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.
- Low leverage.
- High minimum deposit level.
- No joint accounts, copy trading, or other options for passive income.
Eightcap is a leading Forex and CFD broker, offering over 800 trading instruments, including currency pairs, cryptocurrencies (not available with the FCA entity), indices, stocks, and commodities. With tight spreads starting from 0 pips, leverage up to 1:500, and no withdrawal fees, Eightcap provides a competitive trading environment. The broker is regulated by top-tier authorities such as ASIC and FCA, ensuring a secure trading experience.
Comprehensive educational resources, advanced analytics, and innovative functionality such as code-free automated trading and enhanced order execution with FlashTrader distinguish the platform from others.
Though Eightcap does not offer passive income opportunities or joint accounts, it is a popular choice for those seeking a reliable and feature-rich broker. Eightcap offers MetaTrader4 and MetaTrader5 integrated with Flash Trader. In addition, traders can use Acuity's AI-powered economic calendar.
Eightcap’s UK Entity:
Eightcap is an FCA authorised and regulated broker that offers CFD trading on over 600 markets across forex, indices, commodities, and shares. Eightcap’s UK entity is the only dedicated, specialist TradingView broker in the UK, providing a tailored product experience to get the most out of trading via TradingView.
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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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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Eightcap with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Eightcap’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Eightcap Standard spreads Eightcap OANDA FOREX.com EUR/USD min, pips 0.4 0.1 0.7 EUR/USD max, pips 1.5 0.5 1.2 GPB/USD min, pips 0.8 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Eightcap RAW/ECN spreads Eightcap OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.3 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Eightcap. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Eightcap Non-Trading Fees Eightcap OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
Eightcap Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level FCA UK
Full Name Financial Conduct Authority Country of regulation United Kingdom Investor Protection Fund Up to £85,000 Regulation Level Tier-1 CySec
Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 ASIC
Full Name Australian Securities and Investments Commission Country of regulation Australia Investor Protection Fund No specific fund but has stringent consumer protection Regulation Level Tier-1
SCB Full Name Securities Commission of The Bahamas Country of regulation Bahamas Investor Protection Fund No specific fund Regulation Level Tier-2 Eightcap Security Factors Foundation date 2009 Negative balance protection YesVerification (KYC) Yes -
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.
- Low minimum deposit
- Standard account with balanced trading conditions
- Tight spread ECN account
- Micro lots are not available
- No Swap Free account
Eightcap account types vs top competitors Eightcap Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoEightcap accounts trading conditions
It happens that the choice of account type is of great importance, because different accounts often have significantly different trading conditions. Eightcap’s account types differ only in fees. In the first case, there is a standard spread without a fee; and in the second case, there is a raw spread combined with a fee. It cannot be said that one account type is more profitable than another. Traders need to focus on their own strategic preferences. An important point is the trading platform. Eightcap offers three platforms. MT4 and MT5 are considered the most functional and are easily customizable. Iterations include desktop and mobile versions. But if a trader prefers to work through a browser, it is better to use TradingView. Also, the broker offers a lot of educational and analytical materials, and the basics are available even to unregistered users, but it is recommended to study them first.
Account types:
Account Type Description Demo This account type provides traders with a virtual currency, but trading is carried out according to real quotes, taking into account the current market features. It is available for 30 days; Standard The minimum deposit is $100, spreads are standard from 1 pips, and there is no fee. However, there are more than 800 trading instruments and all options are available; Raw The minimum deposit is $100, raw spreads start from 0 pips, plus a $3.5 fee per lot, and all options and instruments are available. In most cases, traders first open a demo account. This is a great opportunity to get acquainted with the broker, as well as to practice and improve strategies. Then the broker's clients choose one of the live account types in accordance with their preferences. Both account types are financially profitable.
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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.
Eightcap provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- PayPal supported
- Bitcoin (BTC) accepted
- No withdrawal fee
- Low minimum withdrawal requirement
- Limited deposit and withdrawal flexibility, leading to higher costs
- BTC not available as a base account currency
- Wise not supported
What are Eightcap deposit and withdrawal options?
Eightcap provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller, BTC, USDT.
Eightcap Deposit and Withdrawal Methods vs Competitors Eightcap Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal YesNoYesWise NoNoNoBTC YesNoNoWhat are Eightcap base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Eightcap supports the following base account currencies: USD, EUR, GBP, AUD, CAD, NZD, SGD.
What are Eightcap's minimum deposit and withdrawal amounts?
The minimum deposit on Eightcap is $100, while the minimum withdrawal amount is 0-50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Eightcap’s support team.
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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.
- Indices trading
- Crypto trading
- 40 supported currency pairs
- Bonds not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by Eightcap with its competitors, making it easier for you to find the perfect fit.
