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EightCap
EightCap Broker Overview
Here is every key fact about EightCap in one table — regulation, contact details, deposit rules, leverage, spreads, platforms and account features.
| Feature | EightCap |
|---|---|
| Broker name | EightCap |
| Foundation year | 2015 |
| Headquarters | Level 19,180 Lonsdale StreetMelbourne 3000 VIC Australia |
| Country | Australia |
| Telephone | （+61）383734 |
| Email / Skype | customerservice@eightcap.com |
| Regulated by | Regulated in Australia by Australian Securities and Investments Commission (ASIC) under AFSL 391441 |
| Type of broker | ECN/STP |
| Min. deposit | $100 |
| Max leverage | 1:400 |
| Min. spreads | 0.1 Pips |
| Funding methods | Credit card, CUP, Skrill, Poli, Wire transfer, Bpay |
| Withdrawal methods | Credit card, CUP, Skrill, Poli, Wire transfer, Bpay |
| Base currencies | GBP,EUR or More |
| Languages | English, Chinese |
| Trading platforms | MetaTrader 4 |
| Web trading | ✓ Yes |
| Mobile trading | ✓ Yes |
| News trading | ✓ Yes |
| Hedging & scalping | ✓ Yes |
| Free demo account | ✓ Yes |
| Mini accounts | ✓ Yes |
| VIP accounts | ✓ Yes |
| Managed accounts | ✓ Yes |
| Segregated accounts | ✓ Yes |
| Islamic accounts | ✗ No |
| Swap free accounts | ✓ Yes |
| No deposit bonus | ✗ No |
| Promotion | Yes |
In simple words: traders get MetaTrader 4, spreads from 0.1 Pips, leverage up to 1:400 and a $100 minimum deposit. New clients can also check the current Yes.
Is EightCap Safe? Regulation and Company Details
EightCap is a regulated broker. Regulated in Australia by Australian Securities and Investments Commission (ASIC) under AFSL 391441. The broker says client money is kept in segregated accounts, separate from company funds.
Regulation
Regulated in Australia by Australian Securities and Investments Commission (ASIC) under AFSL 391441
Head office
Level 19,180 Lonsdale StreetMelbourne 3000 VIC Australia (Australia)
Client funds
Client money is held in segregated accounts, apart from company funds.
Track record
In business since 2015. Support is reachable by phone and email.
Tip: Always check the licence number on the regulator's own website. Offshore regulators do not offer the investor compensation schemes or leverage caps of top-tier regulators such as the FCA or CySEC, which is why leverage here can reach 1:400.
EightCap Trading Conditions
Spreads and commissions
EightCap spreads start from 0.1 Pips. Raw-spread style accounts usually charge a small commission per lot, while commission-free accounts have wider spreads. If you trade often or scalp, the raw option is usually cheaper.
Leverage
Maximum leverage reaches 1:400, depending on the account type and the instrument you trade. High leverage lets you open bigger positions with less margin, but losses grow just as fast.
Trading platforms
MetaTrader 4
Desktop platform
Trading styles allowed
Hedging, scalping and news trading are allowed — good news for short-term traders. Web and mobile trading are available.
This EightCap review covers regulation, fees, platforms and bonuses.
Official website: EightCap
EightCap Account Types
EightCap offers several account options so both beginners and experienced traders can find a fit. Live accounts start from a $100 deposit.
Free demo account
Practise with virtual money and test strategies risk-free.
Mini accounts
Smaller trade sizes and a low entry cost for beginners.
VIP accounts
Tighter pricing and priority service for larger balances.
Managed accounts
Let a strategy provider or money manager trade for you.
Segregated accounts
Client funds are kept apart from company money.
Islamic / swap-free
No overnight swap charges, in line with Sharia principles.
You can open accounts in these base currencies: GBP,EUR or More. Choosing the currency you spend in helps you avoid conversion fees.
Deposits and Withdrawals at EightCap
EightCap supports the same methods for funding and withdrawals. Withdrawals normally go back to the method you used to deposit.
E-wallets are usually the fastest. Bank wires take longer and your bank may charge a fee. Finish identity verification (KYC) early so your first withdrawal is not delayed.
EightCap Bonus and Promotions
Bonuses are a big reason traders search for EightCap. Availability depends on your country and the account type.
