Eightcap review, 2021 Update

Eightcap Guide – Read our In-Depth Eightcap Review

This Eightcap review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this Eightcap review does not apply to US users.

This Eightcap review contains the latest information about Eightcap.

If you are a new entrant in the world of trading and broker, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You will acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who will be clear with you constantly.

In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program will generate hefty returns. Eightcap is one such platform which will take you along with your investment into great heights. It is important to know all about Eightcap before you trust them with your cash.

Our full Eightcap Review covers all you will need to learn about trading with Eightcap. A good broker can multiply your first investments and provide you positive profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment goals.

There's absolutely no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It's a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, initially, can set your investments at risk.

Eightcap is a broker which has found its way successfully to the brokerage world. In this review, we have tried to collate some of the vital aspects of Eightcap. This review will allow you to understand whether Eightcap is a good fit for your investments or not. We have attempted to breakdown all the qualities and fees for your convenience.

Who are Eightcap?

Eightcap is a foreign exchange broker headquartered in Australia and provides a range of instruments for online trading. Since its inception in 2015, Eightcap has emerged as a leading player in the industry of online brokerage. Eightcap has a highly aggressive and full-featured trading website that is focused on currency, indices, metals, stocks and commodities.

Over the past 6 years, Eightcap has grown into one of the leading online brokers.

After launching in 2015, their customer base has become as big as 10,000+ clients.

Eightcap is the favorite of many dealers.. Our Eightcap review discovered that they're an superb choice for automated trading options. It is best suited for investors who are looking for an assortment of assets. Social and automated trading solutions are the heart at Eightcap.

Technology plays a significant role at Eightcap. Eightcap features trading on MT4, Tablet & Mobile apps. Eightcap is honest, transparent, and a well-regulated broker by the Australian Securities and Investment Commission (ASIC). Their outstanding variety of resources will be beneficial for the majority of traders. Third-party partnerships also provide in-house research.

If you feel that Eightcap is not right for you then at the bottom of this Eightcap review you wil find a lot of alternatives to Eightcap.

What you ought to know about trading with Eightcap

Eightcap is a dynamic platform that provides various methods of trading online. These tools cover the monetary markets substantially. The Majority of the broker platforms offer less methods than Eightcap

If you wish to exchange with Eightcap, you'll require a minimum deposit of $100. This deposit is required if you want to begin trading with Eightcap. This 2021 Eightcap review will direct you safely about trading with them.

Eightcap is as flexible as another brokerage platform. Eightcap is excellent for traders who want a manageable variety of low-cost services. The platforms provided by Eightcap are third party, white-label offerings. All traders can choose out of MT4, Tablet & Mobile apps.

Together with everything, Eightcap has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a transaction must be kept open. The agents provide premium customer service which rewards customers with benefits.

Many unprofessional brokers try to pressurise users into bigger funding for premium services. Eightcap, on the other hand, is more concentrated on trading volume. Traders can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the greater benefits will come along.

Eightcap accounts are available around the world and provides quality service wherever they have clients. There are only a select few countries where Eightcap accounts are not available. Traders in the following countries cannot open or use a Eightcap account:

Is Eightcap Safe To Trade With?

Established in 2006, Eightcap has been in operation for 6 years, they are headquarted in Australia.

Eightcap is regulated by Australian Securities and Investment Commission (ASIC). These figures have rules that mandate that trading platforms have steps in place to maintain investor's assets procured. This means that Eightcap users don't need to be worried about their money since it is segregated and safely kept in banks that are established. SSL encryption secures every user's private information as well.

You are able to make use of an option for 2 Factor Authentications (2FA) with Eightcap for heightened security. An SMS for the verification code will be sent to your phone. You'll be required to enter this code to log in to your account.

Another concern with fiscal brokers is in regards to security may be manipulation of trading. This is highly disadvantageous for consumers on those platforms. However, this is much more widespread in the example of Market Maker brokers who compete with customers on the stage.

