Tips & Strategies for Online Trading

EightCap: A Comprehensive Review of the Trading Platform

EightCap
EightCap

EightCap is a regulated Forex and CFD broker that offers a range of trading services to clients worldwide. The company has been in operation since 2009 and has established itself as a reputable and reliable broker in the industry. With a focus on providing clients with access to the latest trading technology, competitive pricing, and exceptional customer service, EightCap has become a popular choice for traders of all levels.

One of the key features of EightCap is its range of trading platforms. The company offers the popular MetaTrader 4 platform, as well as a range of other platforms that cater to the needs of different types of traders. These platforms are designed to be user-friendly and offer a range of advanced trading tools and features, such as charting tools, technical analysis, and automated trading.

Overall, EightCap offers a comprehensive range of trading services that cater to the needs of traders of all levels. With a focus on providing clients with access to the latest trading technology, competitive pricing, and exceptional customer service, EightCap has become a popular choice for traders worldwide.


Key Takeaways

  • EightCap is a regulated Forex and CFD broker that offers a range of trading services to clients worldwide.
  • The company offers a range of trading platforms that cater to the needs of different types of traders.
  • EightCap provides clients with access to the latest trading technology, competitive pricing, and exceptional customer service.

EightCap Overview

EightCap is a regulated Forex and CFD broker headquartered in Australia. The company was founded in 2009 and has since expanded its presence globally. In this section, we will provide an overview of EightCap’s history, regulation and licenses, products and services.

History

EightCap was established in Melbourne, Australia in 2009. The company has since expanded its operations to include offices in London and Shanghai. EightCap has gained a reputation for providing a reliable and trustworthy trading environment for its clients.

Regulation and Licenses

EightCap is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License (AFSL) number 391441. The company is also registered with the Vanuatu Financial Services Commission (VFSC) under registration number 40377.

Products and Services

EightCap offers a range of trading products and services, including Forex, CFDs, and Crypto CFDs. The company offers trading on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as Capitalise.ai, a trading automation platform.

EightCap’s trading accounts include the Raw Account, Standard Account, and Demo Account. The Raw Account offers low spreads and commissions, while the Standard Account has no commissions and offers higher spreads. The Demo Account is a risk-free account that allows traders to practice their trading strategies.

EightCap provides its clients with a range of educational resources, including trading guides, webinars, and video tutorials. The company also offers a range of trading tools, including economic calendars, market news, and technical analysis.

Conclusion

In summary, EightCap is a regulated Forex broker that offers a range of trading products and services. The company is regulated by ASIC and holds an AFSL, as well as being registered with the VFSC. EightCap provides its clients with a range of educational resources and trading tools to help them make informed trading decisions.

Trading Platforms

When it comes to trading platforms, EightCap offers a range of options to suit different needs and preferences. Here are the key features of each platform:

MetaTrader 4

MetaTrader 4, or MT4, is a popular trading platform that is well-suited for both novice and experienced traders. It offers a range of features, including advanced charting tools, customizable indicators, and automated trading capabilities. With MT4, you can trade a wide range of financial instruments, including forex, indices, and commodities.

EightCap’s MT4 platform is available for desktop and mobile devices, so you can trade on-the-go or from the comfort of your own home. The platform is user-friendly and easy to navigate, even for beginners.

MetaTrader 5

MetaTrader 5, or MT5, is an advanced trading platform that offers even more features and functionality than MT4. It is particularly well-suited for traders who want to trade multiple asset classes, including stocks, futures, and options.

EightCap’s MT5 platform is available for web, desktop, and mobile devices, so you can trade from anywhere at any time. The platform offers advanced charting tools, customizable indicators, and automated trading capabilities, making it ideal for traders who want to take their trading to the next level.

Mobile Trading

EightCap’s mobile trading platform is available for both iOS and Android devices, making it easy to trade on-the-go. The platform offers all the features of the desktop platform, including advanced charting tools, customizable indicators, and automated trading capabilities.

With the mobile platform, you can monitor your trades, place new trades, and manage your account from anywhere at any time. The platform is user-friendly and easy to navigate, even for beginners.

Desktop Trading

EightCap’s desktop trading platform is available for both Windows and Mac users. The platform offers advanced charting tools, customizable indicators, and automated trading capabilities, making it ideal for traders who want to take their trading to the next level.

With the desktop platform, you can monitor your trades, place new trades, and manage your account from the comfort of your own home. The platform is user-friendly and easy to navigate, even for beginners.

