Eightcap Review
5.0/5

Eightcap Review

Eightcap is a regulated broker offering online trading on over 200 CFD instruments including forex, stocks, cryptos and commodities. The broker provides the ever popular, powerful and user-friendly MetaTrader (MT4/MT5) trading platforms. They offer low trading fees and tight spreads along with excellent customer support, managed accounts and market analysis to assist traders. There are a variety of quick and convenient funding options available with flexible account leverage of up to 1:500 to choose from.
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Eightcap Review, Pros & Cons

Eightcap is a regulated dealer providing over 200 CFD buying and selling devices on the user-friendly MetaTrader platforms together with Forex, Stocks, Indices, Cryptos & Commodities. The dealer has low fee charges, tight spreads, 1:500 leverage, speedy execution speeds, quick & free funding choices, buying and selling instruments, instructional supplies, managed accounts & {industry} main buyer assist.

Pros
  • Regulated dealer
  • Low fee charges
  • Commission free accounts
  • Tight spreads
  • Over 200+ buying and selling devices
  • Top-tier liquidity suppliers for speedy commerce execution speeds
  • Minimum $100 deposit
  • Various fast & simple account deposit & withdrawal choices
  • Popular, highly effective & versatile MetaTrader 4 & MetaTrader 5 platforms
  • MAMM accounts
  • Market information & evaluation
  • Educational assets to assist merchants
  • Multilingual & top-class buyer assist workforce
  • Cons
  • No fastened unfold accounts
  • Do not permit purchasers from over 35 international locations together with USA
  • Demo account expires after 30 days
  • In this detailed Eightcap evaluate, our on-line dealer analysis workforce have coated a number of the most vital facets so that you can contemplate when selecting the very best dealer in your on-line buying and selling wants.

    Eightcap Review

    Eightcap is a regulated dealer providing on-line buying and selling on over 200 CFD devices together with foreign exchange, shares, cryptos and commodities. The dealer offers the ever common, highly effective and user-friendly MetaTrader (MT4/MT5) buying and selling platforms. They supply low buying and selling charges and tight spreads together with wonderful buyer assist, managed accounts and market evaluation to help merchants. There are a wide range of fast and handy funding choices out there with versatile account leverage of as much as 1:500 to select from.

    • Min: $100 Deposit
    • Regulated: ASIC, VFSC
    • Country: Australia
    • Operating Since: 2013
    • Type: STP, ECN
    • Platforms: MetaTrader 4, MetaTrader 5, Web, Mobile
    • Type: STP, ECN

    Eightcap Broker Features

    Established in Melbourne, Australia in 2009, Eightcap was launched with a mission to supply distinctive monetary providers to a worldwide clientele. The dealer offers entry for on-line buying and selling of foreign exchange and CFDs in a contemporary and safe buying and selling atmosphere. Eightcap’s web site is accessible in a number of languages, exhibiting the brokers assist for a world clientele.Eightcap presents foreign exchange foreign money pairs, indices, commodities and cryptocurrencies for buying and selling on the MetaTrader platforms through internet, desktop and cell apps. All buying and selling types are allowed together with scalping, hedging and the usage of skilled advisors (EAs) which automates foreign exchange/CFD buying and selling.

    Eightcap Broker Ratings

    Eightcap has its buying and selling servers situated at Equinix information centres that are extremely popular as a result of most main monetary establishments host their servers in these amenities. Pricing is aggregated from top-tier liquidity suppliers. This is why the dealer is ready to supply uncooked spreads ranging from 0.0 pips and there’s no dealing desk. This helps to make sure speedy commerce execution speeds at the very best out there costs.

    Eightcap Broker Features

    Eightcap Regulation

    Eightcap is the buying and selling model of Eightcap Pty Ltd which is registered in Australia with the quantity: ABN 73 139 495 944. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License quantity 391441. Eightcap Global Ltd (Vanuatu) regulated by the Vanuatu Financial Services Commission (VFSC) with firm registration no. 40377.

