Eightcap Review

Eightcap Logo

Eightcap was established in 2009 in Melbourne, Australia, to provide online trading services in forex and CFDs, offering over 270 tradable instruments across currency pairs, indices, commodities, cryptocurrencies, and stocks. Their clients are provided with the MetaTrader 4 and MetaTrader 5 trading platforms, additional trading tools, and a good number of educational resources. The broker offers unique trading conditions, including competitive trading fees, good execution speeds with minimal slippages, and a very responsive customer support service.

Eightcap Investing Instruments

Eightcap provides over 1000 trading instruments from various asset classes such as forex, shares, commodities, indices, and cryptocurrencies.

Eightcap Platforms

The broker provides all their clients with the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are the two most widely used trading platforms among online forex and CFD brokers and traders. Both platforms are available in web versions that run directly on modern web browsers, desktop applications for Mac and Windows operating systems, and mobile trading apps for Android and iOS compatible devices.

While the MT4 and MT5 trading platforms appear very similar and feature user-friendly interfaces, multiple chart types, and several trading tools, including automation tools, the MT5 platform is more advanced and has more technical indicators and trading tools. The broker allows stock and crypto trading only on the MT5 platform.

MetaTrader 4 (MT4)

When you trade Forex, Indices, and Commodities with Eightcap, you will have the opportunity to use the multi-award-winning MT4 platform. The same user-friendly interface, robot trading capabilities, and powerful charting package are all available, and they are all founded on the rock-solid technical foundation.

EightCap MetaTrader 4 Platform
EightCap MetaTrader 4 Platform

Downloading a free trading robot or purchasing one from the MetaTrader Market will allow you to automate your analysis and trade execution.

Trade according to your preferences – from 1 click trading direct from charts to market to pending orders, stop orders, and trailing stops – there is something for everyone.

Make use of an extensive variety of charting tools to identify trends and calculate the best times to enter and exit the market. All of the tools you need are there at your fingertips: 9 time frames, 30 built-in indicators, and 24 graphic elements.

Trade with confidence, knowing that all data exchanges between the platform and the servers are secured to protect your personal information.

The process of installing and configuring MT4 on any device is straightforward. First, the broker will need to email you your login credentials for either your Demo or Live trading account before you can begin working with the platform. Eightcap’s support will email you your MT4 login credentials as soon as you open an account with Eightcap. Install the Desktop Terminal or Mobile App on your computer and log in.

MetaTrader 5 (MT5)

Take advantage of multi-asset trading on a clever, user-friendly platform. If you want to trade forex, indices, commodities, or stocks, MT5 is the platform for you. Advanced trading features are available through a desktop or mobile application, as well as through a Web Trader version.

EightCap MetaTrader 5 Platform
EightCap MetaTrader 5 Platform

Multi-asset traders may benefit from MT5’s easy and completely adjustable trading interface, which is accessible via the Web Trader, desktop, and mobile applications and delivers a seamless and efficient trading experience.

You may either purchase a trading robot or create your own to automate your market analysis and trade executions. If you have more experience, you may use the MQL5 Wizard to design your own robot from ready-made pieces that are simple to use, or you can develop one in the MQL5 IDE programming environment.

Trade with total control by utilising the Market Depth feature, netting or hedging modes, or one-click trading directly from the charting interface.

With the advanced charting features of MT5, you can analyse both short and long-term price movements. At your fingertips are charts in 21 different time periods, as well as 80 built-in indicators and analytical tools.

With the Financial News and Economic Calendar tools, you can have a better understanding of what is driving market activity. Respond as soon as possible to a news-driven movement.

One of the most significant distinctions between the MT4 and MT5 platforms is the web browser version of the MT5 platform. It is available from any device running Windows, macOS, or Linux.

Eightcap Trading Tools

Aside from the tools that come with the platforms, the broker also provides clients with additional useful trading tools, such as the MAM software, Market News & Analysis, and Economic Calendar.

Capitalise.ai

Automate your trading code-free, for free, and human-planned and machine-traded. You can make informed strategic decisions based on aggregated data sources. Capitalise.ai scans the markets and executes trades based on data, technical indicators, and macroeconomics in real-time (24/7). Open all the strategies you can think of – only the triggered ones will use your purchasing power. How effective is your plan? Use historical data to find out. Have you ever wanted to put your trading strategy to the test without taking any risks? Use real-time data to do it right now. What happens every time you trade? Learn as much as you can because each trade is meticulously documented. Have the markets changed? No need to be concerned! Edit your strategies based on performance, and you’ll be ready to go in no time.

Capitalise AI
Capitalise AI

Simply say the word, and you’ve got the enter and exit positions under control, complete with a slew of simple tech indicators. You can set your exit position ahead of time to reduce risk. Never pass up an opportunity to trade at the desired conditions using your own signals. Wait no longer – use previous, current, and forecast news indicators to act quickly. Choose the time frames and conditions, and Capitalise.ai will monitor and trade in your place. You can build and maintain your go-to trading model with automated entry and exit positions that are executed in a systematic manner.

FX Blue Labs

Widgets that are both strong and simple to use can be used to trade the markets. With cutting-edge widgets, trading applications, and charts, FX Blue Labs, a leading developer of tools for the FX and CFD markets, can help you personalise your trades. Trading in the markets may be a perplexing experience. FX Blue Labs provides the tools you need to trade them in a way that allows you to focus on the relevant information. It was created for traders, by traders, to aid in execution and analysis. Trade more effectively and confidently by making better-educated trading selections. There are several tools available to meet every trading demand or style. From scalpers who demand the certainty of exact order entry to traders who base their judgments on complicated Excel models, there are solutions for everyone. Apps that are multi-platform, multi-lingual, and market-savvy are at your disposal. A collection of essential, frequently requested chart indicators for MT4 and MT5.

