Eightcap Review

Eightcap Forex Overview

Established in Melbourne, Australia in 2009, Eightcap was founded with a straightforward mission: to deliver outstanding financial services to our clients. This core principle continues to be the cornerstone of all our operations at Eightcap, playing a crucial role in our success. In this Eightcap review, we will learn more about the platforms features and why it is known as one of the best online trading platorm.

Eightcap is a renowned forex broker that provides a user-friendly online platform for trading various financial instruments including forex, commodities, indices, and shares. Equipped with advanced technology and analytical tools, Eightcap offers both MetaTrader 4 and MetaTrader 5 platforms, allowing traders to conduct their business with ease and efficiency. The company is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a secure and transparent trading environment. Besides, it also offers competitive spreads, a range of account types, and excellent customer support, making it a preferred choice for both novice and experienced traders worldwide.

Free Demo

Min $100

MT4 & Mt5

FxPro Review

Eightcap Account Types

TradingView Account

• World’s largest trading network
• Advanced charting package
• Proprietary Pine-Script language
• Minimum deposit of $100
• Spreads from 1.0 pips
• No commission
• Trade size of 0.01/100 lots

Eightcap Demo Account

The Eightcap Demo Account is a practical tool designed for individuals who are interested in online trading but want to practice and understand the dynamics before investing real money. It simulates a real trading environment, allowing users to experiment with virtual funds, learn about market trends, and develop trading strategies without financial risk. Eightcap broker offers a realistic trading experience with live market conditions, helping potential traders build confidence and gain insights into the world of trading. It’s an invaluable resource for beginners and experienced traders aiming to hone their skills and test new strategies.

Eightcap Islamic Account

The Eightcap Islamic Account is specifically designed to comply with the principles of Islamic law, which prohibits earning or paying interest on loans or deposits, a concept known as Riba. The Eightcap Islamic Account, also known as a swap-free account, eliminates the swap or overnight interest charges typically associated with regular trading accounts. As such, it is an ideal choice for Muslim traders who wish to engage in online trading activities while adhering to their religious beliefs.

Eightcap Review – Trading Assets

Eightcap forex is a trading platform that offers a range of different assets for trading. These include:

• Forex: This refers to foreign exchange trading. It’s the process of changing one currency into another, primarily for commerce, trading, or tourism. Eightcap allows you to trade various currencies and take advantage of the price movements in the forex market.
• Commodities: These are raw materials or primary agricultural products that can be bought or sold. The commodities market in Eightcap includes precious metals like gold and silver, energy sources like oil and gas, agricultural products like wheat, coffee, and sugar, and more.
• Indices: These are a measure of the price performance of a group of shares from a specific exchange. Eightcap provides access to trade on major global indices like the Dow Jones, FTSE 100, DAX 30, and more.
• Shares: Also known as equities, shares represent ownership in a company. Eightcap broker enables its users to trade shares from a variety of companies across multiple industries around the world.
• Cryptocurrencies: These are digital or virtual currencies that use cryptography for security. Cryptocurrencies like Bitcoin, Ethereum, Ripple, and others are available for trading on the Eightcap forex platform.

Eightcap Trading Platforms

TradingView

With TradingView, you can engage in trade using over 15 customizable chart types, such as Kagi, Renko, and Point & Figure. It also allows you to use up to 8 synchronised charts per tab, including symbols, time intervals, and over 90 smart drawing tools.

Access an extensive range of leading technical indicators and popular pre-built ones based on standard industry formulas. You also have the option to choose from over 100,000 community-built indicators or create your own using the user-friendly Pine-Script language provided by TradingView.

Alerts on categories like price levels, indicators, and custom indicators can be set up with at least 10 different types of alert conditions on every available category. For on-the-go trading, link your Eightcap Account to the TradingView mobile app available on both iOS and Android platforms and react to market volatility with just a few taps.

How to Connect your Eightcap Account with TradingView?

• During the application, create your Eightcap login and select TradingView as your platform.
• On TradingView, open a chart and select the ‘Trading Panel’ tab.
• Select Eightcap from the list and proceed to follow the instructions to link your new Eightcap account details.

TradingView Download for PC App Advantages

• Improved Performance: TradingView’s downloadable version offers superior performance and quicker loading times compared to its web-based counterpart.
• Offline Access: The downloaded version of TradingView allows you to access charts, indicators, and other features even without an internet connection, guaranteeing continuous analysis and trading.
• Application Specifically for TradingView: The desktop application is exclusively designed for TradingView, providing a more personalized experience without requiring a web browser.
• Ease of Use and Access: When you download TradingView, the platform becomes instantly accessible on your desktop for market analysis or trade execution whenever you need it, adding to your convenience.