Eightcap Trading.com Plus500 Currency pairs 40 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 800 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Eightcap offers for beginner traders and investors who prefer not to engage in active trading.
Eightcap Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Registration process may take longer than expected
Eightcap account opening Eightcap Trading.com Plus500 Online Registration YesYesYesMinimum deposit $100 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 40 20 KYC time (days) 1 2 3 Is Eightcap available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start working with the broker, create a user account and open a trading account. TU experts have prepared a step-by-step guide on registration and also highlighted the features of Eightcap’s user account.
Go to the broker's official website. In the upper right corner, select the interface language and click the “Create Account” button. You can also click the “Log In” button.
Indicate your country of residence, then enter your first and last names, email, and phone number. Create a password and click the “Create Account” button.
An email with a link will be sent to the provided address. Follow this link to complete your registration. You will be redirected to your user account.
Select an account type and fill in the missing information about yourself, such as date of birth, place of registration, and tax identification number or its equivalent for your country. Click the “Next” button.
Select a trading platform, account currency, and leverage. Click the “Next” button.
Agree to the terms of service by ticking the three boxes and click the “Complete Application” button.
You will automatically be redirected to the verification block. Provide scans/photos of required documents. Read the comments on the screen carefully.
Once verification is complete, go to the “Deposit/Withdrawal” section and follow the instructions on the screen to deposit funds. Now you can download the trading platform you have chosen and get started.
Features of the user account:
- Dashboard. It displays aggregated data about each trader's accounts;
- Trading accounts. In this block, traders can open new accounts and close the old ones;
- Deposit/withdrawal. It is a block for replenishing the account balance and withdrawing profits using the selected method;
- Partners. Here functions for corporate clients who want to work with the broker are available;
- Economic calendar. The smart calendar is placed in a separate block to simplify the work;
- Reports. In this block, you can generate standard reports on trading results;
- Help and support. There is a live chat and details for contacting the broker.
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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.
- One-click trading
- MetaTrader is available
- Strategy (EA) Builder is available
- Trade directly from TradingView
- No access to a proprietary platform
- No access to cTrader and its advanced tools.
- No access to Free VPS
Supported trading platforms
Eightcap supports the following trading platforms: MT4, MT5, TradingView, WebTrader. This selection covers the basic needs of most retail traders. We also compared Eightcap’s platform availability with that of top competitors to assess its relative market position.
Eightcap Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader NoNoNoTradingView YesYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey Eightcap’s trading platform features
We also evaluated whether Eightcap offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts NoTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 110 Tradable assets 800 Additional trading tools
Eightcap offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
Eightcap trading tools vs competitors Eightcap Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI YesNoNoFree VPS NoNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. YesNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
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 /10Eightcap supports mobile trading, offering dedicated apps for both iOS and Android. Eightcap received 4/10 in this section, which suggests limited user interest or weak performance of the apps.
- Supports mobile 2FA
- Mobile alerts supported
- Indicators supported
- Low app installs across iOS and Android
- Weak user feedback on iOS
We compared Eightcap with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
Eightcap Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 1,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.8 4.7 Google Play score 0 4.7 4.4 Mob. 2FA YesYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
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 /10Eightcap demonstrates a high level of customer support. Assistance is available through multiple channels, and most requests are handled quickly.
During TU testing, managers responded promptly, communication was clear and structured, and support continued until the issue was fully resolved. Overall, Eightcap shows reliable service and active engagement with clients.
InformationTechnical (client) support is important for any broker because traders are constantly faced with various situations that they cannot solve without professional help. Sometimes the reason is the inattention of a user. But there are also cases when a technical failure has occurred or the task really requires involvement of an expert department. If support is not available, does not respond quickly enough, or lacks competence, traders may get frustrated and go to another broker. Eightcap offers top-level support. Specialists are rated as experts, according to traders' reviews. They are available 24 hours a day in 24 languages, but only on weekdays. All major communication channels, such as email, live chat, and call center are available.
- Non-clients of the broker can contact technical support
- Specialists are available 24/5
- Support is not available on weekends
Whether you are the broker’s client or just want to register with it, you can contact technical support via the following communication channels:
- main call center;
- additional call center;
- email;
- live chat on the website and in the user account.
Also, traders can visit the company's physical office in the Bahamas or Seychelles. However, first, clarify the working hours by phone.
Contacts Foundation date 2009 Registration address 2nd Floor, Ebrahim Building, Office No. 5 and 9, Francis Rachel Street, PO Box 1196 Victoria, Mahé, Seychelles Regulation ASIC, SCB, CySEC, FCA Licence number:
391441, SIA-F220, 246/14, 921296Official site https://www.eightcap.com/ Contacts customerservice@eightcap.com +61 3 8375 9700 +61 3 8373 4800
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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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