Eightcap Review 2021
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| Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads. | ||
Eightcap is broker that gives traders access to Forex, CFDs, indices, shares, commodities, cryptocurrencies. With Eightcap traders can use both the MetaTrader4 and MetaTrader5 platforms.
In terms of features offered to traders, Eightcap has Demo Accounts and Auto Trading but is missing Islamic Accounts, Social Trading and Signals.
Eightcap also gives traders access to 4 cryptocurrencies: BTC, LTC, ETH and XRP.
Careful traders will be pleased to know that Eightcap is licensed to provide trading services by multiple regulatory bodies, 2 in fact. Note, however, that the FCA here in the UK is not among them. Prudent traders might want the extra safety of going with an FCA-regulated broker.
Eightcap Summary
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.
Ratings
| Bonus | None |
|---|---|
| Instruments | Forex, CFDs, indices, shares, commodities, cryptocurrencies |
| Demo Account | ✓ |
| Min. Deposit | £/€/$100 |
| Min. Trade | 0.01 lots |
| Regulated By | ASIC, VFSC |
| MetaTrader 4 | ✓ |
| MetaTrader 5 | ✓ |
| cTrader | ✗ |
| DMA Account | ✗ |
| ECN Account | ✓ |
| Mobile Apps | ✓ |
| Auto Trading | Yes - Capitalise.ai |
| Trade Signals | ✗ |
| Social Trading | ✗ |
| Copy Trading | ✗ |
| Islamic Account | ✗ |
CFD Trading
Trade CFDs on popular indices, shares, forex, & commodities. Award winning platform, zero commission, free education and low spreads.
| Leverage | 1:500 |
|---|---|
| FTSE Spread | 1.2 |
| GBPUSD Spread | 1.0 but 0.0 on Raw Account |
| Oil Spread | 1.0 |
| Stocks Spread | 1.0 |
Forex Trading
Trade on 40+ of major, minor & exotic pairs with an award winning platform. Zero commission, free education and low spreads.
| GBPUSD Spread | 1.0 but 0.0 on Raw Account |
|---|---|
| EURUSD Spread | 1.0 but 0.0 on Raw Account |
| EURGBP Spread | 1.0 but 0.0 on Raw Account |
| Assets | 40 |
Cryptocurrency Trading
Trade on leading cryptocurrency coins
| Spread | From 0.0 pips |
|---|---|
| Coins | BTC, LTC, ETH, XRP |
Payment Methods
Eightcap accepts the following payment methods:
- Neteller
- Skrill
- Visa
- UnionPay
- POLi
- Credit Card
FAQ
Is Eightcap Safe?
Yes, most likely, as we gave Eightcap a trust score of 40% in this review. The main negative factor in this score is that Eightcap is not FCA regulated. However, very careful traders might want to find an alternative in our top list of UK brokers.
Does Eightcap Accept PayPal?
No, Eightcap does not accept PayPal payments.
Is Eightcap Halal?
Probably not, as Eightcap does not offer an Islamic trading account as far as we know. For alternatives, please see the list of halal brokers.
What trading platforms does Eightcap support?
With Eightcap you can trade on 2 different platforms: MetaTrader 4 and MetaTrader 5.
Is Eightcap Regulated?
Yes, Eightcap is regulated by 2 different regulators: ASIC and VFSC.
The fact that Eightcap is not regulated by our own FCA will be a concern to the most careful traders. See our list of FCA regulated brokers for alternatives.
Eightcap vs Other Brokers
If you want to compare Eightcap with other brokers, use the detailed comparisons below.
Eightcap vs |
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| Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads. | ||