Eightcap Review 2025: Trusted Forex Broker with 800+ Instruments & Tight Spreads

Overview

Eightcap presents itself as an established forex and CFD broker with a complex history. While the company claims a 2009 founding date, external sources and business registries indicate establishment in 2015, creating a notable discrepancy that traders should consider. Headquartered in Melbourne, Australia, Eightcap has expanded its operations across multiple jurisdictions, serving clients in Europe, Asia, and the Middle East through various regulatory entities.

The broker has garnered recognition in recent years, notably receiving the "Best Overall Broker 2024" and "Best Crypto Broker 2024, 2025" awards from DayTrading.com, along with recognition for market-leading cryptocurrency CFDs from ForexBrokers.com. These accolades reflect Eightcap's focus on providing competitive trading conditions and expanding their cryptocurrency offerings.

Operating under multiple regulatory frameworks, Eightcap offers access to approximately 800 CFD instruments across forex, indices, commodities, shares, and cryptocurrencies. The broker provides traders with popular platforms including MetaTrader 4, MetaTrader 5, and TradingView, maintaining a minimum deposit requirement of $100 across account types.

visit their official website at eightcap.com.

Overview Table

Aspect	Details
Foundation Year	2009 (claimed) / 2015 (external sources)
Headquarters	Melbourne, Australia
Regulation	ASIC, FCA, CySEC, SCB, FSA (Seychelles)
Tradable Instruments	~800 CFDs
Trading Platforms	MT4, MT5, TradingView
Minimum Deposit	$100
Maximum Leverage	1:30 (EU/UK/AU retail), 1:500 (offshore)
Spread (EUR/USD)	From 0.0 pips (Raw), 1.0 pips (Standard)
Customer Support	24/5 multilingual support
Negative Balance Protection	Jurisdiction-dependent (not universal)

 

Eightcap Licenses and Regulatory

Eightcap operates under a multi-jurisdictional regulatory structure that provides varying levels of client protection depending on the trader's location and account type. The broker maintains licenses from both top-tier and offshore regulators, creating a complex regulatory landscape that traders must navigate carefully.

The Australian Securities and Investments Commission (ASIC) oversees Eightcap Pty Ltd under AFSL number 391441, providing strong regulatory oversight for Australian clients. The Financial Conduct Authority (FCA) in the United Kingdom regulates Eightcap Group Ltd under registration number 921296, ensuring compliance with stringent European standards. Cyprus-based operations fall under CySEC regulation (license 246/14), while the Securities Commission of The Bahamas (SCB) and Financial Services Authority (FSA) of Seychelles provide oversight for international clients.

Regulatory Licenses List

• ASIC (Australia) - License #391441
• FCA (United Kingdom) - Registration #921296
• CySEC (Cyprus) - License #246/14
• SCB (Bahamas) - License #SIA-F220
• FSA (Seychelles) - Additional offshore entity

Trading Instruments

Eightcap provides access to nearly 800 CFD instruments, though the exact number varies across sources. The broker's asset portfolio spans multiple markets, offering traders opportunities to diversify their trading strategies across different instrument classes.

Asset Class	Details	Approximate Count
Forex Pairs	Major, minor, and exotic currencies	~40 pairs
Indices	Global stock market indices	7 major indices
Commodities	Precious metals, energies, agriculture	Various
Shares	CFDs on individual stocks	Selected markets
Cryptocurrencies	Bitcoin, Ethereum, and others	4 major cryptos

The forex offering includes approximately 40 currency pairs, covering major pairs like EUR/USD, GBP/USD, and USD/JPY, along with selected minor and exotic combinations. Index trading focuses on seven major global indices including the S&P 500, NASDAQ, and FTSE 100. Cryptocurrency CFDs cover four primary digital assets, though availability varies by jurisdiction, with UK retail clients notably excluded from crypto trading due to FCA regulations.

