Eightcap Review: India Edition (2024)

Eightcap Review: India Edition (2024)

Navigating the intricate world of forex trading can be a daunting task for both novice and experienced traders alike. With an abundance of forex brokers vying for your attention, selecting a reputable and reliable platform that aligns with your trading goals is paramount. This comprehensive review delves into the intricacies of Eightcap, a forex broker gaining prominence among Indian traders, meticulously examining its offerings to empower you with an informed decision.


Eightcap, established in 2013, is an Australian-based forex and CFD broker, regulated by the Australian Securities and Investments Commission (ASIC), a Tier 1 regulator. The broker caters to a global clientele, including a significant presence in India. Eightcap's value proposition centers on providing competitive trading conditions, a robust trading platform, and a commitment to client education.

Trading Products and Instruments

Eightcap offers a diverse range of trading products, encompassing over 700 forex pairs, commodities, indices, and shares. This extensive selection caters to a wide spectrum of trading strategies, enabling traders to capitalize on various market opportunities.

Account Types

Eightcap provides two primary account types:

  • Standard Account: This account is tailored for beginner traders, offering minimum spreads starting from 1 pip.

  • Pro Account: Designed for experienced traders, the Pro Account features tighter spreads from 0 pips, catering to high-volume traders.

Trading Platforms

Eightcap empowers traders with a choice of two industry-leading trading platforms:

  • MetaTrader 4 (MT4): MT4 is a widely recognized platform renowned for its user-friendly interface, extensive charting capabilities, and vast array of technical indicators.

  • MetaTrader 5 (MT5): The successor to MT4, MT5 offers advanced features, including more sophisticated charting tools and a built-in economic calendar.

Commissions and Fees

Eightcap's pricing structure is transparent and competitive. Traders are charged spreads, which represent the difference between the buy and sell prices of a trading instrument. Spreads start from 1 pip for the Standard Account and 0 pips for the Pro Account. Additionally, a commission of $7.50 per round-trip trade applies to the Pro Account.

Deposit and Withdrawal Methods

Eightcap facilitates a variety of deposit and withdrawal methods, ensuring convenient and secure transactions. Supported methods include:

  • Bank transfer: Deposits and withdrawals can be processed via bank transfers, typically taking 2-3 business days.

  • Credit/debit cards: Deposits and withdrawals are swift and convenient using major credit/debit cards.

  • E-wallets: Popular e-wallets like Skrill and Neteller are supported for quick and secure transactions.

Education and Research

Eightcap prioritizes trader education, providing a comprehensive range of educational resources, including:

  • Forex webinars: Regular webinars conducted by experienced market analysts cover a spectrum of trading topics.

  • Trading guides: Detailed guides delve into various trading concepts and strategies.

  • Video tutorials: Instructional videos provide step-by-step guidance on platform navigation and trading techniques.

Customer Support

Eightcap's multilingual customer support team is available 24/5 via live chat, email, and phone. The team is responsive and knowledgeable, addressing trader queries promptly and efficiently.

Overall Assessment

Eightcap emerges as a compelling choice for Indian forex traders, offering a comprehensive suite of trading products, competitive pricing, robust trading platforms, and a commitment to trader education. The broker's ASIC regulation further enhances its credibility. While the minimum deposit of $100 may not suit every trader, Eightcap's overall offerings cater to a diverse range of traders, from novices to experienced professionals.


Eightcap stands as a reputable and reliable forex broker, particularly well-suited for Indian traders seeking a diverse range of trading products, competitive trading conditions, and a user-friendly platform. The broker's commitment to education and customer support further strengthens its appeal. With its focus on transparency and trader satisfaction, Eightcap is a contender worth considering in the dynamic landscape of forex trading.