How To Start Trading With EIGHTCAP Broker (My Review)

 What’s up Traders, in this article, we’re going to be talking about How To Start Trading With EIGHTCAP Broker (Forex, CFD & Crypto).

Eightcap is an Australian-incorporated brokerage firm that offers a transparent pricing strategy since 2009 through cheap rates of variable spreads with quotes obtained using technological tools through Equinix servers and data from various top banks or institutions.

Through their reputed Australian headquarters and several regional offices across the world, including the UK, Bulgaria, and Cyprus, Eightcap runs a global business. 

In addition to what it offers to retail clients, this broker offers affiliates, IBs, and influencers technological advantages and collaboration options.

Eightcap strives to create a community for MT4 and MT5 traders and seeks to give them a specialised trading environment. 

Through the renowned MetaTrader platforms, this broker provides access to the most widely used financial instruments, all with quick execution and minimal spreads.

A global CFD and forex broker is Eightcap. Users can easily invest in more than 800 financial instruments with the help of two competitive accounts, the MT4 and MT5 trading platforms, and this service. 

This evaluation, which covers spreads, leverage, as well as the mobile app and demo account, can assist you in deciding whether to join an account.

 

Overview of the EIGHTCAP Company

 

• Trading Platforms
• Assets
• Commissions & Spreads
• Leverage
• Mobile App
• Payment Methods
• Demo Account
• Added Value & Promotions
• Regulation
• Extraordinary Qualities
• Tools for Trading
• Account Types
• Benefits
• Drawbacks
• Trade Times
• Customer Support
• Trader Security
• EIGHTCAP Decision

In 2009, Eightcap was established with its headquarters in Melbourne, Australia. Joel Murphy serves as the organization’s CEO, and it is governed by the Australian Securities and Investment Commission (ASIC) and the Bahamas Securities Commission (SCB).

Eightcap has offices all over the world and employs a sizable, multilingual customer service team with locations, among others, in the UK, Sofia, Bulgaria, China, and Thailand.

 

Trading Platforms

 

• MetaTrader 4
• MetaTrader 5
• WebTrader
• Capitalise.ai

 

MetaTrader 4

The prestigious MT4 platform makes it easy to invest online in currencies, indices, and commodities. It’s a great all-around platform because to its cutting-edge UI, automated trading features, and extensive charting package.

Features consist of:

• 30 built-in indicators, 24 graphical items, 9 timeframes
• Access to Expert Advisors and a free trading robot
• 3 order execution kinds, 4 pending order types
• Quotes that are current in Market Watch
• Instantaneous trading
• Historical information

On computers running Windows, macOS, and Linux, MT4 can be downloaded.

 

MetaTrader 5

MT5 is a cutting-edge trading platform that supports trading in currencies, indices, stocks, commodities, and virtual currencies. Customers gain from:

• 38 Technical indicators, 41+ graphical items, and 21 time-frames
• Access to Expert Advisors and a free trading robot
• 4 order execution types, 6 waiting order types
• Trading with a single click and advanced market depth
• Economic calendar and financial news
• Quotes that are current in Market Watch
• Hedging and nets
• Community dialogue
• Historical information

On computers running Windows, macOS, and Linux, MT5 can be downloaded.

 

WebTrader

Additionally, Eightcap provides the MT5 Web Trader version. The web-accessible platform offers the same capabilities as the desktop download and can be simply accessed from the broker’s website. It is an efficient method of connecting to the markets.

 

Capitalise.ai

Customers of Eightcap can programme instructions using simple English in an innovative automatic trading platform, such as “purchase $1,000 GBP/USD on Tuesday at 15:30 EST.” 

Building automatic trading methods for novices has never been simpler thanks to a sleek dashboard and guided training. 

Investors may create simple and complicated algorithms for free without the need for coding knowledge.

A large selection of pre-programmed strategies are also available from Capitalise.ai, which customers may test risk-free or customise to their tastes before going live. 

 

Note: I’ll earn a referral fee (No any extra fee for you) if you sign up with them. But they are reliable in my opinion (as of this writing). I always want and find the best for you so that you don’t get into trouble.

 

Assets

Customers of Eightcap can trade on:

Currencies: 40 main, minor, and exotic currency pairs are available for trading.

Share CFDs: Trade on 500+ of the most well-known firms from the US (NASDAQ and NYSE), the UK (LSE), Germany (EXTRA), and Australia, including Westpac Banking Corp. and Woolworths.

Index CFDs: Trade 10 of the most prominent indices, such as the US30, UK100, and SPX500, using index CFDs.

Cryptocurrency CFDs: 250+ cryptocurrency pairings, cross pairs, and indices available for CFD trading.

Commodities: Trade commodities such as CFDs on gold, silver, and oil.

For further information, refer to the Product Disclosure Statement (PDS) of Eightcap.

