Eightcap Review 2025

Is Eightcap regulated?

Yes, it is regulated by several entities, including top-tier regulators FCA in the UK and the Australian Securities and Investments Commission (ASIC). There is also an EU entity regulated by CySEC in Cyprus, as well as global entities regulated in The Bahamas and St. Vincent and the Grenadines.

Is Eightcap safe?

To be certain that a brokerage is safe, we highly advise that you check two facts:

• how you are protected if something goes wrong
• the background of the broker.

How you are protected

Depending on your country of residency, your account will be regulated by one of the financial authorities below.

Eightcap provides negative balance protection.

Our brokerage experts put together a comprehensive guide on the safety profile of Eightcap.

Background

Eightcap was established in 2009. The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises.

Find your safe broker

Account base currencies

At Eightcap, you can choose from the following 7 base currencies:

This selection falls behind competing brokers. Both Fusion Markets and Pepperstone offer more base currencies.

Why does this matter? For two reasons. If you fund your trading account in the same currency as your bank account or you trade assets in the same currency as your trading account base currency, you won't have to pay a conversion fee.

A convenient way to save on currency conversion fees is by opening a multi-currency bank account at a digital bank. These usually offer bank accounts in several currencies with great currency exchange rates, as well as free or cheap international bank transfers. Opening an account only takes a few minutes on your phone.

Deposit fees and options

Eightcap charges no deposit fees.

Eightcap users can transfer money between their trading accounts as needed via their client dashboard.

Here's all you need to know about minimum deposit requirements and depositing money at Eightcap.

A bank transfer can take several business days, while payment with a credit/debit card is instant. You can only deposit money from accounts that are in your name.

Eightcap supports the following electronic wallets:

Eightcap withdrawal fees and options

Eightcap charges no withdrawal fees.

You can see all the withdrawal options in the table below. You can choose between two types of wire transfer: Australian and international. For the e-wallet options, only Skrill was available for our account.

Read our guide containing all key info on available withdrawal methods and related fees at Eightcap.

You can only withdraw money to accounts in your name.

How long does it take to withdraw money from Eightcap? We tested the credit card/bank transfer withdrawal and it took 1 business day.

How do you withdraw money from Eightcap?

• Log in to your client dashboard.
• Click on 'Deposit/Withdraw' in the menu on the left.
• Click on the 'Withdraw' button.
• Select the account to withdraw to (or add a 'New Bank Account').
• Enter the amount, then click 'Request withdrawal'.

Can you open an account?

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74-89% of retail CFD accounts lose money

As a global broker, Eightcap accepts clients from almost every country. Exceptions include countries like Iran, North Korea and the Republic of the Congo.

Read our separate article on how to get your account started with Eightcap.

What is the minimum deposit at Eightcap?

The required Eightcap minimum deposit is $100.

This is considered low compared to other brokers.

Account types

You can choose between a Raw and a Standard account – the latter has higher spreads but no commission.

Typical spreads for the most common currencies are as follows:

How to open your account

The whole process at Eightcap is as easy as it gets. The online application takes roughly 10 minutes and verification takes a day at most.

The steps of opening an account at Eightcap:

1. Enter your contact information, like your name and email address. Verify your email address by clicking on the link Eightcap sends to you.
2. Fill out your personal information, like your date of birth and address.
3. Choose an account type (Raw/Standard, Individual/Corporate) and base currency.
4. Verify your identity and residency by uploading a copy of your passport or ID, and a bank statement or utility bill.

After your account is verified, you can start trading by depositing the required minimum deposit.

Eightcap provides MetaTrader 4, MetaTrader 5 and TradingView as its mobile trading platform. All are available for iOS and Android, depending on your account type. We tested MetaTrader 4 on iOS, with Dark mode on (hence the dark background in the screenshots).
First, you have to download MetaTrader 4 from the App Store. It is a general trading platform - after launching it, search for the server Eightcap-Real. It should be easy to find, just start to type Eightcap in the search bar.

If you would like to access your account via TradingView follow these steps below:

1. Download the TradingView app.
2. Create a TradingView account and log in.
3. Navigate to the ‘Chart’ tab.
4. Tap on the three dots near the bottom right corner.
5. Select ‘Connect broker’ and choose Eightcap.
6. Log in with Eightcap credentials to connect the account.

The mobile trading platform is available in several languages.

You can switch between languages at any time on the mobile trading platform by simply going to 'Settings' within the app, and clicking on 'Interface'.

Look and feel

Eightcap has a great mobile trading platform, we really liked its design and user-friendliness. It is easy to find every feature.

