Eightcap Review
Eightcap is one of the best regulated brokers for trading CFDs on top trading platforms with low fees, tight spreads & fast trade execution speeds
Eightcap Review
Summary
Established in Melbourne, Australia, Eightcap is an online brokerage firm that was introduced in 2009 and has significantly grown into one of the best trading brokers with offices across the globe. The broker is committed to ensuring that traders enjoy exceptional trading services in a regulated environment. As a result, they provide traders with industry leading trading conditions including low spreads, competitive commissions, multiple payment methods, and much more. They are regulated in various jurisdictions to ensure that traders enjoy an enhanced trading experience with peace of mind.
Having an account with Eightcap allows you to buy and sell hundreds of financial instruments across various CFD asset classes, such as forex, indices, shares, commodities, and cryptocurrencies (does not offer crypto CFDs to retail clients in UK). You are provided with the popular MetaTrader & TradingView trading platforms, which are available in desktop, web, and mobile versions. The minimum deposit required to start trading is just £/€100 and free demo accounts are also available which can be a great way to get a feel for the broker before making any commitment.
Eightcap Review
Pros and Cons
There are many things to love about Eightcap. The broker has been operating actively since 2009, which clearly shows that they have a wealth of experience in financial markets trading. They are regulated by various financial authorities in multiple locations while offering a vast selection of trading instruments.
The broker’s clients are allowed to trade with the sophisticated MetaTrader & TradingView trading platforms along with a selection of helpful trading tools. There are various learning resources and a knowledgeable client support team to assist traders. They offer various favourable trading conditions, including tight spreads from 0.0 pips (1.0 pips UK), low trading fees, various live account options, demo account, and more. I think they can be a good choice for anyone who is looking to trade online without any hassle.
Eightcap Review
Trading Products
Traders can easily find an asset to trade at Eightcap since the broker offers a wide selection of CFD instruments across different asset classes.
At Eightcap, you can trade major, minor, and exotic forex pairs. In addition to the FX pairs, you are offered shares and cryptocurrency pairs (does not offer crypto CFDs to retail clients in UK), popular indices, and various commodities, including gold, silver, and oil CFDs. Whatever your interests, there is something for everyone to trade.
Eightcap Instruments Summary
| Instruments | Eightcap |
|---|---|
| Forex | ✓ |
| Stocks | ✓ |
| Indices | ✓ |
| Commodities | ✓ |
| Cryptos (does not offer crypto CFDs to retail clients in UK) | ✓ |
| Options | x |
| Bonds | x |
| ETFs | x |
| CFDs | ✓ |
Eightcap Review
Commission and Fees
Commission and Spread Fees
Eightcap would charge traders a small fee when they execute trades. This is known as the commission fee, and it varies depending on the account type you are trading with. Besides charging commission fees, brokers also make money from the spreads they charge on clients’ trades. Spreads represent the difference between an instrument’s buy and sell price.
Eightcap charges zero commissions (commission on Share CFDs) on the Standard account with variable spreads. On the Raw account, traders enjoy tight spreads starting from 0.0 pips (1.0 pips UK). But the Raw account has a small commission fee. Overall, the trading costs are some of the lowest you will find.
The minimum trade size is 0.01 lots and the maximum trade size is 100 lots.
Deposit and Withdrawal Fees
Eightcap does not charge any internal fees for deposits and withdrawals. However, when you carry out international bank wire transfers, the bank may charge you a receiving fee.
Also, traders may be subjected to currency conversion fees if they transfer funds in a currency that is different from their account base currency. For example, deposits and withdrawals to and from non-Australian banking institutions come with intermediary transfer and conversion fees.
Inactivity Fees
Unlike many brokers, Eightcap does not charge a fee on your trading when you leave it dormant for a specific period. This is good as some brokers would charge high monthly fees on clients’ inactive accounts.
Eightcap Review
Trading Platforms
In the absence of a proprietary trading platform, Eightcap provides traders with the powerful and popular MetaTrader & TradingView trading platforms. Hence, you can trade all the available Trading Products (forex, indices, and commodities) using either of these top trading platforms.
