Eightcap Review & Rating 2024
Introduction
Eightcap is an Australian-based forex and CFD broker that was founded in 2009. The company is regulated by the Australian Securities and Investments Commission (ASIC) and offers a wide range of trading products, including forex, CFDs, shares, indices, and cryptocurrencies. Eightcap is a popular choice for traders in Australia and New Zealand, and is also gaining popularity in other parts of the world.
Eightcap Trading Platforms
Eightcap offers two trading platforms: MT4 and MT5. MT4 is the most popular forex trading platform in the world, and is known for its user-friendly interface and wide range of trading tools. MT5 is a more advanced platform that offers additional features, such as hedging and social trading.
Eightcap Trading Products
Eightcap offers a wide range of trading products, including:
Forex: Eightcap offers over 70 forex pairs to trade, including majors, minors, and exotics.
CFDs: Eightcap offers CFDs on a wide range of assets, including shares, indices, commodities, and cryptocurrencies.
Shares: Eightcap offers CFDs on over 15,000 shares from around the world.
Indices: Eightcap offers CFDs on over 15 major global indices.
Cryptocurrencies: Eightcap offers CFDs on Bitcoin, Ethereum, Litecoin, and Ripple.
Eightcap Trading Accounts
Eightcap offers three types of trading accounts:
Standard Account: The Standard Account is the most basic account type, and is designed for new traders.
Pro Account: The Pro Account is a more advanced account type that offers lower spreads and commissions.
Islamic Account: The Islamic Account is a swap-free account that is compliant with Sharia law.
Eightcap Fees and Commissions
Eightcap's fees and commissions are competitive. The company charges spreads on all trades, and also charges commissions on CFD trades. Eightcap does not charge any deposit or withdrawal fees.
Eightcap Customer Support
Eightcap offers 24/5 customer support via phone, email, and live chat. The company's customer support team is knowledgeable and helpful.
Eightcap Pros
Regulated by ASIC
Wide range of trading products
Competitive fees and commissions
Excellent customer support
Eightcap Cons
Limited educational resources
Not available in some countries
Overall Rating
Eightcap is a reputable forex and CFD broker that offers a wide range of trading products and competitive fees and commissions. The company is also regulated by a top-tier regulator. Eightcap is a good choice for traders of all experience levels.
