📊 Overall Summary
Eightcap is a well‐established broker known for its competitive trading conditions and transparent fee structure. Founded in 2009 and regulated by ASIC in Australia, Eightcap offers access to a broad range of instruments including Forex, indices, shares CFDs, commodities, metals, and a limited selection of cryptocurrencies.
With both Standard (commission‐free) and ECN (commission‐based) account types, traders can choose a cost model that suits their strategy. The broker supports industry‐standard platforms like MetaTrader 4 and MetaTrader 5—and integrates TradingView for advanced charting—plus offers a robust mobile app.
Client funds are kept in segregated accounts with negative balance protection, ensuring security. Overall, Eightcap provides a flexible, cost‐effective trading environment suitable for beginners and experienced traders alike.
| Feature | Details |
|---|---|
| Overall Score |  4.0/5 (Trusted) |
| Trustpilot Score | 4.2/5 (Trusted) |
| Regulation | Regulated by ASIC (Australia) |
| Minimum Deposit | Approximately $100 (Standard Account) |
| Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView |
| Range of Investments | 70+ Forex pairs, global indices, shares CFDs, commodities, metals, and limited cryptocurrencies |
| Inactivity Fee | Generally none; subject to specific account terms |
| Leverage | Up to 1:500 on Standard accounts; ECN accounts offer raw spreads with a commission |
| Client Fund Protection | Client funds held in segregated accounts with full negative balance protection |
👍👎 Pros & Cons
This section summarizes Eightcap’s strengths and weaknesses. On the plus side, traders enjoy competitive, low spreads (with the option of raw spreads on ECN accounts), a choice between commission‐free and commission‐based models, and access to MT4, MT5, and TradingView.
Excellent customer support and a free demo account further add to its appeal. On the downside, the minimum deposit is typically higher (around $100), and its product range—especially in cryptocurrencies—is somewhat limited. Additionally, Eightcap does not offer a proprietary platform, relying instead on industry‐standard solutions.
| Pros | Cons |
|---|---|
| Competitive low spreads; option for raw spreads on ECN accounts | Minimum deposit generally around $100 |
| Choice between commission‐free Standard and commission‐based ECN accounts | Limited selection of cryptocurrencies |
| Access to MT4, MT5 and TradingView for advanced charting | No proprietary trading platform |
| Excellent customer support and free demo account | Educational resources are solid but could be expanded further |
📜 Licenses
Eightcap is primarily regulated by the Australian Securities and Investments Commission (ASIC), ensuring high standards in client protection and transparency.
| Regulator | Jurisdiction | Key Protections |
|---|---|---|
| ASIC | Australia | Strict oversight, client fund segregation, negative balance protection |
💼 Range of Investments
Eightcap offers a diverse range of tradable assets designed to cater to various trading strategies. With over 70 Forex pairs, major global indices, CFDs on shares, commodities, and metals, plus a limited range of cryptocurrencies, traders can diversify their portfolios effectively.
| Asset Class | Available? | Details |
|---|---|---|
| Forex | Yes | 70+ currency pairs including majors, minors, and select exotics |
| Indices | Yes | Major global indices from the US, Europe, and Asia |
| Commodities | Yes | Includes oil, gold, silver, and agricultural products via CFDs |
| Shares (CFDs) | Yes | CFDs on popular stocks from key global markets |
| Metals | Yes | Trading in gold, silver, and other precious metals |
| Cryptocurrencies | Yes | Limited selection of major digital currencies (e.g., Bitcoin, Ethereum) |
| Vanilla Options | Yes | Available on select Forex and metals for risk management |
| Futures | Yes | Certain futures contracts available through CFDs |
💰 Commissions & Fees
Eightcap employs a transparent fee structure. Standard accounts are commission‐free with costs incorporated into competitive spreads, while ECN accounts offer raw spreads accompanied by a commission (typically around $3–$4 per lot round turn). Deposits and withdrawals incur no fees from Eightcap, though third‐party charges may apply. Inactivity fees are generally not charged.
| Fee Type | Details |
|---|---|
| Forex/CFD Trades | Standard: commission‐free with competitive spreads; ECN: raw spreads plus a commission (around $3–$4 per lot round turn) |
| Options | Pricing is built into the product structure |
| Inactivity Fee | Typically none; refer to specific account terms |
| Deposit/Withdrawal Fees | No fees charged by Eightcap (any third‐party fees are borne by the trader) |
📱 Mobile Trading Apps
Eightcap’s mobile trading apps (for both iOS and Android) provide full functionality of its MT4 and MT5 platforms. These apps include advanced charting tools, a wide array of technical indicators, and support for multiple order types, ensuring that traders can manage their positions effectively while on the move.
| Feature | Details |
|---|---|
| Platforms | MT4 and MT5 mobile apps available for iOS and Android |
| Charting | Advanced charting tools with full indicator and drawing tool support similar to desktop platforms |
| Order Types | Supports market, limit, and stop orders with comprehensive mobile functionality |
| Limitations | No separate proprietary mobile app; functionality mirrors the MT4/MT5 desktop versions |
🖥️ Other Trading Platforms
Eightcap offers industry‐standard desktop trading platforms to meet various trader needs. Clients can choose between MetaTrader 4 and MetaTrader 5, which offer robust charting, automated trading, and Expert Advisor support. Additionally, TradingView is accessible via the web for traders who prefer advanced social and charting features.
