In the dynamic world of forex trading, choosing the right Forex broker is crucial to success. Amongst many forex brokers available, it’s imperative to conduct thorough research before making a decision. In this review, we dive into EightCap, a prominent player in the Forex brokers industry in 2023. We’ll explore their company overview, services offered, trading instruments, platforms, account types, unique features, customer support, regulation, security, and customer reviews, ultimately providing you with the information you need to make an informed decision.
EightCap is a leading global forex and CFD broker that provides online trading services to retail and institutional clients. Founded in 2009, EightCap has its headquarters in Melbourne, Australia and maintains offices worldwide including London, Malaysia, Beijing and Johannesburg.
EightCap is authorised and regulated by top-tier regulators including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, the Financial Sector Conduct Authority (FSCA) in South Africa and the Labuan Financial Services Authority (LFSA) in Malaysia. Their dedication to innovation, user-friendly interfaces, and client-centric approach has positioned them as a preferred choice for both novice and experienced traders.
Overview in a glance
|Regulations||Australian Securities and Investment Commission (ASIC)and the Vanuatu Financial Services Commission (VFSC)|
|Trading Platforms||MetaTrader 4, MetaTrader 5|
|Account Types||Standard, Raw, [Additional Account Types]|
|Assets||Forex, Commodities, Indices, Cryptocurrencies|
|Customer Support||Email, Live Chat, Phone|
What Does EightCap Offer?
EightCap offers trading in a wide range of financial instruments across global markets.
Trading Instruments and Market Access:
EightCap provides access to over 250 trading instruments across 9 asset classes:
- Forex: 80+ currency pairs including majors, minors and exotics
- Indices: Major global indices like S&P 500, FTSE 100, DAX 30, CAC 40, ASX 200 etc.
- Commodities: Energy, metals and agricultural commodities like oil, gold, silver, natural gas, copper etc.
- Shares/Stocks: Access to over 8000 stocks across major exchanges.
- Cryptocurrencies: Top cryptos including Bitcoin, Ethereum, Litecoin, Ripple etc.
- Bonds: Government bonds and treasury bills.
- ETFs: 100+ Exchange Traded Funds.
- Futures: Index futures, commodity futures etc.
- EightCap offers market access to over 150 financial markets, including the forex market, the stock market, the commodity market, and the cryptocurrency market.
EightCap offers a choice of user-friendly trading platforms:
- MetaTrader 4: Industry leading platform for forex and CFDs trading.
- MetaTrader 5: Enhanced trading features, supports stocks and cryptos.
- EightCap Trader: Custom web-based platform, simple and intuitive.
- Mobile Apps: Android & iOS apps for trading on the go.
You can choose the platform that best suits your trading style and requirements.
Trading Account Types:
EightCap offers 5 account types to cater to all trader levels:
- Standard: For casual traders. Minimum deposit $100.
- Gold: For experienced traders. Minimum deposit $1000.
- Platinum: For professional traders. Minimum deposit $10,000.
- Islamic: Swap free account for Muslim traders. Minimum deposit $500.
- Demo: Practice account with virtual balances.
You can open an account with a minimum initial deposit and upgrade as you progress in your trading career.
Spreads, Withdrawals and Deposits
EightCap offers competitive interbank spreads than other forex brokers, starting from 0 pips on major currencies including EUR/USD, USD/JPY, GBP/USD and AUD/USD. Spreads are dynamic and may vary based on market conditions.
EightCap offers flexible and fast deposit and withdrawal options. You can fund your account via debit/credit card, bank wire transfer and popular e-wallets like Skrill, Neteller within 24 hours. Withdrawals are also processed quickly within 1 business day. No fees are charged on deposits and withdrawals.
And Why Should I Go for EightCap?
Here are some of the key benefits of trading with EightCap:
– Regulated globally by top-tier authorities for security of funds.
– ECN/STP execution ensures tight spreads and transparent pricing.
– Ultra-fast execution speeds and interbank liquidity providers.
– Choice of user-friendly trading platforms including MT4.
– Wide range of tradable instruments across global markets.
– Multiple account types suiting all trader levels and strategies.
– Lucrative trading conditions including high leverage up to 1:500.
– Round the clock multilingual customer support.
– Generous deposit bonuses and promotions for traders.
– Excellent educational resources for beginner and advanced traders.
– Trusted broker with 10+ years experience
What Makes Them Different from Other Forex Brokers?
Here are some unique strengths of EightCap that give them an edge over other forex brokers:
– Globally regulated brokers authorised across multiple jurisdictions.
– Negative Balance Protection ensures you cannot lose more than your investment.
– RAW ECN spread model for purest spreads and fair pricing.
– HyperFast Execution Speeds, over 90% of trades executed under 30 milliseconds.
– Partnerships with top industry liquidity providers like Citi and UBS.
– Award winning proprietary EightCap Trader platform.
– Dynamic leverage model provides higher leverage to experienced traders.
– Multilingual 24/5 dedicated account managers for personalised service.
– Frequent promotions – deposit match bonus, trade rebates, giveaways for traders.
– EightCap Connect portal provides transparency into trading costs, execution stats, swaps, commissions.
Will I Get Customer Support When Needed?
Yes, EightCap provides 24/5 multilingual customer support via live chat, email and telephone. Their global customer support team can assist you with:
– Account opening, funding and withdrawals.
– Help with trading platforms and tools.
– Resolving any technical or trading issues.
– Providing market analysis and trading signals.
– Personalised support in English, Chinese, Hindi, Malay, Arabic, Spanish and more.
You can get quick assistance from their knowledgeable support reps any time the markets are open.
In a rapidly evolving Forex market, EightCap stands out as a trustworthy and innovative broker in 2023. With a wide range of trading instruments, user-friendly platforms, diverse account options, and a commitment to customer support, EightCap provides a comprehensive trading experience for both new and seasoned traders.
With competitive spreads starting from 0 pips, fast executions, multiple trading platforms and instruments, as well as excellent customer support, EightCap provides an optimal brokerage service for active traders of all levels. Their global regulation, fund segregation measures and strong security infrastructure also ensure your investments are protected at all times.
And if we talk about their emphasis on transparency, security, and education, all the mentioned characteristics make them a reliable choice for those seeking a partner in their Forex trading journey. Remember, thorough research and consideration are essential when choosing a Forex broker, and EightCap’s offerings make them a strong contender worth considering.
You can now access Telegram Signal Copier lifetime subscription for FREE by registering with Eightcap and depositing $509. All you need to do-
- Click on the link: Register
- Open a new real account.
- Deposit $509 as your trading balance.
- Contact our support team. Available 24/5!
So, if you are looking for a reliable broker to trade forex, indices, commodities, stocks and cryptos, give EightCap a try today!