Eightcap

Quick Verdict

Overall Score	9.2 / 10
Regulation	ASIC, FCA, CySEC, SCB, Seychelles FSA and Mauritius FSC
Best For	Active forex and CFD traders using MetaTrader or TradingView
Minimum Deposit	$100 or currency equivalent
Spreads From	0.0 pips on Raw; 1.0 pips on Standard
Maximum Leverage	Up to 1:500 offshore; 1:30 for Australian, UK and EU retail clients
Platforms	MT4, MT5, TradingView and TradeLocker, depending on entity
Deposit Methods	Cards, PayPal, bank transfer, Skrill, Neteller, crypto and regional methods
Withdrawal Speed	Instant to five business days, depending on method
Verdict	A highly rated, well-regulated CFD broker with competitive Raw pricing and excellent platform choice

Eightcap is a Melbourne-founded forex and CFD broker with an extensive international regulatory footprint. Its strongest features are Raw spreads from 0.0 pips, direct TradingView connectivity, established MetaTrader support and more than 800 CFD markets in most regions.

The main qualification is Eightcap’s multi-entity structure. Australian, UK and EU clients receive stronger regulatory protections and lower retail leverage, while many international clients are contracted through offshore entities. Traders should confirm the legal entity named in their account agreement before depositing.

Eightcap Review: Our Take

Eightcap is an excellent choice for active forex and CFD traders who want established third-party platforms, tight Raw pricing and support for automated strategies. Its Raw account combines spreads from 0.0 pips with a conventional $3.50-per-side commission, while its Standard account offers simpler commission-free forex pricing.

Platform choice is a major strength. Depending on jurisdiction, clients can use MT4, MT5, TradingView or TradeLocker. This selection accommodates manual chart traders, MetaTrader Expert Advisor users and traders who prefer to place orders directly from TradingView.

Trust is strong at group level. Eightcap operates regulated entities in Australia, the UK, Cyprus, The Bahamas, Seychelles and Mauritius. Its ASIC, FCA and CySEC licences provide particularly credible oversight, although those protections do not automatically extend to accounts opened through offshore group companies.

Eightcap is less suitable for investors seeking real shares, funds or long-term portfolios. Its principal offering consists of leveraged CFDs, meaning clients speculate on price movements without owning the underlying assets. Education is useful but not as extensive as the libraries offered by some larger full-service brokers.

What Is Eightcap?

Eightcap is a privately held trading group that provides retail, professional and institutional clients with access to over-the-counter CFDs. The original Australian company has been active since 2009, while the Eightcap company and business names date from 2015.

The broker acts as principal and market maker under its international client terms. A client’s CFD is therefore a contract with the relevant Eightcap company rather than an exchange-traded asset. Eightcap may hedge market exposure with external counterparties, but traders should understand the potential conflict created when their broker is also the contractual counterparty.

Eightcap offers two principal pricing models:

• Standard accounts incorporate most forex trading costs into the spread.
• Raw accounts provide narrower variable spreads plus a commission on each side of a forex trade.

Its market range covers forex, share CFDs, indices, commodities and cryptocurrency CFDs. The precise number of instruments and available platforms depends on the client’s country and account entity.

Is Eightcap Regulated? Safety & Licences

Regulatory Licences

Regulator	Jurisdiction	Licence Number	Verified
Australian Securities and Investments Commission	Australia	AFSL 391441	Yes
Financial Conduct Authority	United Kingdom	FRN 921296	Yes
Cyprus Securities and Exchange Commission	Cyprus/EEA	246/14	Yes
Securities Commission of The Bahamas	The Bahamas	SIA-F220	Yes
Financial Services Authority	Seychelles	SD100	Yes
Financial Services Commission	Mauritius	GB25204603	Yes

The account-opening entity determines the regulation and protections that apply.

Australian retail accounts are held by Eightcap Pty Ltd. Client money is maintained in segregated trust accounts, and the company’s product disclosure statement provides negative balance protection for retail clients. Australia does not have an investor compensation scheme equivalent to the UK FSCS, although eligible clients can use the Australian Financial Complaints Authority.

Eightcap Group Ltd serves eligible UK clients under FCA supervision. UK retail CFD rules include leverage limits, margin close-out requirements and negative balance protection. Eligible claims may receive Financial Services Compensation Scheme protection, subject to the scheme’s rules and limits.

