EightCap

EightCap Review: Is EightCap Broker Good?

EightCap is an online Forex broker founded in 2009 and headquartered in Melbourne, Australia. The broker offers its services to traders from over 196 countries and supports Thai language. EightCap offers a wide range of trading account types to suit all levels of traders and supports the MT4, MT5 and WebTrader platforms.

EightCap License

If you ask whether EightCap broker is good or not, you must start by considering the license factor first. The broker has received licenses from financial regulatory agencies as follows:

• ASIC (Australian Securities and Investments Commission)

• FCA (Financial Conduct Authority)

• SCB (Securities Commission of the Bahamas)

• CySEC (The Cyprus Securities and Exchange Commission)

Trading products from EightCap broker

Forex CFDs

• Offers a wide range of Forex trading via Contracts for Difference (CFDs) with over 60 currency pairs including majors, minors and exotics. With spreads starting at 0.0 pips and fast order execution, traders can easily access the highly liquid Forex market.

Trade Commodities CFDs

• Trade commodities via CFDs, such as gold, silver, oil and natural gas. Trading these commodities allows investors to diversify their portfolios and reduce risk.

Trade Indices CFDs

• Traders can trade world-renowned indices via CFDs, such as the S&P 500, NASDAQ, FTSE 100, and DAX 30. With tight spreads and fast execution, traders can efficiently speculate on global market movements.

Trade Stocks CFDs

• Trade shares via CFDs on over 120 leading companies worldwide. Trading shares via CFDs gives investors access to global stock markets and the ability to take advantage of share price movements.

Trade Crypto CFDs

• Trade crypto via CFDs on over 120 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. Trading crypto via CFDs allows traders to gain exposure to the rapidly growing crypto market and speculate on price fluctuations.

Trading Platform

TradingView

• TradingView is a trading platform with clear charts and advanced technical analysis tools, perfect for traders who want to analyze the market in detail and make trades quickly. TradingView also provides a wide range of analytical features and indicators, helping traders make more accurate decisions.

MetaTrader 5 (MT5)

• MetaTrader 5 is a very popular trading platform that offers advanced technical analysis tools, support for automated trading with Expert Advisors (EAs), and fast order execution. MT5 is ideal for traders who want flexibility and a wide range of functionality.

MetaTrader 4 (MT4)

• MetaTrader 4 is a well-known and long-standing popular trading platform that features a user-friendly interface, a wide range of technical analysis tools and indicators, and support for automated trading with Expert Advisors (EAs). MT4 is suitable for traders of all levels, from beginners to professionals.

WebTrader

• WebTrader is a trading platform that can be accessed through a web browser without downloading or installing additional programs. It features a user-friendly interface and comprehensive technical analysis tools, allowing traders to access the markets and make trades anytime, anywhere.

Broker Account Types

Raw Account

• Starting spread: 0.0 pips

• Instruments provided: 800+

• Commission:

  • 3.5 AUD, USD, NZD, SGD, CAD per standard lot

  • 2.25 GBP per standard lot

  • 2.75 EUR per standard lot

• Minimum deposit: $20

• Min/Max Trade Size: 0.01 lot / 100 lots

• Margin Call Level: 80%

• Stop Out Level: 50%

• Account base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD

• Scalping: Allowed

Standard Account

• Starting spread: 1.0 pips

• Instruments provided: 800+

• Commission: No Commission (Commission for Stocks)

• Minimum deposit: $20

• Min/Max Trade Size: 0.01 lot / 100 lots

• Margin Call Level: 80%

• Stop Out Level: 50%

• Account base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD

• Scalping: Allowed
  

TradingView Account

• Starting spread: 1.0 pips

• Instruments provided: 800+

• Commission: No Commission (Commission for Stocks)

• Minimum deposit: $20

• Min/Max Trade Size: 0.01 lot / 100 lots

• Margin Call Level: 80%

• Stop Out Level: 50%

• Account base currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD

• Scalping: Allowed

Office location and contact channels

• Office location:Melbourne, Australia

• Contact channels:

  • Telephone number: +61 3 8375 9700, +61 3 8373 4800

  • Email: [email protected]

  • website:https://www.eightcap.com/th/

EightCap Broker Overview Summary

EightCap is a reliable, safe and stable Forex broker. The broker is licensed by reliable regulatory agencies such as ASIC, FCA, and SCB, ensuring the safety of funds. EightCap's spread and commission are low, suitable for investors who want to control their trading costs. It also has modern trading platforms such as MetaTrader 4, MetaTrader 5, and TradingView. It supports deposits and withdrawals via Thai banks and has good customer service that supports Thai 24/5. However, you should carefully consider the pros and cons of the broker before deciding to use the service to make your investment the most efficient and responsive.

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EightCap  ReviewCompare spreads, fees, trading platforms, deposit and withdrawal conditions, and more, with real user reviews to help you decide on the broker that suits your needs.