MetaTrader 4
MetaTrader 4 (MT4) has long been regarded as one of the most popular trading platforms worldwide, and it continues to stand out for its simplicity, flexibility, and powerful tools. Designed with both beginners and professionals in mind, MT4 makes it easy to navigate the markets while offering the advanced features needed for serious trading. Its clean interface and reliable performance have made it a trusted choice for millions of traders across the globe.
What makes MT4 especially appealing is its adaptability. The platform gives access to a wide variety of financial markets, from forex and commodities to indices and CFDs, all in one place. Its advanced charting system allows traders to track price movements, apply technical indicators, and analyze different timeframes with ease. Whether your style is quick scalping, short-term day trading, or longer-term strategies, MT4 provides the tools to support your approach.
Automation is another major strength of MT4. Through Expert Advisors (EAs), traders can set up strategies that run automatically, executing trades around the clock without the need for constant monitoring. This helps remove emotions from trading decisions while saving time. On top of that, the strong community around MT4 means there are countless resources, forums, and custom tools available for traders to learn from and enhance their setup.
In short, MT4 combines ease of use with professional-grade functionality, making it an ideal platform for traders of all levels. Its balance of accessibility and sophistication is why it remains one of the most reliable and widely used trading platforms in the world.
MetaTrader 5
MetaTrader 5 (MT5) is one of the most versatile and powerful trading platforms available, offering a robust suite of tools for traders of all levels. Designed as the successor to MetaTrader 4, it goes beyond forex trading and provides access to stocks, commodities, indices, futures, and cryptocurrencies. Its multi-asset capabilities make it a true all-in-one platform for anyone looking to diversify their portfolio and explore new markets, all while benefiting from the familiar and intuitive interface that MetaTrader platforms are known for.
One of the standout features of MT5 is its advanced analytical toolkit. Traders can access dozens of built-in indicators, customizable charting options, and 21 different timeframes to better understand market movements. You can also download free custom MetaTrader indicators to further enhance your trading strategies. The platform also supports algorithmic trading through Expert Advisors (EAs), allowing users to automate strategies and backtest them with historical data. This combination of manual and automated trading possibilities empowers traders to refine their strategies, save time, and execute trades with greater precision.
Beyond its technical capabilities, MT5 is also highly user-friendly and accessible across devices. Whether you’re on a desktop, web browser, or mobile app, the platform provides seamless synchronization so you can monitor and manage trades wherever you are. Its flexible system of pending orders, depth of market display, and built-in economic calendar further enhance decision-making. Overall, MetaTrader 5 has become a trusted choice for traders worldwide because it combines powerful technology with convenience, making the trading experience more efficient, strategic, and enjoyable.
I think this is the ideal platform for beginners because I find it to be so easy to use. It has everything you need in a trading platform for analysing the markets, buying and selling your favourite instruments. It is free to use and suitable for both manual and automated trading. I have used this particular platform for many years and never needed to switch to anything else because it does all that I need it to and more.
The MT5 trading platform is available as a desktop application for Windows and Mac computers, WebTrader, and a mobile app for Android and iOS devices. The web version can also run directly on most modern web browsers, including Chrome, Safari, Firefox, and Edge.
Platform Features
- Automation of trade using MQL5
- Fully customisable platform
- Access Smart Trader Tools and Autochartist
- Faster processing speeds
- Hedging allowed
- Built-in economic calendar
- 38 inbuilt indicators
- Maximum of 500 total orders
- 21 timeframes
- Advanced pending orders
- Easy-to-use user interface
- Web, desktop and mobile
- Hedging allowed
- Scalping allowed
TradingView
TradingView is a powerful, modern platform that has quickly become a favorite among traders and investors worldwide. Known for its sleek design and intuitive interface, it offers a seamless experience for analyzing financial markets across stocks, forex, cryptocurrencies, indices, and commodities. Whether you’re a beginner looking to learn the basics or an experienced professional seeking advanced charting tools, TradingView provides everything you need in one accessible, browser-based solution.
One of its biggest strengths is the quality and flexibility of its charts. TradingView offers a vast library of technical indicators, customizable drawing tools, and multiple chart types that help traders interpret price action with precision. Its Pine Script programming language also allows users to create their own indicators and strategies, making the platform highly adaptable to personal trading styles. Combined with its ability to backtest and experiment with ideas, it’s an excellent environment for refining and developing strategies.
