Regulations: ASIC, SCB, SFSA

Instruments: Currencies, Crypto, Indices, Metals, Energies

Providing suitable account type options is crucial for brokers aiming to serve a diverse range of clientele. At Eightcap, the two primary account offerings—Standard and Raw—were crafted with different trading preferences in mind. Both accounts have a minimum deposit requirement commonly set at around $100, making them accessible to traders with varying budget levels. Despite their differences in fee structures, both accounts provide access to the same broad range of instruments and high-quality execution standards.

That being said, the choice between the Standard and Raw accounts often hinges on how a trader prioritizes spread-based fees versus commission-based fees. Beginner or casual traders, who generally make fewer trades and prefer cost predictability, may opt for the Standard account. More active or professional traders, who typically transact higher volumes and prefer narrower spreads, might favor the Raw account despite its per-lot commission. This flexible approach to account types underscores Eightcap’s commitment to catering to multiple trading styles and experience levels.

Standard Account

The Standard Account is frequently the first choice for those new to trading or for anyone who appreciates a straightforward fee structure. Rather than paying a fixed commission per trade, clients see slightly wider spreads on their chosen instruments, effectively bundling their trading costs into the spread itself. For many, this can simplify budgeting and cost calculations, as each trade’s expense is inherently reflected in the entry or exit price.

Spreads on popular currency pairs under the Standard Account can start around 1.0 pips, although conditions may vary based on market liquidity and volatility. The account’s accessibility is further enhanced by a relatively low minimum deposit. While advanced traders might prefer the lower spreads of the Raw account, the Standard Account is by no means restricted in terms of instruments or functionalities. It supports all available Eightcap instruments, EAs, and platforms, thus catering to a wide audience of traders.

Raw Account

For traders who require pinpoint accuracy on spreads—especially for scalping or high-frequency strategies—the Raw Account is designed to deliver. Its hallmark feature is the ultra-tight spread environment, at times starting from 0.0 pips on major forex pairs. This competitiveness stems from direct access to top-tier liquidity providers, ensuring that raw interbank spreads are passed to the trader. However, to maintain operations, Eightcap charges a small commission per lot traded, typically set around $3.50 per side per lot (or $7 for a round turn).

Aside from the spread and commission structure, the Raw Account generally shares all other features with the Standard Account, such as low latency execution, multiple trading platforms, and a comprehensive list of tradable assets. Traders whose strategies aim to capture short-term price movements often find the Raw Account’s pricing advantageous, even when factoring in the commission costs. Ultimately, the choice boils down to personal preference, trading style, and the trade volumes one expects to execute.

Eightcap Leverage

Leverage is a powerful tool in the forex and CFD markets, enabling traders to control a more substantial position with a relatively small capital outlay. At Eightcap, leverage can extend up to 1:500 for certain clients, particularly those registered under the SCB-regulated entity. However, traders in Australia or other ASIC-regulated jurisdictions are subject to more conservative caps—often 1:30 for major currency pairs—reflecting regulatory guidelines designed to protect retail traders from the higher risks associated with excessive leverage.

While high leverage can amplify gains, it similarly magnifies losses, underscoring the importance of robust risk management. Traders should carefully consider their risk tolerance and trading strategy before opting for larger leverage ratios. Stop-loss orders, position sizing, and diversification across different instruments become even more critical in leveraged environments. By understanding leverage’s dual potential, traders can use it judiciously to optimize their trading results without overexposing their capital to undue risk.

Efficient deposit and withdrawals methods are essential for traders, as they facilitate quick access to capital and timely profits. Eightcap addresses these concerns by offering an array of payment avenues and by striving to deliver swift processing times. Moreover, the broker maintains a user-friendly interface for managing transactions, often accessible through the client portal, where traders can review their account balances, check transaction histories, and initiate deposits or withdrawals with ease.

It’s crucial to note that while Eightcap does its best to expedite transaction requests, external factors like bank processing times, e-wallet policies, or international business days can affect how quickly funds are credited or debited from trader accounts. The broker also adheres to KYC and AML regulations, which means that clients might need to confirm their identity and banking details prior to finalizing a deposit or withdrawal. This process, though potentially time-consuming for newcomers, is an industry standard aimed at preventing fraud and ensuring overall safety for all parties involved.

