Eightcap Review

Minimum Deposit: $100 VISIT BROKER
Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

EXANTE is a next generation investment company that provides access to a variety of financial services, focusing on international financial markets. They are reliable and equipped with the latest technologies. They believe in building customer trust and long-term relations. EXANTE have a professional trading environment that is fast, intuitive and secure, with quick customer support. You can trade 400,000+ financial products with your single multi-currency account on any device.

Eightcap Review


Established in Melbourne, Australia, Eightcap is an online brokerage firm that was introduced in 2009 and has significantly grown 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 several competitive trading conditions including low spreads from just 0.0 pips, zero 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 over 200 financial instruments across various CFD asset classes, such as forex, indices, shares, commodities, and cryptocurrencies. You are provided with the popular MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. The minimum deposit required to start trading is $100 and free demo accounts are also available which can be a great way to get a feel for the broker before making any financial commitment.

8.1Expert Score
Eightcap Rating

Start trading on low spreads with Eightcap and choose from over 200 financial instruments with a zero-commission account and tight spreads. You can trade and invest in Forex, Stocks, Cryptos and Commodities, all within a regulated environment through a globally renowned CFD broker.

Trading Products
Commissions and Fees
Platforms and Tools
Research and Education
Deposit and Withdrawal

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 MT4 and MT5 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, 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.

  • Regulated by various financial authorities
  • Advanced trading platforms: MT4 and MT5
  • A reliable client support team
  • Secure payment options
  • Low trading fees
  • Commission-free accounts are available
  • Tight spreads from 0.0 pips
  • Over 200+ trading instruments
  • A good selection of educational resources
  • Capitalise.ai & FX Blue Labs
  • Supports automated trading
  • Minimum $100 deposit
  • No fixed spread accounts
  • A demo account is available for a limited period
  • No crypto account funding
  • Does not have Islamic accounts
  • No USA clients

Eightcap Review

Trading Products

Traders can easily find an asset to trade at Eightcap since the broker offers a wide selection of over 200 financial instruments across different asset classes, including CFDs on forex, commodities, indices, shares and cryptocurrencies.

At Eightcap, you can trade more than 40 major, minor, and exotic forex pairs. In addition to the FX pairs, you are offered over 250 shares and cryptocurrency pairs, 10+ popular indices, and various commodities, including gold, silver, and oil CFDs.

Eightcap Instruments Summary

Eightcap Instruments

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. Most times, accounts with zero commissions have higher spreads as the trading fees are incorporated into the spreads as a mark-up.

Eightcap charges zero commissions on the Standard account with variable spreads that range from 0.5 to 1.8 pips. On the Raw account, traders enjoy tight spreads starting from 0.0 pips. But the Raw account has a commission fee of $3.5 per side or $7 lot per 100k traded. This means that:

  • For a 1 Standard Lot trade (100,000 units), traders will pay a $7.0 commission to open and close a trading position;
  • For a 1 Mini Lot trade (10,000 units), traders will pay a $0.7 commission to open and close a position; and
  •  For a 1 Micro Lot trade (1,000 units), traders will pay a $0.07 commission to open and close the position.

While a commission fee of $7 per round trip on the Raw account is similar to the commission fees of their major competitors, the broker could do better. Some brokers offer as low as $4 per round turn, Admirals being worth a look if you want to try and save on fees as much as possible. That being said, I think the Eightcap overall costs are very reasonable and they do provide a good range of products and services when all things are considered.

FeeStandard AccountRaw Account
Commission (per standard lot per side)$0$3.5
Spreads from0.50.0
Eightcap Fees

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 of up to $20 or more.

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

Platforms and Tools

In the absence of a proprietary trading platform, Eightcap provides traders with the powerful and popular MT4 and MT5 trading platforms. Hence, you can trade all the available Trading Products (forex, indices, and commodities) using either of these top trading platforms.

MetaTrader 4

All trading activities at Eightcap can be done on the MT4 trading platform. It is an intuitive trading platform that was developed in 2005 by a trading software company known as MetaQuotes. The platform is designed to suit traders of all levels with a user interface that is user-friendly yet packed with versatile functionalities, such as live quotes, real-time charts, in-depth news and analytics. It features charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more.

