Our take on Eightcap
If fees are more or less your only concern when choosing a forex broker, Eightcap is definitely worth a try. Its forex fees are the lowest among Australia-based forex brokers, withdrawals are free, and there is no inactivity fee. Account opening is super fast, and the $100 minimum deposit is reasonable for a forex/CFD-only broker. As a plus, Eightcap offers a great lineup of crypto products, making up for a poor CFD selection and generally basic services when it comes to research, education or customer support. Like many of its peers, Eightcap uses the MetaTrader platforms, including the improved MT5 for web trading and MT4 for mobile and desktop.
Pros | Cons |
---|---|
• Low forex fees
|
• Slim product selection
|
• Seamless, quick account opening
|
• Limited research and educational tools
|
• Free deposit and withdrawal
|
• No investor protection
|
Eightcap main highlights
🗺️ Country of regulation | Australia, Vanuatu |
💰 Trading fees class | Low |
💰 Inactivity fee charged | No |
💰 Withdrawal fee amount | $0 |
💰 Minimum deposit | $100 |
🕖 Time to open an account | 1 day |
💳 Deposit with bank card | Available |
👛 With electronic wallet | Available |
💱 Number of base currencies | 7 |
🎮 Demo account provided | Yes |
🛍️ Products offered | Forex, CFD, Crypto |
Eightcap summary
Eightcap review
Fees
Eightcap review
Account opening
Eightcap review
Deposit and withdrawal
Eightcap review
Web trading platform
Eightcap review
Mobile trading platform
Eightcap review
Desktop trading platform
Eightcap review
Markets and products
Eightcap review
Research
Eightcap review
Customer service
Eightcap review
Education
Eightcap review
Safety
Eightcap review
Bottom line
We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.
On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.
Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.
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