Eightcap Review 2023 - Verified Customer Reviews

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Eightcap Review

Updated January 20, 2023
Score breakdown
Pricing: 4.8
Regulation: 5
Popularity: 4.4
User Rating: 5 (2)

Eightcap overall score rank: 2 out of 66

Eightcap forex broker review

Risk Warning: Trading forex, derivatives and leveraged products carry a high level of risk, including the risk of losing substantially more than your initial investment and it is not suitable for everyone. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.


  • Low spreads on over 1,000 financial instruments
  • Great range of trading platforms, including TradingView
  • Regulated in the EU, Australia and Bahamas
  • Fast and free account deposits/withdrawals (including crypto)

Regulations and Money Protection


Entity Name Licence & Regulation Client Money Protection Deposit Compensation Scheme Negative Balance Protection
Eightcap Global Limited Bahamas SCB Licence ✔️
segregated client money
Eightcap Pty Ltd Australia ASIC Licence
Eightcap EU Ltd Cyprus CySEC Licence ✔️
up to €20,000
Eightcap Group Ltd UK FCA Licence ✔️
up to £85,000
CLMarkets Limited


  • Bahamas SCB regulation: Eightcap Global Limited will be the counterparty for the international clientele. This entity, with a registered office at 208 Church Street, Sandyport, Nassau, New Providence, The Bahamas is authorised and regulated by the Securities Commission of The Bahamas with licence number SIA-F220.

  • Australia ASIC regulation: Eightcap Pty Ltd is a company registered in Australia, with ABN 79 139 495 944 and ACN 139 495 944. This entity is regulated by Australia’s ASIC with an AFSL licence, number 391441.

  • Cyprus CySEC regulation: Eightcap EU Ltd is a company registered in Cyprus as a Cypriot Investment Firm (CIF), with the number 329922. Eightcap EU Ltd registered office is at 4 Petrou Tsirou street, 2nd Floor, 3021, Limassol, Cyprus. This entity is authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) with licence number 246/14.

  • UK FCA regulation: Eightcap Group Ltd is a company registered in England and Wales with the number 12448314. Registered office: 40 Gracechurch Street, London EC3V 0BT, United Kingdom. Eightcap Group Ltd is authorised and regulated by the Financial Conduct Authority (FCA) with firm reference number 921296.

  • Saint Vincent & Grenadines registration: CLMarkets Limited, trading as Eightcap International, is a company incorporated in Saint Vincent and the Grenadines and registered as an International Business Company, with number 24750 IBC 2018. The registered address of CLMarkets Limited is at Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines.

Client Money Protection

  • Eightcap complies with the highest safety standards for clients' funds. For this reason, Eightcap clients' funds are kept in the National Australia Bank (NAB), a top-tier international bank, fully segregated from the company's funds.

  • Eightcap also complies with the client's money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Eightcap holds clients' money separately from the company funds and does not use these funds for any operational expenses or purposes.

Deposit Compensation Scheme

  • Eightcap EU Ltd is a member of the Investor Compensation Fund (ICF), an investor compensation fund for clients of CIF companies, and its functions are regulated by the directive DI87-07 of the CySEC. In the unlikely event that Eightcap EU Ltd is unable to meet its obligations, or if the company has been declared to be in default, clients might be entitled to compensation, up to the value of €20,000 per claim.

  • Eightcap Group Ltd is a member of the Financial Services Compensation Scheme (FSCS), an independent compensation fund of last resort for customers of authorised UK financial services firms. If Eightcap Group Ltd is unable to pay claims against it in the event the firm has stopped trading or has declared to be in default, clients might be entitled to compensation, up to the value of £85,000 per claim.

Negative Balance Protection

For accounts opened via any entity of the Eightcap group, there is a default Negative Balance Protection mechanism in place, to protect retail traders from a negative balance. With the NBP mechanism, Eightcap customers are protected from any losses bigger than their original investments, in the event of extreme market volatility.

