All Share (J203) = 88 342
Rand / Dollar = 18.58
Rand / Pound = 23.35
Rand / Euro = 19.33
Gold (usd/oz) = 2 928.65
Platinum (usd/oz) = 969.20
Brent (usd/barrel) = 76.29
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

EightCap Review

EightCap Review

 

EightCap can be summarized as a trustworthy broker. EightCap is regulated by ASIC, FCA, CySec and SCB. EightCap offers a Standard Account and a Raw Account both with options for trading on the MetaTrader 4 and 5 platform.

 

🛡️Regulated and trusted by the ASIC, FCA, CySec and SCB
🛡️2543 new traders chose this broker in the last 90 days.
🛡️Available for South African Traders. 🇿🇦

 

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 Review – Key Point Quick Overview

  1. 🕸️Eightcap Spider Chart
  2. 💡EightCap at a Glance
  3. 📄Overview
  4. Features Offered
  5. ⭐️EightCap Customer Reviews and Ratings
  6. 🛡️EightCap Safety and Security
  7. 🎁Sign-Up Bonus
  8. 💳EightCap Minimum Deposit
  9. 💼EightCap Account Types
  10. 👥How to open an EightCap Account – Step-by-Step Guide
  11. ⚖️EightCap Trading Platforms
  12. 📲Mobile Use of EightCap
  13. 🤖EightCap AI Integration
  14. 📈Fees, Spreads, and Commission
  15. 💰EightCap Deposit and Withdrawal
  16. 🤝EightCap Affiliate Program
  17. ⚖️Compare Forex Brokers
  18. 📚Education and Research
  19. 📘Forex Trading Guides
  20. 🔖Best Countries by Traders
  21. 🗣️Customer Reviews
  22. ⚖️Pros and Cons
  23. 📝Conclusion
  24. Frequently Asked Questions
  25. 🔗References

 

Eightcap Spider Chart

Eightcap Spider Chart

 

A spider chart (also known as a radar chart) is a great way to visually compare different aspects of Eightcap. I’ll generate one based on key factors like:

  • Regulation & Security: 8
  • Trading Fees & Spreads: 7
  • Platform & Tools: 8
  • Asset Variety: 7
  • Customer Support: 6
  • Leverage & Execution Speed: 9

 

