Since its incorporation in 2009, Eightcap is an Australian-based brokerage firm specializing in Forex and CFD trading. They have established a reputation for transparent pricing, achieved through competitive variable spreads sourced from top-tier banks and institutions. This is facilitated by advanced technological solutions utilizing Equinix servers. Eightcap caters to both MetaTrader 4 and MetaTrader 5 traders, as well as individuals who are looking to work with TradingView, striving to offer them a customized trading environment.
About Eightcap
Based in Melbourne, Australia, Eightcap is a globally esteemed brokerage firm. Founded in 2009, it is led by CEO Alex Howard. The company offers traders highly favorable conditions, including ultra-tight spreads. Traders also have the flexibility to choose from three distinct account types, accessible via WebTrader, desktop, and mobile versions. The platform facilitates trading across a wide array of instruments, including forex pairs, commodities, indices, shares, and cryptocurrencies. With an experienced management team, Eightcap is driven by a commitment to provide traders worldwide with a superior platform and a steadfast dedication to supporting clients 24/7.
Account Types
Eightcap provides retail and institutional traders with the opportunity to choose between three account types:
- Raw Account Type
- No restrictions on trading strategy (Scalping allowed)
- Spreads starting at 0.0 pips
- Low commission fees (3.5 USD per lot, per side)
- Standard Account Type
- No restrictions on trading strategy (Scalping allowed)
- Spreads starting at 1.0 pips
- No commission fees
- TradingView Account Type
- No restrictions on trading strategy (Scalping allowed)
- Spreads starting at 1.0 pips
- No commission fees
Trading Instruments
Eightcap provides traders with a wide selection of trading instruments, granting them entry into the world’s most popular and liquid financial markets. This ensures access to the finest trading opportunities 24 hours a day 7 days a week.
| Trading Instrument | Number of Trading Instruments |
|---|---|
| Forex | 47 Currency Pairs |
| Indices | 13 Indices |
| Commodities | 7 Commodities |
| Cryptocurrencies | Over 300 Cryptocurrencies |
| Shares | Over 600 Shares |
Trading Platforms
Eightcap offers three trading platforms that could be considered the most popular on a worldwide scale. These platforms are TradingView, MetaTrader 4, and MetaTrader 5, which are all available as desktop and mobile trading platforms, allowing the trader high flexibility of available devices he can operate from.
TradingView
TradingView stands out as a powerful charting platform suitable for traders and investors across various experience levels. In addition to its charting capabilities, it hosts a social network where users exchange ideas, customize scripts to enhance charts and engage in topic-based discussions to share their perspectives. The platform provides access to a professional-grade commercial data feed, facilitating seamless analysis of prices, volume, and historical asset prices. Additionally, it offers fundamental company data, enabling users to screen and track companies that align with their criteria. While primarily designed for technical analysis, TradingView can prove valuable to investors of all kinds.
MetaTrader 4
MetaTrader 4 stands as an advanced trading platform that has established itself as a standard tool for experienced Forex traders, facilitating trade execution even in the absence of an active device. It is characterized by its intuitive user interface, an extensive array of technical analysis tools for prognosticating market trends, live updates on currency prices, and a host of additional features. Noteworthy components of MetaTrader 4 encompass mobile trading capabilities, access to trading signals, and comprehensive financial market insights, all of which serve to elevate and enrich the overall Forex trading encounter. Furthermore, it provides support to traders in more than 30 languages globally, along with three distinct trade execution modes, instant execution, execution on request, and execution on the market.
MetaTrader 5
Safety
Eightcap is a broker that was incorporated back in 2009 while also being regulated by several financial authorities worldwide. These include the following four:
- ASIC – Australian Securities and Investments Commission
- FCA – Financial Conduct Authority
- CySEC – Cyprus Securities and Exchange Commission
- SCB – Securities Commission of The Bahamas
Eightcap provides the choice to open a trading account with one or more of its authorized entities, depending on your country of residence. This is a crucial consideration for individuals looking to set up an account with Eightcap, as the degree of investor protection and regulatory oversight differs based on the particular entity you are associated with.
Customer Support
Eightcap guarantees its clients access to exceptional customer support via live chat, email, and phone. These communication channels are operational 24/7, ensuring assistance is readily available from any global location. Whether you favor direct phone conversations, email correspondence, or real-time chat interactions, Eightcap is committed to delivering outstanding customer support tailored to your individual preferences.
- Live Chat Support
At Eightcap, you will experience top-notch live chat support by being connected with a knowledgeable agent who is ready to provide you with information tailored to your specific needs and questions.
- Email Support
In terms of email support, Eightcap is devoted to providing exceptional customer service. Clients can anticipate receiving detailed responses within a day of making contact, showcasing Eightcap’s dedication to prompt and comprehensive customer care.
- Phone Support
Aside from its exceptional live chat and email support, Eightcap also offers outstanding phone assistance. This ensures clients can count on swift responses to their inquiries within a matter of minutes after reaching out. This dedication to rapid and effective communication further reinforces Eightcap’s commitment to providing top-tier customer service through all available channels.
Education
Eightcap offers its clients a wealth of valuable educational resources. These include a demo account, an educational calendar, and numerous educational resources, such as the trade zone, labs, webinars, trading week ahead, trading outlook, and trade ideas sections.
- Trade Zone
Eightcap’s Trade Zone is a dedicated educational hub designed to empower traders with knowledge and skills essential for success in the financial markets. This comprehensive resource provides a wealth of curated content, including video tutorials, insightful articles, webinars, and interactive courses. With clear and accessible materials, Eightcap aims to foster a deeper understanding of the markets and enhance traders’ confidence in their decision-making.
- Eightcap Labs
Eightcap’s Labs section is a cutting-edge educational platform designed to equip traders with the latest market insights and analysis. This dynamic section provides a range of research-driven content, including market news, technical analysis, and in-depth reports. With a focus on staying ahead of market trends, Labs offers valuable perspectives on various financial instruments, enabling traders to make informed decisions.
- Events & Webinars
Eightcap’s Events and Webinars section is an important component of their educational arsenal. This platform offers a diverse range of live and recorded webinars, workshops, and seminars conducted by industry experts. These events cover a wide spectrum of topics, from market analysis and trading strategies to risk management and investment psychology. By participating in these sessions, traders gain valuable insights, practical knowledge, and the opportunity to interact with seasoned professionals.
- Trading Week Ahead
Eightcap’s Trading Week Ahead is a crucial resource for traders seeking to plan their strategies effectively. This section provides a comprehensive overview of anticipated market events, economic releases, and key announcements scheduled for the upcoming week. It offers insightful analysis and expert commentary on how these events might impact various financial instruments. By staying informed about potential market movers, traders can make more informed decisions and position themselves strategically.
- Trading Outlook
The Eightcap Trading Outlook is an incredibly useful tool for traders seeking a well-informed perspective on the markets. This section provides a detailed analysis of current market conditions, along with expert insights and forecasts. It covers a wide range of financial instruments, offering traders a comprehensive view of potential opportunities and risks.
- Trade Ideas
Eightcap’s Trade Ideas section is a treasure trove of actionable insights for traders. Here, you’ll find carefully curated trading strategies and market analyses designed to inspire and guide your trading decisions. These ideas cover a diverse range of financial instruments, providing a comprehensive view of potential opportunities in the market.
