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
- 🕸️Eightcap Spider Chart
- 💡EightCap at a Glance
- 📄Overview
- ✨Features Offered
- ⭐️EightCap Customer Reviews and Ratings
- 🛡️EightCap Safety and Security
- 🎁Sign-Up Bonus
- 💳EightCap Minimum Deposit
- 💼EightCap Account Types
- 👥How to open an EightCap Account – Step-by-Step Guide
- ⚖️EightCap Trading Platforms
- 📲Mobile Use of EightCap
- 🤖EightCap AI Integration
- 📈Fees, Spreads, and Commission
- 💰EightCap Deposit and Withdrawal
- 🤝EightCap Affiliate Program
- ⚖️Compare Forex Brokers
- 📚Education and Research
- 📘Forex Trading Guides
- 🔖Best Countries by Traders
- 🗣️Customer Reviews
- ⚖️Pros and Cons
- 📝Conclusion
- ❓Frequently Asked Questions
- 🔗References
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
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 |
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 Platforms | MT4, MT5, TradingView, Capitalise.ai integration |
🔄 Automated Trading | Supports Capitalise.ai for no-code automation |
💰 Crypto Trading | 250+ crypto derivatives available |
⚡ Execution Speed | Fast execution with deep liquidity |
🔥 Competitive Spreads | Tight spreads on major forex pairs & CFDs |
📊 Diverse Markets | Forex, indices, commodities, stocks, and crypto |
🎯 Account Options | Standard & Raw accounts for different trading styles |
🛠 Risk Management | Advanced 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 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 | ⭐⭐⭐⭐⭐ |
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 | Australia | Bahamas |
✅ Entity Name | EightCap Pty Ltd | EightCap Global Limited |
💰 Segregated Funds | ☑️ Yes | ☑️ Yes |
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
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 ZAR | R1600 ZAR | |
🚀 Open an Account | 👉 Open Account | 👉 Open Account |
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 |
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
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
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
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.
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
🔎 Platform | ☑️ MT5 | ☑️ MT4 |
💻 Pending Order Types | 6 | 4 |
📈 Depth of Market | ✅ Yes | ❌ No |
📉 Tech Indicators | 38 | 30 |
📊 Graphical Objects | 44 | 31 |
⌛ Time Frames | 21 | 9 |
📌 Economic Calendar | ✅ Yes | ❌ No |
🔁 Transfer Funds between accounts | ✅ Yes | ❌ No |
☑️ Strategy Tester | Multi-threaded | Single Thread |
☑️ Hedging | ✅ Yes | ✅ Yes |
🖥️ Symbols | Unlimited | 1024 |
⚙️ Supported Markets | Forex | Forex |
Futures | - | |
Options | - | |
Stocks | - | |
Bonds | - | |
📌 Exchange Trading | ✅ Yes | ❌ No |
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
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 Data | Stay updated with live prices, charts, and quotes for quick market analysis. |
📊 Interactive Charts | Access customizable charts and technical indicators for informed decision-making. |
⚡ Fast Trade Execution | Open, close, and modify trades instantly with minimal lag. |
🔔 Instant Alerts | Set notifications for price movements, news updates, or trading signals. |
🔒 Secure Trading | Protected by robust security protocols to safeguard your trading experience. |
🌐 Anywhere Access | Trade anytime from your smartphone or tablet, whether on Android or iOS. |
👨💼 User-Friendly Interface | Intuitive 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 Data | Stay updated with live prices, charts, and quotes for quick market analysis. |
📊 Interactive Charts | Access customizable charts and technical indicators for informed decision-making. |
⚡ Fast Trade Execution | Open, close, and modify trades instantly with minimal lag. |
🔔 Instant Alerts | Set notifications for price movements, news updates, or trading signals. |
🔒 Secure Trading | Protected by robust security protocols to safeguard your trading experience. |
🌐 Anywhere Access | Trade anytime from your smartphone or tablet, whether on Android or iOS. |
👨💼 User-Friendly Interface | Intuitive mobile layout designed for both beginner and experienced traders. |
🛠️ Full Platform Features | Access the same tools as desktop versions, including MT4 and MT5 capabilities. |
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 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 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 |
🥇 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 Deposit with Eightcap TradingView
Step 1: Log In
Log into your dashboard with your email or Google account.
Step 2: Make a Deposit
Find a method that suits your needs and make a deposit.
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.
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.
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
Compare Forex Brokers – EightCap vs AvaTrade vs IC Markets
🔎 Broker | 🥈 EightCap | 🥇 AvaTrade | 🥉 IC Markets |
💰 Minimum Deposit | $100 USD | $100 USD | 📌 $200 USD |
R1600 ZAR | R1600 ZAR | 📌 R3200 USD | |
🔁 Tradeable Symbols | 326 | 1260 | 3583 |
💵 Forex Pairs | 45 | 55 | 61 |
📊 Spreads | Competitive spreads on major pairs | Low fixed and floating spreads | Tight raw spreads for scalpers |
💻 Platforms | MT4, MT5, TradingView integration | MT4, MT5, WebTrader | MT4, MT5 |
⚡ Execution | Fast execution for day traders | Reliable execution across markets | Ultra-fast ECN execution |
🔒 Security | Regulated by ASIC, FCA, CySec and SCB | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | ASIC, CySEC, FSA, SCB |
📱 Mobile App | Seamless mobile experience | Intuitive mobile app | Advanced mobile trading |
💼 Assets | Forex, indices, crypto, shares | Wide range of assets including crypto | Forex-focused, expanding options |
🎓 Education | Trading guides, webinars | Beginner tutorials and courses | Market insights and analytics |
🚀 Open an Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
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 |
🥇 Australia | 17.52 |
🥈 Spain | 13.06 |
🥉 Thailand | 11.66 |
Netherlands | 8.81 |
Indonesia | 4.87 |
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 |
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
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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
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