Ultimately, the deposit and withdrawal structure at Eightcap highlights the broker’s commitment to convenience, security, and flexibility. By supporting various payment methods and generally avoiding additional fees on deposits, Eightcap makes it straightforward for traders to manage their funds. The next sections detail the specific deposit and withdrawal channels, along with any associated costs or timeframes.

Eightcap Deposit Options and Fees

Eightcap accommodates numerous deposit options to cater to its global clientele. These typically include credit and debit cards (Visa, Mastercard), bank wire transfers, and popular e-wallet services like Skrill and Neteller. In certain jurisdictions, additional methods such as BPAY or PayPal may also be available, enhancing accessibility. The user-friendly nature of these deposit channels ensures that new traders can quickly fund their accounts upon registration, provided they have completed all the necessary verification steps.

A major advantage is that Eightcap typically does not charge fees on deposits for most methods, enabling traders to allocate the entirety of their transferred funds to their trading activities. However, individuals depositing from international banks should be aware that intermediary or recipient banks may charge a service fee, which falls outside the broker’s direct control. For e-wallets, any nominal fees are generally disclosed up front so that users can make informed decisions on which payment gateway is best for them.

Deposit processing times vary depending on the chosen method. E-wallets, credit/debit cards, and some online payment providers can be near-instant or take up to 24 hours, while bank wires can take anywhere from one to five business days, depending on factors like international transfer routes, weekends, and public holidays. In the event that a deposit is delayed, traders can typically reach out to Eightcap’s support team, who will liaise with the payment provider or bank to help locate the transaction. Below is a concise reference:

Eightcap Withdrawals Options and Fees

Withdrawals at Eightcap are engineered to be as smooth and prompt as possible, although certain procedures must be followed to remain compliant with regulations. Primarily, the broker requires that withdrawals typically be processed via the same method used for the original deposit. This policy is in place to combat fraud, money laundering, and other malicious activities by ensuring that funds are returned to the rightful account holder.

For most electronic payment methods, such as Skrill, Neteller, and PayPal, withdrawals can occur relatively quickly, often within one to two business days after the broker approves the request. Credit or debit card refunds might take slightly longer, often two to five business days, depending on the policies of the card provider. International bank wire transfers, on the other hand, may take anywhere from two to seven business days before the funds reach the recipient’s account, subject to bank processing times and potential intermediary fees.

Eightcap does not generally impose additional fees on withdrawals, but if bank wires or certain online payment gateways have transaction costs, those are typically passed on from the third-party provider. As such, it’s advisable for traders to verify the specifics with both Eightcap and their bank or payment processor. Most importantly, a successfully verified account helps expedite the withdrawal process, because the client will have already provided the necessary documentation. Any incomplete KYC steps or inaccurate banking details can cause delays, so traders are encouraged to keep their information up-to-date.

Fee structures can significantly influence a trader’s profitability. Understanding and evaluating a broker’s fees—ranging from trading fees like spreads and commissions to non-trading fees like withdrawal or inactivity charges—can make or break a trading strategy, particularly for frequent traders who operate with tight margins. Eightcap acknowledges the importance of transparent and competitive pricing by providing clear information on its cost structure and avoiding hidden charges as much as possible.

On the trading side, Eightcap primarily differentiates costs based on the type of account chosen by the client. Standard accounts, for instance, typically incorporate all costs into the spread, meaning that while there may be no explicit commission, the spreads can be slightly wider. Raw accounts, in contrast, advertise tighter spreads but come with a commission fee per lot traded. This ensures that traders can choose the pricing model that best aligns with their trading habits, frequency, and volume.

Beyond direct trading costs, non-trading fees such as withdrawal charges, deposit fees, or inactivity penalties can impact overall expenses. While Eightcap generally keeps these ancillary fees minimal, it is always wise for traders to be fully informed. In particular, those who might deposit or withdraw funds via international bank transfers should be aware of potential third-party fees imposed by banks. Similarly, traders who intend to maintain an inactive account for a prolonged period should check whether any inactivity fees apply. By and large, Eightcap positions itself to appeal to cost-conscious traders, contributing to its reputation as a competitive choice in the retail brokerage sector.

