Eightcap Review 2025

Eightcap Editor’s Verdict

Eightcap is an Australian financial services company that offers trading solutions to global customers. The company’s core products are currencies (Forex), commodities, indices, cryptocurrencies, and shares. It operates as Eightcap Pty and Eightcap Global Limited. The company was founded in 2009 and headquartered in Melbourne, Australia. It offers customer support in ten languages: English, Chinese, Bulgarian, Thai, French, German, Portuguese, Spanish, and Vietnamese. Eightcap is regulated by the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB). In conducting this review, we opened a live account and verified most of the claims made by the company. Eightcap claims to be a globally trusted, solid broker. Does its offer live up to the hype?

Overview

Eightcap is an ideal cryptocurrency CFD broker with market-leading trading tools delivering a distinct advantage.

Eightcap is a global Forex and CFD broker. It has served retail traders since 2009 and has expanded to five offices worldwide. The trading environment is secure and trustworthy, with oversight by ASIC in Australia and multiple regulatory bodies elsewhere. The broker has won numerous awards, including the recent “Best Forex Educational Resources – Global” and “Best Forex Trading Support in Europe” at the 2021 Global Forex Awards. Over 800 assets are available from the Standard and Raw accounts on the popular MT4 and MT5 platforms. Traders using the Raw account will enjoy raw spreads, ideal for high-frequency traders, scalpers, and short-term traders, but a commission of $3.50 per side or $7.00 per 1.0 standard round lot. The Standard account is commission-free but features higher trading fees.

In-house research is regularly published, and new traders can access an adequate educational section filled with quality content. Eightcap claims to build a home for MT4 traders and upgrades the core trading platforms via Capitalise AI, which enables code-free algorithmic trading. Forex traders have plenty of currency pairs, and Eightcap is a leading cryptocurrency CFD broker. Equity traders can trade US, UK, German and Australian stocks.

Eightcap Highlights for 2024

• Capitalise AI for algorithmic trading in a code-free MT4 environment.
• FlashTrader plugin for MT5.
• AI-powered economic calendar for news traders.
• VPS hosting for 24/5 low-latency Forex trading.
• Raw spread trading with spreads from 0.0 pips for a commission of $7.00 per 1.0 standard round lot.
• A balanced asset selection, including 100+ cryptocurrencies and a growing list of trading instruments.
• TradingView for social traders.
• A choice of payment processors, including cryptocurrency deposits and withdrawals.
• Excellent beginner services Eightcap Labs and Eightcap Trade Zone.
• Quality partnership program.

Eightcap Regulation and Security

Trading with a regulated broker will limit the potential for fraud and malpractice. I always recommend traders check for regulation and verify it with the regulator by checking the provided license with their database. Eightcap presents clients with four regulated entities and maintains a secure trading environment.

Is Eightcap Legit and Safe?

Eightcap complies with four regulators and has maintained a clean operational record for over a decade. The UK and CySEC subsidiaries provide clients with an investor compensation fund. Most international clients will either trade with the Bahamas subsidiary or the one from St. Vincent and the Grenadines. The FSA does not regulate brokers but doubles as a company registrar, where Eightcap remains duly registered under company number 24750.

Negative balance protection and segregation of client deposits from corporate funds exist at all five operating subsidiaries. Eightcap established itself as one of the most trusted and secure multi-asset brokers industry wide.

Eightcap Broker Fees

Eightcap offers two types of accounts that incur differing fees and charges. The raw account type charges a commission that starts at $7 per round trip (trade entry plus exit). Its minimum spread starts at 0 pips. The standard account, on the other hand, charges no commission but its minimum spreads start at 1 pip.

Like most brokers, currency majors like the EUR/USD and GBP/USD usually have a lower spread than minors and exotic pairs. The lowest advertised spread for Forex in the standard account type is 1 pip. However, in most cases, the spread brokers advertise is not usually the one they offer in the live market. At times, the spread depends on the market volatility. On the other hand, if a Raw account is opened, then under normal market conditions the spread can be 0. So, I went to the live platform to see typical spreads during the London and New York Overlap.

In this case, I saw that the EUR/USD and AUD/USD had a live spread of 1 pip (10 pipettes) each, in line with the advertised minimum, while a minor pair like EUR/HUF had a spread of 14.1.

The chart below shows the typical spreads for commodities advertised by Eightcap.

Eightcap also charges a swap fee for overnight trades, like almost every other Forex / CFD brokers. You can view the swap rates by going to MT4/5, right-clicking on your preferred symbol, and selecting specification. Finally, you should scroll down to see the swap rates for long and short trades.

Eightcap does not charge any inactivity fee, which is a good thing because several brokers do charge such a fee, typically after no trade has been placed for two or three months. I do not see a good reason why a retail Forex / CFD broker could justify the imposition of such a fee.

