Eightcap Review Of 2025

Trading Fees

After trading on both Eightcap’s Standard and Raw accounts, I can confidently say their pricing structure caters to different trading styles—but each has its trade-offs. Standard spreads without commission fees, accessible on MetaTrader and TradingView, and tighter raw spreads accompanied by commission fees, available exclusively on MetaTrader platforms.

1. Raw Account Spreads

Eightcap offers tight raw spreads, with their lowest spread being 0.06 pips for the USD/JPY pair and 0.20 pips for the USD/CAD pair. This account type is best suited in my opinion for high-volume traders, as even scalps can benefit from the low spreads offered by Eightcap.

Comparing these to other top brokers in the table, Eightcap’s raw spreads remain competitive, particularly in the USD/JPY and EUR/USD pairs, where they are among the lowest in the market.

ECN Broker Spreads	USD/JPYUSD/CADEUR/USDEUR/GBPAUD/USDAUD/JPYGBP/USDUSD/JPYUSD/SGD	USD/JPYUSD/CADEUR/USDEUR/GBPAUD/USDAUD/JPYGBP/USDUSD/JPYUSD/SGD	USD/JPYUSD/CADEUR/USDEUR/GBPAUD/USDAUD/JPYGBP/USDUSD/JPYUSD/SGD	USD/JPYUSD/CADEUR/USDEUR/GBPAUD/USDAUD/JPYGBP/USDUSD/JPYUSD/SGD	USD/JPYUSD/CADEUR/USDEUR/GBPAUD/USDAUD/JPYGBP/USDUSD/JPYUSD/SGD
	0.23	0.20	0.06	0.30	0.23
	0.20	0.30	0.10	0.30	0.20
	0.30	0.40	0.10	0.20	0.10
	0.20	0.30	0.20	0.40	0.20
	0.14	0.18	0.09	0.14	0.13
	0.30	0.25	0.02	0.27	0.03
	0.70	1.13	0.52	0.86	0.80
	0.50	0.50	0.20	0.50	0.50
	0.24	N/A	0.17	0.54	0.30
	0.30	1.10	0.10	0.60	0.50
	n/a	0.30	n/a	0.60	0.50

Avg. spreads are taken from each broker's website and updated monthly. Last update on 06/01/2025

Eightcap offers lower spreads for the nine most traded currency pairs than the industry average.

2. Raw Account Commission Rate

For Raw Accounts, Eightcap charges a commission of $7 for every standard lot roundturn. This account type is designed to keep spreads low and accurate to the quotes provided by liquidity providers, maintaining an STP or ECN-like pricing model.

With this account, traders pay $7 per standard lot round turn, equating to $3.50 to enter the trade and another $3.50 to exit. Despite the commission, this setup often results in lower overall costs due to the reduced spreads.

Many traders transition to Raw Accounts once they gain confidence in their trading abilities.

3. Standard Account Fees

Eightcap offers competitive standard spreads, starting at 1 pip for EUR/USD, EUR/GBP, and GBP/USD, making it a great option for those wanting low commission-free spreads. Comparing with other top brokers, Eightcap maintains its competitiveness across various currency pairs with lower average spreads than Pepperstone, OANDA, and Plus500.

To ensure precise analysis of spreads, we conduct thorough research and analysis of top brokers’ forex spreads. This entails examining average spreads for popular currency pairs, which are updated monthly to reflect changes in brokers’ offerings and market conditions.

4. Swap-Free Account Fees

For traders adhering to Islamic Sharia law, Eightcap offers a Swap Free account, also known as an Islamic account, which exempts you from overnight fees. Instead of an interest-based payment, Islamic traders

To access this account, simply reach out to Eightcap’s customer service and request it. Depending on requirements, proof of your Muslim faith may be necessary for eligibility.

5. Other Fees

At Eightcap, there is a $10 EUR/GBP/USD monthly account inactivity or maintenance fee is incurred in case of inactivity for 3 months or more.

You will also have overnight funding fees, which are incurred for positions left open after 24:00 GMT+2. It’s worth noting that these fees are standard across most brokers and are not unique to Eightcap.

Use the calculator below to compare Eightcap’s trading costs with competitors such as Pepperstone, IC Markets and CMC Markets, adjusting for trade size, currency pair, and base currency.

Calculate Your Trading Costs Below

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Verdict on Eightcap Fees

Eightcap caters to different traders by providing two pricing options, commission-free standard spreads and low raw spreads with a commission. For its excellent low spreads and good commission rates, I give Eightcap a score of 9.0/10 for trading costs.

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Trading Platforms

Eightcap offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView for Australian clients and those registered with its international branch, excluding the UK and Europe. Furthermore you could also use Capilise.AI and Flash Trader, based on which region your account is registered from.

For clients in the United Kingdom, only TradingView is available, whereas in Europe, MetaTrader 4 is not available.

