Eightcap (Eightcap Pty Ltd) is a forex broker established in 2009 and registered in Australia, with its headquarters in Melbourne and branches in the Bahamas, Saint Vincent, and the Grenadines. The broker primarily provides clients with services in forex, commodities, stocks, indices, and more.
Company Background
Eightcap is a trading service broker with its registered entity being Eightcap Pty Ltd, headquartered in Melbourne, Australia. The website was established on March 13, 2009. According to Whois information, the domain name of Eightcap's official website was registered on February 25, 2011.
Regulatory Information
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Securities Commission of The Bahamas (SCB), the Financial Conduct Authority (FCA) of the UK, and the Cyprus Securities and Exchange Commission (CySEC).
- Eightcap Pty Ltd (ABN 73 139 495 944) is regulated by the Australian Securities and Investments Commission (AFSL 391441), with its registered office located at “The Rialto”, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia.
- Eightcap Group Ltd is authorized and regulated by the Financial Conduct Authority (FCA), FRN 921296. Eightcap Group Ltd is a company registered in England and Wales, registration number 12448314, and its registered address is at 40 Gracechurch Street, London, EC3V 0BT.
- Eightcap EU Ltd, registered in Cyprus, company registration number HE329922, is regulated by the Cyprus Securities and Exchange Commission (CySEC), license number 246/14, with its registered office located at Anexartisias 187, 1st floor, 3040 Limassol, Cyprus.
- Eightcap Global Limited is regulated by the Securities Commission of The Bahamas (SCB) (SIA-F220), with its registered office located at 208 Church Street, Sandyport, Nassau, The Bahamas.
Trading Products
Eightcap offers a variety of trading products, including forex, commodities, indices, and stocks.
Forex: Eightcap allows investors to participate in the forex market, offering various currency pair trading opportunities. Investors can trade based on the price fluctuations of one currency against another.
Commodities: Eightcap offers investors the opportunity to trade commodities, which are divided into soft and hard goods. Soft goods refer to agricultural products like cotton and wheat, while hard goods refer to energy materials like oil and gold.
Indices: Eightcap allows investors to trade based on the price trends of specific financial indices. These include stock indices, commodity indices, bond indices, etc., enabling investors to participate in the market by trading these indices.
Stocks: Eightcap enables users to trade a wide range of popular global stocks.
Trading Software
Eightcap offers investors four trading platforms: TradingView, WebTrader, MetaTrader 4, and MetaTrader 5.
TradingView: 12 customizable chart types including Kagi, Renko, and Point & Figure. Over 50 smart drawing tools. Bind your account to the TradingView mobile app on iOS/Android for quick market response with just a few taps. Make more accurate choices with a range of leading technical forecasting indicators, including 100,000+ community indicators, which are exclusive custom indicators by TradingView.
WebTrader Web Trading: Logging into your account is necessary when using WebTrader for web trading.
MetaTrader 4: Offers investors an intuitive trading interface, using the most advanced technical analysis functions, including 24 analytical objects: candlestick, channel graphs, Gann, and Fibonacci tools, and others. The MT4 platform uses the highest security standards, with data exchange between the client and the platform encrypted with powerful 129-bit technology, ensuring secure data transmission between the server and client. The platform also supports RSA digital signatures and advanced SSL certification.
MetaTrader 5: MetaTrader 5 provides a powerful and flexible trading system with advanced market depth features, including independent accounting of orders and trades, full support for trading orders, and execution modes. MT5 adds more technical indicators, a wider range of order types, and a more advanced built-in economic calendar than MT4.
Account Registration
Eightcap's official website offers real and demo account registration as follows:
- Real Account Registration:
Open Eightcap's official website and click "Open Account" at the top right of the website.
Or, scroll down on Eightcap's official website to the "Ready to Open An Account" title, click on "Go to Register" in the create an account section.
After opening the interface, fill in the information (such as email, password, etc.) to complete the real account registration.
- Demo Account Registration:
Open Eightcap's official website, scroll down to the "Ready to Trade?" section below the title, and click "Try Now".
After opening the interface, fill in the information (such as email, password, etc.) to complete the demo account registration.
Account Types
Eightcap offers three different types of trading accounts, Raw Spread accounts, Standard Commission-Free accounts, and TradingView accounts, to meet the needs of different traders. The minimum deposit for all three accounts is $100. Raw Spread accounts offer spreads as low as 0.0 pips, while Standard Commission-Free accounts and TradingView accounts offer spreads as low as 1.0 pip. Raw Spread accounts have a transaction fee of 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot per side, whereas Standard Commission-Free and TradingView accounts are commission-free (stocks include commissions). All three account types support base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD, and also support ultra-short trading.
Deposit and Withdrawal Methods
Eightcap also offers a variety of deposit and withdrawal options, such as AII, Europe, Australia, Asia, UK, LATAM, Canada, and more. The processing time for most payment methods is instant, while a few require 1-5 working days. Eightcap does not charge any internal fees for deposits or withdrawals. Each withdrawal is subject to review by our finance team, which may take 1-2 working days. Once we complete the request, the funds will arrive according to the listed processing time. "Instant" means the transaction is completed within seconds without the intervention of the financial department or manual handling. Eightcap does not accept third-party payments and prohibits direct or over-the-counter cash payments.
Customer Support
This broker provides multilingual support and offers services through multiple channels, including phone support, email, and online chat. Traders can contact the customer support team by phone at +61 3 7035 0278 for direct and immediate assistance. Investors can also send their questions or requests to customerservice@eightcap.com. Additionally, the online chat feature on Eightcap's official website enables quick communication with the broker, providing 24-hour service from Monday to Friday.
Summary
Eightcap, registered and established in Melbourne, Australia, is regulated by multiple regulatory authorities including the Australian Securities and Investments Commission (ASIC) and others. Eightcap offers a variety of trading products, including forex, commodities, stock indices, and more. Investors are reminded that before engaging in high-leverage trading, they should thoroughly understand market mechanisms and carefully consider their investment objectives and risk tolerance.
Currently, Eightcap is marked as "Active" on the TraderKnows.