What Can I Trade with Eightcap

Eightcap maintains a well-balanced asset selection and continues to expand it, delivering on its promise of being a multi-asset broker. It grew into one of the leading non-crypto brokers offering cryptocurrencies, with 100+ trading instruments in this sector.

Eightcap offers:

• Forex currency pairs – 56
• Cryptocurrency pairs – 122
• Stocks – 590
• Indices – 17
• Commodities – 16

The most recent additions to the Eightcap asset list include:

• Zinc (XZNUSD)
• Nickel (XNIUSD)
• 310 ASX Share CFDs
• 100 NASDAQ Share CFDs
• 100 NYSE Share CFDs
• 105 LSE Share CFDs
• 45 German Share CFDs

While Eightcap trails in its Forex, commodities, and index selection, where sufficient trading instruments are available for focused trading strategies requiring few but highly liquid assets, Eightcap continues to expand its equity CFD selection, now at 660. Traders must use the MT5 trading platform to get access to all these trading instruments, as Eightcap maintains fewer assets in MT4.

Note that Eightcap’s FCA-regulated entity in the UK does not offer crypto CFD trading. Eightcap’s FCA-regulated entity offers CFD trading on over 600 markets across forex, indices, commodities, and shares. Eightcap’s UK entity is the only dedicated, specialist TradingView broker in the UK, providing a tailored product experience to get the most out of trading via TradingView.

What could be better?

• I am missing mid-cap and small-cap alternatives from the equity CFD list
• A broader selection of Forex, commodity, and index CFDs
• Eightcap does not offer ETFs or bonds

Asset List and Leverage Overview

Eightcap Leverage

Eightcap offers maximum leverage of 1:500 for Forex traders through its Bahamas subsidiary, which can be great for active traders as it presents more overall trading flexibility, directly influencing profitability. The Bahamas subsidiary also offers portfolio hedging, not available through its Australian subsidiary.

Other things to note about Eightcap’s leverage offering:

• The Australian subsidiary limits maximum leverage to 1:30, due to regulatory restrictions.
• Eightcap offers negative balance protection, vital for leveraged trading, as it ensures traders cannot lose more than their deposits.
• The leverage also depends on the sector and asset, with Forex usually the maximum, and equity CFDs or cryptocurrencies the lowest.

Eightcap Trading Hours (GMT +1 Server Time)

Noteworthy:

• Equity markets open and close each trading day and are not operational continuously like Forex and cryptocurrencies
• Some assets open and close at different times, as outlined in the specifications available from the trading platform

I recommend the following step for Eightcap MT4/MT5 traders to access trading hours:

1. Right-click on the desired symbol in the Market Watch window and select Specification.

2. Scroll down until you see Sessions.

Eightcap Account Types

Eightcap Demo Account

Eightcap offers three account types. The 30-day Eightcap demo account (which expires after 30 days by default) gives you access to the company’s products without risk because it uses paper money only. Eightcap provides extensions once requested via customer support, making this account ideal for beginners or experienced traders who create and test trading strategies.

Live Account Types

Eightcap offers a Raw Account and a Standard Account. The main difference between these two is the pricing structure. The raw account charges a commission per trade, while the standard one charges a spread. A spread is a difference between the ask and bid prices. The commission on the raw account is $3.50 per trade per side or $7.00 per round trade.

Eightcap Trading Platforms

Eightcap offers MT4, MT5, and TradingView, trading platforms for desktop, web-based, and mobile devices. The desktop clients include more features than the other alternatives.

Overview of Trading Platforms

Web Trading Platform

Eightcap offers the MT4 and MT5 web-based trading platforms. The initial login screen loads MT5 by default, but traders can select their platform type in the “Connect to an Account” pop-up, which loads by default. It also supports opening Eightcap demo accounts with full customization features.

The MT4/MT5 web-based trading platforms are light on system resources and feature an extensive toolset for technical analysis but do not support algorithmic or copy trading. They are ideal for manual traders who dislike installing powerful desktop alternatives but need more than what the respective mobile app can offer.

Traders should consider the pros and cons of the Eightcap web trading platforms before using them.

Mobile Trading Platform

Eightcap offers the MT4, MT5, and TradingView mobile trading platforms. They are user-friendly and optimized for mobile devices and touchscreens but lack secure two-step or biometric logins. Since MT4 is the most-used mobile trading platform, our review focused on it, but social traders can consider TradingView, with 30M+ active traders.

Traders should consider the pros and cons of the Eightcap mobile trading platform before downloading them.

The MT4 mobile app is available on Android, iOS, and Huawei devices, and traders must download it from their respective stores for free. Following the initial launch, traders should find Eightcap easily via the search bar.

Given its widespread popularity among mobile traders, the MT4 mobile app supports the following languages:

Here are the core features of the MT4 mobile trading platform:

• User-friendly design with touchscreen support, allowing traders seamless navigation while accessing desired features.
• Ease to find assets either via the search bar or by browsing through the categories.
• Choice of order types, including market orders, limit orders, stop orders, GTC (good until canceled) orders, and GTT (good until time) orders.
• Mobile and e-mail alerts, but traders must configure them on the desktop trading platform.