MetaTrader 4

Experience completely flexible trading with MetaTrader 4 and enjoy trading CFDs with up to 6 types of pending orders and Market execution. With the help of trading robots, you can monitor financial instruments round the clock. Utilize MT4’s powerful Expert Advisors (EAs) to never miss a market movement. Experience the full power of MT4’s analytical functions with technical analysis tools that include 30 built-in indicators, 2,000 free custom indicators, and over 700 paid ones, enabling you to analyze markets of any complexity level.

The Eightcap MT4 platform upholds the highest security standards with secure data exchange between the client terminal and platform servers, using 129-bit encryption for transfers between brokers’ servers and clients’ terminals. The platform supports RSA digital signatures and an advanced SSL certification process. MetaTrader 4 provides 24 analytical objects, including lines, channels, the Gann and Fibonacci tools, shapes, and arrows. You can download MT4 for Windows, Mac, iOS, and Android.

MetaTrader 5

Stay on top of market movements by creating trading robots that follow your script and monitor financial instruments around the clock. Use MetaTrader 5’s Expert Advisors (EAs) to automate your trading and analytical operations with their easy-to-use MQL5 Wizard interface. MetaTrader 5 provides a robust and flexible trading system, boosted by advanced market depth features like separate accounting for orders and trades, and full support for trading orders and execution nodes. Study short-term price variations and long-term trends.

Monitor up to 100 charts of your chosen instruments with a charting system that offers 21 time-frames and over 80 built-in technical indicators. MetaTrader 5’s economic calendar features over 600 macroeconomic indicators that impact the world’s 15 largest economies, including the USA, Europe, Japan, Canada, Australia, China, and more. Download Eightcap MT5 on Windows, Mac, iOS, and Android devices.

Eightcap WebTrader

The Eightcap WebTrader Platform is a sophisticated online trading platform designed to facilitate seamless trading experiences for users. It offers access to numerous financial markets worldwide, allowing users to trade various financial instruments like forex, indices, shares, and commodities. This platform is renowned for its user-friendly interface, advanced charting tools, and live price feeds, which help traders make informed decisions. The Eightcap WebTrader platform can be accessed from any web browser without the need for software installation, making it convenient for on-the-go trading. It also offers a range of features such as stop loss, take profit, and real-time balance check for effective risk management.

Eightcap Trading Tools

Acuity Calendar – AI-Powered Economic Calendar

The Acuity Economic Calendar provides comprehensive coverage of global macro-economic events. It offers new trading ideas swiftly and conveniently from over 100 countries and 1000+ economic events. This calendar gives you a detailed overview of significant global events that affect financial markets, equipped with features to manage market volatility due to these events.

Advanced AI filtering allows you to personalize areas of interest and brightly colored elements enable quick identification of high, medium and low-impact events. Measure volatility over specific time frames post-event to determine optimal entry and exit positions. Understand potential market movements with price, sentiment and potential range charts for pre, during and post-event periods.

Stay updated with the latest news from FX Street Newswires, providing essential information and expert opinions for informed decision-making. The Acuity economic calendar can run as an EA tab on the MT4/5 Research Terminal, allowing access to news, sentiment data and other features in one window.

FlashTrader

FlashTrader simplifies your trading strategy by automatically adding stops and targets to every trade. It allows you to take profits on half of your position, then immediately shifts the stop to break-even, targeting a potentially larger second profit level. With FlashTrader, you can risk the same deposit regardless of whether the instrument is priced at 1 or 10,000, making risk management easier. It helps you equalize your size and target multiple profits with one-click trading, instantly and automatically.

To download FlashTrader, simply go to your Client Portal in a live Eightcap MT5 trading account and download it for lifetime access. Please note that this tool is exclusively designed for the Eightcap MetaTrader 5 platform.

Capitalise.ai

Use automation to remove emotional bias from your trading decisions. Establish a robust trading plan rooted in pre-set conditions, thereby eliminating human errors driven by fear, uncertainty, or doubt. Implement trading strategies that continuously monitor the markets, freeing you from the task. Develop automated strategies that activate based on specific conditions or select from a wide range of templates for maximum flexibility. You can create automated trading solutions without any coding knowledge, based on macroeconomic events, time-frames, and other technical indicators using straightforward language.

