Eightcap Review

Why choose Eightcap

Specializes in cryptocurrency CFDs with competitive spreads.

Pros

  • Over 250 crypto assets
  • User-friendly platforms
  • Responsive customer support.

Cons

  • Limited traditional asset classes,primarily focuses on crypto trading.
Eightcap

Eightcap

Fee Level:

Low

Inactivity Fee:

None

Index CFD Fee:

N/A

Investor Protection:

Compensation schemes vary by jurisdiction.

Mobile Platform:

Crypto-friendly app with real-time price alerts

Visit Eightcap

Offers a cost-effective trading environment with minimal fees.

Pros

  • No inactivity or withdrawal fees
  • Competitive crypto spreads.

Cons

  • Limited investor protection for clients under certain regulatory jurisdictions.

Employs negative balance protection and segregated client funds to safeguard traders' assets.

Pros

  • Robust security protocols, including SSL encryption and segregated client funds.

Cons

  • Limited investor protection for clients under certain regulatory jurisdictions.

Supports bank transfers, cards, Skrill, Neteller, PayPal, and crypto payments. Deposits instant; withdrawals 1–3 days.

Pros

  • No deposit fees, multiple e-wallets, fast processing.

Cons

  • No deposit fees, multiple e-wallets, fast processing.

Eightcap provides a quick and smooth account registration process, with approval taking 24 hours after document verification.

Pros

  • No minimum deposit with a user-friendly onboarding process.

Cons

  • No minimum deposit with a user-friendly onboarding process.

Eightcap provides mobile trading through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) apps, available for iOS and Android. The apps offer user-friendly interfaces with advanced charting tools and a variety of technical indicators. Some users have reported occasional connectivity issues.

Pros

  • User-friendly interface, Advanced charting tools, Wide range of technical indicators.

Cons

  • Occasional connectivity issues.

Eightcap offers MetaTrader 4 and MetaTrader 5 desktop platforms, known for their reliability and advanced features. The platforms support automated trading and offer a range of analytical tools. The design may appear outdated to some users.

Pros

  • Advanced analytical tools, Automated trading support, Customizable interface.

Cons

  • Outdated design.

Eightcap offers a broad range of instruments, including over 40 currency pairs, indices, commodities, and cryptocurrencies. This diverse selection allows for extensive trading opportunities.

Is Eightcap a regulated broker?

Yes, Eightcap is regulated by multiple financial authorities, including the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK.

What trading platforms does Eightcap offer?

Eightcap provides access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as integration with TradingView for advanced charting and analysis.

What deposit and withdrawal methods are available at Eightcap?

Eightcap supports various payment methods, including bank transfers, credit/debit cards, PayPal, Skrill, Neteller, and cryptocurrencies. Most deposits are processed instantly, while withdrawals are typically processed within 24 business hours.