Mobile Trading Apps

Mobile trading is widespread among millennial and GenZ traders, copy traders, and those from emerging and frontier Forex markets. While Eightcap does not provide a proprietary mobile app, as its core market remains algorithmic and advanced traders, who require powerful desktop clients, traders can get the MT4 and MT5 mobile apps. Traders may also use the TradingView mobile app, which connects to Eightcap.

Which Eightcap mobile trading apps are available?

• MT4 – Well-established trading mobile app, including streaming news, mobile chat, and e-mail alerts
• MT5 – Like MT4, but with improved technical analytics and advanced trading functions
• TradingView – Ideal social trading alternative with 30M+ active traders.

How user-friendly are the Eightcap mobile apps?

The Eightcap MT4/MT5 mobile apps are optimized for mobile phones and remain user-friendly, ideal for monitoring portfolios on the go, managing existing positions, and copy trading. Despite supporting technical analysis, mobile apps are best for portfolio management rather than complex trade analysis, given the relatively small screen. The TradingView mobile app packs the most comprehensive technical analysis toolbox. Algorithmic trading is unsupported in all three Eightcap mobile apps.

What charting tools exist on the Eightcap mobile apps?

The Eightcap mobile apps have a similarly advanced package as its more powerful desktop versions. Despite the availability, traders should consider the screen size and absence of multi-screen support, which makes complex analytics impossible to conduct.

Do the Eightcap mobile apps feature trading tools?

Mobile apps cater more to portfolio management, up-to-date developments, and copy trading, for which the Eightcap mobile apps have the necessary tools, including economic calendars, streaming news, and watch lists. They do not support the cutting-edge trading tools Eightcap offers for desktop trading platforms, like Capitalise AI.

Eightcap Mobile Apps Comparison

Unique Features

The most unique feature offered by Eightcap which I was able to note is Capitalise.ai, which is a platform that helps customers create bots using intuitive non-coding language. Capitalise.ai is integrated with the MetaTrader 4 trading platform.You use the platform by just connecting it to your MT4 and then adding commands that will be executed. You can create a strategy from scratch or use one of the several prebuilt templates.

Capitalise.ai allows traders to automate their unique trading strategies without any technical barriers. Using plain English, users can create complex automated systems to manage your trades or employ pre-defined templates from an extensive strategy library. Create trading bots, set up price alerts, and perform back-testing – all with zero coding experience. Exclusive webinar demonstrations are available from Cap.ai themselves, with expert help enabling users to get the most effective use from the product.

Trade Zone is Eightcap’s latest initiative, an exclusive educational resource for its clients. Here Eightcap invites market experts to provide market updates, key insights, and deliver timely and engaging webinars on a weekly basis. This can provide traders with trade ideas so that portfolio scan be diversified, traders may learn from market professionals and gain valuable insights and tips on trading the financial markets. Eightcap offers weekly webinars with guest speakers for the Trading Week Ahead, which is a live forecast with a guest speaker who points out potential volatility for the coming week. Eightcap also offers a Live Market Update, which assesses the forecasts mid-week, to see how these predictions shaped up, as well as end-of-week reviews.

Eightcap Labs can help you develop your trading skills with a comprehensive collection of essential trading materials, expertly designed by professional traders. Eightcap Labs can help traders learn new or refine existing trading strategies with relevant resources.

Eightcap offers Flash Trader integrated with its MetaTrader 5 trading platform, allowing for sophisticated and instant position sizing, stop, and limit order targets with a single click.

Eightcap offers Acuity’s AI-driven economic calendar, promoting more optimal trading by filtering events by geo and likely impact, obtaining fundamental insights, predictions, historical data analysis, and real time news updates.

Finally, Eightcap offers four useful calculators through its client portal:

• Margin Calculator
• Profit Calculator
• Currency Conversion Calculator
• Pip Calculator

Research and Education

Eightcap offers Eightcap Labs, a collection of almost 300 articles, eBooks, and third-party training content. The content is separated into channels for beginners, intermediates, and advanced traders. Also, Acuity’s economic calendar has an educational component as it can explain market events and their potential impacts.

Many brokers provide a comprehensive suite of educational and research content. Eightcap has an educational page featuring plenty of quality content on topics, including swing trading and technical analysis. This content, however, is not structured as a course, and I recommend beginners start with the existing content before seeking more in-depth coverage from alternative sources, available for free online. The education page is only available in the English version of the website and has three categories: MetaTrader Guides, Fundamentals, and Trading Strategies.

Eightcap also has a market analysis page offering insights on the trading day. The page remains divided into Crypto News, CFD News, Forex News, and Market Updates. These analyses are in both video and text format. The content is good quality and offers beginners trading ideas, while seasoned traders get a quality and well-presented read.