Eightcap is a well-regulated forex and CFD broker that offers a wide range of trading products and services to traders of all experience levels. The broker is known for its competitive spreads, low commissions, and fast execution speeds. Eightcap is also a popular choice for traders who want to use the MetaTrader 4 and MetaTrader 5 trading platforms.
In this review, we will take a closer look at Eightcap and its offerings to help you decide if it is the right broker for you.
Is Eightcap a Safe Broker?
Eightcap is a regulated broker by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). This means that the broker is subject to strict financial and operational requirements, which helps to protect traders' funds.
Eightcap also offers a number of other safety features, such as negative balance protection and segregated client accounts. These features help to further protect traders' funds from loss.
What Trading Products Does Eightcap Offer?
Eightcap offers a wide range of trading products, including:
Forex: Eightcap offers over 70 forex pairs to trade, including majors, minors, and exotics.
CFDs: Eightcap offers CFDs on a wide range of assets, including stocks, indices, commodities, and cryptocurrencies.
Shares: Eightcap offers direct share trading on over 15,000 shares listed on exchanges around the world.
What Trading Platforms Does Eightcap Offer?
Eightcap offers two popular trading platforms:
MetaTrader 4: MetaTrader 4 is a powerful and versatile trading platform that is popular among both beginner and experienced traders.
MetaTrader 5: MetaTrader 5 is the next generation of the MetaTrader platform and offers a number of additional features, such as advanced charting tools and social trading capabilities.
What are Eightcap's Trading Fees?
Eightcap's trading fees are competitive. The broker charges spreads on all trades, and these spreads are typically very tight. Eightcap also charges commissions on some trades, but these commissions are relatively low.
What is Eightcap's Customer Support Like?
Eightcap offers 24/5 customer support via live chat, phone, and email. The broker's customer support team is knowledgeable and helpful.
Overall, Eightcap is a reliable and reputable forex and CFD broker that offers a wide range of trading products and services to traders of all experience levels. The broker is known for its competitive spreads, low commissions, and fast execution speeds. Eightcap is also a popular choice for traders who want to use the MetaTrader 4 and MetaTrader 5 trading platforms.
Here are some of the things that we like about Eightcap:
Wide range of trading products
Competitive spreads and commissions
Fast execution speeds
MetaTrader 4 and MetaTrader 5 trading platforms
24/5 customer support
Here are some things that Eightcap could improve:
Limited educational resources
No Islamic account option
Overall, Eightcap is a great choice for traders who are looking for a reliable and reputable broker with a wide range of trading products and services. The broker is particularly well-suited for traders who want to use the MetaTrader 4 or MetaTrader 5 trading platforms.
