This review will discuss the features and benefits of Eightcap, a forex broker that is regulated by the top-tier ASIC. This broker offers MT4 and MT5 trading platforms, a demo account, and low CFD trading fees. The main differences between Eightcap and other online forex brokers are their fees and their MT4 and MT5 trading platforms. If you’re new to trading online, the review should be a great resource for you.
Eightcap is a low-risk trading broker
You can find a low-risk trading broker with the name Eightcap. It is an online trading platform that offers Forex trading and CFDs. It is also known for its asset management options. You can find a comprehensive list of resources on its website, including forex analysis. You can also access customer support 24 hours a day, with knowledgeable agents who will assist you with your questions and concerns. But, before you sign up for a low-risk trading broker, make sure you’re clear on the risks and benefits.
To open an account, you need to register with Eightcap. You can do this by clicking on the green “Create Account” button and filling out a short form. Once you have completed the form, create a unique account password. Then, you’ll be prompted to check your email. Once you’ve received the confirmation email, click on the link to verify your account. Then, log into your account and start trading.
One of the biggest benefits of Eightcap is the fact that you can trade cryptocurrencies with low-risk margin requirements. Because cryptocurrencies are not physically delivered, you can’t lose more than your initial deposit. That’s because they’re derivative instruments and are marked to market on a daily basis. However, if you don’t have sufficient margin, you’ll have to top up your position to avoid getting stopped out. With this low-risk broker, you can trade with leverage up to 1:500.
The Eightcap platform works on desktop, mobile and web browsers. It offers access to cryptocurrency CFDs and shares. There are no deposit fees and you can use your account from any location. There are no minimum or maximum deposit amounts and you can use various payment methods such as credit cards, Skrill, or bank transfer. And while the platform is easy to use, there is a learning curve. Beginners will find it easiest to use the mobile app.
Eightcap is regulated by the top-tier ASIC
Licensed by the Australian Securities and Investments Commission, Eightcap offers two types of regulatory protection – the FCA and CySEC. Despite their similarities, both agencies provide different levels of investor protection. The FCA regulates forex brokers and ASIC regulates online stockbrokers. The financial regulators require a forex broker to have segregated client funds from its operational funds, and the ASIC imposes strict regulatory rules. Eightcap adheres to strict financial industry practices and conducts regular audits to ensure compliance.
The Eightcap forex broker is ASIC-regulated and offers tight spreads and full support for the MT4 and MT5 platforms. There are two types of accounts available – a standard and a mini account. Eightcap’s demo accounts are free to use and have no minimum deposit requirements. The company offers free deposit and withdrawals and a large range of tradable assets, including over 250 cryptocurrencies. Eightcap’s customer support is available 24 hours a day, seven days a week from Five Global Offices. Customer support is provided in English, Chinese, Thai, French, Portuguese, and Spanish.
While Eightcap does not charge inactivity fees, it does require its clients to provide a proof of identity before opening a real-money account. It accepts any government-issued ID, as long as it contains a trader’s full name and current residential address. The demo account has a default duration of 30 days, but the brokerage can extend it upon request. You can withdraw profits from your demo account without incurring any costs.
Eight cap was founded in 2009 in Australia, and now serves a global clientele. This non-dealing desk broker has offices in Europe and Asia. The Eightcap website offers a safe, secure, and trusted environment for traders. It also has a multi-currency and multi-lingual platform. This means you can trade in your preferred language, and even utilise expert advisors if you wish.
It offers segregated accounts
A forex broker should offer segregated accounts for investors’ money. This is a legal requirement for Australian financial services providers, and it is also required by some regulatory bodies. This feature protects your money from any broker’s operational funds, in case it goes bankrupt. Eightcap uses tier one banks worldwide to hold client accounts and has external auditors. However, you should understand how this protection works before investing your money.
