Eightcap is a brokerage company that offers traders access to more than 800 trading instruments. These instruments include CFDs on a wide range of assets such as currency pairs, cryptocurrencies, indices, stocks, commodities and precious metals. This diversity allows traders to choose and trade different types of assets depending on their investment preferences and strategies.

The minimum deposit required to open an account with Eightcap is $100. The broker offers two types of real trading accounts. The first of them is a standard account where traders can use the usual spread without additional fees. The second type of account, a RAW account, involves the use of an unprocessed spread, which can reduce trading costs if the brokerage fee is paid.

One of the distinctive features of Eightcap is the leverage provided, which can reach up to 1:500. This leverage allows traders to open large positions in the market, increasing potential profits, but also risks. It is important to note that the spreads on the platform are floating and can vary from 0 or 1 point depending on the type of account, which also affects the general trading conditions.

Trading is carried out through the popular trading platforms MetaTrader 4 and MetaTrader 5, as well as through TradingView, which provides traders with access to modern tools for analyzing and graphically displaying data. These platforms have powerful functionality and flexibility, which allows you to effectively conduct trading operations and analyze market conditions.

Eightcap stands out for its approach to learning and analytics. The broker offers traders access to an extensive training base and analytical materials, which can be especially useful for both novice traders and experienced professionals seeking to improve their trading skills and knowledge. In addition, the platform includes unique tools such as Capitalise.ai which provides the possibility of automatic trading with minimal risk. This tool can be useful for traders who want to automate their trading strategies and minimize participation in the trading process.

It is important to note that Eightcap does not offer passive income options such as referral programs or other income-generating mechanisms without active participation. This can be a significant factor for those who are looking for opportunities to create an additional source of income through affiliate or referral schemes.

Traders working with Eightcap can choose the account currency from several available options: AUD, USD, GBP, EUR, NZD, CAD and SGD. The Margin call and Stop out levels on the platform are set at 80% and 50%, respectively, which provides risk control and helps to manage open positions in conditions of market instability.

Trading conditions

Eightcap is a brokerage company that offers traders access to an extensive selection of trading instruments and convenient trading conditions. One of the key aspects that distinguishes Eightcap from other brokers is the simplicity of the minimum deposit issue. Unlike many brokers, where the minimum deposit can vary depending on the type of account and can range from $10 to $1,000, Eightcap sets a fixed minimum deposit of $100 for all types of accounts. This simplifies the process of starting trading, since it is enough for a trader to deposit the specified amount to open a real account and start his trading activities. After opening an account, traders can choose the appropriate account type, as well as focus on their own preferences and the minimum transaction value, which is 0.01 standard lot.

Leverage in Eightcap also does not depend on the type of account, which is a significant advantage. Leverage of up to 1:500 is available for all assets, which allows traders to control larger positions in the market and increase potential profits. However, it is important to note that such high leverage also increases the risk of losses, and traders should carefully manage their positions and risks.

Trading is carried out through three popular trading platforms: MetaTrader 4, MetaTrader 5 and TradingView. MetaTrader 4 and MetaTrader 5 are well–known and widely used platforms that offer a rich set of tools for technical analysis, order management and trade automation. TradingView, in turn, is known for its powerful graphical analysis features and a social network for traders. These platforms provide traders with access to a wide range of tools and functions that can help in the development and implementation of trading strategies.

There are no PAMM accounts in Eightcap, which means that traders cannot invest in managed accounts and earn income from other people's trading solutions. In addition, the broker does not offer affiliate programs that could provide additional earning opportunities through attracting new customers or participating in affiliate schemes. This can be a significant factor for traders who are looking for passive income opportunities.

As for depositing and withdrawing funds, Eightcap offers a wide range of methods, which makes financial management convenient and flexible. Available methods include Visa, MasterCard, POLI, Wire Transfer, BPAY, UnionPay, Skrill, Neteller, BTC and ETH cryptocurrencies, PayPal, WorldPay, FasaPay, PayRetailers and PSP. Such a wide range of payment systems allows traders to choose the most convenient and suitable transaction methods for them.

Eightcap technical support is available around the clock, which is an important advantage for traders working in various time zones and in need of prompt assistance. Support is provided in several languages, which makes communication more convenient for international clients. However, it is worth considering that technical support is not available on weekends, which can be a limiting factor for traders who may encounter problems or questions on the weekend.

For traders who are just starting their way in trading or want to test the platform, Eightcap offers a free demo account. This gives you the opportunity to familiarize yourself with the functionality of the platform and test trading strategies without the risk of losing real funds. The demo account is available for 30 days, which provides enough time for in-depth study and practice.

In Eightcap, you can choose between two types of real trading accounts: with a standard spread and with a raw spread. The standard account offers a fixed spread with no additional fees, whereas the RAW account provides a raw spread and requires payment of a brokerage fee. This gives traders flexibility in choosing trading conditions depending on their preferences and strategy.

The broker offers more than 800 assets, including CFDs on currency pairs, cryptocurrencies, indices, stocks, commodities and precious metals. Such a variety of tools allows traders to diversify their investments and use different trading strategies. The spreads on the platform are floating and can start from 0 or 1 point depending on the type of account, which also affects the trading conditions and potential costs.