Beyond technical features, TradingView thrives as a social platform. Traders can share their analyses, publish trade ideas, and engage in discussions with a global community of like-minded individuals. This interactive element not only provides valuable insights but also helps foster learning and collaboration. With easy access from desktop, web, and mobile, TradingView ensures traders stay connected to the markets anytime, anywhere. It’s this combination of powerful tools, accessibility, and community that makes TradingView one of the most dynamic and inspiring platforms for market analysis today.
Platform Features
- Advanced Charting Tools – Highly customizable charts with multiple types (candlestick, bar, line, Heikin Ashi, Renko, etc.).
- Fully Multiple Timeframes – From seconds to months, allowing for flexible analysis.platform
- Huge Library of Indicators – Hundreds of built-in technical indicators, plus thousands created by the community.
- Drawing Tools – Trend lines, Fibonacci retracements, pitchforks, and many more for detailed chart annotations.
- Pine Script Language – Customizable coding environment for building your own indicators, strategies, and alerts.
- Strategy Backtesting – Test trading strategies against historical data to evaluate performance.
- Custom Alerts – Price, indicator, or strategy-based alerts delivered via app, email, or SMS.
- Cross-Asset Coverage – Access to stocks, forex, crypto, commodities, ETFs, and indices.
- Economic Calendar – Integrated calendar with key financial events to support fundamental analysis.
- Social Trading Community – Ability to share trade ideas, publish charts, and interact with traders worldwide.
- Multi-Device Access – Seamless use across web, desktop, and mobile apps.
- Multiple Chart Layouts – View several charts on one screen to track different markets simultaneously.
- News Integration – Real-time financial news feeds and sentiment tools.
- Broker Integration – Trade directly through supported brokers without leaving the platform.
Eightcap Review
Trading Tools
Eightcap Labs
Eightcap Labs serves as a thoughtfully designed educational hub that bridges the gap between theory and real-world trading. Its primary mission is to help traders—regardless of experience level—trade more effectively and confidently. Whether you’re just starting to explore financial markets or you’re an experienced trader aiming to sharpen your strategies, Eightcap Labs offers tailored guidance to support your growth.
At the heart of Eightcap Labs is a rich, structured learning ecosystem. It encompasses articles, strategy guides, and eBooks that cover everything from trading fundamentals to more advanced techniques. The educational materials are carefully curated to address varying proficiency levels—from foundational concepts like market dynamics to in-depth technical and fundamental analysis.
By positioning itself as a platform that couples theoretical knowledge with practical application, Eightcap Labs empowers traders to make well-informed decisions. Whether you’re looking to master platforms like MetaTrader or delve into strategy crafting, the Lab ensures you have access to resources that support both learning and execution.
Overall, Eightcap Labs stands out as an invaluable educational resource within the Eightcap ecosystem. It not only boosts trading literacy but also aligns educational content with actionable practices, enabling traders around the world to grow their skills, confidence, and market understanding.
AI-powered Economic Calendar
Eightcap’s AI-Powered Economic Calendar is a game-changing tool designed to empower traders with deeper, smarter insights into global market events. Harnessing a cutting-edge AI and big-data engine, it analyzes over 1,000 macroeconomic events across more than 100 countries to deliver timely, data-driven daily trade ideas—helping traders stay ahead in an ever-changing market environment.
What truly sets this calendar apart from traditional economic event trackers is the quality and clarity of its insights. Instead of merely listing upcoming events, it explains why a particular event matters, predicts how the market might react, estimates the magnitude of the reaction, and gauges how quickly those impacts could unfold. This blend of context and foresight transforms raw data into actionable intelligence.
The calendar also employs intuitive visual elements—like color-coded indicators for high, medium, and low-impact events—to help traders prioritize what matters most. Events are methodically categorized based on their expected market impact, making it easier to filter noise and focus on meaningful opportunities.
Accessibility is another standout feature. As an integrated tool within the Eightcap client portal, it’s easily accessible for all account holders, and can even function as an EA (Expert Advisor) tab within MetaTrader 4 or 5. This means traders can access powerful AI-generated insights and sentiment data without leaving their trading environment—a seamless blend of analysis and execution.