    Clients’ funds are held within the top-rated banks and thoroughly segregated from the dealer’s personal funds. These funds are saved within the ‘National Australia Bank’ which is an AA rated financial institution with greater than 30 years of operations, over 1,590 branches and a consumer base of about 12.7 million. To guarantee compliance, all information are audited by exterior auditors.

    Eightcap has additionally bought an insurance coverage cowl with the intention to additional defend itself and its purchasers from the dangers related to the brokerage enterprise.

    The dealer’s web sites and servers are protected by a 128-bit Secured Socket Layer (SSL). This expertise encrypts all person info earlier than it’s transmitted over the web. This offers additional safety to the purchasers because it offers additional safety and reliability to the community.

    Eightcap Countries

    Currently, Eightcap doesn’t course of purposes from purchasers resident within the following international locations: Afghanistan, Azerbaijan, Belgium, Bosnia and Herzegovina, Burundi, Canada (British Columbia, Quebec and Ontario), Congo, CĂŽte d’Ivoire, Ethiopia, Eritrea, Egypt, Gaza Strip, Haiti, Iran, Iraq, Israel, Japan, Lebanon, Libya, Myanmar, North Korea, Pakistan, Puerto Rico, Sierra Leone, Somalia, South Sudan, Sudan, Syria, Trinidad and Tobago, the Central African Republic, Tunisia, Ukraine, Vanuatu, Venezuela, the United States of America, West Bank, Yemen and Zimbabwe.

    Some Eightcap dealer options and merchandise talked about inside this Eightcap evaluate might not be out there to merchants from particular international locations as a consequence of authorized restrictions.

    Eightcap Platforms

    Eightcap offers the {industry} normal MetaTrader platforms for all its purchasers. All the variations of the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms can be found. Both platforms had been developed by ‘MetaQuotes Software Corporation’ which is a Russian software program firm based mostly in Cyprus. MT4 was launched in 2005 whereas MT5 was launched in 2010. Today, MetaTrader has remained amongst the most well-liked buying and selling platforms used all around the world by many on-line brokers and merchants. The platform is user-friendly sufficient for newbie merchants while having sufficient superior performance to fulfill the wants of essentially the most demanding merchants.

    Eightcap offers the next MetaTrader platform variations:

    • MT4 Desktop software for Windows
    • MT4 for MAC OS
    • MT4 Mobile Android app
    • MT4 Mobile iOS app
    • MT5 WebTrader
    • MT5 Desktop Application for Windows
    • MT5 for MAC OS
    • MT5 Mobile Android app
    • MT5 Mobile iOS app

    The WebTrader runs immediately in internet browsers and might be accessed from Eightcap’s web site. It can be utilized in most trendy internet browsers throughout a number of units and working methods, with no need to obtain or set up any further software program.

    The cell variations of each MT4 and MT5 look very related with intuitive interfaces making them user-friendly. Both can be utilized to observe the markets, place and modify trades and to conduct indepth technical evaluation throughout all markets. They are freely downloadable from the related app shops for iOS and Android units. The cell buying and selling apps are helpful for many who must entry their account and commerce the markets while on the go.

    Eightcap MetaTrader 4

    The desktop variations of MT4 and MT5 additionally look very a lot alike. The main distinction is that the MT5 platform was designed to enhance on the present options of MT4. Both platforms present the dwell devices’ quotes, assist ultra-swift commerce executions, detailed charting and evaluation. Both assist the usage of skilled advisors (EAs) to automate buying and selling and likewise give entry to the MetaTrader markets. Here are a number of the key variations between the platforms:

    • MT4 has 4 pending order sorts whereas the MT5 has 6.
    • MT4 comes preloaded with 30 technical indicators however the MT5 comes with 38.
    • The analytical instruments constructed into MT4 are 24 while MT5 has 44.
    • In MT4, charts might be displayed in 9 timeframes while MT5 has 21 timeframes.
    • MT5 has an embedded financial calendar which is absent in MT4.

