Skrill, Neteller, etc.) | Yes |
| 🏘️Local Payment Methods | No |
| Trading Platforms and Tools | |
| 💻MetaTrader 4 (MT4) | Yes |
| 👩💻MetaTrader 5 (MT5) | Yes |
| 🖥️Proprietary Platform | No |
| 📱Mobile Trading App | Yes (MT4/MT5) |
| 🌐Web-Based Platform | Yes |
| 🤖Trading Bots | Yes |
| 🖧VPS Services | Yes |
| 🔌API Connectivity | Yes |
| 📉Charting Tools | Yes |
| 🧮Custom Indicators | Yes |
| 🧠Market Sentiment Analysis | Yes |
| 📩Trading Signals | Yes |
| 🏷️Advanced Order Types | Yes |
| ⚠️Risk Management Tools | Yes |
| 📅Economic Calendar | Yes |
| 📰Market News Feed | Yes |
| Customer Support | |
| 📞Support Channels | Live Chat, Email, Phone |
| 🗨️Live Chat Availability | 24/5 |
| 📧Email Support | Yes |
| 📱Phone Support | Yes |
| 🌍Multilingual Support | Yes |
| ❓Help Center/FAQ | Yes |
| 👨💼Dedicated Account Manager | No |
| ⏲️Response Time (Live Chat) | 4.5/5 |
| 🕒Response Time (Email) | Eightcap offers 24/7 customer support, ensuring timely responses to client inquiries. |
| ⭐Support Rating | Awarded "Best Forex Trading Support – EUROPE" in 2022. |
| Educational Resources and Support | |
| 🎥Webinars | Provides live webinars covering various trading topics. |
| 🏫Seminars | No |
| 📖Trading Tutorials | Offers guides on MetaTrader platforms and trading fundamentals. |
| 📊Market Analysis Reports | Regularly publishes market updates and trade ideas. |
| 📚E-Books | No |
| 🎬Video Library | Provides a range of educational videos. |
| 📜Glossary | No |
| ❔FAQs | Comprehensive FAQ section available. |
| 🆕Beginner Guides | Offers resources tailored for beginners. |
| 🚀Advanced Trading Strategies | Provides insights into advanced trading techniques. |
| Partnerships and Programs | |
| 📋IB Program | Offers an Introducing Broker program. |
| 🪪Affiliate program? | Yes, an affiliate program is available. |
| 🏷️White Label Solutions | No |
| 🎁Partnership Rewards | Provides rewards for partners. |
| 🏛️Institutional Solutions | No |
| 🔌API Partnership | No |
| 🤝Referral Program | Yes, a referral program is in place. |
| Fees & Charges | |
| 💳Deposit Fees | No deposit fees. |
| 📤Withdrawal Fees | No withdrawal fees. |
| 💤Inactivity Fee | No |
| 🌜Overnight Fees (Swaps) | Applicable on positions held overnight. |
| 💱Conversion Fees | May apply for currency conversions. |
| 💰Commission on Trades | Raw Account: $7 per round lot, Standard Account: commission-free with higher spreads. |
| Market Research Tools | |
| 📅Economic Calendar | AI-powered economic calendar available. |
| 📰Market News | Provides regular market news updates. |
| 📩Trading Signals | Offers trading signals through various platforms. |
| 🔧Technical Analysis Tools | Comprehensive tools available on MT4, MT5, and TradingView. |
| 💭Sentiment Analysis | Provides market sentiment analysis. |
| Additional Features | |
| 👥PAMM/MAM Accounts | No |
| 🔗Social Trading Platform | Integration with TradingView for social trading. |
| 🏆Trading Competitions | Yes |
| 🎁Loyalty Rewards | No |
| 👑Exclusive VIP Perks | No |
| Promotions & Bonuses | |
| 🎁Welcome Bonus | No |
| 💵Deposit Bonus | No |
| 🏅Trading Contests | No |
| 🌟Seasonal Promotions | No |
| 🎖️Loyalty Programs | No |
| User Experience & Reviews | |
| 🖥️User Interface Quality | Platforms are user-friendly and intuitive. |
| 🔒Platform Stability | Platforms are stable with minimal downtime. |
| 📱Mobile App Reviews | Mobile trading apps are well-received by users. |
| ⭐Overall User Rating | Generally positive user feedback. |
| 🌟Trustpilot Rating | High |
| 😟Common Complaints | No significant complaints reported. |
| Mobile | |
| 📱Mobile App Name | MetaTrader 4 and MetaTrader 5. |
| 🛠️Developer | MetaQuotes Software Corp. |
| 📅Release Year | MT4: 2005 MT5: 2010. |
