Eightcap review 2026

Quick verdict

Eightcap is a well-regulated broker with four licences, four platforms and a clear price list. The $100 minimum is higher than some rivals, and you must confirm which Eightcap company holds your account.

These facts come from Eightcap's own website, checked on 16 October 2026:

• Regulation: ASIC (391441), FCA (921296), CySEC (246/14) and the Securities Commission of the Bahamas (SIA-F220).
• Minimum deposit: $100 or equivalent.
• Spreads: from 0.0 pips on the Raw account and from 1.0 pips on the Standard account.
• Commission: Raw is $3.50 per standard lot per side (£2.25 or €2.75 in other currencies). Standard has none on forex.
• Platforms: MetaTrader 4, MetaTrader 5, TradingView and TradeLocker.
• Deposit methods: card, wire transfer, Skrill, Neteller and crypto.
• Withdrawal methods: the same method as the deposit, card (up to the deposit amount) and wire transfer.

What we could not confirm: the maximum leverage, a withdrawal time and the share of retail accounts that lose money. We do not guess these. The review below shows what to check.

A CFD (contract for difference) lets you speculate on prices without owning the asset. It carries a high risk of loss.

Is Eightcap legit and safe?

Yes. Eightcap holds licences from four regulators, including ASIC in Australia and the FCA in the UK. But each licence belongs to a different company, and the protections you get depend on the company that holds your account.

A regulator is a public body that licenses financial firms and can punish them for breaking rules. A large broker usually works through several companies, one for each region. The company name on your client agreement is the one that matters. Eightcap lists these four:

ASIC licence (Eightcap Pty Ltd)

ASIC is the Australian Securities and Investments Commission. Eightcap Pty Ltd is listed under licence number 391441. ASIC is widely known for strict rules on retail trading. This entity is built for Australian clients, so it is not necessarily the one that serves other countries.

FCA licence (Eightcap Group Ltd)

The Financial Conduct Authority is the UK regulator. Eightcap Group Ltd appears with number 921296. UK rules include limits for retail clients and a required risk warning. This entity serves UK clients.

CySEC licence (Eightcap EU Ltd)

CySEC is the Cyprus Securities and Exchange Commission. Eightcap EU Ltd has licence 246/14. CySEC is part of the European system, and its rules apply to clients within the European Economic Area.

SCB licence (Eightcap Global Limited)

SCB is the Securities Commission of The Bahamas. Eightcap Global Limited holds licence SIA-F220. The Bahamas is an offshore centre. Traders from regions such as Africa, Asia and Latin America are often placed with an international entity of this kind. Offshore regulation can be lighter than in the UK or Australia, and the complaint route may be harder to use, so read the client agreement carefully.

How to check a licence yourself:

1. Write down the company name and number for your region from Eightcap's regulation page.
2. Go to the regulator's own public register. Do not use a link from a chat message.
3. Search by the licence number, not just the name.
4. Check the company name, the status and the website address.
5. Save a screenshot for your records.

Ask in writing before you deposit: which company holds my account, which regulator supervises it and what protections apply to my money. A good broker answers clearly.

We did not find a verified figure for the share of Eightcap retail accounts that lose money. Regulated brokers in the UK and Europe must show one. Ask for the number that applies to your entity.

Eightcap fees and spreads explained

Eightcap has two main pricing styles. The Raw account shows spreads from 0.0 pips and adds a commission of $3.50 per standard lot per side. The Standard account has spreads from 1.0 pips and no commission on forex.

Let us explain each word.

• Pip: the smallest standard price step in most currency pairs.
• Spread: the gap between the buy and sell price. You pay it each time you open a trade.
• Lot: a unit of trade size. A standard lot is the usual full size.
• Commission: a fixed fee per lot. "Per side" means you pay on opening and again on closing.
• Swap: a fee or credit for holding a trade overnight.

Raw account. Spreads start from 0.0 pips. That is the lowest spread and it is the best case. The commission is $3.50 per standard lot per side, or £2.25 or €2.75 if your account is in pounds or euros. A round trip, which means opening and closing, therefore costs twice the per-side amount. Add the market spread to get the full cost.

Standard account. Spreads start from 1.0 pips and there is no commission on forex. The cost sits entirely in the spread.

Which is cheaper? It depends on how you trade. Traders who open many positions and want tight prices often prefer Raw. Traders who like simplicity may prefer Standard. The honest way to decide is to compare totals.

1. Open a demo account on each type.
2. Note the live spread on the pair you trade, at different hours.
3. For Raw, add the round-trip commission.
4. Compare the total with the Standard spread.

Important. "From 0.0 pips" does not mean every trade has zero spread. Spreads widen during news and thin markets. The Standard fact is stated for forex only, so check the costs of other instruments, such as indices or crypto, on the platform.