| Platform | Details |
|---|---|
| MetaTrader 4 (MT4) | Popular platform for automated/manual trading with extensive charting and EA support |
| MetaTrader 5 (MT5) | Enhanced platform with additional order types and improved analytical tools |
| TradingView | Web‐based advanced charting platform with social trading features |
🔍 Research & Analysis
Eightcap provides a suite of research tools and market analysis resources to help traders stay informed. Daily market news updates, an integrated economic calendar, and access to third‐party trading signals via TradingView empower traders with timely insights. In‐house research reports and analysis articles further support strategic decision-making in dynamic market conditions.
| Tool/Resource | Details |
|---|---|
| Market News | Daily updates covering global financial events and market trends |
| Economic Calendar | Integrated calendar detailing major economic releases and indicators |
| Trading Signals | Access to third‐party signals via TradingView for actionable insights |
| In‐house Analysis | Regular research reports and commentary available on the Eightcap website |
🎓 Education
Eightcap is committed to trader education by offering a variety of resources. These include live webinars, video tutorials, detailed articles, and free eBooks that cover topics from basic Forex fundamentals to advanced technical analysis.
A free demo account is also available for practice, enabling traders to build confidence and refine their strategies before trading live.
| Resource | Details |
|---|---|
| Webinars | Regular live sessions covering trading strategies, market analysis, and platform navigation |
| Video Tutorials | A series of instructional videos on using MT4/MT5, charting, and risk management techniques |
| Articles & eBooks | Comprehensive educational materials and guides covering fundamentals and advanced trading concepts |
| Demo Account | Free demo account available for hands‐on practice and skill development |
🌍 Regional Restrictions
Regional restrictions indicate where Eightcap is available. As an Australian broker regulated by ASIC, Eightcap does not accept U.S. residents.
In the European Union, trading is available with leverage restrictions (capped at 1:30). Generally, Eightcap offers global access with some localized restrictions, so prospective clients should check regional eligibility on the website.
| Region | Availability | Notes |
|---|---|---|
| United States | Not available | U.S. residents are prohibited due to regulatory restrictions |
| Europe | Available | Full trading access with leverage capped at 1:30 for EU clients |
| Asia-Pacific | Available | Trading conditions vary by local regulation |
| Other Regions | Global access | Some regions may have specific restrictions; check the broker’s website for details |
🆚 Broker Comparisons
Below is a side-by-side comparison of Eightcap with other leading brokers such as IC Markets, Forex.com, and IG.
This table highlights key features like platform offerings, commission structures, range of instruments, regulatory oversight, and educational resources, enabling you to see where Eightcap stands out.
| Feature | Eightcap | IC Markets | Forex.com | IG |
|---|---|---|---|---|
| Trading Platforms | MT4, MT5, TradingView | MT4, MT5, cTrader | Proprietary, MT4/MT5 | Proprietary platforms |
| Commission Structure | Standard: commission‐free; ECN: commission-based (raw spreads) | Low commission with raw spreads | Low commissions with integrated spreads | Competitive commission‐free pricing |
| Range of Instruments | 70+ Forex pairs, indices, shares CFDs, commodities, metals, limited cryptos | Wide range including Forex, stocks, indices, commodities, crypto | Broad product offering across Forex, stocks, and more | Extensive range including Forex, CFDs, stocks, options, etc. |
| Regulation | ASIC (Australia) | ASIC, CySEC, FCA | Regulated by NFA, CFTC, FCA | Regulated by FCA and others |
| Educational Resources | Good webinars, video tutorials, articles, demo account | Comprehensive educational materials | Extensive educational content | Robust educational platform |
🎯 Why Choose Eightcap?
Eightcap stands out with its competitive, low‐spread trading conditions and flexible account options. The broker offers both commission‐free Standard accounts and ECN accounts that provide raw spreads with commission, catering to various trading styles.
Its robust regulatory oversight by ASIC guarantees high safety standards, while the range of platforms (MT4, MT5, TradingView) ensures reliable execution and advanced charting.
Additionally, Eightcap provides solid educational resources and a free demo account, empowering traders to improve their skills.
Although U.S. residents are not accepted and the cryptocurrency offering is limited, Eightcap’s transparent fee structure, strong customer support, and comprehensive product suite make it an attractive option for both novice and experienced traders worldwide.
🎯 Final Recommendations
Overall, Eightcap is an excellent broker for those seeking a secure, cost‐effective trading environment with flexible account options. With its transparent commission structure—offering both commission‐free and ECN account choices—traders can optimize their trading costs.
The use of industry‐standard platforms (MT4/MT5 and TradingView) provides robust functionality, while the extensive range of tradable instruments supports diversified trading strategies.
Strong regulatory oversight by ASIC, comprehensive educational resources, and reliable customer support further enhance its appeal. Although regional restrictions limit access for U.S. residents and the cryptocurrency selection is modest, Eightcap remains a top contender for traders who value competitive spreads, quality execution, and a supportive learning environment.
