Eightcap Review 2024; Pros & Cons, Features & More


In the dynamic realm of forex trading, selecting a reliable and trustworthy broker is paramount to success. Eightcap stands out as a prominent forex trading platform, catering to a diverse range of traders with its comprehensive suite of features and competitive offerings. This in-depth review delves into the intricacies of Eightcap, providing both novice and experienced traders with the knowledge necessary to make informed decisions and potentially elevate their forex trading experiences.

Eightcap: A Comprehensive Overview

Eightcap, established in 2013, is a global forex and CFD broker regulated by the Australian Securities and Investments Commission (ASIC). Headquartered in Melbourne, Australia, Eightcap has garnered a reputation for its user-friendly trading platforms, competitive spreads, and extensive educational resources. The broker's commitment to client satisfaction has been recognized through numerous industry awards, solidifying its position as a trusted provider in the forex trading landscape.

Trading Platforms and Tools

Eightcap empowers traders with access to industry-leading trading platforms, ensuring a seamless and efficient trading experience.

  • MetaTrader 4: This renowned platform offers a user-friendly interface, advanced charting capabilities, and a vast array of technical indicators.

  • MetaTrader 5: The successor to MT4, MT5 boasts enhanced features, including multi-asset trading, hedging capabilities, and improved trade execution speeds.

  • Eightcap WebTrader: This browser-based platform provides convenient access to trading from anywhere with an internet connection.

Trading Products and Markets

Eightcap caters to a wide spectrum of trading interests, offering a diverse range of tradable assets:

  • Forex: Over 70 currency pairs, including major, minor, and exotic pairs.

  • CFDs: Trade CFDs on indices, shares, commodities, and cryptocurrencies.

  • Cryptocurrency CFDs: Gain exposure to the burgeoning cryptocurrency market with 250+ crypto CFDs.

Spreads and Commissions

Eightcap's spreads are competitive, starting from 1 pip for major forex pairs. The broker offers two account types: Standard and Raw. Standard accounts have no commissions, while Raw accounts have tighter spreads but charge commissions per trade.

Account Types and Minimum Deposits

Eightcap offers a variety of account types to suit different trading styles and risk profiles:

  • Standard: The most popular account type, with no commissions and minimum deposits starting from $100.

  • Raw: Designed for experienced traders, Raw accounts offer tighter spreads but charge commissions per trade, with minimum deposits starting from $500.

  • VIP: Tailored for high-volume traders, VIP accounts provide personalized service, reduced commissions, and minimum deposits starting from $25,000.

Customer Support and Education

Eightcap prioritizes customer support, providing multiple channels for traders to seek assistance:

  • 24/5 Live Chat: Get immediate assistance from Eightcap's multilingual support team.

  • Email Support: Submit inquiries via email and receive prompt responses.

  • Phone Support: Reach out to Eightcap's dedicated phone support team for personalized assistance.

Education and Research Resources

Eightcap recognizes the importance of trader education, offering a wealth of resources to enhance trading knowledge and skills:

  • Educational Webinars: Attend regular webinars conducted by industry experts to gain insights into market trends and trading strategies.

  • Market Analysis Reports: Access comprehensive market analysis reports to stay informed about market movements and potential trading opportunities.

  • Trading Glossary: Utilize the extensive trading glossary to understand essential trading terms and concepts.


  • User-friendly trading platforms

  • Competitive spreads

  • Wide range of trading products

  • Strong educational resources

  • Excellent customer support


  • Limited cryptocurrency CFD offering

  • Raw account commissions may not be suitable for all traders

Overall Conclusion

Eightcap emerges as a compelling choice for both novice and experienced forex traders. Its user-friendly trading platforms, competitive spreads, extensive trading products, and robust educational resources make it a well-rounded broker. Additionally, Eightcap's commitment to customer support and its emphasis on trader education further solidify its position as a trusted provider in the forex trading landscape.


The information provided in this review is for educational purposes only and should not be construed as investment advice. Please conduct your own due diligence before making any trading decisions.