Trading Platforms

Eightcap supports three primary trading platforms, each catering to different trader preferences and experience levels. The platform selection reflects industry standards while incorporating some unique integrations.

MetaTrader 4 remains the most popular choice, featuring integration with Capitalise.ai for code-free automation strategies. MetaTrader 5 offers enhanced functionality with FlashTrader integration for improved order execution. TradingView provides web-based charting and social trading features, though its availability as a discrete account type varies by region.

Trading Platforms Comparison

Feature	MT4	MT5	TradingView
Capitalise.ai Integration	Yes	No	No
FlashTrader Integration	No	Yes	No
Web Version	Yes	Yes	Yes
Mobile Apps	Yes	Yes	Yes
Automated Trading	Yes	Yes	Limited
Charting Tools	Standard	Advanced	Extensive
Social Features	No	No	Yes

 

Eightcap How to Open an Account: A Step-by-Step Guide

Opening an account with Eightcap is a straightforward process that can be completed online in a matter of minutes. With a user-friendly interface and clear instructions, Eightcap ensures that traders can start their journey with ease.

Requirements

To open an account with Eightcap, you must meet the following requirements:

• Be at least 18 years old
• Provide a valid form of identification (e.g., passport, driver's license, or national ID card)
• Provide proof of residence (e.g., utility bill or bank statement)
• Have a valid email address and phone number

Account Registration Process

1. Click on the "Open an Account" button on Eightcap's website.
2. Fill in your personal information, including full name, email address, phone number, and country of residence.
3. Choose your account type (Standard or Raw) and preferred trading platform (MT4, MT5, or TradingView).
4. Provide your identification and proof of residence documents by uploading clear, legible images.
5. Answer a series of questions to assess your trading experience and knowledge.
6. Read and agree to Eightcap's terms and conditions.
7. Submit your application and wait for confirmation from Eightcap.

Charts and Analysis

Eightcap's educational offerings through Eightcap Labs provide adequate but not exceptional learning materials. The resources are sound for intermediate traders but fall short of industry leaders' comprehensive educational programs. The broker offers standard materials including:

Tool/Feature	Description	Availability
Chart Types	Candlestick, Line, Bar, Area	WebTrader & Mobile
Indicators	100+ technical indicators	All platforms
Drawing Tools	20+ tools (trendlines, Fibonacci, channels)	All platforms
Timeframes	Tick to Monthly	All platforms
+Insights	Real-time trader sentiment & positioning	Exclusive feature
Market Analysis	Daily articles, weekly videos	Website/Platform
Economic Calendar	Major economic events schedule	All platforms
Price Alerts	Custom notifications	All platforms
Save Layouts	Store favorite chart setups	WebTrader

Eightcap Account Types

Eightcap offers two primary live account types—Standard and Raw—with demo accounts available for practice trading. The TradingView account, while mentioned in marketing materials, may not be universally available as a distinct account type across all regions.

The Standard Account suits traders preferring commission-free trading with spreads starting from 1.0 pip. The Raw Account targets experienced traders seeking tighter spreads from 0.0 pips with a $3.50 commission per lot on forex pairs. Both accounts require a $100 minimum deposit and offer leverage up to 1:500 for offshore clients, though EU, UK, and Australian retail clients face leverage restrictions of 1:30.

Account Types Comparison

Feature	Standard Account	Raw Account
Minimum Deposit	$100	$100
Spreads (EUR/USD)	From 1.0 pips	From 0.0 pips
Commission	None	$3.50 per lot
Maximum Leverage	1:30-1:500*	1:30-1:500*
Platforms	MT4, MT5	MT4, MT5
Minimum Trade Size	0.01 lots	0.01 lots
Islamic Account	Available	Available

*Leverage depends on regulatory jurisdiction and client classification

Negative Balance Protection

Critical clarification: Negative balance protection is NOT universally available as initially suggested. This protection applies exclusively to retail clients under specific regulatory jurisdictions (EU, UK, Australia). Professional clients and those trading through offshore entities may not receive this protection, exposing them to potential losses exceeding their deposited funds. The limited scope of negative balance protection represents a significant risk factor that traders must carefully consider. During extreme market volatility, traders without this protection could face debts to the broker if positions move severely against them. This reality contrasts sharply with marketing materials suggesting comprehensive protection for all clients.