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 MT4 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

  • Nine timeframes
  • Trade automation via expert advisors (MQL4)
  • Thousands of plugin apps
  • Several pre-installed indicators
  • Analysis tools
  • Flexible order types
  • 28 additional Smart Trader Tools
  • Multiple chart setups to help you to control your position
  • User-friendly trading interface
  • Fully customisable
  • Web, desktop and mobile
  • Hedging allowed
  • Scalping allowed
MetaTrader 4 (MT4)
MetaTrader 4 (MT4)

MetaTrader 5

The MT5 trading platform was introduced in 2010 to make up for the absent features in its predecessor — the MT4 trading platform. In addition to having all the features of the MT4 trading platform, the MT5 trading platform comes with extra features and extended capabilities, such as 38 technical indicators, 21 timeframes, MQL5 programming language, and more. And just like the MT4, it is available on desktop, web, and mobile platforms. The mobile trading platform is convenient for traders who wish to access their trading account and place trades even while on the go, as long as there is an internet connection.

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
MetaTrader 5 (MT5)
MetaTrader 5 (MT5)

Eightcap Platforms Summary

MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Social Tradingx
Other x
Eightcap Platforms



One of the perks you will get when you sign up with Eightcap is free access to Capitalise.ai. It is an essential app that allows users to automate their trading strategies using plain English without writing any complex code. Other essential features of Capitalise.ai include the following:

  • The app scans the markets around the clock and executes trades using real-time data, tech indicators, and macroeconomics
  • It enhances efficiency in traders’ buying power
  • It allows traders to back test their strategies
  • The Capitalise.ai documents your essential trading data throughout the entire trading process
  • It offers rapid responses and real-time notifications via email or the mobile app
Capitalise Tools
Capitalise Tools

FX Blue Labs

This tool allows you to seamlessly customize your trades with cutting-edge widgets, trading apps, and charts. It offers a suite of essential apps that are developed to help traders to get an optimal trading experience. Some of the apps provided by the FX Blue Labs include the following:

  • Alarm Manager
  • Correlation Matrix
  • Correlation Trader
  • Excel RTD
  • Market Manager
  • Mini Terminal
  • Sentiment Trader
  • Session Map
  • Stealth Orders
  • Tick Chart Trader
  • Trade Terminal, and more.
FX Blue Labs
FX Blue Labs

Proprietary Trading

Eightcap work with some of the best prop trading firms. This allows talented traders to get access to a funded account if they can pass a trading challenge. That involves reaching profit targets whilst using sensible money management and following some certain rules. This can be a good option to consider for anyone who has talent and a successful trading strategy, but are lacking the capital to get started.

Eightcap Review

Research and Education

Trading Academy

The “Learn” section at the top of the broker’s website contains a trading academy that is packed with various learning resources, such as trading courses, learning articles, MetaTrader guides, trading strategies, trading basics, and more. If you are new to trading online then I think Eightcap can be a good choice because you will have free access to plenty of educational content to help you get started.

The ‘Fundamentals’ section contains articles on the basics of forex trading. It also introduces forex trading, stocks, spread, pips, swap rates, charts, and more. The MetaTrader Guides contains articles on the MetaTrader platforms, including ‘how to install EAs’, open and close trades, and enable one-click trading. While the ‘Trading Strategy’ section contains articles on how to use various indicators. Some of the indicators are Elliot waves, MACD indicator, Bollinger Bands, and more. It also looks at risk management, trading strategies and trading psychology.

Economic Calendar

There is an economic calendar on the broker’s website. It helps traders in their decision-making process by displaying the schedule of future market events and their expected impacts on the financial markets. The information provided by the economic calendar helps traders to effectively plan their trading moves with reference to upcoming economic releases and market events from around the world.

News and Market Updates

This section of the broker’s website is dedicated to providing traders with insights on the latest market updates. It contains frequently updated news articles that keep traders aware of the events that take place in the financial markets from time.


The FAQ section is located under the ‘Client Support” tab at the bottom page of the broker’s website. It contains an extensive list of traders’ most common questions and their corresponding answers. The FAQ section provided by Eightcap covers the following topics: General Information, Trading Accounts, Funding & Withdrawals, Login Problems, Platform Issues, and Trading.

Eightcap Research and Education Summary

Market Analysis
Trading Centralx
Economic Calendar
Other (Capitalise.ai, FX Blue Labs, and FAQs)
Eightcap Resources

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 following base currencies: United States Dollar, Euro, Great British Pound, Australian Dollar, New Zealand Dollar, Singapore Dollar, and Canadian Dollar.

The broker 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. Whilst there is a good range of payment options, they do not accept cryptos at this time. If you are looking to fund your account with crypto, then you might want to consider Axi instead.

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 $100. This is not the lowest deposit you will find. There are other brokers who will let you open a real account with just $1, including Fusion Markets.

