Account Type
Eightcap offers three distinct types of trading accounts, each catering to different trading needs and styles:
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Standard Account:
- This account type offers trading without commission, making it an attractive option for traders who prefer not to deal with commission fees.
- Spreads start as low as 1.0 pips.
- The minimum deposit required is $100.
- The maximum trade size is 100 lots.
- Margin Call Level and Stop Out Level are set at 80% and 50% respectively.
- Base currencies available for the account include AUD, USD, and EUR.
- The account is compatible with Expert Advisors (EAs) and allows scalping.
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Raw Account:
- The Raw Account is ideal for traders who prefer tighter spreads and are willing to pay a commission for their trades.
- Spreads start from as low as 0.0 - 0.1 pips.
- The commission is 3.5 AUD, USD, NZD, SGD, CAD, 2.25 GBP, or 2.75 EUR per standard lot traded.
- Similar to the Standard Account, the minimum deposit is $100, and the maximum trade size is 100 lots.
- Margin Call and Stop Out Levels are also at 80% and 50%.
- This account type also supports multiple base currencies, including AUD, USD, and EUR.
- Scalping is allowed, and it's compatible with EAs.
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TradingView Account:
- This account integrates with TradingView, offering advanced charting tools, daily trade ideas, webinars, and custom indicators.
- Spreads start from 1.0 pips.
- There's no commission for trading in this account, except for shares which include commission.
- The minimum deposit is $100, and the minimum and maximum trade sizes are 0.01 lots and 100 lots, respectively.
- Base currencies include AUD, USD, EUR, GBP, NZD, CAD, and SGD.
- Like the other accounts, the TradingView Account allows scalping and is compatible with EAs.