Eightcap review

Regulated by

ASIC (AFSL 391441); FCA (FRN 921296); CySEC (246/14); SCB Bahamas (SIA-F220); Seychelles FSA (SD100); Mauritius FSC (GB25204603)

Regulator tier

Tier 1

Register entry

ASIC Professional Registers, AFSL 391441

Client money segregated

Yes

Held at

Regulated banking institutions

Negative balance protection

Yes, retail clients

Compensation scheme

FSCS up to £85,000 for eligible UK clients; ICF up to €20,000 for eligible EU clients

Audited by

Independent external auditors

Not available to

United States and other jurisdictions where services are prohibited or restricted

A regulator is also the body that publishes what a broker has done wrong, which is half the reason the licence matters.

Eightcap holds tier-one authorisations from ASIC, FCA and CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

It also operates an offshore entity (FSC, SCB and FSA). Which one you are onboarded to depends on where you live, and the two carry very different protections - worth confirming before you deposit.

ASIC caps retail leverage at 1:30, requires negative balance protection, and obliges the broker to hold client money in a separate trust account.

The FCA caps retail leverage at 1:30, mandates negative balance protection, and covers eligible clients under the Financial Services Compensation Scheme.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Check the licence yourself: ASIC Connect, the FCA Register, the CySEC register of investment firms, the Seychelles FSA list of regulated entities, the Mauritius FSC register of licensees.

Legal entity

Eightcap Pty Ltd

Company number

ACN 139 495 944 / ABN 73 139 495 944

Headquarters

Melbourne, Australia

Founded

2009

Publicly listed

No

Parent company

Eightcap Holdings Pty Ltd

Employees

240+

Also trades as

Eightcap

Deposit methods

Visa, Mastercard, PayPal, bank transfer, Skrill, Neteller, BPAY and regional methods

Withdrawal methods

Visa, Mastercard, PayPal, bank transfer, Skrill, Neteller, BPAY and supported regional methods

Deposit time

Instant for cards, PayPal, Skrill and Neteller; bank transfer 1-5 business days; BPAY 1-2 business days

Withdrawal time

1 business day for Skrill/Neteller; 1-5 business days for cards, PayPal and bank transfer

Minimum withdrawal

$50 for bank transfer, BPAY, Skrill and Neteller; no minimum for cards/PayPal

Local payment methods

BPAY; Interac; PIX; UnionPay; Thai QR; regional Asian banking/payment methods

Spread from

0.0 pips

EUR/USD spread

Approx. 0.06 pips, Raw

GBP/USD spread

Approx. 0.2 pips, Raw

Commission

$3.50 per side / $7 round turn, Raw

All-in cost, EUR/USD

Approx. 0.76 pips

Spread type

Variable

Overnight swap

Both: overnight swaps apply; swap-free arrangements available

Inactivity fee

10 units of base currency/month after 3 months inactivity

Deposit fee

None internally

Withdrawal fee

None internally

Currency conversion

Conversion rate/fee applies where currencies differ

Complaints about cost are usually complaints about swap and inactivity fees rather than the spread.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

Eightcap lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Cryptocurrencies

Currency pairs

40+

Total instruments

850+

Crypto CFDs

Yes

Maximum leverage

1:30

Execution model

Market execution / STP-style CFD execution

Execution speed

Approx. 30ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

Equinix data-centre infrastructure, including New York and London

Leverage is capped at 1:30, which is the retail limit under tier-one regulation. It is a protection rather than a restriction: it caps how quickly a position can move against your balance.

Eightcap covers forex, shares, indices, commodities, cryptocurrencies. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, paypal, bank transfer, skrill, neteller, bpay and regional methods. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, MetaTrader 5, TradingView, TradeLocker

Own platform

No

Mobile app

Third-party

Browser trading

Yes

Automated trading

Yes; MT4/MT5 Expert Advisors and automated trading supported

Copy trading

Yes, through supported third-party integrations

Indicators

100+ via TradingView; 30+ MT4; 38+ MT5

Third-party tools

TradingView, Capitalise.ai, FlashTrader, Acuity

API access

Yes, institutional/API solutions

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

MetaTrader 5 handles more asset classes and order types than MT4, but expert advisors are not compatible between the two - an MT4 EA will not run on it.

TradingView integration lets you trade from charts you may already use, removing the need to run a second platform for analysis.

Minimum deposit

$100

Account types

Standard, Raw, Professional, Demo

Account currencies

AUD, CAD, EUR, GBP, NZD, SGD, USD

Islamic account

No dedicated Islamic account

Demo account

Yes

Professional account

Yes, Eightcap Pro

Minimum trade size

0.01 lots

Time to open

Typically a few minutes, subject to verification

Support hours

24/5

Contact channels

Live chat, email, phone

Languages

Multilingual

Telephone

+61 3 8375 9700

Email

customerservice@eightcap.com

Live chat response

Typically under 2 minutes

Education

Extensive: Trader Toolkit, educational guides, platform tutorials, webinars and trading education

Research

Market Insights, market analysis, trend commentary, Acuity AI tools and FXStreet news