- Yes — the current promotion for EightCap clients. Check the volume rules before you claim it.
How bonus credit really works
- Bonus credit is used as margin; it usually cannot be withdrawn directly.
- Profits made with the bonus are yours, but a minimum trading volume often applies first.
- Withdrawing money early can remove part or all of the bonus.
- Bonuses are not offered in every country or on every account type.
Bonus terms change often. Always read the latest rules on the official EightCap website before accepting any offer.
EightCap Pros and Cons
Pros
- Regulated in Australia by Australian Securities and Investments Commis...
- Yes
- Low $100 minimum deposit
- Spreads from 0.1 Pips, ECN/STP execution
- MetaTrader 4
- Hedging and scalping allowed
- Mini, VIP and managed accounts
Cons
- No Islamic (swap-free) account
- No no-deposit bonus
- Bonus comes with trading-volume rules
How to Open an EightCap Account
- RegisterFill in your name, email, country and phone number on the EightCap sign-up page.
- Verify your identityUpload a photo ID and a proof of address (utility bill or bank statement).
- Choose an accountPick the account type, base currency, leverage and platform (MT4).
- Fund and tradeDeposit from $100 with your preferred method, claim any eligible bonus, then log in and start trading.
About EightCap
EightCap Overview
EightCap is an ECN/STP forex broker established in 2015. The company is based in Australia, with its head office at Level 19, 180 Lonsdale Street, Melbourne 3000 VIC, Australia. Traders can find the broker's full details on its official website at www.eightcap.com.
ECN/STP brokers pass client orders on to liquidity providers rather than trading against clients directly. For traders, this model generally means that pricing comes from market sources and that the broker's spreads and execution are tied to real market conditions. EightCap's business is built around this model, and it supports a range of trading styles, including hedging, scalping and news trading.
EightCap suits traders who want a regulated broker with a range of account types, a well-known platform and a relatively low minimum deposit. Beginners can practise on a free demo account before committing real money, while more experienced traders may value the flexibility of its account options.
Regulation and Safety
EightCap is regulated in Australia by the Australian Securities and Investments Commission (ASIC) under AFSL 391441. ASIC is the national regulator for financial services and markets in Australia. Holding an Australian financial services licence means the broker must meet certain conduct, reporting and capital requirements.
EightCap also offers segregated client funds. In general, segregation means that client money is kept separate from the company's own operating funds. This is designed to protect traders if the broker runs into financial trouble, although it does not remove all risk.
Regulation is never a guarantee against losses. Before you open an account, check the licence number and entity details on the regulator's register and read the broker's terms of business. These documents explain which company you would be trading with and what protections apply to your account.
Account Types
EightCap offers several account types so that traders can choose a setup that fits their budget and experience. According to the broker's information, the available options include:
- Standard accounts for traders who want the main trading conditions.
- Mini accounts, which are designed for smaller trade sizes and lower starting capital.
- VIP accounts for more active or higher-volume clients.
- Swap-free accounts, which do not charge overnight swap fees. This is the broker's alternative for clients who need an account without swaps.
- Managed accounts, where the account is run by a professional manager on the client's behalf.
EightCap does not offer Islamic accounts. Traders who need an account that complies with Sharia principles should look for another provider. The base currencies mentioned by the broker include GBP and EUR, with other options also available. Check the account opening page for the full list and the exact conditions of each account type, because these can change.
Trading Platforms
EightCap offers MetaTrader 4, one of the most widely used trading platforms in the retail forex market. MT4 is known for its charting tools, technical indicators, Expert Advisors (automated trading scripts) and order types. Many traders already know how it works, which makes it easier to start.
Clients can access the platform in three ways: on the desktop, through a web browser and on mobile devices. Web trading and mobile trading are both available, so you can monitor and manage positions while away from your computer.
Platform availability and features can change over time. Confirm the current options on the official site before you open an account, especially if you rely on a specific tool or add-on.
Spreads, Fees and Leverage
Spreads at EightCap start from 0.1 pips. The spread is the difference between the buy and sell price, and it is one of the main trading costs. Actual spreads vary with market conditions, the instrument traded and the account type, so the advertised minimum is not a fixed cost on every trade.