 

Commissions & Spreads

Spreads vary and begin at 0 pip for popular currency pairs (Raw Account) and 0.4 for popular indices like the SPX500. They begin at 0.1 USD for gold, 0.01 USD for silver, and 0.03 USD for oil spreads.

The spreads on different cryptocurrencies range from 0 USD for Bitcoin Cash to 31.2 USD for Bitcoin. Spreads on shares are 0.02 USD per share and per side (4 USD per lot round turn).

Be aware that some assets’ spreads tend to increase during particularly volatile trading hours or during periods of lower liquidity during the day (as the roll over to the new day).

On the Raw account, commissions are levied at a rate of 3.50 USD per standard lot, and swap rates will be used for overnight foreign exchange trading.

 

Leverage

At Eightcap Pty Ltd, the maximum leverage is 1:30. Customers dealing with Eightcap Global Ltd may use a maximum leverage of 1:500.

You may read more about the margin call procedure on the broker’s website.

 

Mobile App

For both the MT4 and MT5 platforms, which are accessible on iOS and Android devices, Eightcap provides a mobile app. 

With the additional convenience of 24/7 access from anywhere, the app provides all the functionality available on the desktop platform. 

Just go to your App Store or Play Store to download the app after you have your MT4 or MT5 login information.

 

Payment Methods

 

• Deposits
• Withdrawals

 

Deposits

Several quick payment alternatives are available from Eightcap in a wide range of base currencies, all of which are processed through the Client Portal:

• PSP (Virtual Account)
• Credit/debit card
• Cryptocurrencies
• China UnionPay
• PayRetailers
• Bank Wire
• Worldpay
• Fasapay
• Neteller
• PayPal
• BPAY
• Skrill
• POLi

Please be aware that there are no transaction fees associated with any payment method other than bank wires. 

With the exception of wire transfers, BPAY, and PayRetailers, which can take up to 3 days, they also offer fast 24-hour deposit processing.

 

Withdrawals

Users can withdraw profits for nothing by utilising any of the aforementioned strategies after submitting a request form via the Client Portal. 

Withdrawals should be processed by the broker within 24 business hours. The normal clearing times are 2 to 5 business days.

Keep in mind that the maximum deposits and withdrawals vary depending on the chosen payment type. You can find more information on the broker’s website.

 

Demo Account

You can open a respectable demo account with Eightcap on the broker’s website. 

Users can trade under the same terms as a real-money account, including the same price feed, with a maximum of 5,000,000 virtual cash available to them.

Please take note that demo accounts automatically expire after 30 days, however you can request an extension.

 

Get trading with EIGHTCAP in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create EIGHTCAP Account Click Here

 

Added Value & Promotions

There are no promotions or deposit incentives available at this time from Eightcap. 

Watch the broker’s website, nevertheless, in case any fresh bargains become available. 

Before you begin trading, make sure to review the bonus terms and conditions.

 

Regulation

The company is independently governed by two organisations to safeguard the interests of its clients: 

Eightcap Pty Ltd is under the supervision of the Australian Securities and Investment Commission (ASIC), and Eightcap Global Ltd (Vanuatu) is under the supervision of the Vanuatu Financial Services Commission (VFSC). 

Eightcap is a licenced Australian Financial Services Provider as well (AFSL). According to the Corporations Act, client monies are likewise separated and housed at Tier 1 banks.

In my view, the broker’s internet services are legitimate, and they are not a fraud.

 

Extraordinary Qualities

The goal of Eightcap is to create a haven for MT4 and MT5 traders. To assist both novice and seasoned investors, the broker provides an excellent education programme.

Regular market updates, a trading week in review, live webinars, CFD and Forex insights, MetaTrader tutorials, and strategy advice are all part of this.

 

Trading Tools

Users of Eightcap have the option to automate their trades without having any programming experience. 

Investors can access automation and analytical capabilities like backtesting, loop strategies, smart notifications, and much more by using capitalise.ai.

Additionally, the online broker has teamed up with TradingView to provide robust charts and tools. 

With 50 drawing tools, 5,000+ investor-created indicators, and 100 built-in indicators, TradingView is a well regarded charting solution. 

Customers can open and close positions using their Eightcap accounts directly from TradingView’s charts.

TradingView is one of the largest social investment networks in the world and offers robust analysing features. 

Investors can share ideas, talk about tactics, and explore markets on social media platforms with more than 30 million active users each month.

A few additional resources are also made available to investors, like the Forex VPS, which is excellent for high-frequency traders, the Cryptocrusher signals service, and the Amazing Trader charting algorithm.

 

Account Types

Eightcap provides two types of accounts:

Standard: Advised for newcomers

Raw: Advised for seasoned traders

Both account types have a $100 minimum deposit requirement, a 0.01 minimum trade size, and a maximum leverage of 1:30 for Australian clients and 1:500 for clients outside of Australia.

