Eightplus.com

Overview

Eight Plus Capital Ltd, known as Eightplus.com, is a brokerage company headquartered in Cyprus and licensed by CYSEC. The broker requires a minimum deposit of $200 (in either USD or EUR) and offers professional traders leverage of up to 1:100. Spreads are variable, starting from 0.1 pips. Eightplus.com supports trading on MetaTrader 4 (MT4) for both Windows and Mac. Clients have access to diverse asset classes such as CFDs, Forex, Cash Indices, Spot Metals, Cash Energies, Stocks, and Cryptocurrencies. The broker provides several account types to suit different trading needs, along with demo and Islamic accounts. Customer support operates 24/5 via email and phone, with funding options including Bank Wire, Skrill, and Neteller. However, traders should note that no educational tools are available.

• Registered Country/Area: Cyprus

• Company Name: Eight Plus Capital Ltd (formerly Acier FX Ltd)

• Regulation: CYSEC

• Minimum Deposit: $200 (available in USD or EUR)

• Maximum Leverage: Up to 1:100 (for professional traders)

• Spreads: Variable, starting at 0.1 pips

• Trading Platforms: MetaTrader 4 (MT4) for both Windows and Mac

• Tradable Instruments: CFDs, Forex, Cash Indices, Spot Metals, Cash Energies, Stocks, Cryptocurrencies

• Account Types: Multiple account options with unique features

• Demo Account: Available

• Islamic Account: Accessible upon request

• Customer Support: 24/5 support via email and phone

• Payment Methods: Bank Wire, Skrill, Neteller

• Educational Resources: Not provided

Regulation

Eight Plus is supervised by CYSEC, ensuring compliance with financial industry rules and investor protection standards. CYSEC regulation provides a level of transparency and accountability, offering traders greater trust in the broker’s services.

Pros and Cons

Pros

• Regulated by CYSEC, ensuring credibility

• Wide variety of market instruments

• Competitive spreads starting from 0.1 pips

• Flexible leverage options

• MT4 trading platform (user-friendly, stable)

• 24/5 customer support

Cons

• No built-in educational resources

• Potential withdrawal fees for certain methods

• Limited information on support beyond email/phone

Market Instruments

• CFDs (Contracts for Difference): Allow traders to speculate on asset price movements without owning the underlying asset. Useful for diversification and taking advantage of both rising and falling markets.

• Forex (Foreign Exchange): The global currency market operates 24 hours, giving traders opportunities to trade major and minor currency pairs.

• Cash Indices: Represent groups of stocks to reflect broader market trends. Helps traders assess the performance of specific sectors or regions.

• Spot Metals: Includes gold and silver, often used as safe-haven assets and hedges against economic uncertainty.

• Cash Energies: Covers commodities like oil and natural gas, influenced by demand, supply, and geopolitical conditions.

• Stocks: Traders can access shares of publicly traded companies for potential growth and dividends.

• Cryptocurrencies: Includes Bitcoin, Ethereum, and other digital assets. Highly volatile but increasingly used for diversification.

Account Features

• Minimum Deposit: $200 (USD or EUR)

• Standard Leverage: Up to 1:30

• Professional Leverage: Up to 1:100

• Minimum Trade Size: 0.01 lots

• Spreads: From 0.1 pips

• Commission: None on standard accounts

• Islamic Account: Available (swap-free)

• Strategies Supported: Hedging, scalping, Expert Advisors (EAs)

• Dedicated Support: Account manager available

• Extras: Access to technical reports, customer service, and IT support

Leverage

Eightplus.com offers leverage up to 1:100 for professional accounts. Leverage increases potential returns but also magnifies risk, so traders should apply it carefully depending on their strategy and risk appetite.

Spreads & Commissions

• Spreads: Variable, starting as low as 0.1 pips. Spread levels may tighten under high liquidity but can widen depending on market conditions.

• Commissions: Standard accounts are commission-free. However, specialized accounts with enhanced conditions may involve commission charges.

Deposit & Withdrawal

• Bank Wire: Reliable, deposits processed within one business day. Withdrawals may take 4–7 business days. Fees range from €5–€15.5 depending on the bank.

• Skrill: Instant deposits within working hours, no deposit fees. Withdrawals processed within one day, but a 1.8% fee applies after three free withdrawals.

• Neteller: Similar to Skrill, fast deposits and withdrawals within one day. Same 1.8% withdrawal fee after three free transactions.

Trading Platforms

Eightplus.com provides MetaTrader 4 (MT4) for both Windows and Mac. Features include:

• STP/ECN trading environment

• A wide variety of currency pairs

• Expert Advisor (EA) support for automated trading

• Advanced charting tools and multiple indicators

• Hedging and scalping allowed

• 24/5 customer support
  MT4 for Mac offers seamless installation and usability, making it a strong option for traders of all experience levels.

Customer Support

The broker offers 24/5 customer service via:

• Email: support@eightplus.com

• Phone: +357 22531111

Eightplus.com is a CYSEC-regulated broker based in Cyprus. It offers access to CFDs, Forex, Cash Indices, Spot Metals, Energies, Stocks, and Cryptocurrencies. Traders can open accounts with a minimum of $200, enjoy competitive spreads from 0.1 pips, and trade on MT4. Accounts include demo and Islamic options, with leverage up to 1:100 for professional traders. Funding is available through Bank Wire, Skrill, and Neteller, though withdrawal fees may apply. While the platform is robust, the absence of educational resources may be a drawback for new traders.

FAQs

Q1: What is the minimum deposit requirement?
A1: $200 (USD or EUR).

Q2: Does MT4 support automated trading with Expert Advisors (EAs)?
A2: Yes, MT4 allows the use of EAs.

Q3: How fast are Skrill deposits?
A3: Typically within one hour during working hours.

Q4: Are Islamic accounts available?
A4: Yes, swap-free Islamic accounts are available on request.

Q5: What is the maximum leverage available?
A5: Up to 1:100 for professional traders.