eightcap review
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Eightcap Review UK

There are various trading platforms on the market these days, but one that’s generating a lot of buzz in the online trading community is Eightcap. Let’s have a look at the features, advantages, and disadvantages of Eightcap, which offers various platform plugins and access to third-party tools. To summarise, it:
Offers more cryptocurrency pairs than other competitors.
Is classed as an average-risk trading platform.
Is authorised by two tier-1 regulators (high trust).
Expertly Reviewed
Trusted Ratings
Fees Explained
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Eightcap Pros & Cons

Eightcap is proud to promote itself as a MetaTrader-only broker with access to Capitalise.ai’s algorithmic trading platform and support offered for many third-party plugins.

Although Eightcap has an excellent crypto offering, its lack of high-quality educational content, minimal research material, and limited market coverage leave it trailing behind other forex trading platforms at present.
PROS
Eightcap (or “8cap”) was launched in 2009 and is overseen by two tier-1 regulators and one tier-2 regulator.
It has a good selection of written material.
It provides over 200 cryptocurrency CFDs.
CONS
The variety of CFD symbols is limited, and there are only 45 forex pairs to choose from.
The platform’s research content lacks variety, depth, and consistency.
It doesn’t provide educational videos for beginners like various other top forex brokers do.
Educational resources cannot be filtered by experience level, and it would be helpful if a progress-tracking feature was included.
The range of accounts, markets, and execution methods available on Eightcap can’t compete with the top MetaTrader brokers.

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Overview

Eightcap is considered an average-risk trading platform. It does not have its own bank, is not publicly traded, and is regulated in two tier-1 jurisdictions (high trust), one tier-2 jurisdiction (medium trust), and no tier-3 jurisdiction (low trust). The tier-1 regulators mentioned are the Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

What is Eightcap?

Eightcap was founded in Melbourne, Australia, in 2009 and gained its Australian Financial Service License (AFSL) from the Australian Securities & Investment Commission (ASIC). 
By offering access to third-party tools such as Capitalise.ai and various platform plugins, Eightcap has made efforts to improve the standard MetaTrader platform suite. What’s more, it launched a feature in 2021 that allows users to choose from a wide selection of cryptocurrency pairs, more than many other brokers offer.
However, Eightcap faces significant challenges if it wants to become a top MetaTrader Broker. Its lack of a proprietary mobile app and a restricted range of available markets are two major downsides.
Eightcap was founded in Melbourne, Australia, in 2009 and gained its Australian Financial Service License (AFSL) from the Australian Securities & Investment Commission (ASIC). 
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What is Eightcap?
What is Eightcap dashboard
What is Eightcap website
By offering access to third-party tools such as Capitalise.ai and various platform plugins, Eightcap has made efforts to improve the standard MetaTrader platform suite. What’s more, it launched a feature in 2021 that allows users to choose from a wide selection of cryptocurrency pairs, more than many other brokers offer.
However, Eightcap faces significant challenges if it wants to become a top MetaTrader Broker. Its lack of a proprietary mobile app and a restricted range of available markets are two major downsides.
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What Can You Trade and Invest in on Eightcap?

Eightcap’s offering of 45 forex pairs and about a dozen CFDs falls short of the industry average. Users have access to the following investment opportunities: Forex trading, CFD trading, 326 trading symbols, 45 Forex pairs, cryptocurrency (CFD), physical cryptocurrency, and social trading/copy trading. 

Note that Eightcap users can access cryptocurrency trading through CFDs, but that’s not available through trading the underlying asset, such as buying Bitcoin. Additionally, crypto CFDs are not available to UK residents or retail traders from any broker’s UK entity.
Stock CFDs
Eightcap users can only trade stock CFDs (contract for difference); they do not have access to actual stocks. CFDs are a type of derivative product.
Eightcap Cryptocurrency review
Eightcap is a cryptocurrency derivatives broker that has been piquing the interest of many financial advisors and investors due to the convenience of its services.
It also launched more cryptocurrency pairs in 2021 than nearly all of its competitors. 
With Eightcap, you'll be able to trade the widest range of cryptocurrency CFDs available. You'll also have the opportunity to adopt numerous trading possibilities, such as trading cryptocurrency indices and short-selling crypto CFDs.
Buy Cryptocurrency on Eightcap
Cryptocurrency is a highly popular and lucrative investment asset and has prompted many individuals to seek the best places to purchase them.
Cryptocurrency Trading
Eightcap offers cryptocurrency trading through CFDs, but not through trading the underlying asset (e.g., actually purchasing Bitcoin).
Eightcap Forex review
Eightcap, established in 2009, is run by a global forex broker in Australia. Among all the Australian forex brokers out there, Eightcap charges some of the lowest forex fees.
Eightcap ETFs
In addition, ETFs have a lower risk of losses because money isn’t invested in a single stock, but across a range of businesses.
Eightcap Commodities
Eightcap offers an easy way to trade the Gold market through Gold CFDs. It is important to consider factors and events that affect the price of gold before investing in the market.
Eightcap Indices
Eightcap clients can choose among the 8 most prominent indices and profit (or lose) from activity in global equity markets worldwide.
eightcap cta image1

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Trade Analysis

Eightcap has no proprietary mobile app, which means it simply can’t compete with industry leaders with the best trading apps like IG and Saxo Bank. Eightcap is a MetaTrader-only broker; the Android and iOS versions of the MT5 app come as standard and can be downloaded from Google Play Store and Apple iTunes store respectively.

However, Eightcap does provide plugins from FX Blue, enhancing the standard MetaTrader platform suite. It also allows algorithmic trading within MetaTrader 4 accounts as it supports integration with Capitalise.ai, a third-party platform where users can code automated trading strategies. This means that there are various extra functions that can enhance your standard MetaTrader experience.