EightCap at a Glance

CategoryDetails
Company Information
🏷️Company NameEightcap
📍Headquarters LocationMelbourne,
Australia
📅Year Established2009
👤CEO/FounderJoel Murphy
🌐Global Offices Australia,
UK,
Bulgaria,
Cyprus
🔖Licensing BodyAustralian Securities and Investments Commission (ASIC), Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC),
Securities Commission of The Bahamas (SCB)
👥Group CompaniesEightcap Pty Ltd,
Eightcap Group Ltd,
Eightcap EU Ltd,
Eightcap Global Limited, Eightcap Limited
🏛️Business ModelECN/STP
🌍Operational LanguagesEnglish,
Chinese,
Arabic,
Spanish,
and others
🏆Awards & RecognitionsBroker 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
🛡️RegulationASIC: 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 StandardsMiFID,
GDPR,
AML,
KYC
💼Client Fund Segregation Yes
🪫Negative balance protectionYes
🕵️‍♂️Financial Conduct OversightConducted by respective regulatory authorities (ASIC, FCA, CySEC, SCB)
💰Insurance CoverageNo
📋AML & KYC PolicyYes
🔒Security of Trading PlatformSSL Encryption,
2FA
🛡️Investor Compensation FundYes
🖥️Cybersecurity MeasuresAdvanced Firewall Protection
Account Types and Features
⚙️Standard Account Offers commission-free trading with wider spreads
📊ECN Account Yes (Raw Account)
🌙Islamic AccountNo
🎮Demo Account Available with a 30-day limit,
extensions possible upon request
👑VIP AccountNo
💵Minimum Deposit$100 USD / R1600 ZAR
💱Base CurrenciesAUD
USD
EUR
NZD
⚖️Leverage OptionsUp to 1:500
📈Spreads (Fixed/Variable)Raw Account offers spreads as low as 0.1 pips,
Standard Account has wider spreads
🔄Swap-Free AccountsNo
🌐Account Currency ConversionNo
🚨Margin Call Level80%
❌Stop-Out Level50%
🔄Hedging Allowed Yes
⚡Scalping AllowedYes
🔁Copy Trading SupportYes
(via TradingView, Myfxbook)
👥Social Trading FeaturesYes
(via ZuluTrade)
💼Managed AccountsNo
Trading Conditions
🔍Average SpreadsFrom 0.0 pips (Raw)
💲Commissions per Trade $3.50 per lot (Raw)
🔢Leverage Range1:1 – 1:500
🚀Execution Speed< 30ms
📊Order Execution TypeMarket Execution
🔄Slippage PolicyYes
📏Margin requirementsVaries by asset
⏹️Stop-Loss and Take-Profit OrdersYes
🔁Trailing StopsYes
🕑Pending OrdersYes
🔽Partial FillsYes
🧾Dividend AdjustmentsYes
🌙Overnight Swap Fees Yes
📆Rollover PolicyYes
🛑Guaranteed Stop LossNo
Trading Instruments
💹Forex Currency Pairs40+
🪙Precious Metals (Gold/Silver)Yes
📈IndicesYes
🌾CommoditiesYes
⛽Energies
(Oil/Natural Gas)
Yes
₿CryptocurrenciesYes (250+ crypto CFDs)
📉StocksYes
🗂️ETFsNo
🏛️BondsNo
📜Futures Contracts No
🛡️Options ContractsNo
⚖️CFDs
(Contracts for Difference)
Yes
🔣Swap on Trading BoardYes
🔀Leveraged InstrumentsYes
🎯Micro-Lot TradingYes
💸Spread BettingNo
🧺Currency BasketsNo
Deposits and Withdrawals
💳Deposit MethodsBank Wire,
Credit/Debit Card,
Skrill,
Neteller,
PayPal,
Crypto
💵Withdrawal MethodsBank Wire,
Credit/Debit Card,
Skrill,
Neteller,
PayPal,
Crypto
⏱️Processing Time for DepositsInstant
🕒Processing Time for Withdrawals 1-3 business days
🚫Deposit FeesNo
💵Withdrawal FeesNo
(except bank wires)
🔢Minimum Deposit Amount$100 USD / R1600 ZAR
📉Minimum Withdrawal Amount$50
🚪Maximum Withdrawal Limit
No limit
💱Supported CurrenciesAUD
USD
EUR
NZD
₿Crypto Deposits & WithdrawalsYes
🏦Bank Wire TransfersYes
💳Credit/Debit CardsYes
📲E-Wallets
(Skrill, Neteller, etc.)
Yes
🏘️Local Payment MethodsNo
Trading Platforms and Tools
💻MetaTrader 4 (MT4) Yes
👩‍💻MetaTrader 5 (MT5)Yes
🖥️Proprietary PlatformNo
📱Mobile Trading AppYes (MT4/MT5)
🌐Web-Based PlatformYes
🤖Trading Bots
Yes
🖧VPS ServicesYes
🔌API ConnectivityYes
📉Charting ToolsYes
🧮Custom IndicatorsYes
🧠Market Sentiment Analysis Yes
📩Trading SignalsYes
🏷️Advanced Order TypesYes
⚠️Risk Management ToolsYes
📅Economic Calendar Yes
📰Market News Feed Yes
Customer Support
📞Support ChannelsLive Chat,
Email,
Phone
🗨️Live Chat Availability24/5
📧Email SupportYes
📱Phone SupportYes
🌍Multilingual SupportYes
❓Help Center/FAQYes
👨‍💼Dedicated Account ManagerNo
⏲️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.
🏫SeminarsNo
📖Trading TutorialsOffers guides on MetaTrader platforms and trading fundamentals.
📊Market Analysis ReportsRegularly publishes market updates and trade ideas.
📚E-BooksNo
🎬Video LibraryProvides a range of educational videos.
📜GlossaryNo
❔FAQs Comprehensive FAQ section available.
🆕Beginner GuidesOffers resources tailored for beginners.
🚀Advanced Trading StrategiesProvides insights into advanced trading techniques.
Partnerships and Programs