Eightcap forex broker offers segregated accounts for their customers. These accounts are designed to ensure that traders’ funds are protected in the event of a trading dispute or a regulatory change. Its segregated accounts are governed by strict rules, and you should follow them to avoid losing money. The company also offers a demo account that can be used to practice before you commit real money to an account. The demo environment uses the same price feeds as the live trading environment, so it represents the exact situation of the markets.
The main disadvantage of this broker is that it does not offer bonus funds or promotions. Before trading, make sure you read the terms and conditions of any bonus you receive. Furthermore, eightcap is independently regulated by the Australian Securities and Investment Commission and the Vanuatu Financial Services Commission. If you want to trade with segregated accounts, make sure you know what type of broker you want to choose. A forex broker that offers segregated accounts is a good option if you want to protect your assets from losses.
The trading environment at Eightcap is top-notch, and it offers premium pricing, low latency connectivity, and segregated accounts. Besides, the company uses top-tier banks and a high-quality trading environment. Eightcap also offers MetaTrader 4 and MetaTrader 5 trading platforms, and it is possible to invest in multiple asset classes. Traders can also opt for automated trading functionality, as well as a wide variety of financial instruments.
It offers free deposits
If you’re looking for a free deposit forex broker, you’ve come to the right place. Eightcap is a leading FX and derivatives broker with multiple fee-free deposit options and over four hundred forex currency pairs. They have a mobile app that you can download to trade on the go. This award-winning broker was founded in 2009 and is regulated in Cyprus, the UK, and Australia. Eightcap also offers live support 24 hours a day to help you with any questions or problems you may have.
Eightcap offers customers zero-fee deposit, withdrawal, and inactivity fees. It takes a few minutes to open an account and fund it with a $100 deposit. You can use this to practice trading on a demo account and if you’re ready to deposit real money, you can fund your account with more. You can withdraw your profits any time by transferring them to another account in your preferred currency.
The cash bonus that Eightcap provides clients can be withdrawn whenever they like, and is subject to approval. The good thing about this promotion is that you can participate as many times as you want and you don’t have to wait to claim your bonus. If you refer at least three people to Eightcap, you will receive a bonus of $100. The bonus isn’t advertised, so you may have to discuss it with your personal account manager.
Eightcap is a good choice if you are looking for a forex broker that offers free deposits and withdrawals. They accept credit cards, debit cards, and more. They also accept several cryptocurrencies. Bitcoin and tether are also accepted. There are no fees for deposits and withdrawals at Eightcap, but you will have to pay for the transaction fees if you use a non-Australian bank. And, as mentioned, the platform is user-friendly.
Seven base currencies
One of the most popular options available from a forex broker is Eightcap. They are a large and diverse company that offers an array of services. Besides forex trading, Eightcap offers several educational materials, including a weekly trading week ahead. In addition, they provide technical and fundamental advice through a variety of resources, all accessible under the ‘Learn’ tab. However, many people have reported that they have lost money with this broker.
Eightcap is an Australian-based forex broker that is registered in Australia. They operate out of several offices, including the United Kingdom, Bulgaria, Australia, and China. Eightcap has an offshore entity in Port Vila, Vanuatu, and is regulated by the Australian Securities and Investment Commission and the Vanuatu Financial Services Commission. They also offer an Eco Account option, which matches the commissions you pay to plant trees. This option is available in all of the Eightcap currencies, which means you won’t have to worry about conversion fees when trading in these countries.
Another benefit of working with Eightcap is that it adheres to strict regulations imposed by the ASIC. The company is a market maker broker, so the trading hours are determined by the time zone in each country. As such, the company offers trading in seven base currencies – USD, EUR, GBP, SGD, NZD, CAD, and TRY. You can also choose to have your account in any of these currencies if you prefer.
In addition to accepting seven base currencies, Eightcap has several payment options. These include debit cards, bank transfer, and e-wallets. Eightcap also offers several no-fee payment methods, such as bank wire transfers, which may take a few days. You can deposit and withdraw money using your chosen currency, so choose carefully. There are no minimum deposit amounts and you can even manage your funds easily.