Eightcap Deposits and Withdrawals

Eightcap maintains a straightforward deposit and withdrawal process with no broker-imposed fees, though third-party charges may apply. The minimum deposit stands at $100 across all account types, while minimum withdrawal amounts are set at $100 for most methods, contrary to some sources claiming $50 minimums.

Payment Methods

Method	Deposit Time	Withdrawal Time	Minimum Amount	Fees
Credit/Debit Cards	Instant	1-3 days	$100	None*
Bank Wire	1-3 days	2-5 days	$100	None*
E-wallets	Instant	1-2 days	$100	None*
Local Methods	Varies	Varies	$100	None*

*Eightcap charges no fees; third-party fees may apply

Support Service for Customer

Eightcap provides 24/5 customer support through multiple channels, though the quality and availability vary. While the broker claims support in multiple languages, the exact number fluctuates, and phone support availability has received mixed reviews from users.

Support Channels Comparison

Channel	Availability	Response Time	Languages
Live Chat	24/5	Minutes	Multiple
Email	24/5	Within 24 hours	Multiple
Phone	24/5*	Immediate*	Multiple
Social Media	Variable	Variable	English

*Some users report inconsistent phone support availability

Prohibited Countries

Eightcap cannot serve clients from an extensive list of restricted jurisdictions due to regulatory constraints and compliance requirements. The prohibited list extends beyond initially disclosed countries:

Restricted Jurisdictions

Countries where Eightcap cannot operate:

• United States, Russia, North Korea, Iran, Pakistan
• Japan, Israel, Turkey, Venezuela
• Afghanistan, Belarus, Cuba, Iraq, Syria
• Various other countries subject to AML/CFT restrictions

Special Offers for Customers

Eightcap has deliberately moved away from traditional bonus schemes, focusing instead on providing value through competitive trading conditions and tool integrations. No major public bonus programs or promotional offers are currently available, reflecting the broker's emphasis on sustainable service delivery over marketing incentives.

Conclusion

As I conclude this thorough examination of Eightcap, I must address the critical findings that emerged through fact-checking and verification. Throughout my analysis of their operations, regulatory compliance, trading conditions, and service offerings, I've uncovered both strengths and concerning discrepancies that traders must carefully consider.

The most significant issue I encountered is the founding date discrepancy—Eightcap claims establishment in 2009, while external sources and business registries indicate 2015. This six-year gap raises immediate questions about transparency and historical claims. Additionally, their negative balance protection, initially presented as universal, actually applies only to retail clients in specific jurisdictions, leaving many traders potentially exposed to losses exceeding their deposits.

Despite these concerns, I found Eightcap maintains legitimate operations through multiple regulatory licenses, including top-tier authorities like ASIC, FCA, and CySEC. Their competitive trading conditions, particularly the Raw Account with 0.0 pip spreads and no deposit/withdrawal fees, position them favorably against competitors. The $100 minimum deposit makes them accessible, though I must emphasize this accessibility comes with the high-risk nature of CFD trading.

Based on my comprehensive analysis, I conclude that Eightcap operates as a legitimate but imperfectly transparent broker. They're suitable primarily for experienced CFD traders who can navigate the discrepancies between marketing claims and actual services. The broker's regulatory oversight provides essential protection, but traders must verify all features specific to their jurisdiction before committing funds.

Eightcap FAQs

About the Author

Arash Doostelahi

Arash Doostelahi is a dynamic content writer and online course creator based in Tehran, Iran, with expertise in content strategy, instructional design, and digital storytelling. Leveraging a blend of creativity and technical skills, Arash delivers...

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