Margin call and Stop out levels are set in Eightcap for risk management. Margin call is set at 80% and Stop out is set at 50%. These levels help traders to control their positions and prevent significant losses in conditions of market instability.

When comparing Eightcap with other brokers such as FxGlory, AMarkets and FPMarkets, it is worth paying attention to several key advantages and differences that may be important for traders. Eightcap provides several significant advantages over FxGlory, AMarkets and FPMarkets, such as a fixed minimum deposit, access to unique tools, an extensive selection of platforms, and a wide range of payment systems. These features can make Eightcap an attractive option for traders looking for flexible trading conditions, quality training and support.

Commissions and fees

Brokers, like any commercial organization, need ways to earn money in order to remain financially stable and continue to provide services to their clients. Brokers usually earn income from spreads, trading commissions, or a combination of both. Eightcap stands out from other brokers with its approach to determining trading conditions and costs, offering traders flexible options that can make trading more convenient and profitable.

Eightcap offers two types of real trading accounts with different conditions:

Standard account: This type of account offers standard spreads starting from 1 point. In this case, there is no commission for trading, which may be beneficial for traders who prefer the predictability of their trading costs. Although spreads may be higher than on some other platforms, the lack of additional fees simplifies calculations and budget planning.

Raw account: For traders seeking the most competitive trading conditions, Eightcap offers a Raw account. Unprocessed spreads are applied on this account, which can start from 0 points. However, a fee of $3.5 per standard lot is charged for using this type of account. This option may be beneficial for active traders who can compensate for the additional commission due to narrower spreads.

It is important to note that regardless of the account type, the terms at Eightcap are considered competitive compared to most other brokers. However, traders should take into account the specifics of the floating spread, which may vary depending on market conditions. This can lead to fluctuations in trading costs, so traders need to closely monitor changes in the market.

Another important aspect of financial costs are withdrawal fees. Eightcap does not charge withdrawal fees, which is a significant advantage for traders. However, it should be borne in mind that commissions may be charged by other parties, such as banks, cryptocurrencies or online transfer systems. These additional fees can significantly affect the total cost of transactions, so traders are advised to specify possible fees in advance to avoid unpleasant surprises.

For an objective assessment of the trading conditions in Eightcap, it is useful to compare it with other brokers. Eightcap has an average commission of $5.5 per standard lot, which makes it one of the more highly rated commissions, although the absence of a withdrawal fee and the ability to choose between account types with different trading conditions add to the attractiveness of this broker. At the same time, RoboForex offers a low average commission of $1 per standard lot, which can be especially beneficial for traders seeking to reduce their trading costs, although conditions may vary depending on the type of account. Pocket Option has an average commission of $2.5 per standard lot, which puts it on an average level compared to competitors, providing traders with a balanced combination of trading costs and trading conditions.

Thus, for traders choosing a broker, it is important to take into account not only the levels of commissions and spreads, but also other aspects such as the available trading tools, the quality of technical support and the ease of use of the platform. Eightcap offers flexible trading conditions and competitive offers, which makes it an attractive choice compared to other brokers.

Safety

For any trader, it is important not only to find a broker who offers favorable trading conditions, but also to make sure that this broker is reliable and fulfills its obligations to customers. The broker's reliability can be confirmed in several ways, and one of the most significant is the availability of appropriate registration and regulation documents. These documents confirm that the broker operates within the framework of legal norms and is subject to the supervisory authorities that control its activities.

Eightcap is an example of a broker that meets these requirements. The company is officially registered and regulated by two respected regulators at once, which is confirmed by the documentation posted on its website. The availability of such documentation indicates that Eightcap has passed all necessary checks and meets the requirements set by regulators, which in turn increases the level of confidence on the part of traders.

In addition to documents and regulations, traders should take into account reviews about the broker, but this should be done with caution. It is important to give preference to reliable and independent sources of information. For example, on the website of a trading association, all reviews are thoroughly checked, and moderators cut off advertising and fake comments. This helps to get a more objective and reliable view of the broker and its activities, avoiding manipulation and inaccurate data.

If a trader has questions or problems that need to be resolved, there are several key instances where you can contact. Firstly, a trader can contact the broker's customer support, where they should be provided with assistance and answers to questions about trading conditions or technical problems. Secondly, you can contact the regulators who oversee the broker's activities. In the case of Eightcap, these are regulators ASIC (Australian Securities and Investments Commission) and SCB (Financial Regulator of the Bahamas). These organizations can provide information about the status and activities of the broker, as well as take action in case of violations.

However, there are certain limitations. For example, it is useless to contact regulators who do not have the authority or do not monitor the activities of Eightcap. These may be authorities operating outside the jurisdictions of the Bahamas and Seychelles, where the broker is registered. Regional financial control authorities in countries not affiliated with Eightcap may not have the authority to resolve issues related to this broker, and their intervention may be ineffective.

Thus, when choosing a broker and evaluating its reliability, it is important to take into account all available sources of information, including registration and regulation documents, independent reviews and the possibility of contacting the appropriate authorities. This will help traders make more informed choices and protect their interests in the trading process.