What Is Eightcap?

Eightcap Is An Australian Incorporated Brokerage Company That Brings A Clear Evaluation Model Since 2009 Through Low Rates Of Variable Spreads With Quotes That Are Coming Back From Varied Leading Banks Or Establishments And Performed Via Technological Solutions Through Equinix Servers.

Eightcap Performs A Worldwide Operation Through Their Honorable Australian Headquarters And Different Regional Offices Across The Globe, Together With The United Kingdom, Bulgaria, And Cyprus.

Apart From Providing To Retail Customers, This Broker Additionally Brings Technological Blessings And Partnership Opportunities To Affiliates, Ibs, And Influencers.

Eightcap Works Towards Building A Home For Mt4 And Mt5 Traders And Aims To Provide Them With Customized Trading Expertise. This Broker Provides Access To The Foremost Common Financial Instruments, All With Fast Execution And Low Spreads, Via The Successful Metatrader Platforms.

Regulation

To Protect Consumer Interests, The Corporation Is Severely Regulated Across 2 Entities: Eightcap Pty Ltd Is Regulated By The Australian Securities And Investment Commission (ASIC) Whereas Eightcap International Ltd (Vanuatu) Is Regulated By The Vanuatu Financial Services Commission (VFSC). What Is More, Eightcap Is An Australian Financial Services Licensee (AFSL). Consumer Funds Are Separate And Commanded At Tier One Banks, As Per The Companies Act.

Our Opinion Is That The Broker Isn’t A Scam And Their Online Services Are Legitimate.

Accepted Countries

Eightcap Cannot Settle For Traders From Bound Jurisdictions Together With The Us, New Zealand, And Japan.

Trading Instruments

The Bargainer Has Access To Over 250 Financial Instruments, Together With Major And Minor Currency Pairs, Oil, Gold, Silver, Shares, And Cryptocurrency CFDs.

Going Deeper Into A Secure Competitive Providing, The Broker So Brings Wonderful Prices With Everyday Spreads For Eur/Usd At A Customary 1.0 Pips, Further As A Raw Spreads Of 0.0 Pips. The Spreads For Metals Xau/Usd Sits At 1.0 Pips.

Eightcap Features

Eightcap’s Mission Is To Create A Home For Mt4 And Mt5 Traders. The Broker Offers An Exceptional Education Suite To Assist Each New And Seasoned Trader.

Included During This Are Regular Market Updates, A Trading Week Ahead, Cfd And Forex Insights, Metatrader Guides, And Trading Strategy Steering.

Trading Tools: Eightcap Users Also Will Have The Power To Modify Their Trades With No Commitment To Writing Data. With The Utilization Of Capitalise.ai, Eightcap Users Can Have Access To Automation And Analytic Tools, Together With Backtesting, Loop Methods, Good Notifications, And Far Additional.

Eightcap Accounts

Of Course, There Are Heaps To Contemplate Whereas Choosing A Trading Account. Therefore, Through Eighcap’s 2 Account Types, There’s A Suggestion Of An Honest Selection, Either Trade With Customary Conditions, With No Complications, All Engineered Into An Expansion, Or Through The Raw Account With Spreads From 0.0 Pips And Commission Applied.

Account Types

Demo Account

Eightcap Offers 3 Account Types. First, There’s A Thirty-day Demo Account (It Expires When 30 Days) That Provides You Access To The Company’s Product With No Risk As A Result Of It Uses Faux Money. This Account Is Right For Beginners Or Fully-fledged Traders Un Agencies Are Making And Testing A Trading Strategy.

Live Account 

Eightcap Offers An Ecn “raw Account” And An Stp “standard Account”. The Most Distinction Between These 2 Is That The Valuation Structure. The Raw Account Charges A Commission Per Trade Whereas The Quality One Charges An Expansion. An Expansion Is A Distinction Between The Raise And Bid Costs. The Commission On The Raw Account Is $3.50 Per Trade.

Trading Platforms

With Eightcap, The Dealer Can Have Access To Metatrader 4 And Therefore The Newer Mt5 Platform, Which Has Varied Advanced Options And Tools. The Proprietary Developed Platform Is Accessible For Desktop And Mobile Apps With Constant Capabilities To Look At Costs In The Period, Monitor Or Access An Account, And Modify Chat And Push Notifications.

Mt4 Provides All The Mandatory Tools And Resources That Are Essential For No-hit Trading, With A Spread Of Indicators, And Techniques To Use.

Furthermore, Eightcap Users Also Will Have The Flexibility To Modify Their Trades With No Commitment To Writing Data. With The Employment Of Capitalise.ai Eightcap Users Can Have Access To Automation And Analytic Tools, Together With Backtesting, Loop Ways, Sensible Notifications, And Far Additional.

 Spreads & Commissions

Spreads Are Variable, Beginning At Zero Pip For Major Forex Pairs (Raw Account) And 0.5 On Major Indices, Like The Spx500. The Spreads For Gold And Silver Begin At 1.0 Pips And 0.5 Pips, Severally, While Oil Spreads Are Around 1.0 Pip.

Please Bear In Mind That Cryptocurrencies Are Volatile Instruments, Generally, The Spreads On Btc Is Twenty Pips, Or Perhaps Less. Recently It Reached Thirty Pips.

During Trade Hours With Very High Volatility, The Spreads Tend To Urge Higher Or Throughout Less Liquid Day Periods (As They Roll Over To The New Day).

Commissions Are Charged At $3.50 Per Customary Ton On The Raw Account And Swap Rates Can Apply For Nightlong Forex Trades.