The company’s transparency has earned Eightcap a reputation as a reputable forex and CFD broker. Founded in 2009, the company offers trading solutions to global customers. Eightcap is regulated by the Australian Securities and Investments Commission, Cyprus Securities and Exchange Commission, and The Bahamas’ Securities Commission. Customers can take advantage of raw spreads and other technical features that will make their trading experience a breeze. So, what are you waiting for? Get started with Forex and CFD trading today!
Good spreads
Forex brokers have varying spreads, which will vary depending on the currency pair and the underlying market price. Eightcap forex broker tries to offer minimum spreads for the majority of conditions. Its EUR/USD minimum spread is 0.5 pips, which is lower than the industry average. Spreads on the major indices are 0.5 pips, and those on commodities and cryptocurrencies are 1.0 pips. Traders may also find zero spreads for Ripple and Bitcoin.
The Eightcap group is headquartered in Australia, but there are also subsidiaries in Port Vila, Vanuatu. Their Australian HQ is regulated by ASIC, but the company’s Port Vila, Vanuatu, branch is not. The company has various safeguards and regulatory protection, but investors should know how their money is protected and what happens if it goes bust. For this reason, traders should make sure that they read the terms and conditions and check for any hidden fees.
Spreads are what set forex and CFD trading apart, so it is important to check for good spreads on Eightcap. Spreads begin at zero and increase as the price of the currency increases. A tighter spread means better value. In forex trading, the spreads are what determine value, and in general, the tighter the spreads are, the better. Eightcap has a Standard Account, which allows traders to trade with spreads as low as 1.0 pips, and a Raw Account, which is available for a minimal deposit of $100.
Besides having an MT4 and MT5 platform, Eightcap offers zero commission and a free education package. This Australian forex broker also offers two competitive accounts, and over 250 financial instruments. Eightcap was founded in 2009 in Melbourne and is regulated by ASIC and the Vanuatu Financial Services Commission. This makes it a safe and low-risk trading broker. With a reputable license and competitive spreads, Eightcap is an excellent choice for both new and veteran traders.
The lowest trading spreads on Eightcap are for the major currency pairs, and they are typically one pip in the Standard account. Cross-currency spreads are generally much lower than the advertised spread, and they range between 1.1.4 pips on most major currency pairs. For the most part, the lowest spreads are based on the volatility of the market. A negative balance protection option is not offered, but this is something to look for before choosing a forex broker
It offers MT4 and MT5 trading platforms
If you are in the market for a new forex broker, Eightcap can help you find the right one for your needs. The company offers award-winning trading platforms, fast customer support, and demo accounts for new traders. However, you cannot use these trading platforms if you live in some countries. Therefore, it is best to check the company’s eligibility requirements first before opening an account.
Eightcap is an established internet trader with over a decade of experience in online trading. The company is a managed brand that is dedicated to providing customers with the highest level of service. It also offers an extra insurance policy to make its customers’ investments safer and more secure. Meta Trader platforms are renowned for being flexible and reliable. The eightcap trading platforms offer a variety of trading resources to meet the needs of traders of all skill levels.
MT4 and MT5 trading platforms offer rich content and more customization options. They can be used on laptops, desktops, and mobile devices. The platforms also offer full mobile support, which means you can carry out trading wherever you are. All you need is an internet connection. So, whichever platform you choose, you’ll never have to miss a trade again. So, go ahead and make your trading experience with Eightcap Forex broker!
Another great thing about Eightcap is that it offers a wide variety of educational material. There are guides and tutorials for MT4 and MT5 trading platforms, as well as news updates and daily overviews of the most important financial events. A great resource for beginners and experienced traders alike is the economic calendar. It also features an economic calendar, which you can use to make informed decisions and predictions on the direction of currencies.
