EightCap review and ratings

Established 2009
Location Australia Bahamas Seychelles
Regulation ASIC, SCB, SFSA
Offices Melbourne, Nassau, Mahe
Broker type STP | ECN
Leverage up to 1:500
Deposit from 100 USD
Spreads low  low
Platforms Web MetaTrader 4 MetaTrader 5 TradingView
Instruments Currencies Crypto Indices Metals Energies
Funding methods Wire Transfer Credit Cards PayPal Skrill Neteller FasaPay UnionPay Bitcoin Tether Bpay POLi
Type 'Raw' demo (commission: from $3.50 per side)
Login 2145901309
Password 2jcUeuAQ
Server EightcapLtd-Demo3 (
Updated 22.04.2024
Instruments Select the category  

Company information

EightCap group includes 3 related companies.

EightCap AU - located in Australia, regulated by the Australian Securities and Investments Commission (ASIC).
EightCap BS - located in the Bahamas, regulated by the Securities Commission of the Bahamas (SCB).
EightCap SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).

Unfortunately, AU company has been imposed with trading leverage limitations by ASIC since the end of March 2021.
At the same time, BS and SEY companies are free from such restrictions.


EightCap group accepts clients from all over the world, excluding USA and some countries from the OFAC list.

Distinctive features

Trading instruments

Forex broker offers the following underlying assets for trading.

45+ Currency Pairs Based on major and minor world currencies.
6 Crypto Pairs Based on Bitcoin, Bitcoin Cash, Bitcoin Gold, Ethereum, Litecoin, Ripple.
8 Indice CFDs Based on baskets of different blue-chip stocks.
2 Metal Spot CFDs Based on Gold and Silver.
2 Energy Spot CFDs Based on Crude Oil (WTI, Brent).
100+ Stock CFDs Based on shares of AU and US companies.

Comprehensive review

EightCap is an Australian forex & CFD broker headquartered in Melbourne and regulated by the Australian Securities and Investments Commission (ASIC) and offshore by the Securities Commission of the Bahamas (SCB) plus the Seychelles Financial Services Authority (SFSA). Looking up the company in the databases of both of these regulators confirms the broker’s status as a registered and regulated forex broker in both Australia, Bahamas and Seychelles.

In general, Australia is a strong jurisdiction for forex brokers. All brokerage companies regulated there can generally be relied upon, and in the rare event that something goes wrong, a complaint can easily be filed with the very reputable ASIC. Unfortunately, the same cannot necessarily be said about offshore entities, where only very weak regulations are in place for forex brokers and other financial services companies. However, being regulated in an offshore jurisdiction in addition to Australia also means that EightCap can offer better trading conditions, such as leverage up to 1:500, to its non-Australian clients.

The trading instruments that are available from EightCap include a fairly standard range of major and minor currency pairs, major stock index CFDs, a selection of single shares of Australian and US publicly listed companies, as well as a number of popular commodities. Unfortunately, trading in cryptocurrency CFDs is no longer available from this broker.

In terms of trading platforms, EightCap has chosen the traditional path of keeping their clients on the classic MetaTrader 4 or 5 (MT4/MT5). Although offering a proprietary platform may be more exciting to some traders, sticking to the basics certainly ensures a smooth transition from other brokers. In addition, this also ensures access to the vast library of automated trading strategies known as Expert Advisors that are available on both the MT4 and MT5.

Depending on the level you are at as a trader, EightCap offers two different account types to choose from; a Standard account and a Raw account. Among other things, these two account types differ in that the raw account comes with very tight spreads and commissions on each trade (currently $3.5 per standard lot). The standard account, meanwhile, comes with significantly wider spreads and commission-free trading.

Interestingly, both the raw and the standard account is available with a minimum deposit starting from just 100 AUD/USD/GBP/EUR/NZD/SGD (the account’s base currency), which we consider to be a pretty good offer for the raw account in particular.

A nice thing about EightCap is that traders have the option of deciding for themselves how much leverage they would like to trade with. To begin with, all non-Australian trading accounts with EightCap are set up with a leverage of 1:100. However, this can easily be changed inside the MetaTrader platform to anywhere between 1:1 and 1:500. This way, trading leverage can be set to accommodate all types of traders, from the most aggressive to the very conservative types.

The funding methods to choose from when depositing and withdrawing money from a trading account with EightCap includes all the usual options like Skrill, VISA, MasterCard, bank transfer, and even the popular Australian money transfer service POLi. Cryptocurrency deposits are, however, not accepted by this broker.

EightCap’s customer service can be reached via an Australian-registered phone number or email. As many other brokers do, EightCap also has a live chat option on its website that can be used to reach customer support quickly. We also like that EightCap shares its own physical office location on its website, thus helping to build further credibility for the broker.

EightCap’s customer support is available in English, Chinese, Thai, Korean, French, Spanish, Italian, German and Vietnamese languages.

In conclusion, we are of the impression that EightCap could be an interesting choice for anyone looking for higher leverage than what is available from Australian, European and North American forex brokers that are only regulated in their own “onshore” jurisdiction. Following the regulatory tightening in Australia in 2021 that dramatically reduced the amount of leverage traders there could get, an even bigger need has arisen for brokers such as EightCap that are also regulated offshore.

No reviews yet

No reviews from traders yet.