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EightCap

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6.4
(83 Reviews)

Founded: 2009 Min Deposit: 100 USD

Headquarters: Melbourne, Australia Max Lev: 1 : 500

Score
Business Scope
8.5
Trading Cost
6.4
Trading Platforms
6.7
Support
6.6
Licence Status

get both strict and offshore licenses

FCA 921296
ASIC 391441
VFSC 40377
Authorised
Authorised
No longer Authorised
Contact
+61 (3)83734800
customerservice@eightcap.com
https://www.eightcap.com
Tight Spread
Strict Regulation
Offshore License
Multiple Base Currencies Support
Multilingual Support
Multi-regulation
Fast Deposit
Multiple Account types
Islamic Account
Forexia
2022-12-30
I have used this platform to trade for about 2 years. I have no complaints, and I am very satisfied with the bank transfer because I am used to depositing money directly into the bank. Moreover, in Eightcap, the customer service team is available only needing to make a call. They always keep in touch with you.
Khairul Abdi
2022-12-01
I am currently testing several different brokers to compare the spreads and execution speeds of different products. I am trading silver and gold in EightCap. In the past 5 months, I have no problems with Eightcap. It has a good technology stack and I have gained healthy profits.
coconino ahmad
2022-09-05
Over the years, Eightcap has made considerable progress, and for me, it has become a stronger option. I still only trade fx pairs and indices with them. I have made considerable profits in trading indices.Now I need to continue on MT5
danny
2022-12-07
With its easy-to-use interface and platform with guides and instructions, you can easily master various functions. I really like this broker.
nek
2023-06-23
When I wanted to change my trading account, I was well taken care of. They discussed the whole process with me and answered all my questions. I really like their weekly news because it contains great market updates and forecasts.
Uygar Saral
2023-01-17
Having trading with another Australian broker, I switched to EightCap. In my opinion, EightCap can provide customers with real care. The staff will explain to you all the market dynamics and how they happen, which is very helpful to me.
Account & Cost Deposit & Withdrawal Company & Service Broker News Related Complaints Reviews

Deposit and Withdrawal

6.0

Average

convenient bank/wire transfer

Features

Fast Withdrawal

See more
See more

Company and Service

8.5

Very Good

good customer support & low spreads

Features

Good Customer Service
Multilingual Support
Fast Registration
Profile
Headquarters Address
Level 6, 360 Collins Street, Melbourne, VIC 3000, Australia
Founded 2009
Broker Type
NDD
Time Zone GMT+2
Credit Profile No information
Trading Platforms
MT4
Mac,  Windows,  iOS,  Android
MT5
Mac,  Windows,  iOS,  Android,  Webtrader
Contact
No Data
Others
Website Language
Chinese(Simplified),  English,  French,  German,  Indonesian,  Italian,  Korean,  Portuguese,  Spanish,  Thai
Customer Service By
Phone,  Email,  Live Chat,  Facebook,  Twitter,  Instagram,  LinkedIn,  Youtube
Supported Language
Chinese(Simplified),  English,  French,  German,  Italian,  Korean,  Spanish,  Thai,  Vietnamese

Broker News

Ranking List of Complaints Satisfaction in December 2023 Newly Released 2024-01-01
A broker's attitude toward clients is a key aspect while selecting a platform. BrokersView publishes the December list of brokers by complaints satisfaction to help traders make an informed decision.
ASIC: Retail OTC Derivatives Investors Compensated Over A$17.4m by Eight Financial Issuers 2023-11-09
Eight CFD issuers compensated 2000 retail customers for more than A$17.4 million due to breaching leverage restrictions or incorrect customer classification.
Ranking List of Complaints Satisfaction in October Newly Released 2023-11-02
A broker's attitude toward clients is a key aspect while selecting a platform. BrokersView publishes the October list of brokers by complaints satisfaction to help traders make an informed decision.

Related Complaints

Q&A Complaints

does eightcap accept us clients

Cristina Al Qudah
Qatar
2023-09-13
ANSWER The US market is not accessible for Eightcap.Eightcap operates under the supervision of regulators that are not recognized by the US authorities, and doesn't have a license from the US Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA). Therefore, the platform cannot accept clients who reside in the US or have a US citizenship, or they would violate the US regulations.If you are looking for a broker that is authorized to operate in the US market, you can use our platform and select the "NFA" option in the "Broker" section, filtering the brokers that have a license from the NFA, which is one of the US regulators for online trading.
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is eightcap legit

Zhavis Soteriou
Sierra Leone
2023-09-19
ANSWER Yes, Eightcap is a legitimate broker. It is regulated by three regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), and the Securities Commission of the Bahamas (SCB). The company was founded in 2009.According to customer reviews on BrokersView, Eightcap has an excellent rating of 7.5 out of 10, with many users praising its tight spreads, excellent customer service, and easy withdrawal and deposit process.The minimum deposit is $100 USD, and the maximum leverage is 1:500. The broker supports multiple base currencies and account types, including Islamic accounts.However, it is always important to do your own research and consider your individual trading needs when choosing a broker. You can refer to our EightCap page for more details.
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Overall Score

6.4
83 Reviews

Cost 6.4

Platforms 6.7

Deposit & Withdrawal 6.0

Customer Support 6.6

Indicates the average level of Brokers

Keywords for selection
Low Spreads Powerful Tools Good/Professional Customer Support Reliable & Reputable Trading Conditions Fast Execution Fast Deposit/Withdrawal No Withdrawal Restrictions

83 Reviews

Sort by
Robert
7-12 months Standard Account Italy
I have been working with the EightCap team for 10 months now and enjoying my experience very much. At present, my work on gbp/usd has achieved certain success.
2022-07-10
2
Reply
Kamal el Batrawi
0-6 months Raw Account Vietnam
You can have access to raw spreads by trading with the ECN account provided by the broker.
2023-06-25
1
Reply
nek
7-12 months Raw Account Nauru
When I wanted to change my trading account, I was well taken care of. They discussed the whole process with me and answered all my questions. I really like their weekly news because it contains great market updates and forecasts.
2023-06-23
1
Reply
Dennis
7-12 months Standard Account Canada
So far, their processing capabilities are very good. I encountered some troubles at first when I used MT4 and then I wanted to use MT5 instead. They helped me to resolve this problem within a week.
2023-06-17
1
Reply
Mohammad Aziz Uddin Chowdhury
1-3 years Standard Account Belize
I have been trading for two years. This is a reliable broker with excellent execution and without any problems for withdrawals.
2023-04-08
1
Reply
danny
1-3 years Standard Account Chile
With its easy-to-use interface and platform with guides and instructions, you can easily master various functions. I really like this broker.
2022-12-07
1
Reply
Khairul Abdi
0-6 months Raw Account China
I am currently testing several different brokers to compare the spreads and execution speeds of different products. I am trading silver and gold in EightCap. In the past 5 months, I have no problems with Eightcap. It has a good technology stack and I have gained healthy profits.
2022-12-01
1
Reply
Bernhard Krebs
0-6 months Standard Account Nepal
In the past six months, I have made sustained profits in EightCap on its MT5 platform. Successful transactions and quality support. No complaints from me
2022-11-27
1
Reply
David Park
1-3 years Bahamas
Very fast to open the account and much more confirmation to ensure and validate the account details. Very friendly and loyalty.
2024-04-19
Reply
carol
1-3 years Brazil
Eightcap provides one of the most competitive spreads I have ever seen. For one of their accounts, they have a commission of $35 per standard lot, and the spreads of EUR/USD is 0 pips. In addition, they also provide excellent customer support.
2024-04-15
Reply

1-10 of 83 comments

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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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