Eightcap Trading Fees

When assessing trading fees at Eightcap, it’s essential to consider the distinct pricing structures that stem from its Standard and Raw accounts. The Standard account is a straightforward choice for traders who favor simplicity: it charges no direct commission, and all trading costs are bundled into a slightly wider spread. Although the spread for popular pairs like EUR/USD or GBP/USD might start around 1.0 to 1.2 pips under normal liquidity conditions, the exact figures can fluctuate based on volatility, trading session, and underlying market circumstances.

Meanwhile, the Raw account stands out for providing highly competitive spreads, sometimes beginning at 0.0 pips for major forex pairs. This particular setup, however, carries a commission fee that typically amounts to around $3.50 per lot per side. High-volume traders, especially those employing scalping strategies or frequent intraday trades, often gravitate toward the Raw account model. The narrower spreads can prove advantageous, as the total cost-per-trade may be lower if one factors in the differences in spread versus commission.

To illustrate how these structures might affect costs over time, consider a trader focusing on EUR/USD with an average spread of 0.0 to 0.2 pips on a Raw account, plus a $7 round-trip commission per lot, versus a Standard account where the spread might average around 1.1 pips with zero commission. The break-even scenario depends on trading frequency, lot size, and other personal factors. Nevertheless, both account types cater to different styles and preferences, reinforcing the broker’s flexible approach.

Eightcap Spreads

Spreads represent the difference between the bid and ask price of a trading instrument and serve as a primary cost component for many traders, especially those engaged in short-term strategies. At Eightcap, spreads generally fall into two categories—those offered by the Standard account (wider, no commission) and those provided by the Raw account (tighter, with a per-lot commission).

On the Raw account, traders often see spreads for major currency pairs, like EUR/USD and USD/JPY, starting as low as 0.0 pips during peak liquidity periods such as the London-New York overlap. However, these spreads may widen during times of reduced market activity or when substantial economic news is released. Minor currency pairs and exotics, which come with lower liquidity, typically exhibit higher spreads. Similarly, the Standard account spread for EUR/USD might begin around 1.0 pips under favorable market conditions, but the exact number can fluctuate depending on liquidity and volatility.

Beyond forex, spreads for commodities, indices, and share CFDs at Eightcap also remain competitive. Products like gold and crude oil frequently see tight spreads, particularly during active sessions. For instance, gold might trade with spreads as low as 10 to 15 cents under normal liquidity conditions on the Raw account. Meanwhile, indices such as the S&P 500, FTSE 100, or DAX can also have attractively tight spreads, appealing to traders who frequently speculate on index price movements. It’s important to remember that while spreads can be minimal, sudden market volatility may lead to temporary widening, which underscores the importance of monitoring trading conditions, particularly around major news events.

Eightcap Non-Trading Fees

Non-trading fees may seem insignificant at first glance, but they can add up for traders who frequently move funds in and out of their accounts or who hold accounts that remain inactive for an extended period. At Eightcap, the structure of non-trading fees is designed to be as fair and transparent as possible. The broker generally does not impose deposit fees on popular payment methods such as credit cards or e-wallets like Skrill and Neteller, which is beneficial for traders who frequently top up their accounts.

While many withdrawals are processed without additional charges, some methods—particularly international bank wires—may incur third-party fees not charged by Eightcap itself but by the banks involved in the transaction. These fees can vary widely based on the client’s bank policies, currency conversion rates, and even the geographic location of the sender and receiving institution. It’s therefore prudent to consult with both the broker and your banking institution when planning withdrawals, especially for larger amounts.

As for inactivity fees, Eightcap’s policies may vary over time, so it is advisable to refer to the most recent terms and conditions. In general, if such a fee exists, it is often triggered only after a prolonged period of no trading activity, ensuring that relatively active traders are not penalized. The broker’s stance on non-trading fees aims to be equitable, contributing to a more cost-effective environment for traders who plan to stay consistently engaged in the markets.

