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Eightcap in Canada: Is it Available and Legit?

Andrey Mastykin
Written by:
Andrey Mastykin
Ciaran Ryan
Reviewed by:
Ciaran Ryan
Chinmay Soni
Fact-checked by:
Chinmay Soni
Updated:
November 07, 2026
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Eightcap isn't available in US
Eightcap REVIEW

As of November 2026, Eightcap is available to traders and investors in Canada. This accessibility confirms the broker's authorization to operate within Canada and its compliance with the necessary regulatory requirements.

Essential details of Eightcap services in Canada

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

Eightcap is accessible to traders and investors in Canada. Key highlights include:

  • Canada residents can open an account with Eightcap
  • Eightcap has earned an overall rating of 8.8/10 points according to our methodology.
  • Eightcap received 10/10 points for regulation and safety.
  • For more detailed information, see our comprehensive Eightcap review.

Is Eightcap a regulated broker? Is it safe?

Eightcap is a regulated Forex broker operating under the supervision of the following regulatory authorities:

Eightcap regulation review
ASIC ASIC ASIC regulates financial services, markets, and securities, enforcing laws to protect Australian consumers, investors, and creditors. It is stringent in its operations, with a focus on transparency and fairness in financial products and services.
Full Name Australian Securities and Investments Commission Country Australia Protection Fund No specific fund but has stringent consumer protection Regulation level Tier-1
CySec CySec CySec regulates investment firms, brokers, and their transactions in securities and derivatives on the Cyprus Stock Exchange. It imposes strict operational conditions, regular audits, and financial compliance.
Full Name Cyprus Securities and Exchange Commission Country Cyprus Protection Fund Up to €20,000 Regulation level Tier-1
FCA UK FCA UK The FCA regulates financial firms providing services to consumers and maintains the integrity of the financial markets in the UK. Known for its stringent requirements, it covers a wide range of activities from mortgages to financial advice, ensuring high standards of behavior.
Full Name Financial Conduct Authority Country United Kingdom Protection Fund Up to £85,000 Regulation level Tier-1
SCB SCB The SCB regulates securities and capital markets in The Bahamas, focusing on transparency, accountability, and protection of the investing public.
Full Name Securities Commission of The Bahamas Country Bahamas Protection Fund No specific fund Regulation level Tier-2

Is Eightcap safe to use in Canada?

A broker’s security is largely defined by its regulatory status. Eightcap is supervised by a Tier-1 authority, which is considered the highest level of oversight in the financial industry. Such brokers must comply with strict requirements on capital, transparency, and client fund protection. In addition, the presence of an Investor Compensation Fund and a proven track record in financial markets further strengthen trust. According to our methodology, Eightcap received a Regulation and safety score of 10/10, placing it among the most secure brokers.

Is Forex trading allowed in Canada? Is Forex taxable in Canada?

  • Licensing in Canada

    Forex trading in Canada falls under the jurisdiction of the Canadian Investment Regulatory Organization (CIRO), which regulates the Forex market to ensure integrity and transparency in accordance with the Securities Act. Demands for licensing:

    • Registration with CIRO
    • Meeting strict regulatory standards, including capital requirements and adherence to anti-money laundering measures

  • Investor protection in Canada

    Investor protection in Canada is provided by the following organizations:

    • CIRO: Enforces market rules
    • CSA: Coordinates provincial regulations
    • OBSI: Resolves investor disputes

  • Taxation in Canada

    Profits from Forex trading in Canada are subject to capital gains tax. Traders must report gains as income and pay taxes accordingly. Tax rates vary based on individual income brackets and trading frequency.

Eightcap vs other regulated brokers in Canada

To provide a clear understanding of available options for traders in Canada, Traders Union compared Eightcap trading conditions with those of other regulated brokers accepting clients in the region.

Regulation ASIC, SCB, CySEC, FCA ASIC, VFSC, FSA BVI FSC, CySEC
Minimum deposit $100 $1 $1
Currency pairs 40 90 110
Floating spread EUR/USD, min pips 0.4 0.1 3
Floating spread EUR/USD, max pips 1.5 0.4 7
Go to broker Go to broker
Your capital is at risk.
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Why trust us

Independent analysis, real experts, and transparent methodology

  • 15+ years of independent market analysis

  • 140+ evaluation criteria, reviewed by 50+ experts

  • Data-driven reviews of 200+ platforms, updated regularly

  • 20+ industry awards & a wide network of global media partners

Learn more about our methodology and editorial policies.

why trust us why trust us why trust us why trust us why trust us why trust us

Expert Advice

Anton Kharitonov
Anton Kharitonov
Chief Analytics Officer

  • Based on my analysis, understanding your region’s regulatory framework is crucial when selecting a broker. Financial oversight standards vary significantly by country. For instance, US-based brokers often fall under the purview of the NFA or CFTC, known for enforcing strict leverage limits and high transparency. In contrast, brokers regulated in the EU under MiFID II must adhere to uniform rules across all member states. When choosing a broker, traders should prioritize alignment between the broker's regulation and their own trading goals and risk tolerance, as regional rules can significantly impact leverage, fees, and available assets.

Editors' Top Picks and Insights

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Team that worked on the article

Andrey Mastykin
Andrey Mastykin
Head of Company Reviews and Ratings

Andrey Mastykin is an experienced author, editor, and content strategist who has been with Traders Union since 2020. As an editor, he is meticulous about fact-checking and ensuring the accuracy of all information published on the Traders Union platform.

Learn about our editorial policies
Ciaran Ryan
Ciaran Ryan
Editor at Traders Union

Ciaran Ryan is a veteran financial journalist based in South Africa, where he covers cryptocurrency, mining, stock markets, and governance for Moneyweb. He also hosts the weekly Moneyweb Crypto Podcast.

Chinmay Soni
Chinmay Soni
Head of Fact-Checking Department

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.

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