Costs we did not verify: swap rates, inactivity fees, deposit or withdrawal fees and currency conversion. Look for them on the fee page for your entity.

Account types at Eightcap

Eightcap offers a Raw account and a Standard account, with different cost styles. Both start from the same $100 minimum deposit as stated by the broker.

• Raw account: spreads from 0.0 pips, commission $3.50 per standard lot per side. Good for traders who want the tightest prices and place many trades.
• Standard account: spreads from 1.0 pips, no commission on forex. Good for traders who want an easy cost to understand.

Which should a beginner choose? A beginner can start with Standard, where the cost is one number. Raw is useful once you know how often you trade and can calculate the full cost.

Platforms and accounts. Eightcap offers MetaTrader 4, MetaTrader 5, TradingView and TradeLocker. Not every account type may be available on every platform. Check this before you choose.

Demo account. A demo account uses virtual money at live prices. Use it for a few weeks. Practise placing orders and a stop-loss, which is an order that closes your trade at the loss level you choose.

Account currency. The commission note shows amounts in dollars, pounds and euros, so your account currency affects the commission figure. If your bank currency is different, you may pay a conversion cost when you deposit or withdraw. Ask support what rate applies.

Entity matters. The account types you can open depend on your country and the Eightcap company that serves you. Look at the account page after you sign in.

Minimum deposit: how much do you need to start?

Eightcap asks for a minimum deposit of $100 or equivalent. That is higher than some brokers, but it still allows small trades.

"Or equivalent" means that you can fund in another currency, with the amount matching about $100. The exact conversion is set by the broker and your payment provider.

How to choose your deposit:

• Use only money you can afford to lose completely.
• Do not borrow, and do not use rent or school money.
• Trade small. A common beginner rule is to risk about 1% of the balance on any one trade.
• Keep savings outside the broker.

Payment fees on your side. Your bank, card or wallet may charge fees. An exchange rate margin can also be added. On a $100 deposit a small fee is a visible share. Check before sending.

A smart start. Deposit the minimum, make a tiny trade with a stop-loss and test a small withdrawal. Then decide whether to add more.

Deposit and withdrawal methods

Eightcap lists card, wire transfer, Skrill, Neteller and crypto for deposits. For withdrawals it lists the same method as the deposit, card (up to the deposit amount) and wire transfer.

Deposits:

• Card: credit or debit card payments.
• Wire transfer: a bank transfer, including international wires.
• Skrill and Neteller: online wallets.
• Crypto: digital currency. Check the network and address with great care. A wrong network can lose funds permanently.

Withdrawals:

• Same method as deposit: money returns by the route you used to fund the account.
• Card (up to deposit amount): card withdrawals are limited to what you deposited by card. Profit must go by another route.
• Wire transfer: a bank transfer for amounts above what can return to the card.

This is useful to understand. If you fund by card and win, you may be sent profit by wire, and wire transfers can carry bank fees. Plan for this.

Safe payment habits:

1. Pay only from accounts in your own name.
2. Complete identity verification early, before you need to withdraw.
3. Keep receipts and screenshots of each transaction.
4. Use only the official client area. Never send money to a person who messages you.
5. Test with a small amount before you send more.

The list you see after registering depends on your country and entity. That list is the one that counts.

How long do Eightcap withdrawals take?

We could not confirm a stated Eightcap withdrawal time, so we do not quote one. Test it yourself with a small amount.

Eightcap lists its withdrawal methods, but it does not give one promised processing time in the facts we verified. A withdrawal normally has two parts:

1. Broker processing: the time Eightcap takes to review and approve your request.
2. Payment provider time: the time your bank, wallet or card needs to show the money. International wire transfers can take longer than local transfers.

How to run a simple test:

1. Deposit the minimum.
2. Place a tiny trade or leave the money.
3. Request a small withdrawal by the same method.
4. Record the date and time of the request.
5. Record when the money arrives.
6. Repeat later with a larger amount.

What can delay a withdrawal. Verification not finished, a name that does not match, open positions that use your money as margin, a card limit, or a bank problem. Because Eightcap sends money back by the deposit method first, a card deposit can mean a card-sized limit on the first part of the withdrawal.

If it takes too long: write to support, quote the request number and ask for a reason. Keep every message. If the problem remains, look for the complaint route of the regulator for your entity.

Trading platforms

Eightcap offers MetaTrader 4, MetaTrader 5, TradingView and TradeLocker.

• MetaTrader 4 (MT4): a classic forex platform with many chart features and support for expert advisors, which are automatic trading programs.
• MetaTrader 5 (MT5): the newer version with more timeframes, more order types and wider market access.
• TradingView: a popular charting platform with clean charts, many drawing features and a large community.
• TradeLocker: a newer trading platform. We did not verify its feature list, so test it on a demo before choosing it.