My team has prepared a trading platform selector, so you can work out what software best matches your trading needs. We suggest that you complete our short 5-step questionnaire to determine your most suitable forex platform and then read the relevant section about how Eightcap performs in terms of that software.

MetaTrader 4 (MT4)

Having traded over 1,000 forex scalps on MT4 since 2021—and even coding my own Bollinger Band squeeze EA—I can confidently say MT4 remains my go-to for forex simplicity. But after attempting to trade ASX200 shares on it last year, I quickly realized its limitations.

Who Should Use MT4?

• Forex Beginners: When I first started trading AUD/USD, MT4’s drag-and-drop interface let me set stop-losses in seconds—no overwhelming menus.
• EA Coders: My custom “Trend Rider” EA (built using MQL4) ran flawlessly for months, executing trades even while I slept.
• Technical Analysts: The 30 built-in indicators (like RSI and MACD) are all I need for daily chart patterns.

Who Should Avoid MT4?

• Equity Traders: Trying to trade Tesla shares? Forget real-time earnings data or dividend calendars—I had to juggle Yahoo Finance on a second screen.
• Multi-Asset Scalpers: No trailing stops hurt during last year’s gold volatility spike; I manually adjusted orders 12 times in an hour.

What I Actually Use MT4 For:

• 24/7 Forex Automation: My EUR/JPY EA has placed 83 trades this month alone, exploiting Asian session gaps.
• Backtesting: Testing a 2010-era “Fibonacci Scalper” strategy took 10 minutes—no coding, just historical data.
• Security Peace of Mind: After a phishing scare on another platform, MT4’s SSL encryption kept my Eightcap account untouched.

Where MT4 Frustrated Me:

• No News Alerts meant I missed the 2023 Fed rate decision because MT4 lacks native news feeds—I now use TradingView alongside it.
• Clunky Order Types – During the GBP flash crash, I couldn’t set a “close on touch” conditional order, losing 2% of my position.

In brief, I think MT4 is perfect for forex-focused traders like me who prioritize speed and automation over bells and whistles. But if you’re trading shares, commodities, or need advanced order types, MT5 or TradingView will save you time (and frustration).

MetaTrader 5 expands on this with access to additional markets outside forex, offering 38 built-in indicators, 44 analytical objects, and enhanced capabilities for creating trading robots. It also provides real-time market updates and economic news. Both platforms support a variety of trading strategies with their advanced features and are suitable depending on the trader’s experience and technical requirements.

You can read our MT4 vs MT5 Trading Platform ComparisonMe to

TradingView

TradingView is a powerful platform for traders focusing on technical analysis and charting across multiple asset classes. Key features include:

• Customisable Chart Types: Over 15 chart types available, including Kagi, Renko, and Point & Figure, allowing for personalised charting experiences.
• Multiple Charts: Capability to use up to 8 charts per tab, with options to synchronise symbols and time intervals.
• Smart Drawing Tools: More than 90 smart drawing tools are at your disposal for detailed analysis.
• Extensive Indicator Range: Access to leading technical indicators and over 100,000 community-built indicators, alongside the option to create your own with TradingView’s Pine-Script.
• Active Trading Community: Engage with the world’s largest trading community to discover new trading ideas and strategies.
• Custom Alerts: Set up alerts for price levels, indicators, and custom conditions to stay informed of market movements.

Connecting to Eightcap is straightforward, allowing traders to execute trades directly from TradingView charts, streamlining the trading process.

Other Trading Tools

In addition to its comprehensive platform offerings, Eightcap enhances trading experiences with innovative tools tailored to specific needs and regions:

• Capitalise.ai: For MetaTrader 4, automates trading using AI and ML for strategy creation and execution, with easy setup.
• FlashTrader: For MT5, developed with BKForex, offers advanced risk management by simplifying position sizing and order setup, enhancing trading efficiency.
• Forex VPS: Offers a free Virtual Private Server (VPS) for traders who meet certain conditions, enabling 24/7 trading without downtime, high-speed execution, and the ability to run EAs continuously.
• AI-Powered Economic Calendar: Integrates Acuity’s advanced AI to provide unparalleled insights into financial markets, comparing traditional and AI-driven analyses to highlight trading opportunities from over 100 countries and 1,000 economic events.

Mobile Trading Apps

For CFD traders prioritising flexibility and the ability to trade on the go, Eightcap offers mobile trading solutions through MT4, MT5, and TradingView apps, catering to both Android and iOS users. These mobile platforms ensure that traders can access their accounts, execute trades, and analyse the markets directly from their smartphones or tablets, no matter where they are.

Trade Experience 

Eightcap’s execution speeds for limit and market orders stand at 143 milliseconds (ms) and 139 ms, respectively, which are closely aligned with the industry average of 113.75 m for limit orders and 133.55 ms for market orders.

