Eightcap Review UK: Overview of Costs, Tools and More

Eightcap is a known CFD and forex broker that has received industry awards. The broker offers traders a wide range of financial instruments within a regulated environment, providing attractive trading conditions.

In this Eightcap review, we will explore what it is, how it operates, its regulatory framework, available products, supported markets, commission structure, trading platform, customer service, reviews, and other essential information for you to start trading on Eightcap.

eightcap

About Eightcap


Eightcap was established in 2009 and is headquartered in Melbourne, Australia. It is primarily a forex broker, but you can also trade other financial assets via CFDs, including commodities, shares, and indices.

Notably, they provide a demo account, which allows you to practice trading. They offer two types of accounts: Raw, tailored for experienced users, and Standard, suitable for beginners. Additionally, they provide two trading platforms: Metatrader 4 and Metatrader 5.

RegulationASIC, CySEC, FCA
Minimum Deposit£100
Inactivity FeeNo
Withdrawal FeeNo
ProductsCFDs (mainly forex, but also commodities, indices, and shares)
Demo AccountAvailable

Is Eightcap Safe?

Eightcap is a safe and regulated broker. Although it is not publicly traded on the stock market, it operates under a multi-tier regulatory framework.

Eightcap is regulated by ASIC (Australian Securities & Investment Commission) in the Australian market. In the UK, it is regulated by the FCA, the Financial Conduct Authority, a financial regulatory body based in the UK. Additionally, it is regulated by CySEC, the Cyprus Securities and Exchange Commission.

Available Products on Eightcap for UK

Eightcap’s trading platform provides various investment opportunities. You can trade forex with access to many currency pairs (major, minor, exotic), cryptocurrencies, stocks, indices, and commodities.

It’s important to remember that CFDs on crypto are banned in the UK. If you want to trade crypto, take a look at our best crypto brokers article instead, which lists multiple brokers that provide access to cryptos in the UK.


Eightcap Group Ltd is an authorized and regulated financial services company under the Financial Conduct Authority (FCA). They offer Contracts for Difference (CFD) trading on more than 600 markets across forex, indices, commodities, and shares. Eightcap’s UK entity is the only specialized TradingView broker in the UK, providing a customized product experience to help traders get the most out of their trading on the TradingView platform.

Markets to Trade With EightCap

At EightCap, you can trade across multiple markets using CFDs. This includes major and minor forex pairs, popular commodities, and widely followed indices. The majority of available CFDs are related to the United States and Australia.

Eightcap Commissions and Accounts Types

Regarding commissions, EightCap offers two types of accounts, each with distinct commission structures. These accounts are tailored to meet the needs of various types of traders. The Standard account is suitable for beginners, and the Raw account is designed for professional and experienced traders. To open either of the accounts, you need to make a minimum deposit of £100.

The main difference lies in commissions:

  • The Raw account has a commission £2.25 fee and a minimum spread of 0.
  • The Standard account doesn’t charge commissions but has a minimum spread starting from 1 pip.

In both cases, the minimum transaction size limit is 0.01, and there are no inactivity fees, which is a positive aspect since many brokers impose such fees nowadays.

Eightcap Platforms: MT4, MT5, and TradingView

EightCap offers three platform choices. The first is Metatrader 4 (MT4), a versatile platform allowing you to trade FX, indices, and commodities on mobile and desktop devices. MT4 offers numerous trading, analysis, and investment tools, including 9 timeframes and 30 pre-installed indicators.

The second option is Metatrader 5 (MT5), which offers 80 pre-installed indicators and tools in 21 timeframes. It is also a reliable platform that is accessible from mobile and PC.

In addition to MT4 and MT5, EightCap provides access to TradingView, a popular charting and trading platform many traders use for its robust technical analysis tools.

Overall, EightCap offers a range of products, markets, account types, and platforms to cater to various trading preferences and experience levels.

Eightcap platforms

Moreover, Eightcap provides additional tools to enhance your trading experience. One of these tools is Capitalise.ai, a popular automated trading platform. It allows you to give trading instructions simply and intuitively, making it ideal for those interested in automated trading without requiring programming knowledge. The best part is that you can create simple and complex trading algorithms for free.

Capitalise.ai

Additionally, you can integrate TradingView with your trading account, enabling you to create charts tailored to your investment strategies. TradingView offers more than 15 customizable charts. You can work with up to 8 charts per tab, ensuring synchronized symbols and time intervals. The platform also offers 50 intelligent drawing tools.

Eightcap Review: Mobile app

EightCap offers mobile apps for both the MT4 and MT5 platforms. These apps provide similar features to the desktop platform, allowing you to trade and monitor your investments 24/7, from anywhere. However, it’s worth noting that trading on small screens may be somewhat challenging, especially when dealing with charts and indicators. You can easily download the app from the Play Store after obtaining your MT4 and MT5 credentials.

Depositing Funds With Eightcap

To start trading, you need a minimum deposit of £100 in your trading account. Eightcap offers various deposit methods, including bank transfers, credit cards, debit cards, PayPal, cryptocurrencies, and other instruments like Fasapay, Neteller, and Skrill.

Deposits are processed instantly with no fees, except for bank transfers that can take up to 3 days. Before making deposits, you must upload your identification documents to verify your identity.

How to Open an Account with Eightcap

Opening an account with EightCap is straightforward and only takes a few minutes. You’ll need to provide basic information such as your email, country of residence, name, and password. After registering, you can customize your account settings to suit your trading preferences.

Eightcap Demo Account

EightCap offers a demo account that allows newcomers to the world of online trading to familiarise themselves with the dynamics of investing using virtual funds. Users have access to 5 million virtual funds, simulating real trading conditions. The default duration for the demo account is 30 days, but you can request an extension.

Eightcap Review: Training and Education

Eightcap offers its registered users countless training opportunities and educational resources, such as webinars and detailed e-books for anyone new to the world of trading or wanting to explore certain topics in more depth.

Customer Service

The customer service experience with EightCap, based on our assessment and user feedback, is positive. You can contact their customer service through three communication channels: phone, email, or chat.

Eightcap Reviews: User Opinions

We have examined user opinions regarding EightCap, and it’s evident that the broker has received favourable feedback from its users. This reflects positively on their service and reliability.

eightcap review

Eightcap Review: Advantages and Disadvantages

Now, let’s summarise the key advantages and disadvantages of trading with EightCap in a concise table:

AdvantagesDisadvantages
Offers both Metatrader 4 (MT4) and Metatrader 5 (MT5) platforms with a range of tools and indicatorsLimited options for commodities, indices, and Forex compared to some other brokers
Access to a wide range of financial instrumentsLimited duration of demo account (but extendable)
Competitive cost structure, ideal for both beginners and expertsLimited choice of commodities
Offers webinars and detailed e-books for traders looking to enhance their skillsMinimum deposit limit
No inactivity fee

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FAQ about Eightcap Broker

Is Eightcap suitable for beginners in online trading?

Yes, Eightcap is suitable for beginners. They offer a Standard account designed specifically for those new to trading, with no commissions and a minimum spread starting from 1 pip. Additionally, their user-friendly platform and educational resources make it accessible for newcomers.

What sets Eightcap apart from other brokers?

Eightcap’s standout feature is its integration with Capitalise.ai, which enables traders to engage in automated trading without any programming knowledge. This feature makes it an excellent choice for traders interested in automated strategies.

Are there any fees for depositing funds into my Eightcap account?

No, Eightcap does not charge transaction fees for deposits. They offer a range of deposit methods, including bank transfers, credit/debit cards, PayPal, and cryptocurrencies, with immediate processing, except for bank transfers, which may take up to 3 days.

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