EightCap Broker Review

Investing & Trading


EightCap was founded in 2009 and is based in Melbourne, Australia. It offers trading services globally and is regulated in several jurisdictions. As a result, you can trust it to offer you excellent service and competitive rates. Eightcap has over 5 offices in different locations and provides services in a wide range of languages.

Opening an account and login

Opening an account with EightCap is a simple process. You’ll need to provide some personal information about yourself, such as your date of birth and country of residence. You’ll also need to choose a password. Once you’ve provided your information, you’ll receive a verification email, which you can use to confirm your account. You can also deposit and withdraw money through your bank account. However, you shouldn’t deposit more than $100.

EightCap is under the supervision of the Australian Securities and Investments Commission (ASIC), so your information is safe. They use industry-standard 128-bit SSL encryption to protect your personal information. You can also add two-factor authentication for your MT4 or MT5 platform, which is recommended for increased security. The company is also compliant with the Privacy Act 1988, Australian Privacy Principles, and the General Data Protection Regulation (GDPR). You can trust Eightcap to protect your personal information and your account.

Eightcap has a customer support team that will help you through the trading process. They are available by phone, email, and live chat, and support agents speak several languages. In addition to English and Japanese, they offer customer support in Chinese, Spanish, French, and Thai. They also offer a range of cryptocurrency derivatives and cryptocurrencies.

Deposit and withdrawal

Eightcap accepts credit cards, debit cards, direct bank transfers, and cryptocurrencies. All of these are secure methods to make deposits and withdrawals. The platform also accepts bank transfers and Poli for international users. Once deposited, these funds will reflect in the customer’s account immediately. To withdraw the funds, the customer must first verify the account by sending a verification email to the email address associated with the account.

Eightcap has a zero-fee policy for its CFD and Forex trading. It also does not charge any withdrawal or inactivity fees. Opening an account is simple and only takes a few minutes. You can complete a brief application form and upload some documents. You can then fund your account with as little as $100 to get started trading.

Eightcap accepts bank cards, e-Wallets, and cryptocurrency. It offers a range of deposit and withdrawal options, and clients can choose the method most convenient for them. Withdrawals are generally processed within 24 hours, depending on the banking service. Withdrawals are free, but the broker does apply fees for intermediary transfers and conversions. Clients should also ensure that the name of the bank account matches the name of the Eightcap account.

Available countries

EightCap offers a great range of trading products, including CFDs and currency pairs. It also offers CFDs on the major cryptocurrencies, such as Bitcoin and Ether, Brent and WTI crude oil, and gold and silver. However, the broker does not offer stocks or other financial products, such as futures or options. Eightcap is available in 12 major financial markets worldwide.

Eightcap does not accept customers from Islamic countries or those seeking swap-free accounts. In addition, it does not support copy trading or social trading. However, the broker does support MAM and PAMM accounts. Leverage ratios of up to 200:1 for Bahamas SCB regulated accounts and 30:1 for other countries are available. EightCap offers a demo account that you can use to get a feel for its pricing and execution.

Trading education

EightCap has some good educational content on its website. It has articles on forex and CFDs, and a page dedicated to technical analysis. The page is available in English, and has content organized by topic and by day. It also features videos that provide insights into the trading day. While not comprehensive, the content is good. However, the company could improve its offerings by adding more videos and dividing them by level of experience.

Eightcap is a market maker that offers over 200 financial instruments, but their selection isn’t as broad as some other brokers’. They do, however, offer CFDs on the most popular asset classes. For example, you can trade Forex and commodity CFDs, and you can use up to 500:1 leverage.

When you sign up with Eightcap, you can learn the basics of trading. You can open an account for as little as $100, and you can use credit cards, debit cards, and wire transfers. You can also deposit using cryptocurrency, though you should be aware of the risk involved. To keep your account safe, Eightcap has a strict KYC policy that only allows deposits in the same wallet. This helps to prevent money laundering and ensure the protection of your funds. As with any other online broker, you need to understand the risks associated with trading with derivative products.

Customer service

Eightcap offers a 24-hour live support service, as well as email, phone, and chat options. They also offer support in several languages, including English, French, Thai, and Chinese. Additionally, they can provide customer service in Portuguese, Japanese, Bahasa, and Vietnamese. Whether you need assistance in trading, buying or selling stocks or currencies, or have a question about the trading platform, Eightcap is here to help.

Traders appreciate prompt support from their brokers. This is particularly important if you’re trading on leverage. Any delays or miscommunications can cost you clients and revenue. Eightcap also provides a comprehensive FAQ section for users to answer questions. Overall, the broker provides a simple, easy-to-use platform and excellent customer service.

Overall, Eightcap provides a solid trading platform and is a good choice for new traders. However, there are some drawbacks to their service, including a small range of tradable assets and no futures or options trading. Professional traders may find it better to go with another broker.

Is there an mobile app? Android and iphone.

Eightcap is a broker that offers its services via the web. The platform requires its clients to fill out an account form, which requires them to provide a variety of personal information. This includes the country of residence, full name, and phone number. In addition, they must select a password and create a secure account. After filling out the account form, customers will receive a verification email, which they can use to authenticate their account. Once the account is verified, Eightcap will send the customer an email confirming the registration.

If you don’t have an iPhone or Android, you can still use the EightCap mobile app, which includes an array of innovative trading features. It is available on the App store of iOS or Android devices, as well as Windows PC and web browsers. The application is designed to be quick and easy to use and is free to download.

If you prefer a desktop trading platform, Eightcap offers MT5 via the Web Trader platform, which can be opened directly on the broker’s website. This platform has all the features of a desktop version, but is much easier to use. It also lets clients program trading instructions in plain English, allowing them to set up automated trading strategies. Clients can also view their account history, and update any personal information.

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