📋IB ProgramOffers an Introducing Broker program.
🪪Affiliate program?Yes,
an affiliate program is available.
🏷️White Label SolutionsNo
🎁Partnership Rewards Provides rewards for partners.
🏛️Institutional SolutionsNo
🔌API Partnership No
🤝Referral ProgramYes,
a referral program is in place.
Fees & Charges
💳Deposit FeesNo deposit fees.
📤Withdrawal FeesNo withdrawal fees.
💤Inactivity FeeNo
🌜Overnight Fees (Swaps)Applicable on positions held overnight.
💱Conversion FeesMay apply for currency conversions.
💰Commission on TradesRaw Account: $7 per round lot,
Standard Account: commission-free with higher spreads.
Market Research Tools
📅Economic CalendarAI-powered economic calendar available.
📰Market NewsProvides regular market news updates.
📩Trading Signals Offers trading signals through various platforms.
🔧Technical Analysis ToolsComprehensive tools available on MT4, MT5, and TradingView.
💭Sentiment Analysis Provides market sentiment analysis.
Additional Features
👥PAMM/MAM Accounts No
🔗Social Trading PlatformIntegration with TradingView for social trading.
🏆Trading CompetitionsYes
🎁Loyalty RewardsNo
👑Exclusive VIP PerksNo
Promotions & Bonuses
🎁Welcome Bonus No
💵Deposit Bonus No
🏅Trading ContestsNo
🌟Seasonal PromotionsNo
🎖️Loyalty ProgramsNo
User Experience & Reviews
🖥️User Interface QualityPlatforms are user-friendly and intuitive.
🔒Platform StabilityPlatforms are stable with minimal downtime.
📱Mobile App Reviews Mobile trading apps are well-received by users.
⭐Overall User RatingGenerally positive user feedback.
🌟Trustpilot RatingHigh
😟Common ComplaintsNo significant complaints reported.
Mobile
📱Mobile App NameMetaTrader 4 and MetaTrader 5.
🛠️Developer MetaQuotes Software Corp.
📅Release YearMT4: 2005
MT5: 2010.
💻OS CompatibilityCompatible with i
🌐Languages SupportedEnglish,
Spanish,
Chinese,
German,
French,
and more
📈Trading InstrumentsForex,
Commodities,
Indices,
Shares,
Cryptocurrencies
🔄Real-Time DataYes,
provided on
MetaTrader 4,
MetaTrader 5,
and TradingView
🛠️Charting ToolsAdvanced charting tools available on MT4,
MT5,
and TradingView
📊Order Types SupportedMarket,
Limit, Stop,
Trailing Stop,
Pending Orders
🚀Order Execution SpeedUltra-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 FeaturesSSL encryption, segregated client funds, regulated by ASIC and FCA
🖥️SynchronizationCross-platform sync between desktop,
web,
and mobile
💰Deposit and Withdrawal Supports bank transfers, credit/debit cards,
PayPal,
Skrill,
Neteller,
and crypto
📝Account Types AccessibleStandard,
Raw,
Demo,
and Islamic accounts
🔄Switch AccountsYes,
easy account switching between different account types
💬In-App Support24/5 multilingual customer support via live chat,
email,
and phone
📚Educational Resources Webinars, tutorials, market analysis,
and trading guides
🎯WatchlistCustomizable watchlist available on platforms
🌙Dark ModeAvailable on TradingView and mobile apps
🌐Social TradingSupports TradingView integration for social trading
AI Trading Resources
🤖AI IntegrationNo dedicated AI trading but supports third-party AI tools
📊Data Analysis Advanced analytics tools available via TradingView and MetaTrader
📈Predictive AnalyticsNo built-in predictive AI, but supports external plugins
🛠️Customizable StrategiesAvailable via Expert Advisors (EAs) on MT4/MT5
📉Risk Management ToolsStop-loss, take-profit, margin call alerts, negative balance protection
🧑‍🏫Trading InsightsMarket analysis and research reports provided
🚀Execution OptimizationUltra-low spreads and fast execution speeds
🔄Portfolio RebalancingManual rebalancing available
📚AI TutorialsNo AI-specific tutorials, but general trading education available
🎥Video DemonstrationsAvailable 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 AvailabilityWeb,
desktop (Windows/Mac),
and mobile (iOS/Android)
📈Backtesting CapabilityAvailable through MT4/MT5 Strategy Tester
🛠️Strategy BuilderExpert Advisors (EAs) and TradingView scripting supported
🔔Alerts and NotificationsPrice alerts,
economic news alerts, and order notifications
🔒Data ProtectionHigh-level security and encrypted transactions
👁️‍🗨️Transparency Fully regulated and provides clear fee structures
Social Media Platformst
📘FacebookYes,
active presence
📷InstagramYes,
shares trading insights and updates
🐦Twitter Yes,
provides market news and updates
💼LinkedIn Yes,
for professional updates and company news
🎥YouTubeYes,
offers trading tutorials and market analysis
👉Open Account👉 Open Account