Accounts, Instruments and Platforms

Accounts Instruments Platforms Social trading Maximum Leverage
❌Islamic Accounts
✔️MT 4
✔️MT 5
30:1 Europe/Australia

200:1 Rest of World

Account types and currencies

  • Eightcap has only two trading accounts available; Standard and RAW, both available with the MT4 and the MT5 platforms. Currently, Eightcap does not offer swap-free accounts for traders of Islamic belief.

  • Eightcap does not provide a social trading platform.

  • Eightcap has PAMM accounts for money managers.

  • Eightcap's maximum leverage is 30:1 for accounts opened with the entities in Europe and Australia, and up to 200:1 for accounts opened with the Bahamas SCB-regulated entity.

  • Currently, Eightcap trading accounts are available in AUD, USD, EUR, GBP, CAD, NZD and SGD.

Financial instruments

Trading with Eightcap can be done, mainly, via the MetaTrader 4 and MetaTrader 5 platforms, available on web, desktop terminal and mobile versions. There’s also the possibility to connect a TradingView account to Eightcap and trade directly from TradingView charts.

Eightcap offers an excellent selection of more than 600 instruments to trade, from several asset classes including forex, indices, stocks and commodities. Please note that available trading instruments may vary depending on the MetaTrader platform chosen.

  • FX market - 40+ currency pairs (including Minor and some Exotic crosses).

  • Indices – 8 CFDs of the most popular indices, including the FTSE 100, CAC 40, US 30 and ASX 200.

  • Stocks – 1,000+ shares CFDs from the US, Australian, LSE, and XETRA stock exchanges of worldwide top companies and banks, including Apple, Amazon, AstraZeneca, British American Tobacco, Commonwealth Bank, Facebook, Netflix, Rio Tinto, SAP, Volkswagen, and more. Please note that stocks CFDs are available only with the MT5 and TradingView platforms.

  • Commodities - 4 spot commodities CFDs of which 2 metals (Gold and Silver) and 2 energies (UK Oil and US Oil).

  • Cryptocurrencies – Eightcap proposes one of the most comprehensive crypto offerings, with 250+ cryptocurrencies CFDs including crypto-crosses and crypto indices. Check out the complete list of crypto markets available with Eightcap.



Standard RAW
Spread EUR/USD from 1.0 pip from 0.0 pip
Commissions (1 lot) $7
Minimum Deposit from $100


Eightcap spread for the most popular pair, the EUR/USD, on a Standard account starts at 1.0 pip. Trading is commission-free and we consider the spreads of the Eightcap Standard account to be average when compared with other top brokers with similar pricing.

With an Eightcap RAW account, the EUR/USD minimum spread is 0.0 pip. To benefit from the lower spreads of the Eightcap RAW account there's a small cost to pay in the form of a trading commission. For the FX pairs, the standard lot commission for 1 lot (100,000 units) is USD (3.5 USD per side/per lot).

Rollover Rates

Eightcap swap rates, as of 28-06-2022, for 1 lot EUR/USD (100,000 units) stands at an average rate of -5.3398 points for holding overnight a long, 1 lot, contract and at +3.1802 points for holding overnight a short, 1 lot, contract. We consider Eightcap swap rates to be in line when compared with the rollover rates offered by other top forex brokers.

Deposits/Withdrawals and Other Fees

  • Deposit fees – Trading accounts can be opened in 7 different currencies and maintained via 13 different funding methods, including cards, bank wires and e-payments such as Neteller, Skrill and Fasapay. Eightcap also accepts deposits in USDT(TRC20), USDT(ERC20) and BTC. Deposited funds are available almost instantly and Eightcap does not charge any fees for deposits. Please note that the availability of funding methods is subject to the jurisdiction and client's country of residence.

  • Withdrawals fees – Similarly, Eightcap policy for withdrawals (processing times vary from instant to 1 working day) is also fee-free. Eightcap does not charge any fees for withdrawals, however, fund withdrawals by bank wire transfer may be subject to bank fees from any intermediary bank involved in the transaction. For more information, please visit the Eightcap withdrawals web page.