Eightcap EU Ltd serves eligible EEA clients under CySEC. Retail clients receive EU-mandated CFD protections, including leverage restrictions and negative balance protection. Eligible clients may also receive Investor Compensation Fund coverage of up to €20,000 if the firm cannot meet its obligations.

The Bahamas, Seychelles and Mauritius entities extend Eightcap’s international coverage and may offer substantially higher leverage. These jurisdictions do not provide compensation arrangements equivalent to the FSCS or Cyprus Investor Compensation Fund.

Eightcap Pty Ltd was one of seven CFD issuers named by ASIC in 2023 after the firms self-reported issuing some CFDs above Australia’s permitted leverage ratios. The affected firms implemented remediation programs and paid or agreed to pay compensation. ASIC did not publish an Eightcap-specific amount.

The FCA has separately warned about eightcap.vip, which used the name “Eightcap VIP.” The regulator identified it as an unauthorised clone with no connection to genuine FCA-authorised Eightcap Group Ltd. Clients should use the official eightcap.com domain and verify payment instructions before transferring money.

Eightcap Account Types

Account	Minimum Deposit	Spreads	Commission	Platforms	Islamic Available
Standard	$100	From 1.0 pips	No forex commission; share commissions apply	MT4, MT5, TradingView or TradeLocker, by region	By approval
Raw	$100	From 0.0 pips	$3.50 per side per standard lot in USD and several other base currencies	MT4, MT5, TradingView or TradeLocker, by region	By approval

The Standard account is the simpler choice for newer or occasional traders. Its forex commission is incorporated into the spread, making trading costs easier to understand before entering a position.

The Raw account is better suited to frequent forex traders, scalpers and automated strategies. The published USD commission is $3.50 per standard lot per side, equivalent to $7 when opening and closing one standard lot. Raw accounts are not available to UK clients.

Both accounts support positions from 0.01 lots, while maximum trade sizes depend on the instrument. Scalping is permitted, and demo accounts are available for practising execution and testing strategies.

Swap-free accounts may be offered to eligible clients at Eightcap’s discretion. Administration charges can apply, including fees on positions held beyond specified periods. Traders should review the swap-free terms rather than assuming the account carries no holding costs.

Professional classifications are available in regulated jurisdictions to clients who meet the relevant eligibility tests. Higher leverage may be offered, but professional status involves surrendering important retail safeguards.

Eightcap Spreads, Fees & Commissions

Eightcap’s headline pricing is highly competitive. Raw forex spreads start at 0.0 pips, although minimum spreads will not be available continuously. Spreads are variable and can widen around major economic announcements, market openings and periods of limited liquidity.

The Standard account starts at 1.0 pips on major forex pairs. This is competitive among established CFD brokers, while Raw pricing is particularly attractive to active traders who account for the additional commission.

Spreads Comparison

Instrument	Eightcap Spread	Industry Average	Verdict
EUR/USD	From 1.0 pip Standard; 0.0 Raw	Around 1.0–1.2 pips Standard	Competitive
GBP/USD	From 1.0 pip Standard; 0.1 Raw	Around 1.3–1.6 pips Standard	Better than average at the minimum
AUD/USD	From 1.2 pips Standard; 0.2 Raw	Around 1.2–1.5 pips Standard	Competitive

These figures are published minimum variable spreads. Actual costs depend on market conditions, platform, account type and legal entity.

Positions held past the daily rollover are normally subject to swaps or overnight funding. Financing applies independently to both sides of a fully hedged position, meaning offsetting long and short trades can still accumulate holding charges.

Share CFDs carry market-specific commissions. Currency conversion costs may also arise when an instrument’s settlement currency differs from the account’s base currency.

Eightcap does not publish a routine inactivity fee on its main account comparison. It also states that it charges no internal deposit or withdrawal fees on its current international payments page. Banks, card providers, e-wallets and blockchain networks can impose separate charges.

Swap-free accounts can incur administration fees, while international terms permit an extended-hold administration fee on positions held for 21 days or longer.

Eightcap Trading Platforms

Platform Comparison

Platform	Desktop	Web	Mobile	EAs/Bots	Notes
MetaTrader 4	Yes	Yes	Yes	Yes	Established forex platform with extensive EA support
MetaTrader 5	Yes	Yes	Yes	Yes	Stronger multi-asset tools and strategy testing
TradingView	Yes	Yes	Yes	Pine Script strategies and alerts	Direct chart trading and extensive community indicators
TradeLocker	Yes	Yes	Yes	Limited compared with MetaTrader	Modern interface with TradingView-based charting

MT4 remains useful for established forex strategies and Expert Advisors. It supports a large ecosystem of third-party indicators, scripts and automated trading systems.

