EightCap

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AspectDetails
broker popularity top broker high popularity best reviews benchmark
LeverageUp to 1:500
Minimum Deposit$100
Year Established2009
RegulationASIC (Australia)
Payment methodsVisa, MasterCard, Skrill, Neteller, Bank Transfer
Publicly Traded
Employees+50
Type of BrokerECN/STP
MT4
MT5
Trading AssetsForex, Indices, Commodities, Cryptocurrencies
Demo Account
Islamic Account
CopyTrading
Signals
Deposit Fee
Withdrawal Fee
Rating★★★★
Offers Official Website

Alternative Brokers

Pros and Cons

Pros
  • Diverse Asset Selection: Access a wide range of financial instruments, including Forex, cryptocurrencies, indices, commodities, and shares.
  • Advanced Trading Platforms: Benefit from user-friendly platforms like MetaTrader 4 and MetaTrader 5, offering powerful tools for analysis and execution.
  • Tight Spreads: Enjoy competitive and tight spreads, optimizing your trading potential and profitability.
  • Educational Resources: Access extensive educational materials, including webinars, tutorials, and market analysis, to enhance your trading knowledge.
  • Regulated Broker: Trade with confidence knowing EightCap is regulated by reputable authorities, ensuring a secure trading environment.
  • Exceptional Customer Support: Receive prompt and knowledgeable support from a dedicated customer service team available 24/5.
  • Quick Order Execution: Experience rapid order execution, reducing slippage and ensuring your trades are executed at desired levels.
  • Demo Accounts: Practice your trading strategies risk-free with demo accounts, allowing you to hone your skills before trading with real funds.
  • Innovative Trading Tools: Utilize innovative tools such as Expert Advisors (EAs) and custom indicators for advanced market analysis and automated trading.
  • Partnership Programs: Explore partnership opportunities with EightCap, including Introducing Broker (IB) and Affiliate programs, allowing you to earn commissions by referring new clients.
Cons
  • Limited Cryptocurrency Variety: While cryptocurrencies are offered, the selection might be more limited compared to specialized crypto exchanges.
  • Limited Research Reports: In-depth research reports and market analysis might be less extensive compared to some larger financial institutions.
  • No Weekend Trading: EightCap’s trading hours do not extend to weekends, potentially limiting opportunities for weekend traders.
  • Limited Deposit Methods: The available deposit methods might be more restricted compared to some other brokers.
  • No Guaranteed Stop Loss: EightCap does not offer guaranteed stop loss orders, which might be a concern for traders seeking additional risk management options.
  • Variable Spreads: Spreads can widen during periods of high market volatility, impacting trading costs for users.
  • Limited Cryptocurrency Pairs: Although cryptocurrencies are available, the variety of cryptocurrency pairs might be limited compared to specialized crypto exchanges.
  • Limited Local Offices: EightCap’s physical presence might be limited in certain regions, affecting in-person customer support accessibility.
  • No Social Trading Features: It does not offer social trading features, which might be a drawback for traders interested in copy trading or social investing.
  • Limited Bonuses and Promotions: The availability of bonuses and promotional offers might be less frequent compared to some competitors.

Introduction

In the ever-evolving world of online trading, finding a reliable partner is crucial.

Meet EightCap, a leading global brokerage firm committed to empowering traders of all levels.

With a robust platform, cutting-edge technology, and a customer-centric approach, it offers an unparalleled trading experience.

Whether you’re a beginner venturing into the markets for the first time or a seasoned investor seeking advanced tools, EightCap provides the resources and support you need to thrive.

Let’s delve into the world of EightCap and discover the advantages and features that set it apart in the competitive landscape of online trading.

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Diverse Asset Selection

It offers an extensive range of tradable assets, including major and minor currency pairs, cryptocurrencies like Bitcoin and Ethereum, global indices, commodities such as gold and oil, and shares of leading companies.

This diverse selection enables traders to explore various markets and diversify their investment portfolios.

Advanced Trading Platforms

EightCap provides access to advanced trading platforms, MetaTrader 4 (MT4), and MetaTrader 5 (MT5).

These platforms are equipped with powerful tools, intuitive interfaces, and customizable features.

Traders can conduct in-depth technical analysis, execute trades with precision, and utilize automated trading strategies with ease.

Competitive Spreads

The broker offers competitive and tight spreads, ensuring that traders can enter and exit positions with minimal costs.

Low spreads enhance trading profitability, making it an attractive choice for both beginners and experienced traders.

Educational Resources

The platform offers a wealth of educational resources, including webinars, tutorials, articles, and market analysis.

These materials cater to traders of all levels, providing valuable insights, trading strategies, and market insights.

Continuous learning is encouraged, empowering traders to make informed decisions.

Regulated and Secure Environment

EightCap is a regulated broker, adhering to strict financial regulations and standards.

This regulatory oversight ensures a secure trading environment for users.

Additionally, the platform employs advanced encryption techniques to safeguard user data and financial transactions, enhancing overall security.

Exceptional Customer Support

EightCap’s customer support team is available 24/5 to assist traders with their inquiries and concerns.

The support staff is knowledgeable, responsive, and dedicated to providing timely assistance, creating a positive user experience.

Demo Accounts for Practice

It offers demo accounts, allowing traders to practice their strategies and familiarize themselves with the platform without risking real money.

Demo accounts are invaluable for beginners, enabling them to gain confidence and expertise before transitioning to live trading.