Our methodology for assessing these execution speeds involved a comprehensive testing process across the top 20 brokers, ensuring a fair and accurate comparison by executing identical trades under similar market conditions across all platforms.

Compared to industry leaders for execution, like BlackBull Markets and Fusion Markets, Eightcap’s execution speeds are significantly slower, with limit orders about 98.6% and 81% slower, respectively, and market orders 54.4% slower than BlackBull’s but 80.5% faster than Fusion’s.

Such differences in speed may affect traders relying on quick execution, like scalpers or high-frequency traders, where milliseconds matter for trade profitability.

Beyond execution speed, Eightcap’s trade experience is enhanced by its brokerage model and execution method. Operating on a Straight Through Processing (STP) model, Eightcap offers direct market access with no dealing desk intervention.

Verdict 

Eightcap provides MetaTrader 4, MetaTrader 5, and TradingView for Australian and international clients, with restricted platform access in the UK and Europe. Despite offering a range of trading tools, its execution speeds are slower compared to industry leaders, which may impact traders dependent on fast execution.

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Is Eightcap Safe?

Eightcap is deemed a safe broke with  an overall trust score of 71. This rating is derived from its performance in three key areas: regulation, reputation, and client reviews.

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Regulation

EightCap is overseen by tier 1 regulators including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC).

If you are located outside of these areas, you can register with the broker’s global branch regulated by the Securities Commission of The Bahamas (SCB).

Reputation

Since its establishment in 2009 in Melbourne, Australia, Eightcap has maintained a clean slate with no regulatory infringements, cementing its strong reputation domestically.

While its global recognition is growing, evidenced by 27,100 monthly Google searches, it remains more prominent within the Australian market.

Reviews

Client feedback further supports EightCap’s reliability, with a strong average rating of 4.3 out of 5 stars from 1,796 TrustPilot reviews. This indicates a high level of client satisfaction with the services provided.

Verdict

Considering EightCap’s strong regulation, solid reputation since inception, and positive client reviews, it stands as a trustworthy broker for traders seeking a secure trading environment. However, its global presence is still expanding, suggesting potential for wider recognition in the international trading community.

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How Popular Is Eightcap?

Eightcap shows a moderate presence in the global forex brokerage landscape. With approximately 40,500 monthly Google searches, it ranks as the 29th most popular forex broker among the 65 brokers analyzed. Web traffic data positions it somewhat lower, with Similarweb reporting 259,000 global visits in February 2024, placing Eightcap as the 45th most visited broker.

Founded in 2009 and headquartered in Melbourne, Australia, Eightcap has expanded its regulatory footprint to include oversight from authorities in Australia, the UK, the Bahamas, and beyond. While the broker doesn’t publicly disclose its exact client numbers or trading volumes, it has reported serving traders in over 100 countries. Eightcap’s mid-range positioning in both search and traffic metrics suggests a growing but not yet dominant global presence.

Country	2024 Monthly Searches
Thailand	9,900
Canada	2,400
Australia	2,400
United States	1,900
United Kingdom	1,600
India	1,300
Germany	1,000
Brazil	1,000
Malaysia	880
France	720
Spain	720
Colombia	720
Italy	590
Indonesia	590
Argentina	590
South Africa	480
Netherlands	480
Nigeria	390
Singapore	390
Mexico	320
Dominican Republic	320
Pakistan	320
Sweden	320
Poland	260
Morocco	210
Philippines	210
United Arab Emirates	210
Portugal	210
New Zealand	210
Vietnam	170
Kenya	170
Switzerland	170
Hong Kong	170
Japan	140
Bangladesh	140
Peru	140
Chile	140
Austria	140
Taiwan	140
Turkey	110
Venezuela	110
Ireland	110
Ecuador	110
Algeria	110
Cyprus	90
Egypt	90
Greece	90
Uzbekistan	90
Cambodia	90
Ghana	70
Saudi Arabia	70
Uganda	70
Mongolia	70
Sri Lanka	50
Ethiopia	30
Costa Rica	30
Tanzania	30
Botswana	30
Jordan	30
Bolivia	30
Panama	20
Mauritius	20

2024 Average Monthly Branded Searches By Country

Thailand	9,900 1st
Canada	2,400 2nd
Australia	2,400 3rd
United States	1,900 4th
United Kingdom	1,600 5th
India	1,300 6th
Germany	1,000 7th
Brazil	1,000 8th
Malaysia	880 9th
France	720 10th

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Deposit and Withdrawal

EightCap requires a low initial minimum deposit to open a trading account, with a range of fee-free funding methods available.

What is the minimum deposit at Eightcap?

Eightcap minimum deposit is $100. This applies to both their standard account and raw account in all jurisdictions. This is one of the lowest requirements of the global brokers making trading more accessible.