It offers a demo account
One of the best ways to learn about forex trading is by opening a demo account. Eightcap has a demo account, which mimics real trading conditions. By default, this account has $50,000 of virtual funds, and allows you to test out their MetaTrader 4 or MetaTrader 5 trading platforms. Although this account is free, it is not recommended for everyone. You should not risk more than the amount of money you have available.
Demo accounts are also referred to as practice accounts. They give you the opportunity to test the waters before committing to a live trading account. Demo accounts are also a good way for beginners to familiarize themselves with the live trading environment, as they can actively participate in trades and develop their strategies. Advanced traders can also use the demo account to explore the Eightcap platform and learn the ins and outs of the trade environment.
Demo accounts are available from most trading platforms. Eightcap offers a demo account for new traders and allows them to practice and develop strategies before moving to real trading. It is possible to withdraw profits for free and most transactions are processed within 24 hours. Demo accounts provide the same trading conditions as real money accounts and contain the same price feed. Typically, demo accounts are 30 days long, but you can request to extend this period by contacting the company’s support team.
Eightcap uses the MetaTrader4 and MT5 trading platforms. Many experienced forex traders have experience with these platforms. They offer an intuitive and user-friendly interface. Their trading platform won Best Global Forex MT4 Broker at the 2020 Global Forex Awards. There are other benefits to trading with Eightcap, such as a 24/7 customer service and a demo account. This means you can test out the platform with simulated money before making your actual investment.
It has low CFD trading fees
If you’re looking for a forex broker with low CFD trading fees, Eightcap might be a good choice. They offer zero inactivity fees, no deposit and withdrawal fees, and a simple account opening process. In order to sign up, you need to provide your name, email address, phone number and upload identification documents. You can then fund your account with as little as $100, and begin trading in the financial markets.
Choosing a forex broker is an important step in your journey to success. Your selection of a forex broker can make or break your success as a trader. Eightcap offers low CFD trading fees and high levels of customer service. Their execution servers are located in Equinix data centres, which are home to most of the world’s financial institutions. As such, you can expect excellent customer support, transparent service, and very low commissions.
Another important feature to look for in a forex broker is whether it’s regulated. Eightcap is regulated in several jurisdictions, which means that your money is safe from misappropriation. It also segregates client funds from company funds, so your money is always kept separate from your broker’s money. It’s also important to look for other safeguards such as negative balance protection policies. Moreover, Eightcap provides a demo account and high-quality articles. Its education section has webinars and offers educational material on a variety of topics.
Besides its competitive CFD trading fees, Eightcap’s brokerage fees are also low. In general, spreads are $0.02 per standard lot, which is slightly higher than the industry average. Despite this, they charge no commissions on major currency pairs. For more information, you can read the product disclosure statement. Eightcap’s pricing model is transparent, with spreads based on top-tier liquidity resources from major financial institutions and banks.
It accepts clients from almost every country
The online trading platform of the Eightcap forex broker is based in Hong Kong and accepts clients from almost every country. Eightcap accepts a variety of popular payment methods, including Visa, MasterCard, and Neteller. In addition, it accepts China UnionPay, PayPal, and POLi. There are some limitations. The broker doesn’t accept third-party payments such as BPAY or Skrill. However, these payment methods are fast and don’t incur any transaction fees. You’ll be required to complete an online verification process before you can withdraw funds.
Eightcap maintains its trading servers in Equinix data centres, which are popular with leading financial institutions. In addition, the pricing offered by Eightcap is sourced from top-tier liquidity providers. The broker offers raw spreads starting at 0.0 pips. Eightcap’s no dealing desk ensures that all trades are executed efficiently and at the best price. Its client support staff are available round-the-clock to answer your queries.
Eightcap offers over 200 financial instruments, including forex and CFDs. The company offers low commission fees and decent minimum dealing spreads on both accounts. The company uses Metatrader suit platform technology and is fully regulated. They also offer a reasonable selection of assets. You can also use a demo account to practice trading before committing any money. However, they do not accept U.S.-based clients.