Innovative Trading Tools

Traders have access to innovative tools, including Expert Advisors (EAs) and custom indicators, facilitating advanced market analysis and automated trading.

These tools enhance trading efficiency and help traders make data-driven decisions.

Partnership Programs

EightCap provides partnership opportunities, including Introducing Broker (IB) and affiliate programs.

These programs enable individuals to earn commissions by referring new clients to the platform.

Partners benefit from tailored support and attractive commission structures.

Efficient Order Execution

EightCap ensures quick and efficient order execution, reducing slippage and ensuring that trades are executed promptly at desired price levels.

Efficient order execution is crucial for traders, especially during volatile market conditions.

These features collectively make EightCap a comprehensive and user-friendly trading platform, catering to the diverse needs of traders and fostering a conducive environment for financial growth and success.

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Payment Methods: A Seamless and Varied Experience

Navigating the financial aspects of trading should be as straightforward as possible, and EightCap ensures just that with its diverse range of payment methods tailored for traders across the globe.

Wire Transfer

  • Supported Currencies: AUD, USD, GBP, EUR, NZD, CAD, SGD
  • Processing Time: 1-5 business days
  • Transaction Fee: Variable
  • Transaction Limit: N/A
    • Withdrawal Limit: Above USD $25 / EUR $20

Union Pay

  • Supported Currencies: RMB
  • Processing Time: Instant
  • Transaction Fee: $0
  • Transaction Limit: $3,000
    • Withdrawal Limit: N/A

Digital Wallets: Skrill and Neteller

  • Supported Currencies: USD, EUR (only for EEA clients), CAD
  • Processing Time: Instant
  • Transaction Fee: Variable
  • Transaction Limit: $50,000
    • Withdrawal Limit: $50 – $50,000

Cryptocurrency Options: Orbital and HAYVN Pay

  • Supported Currencies: USDT(TRC20), USDT(ERC20), BTC (only for USD accounts)
  • Processing Time: Instant
  • Transaction Fee: $0*
  • Transaction Limit (Orbital): $50 – $10,000
    • Withdrawal Limit (Orbital): 0.75%, $10 – $10,000
  • Transaction Limit (HAYVN Pay): $1 – $100,000
    • Withdrawal Limit (HAYVN Pay): 0.90%, $50 – $10,000

Other Digital Payment Options

  • Fasapay:
    • Supported Currency: USD
    • Processing Time: Instant
    • Transaction Fee: $0
    • Transaction Limit: $10,000
      • Withdrawal Limit: N/A
  • DragonPay:
    • Supported Currencies: MYR, PHP
    • Processing Time: Instant
    • Transaction Fee: Variable
    • Transaction Limit: $3,000
      • Withdrawal Limit: N/A
  • PSP (Virtual Account):
    • Supported Currencies: THB, VND, MYR, IDR, PHP
    • Processing Time: Instant
    • Transaction Fee: Variable
    • Transaction Limit: Up to $15,000
      • Withdrawal Limit: N/A

EightCap’s commitment to user-friendly payment methods ensures that traders have a hassle-free experience, whether they are depositing funds to initiate trades or withdrawing profits.

The availability of various options caters to diverse preferences and regions, making financial transactions seamless and convenient for every trader.

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Contact Info

Official Website: EightCap

Email: [email protected]

FAQ – Frequently Asked Questions

What is EightCap and What Services Do You Offer?
EightCap is a leading online trading platform offering access to various financial markets, including Forex, cryptocurrencies, indices, commodities, and shares. We provide a user-friendly interface and advanced trading tools for a seamless trading experience.
How Can I Open an Account with EightCap?
Opening an account with EightCap is easy. Visit our official website, click on ‘Sign Up,’ and follow the registration process. You’ll need to provide necessary details and complete the verification steps to activate your trading account.
What Payment Methods Can I Use to Deposit Funds?
We accept a variety of payment methods, including wire transfers, credit/debit cards, digital wallets (Skrill, Neteller), and cryptocurrency options. Each method offers different processing times and limits to accommodate your preferences.
Can I deposit funds using someone else's account?
No, all deposited funds must originate from your account, including card ownership, CPF, and other details in line with our Terms and Conditions.
Is EightCap Regulated?
Yes, EightCap is a regulated broker. We adhere to stringent regulatory standards to ensure a secure and transparent trading environment for our clients.
What Trading Platforms Does EightCap Offer?
We provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5), popular and powerful trading platforms equipped with advanced charting tools, analysis features, and customizable interfaces for both desktop and mobile devices.
How Can I Practice Trading Before Using Real Money?
We offer a range of educational resources, including webinars, tutorials, market analyses, and trading articles. These materials are designed to enhance your trading knowledge and skills at every level of expertise.
Can I Trade Cryptocurrencies on EightCap?
Yes, you can trade a variety of cryptocurrencies, including Bitcoin, Ethereum, and other popular altcoins, on our platform. We offer competitive spreads and flexible trading options for cryptocurrency enthusiasts.
How Can I Contact EightCap's Customer Support?
Our customer support team is available 24/5 to assist you. You can reach us through email, live chat on our website, or by phone. We are dedicated to providing timely and helpful responses to all your inquiries.
What Security Measures Are in Place to Protect My Account?
At EightCap, we prioritize the security of your account and personal information. We use advanced encryption technology, secure socket layer (SSL) protocols, and stringent authentication processes to safeguard your data and transactions, providing you with peace of mind while trading.

References and Sources

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Last updated: June 11, 2024