Our Verdict on Eightcap
Eightcap offers leveraged trading in forex and CFDs through third-party platforms, with Standard and Raw pricing and a separate TradingView-integrated UK account. The contracting entity depends on a client’s location, so leverage, product access and protections can differ.
Best For: Traders who want a choice of spread-only or commission-based pricing and use MT4, MT5 or TradingView.
Key Strength: A range of platform options supports chart-based and automated trading, while the Raw account offers spreads from 0.0 pips with a commission.
Main Limitation: Terms are not uniform across entities, and CFDs carry financing and market risks. Eightcap does not offer a swap-free Islamic account.
Verdict: Eightcap may suit platform-focused CFD traders who understand the costs and risks of leveraged products. Check which entity will hold the account and the terms that apply before depositing.
How We Rate Brokers: View our review methodology.
Strong Tracks
- Standard and Raw pricing give traders a choice between spread-only costs and spreads from 0.0 pips plus commission.
- MT4, MT5, TradingView and TradeLocker provide several platform options.
- Scalping and automated trading are permitted on standard trading accounts.
Weak Tracks
- Leverage, available products and protections depend on the contracting entity and client classification.
- Overnight swap charges apply, and Eightcap does not offer swap-free Islamic accounts.
- There is no investor compensation scheme provided as a general feature; eligibility depends on the entity and client.
Eightcap at a Glance
| Feature | Details |
|---|---|
| Founded | 2009 |
| Headquarters | Level 37, Rialto South Tower, 525 Collins St, Melbourne VIC 3000, Australia |
| Pricing Model | Hybrid: spread-only + raw/commission |
| Spreads Starting From | 1 pips |
| Leverage up to | 1:500 |
| Demo Account | Yes |
| Customer Support | 24/5 |
Is Eightcap Safe and Regulated?
4.2/5
Eightcap operates through separate regulated entities, including firms associated with Australia, Cyprus, the UK and the Bahamas. The applicable safeguards and complaint or compensation routes depend on the entity named in the client agreement; a brand-level description does not establish which protections apply to an individual account.
Regulatory Licences
Eightcap Pty Ltd — ASIC, licence/reference 391441 (Australia).
Eightcap EU Ltd — CySEC, licence/reference 246/14 (EEA / Cyprus).
Eightcap Group Ltd — FCA, licence/reference 921296 (United Kingdom).
Eightcap Global Limited — SCB (Bahamas), licence/reference SCB SIA-F220 (International / Bahamas entity (subject to exclusions)).
Client Protection Measures
Eightcap says it segregates client funds from its operational funds. The rules governing client money depend on the contracting entity and jurisdiction. Eightcap also says negative balance protection applies to retail clients across its regulated entities; professional-client treatment may differ. Compensation eligibility is entity- and client-dependent, so clients should not assume that an investor compensation scheme applies to every account.
Eightcap Trading Fees
4.7/5
Spreads and Commissions
Pricing is floating. The Standard account is commission-free on major CFDs, with spreads starting from 1.0 pip. The Raw account offers spreads from 0.0 pips and charges $3.50 per standard lot per side on forex, or $7 for a round turn. Share CFDs have a separate commission of $2 per side per lot ($0.02 per share) on both account types. Actual trading costs depend on the instrument, spread at the time of trading and any applicable financing.
Other Trading and Non-Trading Charges
Positions held past the daily market close incur overnight swap charges, which may be debited or credited depending on the instrument, direction and applicable rate. Triple swaps apply on Wednesdays for forex and metals, and on Fridays for share and index CFDs. Eightcap does not offer a swap-free Islamic account. The broker charges a $10 monthly inactivity fee after 12 months. It charges no deposit, withdrawal or currency-conversion fee.
Eightcap Account Types
4.9/5
Standard and Raw accounts share a $100 minimum deposit. Standard pricing has no commission on major CFDs and uses wider spreads; Raw pricing combines tighter spreads with a per-lot commission. A TradingView-integrated account is available through Eightcap’s UK entity and is distinct from the Standard and Raw products. Account and platform availability can vary by jurisdiction.