The Standard account has $0 commissions, whilst the Raw account charges A$3.50 each standard lot. 

This is the primary distinction between the two accounts. The 7 base currencies that they both offer are AUD, USD, EUR, GBP, NZD, CAD, and SGD.

 

Benefits

There are many benefits to investing with Eightcap:

• Capitalise.ai automated trading solution
• ASIC and VFSC regulated
• MT4 and MT5 available
• Good customer reviews
• Fast customer support
• TradingView charts
• Free withdrawals

 

Drawbacks

The following are drawbacks of trading with Eightcap:

• Limited time demo account (Though this can be extended upon request)
• No bonuses or promotions
• No binary options

Trade Times

Every day of the week, users have access to forex trading. The hours of international foreign exchange trading, however, vary by time zone. 

Australia Eastern Standard Time (AEST) dictates that Sydney opens at 7 am and closes at 4 pm, Tokyo opens at 9 am and shuts at 6 pm, London opens at 5 pm and closes at 2 am, and New York opens at 10 pm and closes at 7 am. 

You can invest in cryptocurrencies whenever you want.

The broker’s website provides information on the various opening times in other markets.

 

Customer Support

The multilingual, round-the-clock support staff of Eightcap can be reached at:

Email: [email protected] or [email protected]

Live chat: The live chat icon can be found on the right side of the website.

Phone numbers: (613) 8373-4800, (613) 8375-9700, (613) 859-22375, and (67) 835-382

Observe the most recent news on Eightcap’s social media channels:

• Facebook
• Instagram
• YouTube
• LinkedIn
• Twitter

The main office of Eightcap PTY LTD is located at Level 6, 360 Collins Street, Melbourne, VIC 3000, Australia.

 

Trader Security

Between the platform and the client servers, data exchanges are encrypted using Secure Sockets Layer (SSL), a 128-bit protocol that is industry standard. 

Additionally, in order to access the MetaTrader platforms, server authentication is needed.

Eightcap complies completely with the General Data Protection Regulation, the Australian Privacy Principles (APPs), and the Privacy Act 1988 to ensure the protection of customer data (GDPR).

 

EIGHTCAP Conclusion

Eightcap is a reputable CFD and FX broker that has been in business for more than ten years and provides both the MT4 and MT5 platforms. 

Both novices and experienced traders can start trading with ease thanks to their competitive spreads, quick customer service, and demo account availability.

 

Get trading with EIGHTCAP in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create EIGHTCAP Account Click Here

 

Questions about EIGHTCAP

 

• Do I need a Lot of Capital to Trade with EIGHTCAP?
• What is EIGHTCAP’S Maximum Leverage?
• Can I get a Demo Account with EIGHTCAP?
• How can I sign up for an EIGHTCAP Live Account?
• On EIGHTCAP, what can I Trade?
• Why would EIGHTCAP do that?

 

Do I need a Lot of Capital to Trade with EIGHTCAP?

The minimum deposit is 100 AUD or its equivalent in another currency. 0.01 lots is the smallest position size that is offered.

 

What is EIGHTCAP’S Maximum Leverage?

The maximum leverage available from Eightcap for both accounts is 1:500. (In regulated markets, 1:30). Leveraged trading increases both the potential for gains and losses.

 

Can I get a Demo Account with EIGHTCAP?

Yes, a demo account can be created on the website’s home page. Users will enjoy the same trading circumstances as a real account and have access to a maximum of 5,000,000 in virtual funds (available in numerous currencies) for 30 days.

 

How can I sign up for an EIGHTCAP Live Account?

To register, click “Create Account” in the top right corner of the broker’s website. Before completing the five more steps to personalise your account and confirm your identity, you will need to complete a brief form.

 

On EIGHTCAP, what can I Trade?

On the MT4 platform, users may trade currencies, indices, and commodities. On the MT5 platform, users can trade currencies, indices, commodities, shares, and cryptocurrencies.

 

Why would EIGHTCAP do that?

An worldwide forex and CFD broker is Eightcap. It provides investors with the option to use the WebTrader version in addition to the MT4 and MT5 platforms. Additionally, the organisation offers inexpensive commissions and spreads.

 

Get trading with EIGHTCAP in 3 easy steps

Register: Apply online to complete your registration and verification.

Fund: Make your first deposit to start placing orders.

Trade: Your account is all set up!

 

For Create EIGHTCAP Account Click Here

 

Final words

Okay, so that’s it I’ve come to the end of this presentation, I hope you’ve enjoyed it and if you really do please write a comment and click the share buttons smash it right, and click to subscribe bell to Allow notifications be updated.

Whenever, I publish content like, this and finally any questions or feedback let me know below and I’ll do my best to help, so with this guide, I hope you got value out of this presentation, I wish you good luck and good trading and I’ll talk to you soon you.

 

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