Account Base Currencies

EightCap supports seven base currencies for trading accounts, including AUD, USD, EUR, GBP, NZD, CAD, and SGD.

Deposit Options and Fees

EightCap offers a variety of deposit methods to accommodate the preferences of traders worldwide. These include traditional options like Visa/Mastercard and Wire Transfer, as well as e-wallets such as PayPal, Skrill, and Neteller.

EightCap ensures most deposit methods are fee-free. However, fees can vary, especially for Wire Transfers, where the bank may impose its own charges.

Withdrawing Options and Fees

Withdrawing funds from your EightCap trading account is streamlined and user-friendly. Traders can initiate a withdrawal request anytime via the Client Portal, with EightCap committed to processing these requests within 24 business hours.

Ease to Open An Account

Opening an account with Eightcap was relatively easy. It asked for some personal data, but we were able to create an account fast. We scored them a 12 out of 15, given how convenient and quick it was.

Verdict

EightCap combines low minimum deposits, diverse, fee-free deposit options, and swift withdrawal processes, offering a streamlined trading account funding.

Product Range

EightCap offers a comprehensive range of over 360 CFD products spanning across forex, commodities, indices, shares, and cryptocurrencies.

CFDs

This diverse portfolio ensures traders have access to a wide array of financial instruments globally, including major forex pairs, key commodities like gold and oil, popular indices such as the US30 and UK100, a broad selection of shares from top companies like Google and Facebook, and leading cryptocurrencies including Bitcoin, Ripple, Ethereum, and Litecoin.

While cryptocurrency trading is available to Australian and global clients, it is not offered to those in the UK .

Verdict

EightCap’s extensive selection of over 360 CFD products across various asset classes, including forex, commodities, indices, shares, and cryptocurrencies, caters to a broad spectrum of trading preferences, albeit with regional restrictions on cryptocurrency trading.

Customer Service

Eightcap’s customer support is available 24/5 from Monday 8 am to Saturday 5 am Melbourne, Australia time, which is ideal for Australian traders but may pose challenges for those in different time zones, limiting immediate access outside these hours.

The service offers live chat, phone, and email options, with live chat providing quick responses directly from support staff, avoiding the use of chatbots. This feature is also available during the sign-up process, assisting with any immediate queries or issues.

For additional support, traders can contact Eightcap via phone or email, with dedicated options for both global and Australia-specific clients. However, traders should consider the support hours in relation to their own trading activities, especially if operating from regions outside the Australian time zone.

Verdict

Eightcap’s customer support, while highly rated and accessible through multiple channels, offers hours that are optimal for Australian traders but may limit real-time assistance for those in other time zones.

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Research and Education

Eightcap provides essential research tools and educational resources, addressing both the analytical requirements and learning preferences of traders.

Research Tools

Eightcap enriches traders’ strategies with its comprehensive Trade Zone, designed to offer a deep dive into upcoming market dynamics:

• Economic Insights: Weekly insights provide a lookahead into market trends, data releases, and key economic indicators, helping traders navigate through economic events.
• Market Analysis: Regular updates on Asian and Australian trading sessions, including strategic trading moves and analysis of major assets like Bitcoin and Oil, offer traders actionable insights.
• AI-Powered Economic Calendar (details not retrieved): Expected to leverage artificial intelligence to forecast economic events and their potential market impacts accurately.

These tools collectively aim to arm traders with the necessary information for informed decision-making and spotting new trading opportunities through detailed market analysis.

Educational Resources

Eightcap’s commitment to trader education is evident through its advanced educational platform, Eightcap Labs, which goes beyond basic trading education offered by most brokers:

• Comprehensive Trading Guides: Offers in-depth guides on both technical and fundamental analysis, catering to traders at all levels.
• Diverse Trading Concepts: Covers a wide range of trading concepts, including scalping and trading precious metals, providing traders with a broad knowledge base.
• Actionable Trading Ideas: The Eightcap Trading Zone not only educates but also delivers actionable trading ideas and market outlook information, enhancing traders’ market awareness.

Verdict

Eightcap’s dedication to providing extensive educational content and research tools demonstrates its commitment to supporting its clients’ growth and success in the trading world.

Final Verdict on Eightcap

Eightcap’s standout feature is its Lowest Spread Forex Brokers and commissions, large range of crypto produce and choice of trading platforms.

If you’re looking for somewhere you can start trading instantly, easily, and without spending too much money on charges, you’d struggle to find somewhere better.

We also liked the in-house trader education platform, if you’re a beginner trader, it’s a great thing to look into. All up, this is a user-friendly, reliable broker worth serious consideration.

We should however note that only MT5 is available for clients in the EU and TradingView in the UK. Some may consider this to be a weakness but they are excellent trading platforms in their own right and with MT4 likely to be phased out in future, now is a good time to start using an alternative platform.