Login and security

Eightcap provides only a one-step login for its mobile platform. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

You can't log in using biometric authentication. Providing this feature would be more convenient.

Search functions

The search functions are good.

You can search by typing the name of the product or by navigating the category folders.

Placing orders

You can use the following order types on the mobile trading platform:

• Market
• Limit
• Stop

There are also order time limits you can use:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You cannot set alerts and notifications on the Eightcap mobile platform.

However, you can do it only on the desktop trading platform. It would be much more convenient if you could set these notifications on the mobile trading platform itself.

Our analysts personally tested Eightcap's mobile trading platform; read the Eightcap mobile app review for a detailed verdict on its performance and features.

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74-89% of retail CFD accounts lose money

Eightcap offers MetaTrader 4 and MetaTrader 5 as a desktop trading platform. In this review, we went with MetaTrader 4. MetaTrader 4's design and features are standard across brokers, not specific to Eightcap.

The desktop trading platform is available in many languages.

Look and feel

Eightcap's desktop platform is highly customizable. You can easily change the size and the position of your tabs.

On the negative side, the platform feels outdated and some features are hard to find. For example, it took us a while to figure out how to add an asset to the watchlist. On the other hand, Eightcap provides some articles about how you can use the MT4 platform.

Login and security

Eightcap provides only a one-step login. A two-step authentication would be more secure and adding this feature should be high on any company's list of security changes.

Search functions

The search functions are OK.

You can find assets grouped into categories. At the same time, we missed the usual search function where you can type in an asset's name manually.

Placing orders

The following order types are available on the desktop platform::

• Market
• Limit
• Stop
• Trailing Stop

There are also order time limits you can use on the desktop platform:

• Good 'til canceled (GTC)
• Good 'til time (GTT)

Alerts and notifications

You can set alerts and notifications on the desktop trading platform.

You can do it in the form of mobile push and email notifications. To set these notifications, you need to add your email address and mobile MetaQuotes ID (which you can find in the MT4 app's settings). You can add them by going to 'Tools' and then 'Options'.

Portfolio and fee reports

Eightcap has clear fee reports.

You can easily view your profit/loss balance and the commissions you have paid. These reports can be found under the 'Account History' tab: right click on one position, then choose 'Save as Detailed Report'.

MetaTrader 4 can also be integrated with capitalise.ai and MetraTrader 5 can be integrated with Flash Trader.

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74-89% of retail CFD accounts lose money

Eightcap is primarily a forex broker, but it also has some CFDs in its product selection, since it added Australian, US, UK and German shares. To learn more about CFDs please read our CFD trading tips.
Eightcap's product selection is modest within most of the available categories, generally coming in below its featured competitors. On the other hand, it has a great crypto selection, with a high number of derivatives.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

You can change leverage levels, which is great. Eightcap provides leverage of up to 30:1 for Australian retail clients and 1:500 for Australian wholesale clients. To qualify as a wholesale client, you need to satisfy one of the following criteria such as

• Have net assets of AUD 2.5 million
• Your income was more than AUD 250,000 for each of the last two years.

Non-Australian clients can use a leverage of up to 1:500.
Changing the leverage is a very useful feature when you want to lower the risk of your trade. Be careful with forex and CFD trading, as the preset leverage levels are high.

We recommend Eightcap for forex traders who prefer the metatrader platform.

Below you can find links to all aspects of Eightcap in this comprehensive collection.

Lower fees, lower costs?

We detailed this in our Eightcap fees article.

What about the minimum deposit?

Our ultimate guide to the Eightcap minimum deposit is updated regularly.

How to start your Eightcap account?

Look no further than our evaluation of the Eightcap account opening.

How's their trading app?

Here's our expert view after checking the Eightcap trading app.

Is the quality of customer service satisfactory?

All you need to know about the Eightcap customer service.

Legit or scam?

Is Eightcap legit features all the key aspects you need to look at to see if a broker is safe and legit.

Free or premium? Or both?

A glance at actual costs and whether Eightcap is really free.

Is this broker good for beginners?

We checked it in Is Eightcap good for beginners.

Should you buy your silver bullets on Eightcap?

Research for silver bugs in the Silver buy on Eightcap guide

I want to trade options, are they available at Eightcap?

We explored the topic in Can you trade options on Eightcap?

What is the minimum account balance at Eightcap?

Check out the current account balance requirements at Eightcap in our What is the minimum account balance at Eightcap article.

Looking for commission and fees data for Eightcap?

We collected them in Eightcap commission and fees.

How do you withdraw money from Eightcap?

We tested it and collected the options and costs in How to withdraw money on Eightcap.