Eightcap positions itself as a global provider of trading technology, offering customized solutions not only to retail traders but also to businesses. Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch. The broker delivers quality educational resources through Eightcap Labs and the Eightcap Trade Zone, with nearly 300 articles, eBooks, and regular webinars. Content is divided into beginner, intermediate, and advanced levels, offering something for every stage of a trader’s journey. Eightcap’s economic calendar powered by AI (via Acuity) has an educational component helps traders assess upcoming events with real-time news and impact analysis.
Traders may also use the TradingView mobile app, which connects to Eightcap. Significantly, Eightcap’s FCA-regulated entity in the UK is the only dedicated, specialist TradingView broker in the United Kingdom. It is also worth noting that while the UK entity offers CFD trading on over 600 markets across forex, indices, commodities, and shares, it does not offer crypto CFD trading. For over a decade, DailyForex has been the trusted Forex broker authority, establishing an unrivalled reputation for rigorous research and journalistic integrity. With a methodology refined through years of industry experience, we empower traders to make informed decisions, which is particularly important when trading high-risk investments such as penny stocks. Discover more about our comprehensive review process and how we maintain transparency and impartiality here.
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Eightcap provides access to the world’s most eightcap broker review popular platform—MetaTrader 4. MT4 offers a wide set of technical analysis tools, support for Expert Advisors and custom indicators, and a user-friendly interface that can be configured to personal preferences. For those who want to test the platform or practice a strategy without financial risk, Eightcap offers a free 30-day demo account.
The company is registered in Australia and regulated by ASIC, and also holds licenses from the FCA (United Kingdom), CySEC (Cyprus), and SCB (Bahamas). Verified traders can withdraw all their money from Eightcap after they close all open positions and wait for trades to settle to show a cash balance in their Eightcap trading account. Eightcap offers a choice of two account types with differing execution models. Standard brokers are not strictly speaking market makers but tend to offer similar pricing and execution to market makers. While it expires after 30 days, traders may request an unlimited one by contacting customer support. However, the various payment providers may charge their own transaction fees.
What are the support hours for live chat?
MT4 can only handle crypto pairs that operate through a central exchange. There are too many coins to list here but if you take a look at the crypto section of this review, you can find the list. It asked me for some personal data, but I was able to create an account fast. If you are located outside of these areas, you can register with the broker’s global branch regulated by the Securities Commission of The Bahamas (SCB). Eightcap’s execution speeds for limit and market orders stand at 143 milliseconds (ms) and 139 ms, respectively, which are closely aligned with the industry average of 143 ms for limit orders and 149 ms for market orders. As someone who spends 4-5 hours daily analyzing charts, TradingView has become my ultimate technical analysis hub.
Minimum Deposit and Account Types
Traders just need to go to their client area, select the payment option, select the trading account from which to withdraw funds, and confirm the details. Opening an account takes a few minutes and follows well-established industry standards. The mandatory account verification, as stipulated by regulators in compliance with global AML/KYC rules, usually takes a few hours and can take up to 24 hours. Most traders will be verified after uploading a copy of their government-issued ID and one proof of residency document. The easy-to-use Eightcap MT4/MT5 mobile apps are ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Despite supporting technical analysis, mobile apps are better for portfolio management than for complex trade analysis, given the relatively small screen.
Deposit and Withdrawal
Within seconds, their support agent responded clearly, confirming the threshold and even guiding me to the fee-free deposit options, a seamless experience that showcased their efficiency. Considering EightCap’s strong regulation, solid reputation since inception, and positive client reviews, it stands as a trustworthy broker for traders seeking a secure trading environment. Eightcap offers tight raw spreads, with their lowest spread being 0.06 pips for the USD/JPY pair and 0.20 pips for the USD/CAD pair. This account type is best suited in my opinion for high-volume traders, as even scalps can benefit from the low spreads offered by Eightcap. Blain Reinkensmeyer has 20 years of trading experience with over 2,500 trades placed during that time.