  • Inactivity fee – Currently, Eightcap does not charge an inactivity fee or any account maintenance fees.



Deposit/Withdrawals Fees Non-expiring demo account Customer
Live webinars
Market news
Market analysis
Trading tools
Trading strategies
Bank Wire
Crypto (USDT & BTC)
✔️ Multi-lingual
24/5 Support
Live Chat
Phone call

The popularity of this Australian-based CFDs broker scores a well-deserved 4.4 out of 5, also thanks to some of its unique features and unique trading tools. Especially, the possibility of linking a TradingView account to Eightcap, trading directly from TradingView charts and funding the account with select crypto.

Trading can be done with a good range of platforms (MT4, MT5 and linking TradingView) to suit all kinds of traders, but the key factor for Eightcap's popularity is its competitive pricing. Particularly, with the RAW pricing, with attractive spreads and industry average commissions for forex trading.

Offering fast and efficient trading technology, Eightcap boasts reliable trading servers, maximizing order execution speeds on all of its trading platforms. Eightcap provides traders with premium liquidity and direct market access, with no dealing desk or price manipulation, minimizing slippage and assuring always the best market quotes.

  • Trading accounts - The Eightcap RAW account is a popular choice with traders looking to save on trading costs, with lower spreads and average commissions of $7 per lot traded (SHARES CFDs commission is 0.1% in USD per lot). Extra points for Eightcap's policy of no fees on deposits or withdrawals.

  • Forex education - Eightcap also deserves extra popularity points for its extensive range of education and trading materials, available through the "Learn" tab. Eightcap clients can watch and participate in live webinars, read updated market news and market analysis and use some great trading tools, such as Capitalise ai, Cryptocrusher, Amazing Trader and even Forex VPS.

Funding Methods Credit/Debit Card, POLi Payment, Bank Wire, BPAY, China UnionPay, Skrill, Neteller, BTC, Tether, PayPal, Worldpay, Fasapay, PSP (virtual account), PayRetailers
Support Languages English, German, Italian, French, Spanish, Chinese, Korean, Thai, Indonesian, Malay, Portuguese and Bulgarian

  • Minimum deposit - Opening a trading account with Eightcap is quite easy and can be done online, taking around 10 minutes to complete all the required forms. The minimum deposit recommended to open a live account with Eightcap is $100 for the Standard and RAW accounts.

  • Customer support - Eightcap's multi-language customer support service is available 24 hours, 5 days a week, in 12 languages. Eightcap's support is available via phone call (subject to jurisdiction), email and live chat directly from the broker's website.

Broker Profile

Established in 2009, Eightcap is an award-winning FX and derivatives broker offering retail traders access to several markets including forex, indices, shares, crypto and commodities CFDs. With over 1,000 financial instruments available for trading, and boasting a great range of over 250 crypto derivatives, investors will surely find their favourite markets.

The highlight goes to the immense offer of crypto derivatives proposed by Eightcap, probably one of the most complete offered by a CFDs broker. This range of crypto markets can allow investors and traders to profit from several bullish markets, but also inevitable bearish crypto markets.

Eightcap is committed to providing a personalised trading experience for derivatives traders via industry-leading trading platforms, a wide range of trading tools, top-tier educational resources and 24/5 customer support. The broker is regulated in multiple jurisdictions, including ASIC, FCA, CySEC and the SCB.

Overall, on our Eightcap review, the broker scores an excellent 4.6 out of 5.0. Eightcap is a great choice for traders looking for safety of funds and a highly regulated broker in the EU and Australia. Eightcap is also a recommended broker for all types of traders (novice and experienced) for its great range of trading tools and the compressive offer of markets available for trading. In concluding our review of Eightcap, we would like to highlight its competitive pricing and overall low cost of trading, completed with a zero-fee policy for deposits/withdrawals.

Data supplied in partnership with CashBackForex - Forex Rebates places Eightcap on the top 10 brokers for popularity with traders opening an account in 2022.

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