In summary, EightCap offers a range of trading platforms to suit different needs and preferences. Whether you prefer the user-friendly MT4 platform or the advanced MT5 platform, or whether you want to trade on-the-go with the mobile platform or from the comfort of your own home with the desktop platform, EightCap has got you covered.

Account Types

EightCap offers two types of live trading accounts: the Standard Account and the Raw Account. Both accounts have no restrictions on trading styles and offer access to over 800 CFD markets with TradingView integration, daily trade ideas, professional trading insight, and code-free automation.

Standard Account

The Standard Account is perfect for traders who are new to trading or still learning the ropes. With spreads as low as 1.0 pips, you can benefit from trading without a commission. The minimum deposit required to open a Standard Account is $100, and the minimum trade size is 0.01 (depending on the instrument).

Raw Account

The Raw Account is designed for more experienced traders who want to benefit from deep liquidity, high leverage, and excellent order execution. This account charges a $3.5 commission per lot, but spreads can be as low as 0 pip. The minimum deposit required to open a Raw Account is $100, and the minimum trade size is 0.01 (depending on the instrument).

Both account types offer a wide range of base currencies and deposit methods, including credit/debit cards, bank transfers, and e-wallets. EightCap accepts deposits in 17 currencies from 13 payment processors, making it easy and convenient to fund your account.

Withdrawal

EightCap makes it easy to withdraw your funds quickly and securely. You can withdraw funds from your account at any time by logging in to the secure client portal and selecting the withdrawal option.

Withdrawal Fees

EightCap does not charge any withdrawal fees. However, some payment processors may charge a fee for withdrawals. It is important to check with your payment processor to determine if any fees will be charged.

Overall, EightCap offers a range of account types to suit the needs of traders of all levels. With deep liquidity, high leverage, and excellent order execution, EightCap is a trusted and reliable broker for CFD trading.

Trading Conditions

When it comes to trading conditions, EightCap offers a range of options to suit different trading styles and preferences. In this section, we will look at the key factors that affect trading conditions, including spreads and commissions, leverage, and trading fees.

Spreads and Commissions

EightCap offers competitive spreads and commissions on its raw account. Spreads start from as low as 0.0 pips, and commissions are charged at $3.50 per lot per side. It is important to note that spreads and commissions may vary depending on the instrument being traded, market conditions, and account type.

For traders who prefer fixed spreads, EightCap also offers a standard account. The standard account has fixed spreads starting from 1.0 pips, and no commissions are charged.

Leverage

Leverage is an important factor to consider when trading, as it can amplify both profits and losses. EightCap offers leverage of up to 1:500, which is a relatively high level compared to some other brokers. However, it is important to note that higher leverage also means higher risk, and traders should ensure they fully understand the risks involved before trading with leverage.

Trading Fees

In addition to spreads and commissions, traders should also be aware of other trading fees that may apply, such as swap fees and inactivity fees. EightCap does not charge any inactivity fees, but swap fees may apply depending on the instrument being traded and the direction of the trade. Traders should also be aware that there may be additional fees charged by third-party payment providers when making deposits or withdrawals.

Overall, EightCap offers competitive trading conditions that should suit most traders. However, it is important to carefully consider your trading style and preferences, as well as your level of experience and risk tolerance, before choosing an account type and trading with real money.

Education and Resources

EightCap provides a range of educational resources to help traders improve their skills and knowledge of the financial markets. These resources cover a variety of topics, including trading strategies, technical analysis, risk management, and more. In addition, the broker offers a range of trading tools and research and analysis resources to help traders make informed trading decisions.

Research and Analysis

EightCap provides traders with access to a range of research and analysis resources to help them stay up-to-date with the latest market developments. These resources include daily market analysis, economic calendars, and market news updates. The broker also provides traders with access to a range of technical analysis tools, including charting software and indicators, to help them identify trading opportunities.

Educational Resources

EightCap offers a range of educational resources to help traders improve their trading skills and knowledge. These resources include trading guides, webinars, and video tutorials. The broker also provides traders with access to a range of trading courses, covering topics such as technical analysis, risk management, and trading psychology. In addition, the broker offers a demo trading account, allowing traders to practice their trading strategies in a risk-free environment.

