Eightcap Review 2024: Complete Forex Broker Review
Eightcap broker is currently one of the leading brokers among forex traders. In 2020, they were awarded the Best Global Forex MT4 Broker 2020 at the Global Forex Awards. In this article, we’re going to overview and rate the overall services of Eightcap.
Company Overview
Eightcap is an Australian brokerage company which was founded in 2009. It is regulated by the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). They now have 5 offices across the globe and have a multilingual client support team.
| Founded in | 2009 |
| Head Office | Melbourne, Australia |
| Regulated by | Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC) |
| Trading Platforms | MT4, MT5 |
| Minimum Deposit | $100 |
Regulation
A regulated broker is needed for the security of your trading account. Eightcap is regulated by both ASIC (Australia) and VFSC (Vanuatu).
Trading Platforms
Eightcap offers both the MT4 and MT5 trading platforms and two account types. They also offer a web version of MT5 which you can use directly from their site. This web version has all the features of MT5.
Eightcap also offers an automated trading tool which is called Capitalise.ai.
Trading Account Types
Eightcap is providing two accounts – Standard and raw. Both accounts require a minimum deposit of A$100. Standard account comes with zero commissions, where the Raw account charge is A$3.50 per standard lot.
Both accounts have different advantages. You can choose the best account for you according to your preference.
Find the full details here – Eightcap Trading Account Types
Trading Instruments
Eightcap gives traders access to more than 450 financial instruments. They have major and minor Forex pairs, commodities, cryptocurrencies and more.
Spreads
Forex major, minor and exotic pairs have a minimum 0.0 pips spread. They have shared all the details of the spread here.
Withdrawals
They usually process withdrawals within 24 business hours. Just submit an online form from the client area and Eightcap will start processing your withdrawals request.
Education
From MetaTrader4 to fundamentals, you can find different educational resources on their site. These free resources can help both new and experienced traders. You can also find market updates, news, insights and guidance from them.
Eightcap Customer Service
Eightcap support team provides support via email, phone and chat in multiple languages. They’re very helpful and respond very quickly. They’re available 24/7 which is great for the traders.
Telephone number – +61 3 8375 9700; +61 3 8373 4800
E-mail – [email protected]
Live chat – Chat service is available on the website
Fore more details, visit – Eightcap Client Support
Customer Reviews
We’ve come across different Eightcap customer reviews from various sites. Trustpilot is one of the trustworthy sites where users share their user experience with different companies and services.
Eightcap got 4.3 score out of 5 on Trustpilot for their services which is a very good number. You can check their Trustpilot score here.
We’ve also researched different sites for eightcap customer reviews and we’ve found they’ve scored 4-4.5 out of 5.
Conclusion
Eightcap is a regulated and trustworthy broker. They’re offering award-winning MT4 & MT5 trading platforms, competitive spreads, fast customer support and more which is suitable for both beginner and experienced traders.