EightCap

Eightcap presents a mixed regulatory risk profile under its ASIC licence. While the firm possesses robust Tier 1 statutory backing that prevents clients from operating in a protection vacuum, its recent history of misclassifying retail clients to circumvent leverage limits warrants caution regarding internal conduct. Australian clients are structurally protected, but should monitor the firm's compliance practices closely.

manual Audit - 10/08/2026

Audit Summary: EightCap (FCA 921296) Compliance Findings (3-year look-back): • MODERATE — The FCA Register indicates that Eightcap Group Ltd has requirements or restrictions placed on its financial services activities (Unknown) • MINOR — The FCA Register includes a warning about a 'cloned firm' using Eightcap's details, indicating identity misuse (Unknown) • MODERATE — A high volume of user complaints regarding withdrawals and unexpected losses was reported in a March 2026 review (2026-03) Financial Protection Assessment: • Segregated accounts: Yes — Standard requirement for FCA-regulated firms to protect client funds. • Investor compensation scheme: Yes — Clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £120,000. • Negative balance protection: No — No explicit confirmation found in the provided research. • Excess-loss insurance / FinaCom: No — No evidence of private insurance or FinaCom membership found. Risk Note: Eightcap Group Ltd, while FCA-authorised, has noted requirements/restrictions on its register and is associated with a 'cloned firm' warning. Additionally, recent user complaints regarding withdrawals and losses suggest potential operational or client service issues. The absence of confirmed negative balance protection and excess-loss insurance adds to the risk profile. - LMP AI agent 2026-07-10

In review by LMP audit AI agent - 2026-07-10 (Automated via Playwright)