Trading Tools

EightCap provides traders with access to a range of trading tools to help them make informed trading decisions. These tools include an economic calendar, which provides traders with information on upcoming economic events that may impact the financial markets. The broker also offers a range of trading indicators, including moving averages, Bollinger Bands, and MACD, to help traders identify trading opportunities. In addition, the broker provides traders with access to a range of trading signals, which can be used to help traders make trading decisions.

Overall, EightCap provides traders with a range of educational resources and trading tools to help them improve their trading skills and knowledge. Whether you are a beginner or an experienced trader, EightCap has the resources and tools you need to succeed in the financial markets.

Customer Support

At EightCap, we believe that providing exceptional customer support is fundamental to our success. Our team of experienced and knowledgeable professionals is available 24/5 to assist you with any questions or concerns you may have. In this section, we’ll take a closer look at our customer support and highlight some of the key areas where we excel.

Customer Service

Our customer service team is committed to providing you with the best possible trading experience. Whether you have a question about your account, need help with a technical issue, or simply want to chat about the markets, our team is here to help. You can reach us via email, phone, or live chat, and we’ll do our best to respond to your inquiries as quickly as possible.

Withdrawals

At EightCap, we understand that withdrawals are an important part of the trading process. That’s why we’ve made it easy for you to withdraw your funds whenever you need to. Simply log in to your account, select the withdrawal option, and follow the prompts. We process withdrawal requests within 24 hours, and most withdrawals are completed within 3-5 business days.

Deposits

Making a deposit at EightCap is quick and easy. We offer a variety of deposit options, including credit/debit cards, bank transfers, and e-wallets. Simply log in to your account, select the deposit option, and follow the prompts. We process deposits instantly, so you can start trading right away.

In conclusion, at EightCap, we take customer support seriously. Our team is available 24/5 to assist you with any questions or concerns you may have. We strive to make the withdrawal and deposit process as easy and straightforward as possible, so you can focus on what really matters – trading the markets.

Regulation and Security

When it comes to choosing a forex broker, regulation and security are two of the most important factors to consider. In this section, we’ll take a closer look at EightCap’s regulation and security measures.

Regulation and Licenses

EightCap is a globally regulated broker with licenses from several reputable regulatory bodies. These include the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of The Bahamas (SCB). This means that EightCap is held to high standards of transparency and accountability, and is subject to regular audits and inspections.

Security and Trust

EightCap takes security and trust very seriously. All funds deposited to EightCap are held in segregated bank accounts for security, which means that client funds are kept separate from the broker’s own funds. This provides an extra layer of protection for clients, as their funds are not at risk in the event of the broker’s bankruptcy.

In addition, EightCap offers negative balance protection, which means that clients will never owe more than their account balance. This is an important safety net for traders, as it ensures that they will not be left with a debt in the event of a sudden market downturn.

Overall, EightCap’s regulation and security measures are some of the strongest in the industry. With licenses from multiple regulatory bodies and a commitment to client security and trust, EightCap is a reliable and trustworthy broker for traders of all levels.


Frequently Asked Questions

Is Eightcap regulated?

Yes, Eightcap is a regulated broker. They are regulated by the Australian Securities and Investments Commission (ASIC) and hold an Australian Financial Services License (AFSL). This means that they are required to comply with strict regulations and standards to ensure the safety and security of their clients’ funds.

Is Eightcap a good broker?

Eightcap is a reputable broker with a good reputation in the industry. They offer a wide range of trading instruments, including forex, indices, commodities, and cryptocurrencies, and provide their clients with access to the popular MetaTrader 4 and 5 trading platforms. They also offer competitive spreads and fast execution speeds.

Is Eightcap available in the US?

No, Eightcap is not available in the US. They do not accept clients from the United States due to regulatory restrictions.

What are the fees for Eightcap?

Eightcap offers competitive spreads on their trading instruments, with typical spreads starting from as low as 0.0 pips. They do not charge any commission on trades, and there are no hidden fees or charges. However, they do charge swap fees on positions held overnight.

Who owns Eightcap?

Eightcap is owned by Eightcap Global Ltd, a company registered in Vanuatu. They also have offices in Australia, the UK, Cyprus, and the Bahamas.

What distinguishes Eightcap from other brokers?

Eightcap distinguishes itself from other brokers by offering their clients access to a wide range of trading instruments, including cryptocurrencies. They also provide their clients with fast execution speeds and competitive spreads, as well as access to the popular MetaTrader 4 and 5 trading platforms. Additionally, they offer a range of educational resources and tools to help their clients improve their trading skills.

 

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