The Tool Desk
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Eightcap is a brand used by companies regulated in Australia, the UK, Cyprus, the Bahamas, Seychelles, and Mauritius. Check the company named in your client agreement before funding an account.
Eightcap at a glance
| Feature | Details |
|---|---|
| Products | Forex, indices, commodities, share CFDs, and cryptocurrency CFDs |
| Platforms | MetaTrader 4, MetaTrader 5, TradingView, and TradeLocker |
| Account types | Standard and Raw |
| Minimum deposit | $100 or equivalent, according to Eightcap’s global account-options page |
| Minimum trade size | 0.01 lots, according to Eightcap’s account comparison |
| Raw-account commission | $3.50 per standard lot per side in USD, AUD, NZD, SGD, or CAD; £2.25 in GBP; €2.75 in EUR, according to Eightcap’s account-options page |
| Support | Multilingual support, advertised 24/5, online chat, and [email protected], according to Eightcap’s contact page |
Eightcap’s pages use both “800+” and “850+” to describe its CFD range. The markets page and current trading landing page differ, so neither figure should be treated as a universal promise.
What can you trade at Eightcap?
Eightcap provides access to CFD markets rather than direct ownership of the underlying assets. Its listed products include forex, indices, commodities, individual share CFDs, and cryptocurrency CFDs. A CFD lets you speculate on price movements without owning the underlying asset. That can make short selling and leveraged exposure convenient, but losses can build quickly. You do not receive the same ownership rights as you would by buying shares through a stockbroker.
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Accounts and trading costs
Raw account
Eightcap’s account-options page advertises Raw spreads from 0.0 pips. It lists commission of $3.50 per standard lot per side in USD, AUD, NZD, SGD, or CAD; £2.25 in GBP; and €2.75 in EUR. For a USD account, that means:
- $3.50 when opening one standard lot
- $3.50 when closing one standard lot
- $7 total commission for the round trip
A standard lot is 100,000 units for the EUR/USD contract specified on Eightcap’s EUR/USD page. A 0.01-lot trade is a micro lot, so commission is proportionally smaller. The precise monetary result can depend on the account currency and instrument.
Standard account
Eightcap advertises Standard spreads from 1.0 pip and no forex commission. That does not make it cost-free: the spread is the broker’s primary trading charge. Share CFDs can also carry commission on the Standard account, according to the account-options page.
The Raw account may suit frequent traders who value a narrow spread and can account for commission. The Standard account may be easier to understand for occasional traders who prefer to see the main forex cost built into the quoted spread.
EUR/USD example
Eightcap’s current EUR/USD specification lists a minimum spread of 1 pip on Standard and 0 pips on Raw. It also lists a $7-per-lot round-turn commission for Raw, a 100,000-unit contract size, and a minimum contract size of 0.01 lots.
These are minimum figures, not guaranteed or typical costs. Spreads can widen during economic announcements, market openings, low-liquidity periods, and volatile conditions. Before comparing Eightcap with another broker, compare live or published typical spreads as well as commission.
Other charges to check
Overnight financing
Holding a CFD beyond the broker’s daily rollover can result in a swap charge or credit. Eightcap’s swap guide says triple swap is normally applied on Wednesday night, with different days for some products:
- Stock CFDs: normally Monday
- Index CFDs: normally Friday
- Other instruments: normally Wednesday
For a position held for several days, overnight financing can outweigh the difference between two brokers’ advertised spreads. Check the swap rate for the exact instrument before using a buy-and-hold strategy.
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Inactivity fees
“Eightcap has no inactivity fee” is not a safe universal statement. The current EU costs document allows a monthly inactivity fee of 10 EUR, GBP, or USD after more than three calendar months without trades, open positions, or pending orders.
The policy may differ for other entities. Check the client agreement and costs document shown during your application rather than relying on a general review.
Platforms: strong choice, but accounts are platform-specific
Eightcap lists four third-party platforms on its platforms page:
- TradingView
- MetaTrader 4
- MetaTrader 5
- TradeLocker
This is useful for traders who already know one of these platforms, but it creates an important limitation: an MT4 or MT5 trading account cannot simply be connected to TradingView. Eightcap says trading accounts are platform-specific. Select the platform you intend to use when opening the relevant account.
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Connecting Eightcap to TradingView
Eightcap’s current UK TradingView instructions use this sequence:
- Sign up for an Eightcap account.
- Log in to TradingView.
