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.
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 Demo Account – 8 Key Points Quick Overview
- ☑️Overview
- ☑️Eightcap at a Glance
- ☑️EightCap Demo Account
- ☑️How to open an Eighcap Demo Account step by step
- ☑️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 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 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 Eighcap Demo Account step by step
Step 1: Visit the Eightcap Website
- Open your web browser and go to Eightcap’s official website
- Look for the green “Create Account” button at the top right corner of the homepage.
- South African traders are eligible to open accounts with Eightcap
Step 2: Initiate Account Registration
- Click the green “Create Account” button to start the registration process.
- You’ll be directed to a registration form.
- Eightcap requires you to create a trading account profile before accessing the demo account, but you don’t need to fund it for demo purposes.
Step 3: Verify Your Email
- Check your inbox for a verification email from Eightcap and click the verification link.
- The email will confirm your registration and grant access to the Eightcap Client Portal.
- You may also receive a second welcome email with login details for your trading 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
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
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 does offer a free demo trading account for beginners to practice forex trading in a 100% risk-free environment.
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Frequently Asked Questions
For which traders is Eightcap recommended?
Eightcap is recommended for traders looking for a regulated broker with low fees and who prefer the MetaTrader platform. Feel free to test it via the Eightcap demo account.
Is demo trading with Eightcap accurate?
Demo trading with Eightcap is a good way to practice trading on the broker’s platforms and get acquainted with its different features, but traders should always remember that simulated trading do not always correspond with live trading.
For how long is the demo account valid?
Demo accounts are usually valid for 30 days, but clients have the option to request an extension of the Eightcap demo account