MT5 is Eightcap’s strongest all-round MetaTrader option. It provides additional timeframes, order types and analytical tools, along with an improved strategy tester and better multi-asset functionality.

TradingView integration is one of Eightcap’s biggest advantages. Eligible clients can connect their accounts and place orders directly from TradingView charts while using its drawing tools, alerts, Pine Script and community-built indicators.

TradeLocker provides another browser-friendly option with TradingView-based charting and more than 100 customisable indicators. Availability varies by account entity.

Eightcap does not offer a sophisticated proprietary platform comparable to those of IG or CMC Markets. Traders are therefore primarily dependent on third-party software and infrastructure.

Eightcap Assets & Markets

Asset Coverage

Asset Class	Number of Instruments	Examples
Forex	40+ pairs	EUR/USD, GBP/USD, USD/JPY, AUD/USD
Share CFDs	Hundreds, depending on jurisdiction	Apple, Tesla, Amazon and major Australian and European shares
Index CFDs	Broad global selection	S&P 500, Nasdaq 100, Dow Jones, DAX 40, FTSE 100 and ASX 200
Commodity CFDs	Metals and energies	Gold, silver, WTI oil and Brent oil
Cryptocurrency CFDs	Broad selection outside restricted jurisdictions	Bitcoin, Ether, Solana, Cardano and crypto crosses

Eightcap provides access to more than 800 CFD markets in most international and Australian regions. The UK offering is smaller because retail crypto derivatives are prohibited and some other instruments vary by jurisdiction.

The range is sufficient for most active CFD traders, particularly those focused on forex, US shares, indices and cryptocurrency derivatives. It is less extensive than the catalogues of the largest multi-asset brokers.

Eightcap does not offer conventional ownership of shares, bonds, funds or cryptocurrencies. Crypto positions are CFDs, so clients do not receive coins, wallet access or blockchain withdrawal rights.

Eightcap Leverage

Leverage Table

Trader Type	Maximum Leverage (Forex)	Maximum Leverage (Crypto)	Maximum Leverage (Indices)
Australia, UK or EU retail	1:30	1:2 where permitted	1:20 on major indices
Eligible EU professional	Up to 1:400	Up to 1:20	Up to 1:200
International/offshore retail	Up to 1:500	Up to 1:20	Up to 1:200
Australian wholesale or UK professional	Based on classification and product	Based on classification and product	Based on classification and product

Retail leverage under ASIC, FCA and CySEC rules is capped according to the underlying asset. Major forex pairs can generally be traded at up to 1:30, major indices and gold at 1:20, other commodities at 1:10, shares at 1:5 and eligible cryptocurrency CFDs at 1:2.

International accounts may provide up to 1:500 on forex and selected commodities, up to 1:200 on major indices and up to 1:20 on crypto CFDs. These are maximums rather than universal settings.

Higher leverage lowers the margin needed to open a trade but substantially increases loss and liquidation risk. Offshore leverage also comes without the same statutory protections available to Australian, UK and EU retail clients.

Eightcap Deposits & Withdrawals

Deposit Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Visa/Mastercard	Typically $100	No internal fee	Usually instant
PayPal	Typically $100	No internal fee	Usually instant
Bank transfer	Varies	No internal fee; bank charges may apply	1–5 business days
Skrill	Typically $100	No internal fee; provider charges may apply	Usually instant
Neteller	Typically $100	No internal fee; provider charges may apply	Usually instant
Cryptocurrency	Typically $100	Network charges may apply	Usually instant after confirmation
Regional payment methods	Varies	Varies	Usually instant

Withdrawal Methods

Method	Minimum Deposit/Withdrawal	Fee	Processing Time
Visa/Mastercard	No published per-transaction minimum	No internal fee	1–5 business days
PayPal	No published per-transaction minimum	No internal fee	1–5 business days
Bank transfer	$50 minimum	No internal fee; bank charges may apply	1–5 business days
Skrill	$50 minimum	No internal fee; provider charges may apply	Usually within one business day
Neteller	$50 minimum	No internal fee; provider charges may apply	Usually within one business day
Cryptocurrency	$50 minimum	Network charges may apply	Potentially instant after processing
Regional payment methods	Typically $20–$150 minimum	Varies	Instant to five business days

Payment availability depends on the client’s country and account entity. Eightcap supports additional regional methods such as Interac, Pix, UnionPay, Thai QR and local payment rails in parts of Asia and Latin America.

