EightCap

Introduction

Eightcap is a forex and CFD broker founded in 2009 in Melbourne, Australia. With over a decade of operation, Eightcap has expanded to Europe, Asia, and the Middle East, serving thousands of traders worldwide.

The broker offers more than 800 financial instruments, including forex, commodities, indices, stocks, and cryptocurrencies, all accessible via popular platforms such as MetaTrader 4, MetaTrader 5, and TradingView. Clients can choose between three account types – Standard, Raw, and TradingView – with a minimum deposit of just USD 100.

Pros and Cons

Pros:

• Regulated by multiple reputable authorities.
• Offers 800+ CFDs, enabling portfolio diversification.
• Competitive spreads and low commissions.
• Multiple powerful platforms: MT4, MT5, and TradingView.
• Free 30-day demo account available.
• Wide range of payment methods and multilingual support.

Cons:

• Limited educational resources.
• No Islamic accounts.
• No social trading options.
• No proprietary platform.
• Inactivity fee applies after 6 months.
• No 24/7 customer support.

Trading Platforms

• MetaTrader 4 & 5: Comprehensive technical analysis tools, Expert Advisor (EA) support, real-time market data, and a familiar interface.
• TradingView: More than 15 customizable chart types, over 90 drawing tools, and the ability to sync multiple charts simultaneously – ideal for advanced technical analysis enthusiasts.

Deposits & Withdrawals

Eightcap supports a wide range of methods including Visa, MasterCard, PayPal, bank transfer, BPAY, Skrill, Neteller, UnionPay, and cryptocurrencies (USDT, BTC, etc.). Processing times are generally fast, with most options free of charge.

Conclusion

Eightcap is a reliable broker regulated by top-tier financial authorities, offering over 800 trading instruments with competitive conditions. With MT4, MT5, and TradingView available, traders have flexible choices.

Although its educational resources are limited and customer support is not available 24/7, Eightcap remains a strong option for both beginners and experienced traders, especially those seeking a transparent, secure, and well-equipped trading environment.