 

Overview

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).

 

 

Features Offered

With competitive spreads, quick execution, and flexible leverage for the various strategy requirements of traders, Eightcap offers the best possible environment for beginners as well as professionals.

Enhanced security, 24/7 customer support, and educational resources complement the platform, making it a reliable choice to commence trading.

Trading through Eightcap occurs seamlessly, at astounding speed, and with unprecedented efficiency.

Eightcap offers seamless, high-speed trading with unmatched efficiency. Traders can diversify effortlessly across more than 800 financial instruments, including forex, indices, commodities, shares, and cryptocurrencies.

 

🌟 Feature 📌 Details
📈 Trading PlatformsMT4,
MT5,
TradingView,
Capitalise.ai integration
🔄 Automated TradingSupports Capitalise.ai for no-code automation
💰 Crypto Trading250+ crypto derivatives available
⚡ Execution SpeedFast execution with deep liquidity
🔥 Competitive SpreadsTight spreads on major forex pairs & CFDs
📊 Diverse MarketsForex,
indices,
commodities,
stocks,
and crypto
🎯 Account OptionsStandard & Raw accounts for different trading styles
🛠 Risk ManagementAdvanced tools for stop-loss and take-profit

 

Eightcap Customer Reviews and Ratings

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 ExecutionFast and seamless order execution⭐⭐⭐⭐⭐
💰 Spreads & FeesCompetitive spreads with reasonable fees⭐⭐⭐⭐☆
📊 Trading PlatformsSupports MT4 & MT5 with advanced features⭐⭐⭐⭐⭐
🔒 SecurityStrong security measures for safe trading⭐⭐⭐⭐⭐
🤝 Customer Support24/7 support with responsive assistance⭐⭐⭐⭐☆
📚 Educational ResourcesHelpful materials for beginners & pros⭐⭐⭐⭐☆
📈 Asset VarietyOver 800 financial instruments available⭐⭐⭐⭐⭐

 

EightCap Safety and Security

EightCap Safety and Security

 

EightCap is well-regulated by The Australian Securities and Investments Commission (ASIC) and The Securities Commission of the Bahamas (SCB).

 

🔎 Regulator🥇 ASIC🥈 SCB
🌎 Country AustraliaBahamas
✅ Entity NameEightCap Pty LtdEightCap Global Limited
💰 Segregated Funds☑️ Yes☑️ Yes

 

Sign-Up Bonus

EightCap Sign Up Bonus

 

The EightCap deposit bonus is a personal offer that can be discussed with traders’ personal account managers.  Therefore, there is no publicized percentage or amount as this is a client-specific offer.

 

🔎 Broker🥇 EightCap
🎉 Sign Up Bonus☑️ Yes
📌 Bonus %Client Specific
🚀 Open an Account👉 Open Account

 

EightCap Minimum Deposit

EightCap Minimum Deposit

 

The minimum deposit amount required to register an EightCap live trading Raw or Standard account is USD 100.  This minimum deposit is equivalent to ZAR 1600.00 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 ZARR1600 ZAR
🚀 Open an Account👉 Open Account👉 Open Account

 

EightCap Account Types

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 ZARR1600 ZAR
💰 Typical EUR / USD Spread📌 0.5 - 1.8 Pips📌 0.0 - 0.1 Pips
➖ Min. Trade Size0.01 Lots0.01 Lots
➕ Max. Trade Size100 Lots100 Lots
📈 Margin Call Level80%80%
🛑 Stop Out Level50%50%
💵 Account Base CurrencyAUDAUD
USDUSD
EUREUR
🚀 Open an Account👉 Open Account👉 Open Account

 

Standard 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.

The wide variety of tradable instruments (over 800) in its arsenal makes it very effective for portfolio diversification- including forex, indices, commodities, and cryptocurrencies.

 

Raw Account

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.

The account will give access to more than 800 trading instruments, forex, commodities, indices, and cryptocurrencies, all on the MT4 and MT5 platforms, with super-fast execution.

