Eightcap Review Summary
Eightcap Review Highlights
Pros & Cons
- Educational material
- ASIC- and VFSC-regulated
- MetaTrader4 and MetaTrader5 available
- Great feedback
- Quick service
- Demo account offered for a limited time
- No bonuses or promotions;
- No binary options available
This renowned authorized broker specializes in forex and CFD trading. The business offers traders entry to more than two hundred financial instruments such as fx, indexes, commodities, shares and cryptos. These can all be reached on MetraTrader4 and 5 platforms.
They offer a secure and trusted space for trades combined with competitive spreads and fast execution. They were founded in 2009 with an aim of providing great financial service for traders. They have expanded their reach to Bulgaria, London and Melbourne.
Platforms for Trade
The company gives client the option for trading on over two hundred financial instruments via the MetaTrader4 and MetaTrader5. You are welcome to register for a zero-cost trial account, too and get to see the user-friendly platform journey by yourself.
- Identifying marketplace trends and deciding on the entry and exit positions via pro charting instruments
- Nine time frames, thirty indicators included and twenty four graphic objects
- Research is automated, as well as executing trades via downloading zero-costs robots or buying them from the MT marketplace.
- Check out economic news and calendars and answer marketplace shifts in a second
- Utilize the browser mode of MET5 and begin trading. No download needed and it can be accessed via any operating systems
- Utilize robots the same way you could on MT4 and you will be granted entry to MLQ5 Wizard to make your robot from pre-made blocks. Pro traders can develop those themselves in the MLQ5 IDE area.
- You also get Market Depth options, netting and hedging and one-click trading from charts.
Forms of Accounts
You can start a live trading account in a few minutes, but also start a trial account with which you can open positions with 50k USD in firtual money and see what real marketplace conditions are like and get live cost features.
You get 2 forms of accounts to pick – Standard or Raw.
You will need a hundred dollars minimum to begin a live account here. The Raw options offers spreads of 0.0 pips with commission of 3.5 USD for every traded standard lot. The accounts let you scalp and provide leverage of 500:1.
The assets offered for trading are CFD’s in forex, indexes, metals, energies, shares and cryptos, while currency pairs that are offered include major, minor and exotic ones.
Deposit & Withdrawal
You are given a number of options for depositing your funds quickly. Transactions are safe via the Client Portal. You can transfer funds in a number of basic currencies and the methods you can use are: debit and credit cards, POLi Payments, transfers via bank wire, BPAY, China UnionPay, SKrill and Neteller.
Withdrawing is easy and can be submitted via the Client Portal. The request will be processed in a matter of a day. You can use this options after you have provided all the needed docs and your accounts has been verified. The ways you can use withdrawals are credit cards, debit cards, transfers via bank wire, Skrill and Neteller.
Policies and Regulations
Their service is provided via 2 branches, one overseen by ASIC and the other one by Vanuatu Financial Services Commission.
Official Eightcap Registration
If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.