8cap Broker

[Arleen Smelko]

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Eightcap is considered Trusted, with an overall Trust Score of 85 out of 99. Eightcap is not publicly traded, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulators (High Risk). Eightcap is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system. Learn more about Trust Score or see where the different Eightcap entities are regulated.

Cryptocurrency: Cryptocurrency trading is available at Eightcap through CFDs, but not available through trading the underlying asset (e.g. buying Bitcoin). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents.

Eightcap offers two account types across its global entities, including those in Australia, and the Bahamas. The commissions and fees you pay will depend on whether you choose the commission-based Raw account or the spread-only Standard account.

Apps overview: Eightcap offers the MetaTrader platform suite; iOS and Android versions of the MT4 and MT5 app are both available for download from the Apple App Store and Google Play store, respectively. In addition, the popular TradingView mobile app, widely known for its powerful charting capabilities, is available at Eightcap. Learn more by checking out our TradingView guide. FeatureEightcapAndroid AppinfoYes Apple iOS AppinfoYes Mobile Alerts - Basic FieldsinfoYes Watchlists - Total Fieldsinfo7 Watchlist SyncinginfoYes Charting - Indicators / Studies (Total)info30 Charting - Drawing Tools (Total)info15 Mobile Charting - Draw TrendlinesinfoYes Mobile Charting - Multiple Time FramesinfoYes Mobile Economic CalendarinfoYes Other trading platformsEightcap offers the full MetaTrader platform suite (both MetaTrader 4 and the newer MetaTrader 5), as well as popular tools from third-party providers like TradingView and BK Crypto Crusher (available to clients who deposit at least $500). It also supports Capitalise.ai, allowing the integration of algo trading software within your MetaTrader 4 (MT4) account.

Learning center: Eightcap offers just a dozen educational videos, and a handful of archived webinars, such as its TraderFest series which covers CFDs and forex. These videos are archived on its YouTube channel and organized by playlist. The selection of written educational content articles has improved, and includes at least 74 articles covering fundamentals and trading strategies, following the launch of Eightcap Labs.

By offering various platform plug-ins and granting access to third-party tools like Capitalise.ai, Eightcap has taken strides to improve on the standard MetaTrader platform suite. Eightcap also offers more cryptocurrency pairs than nearly every other broker we reviewed, helping it win our 2024 Annual Award for #1 Most Cryptos.

Eightcap was established in 2009 in Melbourne, Australia, and holds an Australian Financial Service License (AFSL) with the Australian Securities & Investment Commission (ASIC). Eightcap's U.K. entity, Eightcap Group Ltd, is authorised and regulated by the Financial Conduct Authority (FCA), and its EU entity is authorised by the Cyprus Securities and Exchange Commission (CySEC). Finally, in the offshore island nation of the Bahamas, Eightcap Global Pty Ltd holds regulatory status with the Securities Commission of the Bahamas (SCB).

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There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. 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. Read more on forex trading risks.

Steven Hatzakis is the Global Director of Research for ForexBrokers.com. Steven previously served as an Editor for Finance Magnates, where he authored over 1,000 published articles about the online finance industry. A forex industry expert and an active fintech and crypto researcher, Steven advises blockchain companies at the board level and holds a Series III license in the U.S. as a Commodity Trading Advisor (CTA).

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Eightcap was founded in Melbourne, Australia, in 2009 and operates under five entities globally. The ASIC-regulated Australian entity offers over 800 financial instruments with highly competitive trading costs.

Given the powerful combination of tight spreads, robust platforms, third-party tools, and VPS hosting, I rate Eightcap as most suitable for experienced, active traders and those using automated strategies.

Additionally, during my testing of Eightcap, I was assigned a dedicated account manager,, which is unusual for most CFD brokers. Having a direct contact provides a better and more personalized experience overall.

My research showed that Eightcap is well-suited for experienced traders, offering ultra-tight spreads through the Raw Account and the advanced capabilities of MT5. These include automated trading, a wide array of technical indicators, and versatile order types.

In this review of Eightcap, we focused on the Australian entity (Eightcap Pty Ltd), regulated by the Australian Securities and Investments Commission, AFSL number 391441. We conducted our tests using a Standard Account via the MetaTrader 5 platform and MetaTrader 5 mobile app.

4.2How Did We Test the Broker's Trustworthiness?How Did We Test the Broker's Trustworthiness?Assessing a broker's trustworthiness with your funds is vital. To help you make the right decision, we carefully checked each broker's regulatory license and examined how well they protect traders. Moreover, we looked at the broker's stability by studying their business history, corporate structure, and industry experience. Finally, we thoroughly reviewed all of the broker's legal documentation, including terms, conditions, and fees, and evaluated their transparency based on our analysis. Our hands-on approach ensures that even novice traders have the knowledge they need to make smart decisions.

This section will cover how the different entities of Eightcap are regulated and how this impacts you as a trader. We rate regulators on a scale of 1 to 3, with 1 reflecting the highest level of trust.

Different regulators provide different levels of protection. For example, Eightcap clients in Australia benefit from the oversight of ASIC. It requires that clients have negative balance protection, which means they cannot lose more than their deposit. Client funds must also be segregated from company funds.

In my research, Eightcap is open about its regulatory status, listing its regulator in the footer of each page of the eightcap.com website. Eightcap clearly covers its spreads and commissions in its Trading Costs section. The Client Agreement can be found on the Legal Documents page referenced in the footer.

4.7How Did We Test the Broker's Fees and Commissions?How Did We Test the Broker's Fees and Commissions?Broker commissions and fees can be challenging to understand. To simplify this for you, we carefully examined all the broker's fee-related documentation and presented it in a clear, easy-to-understand format. Furthermore, we conducted hands-on tests on spreads and commissions for the most common instruments during both London and New York trading sessions. We then compared these real-time test results to the market benchmark we've established through our extensive experience evaluating the industry.

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