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

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. DepositNone
💵 Virtual Deposit 3000 - 500'000
📈 Leverage 1:25 - 1:500
🖥️ AccountsRaw
Standard
☑️ Base CurrencyAUD
USD
EUR
NZD
💻 Trading PlatformsMetaTrader4
MetaTrader5
🚀 Open an Account👉 Open Account

 

How to open an EightCap Account – Step-by-Step Guide

 

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.

 

How to open an EightCap Account - Step-by-Step Guide step 1

 

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.

 

How to open an EightCap Account - Step-by-Step Guide step 2

 

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.

 

How to open an EightCap Account - Step-by-Step Guide step 3

 

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.

 

EightCap Account - Step-by-Step Guide step 4

 

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 Account - Step-by-Step Guide step 5

EightCap Trading Platforms

EightCap Trading Platforms

 

EightCap displays a viable portfolio of trading platforms, which are ever so versatile and provide a user-friendly environment for trading.

The best of the trading platform originated from two best-selling, tried-and-true platforms in the industry: MT4 and MT5.

These platforms are globally revered for the formidable graphical tools they provide, advanced technical analysis, automation through programming interfaces, and a customized look and feel.

EightCap desktop and mobile applications constantly have the traders on the market pulse.

With so many types of orders supported, ultra-fast execution, and the ability to interface with Expert Advisors, EightCap is the best choice for novice and pro traders.

 

MetaTrader4 vs MetaTrader5

MetaTrader4 vs MetaTrader5

🔎 Platform☑️ MT5☑️ MT4
💻 Pending Order Types64
📈 Depth of Market✅ Yes❌ No
📉 Tech Indicators3830
📊 Graphical Objects4431
⌛ Time Frames219
📌 Economic Calendar✅ Yes❌ No
🔁 Transfer Funds between accounts✅ Yes❌ No
☑️ Strategy TesterMulti-threadedSingle Thread
☑️ Hedging✅ Yes✅ Yes
🖥️ SymbolsUnlimited1024
⚙️ Supported MarketsForexForex
Futures-
Options-
Stocks-
Bonds-
📌 Exchange Trading✅ Yes❌ No

 

TradingView

TradingView

 

TradingView is the leading solution to chart or socially trade online. In that respect, TradingView is known to be advanced, offering charting, real-time market data, and technical analysis in abound numbers and to numerous asset classes that traders deal in, ranging from Forex and Stocks across Cryptocurrencies to Commodities.

With its ease of use, it lets users create custom charts with indicators, drawing tools, and multiple timeframes, thereby making it appealing to both beginners and veterans alike.

It also carries social features, making the sharing of trading ideas and strategies possible. You can even follow other traders. Being cloud-based means that TradingView offers full access from different devices, thus providing a complete trading experience.

 

Mobile Use of EightCap

Mobile Use of EightCap

 

Trading through Eightcap is mobile-enabled, satisfying clients’ ever-changing demand for trading away from the desk.

Real-time market quotes, live charts, and technical indicators are found on the MT4 and MT5 mobile apps, putting everything into traders’ hands at the tip of their fingers on smartphones or tablets.

The interface of this mobile is very intuitive hence, it is pretty easy to open, close, or modify trades in just a few taps.

Users can instantly receive alerts, monitor positions, and execute trades right on their devices, ensuring they never miss out on market opportunities.

Whether on Android or iOS, Eightcap’s mobile functionality, flexibility, and convenience are guaranteed to keep traders connected to their portfolio wherever and whenever.

 

📱 Feature📖 Description
🔄 Real-Time Market DataStay updated with live prices,
charts,
and quotes for quick market analysis.
📊 Interactive ChartsAccess customizable charts and technical indicators for informed decision-making.
⚡ Fast Trade ExecutionOpen,
close,
and modify trades instantly with minimal lag.
🔔 Instant AlertsSet notifications for price movements, news updates,
or trading signals.
🔒 Secure TradingProtected by robust security protocols to safeguard your trading experience.
🌐 Anywhere AccessTrade anytime from your smartphone or tablet, whether on Android or iOS.
👨‍💼 User-Friendly InterfaceIntuitive mobile layout designed for both beginner and experienced traders.

 

EightCap AI Integration

AI-oriented technologies have been entrenched by EightCap in their trading platform to give the user a more comfortable and efficient trading experience than before.

With advanced AI tools incorporated, the broker is empowering traders for quick, smarter analysis and effective decision-making.

