MT5 users benefit from more instruments and analytics, while TradingView integration stands out for social and technical traders. While conducting my review, I found that Eightcap’s Raw account delivered seriously competitive spreads on crypto and Forex pairs. Execution on both MT5 and TradingView was seamless, and the broker is one of the best in the business for traders demanding a flexible, modern charting and execution environment. The account types available suit my needs well, and the login process is smooth. The app is user-friendly, making it easy to login and manage my account types.
Eightcap Funding and Fees
My child broke his arm yesterday and I needed money to pay my medical bills but here I am round in circles over my money Please note that I will want all my money withdrawn and my account closed. Is this a plot to take advantage of anxious and desperate traders to overtrade and lose all their money because the withdrawal processes are slowed down . All services are really slow compared to any other broker out there and when you make money they start asking for more documents which when provided they still ignore you .
- We should however note that only MT5 is available for clients in the EU and TradingView in the UK.
- However, shares CFDs may incur commissions, so it’s best to check the instrument-specific pricing details.
- The available deposit methods are bank wires, credit/debit cards, BPAY, China UnionPay, Skrill, Neteller, cryptocurrencies, PayPal, Worldpay, FasaPay, PSP Virtual Account, and Pay Retailers.
- Eightcap has stood the test of time, with an exceptional regulatory track record and a reputation as a cutting-edge and trustworthy multi-asset broker.
Deposit and Withdrawal
- We also evaluate the overall design of the mobile experience, and look for a fluid user experience moving between mobile and desktop platforms.
- Particular emphasis is placed on practical tips from experienced traders, which allows you to apply the knowledge gained in real trading.
- TradingView is perfect if you are a trader who prioritizes charting and social learning over execution speed.
- Yes, both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are fully functional on iOS and Android devices.
It offers over 800 instruments, including plenty of forex pairs, cryptocurrency CFDs, and a wide range of global stocks in addition to top-quality tools like TradingView integration and FlashTrader. I was impressed by the focus on providing a wide range of quality, value-added platform tools like FlashTrader, VPS hosting, and its AI-powered economic calendar. The broker is less suitable for long-term investors, who might be put off by the lack of ETFs and limited bond offerings. However, in my opinion, for active traders across Forex, crypto, and indices, Eightcap gets top marks for delivering strong value, technology, and transparency.
Eightcap presents clients with four regulated entities and maintains a secure trading environment. This multi-jurisdictional regulatory structure ensures transparency and offers client fund protection mechanisms, including segregation of funds and negative balance protection. While most international clients will trade through the SCB entity, Eightcap maintains a clean operational history and high trust ratings globally. Regulators like the FCA (UK), ASIC (Australia), or CFTC/NFA (US) impose strict rules relating to capital requirements, client fund segregation, and fair-trading practices. These are designed to minimize the risk of fraud and malpractice, while creating a trusted framework for traders.
Eightcap Ratings and Reviews from Trustpilot:
While MT4 excels for forex and basic charting, MT5 is my go-to for hybrid strategies that blend centralized markets (like NASDAQ stocks) with decentralized ones (e.g., crypto CFDs on PancakeSwap). During my testing, I used MT5 to simultaneously trade gold futures and Ethereum CFDs, a flexibility MT4 lacks. Eightcap offers the full MetaTrader platform suite (MetaTrader 4 and the newer MetaTrader 5), along with TradingView. To enhance the default MT5 experience, Eightcap also provides the FlashTrader EA, an automated trading tool that adds stops and targets to every trade, allowing you to focus more on strategy. Eightcap lists an average spread of 0.06 pips for its commission-based Raw account. However, after factoring in the per-side commission of $3.50 per trade, the all-in cost amounts to roughly 0.76 pips – coming in just under the industry average of 0.8 pips.
Does Eightcap offer a demo account?
This may impact how, where and which companies / services we review and write about. Our team of experts work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering. Safety is evaluated by quality and length of the broker’s track record, plus the scope of regulatory standing. Major factors in determining eightcap broker review the quality of a broker’s offer include the cost of trading, the range of instruments available to trade, and general ease of use regarding execution and market information. This low barrier makes it accessible for both beginner and experienced traders to enter the markets with flexible conditions and robust trading platforms.
Clients gain access to more than 800 CFDs, including currency pairs, metals, energy, agricultural commodities, stock indices, ETFs, and cryptocurrencies. Traders have access to a wide range of methods—bank cards, transfers, e-wallets, and cryptocurrencies. Deposits are credited quickly and without fees, withdrawal requests are processed within 1 day, and potential costs arise only with international bank transfers from intermediary banks. This approach makes the process convenient, inexpensive, and universal for clients from different regions. Eightcap was founded in 2015 in Melbourne, Australia, and from the outset has focused on innovative trading technologies. It not only provides brokerage services for trading CFDs but also develops its own technology solutions aimed at creating a scalable and reliable infrastructure for financial markets.
Ensure you understand the risks involved and seek independent advice if necessary. We also liked the in-house trader education platform, if you’re a beginner trader, it’s a great thing to look into. All up, this is a user-friendly, reliable broker worth serious consideration. With one of the best CFD product offerings across brokers, I give Eightcap a flawless 10/10 score for their Range of Markets.
Explore 800+ Markets with Eightcap
They are ideal for manual traders who dislike installing powerful desktop alternatives but need more than what the respective mobile app can offer. The initial login screen loads MT5 by default, but traders can select their platform type in the “Connect to an Account” pop-up. It also supports opening Eightcap demo accounts with full customization features. The 30-day Eightcap demo account (which expires after 30 days by default) gives you risk-free access to the company’s products.
Risk Warning :
Overall, the set of resources is high-quality and useful for beginners and intermediate traders. The broker offers modern tools such as an AI-Powered Economic Calendar and the FlashTrader plugin for MT5 that help manage risk and analyze news. A Trade Zone section with educational materials and market reviews is also available. However, compared to industry leaders, Eightcap offers less regular expert analysis and forecasting, making the toolset useful but not fully comprehensive.
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms. The spreads are pretty tight, and I love the ability to download their trading platforms. Eightcap has a decent platform for trading forex, but I found the leverage options a bit limited compared to other brokers. Eightcap’s customer support, while highly rated and accessible through multiple channels, offers hours that are optimal for Australian traders but may limit real-time assistance for those in other time zones.
Yes, Eightcap provides demo accounts for MetaTrader 4 and MetaTrader 5 platforms, although TradingView is not available for demo trading. These demo accounts are initially valid for a 30-day trial period, but there is an option to request an extension or to make the account permanent if needed. Each demo account is equipped with $50,000 in virtual currency, which can be adjusted based on the user’s preferences to better suit their trading strategy experiments. Eightcap’s standout feature is its Lowest Spread Forex Brokers and commissions, large range of crypto produce and choice of trading platforms. I recently tested Eightcap’s customer support by reaching out via live chat during their operating hours to ask about the minimum deposit requirement.