Pro's & Con's Of Trading With Eightcap

Every online trading platform will have some pros and cons Eightcap review would be complete without showing both sides. This Eightcap review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

Eightcap Review - Compare Brokers Similar To Eightcap

Eightcap Review - Regulation And Licencing In More Detail

Eightcap is regulated by Australian Securities and Investment Commission (ASIC).

Eightcap, as a business, has a strong set of rules for ensuring fair trading onto its own platform. For data encryption purposes, it provides an industry-standard secure socket layer (SSL).

As per the company's privacy regulations, client information is to not be shared with some other institutions or individuals. This includes credit history and other financial information.

Eightcap Review - Awards

At the time of writing this Eightcap review, they had not received any awards.

Eightcap Review - Minimum Deposit Required

The minimum deposit that you must deposit to begin on Eightcap is $100. This is an adequate amount for those just beginning. You can create more advanced deposits as you cooperate. But, ensure you understand how to make the most of your cash before investing in larger amounts.

Eightcap Review - Commission And Fees Explained

Eightcap is an online broker platform, and most online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker is not necessarily influenced by the number of clients they have.

But this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily three types of penalties for this objective.

The first kind of charges to look out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions could be fixed or dependent on the traded volume. On the flip side, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people that are charged when you maintain a leveraged position for longer than daily.

Apart from trading charges, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.

Generally, Eightcap doesn't charge high fees in comparison to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly trade, for example daily or weekly trading.

But, non-trading fees billed by Eightcap are comparatively competitive. As a result, you're charged more for non-trading actions on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.

This Eightcap review breaks down every one of the relevant non-trading fees for you in detail.

Compare broker fees against Eightcap

Eightcap Review - Withdrawal Fees Explained

Eightcap charges a withdrawal fee if you create a bank transfer. Each time you transfer money back into your bank account, these withdrawal charges become applicable.

Withdrawal of cash is possible at any time from your Eightcap account. It's possible to draw sums up to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't necessarily need to have any cash on your account.

Moreover, the withdrawn money will be moved directly to the account you use to create deposits. Thus, in the event that you used a credit card for deposits, the withdrawn money is going to be sent to the card. Eightcap will ask you to provide other withdrawal methods if your details have changed since your deposit.

There is a minimum withdrawal amount. In the event you are withdrawing money in various currencies from USD, a conversion fee is also important. The conversion fee will depend on the currency you're opting to withdraw in.

Eightcap Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions that run through your head when open an account with Eightcap. An inactivity fee is an amount charged to registered traders who have not engaged in purchasing or selling for a while. The period considered inactive is determined by the broker.

The inactivity fee also differs from 1 agent to another and isn't standardized. If a dealers account does not have a buying or selling trade, it's maintained by the broker as an inactivity fee. The traders need to pay this commission under conditions and terms that they had consented while registering.

Eightcap doesn't charge inactivity fees so you are free to pop in and out of your account as needed

Even if no charges are indicated by Eightcap, it is better that you close the account if you are inactive. Inactivity fees are not just charged by brokerage firms but also many financial services.

For other trading platforms, the inactivity fee is contingent on the sort of account you have chosen. The inactivity fee is exposed to a lot of circumstances and should be revealed clearly by the broker beforehand.

Eightcap Review - Deposit Fees Explained

When you transfer money in your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this particular operation.

Eightcap charges a deposit fee for transferring money into your trading account.

Depositing cash on the Eightcap trading platform is easy. You just have to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity evidence and proof of residency to deposit large amounts.

Eightcap Review - Compare Broker Deposit Methods

What Can You trade With Eightcap?

Note: Eightcap provides many different trading instruments due to regulatory restrictions in many countries. Trading instruments offered can differ depending on the country of residence of the client.

Eightcap has a wide variety of over 100 instruments available for you to trade with.

If trading currency pairs is of interest to you then Eightcap offer over 45 currency pairs.

Compare Eightcap, Binary Mate, Interactive Brokers & Velocity Trade below.

Alternatives To Eightcap

If, after reading this Eightcap review, Eightcap doesn't quite meet your requirements check out these Eightcap alternatives.

Frequently Asked Questions about Eightcap