2.88 8 Reviews
2.88

Eightcap Review Summary

This brokerage has been in business for more than a year and has MetaTrader4 and MetaTrader5 platforms on offer. They are a renown CFD and fx brokerage that has competitive spreads, good client support and trial accounts. This means novices and pros will both enjoy their services.

Eightcap Review Highlights

Trading Platform: MetaTrader4/5
Cryptocurrencies Yes
Regulator ASIC, VFSC
Minimum Initial Deposit 100 $
Leverage 1:500

Pros & Cons

Pros
  • Educational material
  • ASIC- and VFSC-regulated
  • MetaTrader4 and MetaTrader5 available
  • Great feedback
  • Quick service
Cons
  • Demo account offered for a limited time
  • No bonuses or promotions;
  • No binary options available
eightcap_logo
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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.

MT4 Characteristics:

  • 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.

MT5 Characteristics:

  • 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.

Financial Assets

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

Founded: 2009
Broker Type: ECN, STP
Languages Supported: EN, DE, IT, FR, ES, ZH
Trading Instruments: Forex, Commodities, Indices, Shares and Cryptocurr
Account Types: Two account types
Expert Advisors: Yes
Social Trading: N\A
Hedging: Yes
Scalping: No
Commission: Yes
Inactivity Fee: N\A
Swap-Free Account: Yes
Mobile Apps: Yes
Demo Account: Yes
Prohibited Countries: United States, Syria.
Trading Fees: Yes
Withdrawal Fees: Yes, minimal
eightcap_logo
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

CLAIM OWNERSHIP

Eightcap Reviews

8 Reviews for Eightcap

  • Alek X says:

    Great platform, easy to use and great service.

  • Cracraft says:

    High costs do not always deliver high returns. Eightcap lowers costs, opens access to waaaaay more global markets, offers AMAZING margin rates, and keeps it simple for a sophisticated trader.

    You can submit basic orders for traders, or really advanced orders including 60+ order types.

  • Jason says:

    Hi guys, good day! Need your opinion on something horrifying that just happened to me on Eightcap . I have escalated and will not let this matter go unheard. Despite persistent login issues with Eightcap and many other negativity that surrounded the platform within the last couple of months, ive always thought Eightcap is not too bad until recently.

  • Mac Rostick says:

    just opened an account and tried to add bank details, straight away without warning it took and deposited £1000 out of my bank account. It wasn’t clear and gave me no confirmation to do so. Can this deposit be canceled without having to pay fees??? Would be grateful to get some response. many thanks

  • Seamus says:

    Brilliant interface and easy to use. However, app has kicked me out or have been unable to log in, at times. It always seems to happen at moments of high trading and I have missed out on some high profit investments.

  • Leonard says:

    Spreads on crypto are extortion.

  • Merdzan Mike says:

    When opening trades I get a message asking me if I am sure I want to close my account!!! Am I making too much money Eightcap?

  • Ardian Lubeq says:

    Why people can’t withdraw their money from you?

eightcap_logo
FREE TRADING ALERTS SIGNALS TRADE THE TOP CRYPTOCUREENCIES AVAILABLE IN MULTIPLE COUNTRIES
official Wbsite >

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