How to choose. If you follow a teacher, use the platform they use. If you love charts, TradingView is a good place to start. If you want to run automated programs, choose MetaTrader. If you like trying new interfaces, test TradeLocker.

Practise first. On a demo account, place a market order, a pending order, move a stop-loss and close a trade.

Phone trading. Use a screen lock and two-step login. Avoid public Wi-Fi. Check the lot size before every tap, because small screens cause mistakes.

Leverage and risk

We could not confirm Eightcap's maximum leverage from the facts we checked. It depends on your entity and client type, so ask before you deposit.

Leverage lets you control a larger position with a small deposit. At 1:10, each $1 controls $10. A small move in price can bring a big profit or a big loss. It multiplies both.

Why the entity matters. Regulated entities in the UK, Europe and Australia limit leverage for retail clients. Offshore entities often allow more. A higher limit does not make you a better trader. It makes mistakes more costly.

Risk words to know:

• Margin: the money held to keep your trade open.
• Margin call: a warning that your free margin is low.
• Stop-out: the level where trades are closed automatically.
• Negative balance protection: a rule that stops you losing more than your deposit. We did not verify this for each entity, so ask.

Rules to protect yourself:

1. Always use a stop-loss.
2. Risk only a small part of your balance on each trade.
3. Do not add money to chase back a loss.
4. Avoid trading in big news if you are new.
5. Stop for the day when you hit your loss limit.

We did not find a verified loss-rate figure for Eightcap. Most CFD brokers that publish one show that the majority of retail clients lose. Assume the same for you and plan accordingly.

Who is Eightcap best for?

Eightcap suits traders who want a regulated broker, a choice of four platforms and a clear price list with both Raw and Standard accounts. It is less suitable if you need a very small deposit.

Eightcap could be a good match if you:

• want a broker with licences from ASIC, the FCA, CySEC and the SCB;
• are comfortable with a $100 minimum;
• want to use TradingView or MetaTrader;
• plan to trade often and like the idea of a Raw account;
• can fund by card, wire, Skrill, Neteller or crypto.

Think carefully if you:

• want to start with a very small amount;
• need a withdrawal time in writing;
• are unsure which entity serves your country;
• cannot afford to lose the money you deposit.

For beginners. The Standard account keeps costs simple. Use a demo and trade small.

For active traders. The Raw account with a commission of $3.50 per standard lot per side may be cost-effective if you check the full round-trip cost.

How to open an Eightcap account

1. Go to the official website, eightcap.com, by typing the address yourself. Do not click links from unknown messages.
2. Register with your email and country. Your country decides which Eightcap company and rules apply.
3. Set a strong password and turn on extra login protection if offered.
4. Verify your email and phone number.
5. Upload identity documents. You will normally need a photo ID and proof of address.
6. Ask which company holds your account and save the licence details.
7. Open a demo account and practise on your chosen platform.
8. Open a live account, Standard or Raw.
9. Deposit $100 or more from a method in your own name.
10. Place a tiny trade with a stop-loss, then test a small withdrawal.

Sign-up screens can change. Follow what the official site shows.

The fine print

Read the client agreement and the risk warning before you deposit. These are the points most traders miss.

• Four licences, four companies. Your rights depend on which one holds your account.
• "From 0.0 pips" is the best case. Spreads widen during news and thin markets.
• Commission is charged on both sides. On Raw, it is $3.50 per standard lot per side.
• The Standard commission fact is for forex only. Other instruments may cost differently.
• Card withdrawals are capped at the deposit amount, so profit may come by wire.
• Wire transfers can carry bank fees, charged by your bank or intermediary banks.
• We did not verify: maximum leverage, swap rates, inactivity fees, withdrawal fees or a withdrawal time.
• Offshore oversight is lighter. The SCB licence is real, but it does not offer the same protection as the UK or Australia.
• Impersonators. Scammers copy well-known brands on messaging apps. Eightcap will not ask you to send money to a private person.

Complaints. Start with support, in writing. If unresolved, look for the process of the regulator for your entity.

Our checks. We read Eightcap's official pages on 16 October 2026. If you find a difference, tell us.

Our final verdict

Eightcap is a well-regulated broker with clear pricing and good platform choice. It is a solid option for a careful trader who confirms the entity, starts small and tests a withdrawal early.

What we like: four regulator licences, spreads from 0.0 pips on Raw, a clear commission of $3.50 per standard lot per side, no commission on Standard forex, four platforms and a list of funding routes that includes wallets and crypto.

What we do not like: a $100 minimum, no confirmed leverage or withdrawal time, card withdrawals limited to the deposit amount and a lighter-regulated offshore entity.

Our advice: check the entity, practise on a demo, compare Raw and Standard on your own trading style, deposit a small amount and test a withdrawal first.

Trading CFDs is risky and you can lose all the money you put in. This review is information, not financial advice.