In fact, Eightcap’s most distinguishing feature is Capitalise.ai, which allows users to create bots using simple non-coding language. You can connect it to your MT4 and then add commands to be carried out. You can construct a strategy from scratch or use one of the provided prebuilt templates.

Eightcap User Experience

Eightcap offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), with the latter offering access to a web trading platform. Both have their mobile trading platform.

The flexibility of MetaTrader 5 on the web is comparable to that of MetaTrader 4. It’s simple to customise it to your preferences. Despite the limited changes from MT4, the MT5 platform feels outdated, and some features are hard to find. For instance, adding a new asset to the watchlist can be quite difficult to master at first.
Eightcap User Experience
The search functions are effective. You can locate the items listed by category using the search bar and entering the names of the assets manually.

When it comes to the mobile trading platform provided by MT4, we like its design and simplicity. It’s easy to locate the features you want. The search functions are excellent as well. You can search for a product by name or browse through the category folders.

The MT4 desktop platform is highly customisable, even allowing you to change the size and position of your tabs. However, its design is quite outdated and some features are hard to find within this version.
The search functions are effective. You can locate the items listed by category using the search bar and entering the names of the assets manually.
When it comes to the mobile trading platform provided by MT4, we like its design and simplicity. It’s easy to locate the features you want. The search functions are excellent as well. You can search for a product by name or browse through the category folders.
The MT4 desktop platform is highly customisable, even allowing you to change the size and position of your tabs. However, its design is quite outdated and some features are hard to find within this version.

Eightcap Fees

Eightcap offers two account types across its global entities, and the fees you pay are dependent on whether you opt for the spread-only Standard account or the commission-based Raw account.

Eightcap has an average spread of 0.06 for its commission-based Raw account. However, the overall cost is 0.76 pips if you consider the per-side commission of £2.57 per trade, which is under the industry average of 0.8 pips. Please note that Eightcap did not give a data range for the published average spread data.

Overall, Eightcap is a little more expensive than the lowest-cost forex brokers.
Fees Rating
five star
Minimum deposit
$50 (around £36)
Standard platform charge (monthly)
0%
Best platform charge (monthly)
0%
Standard fee per trade
£0
Best fee per trade
£0
Forex conversion fee
0.50%
Deposit fee
£0
Withdrawal fee
$5.00 (around £3.50)
Inactivity fee
$10.00 (around £7)

Eightcap Payment

Remember that the Eightcap payment options listed below are subject to change based on your country of residence and the Eightcap entity. You can access a list of all available Eightcap payment methods in the Eightcap members’ area on the website.

You can use any of the following deposit options if they are available in your region:
Credit cards
Debit cards
Bank transfer
POLi
UnionPay
Payoneer

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eightcap cta image2

How to Start Trading
with Eightcap

Founded in 2009 and based in Melbourne in Australia, Eightcap is regulated by ASIC (the Australian Securities and Investment Commission), as well as the VFSC (the Vanuatu Financial Services Commission). This online platform is proud to promote itself as a MetaTrader-only broker with access to Capitalise.ai’s algorithmic trading platform and support offered for many third-party plugins.

Although Eightcap has an excellent crypto offering in terms of cryptocurrencies, it currently has lack a dearth of high-quality educational content. Featuring , minimal research material for users, and only a limited market coverage, it is left  leave it trailing behind some of the other available forex trading platforms at present.
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Open an Account
Visit the Eightcap website to get started. When creating an account, you must supply your name, date of birth, home address, national tax number, and contact information.

Confirm Identity
When you create an account, you will be required to submit a scanned colour copy of your driver’s license, passport, or national ID and a recent utility bill or bank statement as proof of your address.
Deposit Funds
You can deposit money anytime from anywhere in the world, using only a smartphone or computer with an internet connection. Simply go to the Client Portal area and select “Deposit” from the menu to make a payment.
Search for Asset
Once funds are deposited in your account, simply use the search box to find assets. 




Buy Asset
To begin trading, select ‘New Order.’ There are then several customisation options available, so you can arrange your trade however you like.
How to Sell on Eightcap
Once you have filled in the form, you are now almost ready to place your order! You can go short (sell) on your selected asset by clicking the “sell” button, and the order will be placed.

Frequently Asked Questions

Here are some of the most frequently asked questions about Eightcap.
Does Eightcap allow ‘scalping’ and ‘hedging’?
Yes, Eightcap allows traders to use full scalping and hedging techniques when trading.
What is the maximum leverage Eightcap offers?
Eightcap offers generous leverage coverage beginning at 100:1 and rising to a maximum of 500:1. However, always remember to employ leveraged trading with caution, as while it can potentially lead to greater profits, it also considerably increases your exposure to risk.
How many pairs of cryptoactives are available on Eightcap?
Eightcap now offers in excess of 250 pairs of cryptoactives, including both the most popular names and some lesser known ones. This makes the brokerage an attractive one for traders seeking low-cost, high-return coins.
Is Eightcap Reliable?
Yes, Eightcap has been around since 2009. Based in Australia, it’s regulated by the Australian Securties and Investment Commission (ASIC), as well as the Vanuatu Financial Services Commission (VFSC). 
Can I buy cryptocurrencies with Pix at Eightcap?
Yes, Eightcap offers a range of ways to purchase cryptocurrencies like Bitcoin. Pix is one of these ways, as is PayPal and Boleto. 
eightcap cta image3

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Trading Platforms UK offers countless trading features and tools to deliver a smooth and easy trading experience for new and veteran traders. Sign up today!
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