Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Eightcap Pros & Cons
- The broker is regulated by the SCB, ASIC, FCA, CySEC.
- Negative balance protection.
- Minimum deposit is $100.
- Hundreds of the most popular CFDs are available.
- Eightcap provides one of the most profitable trading costs with really tight spreads;
- Almost all options for depositing/withdrawing funds are available.
- No withdrawal fee;
- The broker’s clients can work through any of the three top trading platforms.
- High-quality training, extensive analytics, and automated trading.
- No joint accounts, copy trading, or other options for passive income.
TU Expert Verdict
I can confidently recommend Eightcap — it is a highly trusted company that I have personally tested and verified. Its trading conditions and user feedback show that most traders are satisfied, and my own experience confirms its solid and consistently reliable performance.
Top-5 Brokers Traders Prefer
Eightcap User Reviews
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5-star
34%
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4-star
35%
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3-star
30%
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2-star
1%
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1-star
0%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria8 /10The trading and non-trading commissions of Eightcap have been analyzed and rated as having Low fees, with a fees score of 8/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is Eightcap Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria10 /10Eightcap has a safety score of 10/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Regulated in the UK
- Track record over 17 years
- Strict requirements and extensive documentation to open an account
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.5 /10Eightcap offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Standard account with balanced trading conditions
- Demo account
- Tight spread ECN account
- No Swap Free account
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology8 /10Eightcap received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.3 /10Eightcap provides a standard range of trading assets in line with the market average. The platform includes 800 assets in total and 40 Forex currency pairs.
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Trading Account Opening
We successfully registered an account with Eightcap in 40 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Eightcap is $100.Score:We evaluated Trading Account Opening at Eightcap by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria8 /10Eightcap received a score of 8/10, indicating a strong offering in terms of trading platforms and tools. The broker provides broad access to popular platforms and supports a variety of features designed to enhance both manual and automated trading.
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Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria4 /10 -
Customer Support
Score:We evaluated Customer Support at Eightcap by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria9.3 /10
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FAQs
How safe is trading with Eightcap in terms of regulation and investor protection?
Eightcap has a safety score of 10/10 and is described as having a high security level, supported by Tier-1 regulation from the FCA (UK), CySEC (Cyprus), and ASIC (Australia), as well as Tier-2 regulation from the SCB in the Bahamas. Clients under FCA and CySEC regulation have access to investor compensation schemes of up to £85,000 and €20,000 respectively, and the broker also provides negative balance protection and mandatory KYC, with a track record dating back to 2009.
What commissions and fees should traders expect at Eightcap?
According to the review, Eightcap’s overall fees are rated low, with a fees score of 8/10, and there are no deposit, withdrawal, or inactivity fees. On Standard accounts, trading costs are built into floating spreads (for example, EUR/USD typically ranges from 0.4 to 1.5 pips), while Raw/ECN accounts use tighter average spreads (around 0.1 pips on EUR/USD) plus a commission of $3.5 per lot.
What types of trading accounts does Eightcap offer and how do they differ?
Eightcap provides Demo, Standard, and Raw (ECN) accounts, but does not offer Cent, Micro, Swap-free, VIP, or managed accounts. Both live accounts have a $100 minimum deposit; the Standard account uses standard spreads from 1 pip with no commission, while the Raw account offers spreads from 0 pips plus a $3.5 per lot fee, and all accounts give access to more than 800 instruments and multiple platforms (MT4, MT5, and TradingView).
How does the Eightcap account opening process work based on user feedback and comments in the review?
The review notes that opening an account with Eightcap is fully online, with registration taking about 40 minutes and KYC verification typically completed within 1 business day. It highlights a relatively low minimum deposit of $100 and describes the onboarding as accessible, while also mentioning that the registration process may take longer than some users expect.
What do reviews and feedback say about Eightcap’s mobile trading apps?
Eightcap supports mobile trading on iOS and Android with indicators, trading alerts, and mobile 2FA, but this section assigns a mobile apps score of 4/10, indicating limited user interest or weaker app performance. The review also mentions weak user feedback on Android and low total installs across both platforms, without providing specific user ratings for the apps.
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