Eightcap Review Is An Australian Regulated Ecn Forex Broker Who Offers Access To The Global Currency Markets With A Choice Of Trading Platforms, Including Metatrader 4 And Metatrader 5. The Broker’s Offering Is Mainly Geared Towards Professional Traders With The Option To Trade On The Metatrader 4 And Metatrader 5 Trading Platforms For Desktop, Web And Mobile And The Ability To Access Additional Tools And Indicators From Third-party Fx Blue Lab. There Is A Learning Curve To These Platforms But Beginners Will Find The Mobile Trading App The Easiest And Fastest To Trade From.the Minimum Deposit Is $200 While The Minimum Withdrawal Amount Is $50. Deposits Can Be Made Using Bank Wire Transfers, Credit/debit Cards Or E-wallet Services. The Main Drawback Is That Eightcap Does Not Offer Any Educational Resources For Traders Who Want To Learn More About Trading Or Improve Their Skillset.
Eightcap Company Details
| Headquarters | Australia |
| Regulation | ASIC, SCB |
| Platforms | MT4, MT5 |
| Demo Account | Offered |
| Minimum Deposit | $100 |
| Base Currencies | USD, AUD |
| Instruments | Currencies, oil, gold, silver, global indices, shares and cryptocurrencies |
| Customer Support | 24/5 |
Eightcap Pros And Cons
Eightcap Offers Competitive And Low Fees As They Charge No Deposit Or Withdrawal Fees. There Are Also No Inactivity Fees, A Rarity Among Forex Brokers. Eightcap Charges $5 Per 100k Tradable Currency On The All-in-one Account And Pro Account, Which Is Competitive In The Market. The Customers Can Trade On A User-friendly Mt4 And Mt5 Trading Platforms Offered By Eightcap.
PROS
CONS
- 1. We Offer The Lowest Trading Fees In The Industry.
- 2. Free Deposit And Withdrawal Available.
CONS
- 1. Limited Research Tools And Educational Resources.
- 2. Investors Are Not Protected From Losses In Their Investments.
Eightcap Accounts Types
Eightcap Offers Two Different Accounts Types The Standard Account And The Raw Account. The Key Difference Between These Accounts Is That The Standard Account Is Commission-Free With Spreads Starting From 0.5 Pips, While The Raw Account Is Commission-based, With Spreads Starting From 1 Pip. Moreover, Each Of The Eightcap Entities Operate A Specific Account Type Depending On Their Regulatory Status, Which We Describe In Detail Below This Table.
| Standard Account | Yes |
| Raw Account | Yes |
| Pro Account | No |
Eightcap Registration
Eightcap Platform & Tools
Eightcap gives you access to the MetaTrader 5 web trading platform, which is similar to MetaTrader 4, but it also has more order types. The platforms are designed with beginners in mind, but they’re hardly suitable for professionals. They are customizable, though not as extensively as at other brokers, and two-factor authentication is only available on MetaTrader 5 desktop.
| Metatrader 4 | Yes |
| Metatrader 5 | Yes |
Eightcap Copy Trading
Eightcap Copy Trading Feature Is The Best In The Market Today. The Automated Copy Trading Feature Is Designed To Help New Traders Improve Their Skills And Understanding Of The Markets. Using The Copy Trading Option, A New Trader Can Instantly Mirror The Trades Of Their More Experienced Counterparts And Benefit From Their Knowledge. Experienced Traders Who Have Consistently Good Returns Can Also Benefit From This Feature As They Can Leverage Their Skills And Experience, Potentially Earning Additional Income Via Copy Trading Fees.
Eightcap Copy Trading Features
- Copy Trading Is Another Important Facet Of Eightcap.
Eightcap Deposits
At Eightcap Deposits Are Free, As Are Most Withdrawal Methods, With E-wallet Options Also Available. The Selection Of Account Base Currencies Is Limited However To Major Currencies.it Offers A Range Of Trading Platforms For Mt4 And Mt5, Including Desktop, Web And Mobile Versions, As Well As The Option To Trade Cfds On Stocks, Commodities, Indices And Crypto.
| Credit & Debit Card | Yes |
| Bank Transfer | Yes |
| Digital Wallets | Yes |
Eightcap Withdrawal
Withdrawing Funds From Your Account Is Easy. Simply Submit A Withdrawal Request And Select Your Preferred Method Of Withdrawal. Note That The Withdrawal Options Will Depend On The Payment Methods You Have Selected. If You Would Like To Withdraw Cash, Please Use Either Bank Wire Or Debit Card. If You Would Like To Withdraw To An Ewallet, Please Use Skrill, Neteller, Or Fasapay. There Is No Fee For Deposits And Withdrawals, Meaning You Can Easily Manage Fundings, Yet Make Sure To Deposit In Your Account Base Currency To Avoid Conversion Fees.
Eightcap Minimum Deposit
The Minimum Deposit That You Can Make To Eightcap Is 100$. Keep In Mind That Eightcap Doesn’t Charge Any Internal Fees For Deposits Or Withdrawals, But You Should Be Aware Of The Fact That Payments From Non-australia Banks May Be Subject To Bank Fees And It Is Solely Your Responsibility. Also, Please Keep In Mind That Once You Withdraw Your Funds From Forex Trading Account And Send It To The Middleman, It Cannot Be Canceled Or Reversed And That Is Why You Should Always Double Check All The Details Before Withdrawing.
Eightcap No Deposit Bonus
Eightcap Brings An Excellent Opportunity To Traders Who Joined The Broker Recently. The New Clients Are Entitled To Receive $30 With The No Deposit Bonus Promotion, Available To Them For Opening A Live Trading Account. The Bonus Funds Are Designed For Trading Purposes, But After Completing The Required Lots Within A Month, The Profit Earned Can Be Withdrawn.
Eightcap Promotion
Eightcap Offers Attractive Promotions With Bonuses Such As A $30 Deposit Bonus. Read Eightcap Terms And Conditions Before Accepting A Bonus. Multi Award-Winning Mt4 & Mt5 Broker. Tight Spreads. Low Commissions. 24/5 Customer Service, Local Support And Accounts In Your Own Local Currency.
Eightcap Customer Service
Eightcap Provides Customer Support For All Inquiries Via Email, Telephone Or Live Chat. We Are Dedicated And Committed To Providing Respected And Recognized Global Trading Conditions To Our Clients And Ensure Client Funds Are Secure In A Segregated Account. With A Team Of Experts We Offer Support In Multiple Languages Including English, Chinese, Thai, Korean, French, Spanish, Italian, German, Vietnamese And Portuguese.
Eightcap Contact Details
- [email protected]
- +61 3 8375 9700
Eightcap Review Conclusion
Eightcap Provides Access To A Range Of Research Materials Under Different Categories Which Include Analysis Overview, Cfd News, Market Updates And Forex News. The Articles Provide Brief Analysis And News. However, There Are No Videos Or Webinars Available. Overall, This Is Certainly A Decent Offering With An Extensive Range Of Resources For Both New And Experienced Traders.
