How To Make Money On Eightcap Platform: Full Guide
You can earn with Eightcap by:
-
actively trading on the platform;
-
investing in CFDs;
-
participating in demo contests.
Eightcap broker was founded in 2009 in Australia. Since then, it has received a dozen international awards and won the trust of a million users around the world. The project is subject to regulation in multiple jurisdictions. Eightcap holds licenses issued by regulatory bodies such as the Cyprus Securities and Exchange Commission (CySec), the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), and Bahamas Securities Commission (SCB).
The company provides traders with access to powerful terminals and offers to trade a wide range of financial instruments, including CFDs on currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. Other advantages of the broker include narrow spreads, a demo account for testing strategies, leverage up to 1:500, 24/7 support and fast profit withdrawal.
From this article, you will learn what ways of earning are offered by the intermediary, and whether it is realistic to earn from 1,000 dollars monthly on the site.
Eightcap offers users to trade on the Forex market, invest in CFDs on currencies, commodities, stocks, indices, precious metals and cryptocurrencies, or take part in a demo contest. No referral programs for additional earnings are provided by the broker.
-
Is Eightcap a good broker?
Eightcap is an excellent broker for both beginners and professional traders. The company promises users more than 800 instruments, advanced trading terminals, a powerful training and analytical base, a loyal minimum deposit from $100, spreads from 0 pips and leverage up to 1:500.
-
What is the minimum deposit for Eightcap?
Eightcap minimum deposit starts at $100 USD.
-
What can I trade on Eightcap?
At Eightcap, you can trade CFDs on currencies, commodities, stocks, indices, precious metals and cryptocurrencies.
-
Does Eightcap pay profit?
According to reviews, Eightcap pays traders their profits correctly. Traders can use credit and debit cards, digital assets, electronic payment systems and bank transfers to deposit and withdraw funds.
Top ideas on how to make money on Eightcap
At Eightcap, traders have access to over 800 instruments, including CFDs covering various asset categories such as currency pairs, cryptocurrencies, indices, stocks, commodities, and precious metals. You can also take part in contests on demo accounts with real cash prizes. More details about each available way of earning on the platform experts told below.
Forex trading
With Eightcap, you can start trading Forex with as little as $100. The company provides access to a wide range of currency pairs, including major , minor and exotic. Clients are allowed to use MetaTrader 4, MetaTrader 5 and TradingView terminals for trading.
You can test your trading strategies on a free 30-day demo account.
Eightcap offers investors the opportunity to trade with leverage according to their needs and experience. Leverage can be as high as 1:500, but it is important to be aware of the potential risks involved, as leverage increases not only profits but also losses.
Among additional tools, the intermediary provides an economic calendar based on artificial intelligence, Capitalise.ai technology, which allows depositors to create automated trading strategies without knowledge of programming languages, FlashTrader for automatic addition of stops and targets to each trade, as well as a free Forex VPS, which traders can access by depositing their balance from $1,000 and meeting the minimum monthly Eightcap criteria (5 lots traded per month). Key advantages of Forex VPS: instant processing of requests, high level of protection, trade automation.
Investing in 800+ CFDs
Eightcap's list of available instruments includes contracts for price differences on:
-
commodities
-
precious metals
To start trading, you need to decide on the type of account - Raw, Standard, TradingView. The size of the minimum deposit is 100 dollars. Accounts are filled with: Eightcap spreads from 0 pips, leverage from 1:1 to 1:500, minimum order volume - 0.01 lot, margin call / stop out - 80%/50%, scalping is allowed. In the case of Eightcap accounts there are differences only in commissions. In the first case there is a standard spread without a fee, in the second case there is a raw spread and a fee.
Eightcap Demo Competition
You can also win a real cash prize by participating in one of the demo contests organized by Eightcap. Traders have an opportunity to get up to 2,000 US dollars. The funds are credited directly to the winners' trading account and can be freely withdrawn as cash. Australian residents are ineligible for this promotion.
What is the minimum deposit on Eightcap?
The size of the minimum deposit on Eightcap is only 100 dollars, so the broker is perfect for beginners who do not want to risk large sums at the start.
Is it possible to earn an extra $1,000 per month on Eightcap?
It is quite realistic to earn from $1,000 monthly on Eightcap. However, everything depends both on the size of your initial investment and on your practical skills.
For example, you can try Forex trading. The broker promises traders more than 40 currency pairs, modern terminals, tight spreads, a wide range of trading strategies, a powerful training base and innovative tools like Capitalise.ai and an AI-based economic calendar that allows you to filter data for specific regions and timeframes, which makes Eightcap a great option for long-term cooperation.
If you are an experienced trader with a sufficient level of knowledge, try your hand at the demo account contest. The prize fund is up to 2,000 dollars. Tournaments take place almost every month.
How to Choose the best way to make money on Eightcap
In order to choose the most suitable way to earn money on Eightcap, you should start with your financial capabilities and goals. The main advantage of the broker is that you only need 100 dollars to start. The company has also developed a demo account for test trading to make it easier for traders to determine both their strategy and the direction of work on Eightcap. Here you will be able to trade fiat and digital currencies, stocks, indices, precious metals and commodities using leverage up to 1:500. However, remember that using large leverage increases not only the possibility of making a profit, but also increases the risk of such an operation.
It is important to note that there are no bonuses or affiliate programs for passive earnings on the broker's website. The only option to get income without your own investments is to take part in a demo contest with a prize fund of up to 2,000 dollars.
Expert opinion
Eightcap has been on the market for about 15 years. During this time, it has become one of the largest brokers, gaining the trust of a million depositors around the world, and has been approved by the regulators of Australia, Cyprus, the UK and the Bahamas, which once again confirms its reliability and transparency towards traders.
In terms of trading conditions, Eightcap is a leader. You can cooperate with it both if you are a beginner or an experienced trader. The reason is that the company offers a loyal minimum deposit, spreads from 0 pips, plenty of educational resources and progressive terminals through which users can trade 800+ instruments, including CFDs on currencies, cryptocurrencies and precious metals.
Another distinctive feature of the intermediary is the presence of regular demo contests. By participating in the Eightcap demo contest, traders get the opportunity to win good cash prizes. This risk-free competition allows clients to compete for victory and get the main prize of $2000. In order to participate in the contest, all you need to do is register and verify your account.
Eightcap has no passive earning options, which can be attributed to the company's minor disadvantages. There is also no referral program. That is, traders can earn only in one way - by trading on their own. But, judging by numerous reviews, users are generally satisfied with the broker's offers and plan to work with it further.
Summary
Eightcap is a reliable intermediary offering traders favorable conditions for earning money. In addition to its impressive client base, the broker has several licenses. Eightcap attracts users with adequate minimum deposit requirements, a large selection of assets, high leverage, narrow spreads, no fees for profit withdrawal and the availability of services without analogs (for example, Capitalise.ai). The main disadvantage noted by clients is the lack of passive income opportunities.
Team that worked on the article
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.