Maximum leverage is 1:400. Leverage lets you control a larger position with a smaller deposit, but it also magnifies losses as well as profits. The maximum leverage can be lower depending on your country of residence and the account you choose. Always check the leverage available to your account before trading.
Other costs, such as overnight swap charges, deposit or withdrawal fees and any commissions, depend on the account and payment method. Read the fee schedule on the official website before trading so you know the full cost of each trade.
Risk warning: trading forex and CFDs on leverage carries a high risk of losing money. Only trade with funds you can afford to lose.
Deposits and Withdrawals
The minimum deposit at EightCap is 100. Check the currency of this amount on the official site, as minimums can differ by account type and region.
EightCap accepts the following deposit methods:
- Credit card
- CUP
- Skrill
- Poli
- Wire transfer
- Bpay
Withdrawals can be made through the same methods: credit card, CUP, Skrill, Poli, wire transfer and Bpay. Using the same channel for deposits and withdrawals is a common practice that helps with verification and fund tracking. Processing times and any fees depend on the method and on your country, so check these before you request a withdrawal.
Bonuses and Promotions
EightCap offers a welcome bonus and other promotions. Bonus offers can change, and each one comes with its own conditions, such as trading volume requirements, eligibility rules and withdrawal restrictions. Read these terms carefully before you deposit, because a bonus can affect how and when you can withdraw funds.
EightCap does not offer a no-deposit bonus. If you are looking for a bonus that requires no funds to start, you will need to look at other brokers.
Bonuses should never be the main reason to choose a broker. Focus first on regulation, costs, platform quality and how well the broker suits your trading style, then consider any promotion as an extra.
Customer Support
EightCap operates its website in English and Chinese, which makes the broker accessible to a wider range of traders. The official website is the best place to find current contact details, support hours and help resources. The broker's support channels are not described in detail here, so confirm them directly before you open an account.
Pros and Cons
Pros
- Regulated by ASIC in Australia under AFSL 391441.
- Segregated client funds.
- ECN/STP model with spreads from 0.1 pips.
- Maximum leverage of 1:400, subject to country and account rules.
- Low minimum deposit of 100.
- MetaTrader 4 with desktop, web and mobile access.
- Free demo account for practice.
- Several account types, including mini, VIP, swap-free and managed accounts.
- Hedging, scalping and news trading are allowed.
- Multiple deposit and withdrawal methods.
- Website available in English and Chinese.
Cons
- No Islamic accounts.
- No no-deposit bonus.
- Maximum leverage can be lower depending on your country and account type, and high leverage increases the risk of loss.
- Bonus terms can change and may include restrictions.
- Only MetaTrader 4 is listed as the trading platform.
- Customer support details are not covered in depth here, so you should check them directly.
Verdict
EightCap is a regulated ECN/STP broker with a clear set of features. Its ASIC licence, segregated client funds, MetaTrader 4 access, a demo account and a range of account types make it a reasonable option for traders who want a established platform and flexible trading rules. The 100 minimum deposit and spreads from 0.1 pips also make it accessible for many traders.
The main limitations are the lack of Islamic accounts, the absence of a no-deposit bonus and the fact that leverage varies by country and account. Anyone interested in EightCap should open a demo account, read the full terms and compare costs with other brokers before depositing.
Risk warning: trading forex and CFDs on leverage carries a high risk of losing money. This review is for information only and is not financial advice.
Frequently Asked Questions
Is EightCap regulated?
Yes. EightCap is regulated in Australia by the Australian Securities and Investments Commission (ASIC) under AFSL 391441. You can verify the licence on the regulator's website before opening an account.
What is the minimum deposit at EightCap?
The minimum deposit is 100. Check the currency and any differences by account type on the official website.
Does EightCap offer a demo account?
Yes, EightCap offers a free demo account, which lets you practise on the MetaTrader 4 platform without risking real money.
Does EightCap offer Islamic accounts?
Risk warning: Leveraged products such as forex and CFDs may not suit all investors and carry a high risk to your capital. Make sure you understand the risks, consider your goals and experience, and seek independent advice if needed.
Final Verdict: Should You Choose EightCap?
EightCap offers a $100 entry cost, MT4 platforms and a track record since 2015.
EightCap suits traders who understand the risks of leveraged CFD trading. Start small, test a withdrawal early and use sensible leverage.