    Eightcap MetaTrader 5

    Eightcap Trading Tools

    MAM

    Eightcap offers a multi account administration (MAM) software program that’s sturdy and scalable to satisfy the wants of all purchasers. The software program works with the MT4 or MT5 buying and selling platforms. It is totally customizable to satisfy the necessity of all varieties of managers. The MAM software program answer is quick and runs on the server. The account managers can commerce a number of accounts on the similar time with only one click on. They also can use a number of buying and selling methods together with the deployment of skilled advisors (EAs). Each particular person consumer account might be customised in line with fee, leverage, efficiency charges, account foreign money, and so on.

    Eightcap Multi Account Management (MAM)

    Market News & Analysis

    This part of the Eightcap web site appears to be like at financial occasions, market information and updates in addition to analysts’ feedback and predictions. This is ready by Eightcap’s analysts in three subsections which embrace market updates, foreign exchange information and CFD information.

    Eightcap Market News

    Economic Calendar

    This is a vital device used for basic evaluation. The calendar reveals the dates and instances of worldwide financial occasions and their predicted impacts on currencies. The financial calendar is a part of the instruments which might be carried out throughout the MT5 buying and selling platform.

    Eightcap Education

    Several coaching articles can be found on the Eightcap web site. The articles had been ready by Eightcap’s workforce of analysts. They incorporate diagrams, footage and a number of examples to assist merchants improve their data and abilities.

    The ‘Fundamentals’ part comprises articles on the fundamentals of foreign currency trading. It introduces foreign currency trading, shares, unfold, pips, swap charges, charts, and so on.

    The MetaTrader Guides comprises articles on the MetaTrader platforms together with ‘how to install EAs’, open and shut trades, allow one-click buying and selling, and so on.

    The ‘Trading Strategy’ part comprises articles on how one can use varied indicators. Some of the symptoms are Elliot waves, MACD indicator, Bollinger Bands, and so on. It additionally appears to be like in danger administration, buying and selling methods and buying and selling psychology.

    Eightcap Review Trading Education

    Eightcap Instruments

    Eightcap presents 40 main and minor Forex pairs, Commodities (Gold, Silver and Oil), a number of the world’s largest Stocks and Indices together with Cryptocurrencies. There are over 200 CFDs out there for buying and selling on the MT4 and MT5 platforms respectively.

    Eightcap Stock Indices

    Eightcap Accounts & Fees

    For all buying and selling accounts, the minimal opening stability is $100. Accounts are free to arrange with no ongoing upkeep prices. Spreads begin from simply 0 pips while there’s a fee free account. Both accounts permit automated buying and selling with skilled advisors (EAs), hedging and scalping methods.

    Raw Account

    This account options spreads from 0.0 pips however purchasers are charged a small fee of $3.5 for each lot traded. The typical unfold for the EURUSD is 0.00-1.0 pips. The account is created for skilled and excessive quantity merchants. The account options uncooked interbank pricing with no unfold mark-ups. The most leverage is 1:500.

    Standard Account

    This account is designed for brand spanking new and skilled merchants. It options normal spreads which vary from 0.5-1.8 pips for the EURUSD foreign money pair. The most leverage is 1:400. No commissions are charged because the buying and selling charges are included into the unfold fees.

    Eightcap Trading Account Types

    Demo Account

    Demo accounts are supplied for all platforms. It is preloaded with digital cash, permitting merchants to check the totally different buying and selling platforms and observe their buying and selling methods threat free earlier than opening an actual dwell buying and selling account.

    Eightcap Support

    The Eightcap wonderful buyer assist workforce is accessible 24/5. They are immediate, well mannered and environment friendly of their responses. The assist desk might be reached by electronic mail, cellphone and internet chat. They are comfortable to reply your entire technical, common and account associated questions. The assist workforce speaks Thai, English and Chinese. Eightcap is on social media through the next platforms; Facebook, Twitter, LinkedIn and YouTube.

