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 (2025).
| 🔎 Account | 🥇 Standard | 🥈 Raw |
| 💰 Min Deposit | $100 USD | $100 USD |
| R1600 ZAR | R1600 ZAR | |
| 💰 Typical EUR / USD Spread | 📌 0.5 - 1.8 Pips | 📌 0.0 - 0.1 Pips |
| ➖ Min. Trade Size | 0.01 Lots | 0.01 Lots |
| ➕ Max. Trade Size | 100 Lots | 100 Lots |
| 📈 Margin Call Level | 80% | 80% |
| 🛑 Stop Out Level | 50% | 50% |
| 💵 Account Base Currency | AUD | AUD |
| USD | USD | |
| EUR | EUR | |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account |
Min Deposit
USD 100
Regulators
ASIC, FCA, CySec and SCB
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
EightCap Account Types – 8 Key Point Quick Overview
- ☑️ EightCap Overview
- ☑️ EightCap Account Types
- ☑️ How to open an EightCap Account – Step by Step Guide
- EightCap Demo Account
- EightCap Customer Reviews
- EightCap Pros and Cons
- Conclusion
- Frequently Asked Questions
EightCap 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. Here is a comparison.
| 🔎 Account | 🥇 Standard | 🥈 Raw |
| 💰 Min Deposit | $100 USD | $100 USD |
| R1600 ZAR | R1600 ZAR | |
| 💰 Typical EUR / USD Spread | 📌 0.5 - 1.8 Pips | 📌 0.0 - 0.1 Pips |
| ➖ Min. Trade Size | 0.01 Lots | 0.01 Lots |
| ➕ Max. Trade Size | 100 Lots | 100 Lots |
| 📈 Margin Call Level | 80% | 80% |
| 🛑 Stop Out Level | 50% | 50% |
| 💵 Account Base Currency | AUD | AUD |
| USD | USD | |
| EUR | EUR | |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account |
How to open an EightCap Account – Step by Step Guide
1. 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.
2. 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.
3. 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 promoted to check their inbox in order to verify their application.
4. Step 4: Verify Email Adress
The applicant will receive an email with a “Verify Email Address” button, which needs to be clicked in order for the process to continue.
5. 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.
EightCap 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 |
EightCap Customer Reviews
Excellent Support.
Amazing Customer Support! Definitely some of the best in the field. – Odis
Very Happy.
Great broker, low spread, very good customer service! – Dave
Great Stuff.
Thank you Eightcap, Excellent experience. – Bill
EightCap Pros and Cons
| ✅ Pros | ❌ Cons |
| Low Forex Fees | Slim Product Selection |
| Quick Account Application | Limited Research |
| Free Deposit and Withdrawal | Lack of Investor Protections |
Min Deposit
USD 100
Regulators
ASIC, FCA, CySec and SCB
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
55
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Conclusion
Overall, EightCap makes 3 account types available, The EightCap Standard Account, The EightCap Raw Account, and the EightCap Demo Account.
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Frequently Asked Questions
Are traders from South Africa allowed to open a live account with Eightcap?
Yes, South African traders are welcome to open one of the Eightcap account types.
What type of broker is Eightcap?
Eightcap is a Market maker with lower entry requirements when compared to an ECN broker.
What are the available deposit currencies for a live Eightcap trading account?
Available deposit currencies currently is AUD, USD, EUR, GBP, NZD, CAD, and SGD.
Which live trading accounts does Eightcap offer?
Eightcap offers only a live Raw Account and a Standard Account type.
What is the minimum deposit for Eightcap trading account?
The minimum deposit for a Eightcap account is $ 100 / ZAR1494 at the current exchange rate at the time of writing
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