EightCap Forex Trading

It must be remembered that the Australian regulator does not provide any compensation to investors if the licensed company becomes insolvent.

Australian Company Eightcap was registered in 2009. And owned by EightCap Pty Ltd ((ABN 73 139 495 944)) Type of broker: ECN / STP

Eightcap-of-site

Trading Terms

Major currencies for trading: AUD, USD, GBP, EUR, NZD, CAD and SGD;

Allowed: scalping, hedging;

The following underlying assets are offered for trading.

Tools: Currencies Crypto indices Metals Energy.

Indices. Symbol Typical Spreads:

  • AUS200 1.0–1.2 pips;
  • UK100 1.0–2.0 pips;
  • GER30 1.0–2.0 pips;
  • JPN225 4.0–5.0 pips;
  • SPX500 0.3–2.5 pips;

Cryptocurrency:

  • Bitcoin (BTCUSD) 40–50 pips;
  • Bitcoin Cash (BCHUSD) 8–12 pips;
  • Bitcoin Gold (BTGUSD) 2–4 pips;
  • Ethereum (ETHUSD) 4–6 pips;
  • Litecoin (LTCUSD) 2–4 pips;
  • Ripple (XRPUSD) 1–2 pips;

Eightcap-of-site

Commodities:

  • Brent Crude Oil, West Texas Intermediate Crude Oil, Silver, Gold.
  • Deposit and withdrawal of funds:
  • Credit / debit cards (commission — 0);
  • Payment POLi (only AUD, commission — 0);
  • Bank transfer (the commission is specified in the bank);
  • BPAY (USD, commission — 0);
  • uPOP (RMB, commission — 0);
  • Skrill (USD, EUR, commission- 0);

Eightcap allows you to make a minimum transaction of 0.01 lot. This may vary by account.

Maximum trading requirements vary by trader and instrument. Since Eightcap offers ECN and STP execution, customers are offered favorable tight spreads with greater transparency at a price that is charged for executing their trades.

Given that Eightcap is a market maker, it may have lower entry requirements compared to an ECN broker. Market makers usually have a lower minimum deposit, lower minimum trading requirements and do not charge a transaction fee.

Like most brokers, margin requirements vary by trader, accounts, and instruments. Margin requirements are available on their website.

Offered by MAMM / PAMM allow traders to have several accounts at the same time and you can place deals with each one.

Trading Platforms

Eightcap-of-site

MetaTrader 4, MetaTrader 5, WebTrader

The broker, in partnership with Myfxbook, offers its clients another platform — AutoTrade. On it you can monitor, compare, analyze transactions, share your trading activities. And what makes it attractive for beginners is that it allows you to copy trades of more successful traders.

To access the AutoTrade platform, the minimum deposit must be at least $1,000.

To open an account you need:

A new client needs to go through several basic compliance checks in order for the broker to make sure that clients understand the risks associated with trading. What is required to provide during registration:

  • Scanned color copy of your passport, driver’s license or ID
  • Utility bill or bank statement for the last three months with your address

You will also need to answer a few basic compliance questions to confirm your trading experience. This procedure may take more than 10 minutes.

You can immediately explore the Eightcap platform through the training section. It should be noted that the client will not be allowed to commit any transactions until he reaches a certain level of trading. This may take several days, depending on the knowledge and skills.

The only significant minutes of the broker — there are no analytical and news materials on the site.

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EightCap Forex Trading

Eightcap-logo
Min. deposit

$100

Regulators

ASIC

Leverage

1: 500

EURUSD spread

from 0 points

Platforms

MetaTrader 4, MetaTrader 5, WebTrader

Year of foundation

2009

Country

Australia