    Eightcap Deposit & Withdrawal

    • Bank Wire Tansfers: This methodology is universally out there. It takes 3-5 days to utterly course of a financial institution switch. For withdrawals, Eightcap processes the request inside 24 hours. There are not any withdrawal charges for Australian banks however worldwide withdrawals are charged a charge by the banks. This charge is roughly $20 and it’s handed to the consumer.
    • Credit/Debit Cards: Only Visa and MasterCard are accepted. The deposit restrict is $10,000. Card verification is required earlier than it may be used for deposits. For withdrawals, solely the quantity deposited from a card might be returned to the identical card. Card deposits are free and immediate whereas withdrawals take as much as 3-20 days relying on the kind of card and site of the consumer.
    • Online Payments: The on-line funds accepted are POLi, BPAY, Skrill, Neteller and China UnionPay. The transactions are processed immediately aside from Skrill and BPAY which takes 1-2 working days to course of. There are not any transaction fees. For withdrawals, funds deposited through Skrill might be withdrawn to the identical Skrill account. There could also be charges from third celebration fee processors.

    Eightcap Broker Funding Options

    Some fee methods could have transaction limits, restrictions, and necessities that are indicated on their respective web sites. You could must confirm your account to take away limits on explicit strategies in some international locations. Eightcap strictly doesn’t settle for third-party funds. All funds deposited into your buying and selling account should be underneath the identical title as your Eightcap buying and selling account.

    Accounts might be opened AUD, USD, GBP, NZD, SGD, CAD, EUR. The totally different foreign money choices are helpful as foreign money conversion charges don’t apply when utilizing an account in your individual foreign money.

    As dealer charges can fluctuate and alter, there could also be further charges that aren’t listed on this Eightcap evaluate. It is crucial to make sure that you verify and perceive all the newest info earlier than you open an Eightcap dealer account for on-line buying and selling.

    Eightcap Account Opening

    It is fast and simple to open a buying and selling account with Eightcap. To register a brand new buying and selling account with Eightcap, go to the web site and click on on ‘Create Account’ discovered on the highest aspect on each web page. The type under shows.

    Eightcap Account Opening Form

    You are required to fill the account kind, private particulars, state the funding supply and your buying and selling expertise. Next is to just accept the phrases and situations and eventually add verification paperwork.

    It is crucial to make sure that when you find yourself going by a dealer software, you clearly learn all the dealer’s phrases, situations, and insurance policies. Only proceed when you totally perceive and comply with them.

    Eightcap Summary

    Eightcap is a longtime on-line dealer that has been offering on-line buying and selling providers for over a decade. It is a regulated model that wishes the very best for its prospects. In addition to complying with the directives of the regulators, the dealer has bought an extra insurance coverage coverage in case of any eventuality.

    They supply the tried and examined MetaTrader platforms. The MT4 and MT5 platforms are sturdy, scalable and loaded with a number of buying and selling instruments that may profit all sorts and expertise ranges of merchants. The dealer additionally permits all buying and selling methods which can maximize the capabilities of the platforms.

    There are over 200 CFD devices to commerce throughout varied asset courses together with foreign exchange, shares, indices, commodities and cryptos. Spreads begin from simply 0 pips whereas the minimal deposit required is $100. Commission charges are low and pricing aggregated from top-tier liquidity suppliers permits speedy commerce execution speeds at the very best costs. Leverage of as much as 1:500 is accessible.

    Eightcap has a top-class buyer assist workforce who’re readily available to reply your entire questions in a pleasant method. There are managed accounts for cash managers and traders. In addition to this, the dealer has an enormous array of instructional supplies and buying and selling instruments to assist merchants and encourage knowledgeable buying and selling.

    Margin buying and selling includes a excessive degree of threat, and might not be appropriate for all traders. You ought to rigorously contemplate your goals, monetary state of affairs, wants and degree of expertise earlier than coming into into any margined transactions with Eightcap, and search unbiased recommendation if obligatory. Forex and CFDs are extremely leveraged merchandise which imply each beneficial properties and losses are magnified. You ought to solely commerce in these merchandise when you totally perceive the dangers concerned and may afford losses with out adversely affecting your way of life (together with the danger of dropping considerably greater than your preliminary funding).

    Eightcap Review Details

    Comissions
    Regulation
    Exchange
    Trading
    5.0
    Price & Leverage
    5.0
    Trading Options & Tools
    5.0
    Comisions & Payment options
    5.0
    Customer Support
    5.0 Overall Rating
    Eightcap Review
    5.0 rating
    5.0/5
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