About Eightcap.com
Eightcap.com believe they can make your MT4 trading experience better. We’re an award-winning broker who is focused on your security and peace of mind. They deliver a personalised trading experience and create an ultra-efficient technology infrastructure for you to trade on. That’s why they have been awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards.
Eightcap Cryptocurrency Exchange were founded in Melbourne, Australia in 2009 with a simple, clear mission: to provide exceptional financial services to clients. This fundamental principle remains at the core of everything we do at Eightcap and they believe staying true to it is pivotal to success.
Now with 5 offices across the globe and regulation in multiple locations, they provide clients all over the world with the ability to trade on a broad range of markets across FX, Indices, Commodities and Shares.
Basic Information
| Exchange | Details |
|---|---|
| Exchange Name | Eightcap |
| Exchange Type | Cryptocurrency |
| Min Deposit | Free |
| Withdrawal Fee | Free |
| Minimum Deposit | $100 |
| Product Offered | Forex, CFD, Crypto |
| Support | 24/7 |
| Website | Homepage |
How To Sign Up & Start Trading
Commissions and fees
Eightcap offers two account types across its global entities, including those in Australia and Vanuatu. The commissions and fees you pay will depend on whether you choose the commission-based Raw account or the spread-only Standard account.
Eightcap Cryptocurrency Exchange lists an average spread of 0.06 pips for its commission-based Raw account. However, after factoring in the per-side commission of $3.50 per trade, the all-in cost amounts to roughly 0.76 pips – coming in just under the industry average of 0.8 pips. It’s worth noting that Eightcap did not provide a date range for its published average spread data.
Trading Instruments
The trader has access to over 1000+ financial instruments, including major and minor currency pairs, oil, gold, silver, shares and cryptocurrency CFDs.
The broker has recently expanded its Stock CFD Range by adding ASX Share CFDs, NASDAQ Share CFDs, NYSE Share CFDs, LSE Share CFDs, German Share CFDs.
Going deeper into a promised competitive offering, the broker indeed brings excellent costs with the typical spread for EUR/USD at a standard 1.0 pips, as well as a raw spread of 0.0 pips. The spread for metals XAU/USD sits at 1.0 pips.
Trading Platforms
With Eightcap.com, the trader will have access to MetaTrader 4 and the newer MT5 platform, which has numerous advanced features and tools. The proprietary developed platform is available for desktop and mobile apps with the same capabilities to view prices in real-time, monitor or access an account, and enable chat and push notifications.
MT4 provides all the necessary tools and resources that are essential for successful trading, with a range of indicators, and strategies to use.
Payment Methods
The number of payment methods to fund the trading account which allows you to transfer from Demo trading to Live one including instant deposits through Visa/MasterCard, Skrill, POLi Payment, Neteller, China UnionPay and Bank Wire Transfers.
Eightcap clients can now deposit via BTC and USDT on USD accounts only.
While you may choose at your convenience a base account currency either AUD, USD, GBP, EUR, NZD, CAD and SGD, the deposits and withdrawals will be respectively made in the same currency as the base of trading account.
EightCap Minimum deposit
Minimum deposit is 100$ at EightCap for both account types offered. Also, Eightcap Cryptocurrency Exchange does not charge any internal fees for deposits or withdrawals, yet you should note that payments from non-Australia banks may be subject to bank fees and is solely your responsibility.
EightCap minimum deposit vs other brokers
| EightCap | Most Other Brokers | |
| Minimum Deposit | $100 | $500 |
Withdrawals
EightCap withdrawal options including bank transfer, debit cards and ewallets. There is no fee for deposits and withdrawals, meaning you can easily manage fundings, yet make sure to deposit in your account base currency to avoid conversion.
Customer Support
What is more, all trading styles are accepted, with no restrictions to use EAs or other strategies, also with flexible lot sizing and high leverage options. Regardless of the account type all traders will have the same professional conditions to trade, as well as support from the company for any requirement.