It fully replicates real trading conditions and allows you to get acquainted with the functionality of MetaTrader 4 and MetaTrader 5 without risking your own capital. Eightcap also has a market analysis page offering insights on the trading day. The page is divided into Crypto News, CFD News, Forex News, and Market Updates.
Mobile Trading Apps
This includes investor protections, transparent pricing practices, and responsible operations under license AFSL , making it a trusted broker for Australian residents. He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018. Eightcap is legal, well-regulated, and has an excellent track record, positioning it among the leading Forex brokers. Eightcap offers more than 800 assets across Forex, commodities, equity, and index CFDs. Eightcap Labs can help traders develop their skills with a comprehensive collection of essential materials, expertly designed by professional traders. I went to the live platform to see typical spreads during the London and New York Overlap.
- The broker offers modern tools such as an AI-Powered Economic Calendar and the FlashTrader plugin for MT5 that help manage risk and analyze news.
- It is regulated by one tier-1 regulator (highest trust) and one tier-3 regulator.
- Both live account types require a $100 minimum deposit and support all base currencies.
- Eightcap is regulated by 🇦🇺 ASIC, 🇬🇧 FCA, 🇨🇾 CySEC, and 🇸🇨 SCB, offering traders a secure and trustworthy trading environment.
- For beginners, Eightcap Labs provides structured learning paths with content tailored to foundational concepts.
Each year we publish tens of thousands of words of research on the top forex brokers and monitor dozens of international regulator agencies (read more about how we calculate Trust Score here). Eightcap offers two account types across its global entities, including those licensed in Australia, the Bahamas, the U.K., and Cyprus. The commissions and fees you pay will depend on whether you choose the commission-based Raw account or the spread-only Standard account. Eightcap provides 24/5 live chat support, ensuring you can get real-time assistance during trading hours across global markets, Monday to Friday.
Eightcap offers competitive standard spreads, starting at 1 pip for EUR/USD, EUR/GBP, and GBP/USD, making it a great option for those wanting low commission-free spreads. Compared with other top brokers, Eightcap maintains its competitiveness across various currency pairs with lower average spreads than Pepperstone, OANDA, and Plus500. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. At ForexBrokers.com, our online broker reviews are based on our collected quantitative data as well as the observations and qualified opinions of our expert researchers.
- Eightcap Labs is a comprehensive educational platform designed to support traders at all levels.
- As a result, it appeals to those seeking cost efficiency and those focusing on particular strategies.
- Our ratings, rankings, and opinions are entirely our own, and the result of our extensive research and decades of collective experience covering the forex industry.
- The content is top-notch and offers beginners trading ideas, while seasoned traders get a quality read.
- Born from a vision to democratize trading, Eightcap emerged as an Australian fintech broker more than a decade ago, carving its niche in the dynamic world of CFDs.
The Raw account spreads are ideal for scalpers, and high-frequency traders, while the Standard account is commission-free but features higher trading fees. Eightcap traders can access regularly published in-house research, while new traders can access an educational section filled with first-class content. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence. Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money.
Asset List and Leverage Overview
After carefully examining the reviews, we found that most of them are genuine, provided by real users sharing their real-life trading experiences. Yes, Eightcap offers VPS services for traders who need stable and fast connections, especially for automated strategies. Support is available Monday to Friday during business hours via phone and email, and via live chat you can get real-time help 24/5, matching the schedule of global financial markets.
They are user-friendly and optimized for mobile devices and touch screens but lack secure two-step or biometric logins. Since MT4 is the most-used mobile trading platform, my review focused on it, but social traders can consider TradingView, with 30M+ active traders. Our aim was to provide an objective and up-to-date evaluation, focusing on the aspects most relevant to traders, including platform usability, product range, regulatory compliance, and educational resources. This approach ensures that our review offers valuable insights for traders considering Eightcap as their broker. During hands-on testing, I also found that Eightcap overall had one of the lowest fees for their ECN account (raw account) and a great selection of trading platforms, offering the best in the market. This can be combined with Capitalise.ai for code-free trading automation.