Eightcap Review Forex Broker & Trading Markets, Legit or a Scam

Score

3.5/5

Min Deposit

Not Specified

Min Spread

Not Specified

Regulation

Not Specified

Max Leverage

Not Specified

Calls, Email, and Feedback Form

Positive Ratings

60%

Neutral Ratings

25%

Negative Ratings

15%

Company Summary

Aspect	Information
Registered Country/Area	United Kingdom
Founded Year	2011
Company Name	Eightcap
Regulation	CySEC, FCA, ASIC
Demo Account	Available
Minimum Deposit	$100
Maximum Leverage	Not Specified
Spreads	Variable spreads
Trading Platforms	MT4, MT5, Trading View
Customer Support	Email, Live Chats, and Calls
Payment Methods	Cards, Ewallets, and Wire Transfers

Introduction

Eightcap is a trading platform known for forex and CFD Trading. it allows users to trade in multiple assets. This way it offers a variety of trading opportunities to the traders.

In this Eightcap review, we will be discussing the important details of the platform, along with its account and assets. This review will help us decide whether Eightcap is legitimate.

Eightcap Overview

Eightcap is a well-regulated trading platform. It offers traders a secure trading environment for all. The platform is designed using a user-friendly approach to make trading seamless for traders with different trading goals and needs. The platform adheres to the secure trading practice that makes it a reliable choice for traders around the globe.

Overall, the platform offers competitive spreads and fast transactions making trading seamless. It also has multilingual customer support for traders from different regions.

Trading Instruments

Eightcap gives traders access to a variety of trading products from the global market. This makes it easier for them to diversify their portfolio and discover the international market. The platform allows trades to invest in forex, commodities, crypto, Indices, and Stocks.

It offers over 40 minor, major, and exotic currency pairs from the global market.
It allows trades to trade in raw materials, metals, energy resources, and natural products from around the globe.
The platform allows users to trade and overview the performance of the stock market for better decision-making.
It offers investing in digital currencies like Bitcoin. This provides exposure to the traders.
The platform also allows traders to invest in top companies listed in the international market.

Account Types

Eightcap offers three different types of accounts. These accounts are created to cater to the needs of traders with varying experiences and goals.

Standard Account

These accounts are created for traders with basic trading experience. The account offers small trade sizes and low spreads. These accounts offer commission-free trading.

Raw Account

The platform offers raw accounts for experienced traders. These accounts provide traders with low spreads starting from 0.0. These accounts charge an additional commission while trading.

Trading View Account

A trading view account allows traders to become a part of a trading network. It gives access to advanced tools and features.

Additionally, the platform also offers traders with demo accounts. These accounts are created for beginners. They can trade using virtual funds without losing real funds.

Well Regulated Trading Platform
Extensive Customer Support
Advanced Tools and Features

Lack of Information regarding Fees
Limited Information about Account Types

Security and Regulations

Eightcap offers a well-regulated and secure trading platform. It is regulated by ASIC, FCA, and CySEC. The regulations ensure that the platform maintains the industry standards of security making it safer for traders.

Additionally, the platform provides traders with segregated accounts and negative balance protection. This makes Eightcap a trustworthy trading platform.

Overall, Eightcap keeps safety a prime concern, offering traders a secure environment that makes trading smoother. Eightcap provides security to client data and funds.

Withdrawals and Deposits

Eightcap offers its traders a smooth and quick transaction process. The platform provides trades with a variety of payment methods. This makes it easier for them to trade and invest. You can transfer funds using cards, e-wallets, wire transfers, and bank transfers.

The process of the transaction can take a different amount of time. Usually, the deposits take around 24 hours whereas withdrawals can take up to three to four business days.

Also, the withdrawal process might incur additional charges. If you are starting your account at Eightcap, you need to fund your account with a minimum of 100 dollars.

Fees and Commissions

Eightcap does not offer a transparent fee structure. This makes it difficult for traders to identify their total trading costs. The fees and commissions depend highly on the trading asset and the payment methods.

The platform offers tight spreads and low swap fees.

Customer Support

Eightcap provides traders with 24/5 dedicated customer support in multiple languages. It offers support using live chats, emails (global@eightcap.com), and calls (+61385922375).

Apart from these, the platform provides FAQs and educational resources. These help traders learn and make better-informed decisions.

Is Eightcap a Scam?

Eightcap is a legitimate trading platform. To support this argument there are multiple reasons, including:

It is regulated and licensed by top financial bodies. These include FCA, ASIC, and others.
It provides security to client funds and resources from any third party.
It offers transparency to the traders along with two-factor authorization.

Overall, the platform ensures safe and seamless trade for everyone around the globe.

Conclusion

Eightcap is a regulated and authorized trading platform. It offers a variety of trading opportunities to traders around the globe. The platform provides competitive spreads and a strong security system.

Apart from these, the platform also offers traders dedicated multilingual customer support that solves every issue.

In conclusion, Eightcap is a well-recognized and designed platform that caters to traders with different needs. This makes it a reliable choice for traders.

FAQS

Who regulates Eightcap?

The platform Eightcap is regulated by financial authorities including ASIC and FSA.

Where does Eightcap operate?

The platform operates on MT4, MT 5, Trading View, and other reliable trading platforms.

What minimum amount is required for Eightcap accounts?

You need to add $100 to open an account at Eightcap. This is a little high for traders with low budgets.

Does Eightcap offer a demo account?

Yes, the platform does offer traders with a demo account. This demo account allows them to trade with virtual funds.

What leverage does Eightcap provide?

There is no specified information about the leverage. However, the platform offers competitive leverage for its traders.

Are there any fees for transactions?

There are a few charges involved in the withdrawal process, but there are no hidden charges at Eightcap.

What instruments can I trade on Eightcap?

At Eightcap you can trade in multiple products. These include indices, shares, cryptocurrencies,

forex, and commodities.

Does Eightcap offer educational resources?

Yes, with Eightcap you can not only invest but also learn trading skills and strategies. It provides access to webinars, events, tutorials, and more.

Does Eightcap charge inactivity fees?

There are no specified details about the charges of inactivity. The account may incur small charges.

Is Eightcap a scam?

The platform offers a well-regulated and secure trading atmosphere. This makes trading with Eightcap a reliable process.