Eightcap Introduction

Eightcap is a well-known global Forex and CFD broker, established in 2009, and has since expanded to five offices worldwide. It is regulated by several authorities, including ASIC, CySEC, and FCA, providing a secure and trustworthy trading environment. Here's a detailed overview of Eightcap:

Trading Instruments and Platforms

Eightcap offers a broad range of over 800 financial instruments across various asset classes like forex, commodities, indices, shares, and cryptocurrencies. It supports popular trading platforms such as MetaTrader 4, MetaTrader 5, and Trading View, catering to a wide range of traders' needs​​​​.

Account Types and Fees

There are two primary account types: Standard and Raw. The Standard account typically has no commission but features higher trading fees, with spreads starting at 1 pip. The Raw account, on the other hand, offers raw spreads (as low as 0 pips for major forex pairs) but charges a commission of $3.50 per side or $7.00 per standard round lot​​​​.

Competitive Spreads and Costs

Eightcap is known for its competitive cost structure, with low forex and CFD fees, particularly if you choose the Raw account. There are no inactivity or withdrawal fees, making it an attractive option for traders looking to minimize costs​​​​.

Customer Service and Support

The broker offers multilingual customer service, available during the trading week through email, live chat, or telephone. It also provides educational resources for new and inexperienced traders, alongside additional tools like AI Economic Calendar, Flash Trader, and Eightcap Trade Zone​​.

Regulation and Security

Eightcap is regulated by reputable bodies such as ASIC in Australia and multiple other regulatory bodies in different countries. It has a clean operational record and is known for its secure trading environment. The broker also provides negative balance protection and segregates client deposits from corporate funds​​.

Additional Features

Eightcap offers daily research and quality educational content. It has won numerous awards, including for its educational resources and trading support. The broker also integrates with Capitalise AI for code-free algorithmic trading, enhancing its technological infrastructure​​.

User Experience

Eightcap supports the MetaTrader 4/5 suite and WebTrader, providing a consistent user experience for both new and experienced traders. The broker's user interface is well-documented and supported by a large user community for online advice​​.