EightCap review

Information source:
The source of this information is the website and the broker's trading platform listed in the Web section of this review. The operator of this website does not verify this information and is not responsible for its accuracy, completeness, timeliness, truthfulness or the compliance of a broker with legal regulations. Please verify whether the broker is authorized to provide its services in your country of residence in accordance with the legal regulations that apply to its business.

In this review we compared EightCap with competition based on ⏩ fees, spreads, offer of trading assets and experience of traders. EightCap legally operates in Australia thanks to ASIC and VFSC license.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from EightCap review

About the broker

Web:https://eightcap.com
Readers' rating0 Votes
0
License:ASIC VFSC
Supported languages:English, German, Spanish, French, Italian and Portuguese
Year of foundation:2009
Holder: Eightcap Pty Ltd
Headquarters:Level 6/360 Collins St., VIC 3000, Melbourne, Australia
Methods of contacting customer support:E-mail, phone, online chat
Contact:customerservice@eightcap.com, +61 3 8373 4800
Deposit methods:Bank transfer, VISA, MasterCard, BPAY, Poli, Skrill, UnionPay, XPAY
Withdrawal methods:Bank transfer, VISA, MasterCard, Poli, Skrill, UnionPay, XPAY

About trading with EightCap

Minimum deposit:100 USD
Min. trade:0.01
Spreads:Look at the spread table - minimal spread on the currency pair EUR/USD is 1.0 pips * on a standard account type
Underlying assets:
Might be a CFD.
Forex (45), cryptocurrencies (5)
Base currencies: AUD, USD, EUR, GBP, NZD
Mobile app: Yes
MetaTrader 4:No
Other trading platforms:WebTrader
Social trading:No

Spreads & fees

Fees of most brokers change relatively often and unfortunately it is not in our possibilities to keep up-to-date information about fees at EightCap, of course you can find current info on their website https://eightcap.com.

Minimal spreads at EightCap on standard account*

EUR/USDGBP/USDUSD/JPYEUR/GBPUSD/CHFEUR/JPY
1.01.01.01.0

* Spread was taken 17.01.2020 at 21:27 from the web or trading platform of EightCap.

Random reviews of competing CFD brokers: HMarkets, Xtrade, AMPFutures and Swissquote

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
2
Spread and fees
2
Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
2
Customer support speed, availability, availability in the language you speak
1
Based on 1
1
Average rating from reader reviews

Frequently Asked Questions

🧐 Is EightCap a scam?

We highly recommend you to read the user reviews on our website before you start trading with this brokerage company. It will help you to determine if EightCap is a scam or not.

🆓 How to open a free demo account?

Opening a demo account with EightCap is very simple, just register on their website.

📱 Does EightCap offer the best mobile app for trading?

EightCap offers a mobile trading app and you can definitely start trading with it. It is very difficult and subjective to determine if they feature the best mobile platform. However, you are welcome to test it yourself.

We compared some reputable brokers and their mobile trading apps, check out the comparison and be saved from the hassle of testing the EightCap mobile app.

⚖️ Would you recommend me EightCap?

EightCap is one of tens (possibly hundreds) of brokers operating in Australia, and that's why it makes no sense to choose EightCap as a broker where you trade before you compare it with competitors.

Is this an ad?

We operate our website in full transparency, we recommend reliable brokers with an excellent reputation and we honestly admit to you that we receive commissions for that from these brokers. You can find the mentioned brokers in the table below with a clickable link to their site. You don't pay anything extra, you get a reliable business partner and you help us keep the website up and running. Thank you.

BrokerEnglishMin. depositSpread EUR/USD*PlatformsLicense
Readers' rating750 Votes
83
100 USD 1.0 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of Etoro.
In-house built platform FCAASICCySecetoro.comreview  EUR/USD*: 1.0 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of Etoro.
51% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating774 Votes
86
0 0.9 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of XTB.
In-house built platformFCA CySecxtb.comreview EUR/USD*: 0.9 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of XTB.
77% of retail investor accounts lose money when trading CFDs with this provider
Readers' rating481 Votes
79
100 USD 0.8 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of Plus500.
In-house built CFD platformFCAASICCySecplus500.comreview EUR/USD*: 0.8 pips
Spread was taken 04.10.2024 at 11:12 from the web or trading platform of Plus500.
82% of retail investor accounts lose money when trading CFDs with this provider

* The spread is variable for most brokers and changes depending on market volatility.


Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Comparing spreads, fees, trading platforms, regulations and reading dozens of user reviews of all popular FX and CFD brokers is very time-consuming for every trader. That is why we have done all this hard work for you so you could already only start trading with a company that features a quick modern trading platform, a large variety of assets and a quick customer service. From our comparisons, all these criteria are met by Etoro 51% of retail investor accounts lose money when trading CFDs with this provider - advertising partner.

Selecting an unsuitable broker can put even a great trader at a loss.

That is why it is important to choose the right one. Choosing the right broker often stands between profit and loss. Don't you know how to choose? We have prepared an independent article for you, which will help you with your broker selection. You will get to know, what factors are important to watch out for when you are choosing a forex/CFD broker.

If you have any experience with EightCap, please share it in the comments to help others to choose the suitable broker.

EightCap review & user ratings

Forum, opinions and user reviews

  1. REVERSALPRO . COM says:
    1.8
    Get the peace of mind you deserve.

    Do you know that full recoup is possible with the right intervention?

    Breakdown
    Leave A Review

    Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
    2
    Spread and fees
    2
    Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
    2
    Customer support speed, availability, availability in the language you speak
    1
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    0

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Reliability and reputation are deposits and withdrawals without a problem, does the broker scam people?
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Trading platform, offer of trading assets speed, reliability, functions and user-friendly environment
Customer support speed, availability, availability in the language you speak
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