Eightcap offers a mobile version of their trading platform. Users can access these platforms through their web-based trading platform by visiting Eightcap’s homepage. The app is available on mobile devices and is compatible with the majority of major web browsers. Users can also access the platform using their smartphones via its Twitter feed. MT4 and MT5 have similar layouts on mobile devices. Users can use them to monitor and trade stocks, while MT5 is suited for in-depth technical analysis.
No futures or options trading
No futures or options trading on Eightcap is a major disadvantage for new traders. While the broker’s MT4 and MT5 platforms are excellent, there are limitations when it comes to the trading of futures and options. While the company has a fast customer support system and an excellent demo account, traders from certain jurisdictions should avoid Eightcap. Listed below are some of the advantages of Eightcap forex broker.
No futures or options trading on Eightcap is prohibited in the U.S. The firm has two types of accounts. The Standard account is for standard trades and requires a minimum deposit of $100. The Raw account, meanwhile, has a lower minimum deposit. The company also charges a $3.5 per standard lot traded. Its customer support team is extremely helpful, but it is important to read the terms and conditions carefully before signing up for an account with the company.
Eightcap is a multi-asset trading platform with over 200 trading assets available. Customers can trade in nearly 50 currencies, stock indices, commodities, precious metals, oil, and more. Eightcap offers services in more than 10 languages. Currently, customers can access services in South Africa, the British Virgin Islands, Italy, and Australia. Eightcap offers MT4 and MT5 platforms to their customers.
Eightcap follows ASIC regulations. This Australian broker is a market maker, which means that its trading platform is highly regulated. Its MT5 web platform offers the same features as the desktop version. The web version is easy to use and offers a hassle-free connection to the market. Another benefit of Eightcap is their automated trading tool. Clients can program instructions in plain English to buy or sell a currency when specified. Automated trading strategies are a great way to get started and Eightcap makes it easy for novice traders to develop them without having to know any coding.
Highly regulated
A highly regulated forex broker can offer various safeguards and protections for its clients. The company must be registered with the appropriate financial regulator and offers a variety of protections and safeguards. Eightcap’s clients should know how their money is safeguarded and what happens to their funds in case of the broker going bust. There are several ways to check if a broker is regulated. Below are a few options to consider.
Among the most notable features of a highly regulated forex broker are its extensive range of markets and trading assets. Its trading assets include over 40 major and minor currency pairs. Moreover, it also offers clients the option to trade soft commodities such as wheat and cotton. Eightcap is an Australian company that is based in Melbourne, Australia. Its Australian subsidiary is fully regulated by the ASIC, which makes it one of the world’s most reliable forex brokers.
Aside from offering a wide range of trading instruments, Eightcap also offers a number of free educational posts. These are written by Eightcap’s researchers and contain a variety of graphs, photographs, and illustrations. These posts cover the basics of forex trading, stocks, and spreads. The site also provides Meta Trader guides, which teach you how to download EAs and trade using different metrics. The company has also integrated the most popular social media platforms, including Twitter and Facebook.
Customers who do not possess an official ID or a valid passport can still open an account with Eightcap. During this process, they must answer a few simple compliance questions and confirm their trading experience. Once the verification process is complete, Eightcap users can browse the trading platform immediately. However, they cannot execute a transaction until they pass the compliance process. A demo account is available for clients who wish to practice trading with the help of a virtual account.
Eightcap charges very low commissions on its trading fees. The spread on its EUR/USD, raw, and metals XAU/USD trading pairs is a relatively low 0.2 pips. It also allows leverage to increase gains, but only if you have done your research beforehand. It is also important to note that using leverage is risky and should be done with extreme caution and after careful study. However, this broker has specific limits on leverage, so be sure to check their terms and conditions to determine whether you should use it.