Eightcap Review
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Eightcap Review
2009
Melbourne, Australia
$100
MetaTrader 4, MetaTrader 5
8.9/10
Company Overview
Eightcap is an ASIC-regulated Australian broker offering low-latency MT4/MT5 execution, competitive spreads and a growing suite of algorithmic trading tools.
Regulation & Safety
| Regulator | License | Jurisdiction | Tier |
|---|---|---|---|
| ASIC | 391441 | Australia | Tier-1 |
Regulatory details are public records; verify the exact entity and license number on the official register. This review is independent and not financial advice.
Account Types
Standard (spread-only) and Raw (raw + AU$3.50/lot commission). Both support hedging, EAs and scalping.
Trading Costs — Typical Spreads
| Instrument | Typical Spread |
|---|---|
| EUR/USD | From 0.0 pip + commission |
| GBP/USD | From 0.4 pip + commission |
| USD/JPY | From 0.2 pip + commission |
| Gold (XAU/USD) | From 0.5 pts |
Spreads are typical/indicative ranges and vary by account type, liquidity and time of day. Confirm live quotes on the broker's platform.
Markets & Instruments
Forex, indices, commodities and a focused crypto range. Share CFDs are available but narrower than multi-asset rivals.
Trading Platforms
MetaTrader 4, MetaTrader 5. Account features such as hedging, scalping and Expert Advisors (EAs) depend on the selected entity and account.
Deposits & Withdrawals
Cards, bank transfer, BPAY, POLi, Skrill, Neteller, crypto and China UnionPay. Most deposits are instant and fee-free.
Support & Education
24/5 support. Education is basic; the standout is Capitalise.ai integration for no-code automation and TradingView connectivity.
Who Is Eightcap Best For?
MT4/MT5 traders under ASIC who want raw spreads, low latency and simple automation tools.
Pros & Cons
Pros
- ASIC regulation
- Raw-spread + commission accounts
- Strong MT4/MT5 execution
- Capitalise.ai automation tool
Cons
- Single primary regulator
- No cTrader
- Thin educational content
Verdict
Eightcap is a clean, low-cost MT4/MT5 broker for algo and discretionary traders under ASIC oversight, though a second-tier regulator would broaden its appeal.
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Frequently Asked Questions
Is Eightcap regulated?
Eightcap is regulated by ASIC. Always confirm the specific entity and license on the official regulator register before funding an account.
What is the minimum deposit at Eightcap?
The minimum deposit at Eightcap is around $100. Exact thresholds and payment methods vary by region and entity.
How do I open an account with Eightcap?
You open an account via the official broker site or our affiliate link, complete KYC verification, fund the account, then download MT4/MT5 or the broker platform. This review is informational and not financial advice.
What trading platforms does Eightcap offer?
Eightcap offers MetaTrader 4, MetaTrader 5. Availability depends on your region and account type.
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