- Open a chart.
- Select Eightcap from the Trading Panel.
- Enter your Eightcap broker credentials.
TradingView and TradeLocker involve two authentication stages: first sign in to the platform, then sign in to Eightcap inside the platform as the broker. Eightcap’s platform and password guide says the broker username is the email address associated with your Eightcap account.
TradeLocker compatibility
Eightcap’s TradeLocker download page lists Windows 10 or higher, separate macOS downloads for Apple Silicon and Intel, iOS, Android, and web-browser access. It can be a convenient alternative to MetaTrader, but traders using automated strategies or custom indicators should confirm that their preferred tools are supported before moving an account.
Regulation and client protection
Eightcap is a brand, not one single worldwide legal company. The company information published by Eightcap identifies these entities:
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| Entity | Regulator | Licence or registration |
|---|---|---|
| Eightcap Pty Ltd | Australian Securities and Investments Commission | AFSL 391441 |
| Eightcap Group Ltd | UK Financial Conduct Authority | FRN 921296 |
| Eightcap EU Ltd | Cyprus Securities and Exchange Commission | Licence 246/14; registration HE329922 |
| Eightcap Global Limited | Securities Commission of The Bahamas | SIA-F220 |
| Eightcap International Ltd | Seychelles Financial Services Authority | SD100 |
| Eightcap International Trading | Mauritius Financial Services Commission | GB25204603 / registration 227050 |
The entity listed in your client agreement matters more than the Eightcap logo on the website. Do not assume that every customer receives FCA, ASIC, or CySEC protections.
Negative-balance protection
The Australian product disclosure statement says negative-balance protection applies to retail clients, but also says the broker may offset a negative balance on one account against a positive balance on another account. This should not be generalized to professional clients or every offshore entity.
UK professional clients may also lose some retail protections. Eightcap’s UK professional-client information says elective professional clients may lose negative-balance protection and may not have access to the Financial Ombudsman Service. Read the classification disclosures before requesting professional status simply to obtain higher leverage.
Leverage and margin
There is no single Eightcap leverage limit that applies to everyone. Leverage varies according to the legal entity, instrument, client classification, and jurisdiction. For example, Eightcap’s EUR/USD page shows leverage up to 1:500 for the Seychelles-regulated entity, while stricter jurisdictions may impose lower retail limits.
Eightcap’s global account comparison lists an 80% margin-call level and a 50% stop-out level. These figures do not prevent losses during fast markets or gaps. A position can be closed at a substantially worse price than expected, particularly around major news or when markets reopen.
Scalping is explicitly allowed on the same account comparison. That is useful for short-term traders, although permission to scalp does not guarantee any particular execution speed, spread, or fill price.
Deposits and withdrawals
Eightcap’s global withdrawal instructions describe this process:
- Log in to your Eightcap account.
- Select the preferred withdrawal method.
- Submit the withdrawal request.
- Enter the amount and confirm.
There are several practical conditions that can delay a withdrawal:
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- Withdrawals are normally sent back through the method used for the deposit.
- If multiple methods were used, including a credit card, funds may be returned to the originating card first.
- Eightcap may request proof of identity and proof of address.
- The Finance team reviews every withdrawal; Eightcap says this review can take one to two business days.
- Payment providers may add transaction, international-processing, or currency-conversion charges.
The global page advertises no internal withdrawal fee, but the EU withdrawal page lists a 4–10 EUR fee for one bank-transfer route and warns that currency-conversion costs may apply. The accurate conclusion is that withdrawal costs depend on the entity, route, currency, intermediary, and provider.
Use a bank account or card in the same name as the Eightcap account. The EU payment page requires deposits from an account or card in that name. Third-party deposits or mismatched names can trigger additional compliance checks or prevent the requested withdrawal route.
Is Eightcap available in the United States?
Eightcap’s global company information lists entities in Australia, the UK, Cyprus, the Bahamas, Seychelles, and Mauritius, but not a U.S. retail brokerage entity. The UK client agreement identifies the United States as an excluded jurisdiction.
U.S. residents should not assume they can open a regulated Eightcap retail forex account. Availability should be confirmed directly with the broker, and U.S. traders should generally compare brokers regulated for the U.S. market.
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Eightcap’s contact page advertises multilingual support 24 hours a day, five days a week, online chat, and the email address [email protected].