Accounts must pass identity and address verification. Funding generally needs to come from an account held in the trader’s name, and withdrawals are normally returned to the original funding source where possible.

Published processing times describe Eightcap’s expected handling period. Banks and payment providers can require additional transit time after the broker releases the funds.

Eightcap Customer Support

Channel	Available	Hours	Response Time
Live chat	Yes	24/5	Usually the fastest channel
Email	Yes	24/5 service coverage	Varies
Telephone	Yes	Weekdays	Varies
Knowledge Hub and FAQs	Yes	24/7 self-service	Immediate

Eightcap provides multilingual customer support throughout the trading week. Live chat is generally the most convenient option for account and platform questions, while email provides a written record for verification, payment or complaint cases.

Telephone numbers and support teams vary by jurisdiction. Clients should use the contact information displayed inside the secure account portal or on the appropriate regional Eightcap website.

Public feedback includes praise for responsive service alongside complaints involving verification, account restrictions and withdrawal communication. Individual online reviews should not be treated as proof of the broker’s overall performance.

Eightcap Education & Research

Eightcap’s Knowledge Hub combines market commentary, trading guides, platform tutorials and an economic calendar. Its Trader Toolkit covers CFD fundamentals, technical and fundamental analysis, risk management and the operation of supported platforms.

The broker also publishes market insights and event-focused commentary. Its AI-powered economic calendar connects scheduled releases with historical market behaviour, helping traders identify events that may create volatility. Past market reactions do not predict future results.

Demo accounts are available and are particularly useful for beginners. They allow prospective clients to practise order entry, margin calculations and platform navigation without immediately risking capital.

The education package is useful but not one of the industry’s deepest. Eightcap’s strongest analytical capabilities come from its TradingView and MetaTrader integrations rather than a large proprietary research desk.

Eightcap Pros and Cons

Pros	Cons
Regulated entities in Australia, the UK, Cyprus, The Bahamas, Seychelles and Mauritius	Regulatory protections vary between account entities
Raw forex spreads from 0.0 pips	Raw commission must be included when comparing total costs
Direct TradingView integration	No advanced proprietary trading platform
MT4, MT5 and TradeLocker available in supported regions	Platform and product availability varies by jurisdiction
More than 800 CFDs in most regions	CFDs only; no ownership of shares or cryptocurrencies
Accessible $100 minimum deposit	Education is useful but not market-leading
Scalping and MetaTrader EAs supported	ASIC named Eightcap in a 2023 leverage-limit remediation
No routine internal deposit or withdrawal fees	Offshore clients lack UK or EU compensation-scheme protection
Negative balance protection for regulated retail accounts	Raw accounts are unavailable to UK clients

Is Eightcap Legit? Our Verdict

Eightcap is a legitimate, well-regulated CFD broker. Its Australian entity has a corporate history extending to 2009, while the Eightcap brand dates from 2015. The group combines established ASIC, FCA and CySEC licences with regulated international entities in The Bahamas, Seychelles and Mauritius.

Clients with the UK, EU or Australian entities receive stronger retail safeguards. Traders placed with an offshore entity may receive higher leverage but have more limited compensation and dispute-resolution protections.

Eightcap’s compliance record includes a resolved Australian matter. In 2023, ASIC named Eightcap Pty Ltd among seven CFD issuers that self-reported issuing some CFDs above Australia’s leverage limits. The issuers implemented remediation programs, and affected clients were compensated or scheduled for compensation.

The FCA’s warning concerning Eightcap VIP relates to an unrelated clone website rather than the genuine broker. This highlights the importance of checking the exact domain and payment beneficiary before depositing.

Eightcap earns a high rating for its combination of multi-jurisdiction regulation, competitive Raw pricing, TradingView connectivity, MetaTrader automation and broad CFD coverage. It remains essential to understand the risks of leveraged trading and the protections attached to the specific account entity.