Eightcap Funding Summary

Payment MethodDepositWithdrawal
Wire Transfer
Credit/debit Card
Electronic Wallets
Eightcap Funding Options

Eightcap Review

Regulation and Safety

Eightcap is the trading brand of Eightcap Pty Ltd, which is registered in Australia. The broker is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).

The Australian Securities and Investment Commission (ASIC) is a top tier financial authority that is reputed for offering strict regulations. ASIC regulates the broker’s trading services in Australia only, while services to other countries across the globe are executed by Eightcap Global Limited and regulated by the Vanuatu Financial Services Commission (VFSC).

Eightcap Global Limited is also regulated by The Securities Commission of the Bahamas (SCB).

However, the absence of a CFTC regulation is an indication that the broker cannot provide its services to US citizens or residents. If you are looking for a USA broker then IG would be my top choice.

Eightcap Regulation Summary

ASIC (Australia)
IIROC (Canada)x
CySEC (Cyprus)x
SFC (Hong Kong)x
JFSA (Japan)x
MAS (Singapore)x
FINMA (Switzerland)x
Other (VFSC, SCB)
Eightcap Regulators

Eightcap Safety

Eightcap’s regulation from ASIC provides traders with the security that comes from trading with a regulated online trading broker. This is because the broker is expected to comply with the strict regulatory policies of this tier-one financial authority. Their compliance with the policies of ASIC and other regulatory authorities offers an assurance of optimal transparency and secure trading.

Clients’ funds are held in the top-rated banks and carefully segregated from the broker’s funds. These funds are kept in the ‘National Australia Bank’, an AA-rated bank with more than 30 years of operations, over 1,590 branches, and a client base of about 12.7 million. This helps to reduce the risk of financial fraud. To ensure compliance, all records are audited by external auditors.

The broker’s websites and servers are protected by a 128-bit Secure Socket Layer (SSL). This technology encrypts all user information before it is transmitted over the internet. This gives further protection to the clients as it provides extra security and reliability to the network.

Eightcap Review

Client Support

The broker 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 currently provide support services in English, Chinese, Thai, Korean, French, Spanish, Italian, German and Vietnamese. The support team can be reached via any of the following contact channels: telephone, email, and online chat. Unfortunately, support is only 24/5 and not available on weekend. If you would prefer 24/7 support then you might want to consider FP Markets as an alternative option.

Eightcap Review


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, various live account options, free demo accounts and multiple payment methods.

The minimum deposit required to start trading is $100 which is not the lowest and I would like to see them offer 24/7 support. They could also accept crypto payments to keep up with some of the best brokers in the industry. Other than these minor discrepancies, I think they are a top choice of broker for anyone who is looking to trade online in a secure and enjoyable manner.

Everything that you find on InvestingBrokers.com is based on information and data that is readily available from each broker that we have reviewed. We combine our 15+ years of industry experience with research, analysis and user feedback. This enables us to give an impartial and reliable broker rating. You can read more about our broker review process here.

Eightcap Review


When was Eightcap founded?

Eightcap was founded in 2009.

Where is Eightcap located?

The broker is located in Melbourne, Australia.

Is Eightcap regulated?

Yes. The broker is regulated by the Australian Securities and Investment Commission (ASIC), the Vanuatu Financial Services Commission (VFSC) and the Securities Commission of the Bahamas (SCB).

What trading instruments does Eightcap offer?

Eightcap allows trade to buy and sell over 200 financial instruments across various CFD asset classes, such as forex, indices, shares, commodities, and cryptocurrencies.

What is Eightcap’s minimum deposit?

The minimum deposit to start trading with Eightcap is $100.

What trading platforms does Eightcap offer?

The broker offers the popular MT4 and MT5 trading platforms, which are available desktop, web, and mobile versions.

What is Eightcap’s commission fee?

The broker charges zero commissions on the Standard account, while a commission fee of $3.5 per standard lot per side is charged on the Raw account.

Does Eightcap charge an inactivity fee?

No. Eightcap does not charge an inactivity fee on dormant accounts.

What are Eightcap’s spreads?

The broker offers low variable spreads starting from as low as 0.0 pips.

What funding options does Eightcap offer?

Eightcap offers a good choice of multiple funding options, including bank transfers, credit/debit cards, and some popular online payment gateways.

Does Eightcap offer demo trading?

Yes. Eightcap offers a demo account for practice purposes.

Does Eightcap offer Islamic accounts?

No. Eightcap does not offer an Islamic account to Muslim traders.

How do I contact Eightcap customer support?

The broker’s client support team can be reached via any of the following contact channels: telephone, email, and online chat.
Eightcap Review
Eightcap Review
Minimum Deposit: $100
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