| 💻OS Compatibility | Compatible with i |
| 🌐Languages Supported | English, Spanish, Chinese, German, French, and more |
| 📈Trading Instruments | Forex, Commodities, Indices, Shares, Cryptocurrencies |
| 🔄Real-Time Data | Yes, provided on MetaTrader 4, MetaTrader 5, and TradingView |
| 🛠️Charting Tools | Advanced charting tools available on MT4, MT5, and TradingView |
| 📊Order Types Supported | Market, Limit, Stop, Trailing Stop, Pending Orders |
| 🚀Order Execution Speed | Ultra-fast execution with low latency |
| 🔔Custom Alerts | Available on MT4, MT5, and TradingView |
| 🤝Beginner-Friendly | Yes, offers educational resources and easy-to-use platforms |
| 🔐Security Features | SSL encryption, segregated client funds, regulated by ASIC and FCA |
| 🖥️Synchronization | Cross-platform sync between desktop, web, and mobile |
| 💰Deposit and Withdrawal | Supports bank transfers, credit/debit cards, PayPal, Skrill, Neteller, and crypto |
| 📝Account Types Accessible | Standard, Raw, Demo, and Islamic accounts |
| 🔄Switch Accounts | Yes, easy account switching between different account types |
| 💬In-App Support | 24/5 multilingual customer support via live chat, email, and phone |
| 📚Educational Resources | Webinars, tutorials, market analysis, and trading guides |
| 🎯Watchlist | Customizable watchlist available on platforms |
| 🌙Dark Mode | Available on TradingView and mobile apps |
| 🌐Social Trading | Supports TradingView integration for social trading |
| AI Trading Resources | |
| 🤖AI Integration | No dedicated AI trading but supports third-party AI tools |
| 📊Data Analysis | Advanced analytics tools available via TradingView and MetaTrader |
| 📈Predictive Analytics | No built-in predictive AI, but supports external plugins |
| 🛠️Customizable Strategies | Available via Expert Advisors (EAs) on MT4/MT5 |
| 📉Risk Management Tools | Stop-loss, take-profit, margin call alerts, negative balance protection |
| 🧑🏫Trading Insights | Market analysis and research reports provided |
| 🚀Execution Optimization | Ultra-low spreads and fast execution speeds |
| 🔄Portfolio Rebalancing | Manual rebalancing available |
| 📚AI Tutorials | No AI-specific tutorials, but general trading education available |
| 🎥Video Demonstrations | Available for platform tutorials and trading strategies |
| 🧑🤝🧑Webinars | Regular webinars on market trends and strategies |
| 🔍AI-Powered Search | No AI-powered search, but TradingView has smart search features |
| 🌟Beginner-Friendly | Yes, with demo accounts and learning materials |
| 🖥️Platform Availability | Web, desktop (Windows/Mac), and mobile (iOS/Android) |
| 📈Backtesting Capability | Available through MT4/MT5 Strategy Tester |
| 🛠️Strategy Builder | Expert Advisors (EAs) and TradingView scripting supported |
| 🔔Alerts and Notifications | Price alerts, economic news alerts, and order notifications |
| 🔒Data Protection | High-level security and encrypted transactions |
| 👁️🗨️Transparency | Fully regulated and provides clear fee structures |
| Social Media Platformst | |
| Yes, active presence | |
| Yes, shares trading insights and updates | |
| Yes, provides market news and updates | |
| Yes, for professional updates and company news | |
| 🎥YouTube | Yes, offers trading tutorials and market analysis |
| 👉Open Account | 👉 Open Account |
Eightcap Customer Reviews
- Eightcap also offers more than 800 financial instruments for easy diversification.
- The overall feedback, although experiences may differ, suggests that Eightcap is trustworthy for both beginner and experienced traders.
- Traders also like the fact that this broker supports MT4 and MT5 accounts, as these platforms offer advanced charting and automated trading.