MTR Rating Breakdown

Category	Score	Notes
Regulation & Safety	9.1 / 10	Extensive international regulation led by ASIC, FCA and CySEC
Spreads & Fees	9.3 / 10	Excellent Raw pricing, competitive commission and no routine internal payment fees
Platform Quality	9.5 / 10	Strong TradingView integration with MT4, MT5 and TradeLocker support
Asset Coverage	9.1 / 10	More than 800 CFDs across five major asset classes in most regions
Deposit & Withdrawal	9.2 / 10	Broad payment selection, regional methods and competitive processing times
Customer Support	9.0 / 10	Multilingual 24/5 assistance across live chat, email and telephone
Overall	9.2 / 10	An outstanding CFD broker for active, technical and algorithmic traders

Eightcap is best for traders who value TradingView, MetaTrader automation, tight Raw spreads and broad leveraged market access. It is less suitable for long-term investors, clients seeking direct asset ownership or traders who do not want exposure to CFD risk.

Eightcap Alternatives

Alternative	Best For	Minimum Deposit	Regulation	Spreads From
Pepperstone	Platform choice and active forex trading	$10 in supported international regions	ASIC, FCA, CySEC, BaFin, DFSA, CMA and SCB	0.0 pips
FP Markets	Traders wanting a larger CFD catalogue	$100	ASIC, CySEC and other regional entities	0.0 pips
IG	Broad markets, proprietary tools and research	No minimum account balance; payment minimums may apply	FCA, ASIC and multiple international regulators	0.6 pips on EUR/USD

Pepperstone is Eightcap’s closest direct alternative. It offers MetaTrader, cTrader and TradingView, along with competitive Razor pricing and a broad regulatory footprint.

FP Markets is worth considering when asset breadth matters. It offers around 10,000 CFDs in its Australian range, including a substantially larger share-CFD selection. Its Raw forex commission can also be slightly lower, depending on entity and base currency.

IG is the stronger alternative for proprietary platform features, research and structured education. It offers a larger market catalogue and guaranteed stops on selected products, although its spread-only forex pricing may be more expensive than a Raw account for high-volume traders.

Frequently Asked Questions

Is Eightcap a scam?

No. Eightcap operates through regulated companies, including entities authorised by ASIC, the FCA and CySEC. Traders should use only the official eightcap.com domain. The FCA has warned that eightcap.vip was an unrelated clone.

Is Eightcap regulated?

Yes. Eightcap group entities are regulated in Australia, the UK, Cyprus, The Bahamas, Seychelles and Mauritius. The legal entity named in the client agreement determines which regulator and protections apply.

What is Eightcap’s minimum deposit?

The published minimum deposit is $100 or the equivalent in a supported account currency. Individual payment methods may impose separate transaction minimums.

What are Eightcap’s spreads?

Standard account forex spreads start at 1.0 pips. Raw spreads start at 0.0 pips, with a typical commission of $3.50 per standard lot per side for USD accounts. Spreads are variable.

Which platforms does Eightcap offer?

Eightcap supports MT4, MT5, TradingView and TradeLocker in its broader international offering. The precise selection depends on jurisdiction and account type.

Does Eightcap accept US clients?

No. Eightcap’s international account terms exclude US citizens and US tax residents, and the broker is not registered to provide retail forex or CFD trading in the United States.

How long do Eightcap withdrawals take?

Published processing times range from instant for some crypto or regional methods to five business days for cards and bank transfers. Verification and payment-provider transit can add time.

What is Eightcap’s maximum leverage?

International accounts may offer up to 1:500 on forex. Australian, UK and EU retail clients are generally limited to 1:30 on major forex pairs, with lower limits for other asset classes.

Is Eightcap suitable for beginners?

The $100 minimum deposit, Standard account and demo access make Eightcap accessible to beginners. Its products are leveraged CFDs, however, so new traders should learn position sizing, margin and stop-loss management before trading with real money.

Does Eightcap allow scalping and Expert Advisors?

Yes. Eightcap permits scalping, and MetaTrader accounts support Expert Advisors. Automated strategies remain subject to the broker’s trading terms and platform limitations.

Does Eightcap offer Islamic accounts?

Swap-free accounts may be available to eligible clients following approval. Administration or extended-hold charges can apply.

Is Eightcap suitable for prop traders?

Eightcap’s brokerage accounts support EAs and scalping, which are commonly used by prop traders. Eightcap also operates a separate Challenges program based on simulated trading. Challenge accounts are governed by separate eligibility, trading and payout rules and are not equivalent to standard live brokerage accounts.

Review Methodology

This review was prepared by MyTradingReviews using publicly available information from Eightcap’s official website, account and pricing pages, legal and regulatory disclosures, platform and funding documentation, official regulator sources, enforcement records, and other credible public sources. Regulation and current trading conditions were reviewed on September 15, 2026 against Eightcap’s public disclosures and available official regulator records.