Eightcap Review 2021

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. Traders that like the MetaTrader platforms can choose between both the MetaTrader4 and MetaTrader5 platforms at Eightcap.

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 reassured knowing that Eightcap is licensed to offer trading services by several regulators, 2 in fact. Note, however, that the FCA here in the UK is not among the list of overseeing regulators. Careful 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

40%
Trust
50%
Instruments
57%
Features
BonusNone
InstrumentsForex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Min. Deposit£/€/$100
Min. Trade0.01 lots
Regulated ByASIC, 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, crypto & commodities. Award winning platform, zero commission, free education and low spreads.

Leverage1:500
FTSE Spread1.2
GBPUSD Spread1.0 but 0.0 on Raw Account
Oil Spread1.0
Stocks Spread1.0

Forex Trading

Trade on 40+ of major, minor & exotic pairs with an award winning platform. Zero commission, free education and low spreads.

GBPUSD Spread1.0 but 0.0 on Raw Account
EURUSD Spread1.0 but 0.0 on Raw Account
EURGBP Spread1.0 but 0.0 on Raw Account
Assets40

Payment Methods

Eightcap accepts the following payment methods:

  • Neteller
  • Skrill
  • Visa
  • UnionPay
  • POLi
  • Credit Card
Risk Warning – Your capital is at risk

FAQ

Is Eightcap Safe?

Yes, most likely, as we gave Eightcap a trust score of 40% in our 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
Eightcap is a multi-regulated FX & CFD broker offering the MT4 & MT5 platforms. Award winning platform, zero commission, free education and low spreads.