- Other strong points mentioned are platform reliability, great security features, and 24/7 responsive support.
| 📍 Category | 🔍 Review Summary | ⭐Rating |
| 💨 Trade Execution | Fast and seamless order execution | ⭐⭐⭐⭐⭐ |
| 💰 Spreads & Fees | Competitive spreads with reasonable fees | ⭐⭐⭐⭐☆ |
| 📊 Trading Platforms | Supports MT4 & MT5 with advanced features | ⭐⭐⭐⭐⭐ |
| 🔒 Security | Strong security measures for safe trading | ⭐⭐⭐⭐⭐ |
| 🤝 Customer Support | 24/7 support with responsive assistance | ⭐⭐⭐⭐☆ |
| 📚 Educational Resources | Helpful materials for beginners & pros | ⭐⭐⭐⭐☆ |
| 📈 Asset Variety | Over 800 financial instruments available | ⭐⭐⭐⭐⭐ |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
![]() | Generally positive reviews highlighting reliable service and competitive spreads. | ⭐⭐⭐⭐ (4.2/5) |
![]() | Mixed reviews some users report positive experiences, while others mention issues with trade execution and withdrawals. | ⭐⭐☆☆ (2/5) |
![]() | Generally positive feedback with a TrustScore of 4.2, reflecting reliable services and customer satisfaction. | ⭐⭐⭐⭐ (4.2/5) |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Forex Fees | Slim Product Selection |
| Quick Account Application | Limited Research |
| Free Deposit and Withdrawal | Lack of Investor Protections |
Conclusion
Overall, EightCap makes 3 account types available: The EightCap Standard Account, the EightCap Raw Account, and the EightCap Demo Account.
You might also like:
Eightcap ReviewEightcap Demo Account – Step by StepEightcap Fees and SpreadsEightcap Minimum DepositEightcap Sign up Bonus
Frequently Asked Questions
What account types does Eightcap offer?
Eightcap offers Standard and Raw accounts. Standard includes spreads with no commission, while Raw provides tighter spreads with a small commission per trade. accounts support MT4 and MT5 platforms and flexible leverage depending on jurisdiction.
Which Eightcap account is best for beginners?
Beginners choose the Standard account because it has no commission and simple pricing. Spreads are slightly wider, but costs are predictable. It provides access to educational resources, demo trading, and risk management tools.
How does Raw account pricing work?
How Raw account pricing works. The Raw account features low spreads starting from zero pips, combined with a fixed commission per lot traded. This structure benefits high-frequency traders and scalpers who prioritize tight spreads over commission-free trading models.
Are account types available on MT4 and MT5?
Yes, Eightcap supports MetaTrader 4 and MetaTrader 5 platforms for Standard and Raw accounts. Traders can choose a preferred platform based on features, execution preferences, and compatibility with trading strategies and automated systems.
What minimum deposit is required for each account?
Eightcap offers a low minimum deposit requirement, making account types accessible. The amount may vary by region or payment method, but traders can typically start with a modest deposit and scale up gradually.
Can you switch between account types later?
Yes, traders can request to open accounts within the client portal. This allows switching between Standard and Raw pricing structures without closing existing positions, giving flexibility to test strategies under different trading cost environments.
Does Eightcap support leverage?
Yes, leverage is available on account types, allowing traders to control larger positions with smaller capital. However, leverage limits depend on regulatory jurisdiction, and higher leverage increases risk, requiring careful risk management and disciplined trading practices.
Is it a demo account for testing account types?
Eightcap provides a free demo account for both Standard and Raw setups. Traders can practice strategies, test platform features, and understand pricing differences in a risk-free environment before committing real funds.
Which account better suits scalping?
The Raw account is better for scalping because it offers tighter spreads and reduces trading costs for frequent trades. Although commissions apply, the cost structure is often more efficient for high volume and short-term trading strategies.
Are there differences in execution speed between accounts?
Execution speed is similar across types, as they use the same infrastructure. However, Raw accounts may experience slightly improved pricing efficiency due to direct market spreads, and can indirectly benefit execution outcomes for active traders.
You Might Also Like
Recommended brokers



