- Minimum Deposit
- $100
- Available Platforms
- MT4; MT5; TradingView
- Maximum Leverage
- Up to 1:500 on selected forex CFDs (international); EU retail lower
- Account Currencies
- EUR, GBP, USD (EU entity); other entities may offer additional currencies
- Distinctive Features
- Spreads from zero with a per-lot commission; platform and product access region-dependent
- Minimum Deposit
- $100
- Available Platforms
- MT4; MT5; TradingView
- Maximum Leverage
- Up to 1:500 on selected forex CFDs (international); EU retail lower
- Account Currencies
- EUR, GBP, USD (EU entity); other entities may offer additional currencies
- Distinctive Features
- Commission-free pricing on major CFDs; jurisdiction determines available platforms
- Minimum Deposit
- $100 on cited TradingView/account page
- Available Platforms
- TradingView (UK product)
- Maximum Leverage
- Retail up to 1:30 on major FX (UK; instrument-specific)
- Account Currencies
- GBP, EUR, USD (Eightcap UK)
- Distinctive Features
- TradingView-integrated UK CFD account; distinct from the Standard/Raw product comparison
How to Open an Account with Eightcap
Opening a live account requires Know Your Customer verification. Applicants need to provide government-issued proof of identity and proof of address; corporate applicants need additional entity documentation. Registration alone does not complete verification, and withdrawals require the account holder to complete the required checks. The minimum deposit for the Standard and Raw accounts is $100 or the equivalent in an available base currency.
Margin Requirements and Risk Management
4.9/5
Leverage depends on the instrument, contracting entity and client classification. Eightcap offers up to 1:500 on forex and major commodities through its SCB-regulated entity. Retail clients under ASIC, FCA and CySEC frameworks are generally limited to 1:30 on major forex pairs; professional-client treatment can differ. Equity CFDs have a lower maximum leverage of 1:5. These limits are not interchangeable across products or jurisdictions.
Leverage magnifies both gains and losses, and a position can be closed when available margin is insufficient. Eightcap says negative balance protection applies to retail clients across its regulated entities, but its scope may differ for professional clients. Confirm the margin terms and protections attached to the account before trading.
Trading Platforms and Execution
4.3/5
Platforms and Trading Features
Eightcap offers MT4, MT5, TradingView and TradeLocker rather than a proprietary platform. MT4 and MT5 support Expert Advisors, while TradingView provides chart-based trading and community features. TradeLocker is an additional platform option. Platform availability depends on the account and jurisdiction.
Copy and social trading are supported through third-party services, including Pelican Trading, rather than through an in-house Eightcap copy-trading app. Automated trading tools and VPS hosting are also available; service terms and provider arrangements may vary.
Order Execution and Trading Restrictions
Scalping, hedging and Expert Advisors are generally permitted on standard live accounts. That does not guarantee a particular fill price: volatility, news, limited liquidity, transmission delays or large orders can result in execution at the next available market price. Limit, stop and stop-loss prices are not assured; an activated stop-loss becomes a market order, and guaranteed stop-loss protection is unavailable. Trading during news releases can involve wider spreads and slippage. Separate challenge or prop-style products may impose different restrictions.
Is Eightcap’s TradingView Plus Benefit Worth the Trading Requirement?
Eightcap’s UK TradingView arrangement can be attractive if you already trade every month. Eligible clients who fund and connect an Eightcap account can retain TradingView Plus by making at least one trade a month; a TradingView Plus subscription would otherwise cost £33.95 per month. One qualifying trade sounds inexpensive, but an otherwise unnecessary position can cost more than a subscription once spread and market exposure are considered. The benefit is best valued against charting and alert features you would genuinely pay for. It is also a UK-specific arrangement, not a promise of identical access across Eightcap’s international entities.
Available Markets and Products
4.7/5
Markets Available at Eightcap
- Forex
Maximum Leverage1:200
- Major
- Minor/Cross
- Exotic/Emerging-market (pairs)
- Indices
Maximum Leverage1:200
- Global equity indices
- Cryptocurrencies
Maximum Leverage1:20
- Crypto derivatives (coins not specified)
- Commodities
Maximum Leverage1:200
- Metals
- Energy
- Stocks
Maximum Leverage1:5
- Stocks (markets not specified) (CFDs)
Eightcap offers forex and CFDs on global indices, metals, energy, shares and cryptocurrencies. Cryptocurrency exposure is through derivatives, not direct coin ownership.
Market Coverage and Accessibility
Product availability and leverage depend on the contracting entity and instrument. CFD exposure does not confer ownership of the underlying shares or digital assets, and overnight financing may apply to positions held open.
