EightCap

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Eightcap 2024 Broker Review

Written by:

ForexBrokerTalk

Fact checked by:

ForexBrokerTalk

Recommended for

Forex traders who want to trade with low commissions and fees

Trust Level: High

  • Licenses: FCA (UK), CySEC (Cyprus), ASIC (Australia), SCB (The Bahamas)
  • Launched in 2009

Popularity

320 people chose this broker in the last 6 months

Introduction To Eightcap

Eightcap is another major forex broker located in Australia. Founded in 2009, they hold licenses in several jurisdictions such as; FCA (UK), CySEC (Cyprus), ASIC (Australia), SCB (The Bahamas). They have risen in recent years for their low commissions and fees. Additionally many prop firms leverage their platform for their operations.

The broker offers a wide variety of trading instruments including; forex, metal, CFDs, and crypto. Eightcap has one of the best selection for trading cryptos in the industry, and is far better than more brokers in this area. Trading commissions start at just $3.50 USD per lot side. Additionally Eightcap offers an acceptable amount of different platforms, including MetaTrader 4, 5, Tradingview, and Webtrader.

Overall we think Eightcap is a great broker of choice for any trader, especially if they are into trading crypto as well.

$100

Minimum Deposit

$3.50

FX Commission
(per lot)

Yes

Free Demo Account

No

Inactivity fee

Pros

Great crypto products

Low fees and commissions

Variety of support languages

Cons

Trading Server located in Tokyo (more below)

Limited CFD selection

Video Review

Coming soon!

EightCap Quick Facts

Country Headquarters

Australia

Instruments Offered

Forex, Metal, Stock Indices, Crypto

Base Account Currency

USD, GBP, EUR, NZD, CAD, SGD, AUD

Minimum Deposit

$100

Withdrawal Fee

$0

Account Verification Time

1 day

Deposit Options

Wire Transfer, Card, Bitcoin, PayPal, Neteller and more!

Accepts crypto deposit

Yes

Trading Platforms

MetaTrader 4/5, TradingView, Webtrader

Demo Accounts

Yes

VPS Offered

Yes

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Account Opening 4.7 / 5

Simple account opening process. Like other brokers Eightcap’s sign up process is fully online and requires a couple verification documents. After your account has been verified you’re good to go!

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Commissions & Fees 4.3 / 5

As most other brokers, Eightcap charges $3.50 USD per lot side. Additionally there are no other fees for depositing or withdrawing your funds.

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Deposit and withdrawal 4.8 / 5

Eightcap offers a reasonable selection of deposit options which should fit most traders;

  • Bank transfer
  • Card
  • PayPal
  • Neteller
  • UnionPay
  • Bitcoin
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Trading Platforms 4.3 / 5

Like most forex brokers Eightcap offers MetaTrader 4 and 5. Additionally Tradingview and WebTrader are offered as well.

It would be nice to see Eightcap add support for cTrader!

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Customer Support 4.0 / 5

Customer support is offered 24/7 at Eightcap via; phone, email, and live chat. Additionally support is offered in a variety of different languages including; English, Spanish, French, German, Portuguese, Italian, Chinese, Indonesian, Thai, Vietnamese, Korean, Bulgarian

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Other 3.9 / 5

Eightcap also offers:

  • Free demo accounts (no live account required)
  • Deposit bonus
  • Market analysis and research
  • Free VPS available
  • Trading ideas and news flow
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About ForexBrokerTalk

ForexBrokerTalk is a free service which helps both new and experienced traders find the best forex broker for their needs. As an impartial party we have reviewed more than 50 different forex brokers, with new brokers being added everyday. Additionally we offer a free newsletter to keep traders up to date on the latest in forex broker news, promotions, and more! Have any questions? Click here to contact us and we’ll be happy to help.

4.7 / 5

ForexBrokerTalk Final Score

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