You can also utilize popular strategies from a comprehensive template library. Make every move count by crafting custom smart alerts based on pre-set trading conditions and market situations. Stay updated with real-time notifications wherever you are. Enhance your trading strategies with a swift, risk-free backtest, using authentic historical market data to gauge your strategy’s performance in a safe environment. Don’t be confined to your desktop. Receive real-time market and strategy performance updates 24/7. Respond quickly to market situations and adjust your strategies on the move with the Capitalise.ai Mobile App.

To gain access to Capitalise.ai, create an MT4 account with Eightcap, verify your account by uploading necessary documents, and link your account with Capitalise.ai.

ForexVPS

Experience the ultimate in adaptable and flexible trading with ForexVPS. Log into your trades from a virtual desktop anytime, anywhere, and on any device. Stay ahead in the forex markets with the high-speed connection and carry out trades in an instant at blistering speeds with extremely low latency levels. With Virtual Private Servers, there are no physical components to worry about. You can forget about downtime or disruptions due to power outages or other interruptions.

ForexVPS will keep running, irrespective of the network connection. The virtual hosting environment of ForexVPS is perfect for algo and high-frequency traders, or traders who wish to run EAs 24/7 without having to manage them on their own computers. Lower your trading costs with our competitive and transparent spreads on various markets that are up to five times cheaper than other leading forex brokers.

To get the FREE VPS, simply open a live Eightcap trading account and deposit a minimum of $1,000. Maintain a monthly minimum of 5 lots traded per month to enjoy the free VPS as long as you meet the conditions. Please note, ForexVPS is not available for Australian clients.

Eightcap Deposit Options

Eightcap broker provides several deposit options to cater to the diverse needs of its users.

• Bank Transfer: This is one of the most common ways to fund your Eightcap account. You can transfer funds directly from your bank account to your Eightcap account. The processing time for bank transfers may vary based on your bank, but it typically takes 2-5 business days.
• Credit/Debit Cards: You can also use your credit or debit card to make deposits into your Eightcap account. This is a convenient option for many people, as it allows you to fund your account instantly. However, please note that there might be a small transaction fee associated with card deposits.
• E-Wallets: If you prefer not to use your bank account or credit/debit card, you can use various e-wallet options to fund your Eightcap account. These may include popular e-wallet services like PayPal, Skrill, or Neteller. The processing time for e-wallet deposits is usually instant, making it a quick and convenient option.
• Cryptocurrencies: Eightcap also accepts deposits in the form of cryptocurrencies. This is a unique feature that sets them apart from many other trading platforms. You can use cryptocurrencies like Bitcoin, Ethereum, and others to fund your account. The processing time for cryptocurrency deposits can vary, but it is typically quite fast, often taking just a few minutes.

Please note that while Eightcap does not charge any deposit fees, your bank or e-wallet provider may charge a fee for the transaction. The Eightcap minimum deposit is $100 for all account types. Always ensure to use a deposit method that matches your trading account’s name to avoid any issues with your transactions.

Eightcap Withdrawal Options

• Bank Transfer: This traditional method of withdrawal involves transferring money directly from your Eightcap account to your bank account. It is a secure method, but the processing time may vary depending on your bank’s policies and operations. Typically, it can take anywhere between 2 to 5 business days for the funds to reflect in your account.
• Credit/Debit Cards: Another popular method of withdrawal is via credit or debit cards. The processing time for this method is usually quicker than bank transfers, often taking up to 2 business days. However, this also depends on your bank’s policies. It’s also worth noting that the card you use for withdrawal must be the same as the one used for depositing funds into your Eightcap account.
• E-Wallets: Eightcap also supports various e-wallet options for withdrawals, including Skrill and Neteller. This method is typically the fastest, with funds often being available within 24 hours. However, please note that you may need to verify your e-wallet account before the withdrawal can be processed.
• Cryptocurrencies: With the increasing popularity of digital currencies, Eightcap has also included this as a withdrawal option. The processing time may vary depending on the cryptocurrency network traffic and can range from a few minutes to several hours. Some of the cryptocurrencies that can be used for withdrawals include Bitcoin, Ethereum, and Litecoin.

Please note that while Eightcap does not charge any fees for withdrawals, third-party charges may apply, depending on the withdrawal method used. Additionally, the minimum and maximum withdrawal amounts may vary based on the withdrawal method chosen. It’s recommended to visit the Eightcap website or contact their customer service for specific details.