FXBlue Labs
FXBlue Labs

FX Blue Labs has created a collection of multi-platform, multi-lingual, market-informed apps to assist brokers in marketing and differentiating themselves. At the same time, it assists traders in optimising their trading strategies in order to be more successful. These applications provide institutional-quality features to traders in addition to those given by the underlying trading platform.

Widgets

Here are the widgets Eightcap provides:

  • Alarm Manager
  • Correlation Matrix
  • Correlation Trader
  • Excel RTD
  • Market Manager
  • Mini Terminal
  • Sentiment Trader
  • Session Map
  • Stealth Orders
  • Tick Chart Trader
  • Trade Terminal

Indicator Package

Here are the indicators that Eightcap provides to its clients:

  • Donchian Indicator
  • Chart-in-Chart Indicator
  • Chart Group Indicator
  • Candle Countdown Indicator
  • Bar Changer Indicator
  • Mini Chart Indicator
  • Renko Bar Indicator
  • High-Low Indicator
  • Freehand Drawing Indicator
  • Gravity Indicator
  • Keltner Indicator
  • Linear Regression Indicator
  • Magnifier Indicator
  • Order History Indicator
  • Period Converter Indicator
  • Symbol Info Indicator
  • Pivot Indicator

Eightcap Research & Education

Eightcap has a huge collection of training articles on their website prepared by an experienced team of analysts. They employ infographics to make the articles easy to read and understand. The articles are grouped into three sections:

  • Fundamentals section: about 24 articles that discuss the basics of trading, including stocks, spread, pips, and swap rates
  • MetaTrader Guides: 14 articles on how to make use of the trading platforms
  • Trading Strategy section: 15 articles on how to use various indicators to formulate trading strategies, as well as topics on risk management and trading psychology.
Eightcap MetaTrader Guides
Eightcap MetaTrader Guides

Market News & Analysis

With real-time market updates, comments, and insights from Eightcap’s worldwide market analysts, you can stay on top of your trade and any big economic happenings. This portion of the Eightcap website examines economic events, market news and updates, and expert opinions and projections. Eightcap’s analysts prepare this in three sections: market updates, forex news, and CFD news.

Eightcap Markets News & Analysis
Eightcap Markets News & Analysis

Eightcap Trading Accounts

The broker offers the following account types. The minimum opening balance for both account types is $100.

Standard Account

For new and experienced traders, maximum leverage of 1:400, standard spreads that start from 0.5 pips, and no commission.

Raw Account

For high-volume traders, spreads that start from 0.0 pip, a commission of $3.5 for every lot traded, and maximum leverage of 1:500

Demo Accounts

Demo accounts are provided for those who want to practice their strategy before going live.

Eightcap Account Funding

Eightcap accepts bank wire transfers, credit/debit cards, and online payment processors, such as Skrill, POLi, BPAY, and China UnionPay, for account funding and withdrawals. Transaction limits, charges, and payment processing time vary with the payment method.

Eightcap Customer Service

The broker’s customer support team is available 24/5, and you can reach them via email, phone, and web chat. You can also reach them on Facebook, Twitter, LinkedIn, and YouTube.

Eightcap Regulation

Eightcap is the brokerage brand of Eightcap Tty Ltd, which is registered in Australia with the reg. number: ABN 73 139 495 944. The broker is licensed and regulated by the Australian Securities and Investments Commission (ASIC) and holds an Australian Financial Services License number: 391441.

Eightcap FAQ

What is the Eightcap minimum deposit?

The minimum account deposit is $100.

Where is Eightcap based?

Eightcap is based in Australia.

When was Eightcap founded?

Eightcap was founded in 2009.

What are the Eightcap platforms?

Eightcap offers MT4 and MT5.

What trading instruments does Eightcap have?

Eightcap offers over 1000 trading instruments from various asset classes such as forex, commodities, indices, shares, and cryptocurrencies.

What are the Eightcap deposit and withdrawal options?

Eightcap offers wire transfers, debit/credit cards, and e-wallets as payment methods.

What is the Eightcap leverage?

Eightcap provides leverage from 1:20 to 1:500.

What is the Eightcap commission fee?

On raw accounts, a $3.5 commission fee is charged per standard lot per round.

What are the Eightcap spreads?

Eightcap offers spreads starting from 1.0 pip. However, the broker also offers zero spreads accounts.

Does Eightcap offer demo accounts?

Yes, Eightcap offers demo accounts.

Does Eightcap offer Islamic accounts?

No, Eightcap does not offer Islamic accounts.

Does Eightcap allow scalping, hedging, news trading, and automated trading?

Yes, Eightcap allows scalping, hedging, news trading, and automated trading.

Does Eightcap charge an inactivity fee?

Eightcap does not charge an inactivity fee.

Is Eightcap regulated?

Yes, Eightcap is regulated by ASIC and SCB.

Eightcap Review Summary

Eightcap is an Australian online broker that offers forex and CFD trading services through the MT4 and MT5 trading platforms. They provide a number of trading tools and articles.

 

Eightcap

8.5

Spreads

8.5/10

Liquidity

8.5/10

Commissions

8.5/10

Support

8.5/10

Regulation

8.5/10

Features

  • User-friendly MT4 and MT5 platforms
  • Useful trading tools, including MAM software
  • Plenty of tradable instruments across different asset classes
  • Good range of educational materials
  • Reliable trade execution speeds
  • Tight spreads
  • Low commission fees
  • Regulated forex broker
  • Good customer support
  • Free demo trading accounts