If a dispute cannot be resolved through support, use the complaints policy for the entity named in your client agreement. The correct regulator, ombudsman, or compensation scheme depends on that entity. A complaint involving the UK company should not automatically be sent to the Australian or Cypriot regulator.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.Advantages and disadvantages
| Advantages | Disadvantages and risks |
|---|---|
| Raw account pricing starts at 0.0 pips | Commission and spread costs must be assessed together |
| MT4, MT5, TradingView, and TradeLocker support | Accounts are platform-specific and cannot be freely switched between platforms |
| Forex plus a broad CFD selection | CFDs do not provide ownership of the underlying assets |
| Scalping is allowed | Leverage, protections, and conditions vary by entity |
| $100 minimum deposit on the current global page | Inactivity fees and withdrawal charges can vary by jurisdiction |
| Multiple regulated entities | Clients must identify which entity actually holds their account |
Who may find Eightcap suitable?
Eightcap is most likely to suit:
- Forex traders who specifically want MT4, MT5, TradingView, or TradeLocker
- Active traders who can benefit from the Raw account’s spread-and-commission structure
- Traders seeking access to forex, indices, commodities, shares, and cryptocurrency CFDs in one account
- Clients willing to check their legal entity, protections, leverage, and complete fee schedule before depositing
It is less suitable for U.S. residents seeking a domestic retail forex broker, investors who want to own shares or futures directly, or customers who require a proprietary platform and extensive in-house research.
How to check Eightcap before funding
- Identify the legal entity. Find the company name and regulator in the account-opening documents.
- Confirm retail or professional classification. Higher leverage may come with fewer protections.
- Choose the platform carefully. Create a TradingView account if that is where you plan to trade; an MT4 account will not connect to it.
- Compare total trading costs. Include spread, commission, swap, share-CFD commission, and possible inactivity charges.
- Check payment rules. Use a payment method in your own name and review fees for your entity and currency.
- Test the process with a small amount. Confirm that deposits, platform access, and a withdrawal request work as expected before committing more capital.
FAQ
Is Eightcap a legitimate broker?
Eightcap operates through regulated entities in Australia, the UK, Cyprus, the Bahamas, Seychelles, and Mauritius. The relevant regulator and protections depend on the entity that accepts your account, so verify the legal company in the client agreement.
Is Eightcap good for forex trading?
It can be a good fit for traders who want third-party platforms and competitive Raw-account pricing. The Raw account advertises spreads from 0.0 pips plus commission, while the Standard account advertises spreads from 1.0 pip with no forex commission.
What is the minimum deposit at Eightcap?
Eightcap’s current global account-options page lists a $100 minimum deposit, or the equivalent in listed base currencies. Requirements can vary by entity or payment method.
Does Eightcap charge an inactivity fee?
The policy varies by entity. Eightcap’s current EU costs document allows a monthly 10 EUR, GBP, or USD fee after more than three calendar months without trades, positions, or pending orders.
Can I use an Eightcap MT4 account on TradingView?
No. Eightcap says trading accounts are platform-specific. An MT4 or MT5 account cannot be used on TradingView, so choose the appropriate platform account when applying.
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Retail protections depend on the entity and client classification. The Australian disclosure describes negative-balance protection for retail clients, while UK professional clients may lose that protection. Do not assume the same rule applies globally.
Can U.S. residents open an Eightcap account?
Eightcap’s current company information does not list a U.S. retail brokerage entity, and its UK client agreement identifies the United States as excluded. U.S. residents should confirm availability directly and compare brokers regulated for the U.S. market.
The Bottom Line
Eightcap is a reasonable choice for platform-focused, cost-conscious CFD traders—especially those considering the Raw account. Its combination of MT4, MT5, TradingView, TradeLocker, and a broad CFD range is appealing.
The critical qualification is the entity behind the account. Regulation, leverage, negative-balance protection, inactivity fees, withdrawal charges, and complaint procedures are not universal across the Eightcap brand. Treat the $100 minimum deposit and 0.0-pip spread as starting points, not a complete cost or risk assessment.
Do these 3 things before closing this tab:
1Fix the driver behind crashes, sound loss and screen glitches2Repair Windows errors before they cause bigger problems3Scan for outdated or missing drivers - takes under a minuteBefore funding, confirm the legal entity, client classification, applicable protections, platform, spreads, commission, swap rates, inactivity policy, and withdrawal rules. CFDs are leveraged products and are not suitable for every investor.
Quick Recap
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