Eightcap Review – Research and Education

Eightcap Labs

Eightcap Labs provides extensive research and development in the field of trading. They offer a wide range of resources that help users understand and navigate the world of trading more effectively.

• Their ‘Study Trading Fundamentals‘ resource provides comprehensive information, both for beginners and experienced traders, about the basic principles of trading. This includes understanding trading terminology, reading market trends, making sense of economic news, and managing trading risks.
• The ‘Trading Strategies‘ resource offers detailed insights into various trading strategies that can be employed in different market situations. This could be short-term trading strategies like day trading and scalping, or long-term strategies like position trading and swing trading.
• Eightcap Labs also offer ‘e-Books and Guides‘ that are aimed at providing in-depth knowledge about various aspects of trading. These resources are presented in an easy-to-understand format and cover topics ranging from basic trading concepts to advanced trading techniques. They serve as valuable educational materials for both novice and seasoned traders.

In summary, Eightcap Labs provides a plethora of resources for understanding trading and developing effective trading strategies. Whether you are a beginner wanting to learn the ropes, or an experienced trader looking to refine your strategies, Eightcap Labs has something for you.

Trade Zone

Eightcap Trade Zone is an online platform that provides various resources and tools for traders. Here are some features of this platform:

• Trading week ahead (Live): This feature provides users with a live update on the trading week ahead. It includes information on the expected market trends, potential investment opportunities, and any upcoming economic events that could impact trading. This live feature allows traders to stay updated and make informed decisions in real time.
• Trading Outlook (Video): These videos can provide visual and auditory learners with insights into market trends, forecasts, and potential trading strategies. The videos are typically presented by experienced traders or market analysts, providing users with expert insights and advice.
• Trading Ideas (Article): Users can access articles that offer trading ideas based on current market conditions and forecasts. These articles can provide inspiration for trading strategies and help users to identify potential investment opportunities. The content of these articles is often based on detailed market analysis and expert opinions.

With these features, Eightcap Trade Zone aims to equip traders with the necessary tools and information to navigate the financial markets successfully.

Events and Webinars

Eightcap offers a variety of educational and informational resources for its users. One such resource is its events and webinars, which are designed to offer traders insights, strategies, and knowledge to help them navigate the often-complex world of forex trading.

• Events: Eightcap periodically organizes events, both online and offline, for its users. These events are typically focused on providing practical knowledge about trading, market trends, and new strategies. They also provide an opportunity for users to network with other traders, share experiences, and learn from each other. The events might feature guest speakers who are experts in the field of forex trading or finance, thus providing a valuable learning opportunity.
• Webinars: Offers online webinars which are essentially online seminars. These webinars can be accessed by users from the comfort of their homes. Like their events, the webinars are also focused on imparting knowledge about forex trading. They might cover topics like trading strategies, risk management, technical analysis, market updates, etc. The webinars are usually conducted by experienced traders or market experts who share their insights and experiences.

Both Eightcap events and webinars are designed to empower users with the knowledge and skills they need to succeed in forex trading. They are a valuable resource for both novice and experienced traders. Users can check the Eightcap website or app for information on upcoming events and webinars.

Regulations

• Eightcap Global Limited, regulated by The Securities Commission of The Bahamas (SCB) (SIA-F220).
• Eightcap Pty Ltd (ABN 73 139 495 944) is regulated by the Australian Securities and Investments Commission (AFSL 391441).
• The Financial Conduct Authority, under the FRN 921296, authorises and regulates Eightcap Group Ltd. This company is registered in England and Wales with the registration number 12448314. Its registered address is 40 Gracechurch Street, London, EC3V 0BT.Eightcap Limited, with the registration number 196744, is registered in the Seychelles.
• Eightcap EU Ltd, a company registered in Cyprus under the Registration Number HE329922, operates under the authorization and regulation of the Cyprus Securities and Exchange Commission (CySEC). It holds the license number 246/14. The company’s registered office is located at Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

EIghtcap Review – Conclusion

After thorough evaluation and analysis, the final verdict on Eightcap Forex and CFD broker is positive. The brokerage firm stands out for its transparent and competitive pricing, diverse trading platform options, and excellent customer service. It is regulated by top-tier financial authorities, providing a secure environment for investors. Moreover, Eightcap broker offers a vast range of educational resources, making it suitable for both novice and experienced traders. Its advanced technology and user-friendly interface make trading seamless and efficient. However, it is always advisable for potential investors to conduct their own due diligence before choosing a broker.

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