Deposits, Withdrawals and Customer Support
4.7/5
Deposit and Withdrawal Conditions
| Feature | Details |
|---|---|
| Minimum Deposit | $100 |
| Deposit Methods | Mastercard, Visa, Skrill, Wire Transfer, PayPal, Neteller, Interac, Pix, China Union Pay, PromptPay, Payment Asia, Bitcoin, Tether |
| Withdrawal Methods | Mastercard, Visa, Skrill, Wire Transfer, PayPal, Neteller, Interac, Pix, China Union Pay, PromptPay, Payment Asia, Bitcoin, Tether |
| Deposit Fees | No |
| Withdrawal Fees | No |
| Processing Time | Deposit: Cards, e-wallets, and crypto methods normally reach the account instantly; bank transfers usually take 1–5 business days.; Withdrawal: E-wallet payouts are generally finished within 1 business day. Cards usually take roughly 1–3 business days, and bank transfers may need 1–5 business days. |
| Verification Requirements | Yes |
The minimum deposit for Standard and Raw accounts is $100 or the equivalent in an available base currency. Cards, e-wallets and cryptocurrency deposits normally arrive instantly; bank transfers usually take 1–5 business days. E-wallet withdrawals generally take up to one business day, card withdrawals around 1–3 business days, and bank transfers 1–5 business days. Processing times can vary by payment route. Eightcap charges no deposit or withdrawal fee.
Customer Support
Customer support operates 24/5 through live chat, email and phone, with support in several languages. Customer experiences vary: some users report prompt technical assistance, while more complex account-access or technical issues may require sustained follow-up.
Eightcap vs Competitors
Broker Comparison Table
| Feature | Eightcap | Pepperstone | IC Markets |
|---|---|---|---|
| Regulation | ASIC, CySEC, FSA, FCA, SCB, FSC | ASIC, SCB, CySEC, DFSA, SCA, BaFin, CMA, FCA | ASIC, CySEC, FSA, SCB |
| Minimum Deposit | $100 | $10 | $200 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, TradingView, TradeLocker | Pepperstone platform, MetaTrader 4, MetaTrader 5, cTrader, TradingView | MetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader |
| Leverage | 1:500 | 1:1000 | 1:1000 |
| Suitable For | Primarily suited to traders past the entry-level stage, especially those with intermediate or advanced experience. | Well suited to active forex and CFD traders who place importance on competitive pricing, multiple platforms, and strong regulatory oversight. | Particularly relevant to scalpers, automated-strategy users, and traders dealing in high volumes who prioritize low spreads. |
Key Competitive Differences
Pepperstone and IC Markets are alternatives for traders comparing account costs and minimum funding. The Standard-account starting spread is 1 pip for all three brokers, but a starting spread is not a guarantee of the spread available during trading, and entity-specific terms still matter. Eightcap’s Raw account combines spreads from 0.0 pips with a $3.50-per-side forex commission; Raw-account costs for the alternatives are not directly comparable.
The minimums also differ across the cited terms: Eightcap’s Standard and Raw accounts require $100, Pepperstone’s UK general minimum is £10, and IC Markets has accounts with no minimum deposit. These figures apply to different account and jurisdiction contexts, so they are not a like-for-like comparison of eligibility or trading conditions. Review the relevant entity’s terms before choosing between them.
Who Is Eightcap Best For?
Traders Who May Benefit
Eightcap may suit traders who want to choose between spread-only Standard pricing and Raw pricing with a commission, and who value access to MT4, MT5 or TradingView. Its support for automated strategies may also appeal to traders who already understand how to manage the execution and margin risks of leveraged CFDs.
Traders Who May Prefer Alternatives
Traders who require a swap-free account may prefer a broker that offers one, because Eightcap charges overnight swaps on its accounts. Those seeking a single set of leverage and protection terms across regions should also compare alternatives: Eightcap’s conditions vary by contracting entity and client classification. A lower initial funding threshold may matter to traders unable to meet the $100 minimum for its Standard and Raw accounts.
Frequently Asked Questions
What is Eightcap’s minimum deposit?
The Standard and Raw accounts require a $100 minimum deposit, or the equivalent in an available base currency. The TradingView-integrated UK account has a cited $100 minimum on its account page.
Can Eightcap clients use leverage of 1:500?
Up to 1:500 is available on forex and major commodities through Eightcap’s SCB-regulated entity. Retail clients under ASIC, FCA and CySEC frameworks are generally limited to 1:30 on major forex pairs; the applicable limit depends on the entity, instrument and client classification.
Does Eightcap offer an Islamic account?
No. Eightcap does not offer a swap-free Islamic account, and overnight swap charges apply to positions held past the daily market close.