Eightcap Review 2021

Analysis of the Main Features of the Forex Broker

3.36

Overall rating

3.15

/10

Execution of orders

3.57

/10

Investment instruments

3.21

/10

Withdrawal speed

3.51

/10

Customer Support work

2.99

/10

Variety of instruments

3.73

/10

Trading platform

138

Position
in rating

138

Position in rating

3.36/10
Overall rating

Attention!

Due to the large number of negative reviews about this company and because it occupies the low position of number 20 on our Ratings List of Forex brokers, the Traders Union does not recommend cooperating with this broker.

Instead, our experts strongly advise you to select a brokerage from among the Top 5 on our objectively ranked list:

Summary of Eightcap Trading Company

Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.

Attention!

We work exclusively with the accounts opened through Traders Union.

Eightcap Latest Comments 2021

0
3
2

Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Eightcap published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Eightcap broker experiences platform failures. At least that's what the support service claims. Not so long ago, for the EURJPY pair, the price jumped up by 150 points (!), And then sharply returned back. All my orders for this pair were closed at a loss. The support service promised to fix it, but 23 days have passed and nothing has changed.

I have traded with Eightcap for one year. There were no problems with the account replenishment. But as soon as I made a withdrawal request, my trading and access to my account were frozen. The support team decided that I was using bugs in the terminal and started checking. The check has already been going on for three months. I'm going to write a claim to ASIC.

I managed to withdraw money from my Eightcap trading account. I have traded here for half a year, experienced many problems with trading. Therefore, I decided to close the account and withdraw the rest of the money. Then I read reviews that the Eightcap broker blocks accounts and does not withdraw money.

It is very common for Eightcap to cancel profitable trades. I have seen customer testimonials where they argued that Eightcap managers are canceling trades at a profit and do not allow them to earn. After that, I decided not to open a trading account here.

Unfortunately, the Eightcap broker is not a guarantee of normal trading in the financial markets. I tried to trade here and was not satisfied. I cannot say that Eightcap is a fraudulent structure. But the fact that problems can arise here is a fact.

Analysis of the Main Features of the Forex Broker

3.36

Overall rating

3.15

/10

Execution of orders

3.57

/10

Investment instruments

3.21

/10

Withdrawal speed

3.51

/10

Customer Support work

2.99

/10

Variety of instruments

3.73

/10

Trading platform

Dynamics of the Popularity of Eightcap
in 2020 among the Users of the Traders Union

Logo TU
20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
Jan.
Feb.
Mar.
Apr.
May.
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.

Trading Conditions for Eightcap Users

Trading platform: MT4, MT5, Mobile
Accounts: Standard Account, Raw Account
Account currency: AUD, USD, GBP, NZD, SGD, EUR
Replenishment / Withdrawal: Credit/Debit Cards, BPay, Wire Transfer, POLI, Skrill, Neteller, UnionPay
Minimum deposit: 100 USD
Leverage: 1:500
PAMM-accounts: No
Min Order: 0.01
Spread: from 0,0 p
Instruments: Forex, Cryptocurrencies, Indicies, Commodities, Shares
Margin call/Stop Out: 80%/50%
Liquidity provider: No
Mobile trading: Mobile Platforms
Affiliate program: Yes
Orders execution: Market Execution
Trading features: No
Contests and bonuses: YES

Comparison of Eightcap with other Brokers

Eightcap FxPro XM Group Admiral Markets UK AvaTrade FXTM
Trading
platform
MT4, MT5 MT4, MobileTrading, MT5, cTrader MT4, MT5, MobileTrading MT4, MT5, iPhone, iPad, Android, MT4 Supreme Edition MT4, MobileTrading, Zulu Trader, Mirror Trader, AvaTrader, AVA Option MT4, MT5, MobileTrading, WebTrader
Min deposit $100 $100 $5 $200 $100 $1
Leverage From 1:1
to 1:500
From 1:1
to 1:500
From 1:1
to 1:30
From 1:25
to 1:500
From 1:200
to 1:400
From 1:1
to 1:1000
Trust management No No No No No No
Accrual of % on the balance No No No No No No
Spread From 0 points From 1 point From 1 point From 0 points From 0 points From 0 points
Level of margin call
/ stop out
80%  /  50% 25%  /  20% 100%  /  50% 100%  /  30% 25%  /  10% 40%  /  20%
Execution of orders Market Execution Market Execution, Instant Execution Market Execution Market Execution Instant Execution Market Execution, Instant Execution
No deposit bonus No No $30 No No No
Cent accounts No No Yes No Yes Yes

Broker comparison table of trading instruments

Eightcap FxPro XM Group Admiral Markets UK AvaTrade FXTM
Forex Yes Yes Yes Yes Yes Yes
Metalls No Yes Yes Yes Yes No
Crypto Yes Yes No Yes Yes Yes
CFD Yes Yes Yes Yes Yes Yes
indexes Yes Yes Yes Yes Yes Yes
Stock Yes Yes Yes Yes Yes Yes
ETF No No No Yes No No
Options No No No No No No

Contacts

Registration address Headquarters Level 6, 360 Collins Street Melbourne, VIC 3000 Australia
Regulation
Contacts

Tags:

Eightcap

The Oldest Reviews of the Eightcap

The reviews by customers of the Eightcap indicate that it is a reliable brokerage company. Positive reviews increase standing and, of course, any negative reviews decrease its position in the ratings.

Just register and get authorized to submit a review of the broker’s activities and conditions on its platform. Everyone can and is invited to submit a review. All reviews of Eightcap published on the website in 2021 are verified and confirmed by Traders Union as reliable comments by real traders.

Unfortunately, the Eightcap broker is not a guarantee of normal trading in the financial markets. I tried to trade here and was not satisfied. I cannot say that Eightcap is a fraudulent structure. But the fact that problems can arise here is a fact.

It is very common for Eightcap to cancel profitable trades. I have seen customer testimonials where they argued that Eightcap managers are canceling trades at a profit and do not allow them to earn. After that, I decided not to open a trading account here.

I managed to withdraw money from my Eightcap trading account. I have traded here for half a year, experienced many problems with trading. Therefore, I decided to close the account and withdraw the rest of the money. Then I read reviews that the Eightcap broker blocks accounts and does not withdraw money.

I have traded with Eightcap for one year. There were no problems with the account replenishment. But as soon as I made a withdrawal request, my trading and access to my account were frozen. The support team decided that I was using bugs in the terminal and started checking. The check has already been going on for three months. I'm going to write a claim to ASIC.

Eightcap broker experiences platform failures. At least that's what the support service claims. Not so long ago, for the EURJPY pair, the price jumped up by 150 points (!), And then sharply returned back. All my orders for this pair were closed at a loss. The support service promised to fix it, but 23 days have passed and nothing has changed.

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FAQs

Do reviews by traders influence the Eightcap rating?

Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about Eightcap you need to go to the broker's profile.

How to leave a review about Eightcap on the Traders Union website?

To leave a review about Eightcap, register on the Traders Union website or you can also leave a review through Facebook.

Is it possible to leave a comment about Eightcap on a non-Traders Union client?

Anyone can leave feedback about Eightcap on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.

Why is it more profitable to work with Eightcap through Traders Union?

Because you will receive additional payments from Traders Union every month while all other functions on your chosen trading platform remain the same.