Trading with EightCap will involve fees from $100 USD / R 1600 ZAR, spreads from 0.5 pips to 1.0 pips, and commissions of $3.5 USD depending on the account type selected. EightCap does not charge a deposit or withdrawal fee.
| 🔎 Regulation | 🥇 ASIC | 🥈 SCB |
| 💰 Min. Deposit | $100 USD | $100 USD |
| R1600 ZAR | R1600 ZAR | |
| 🔁 Spreads from | - | - |
| Forex | 0.0 pips | 0.0 pips |
| Indices | 0.5 pips | 0.5 pips |
| Commodities | 0.0 pips | 0.0 pips |
| Shares | 1.0 pips | 1.0 pips |
| 💳 Commission | - | - |
| Forex | $3.5 USD | $3.5 USD |
| Indices | $3.5 USD | $3.5 USD |
| Commodities | $3.5 USD | $3.5 USD |
| Shares | $3.5 USD | $3.5 USD |
| ☑️ Deposit Fee | Third-Party | Third-Party |
| ☑️ Withdrawal Fee | None | None |
| 🚀 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 Fees, Spreads, and Commission – 10 Key Point Quick Overview
- ☑️ EightCap Overview
- ☑️ EightCap Fees, Spreads, and Commission
- ☑️ EightCap Minimum Deposit
- How to open an EightCap Account – Step by Step Guide
- EightCap Deposit and Withdrawal
- EightCap Affiliate Program
- 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 Fees, Spreads and Commission
Trading with EightCap will involve fees from $100 USD / R 1600 ZAR, spreads from 0.5 pips to 1.0 pips, and commissions of $3.5 USD depending on the account type selected. EightCap does not charge a deposit or withdrawal fee.
| 🔎 Regulation | 🥇 ASIC | 🥈 SCB |
| 💰 Min. Deposit | $100 USD | $100 USD |
| R1600 ZAR | R1600 ZAR | |
| 🔁 Spreads from | - | - |
| Forex | 0.0 pips | 0.0 pips |
| Indices | 0.5 pips | 0.5 pips |
| Commodities | 0.0 pips | 0.0 pips |
| Shares | 1.0 pips | 1.0 pips |
| 💳 Commission | - | - |
| Forex | $3.5 USD | $3.5 USD |
| Indices | $3.5 USD | $3.5 USD |
| Commodities | $3.5 USD | $3.5 USD |
| Shares | $3.5 USD | $3.5 USD |
| ☑️ Deposit Fee | Third-Party | Third-Party |
| ☑️ Withdrawal Fee | None | None |
| 🚀 Open an Account | 👉 Open Account | 👉 Open Account |
EightCap Minimum Deposit
The minimum deposit amount required to register an EightCap live trading Raw or Standard account is $100 USD. This minimum deposit is equivalent to R 1600.00 ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
| 🔎 Account | 🥇 Raw | 🥈 Standard |
| 💰 Min. Deposit | $100 USD | $100 USD |
| R1600 ZAR | R1600 ZAR | |
| 🚀 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 Deposit and Withdrawal
EightCap Deposit and Withdrawal procedures are both fast and user-friendly. Each Payment Option has its own specifications of which traders must take note.
EightCap Deposit Options
| 🔎 Deposit Option | ⌛ Processing Time | 💰 Transaction Fee | 🛑 Deposit Limit |
| 🥇 Visa | Instant | None | 100 - 4000 |
| 🥈 POLI Payment | Instant | None | 100 - 100'00 |
| 🥉 Bank Wire | 📌 1-3 Business Days | 📌 Bank Dependent | 📌 N/A |
| 🏅 BPAY | 📌 1-2 Business Days | None | 100 - 100'00 |
| 🥇 China UnionPay | Instant | None | 100 - 3000 |
| 🥈 Skrill | Instant | None | 100 - 100'00 |
| 🥉 Neteller | Instant | None | 100 - 100'00 |
| 🏅 Cryptocurrency | Instant | None | 📌 N/A |
| 🥇 PayPal | Instant | None | 100 - 4000 |
| 🥈 WorldPay | Instant | None | 100 - 500'00 |
| 🥉 FasaPay | Instant | None | 100 - 100'00 |
| 🏅 PSP | Instant | None | 100 - 3000 |
| 🥇 PayRetailers | 📌 1 - 2 Business Days | None | 50 - 4000 |
How to make a Withdrawal with EightCap
- Log in to the Client Portal area and click Withdrawals from the menu options.
- The trader can now Select the trading account they wish to withdraw funds from and enter the desired amount.
- Choose the funds destination or where the funds must be withdrawn to.
- Confirm the details and click Request Withdrawal to complete the withdrawal request.
EightCap Affiliate Program
EightCap offers an affiliate program in the form of IB or “Introducing Broker”. Applicants for the program will be required to complete a short online registration and on approval Refer new customers to EightCap for Commissions. The program comes at no cost to the applicant and commissions are based on trading volumes of said referred customers.
EightCap Customer Reviews
5 Star Service.
5-star service, and smooth account opening. – George
Very Happy.
Very fast, very polite, excellent customer service! – Mike.J
Excellent Demo Account.
I have tried the Demo trading account and it is great. It includes the spreads on all assets! – Lorraine
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, Trading with EightCap will involve fees from $100 USD / R 1600 ZAR, spreads from 0.5 pips to 1.0 pips, and commissions of $3.5 USD depending on the account type selected.
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Frequently Asked Questions
Does Bank transfers with Eightcap incur any fees?
Yes, Bank transfers incur variable fees, typically around $25
Does Eightcap offer spread betting?
Yes, the spread betting fees and fee schedule by Eightcap is transparent as well as competitive.
What commissions are charged by Eightcap?
Eightcap charges commission on its Raw Account of $ 3.50 per standard lot. No commission is charged on the Standard Account.
What spreads can I expect with Eightcap?
You can expect variable spreads which start from 0.0 pips.
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