Introduction
Eightcap is a well-regulated forex and CFD broker that offers a wide range of trading products and services to traders in South Africa. The company is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Eightcap offers a variety of account types, including Standard and Raw accounts, as well as a demo account. Traders can trade on a variety of platforms, including MetaTrader 4 and MetaTrader 5. Eightcap also offers a variety of educational resources and tools to help traders improve their skills.
Eightcap Trading Products
Eightcap offers a wide range of forex and CFD trading products, including:
Forex: Over 70 major, minor, and exotic forex pairs
Indices: 15 major global stock indices
Commodities: 18 major commodities, including gold, silver, oil, and gas
Cryptocurrencies: Over 250 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin
Eightcap Trading Platforms
Eightcap offers two popular trading platforms:
MetaTrader 4: MT4 is a versatile and user-friendly platform that is popular among traders of all levels of experience. It offers a wide range of charting tools, technical indicators, and trading strategies.
MetaTrader 5: MT5 is the next-generation trading platform from MetaQuotes. It offers a number of advanced features, such as hedging, multiple timeframes, and expert advisors.
Eightcap Account Types
Eightcap offers two live account types:
Standard Account: The Standard Account is a commission-free account that offers spreads from 1.1 pips.
Raw Account: The Raw Account is a commission-based account that offers spreads from 0.0 pips.
Eightcap also offers a demo account that allows traders to practice trading with virtual money.
Eightcap Education and Tools
Eightcap offers a variety of educational resources and tools to help traders improve their skills, including:
Forex webinars: Eightcap regularly hosts forex webinars that cover a variety of topics, such as technical analysis, fundamental analysis, and risk management.
Forex articles: Eightcap publishes a variety of forex articles that cover a wide range of topics, from beginner-level tutorials to advanced trading strategies.
Forex glossary: Eightcap provides a comprehensive forex glossary that defines common forex terms and concepts.
Eightcap Customer Support
Eightcap offers 24/5 customer support via live chat, email, and phone. The company's customer support team is knowledgeable and helpful.
Eightcap Awards and Recognition
Eightcap has won a number of awards for its services, including:
"Best Forex Educational Resources - Global" at the 2021 Global Forex Awards
"Best Forex Trading Support in Europe" at the 2021 Global Forex Awards
"Most Trusted Forex Broker in Australia" at the 2020 Australian Forex Awards
Eightcap Conclusion
Eightcap is a well-regulated and reputable forex broker that offers a wide range of trading products and services to traders in South Africa. The company's two trading platforms, MetaTrader 4 and MetaTrader 5, are both popular among traders of all levels of experience. Eightcap also offers a variety of educational resources and tools to help traders improve their skills. Overall, Eightcap is a good choice for South African traders who are looking for a reliable and trustworthy forex broker.