This AI integration helps with strategy optimization, risk management, and market analysis, allowing for easy use in decision-making for first-time and seasoned traders alike.

With automated trading and predictive analytics, EightCap wants to present itself as a modern platform that has embraced the latest technologies in line with the needs of today’s traders.

 

🤖 Feature📖 Description
🔄 Real-Time Market DataStay updated with live prices,
charts,
and quotes for quick market analysis.
📊 Interactive ChartsAccess customizable charts and technical indicators for informed decision-making.
⚡ Fast Trade ExecutionOpen,
close,
and modify trades instantly with minimal lag.
🔔 Instant AlertsSet notifications for price movements,
news updates,
or trading signals.
🔒 Secure TradingProtected by robust security protocols to safeguard your trading experience.
🌐 Anywhere AccessTrade anytime from your smartphone or tablet, whether on Android or iOS.
👨‍💼 User-Friendly InterfaceIntuitive mobile layout designed for both beginner and experienced traders.
🛠️ Full Platform FeaturesAccess the same tools as desktop versions, including MT4 and MT5 capabilities.

 

Fees, Spreads, and Commission

Fees, Spreads, and Commission

 

Trading with EightCap will involve fees from USD 100 / ZAR 1600, spreads from 0.5 pips to 1.0 pips, and commissions of USD 3.5 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 ZARR1600 ZAR
🔁 Spreads from--
Forex0.0 pips0.0 pips
Indices0.5 pips0.5 pips
Commodities0.0 pips0.0 pips
Shares1.0 pips1.0 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 FeeThird-PartyThird-Party
☑️ Withdrawal FeeNoneNone
🚀 Open an Account👉 Open Account👉 Open Account

 

EightCap Deposit and Withdrawal

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.

 

Deposit Options

🔎 Deposit Option⌛ Processing Time💰 Transaction Fee🛑 Deposit Limit
🥇 VisaInstantNone100 - 4000
🥈 POLI PaymentInstantNone100 - 100'00
🥉 Bank Wire📌 1-3 Business Days📌 Bank Dependent📌 N/A
🏅 BPAY📌 1-2 Business DaysNone100 - 100'00
🥇 China UnionPayInstantNone100 - 3000
🥈 SkrillInstantNone100 - 100'00
🥉 NetellerInstantNone100 - 100'00
🏅 CryptocurrencyInstantNone📌 N/A
🥇 PayPalInstantNone100 - 4000
🥈 WorldPayInstantNone100 - 500'00
🥉 FasaPayInstantNone100 - 100'00
🏅 PSPInstantNone100 - 3000
🥇 PayRetailers📌 1 - 2 Business DaysNone50 - 4000

 

How to make a Deposit with Eightcap TradingView

 

Step 1: Log In

Log into your dashboard with your email or Google account.

 

How to make a Deposit with Eightcap TradingView step 1

 

Step 2: Make a Deposit

Find a method that suits your needs and make a deposit.

 

How to make a Deposit with Eightcap TradingView step 2

 

How to make a Withdrawal with EightCap TradingView

 

Step 1: Log in

Log in to the Client Portal area and click Withdrawals from the menu options.

 

How to make a Withdrawal with EightCap TradingView step 2

 

Step2: Request Withdrawal

  • 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.

 

How to make a Withdrawal with EightCap TradingView step 2

 

EightCap Affiliate Program

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.

 

10 Best Forex Brokers in South Africa for 2025

Rank

Broker

Review

Regulators

Min Deposit

Official Site

#1

ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA

$100

#2

FSCA, CySEC, FCA, DFSA, FSA, CMA

$0

#3

CySEC, MWALI, FSCA

$25

#4

CySEC, FCA, FSA, FSCA

$100

#5

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

$10

#6

CySEC, ASIC, FSA, BVI, FSCA

$25

#7

ASIC, CySEC, FSA, SCB

$200

#8

ASIC, CySEC, FSCA, FSA, FSC, CMA

$100

#9

FCA, CySEC, FSCA, SCB

$100

#10

FSCA, FSC, ASIC, CySEC, DFSA

$5

#1

4.8/5

User Score

#2

4.7/5

User Score

#3

4.7/5

User Score

#4

4.4/5

User Score

#5

4.7/5

User Score

#6

4.0/5

User Score

#7

4.7/5

User Score

#8

4.8/5

User Score

#9

4.5/5

User Score

#10

4.9/5

User Score

 