Bonuses and promotional offers often entice traders to sign up or remain engaged with a brokerage. Eightcap sometimes runs such campaigns, although their availability is influenced by regulatory stipulations in various jurisdictions. In certain regions, cash rebates, deposit matches, or trading credits might be extended to new or existing clients. These promotions typically come with specific terms and conditions—volume thresholds, time limitations, or withdrawal requirements—that traders must fulfill to fully benefit from them.

Because bonus policies can change over time and may be subject to local regulations, it’s prudent for traders to regularly check Eightcap’s official website or promotional materials. Engaging with customer support is also recommended for those who want clarity on the eligibility criteria, terms of use, and potential restrictions for any active bonus scheme. While promotions can provide an added boost to one’s trading capital, it’s vital to remember that they should be integrated into an overall risk management and trading plan rather than treated as a guaranteed profit generator.

Welcome Bonus

In some cases, Eightcap may offer a welcome bonus for newly registered clients. This type of promotion often rewards first-time deposits with a percentage-based credit, effectively increasing the initial trading balance. For instance, a broker might offer a 30% deposit bonus up to a certain limit, though the specifics can vary widely. The advantage is that traders can control a larger position size without committing extra personal funds. However, these bonuses generally include conditions regarding the minimum number of trades or lots that must be completed before any bonus-related profits can be withdrawn. It’s vital for clients to carefully review these terms to ensure that they’re comfortable with the associated requirements.

Referral Promotions

Another promotional avenue potentially provided by Eightcap is a referral program. Clients who invite friends, colleagues, or family members to open and fund an account might receive referral credits or rebates, typically after the new client meets certain criteria such as completing verification procedures and executing a minimum number of trades. This arrangement can be mutually beneficial, as new traders might also receive a smaller sign-up bonus or discounted spreads. However, referral programs are governed by similar rules and restrictions as other promotions—these could include regional limitations, necessary trading volumes, and time-bound criteria. Checking the broker’s official site or contacting support remains the best way to confirm the current referral offerings and conditions.

Education is a fundamental aspect of trading success. An informed trader is typically better positioned to navigate volatile markets, manage risks effectively, and develop robust strategies. Recognizing this, Eightcap invests in creating and curating a variety of educational resources, catering to traders at all skill levels. From comprehensive beginner guides on forex basics to more advanced webinars dissecting trading psychology or technical chart patterns, the broker attempts to empower its clients with knowledge.

These learning materials may be distributed in formats such as written articles, video tutorials, and interactive webinars. Topics often include fundamental analysis, technical analysis, risk management strategies, and platform tutorials for MT4/MT5. Some sessions also delve into specialized areas like trading cryptocurrencies, applying automated strategies, or understanding the nuances of trading indices versus individual shares. In many instances, Eightcap partners with market experts or experienced educators to deliver premium training content. Additionally, traders can also explore the platform risk-free through a demo account before committing real capital. Furthermore, they can benefit from daily or weekly market analyses, which summarize key economic events, technical price levels, and potential trading setups.

By combining theoretical insights with practical demonstrations, Eightcap’s educational ecosystem seeks to bridge the gap between novice curiosity and experienced proficiency. Even seasoned traders can find value in these resources by refining their strategies or discovering fresh perspectives on emerging market opportunities. Ultimately, the broker’s focus on education underscores a broader commitment to client success, laying the groundwork for more informed and confident participation in global financial markets.

As a global brokerage, Eightcap extends its services to clients across a broad swath of regions worldwide. Nonetheless, due to regulatory and legal constraints, the broker is restricted from accepting clients from certain jurisdictions, most notably the United States. Countries under financial sanctions or where local regulations explicitly prohibit CFD or leveraged trading may also be ineligible.

It’s worth noting that the entity of Eightcap regulated by the Securities Commission of The Bahamas (SCB) grants access to traders in regions that may not fall under ASIC oversight. This dual-entity framework allows the broker to operate legally and transparently in multiple markets, tailoring regulatory conditions to fit local requirements. Because rules and regulations can evolve over time, prospective clients are encouraged to verify the broker’s current availability within their jurisdiction by checking official Eightcap resources or consulting customer support.