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Reviewed by Eightcap General Information
Eightcap is an Australian FX and CFD broker providing online trading services to a wide range of clients from around the world. It offers contracts for differences (CFDs) on more than 1000 financial instruments, including 350+ Australian, US, and European shares, 250+ crypto derivatives (including crypto crosses and crypto indices), 40+ major, minor and exotic currency pairs, the world’s largest stock indices, as well as commodities. Clients can enjoy the intuitive interface of the award-winning MT4 and MT5 platforms as well as automated trading capabilities and an advanced charting package.
The company was founded in 2009 and it has been expanding ever since. It is based in Melbourne, Australia, with five offices around the world. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB).
The Australian trading provider is best known for its award-winning customer service, which is available 24/5. Its support team is trusted by thousands of clients worldwide and is fast, reliable, and always ready to set clients up. A proof for this is the fact that Eightcap has been awarded Best Forex Trading Support & Best Forex MT4 Broker and the 2021 Global Forex Awards.
Additionally, the broker’s clients can choose from a variety of easy deposit methods. They can move funds in and out of their accounts in several currencies – USD, AUD, EUR, GBP, CAD, NZD, SGD, using debit or credit cards such as Mastercard/Visa, BPAY, BTC, China UnionPay (uPOP), Skrill, Neteller, PayPal, POLi, Tether, Worldpay, and Wire transfer.
Aside from the convenience that Eightcap offers to its clients, the broker has noteworthy pricing. The company’s ultra-low Forex spreads are five times lower than those of top Forex brokers (based on spreads data comparison with IC Markets Raw, XM, Pepperstone, IG Markets, OANDA, FxPro from January 2022 on TradeProofer). Furthermore, its crypto derivatives spreads are among the lowest on the market, starting from 12 p/coin for Bitcoin, 0.45 p/coin for Ethereum, 0.004 p/coin for Cardano, and 0.0002 p/coin for Dogecoin. The Australian CFD provider complements its offering with exclusive educational materials and insight from experts across the globe.
Eightcap’s award-winning partner program is one that calls for a mention as well. CPAs up to $900 USD and rebates up to $6 USD per lot are but a number of the rewards affiliates earn by partnering with the broker. Integrating TradingView into the current MetaTrader-centric system is a step in the direction of more in-depth analysis, compatible with signal sharing practices.