Compare Forex Brokers – EightCap vs AvaTrade vs IC Markets

🔎 Broker🥈 EightCap🥇 AvaTrade🥉 IC Markets
💰 Minimum Deposit$100 USD$100 USD📌 $200 USD
R1600 ZARR1600 ZAR📌 R3200 USD
🔁 Tradeable Symbols32612603583
💵 Forex Pairs455561
📊 SpreadsCompetitive spreads on major pairsLow fixed and floating spreadsTight raw spreads for scalpers
💻 PlatformsMT4,
MT5,
TradingView integration
MT4,
MT5,
WebTrader
MT4,
MT5
⚡ ExecutionFast execution for day tradersReliable execution across marketsUltra-fast ECN execution
🔒 SecurityRegulated by ASIC,
FCA,
CySec
and SCB
ASIC,
FSA,
CBI,
BVI,
FSCA,
FRSA,
CySEC,
ISA,
JFSA
ASIC,
CySEC,
FSA,
SCB
📱 Mobile AppSeamless mobile experienceIntuitive mobile appAdvanced mobile trading
💼 AssetsForex,
indices,
crypto,
shares
Wide range of assets including cryptoForex-focused,
expanding options
🎓 EducationTrading guides,
webinars
Beginner tutorials and coursesMarket insights and analytics
🚀 Open an Account👉 Open Account👉 Open Account👉 Open Account

 

Education and Research

Education and Research

 

Traders are greatly assisted by EightCap during their learning and decision-making, of their own accord, with a wider-reaching range of education and research tools.

The broker provides for the education of any interested party from the very first foundations of trading to really advanced topics, like webinars, tutorials, guides, and many more.

In addition, the trading platform gives traders access to market analysis, updating them with real-time news, and some economic calendars for upcoming market events.

The trading insight and learning videos on the platform keep traders relatively new experienced and ready in an ever-evolving marketplace.

 

Forex Trading Guides

EightCap has several Forex trading guides that help both beginners and professional traders understand the nuances of the foreign exchange market.

The guides worked on range from the basics of Forex trading, understanding currency pairs, and risk management strategies, to advanced trading techniques.

The educational content at EightCap, therefore, has been performed in a way to be read smoothly and understood by each group of traders.

It also provides extended articles on trading psychology, chart analysis, and market indicators to help traders polish up their technical and fundamental analysis skills.

Equipped with these at their fingertips, EightCap aims to empower traders to make well-informed decisions for better trading results.

 

Best Countries by Traders

🌎 Country of Trade📌 % of Traders
🥇 Australia17.52
🥈 Spain13.06
🥉 Thailand11.66
Netherlands8.81
Indonesia4.87

 

EightCap Countries

 

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

 

Customer Reviews

 

Pros and Cons

✅ Pros ❌ Cons
Low Forex FeesSlim Product Selection
Quick Account ApplicationLimited Research
Free Deposit and WithdrawalLack 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 can be summarised as a trustworthy, award-winning broker with an established and reputable reputation.

 

You might also like: Eightcap Account Types Overview

You might also like: Eightcap Demo Account – Step by Step

You might also like: Eightcap Fees and Spreads

You might also like: Eightcap Minimum Deposit

You might also like: Eightcap Sign up Bonus

 

Disclaimer

EightCap warns traders that margin trading involves a high level of risk, and may not be suitable for all investors.  EightCap does not provide or issue financial advice, recommendations, or opinions in relation to acquiring, holding, or disposing of a margined transaction.

 

Frequently Asked Questions

 

Is Eightcap a fake or a scam?

No, Eightcap is not considered a fake or scam as this broker adheres to the strict regulation of ASIC (Australian Securities and Investments Commission).

 

What is the overall rating out of 10 for Eightcap?

Our Review of Eightcap reveals a rating of 7/10.

 

What type of broker is Eightcap?

Eightcap is a Market maker broker.

 

What are the account base currencies for Eightcap?

Traders can choose from:  USD, AUD, GBP, EUR, SGD, NZD, and CAD.

 

Which platforms are supported by Eightcap?

MetaTrader 4 and MetaTrader 5.

 

References

Eightcap EU Ltd
Eightcap Group Ltd
Eightcap Pty Ltd
Eightcap Global Limited, Eightcap Limited

 

There are no reviews yet. Be the first one to write one.


4.8/5 - (5 votes)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 2, 2025

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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