Eightcap Review
Deposit and Withdrawal
The broker provides traders with a plethora of secure payment methods to ensure the ease of depositing and withdrawing funds to and from clients’ accounts. But to avoid being charged with some currency conversion fees, you should ensure that your trading account is denominated in any of the many base currencies that they provide – GBP, EUR, USD.
Eightcap allows you to instantly fund or withdraw from your trading account through the broker’s encrypted client portal payment gateway. All you have to do is log into your secure client portal and choose the payment method of your choice from the list of available payment options: Bank wire, credit cards, and various electronic payment processors. But, always bear in mind that the broker processes withdrawals using the same payment method that was used for account deposits.
The time taken to process transactions may vary depending on the payment method in use. For instance, bank wire transfers may take up to 1 to 3 days to be processed, while some e-wallet payments are instant and allow you to manage your funds in real-time. The minimum deposit required to start trading at Eightcap is just £/€100.
For UK clients, card payments (debit/ credit) and bank transfers are the only options available. No internal fees on deposits, but deposits from non-UK banks may incur intermediary transfer or conversion fees, which will be passed on. Additional fees may apply, including transaction and rollover charges (such as triple swap charges on Wednesdays for weekend settlement). These fees are listed on Eightcap’s trading platform or will be notified.
Eightcap Funding Summary
| Payment Method | Deposit | Withdrawal |
|---|---|---|
| Wire Transfer | ✓ | ✓ |
| Credit/debit Card | ✓ | ✓ |
| Electronic Wallets (Not in UK) | ✓ | ✓ |
Eightcap Review
Regulation and Safety
Eightcap is a fully regulated broker, overseen in Australia, UK, Cyprus, The Bahamas, Seychelles, St. Vincent and the Grenadines. As a broker regulated by top-tier financial authorities, Eightcap is required by law to keep client funds and assets completely separate from its own. This practice, known as client fund segregation, is a crucial safeguard that ensures your investments remain protected. You can think of it as keeping your money in a secure vault that the broker cannot access for its own operational costs.
Should the broker ever encounter financial difficulties, your funds would not be used to cover their obligations—they remain fully protected and available only to you. This isn’t an optional policy but a strict regulatory requirement, and it’s a level of protection that only properly regulated brokers are mandated to provide.
In the rare event of fraud or misuse of client assets, additional investor protection schemes may also offer a path to recovering your funds.
The specific financial authority that regulates your account will depend on your country of residence and will correspond to one of the regulators listed below.
Eightcap Regulation Summary
| Regulator | Eightcap |
|---|---|
| ASIC (Australia) | ✓ |
| IIROC (Canada) | x |
| CySEC (Cyprus) | ✓ |
| SFC (Hong Kong) | x |
| JFSA (Japan) | x |
| MAS (Singapore) | x |
| FINMA (Switzerland) | x |
| FCA (UK) | ✓ |
| CFTC (USA) | x |
| Other (SVG FSA, SCB) | ✓ |
Eightcap Review
Client Support
Eightcap provides traders with a knowledgeable client support team who are always available to respond to clients’ general, technical, and account-related inquiries. The broker’s multilingual client support team provide support services via any of the following contact channels: telephone, email, and online chat. You can also reach out to them on various social media channels.
Eightcap Review
Conclusion
Overall, there is a lot that impresses me about Eightcap. They keep things nice and simple but also have a great range of financial products and services that can meet the demands of retail traders and institutional investors alike. You can buy and sell a good selection of financial instruments on user-friendly platforms across all of your desktop and mobile devices.
The broker offers various useful trading tools and educational resources to help you improve your trading strategies. I found them to have very competitive trading conditions, such as tight spreads, zero commissions (commission on Share CFDs), various live account options, free demo accounts and multiple payment methods.
The minimum deposit required to start trading is just £/€100 and free demo accounts are available so that you can familiarise yourself with the broker. I think Eightcap are a top choice of broker for anyone who is looking to trade online in a secure and enjoyable manner.
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.
UK Required Disclaimer: Eightcap is an FCA authorised and regulated broker that offers CFD trading on over 600 markets across forex, indices, commodities, and shares. Eightcap’s UK entity is the only dedicated, specialist TradingView broker in the UK, providing a tailored product experience to get the most out of trading via TradingView.
Eightcap Review