Leverage

One Of The Nice Options Of Forex Trading Is An Allowance To Use Leverage, Which Can Increase Your Potential Gains Timely. But To Assist Traders In Minimizing Risks, That After All Needs You To Review Well The Way To Use Leverage Neatly, Eightcap Conjointly Has Specific Leverage Restrictions In Line With The Trading Size You Use.

Eightcap Permits Leverage Of 1:30, Presenting Its Users With Numerous Market Opportunities.

Deposits And Withdrawals

Eightcap Offers Multiple Ways For Clients To Deposit And Withdraw Their Funds. The Obtainable Deposit Strategies Are Visa And Mastercard Credit And Debit Cards, Poli Payment, Wire Transfer, Bpay, China Union Pay, Skrill, Paypal, And Neteller. The Debit And Mastercard Deposit Choices Settle For Payments In Usd, Gbp, Eur, Nzd, Cad, And Sgd. The Deposit Possibility Is Free And Might Be Done On A 24/7 Basis. A Bank Wire Transfer Takes 1-3 Business Days To Finish.

Bpay And Poli Payment Settle For Solely Australian Dollars Whereas China Union Pay Accepts Rmbs Only. There Aren’t Any Charges To Deposit And Withdraw Funds Through Some Choices That Have Some External Prices.

I Used Paypal To Fund My Account And Also The Method Was Swish, Taking But Five Minutes To Finish.

The Withdrawal Method Was Conjointly Swift. You Simply Go To Visit Your Customer Space, Choose The Payment Possibility, Choose The Trading Account You Wish To Withdraw And Make Sure The Small Print. The Corporation Usually Asks Many Queries And Seeks Documents For First-time Customers To Fit Kyc And Aml Laws. This Is Often Typical Among Forex / CFD Brokers.

Minimum Deposit

As For The Minimum Deposit Quantity, Each Account Needs Only 100$ As A Beginning, That Can Be A Fantastic Chance For The Start Traders Or Seasoned Ones Yet.

Payment Strategies

The Number Of Payment Strategies To Fund The Trading Account Which Permit You To Transfer From Demo Trading To Measure One Together With Instant Deposits Through Visa/Mastercard, Skrill, Poli Payment, Neteller, China Unionpay, And Bank Wire Transfers.

While You Will Select At Your Convenience A Base Account Currency Either Aud, Usd, Gbp, Eur, Nzd, Cad, And Sgd, The Deposits And Withdrawals Are Going To Be Severally Created Within The Same Currency Because Of The Base Of The Trading Account.

Trading Hours

Users Will Trade Forex 24 Hours A Day, 7 Days A Week. But, World Foreign Exchange Trading Hours Vary By Time Zone.  Based On  AEST, Sydney Opens At 7 Am And Closes At 4 Pm,  Tokyo Opens At 9 Am And Closes At 6 Pm, London Opens At 5 Pm And Closes At 2 Am, And New York Opens At 10pm And Closes At 7am.

Opening Hours Additionally Vary Over Alternative Markets With Details Offered On The Broker’s Website.

Customer Support

Eightcap’s 24/5 Trilingual Support Team Is Communicated Via:

• Telephone Number – +61 38373 4800
• E-mail – Customerservice@eightcap.com
• Live Chat – The Chat Logo Is Found Within The Bottom Right-hand Corner Of The Website

Keep Up Thus Far With The Newest News On Eightcap’s Social Media Pages:

• Facebook
• Instagram
• Youtube
• Linkedin

The Broker’s Headquarters Workplace Address Is Govant Building, Bp 1276, Port Vila, Vanuatu.

FAQs

Is Eightcap An Honest Broker?

Eightcap Offers An Alternative Of 2 Account Varieties With Differing Execution Models. One Is Ecn, The Opposite Is Stp. Stp Brokers Aren’t To Be Precise Market Makers However Tend To Provide Similar Evaluation And Execution To Promote Market Makers.

Is Eightcap Regulated?

Yes. Eightcap Is Regulated By The Australian Securities Investment Commission (ASIC) And The State Financial Services Commission (Vfsc).

Is Eightcap A Market Maker?

Yes. Eightcap Is A Safe Broker. It’s Been Within The Business For Over A Decade And I Did Not Find Any Complaints Concerning Its Safety. It Additionally Has A Good Rating In Trustpilot.

What Is The Minimum Deposit For Eightcap?

The Minimum Deposit Is One Hundred Aud Or Equivalent.

How Do I Withdraw Cash From Eightcap?

Withdrawals Are Created Via Debit/Credit Card, Bank Wire, Skrill, And Neteller.

What Is The Maximum Leverage In Eightcap?

1:30 For Users Registered With The Asic Entity And 1:500 For Users Registered With The State Entity.

How Do I Open An Account With Eightcap?

An Account Is Opened At The Clicking Of A Button On The Eightcap Website And Can Be Done Simply By A Couple Of Steps.

Does Eightcap Use Metatrader?

Yes, Metatrader 4 And Metatrader 5.

Does Eightcap Provide A Demo Account?

Yes, A Demo Account Is Set Up From The Main Page On The Website. Users Can Have Access To Unlimited Virtual Funds For Thirty Days And Can Get Pleasure From Identical Trading Conditions To A Live Account.

How Do I Open A Live Account With Eightcap?

Select ‘create Account’ From The Top Right-hand Corner Of The Broker’s Website To Register. You’ll Be Needed To Fill Out A Brief Type Before Moving Five Further Steps To Modify Your Account And Verify Your Identity.