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Eightcap review
Melbourne-based broker founded in 2009, regulated by ASIC, the FCA, CySEC and the SCB, popular for its TradingView integration and raw pricing.
9.1/10
Analysis of public sources- ASIC
- FCA
- CySEC
- SCB
- Since 2009
Our verdict on Eightcap
In short
Eightcap is an Australian broker regulated by ASIC, the FCA, CySEC and the Securities Commission of the Bahamas. It stands out for its deep TradingView integration and its Raw account with spreads from 0.0 pip, which make it a favourite of chart-driven traders.
Who is it for?
Ideal for traders who analyse markets on TradingView and want to execute from the same interface, and for MetaTrader users who want raw pricing from a well-regulated broker.
Who it suits less
Less suited to traders who want a proprietary platform, options or real stock investing, and to those looking for the widest range of stock CFDs.
Eightcap overview
Eightcap was founded in Melbourne in 2009. The group holds licences from ASIC in Australia, the FCA in the United Kingdom and CySEC in the European Union, and serves international clients through an entity regulated by the Securities Commission of the Bahamas (SCB).
The broker has made TradingView a central part of its offering, alongside MetaTrader 4 and MetaTrader 5. Its Raw account offers spreads from 0.0 pip with a commission of about $3.50 per side, while the Standard account has no commission and spreads from 1.0 pip. Eightcap also offers tools such as Capitalise.ai for code-free automation, depending on the entity.
In our comparison, Eightcap ranks fifth with a rating of 9.1 out of 10, thanks to strong regulation and competitive pricing. Its instrument range, centred on forex, indices, commodities and crypto CFDs, is narrower than that of the multi-asset leaders.
Pros and cons
Pros
- Regulated by ASIC, the FCA and CySEC
- Deep TradingView integration, plus MT4 and MT5
- Raw spreads from 0.0 pip
- No inactivity fee
- Wide range of crypto CFDs (where permitted)
Cons
- No proprietary platform
- Narrower stock CFD range than multi-asset brokers
- International clients served by the Bahamas entity
- Education less extensive than the market leaders
Fees and commissions
Eightcap offers a Standard account with no commission and spreads from 1.0 pip, and a Raw account with spreads from 0.0 pip and a commission of about $3.50 per side per lot ($7 per round turn). There is no inactivity fee, and most deposit methods are free.
| Fee type | Details |
|---|---|
| Spread EUR/USD | From 1.0 pip (Standard), from 0.0 pip + commission (Raw) |
| Commission | None on Standard; about $3.50 per side per lot on Raw |
| Overnight financing (swap) | Charged on positions held overnight |
| Deposit fees | Free for most methods |
| Withdrawal fees | Free for most methods; international bank wire fees may apply |
| Inactivity fee | None |
Trading platforms
Eightcap supports MetaTrader 4, MetaTrader 5 and TradingView. The TradingView integration lets clients trade directly from charts, and Eightcap regularly publishes market analysis on the platform. Automation is possible through MetaTrader Expert Advisors and, depending on the entity, Capitalise.ai.
MetaTrader 4 and 5
The two MetaQuotes platforms, on desktop, web and mobile.
- Expert Advisors
- Custom indicators
- One-click trading
- Strategy tester (MT5)
Available instruments
- 50Forex pairs
- 600Stocks
- 15Commodities
- 15Indices
- 90Cryptocurrencies
Approximate figures published by the broker. The exact list may vary by account type and by the entity that holds your account.
Deposits and withdrawals
- Minimum deposit
- $100 or equivalent
- Payment methods
- Processing times
- Instant deposits by card and e-wallet. Withdrawals processed within 1 business day.
- Fees
- No deposit fees for most methods. International bank wire withdrawals may incur bank charges.
Customer service
- Languages
- Opening hours
- 24 hours a day, 5 days a week
- Contact channels
Safety and regulation
Eightcap is supervised by ASIC, the FCA and CySEC, three regulators that require segregated client funds and negative balance protection for retail clients. Eligible UK clients can be covered by the FSCS up to GBP 85,000, and EU clients by the Investor Compensation Fund up to EUR 20,000. International clients are served by the SCB-regulated entity in the Bahamas, with higher leverage and fewer protections.
- Main regulators
- ASIC (Australia), FCA (UK)
- Other group licences
- Investor protection
- FSCS up to GBP 85,000 (UK clients), ICF up to EUR 20,000 (EU clients); varies by entity
- Segregated client funds
- Yes
- Parent company
- Eightcap group (private), Melbourne
- Year founded
- 2009
Frequently asked questions
Yes. Eightcap is one of the brokers most closely integrated with TradingView: you can trade directly from TradingView charts with your Eightcap account.
Eightcap is regulated by ASIC in Australia, the FCA in the UK, CySEC in the EU and the Securities Commission of the Bahamas for international clients.
No. Eightcap does not charge an inactivity fee at the time of our review.
Eightcap alternatives
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Ready to open an account with Eightcap?
Overall rating: 9.1/10
Trading CFDs involves a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Brokers.Forex has no affiliate partnership with Eightcap: this link earns no commission.