Eightcap review
Eightcap is a CFD and forex broker founded in Melbourne in 2009, known for pairing MetaTrader 4/5 with full TradingView integration that lets clients chart and execute trades natively inside TradingView rather than only through MT4/5. It is regulated onshore by ASIC (Australia), the FCA (UK) and CySEC (Cyprus), and separately runs an offshore entity licensed by the Securities Commission of the Bahamas (SCB) that serves clients outside those three jurisdictions, typically under different leverage limits and without the same investor-compensation backstops. The product set spans 800+ instruments — forex, indices, commodities, share CFDs and crypto CFDs — through Standard (spread-only) and Raw (commission-based) accounts. Eightcap runs no proprietary desktop platform, offers no Islamic account, and its research and education output is comparatively thin.
Eightcap key facts
- Website: www.eightcap.com
- Category: Forex & CFD broker
- Founded: 2009
- Headquarters: Melbourne, Australia
- Regulation: ASIC (Australia), FCA (UK), CySEC (Cyprus); also an offshore SCB (Bahamas) entity
- Platforms: MetaTrader 4/5, TradingView, WebTrader, TradeLocker — no proprietary desktop platform
- Markets offered: 800+ instruments: 55+ forex pairs, 500+ share CFDs, 90+ crypto CFDs, indices, commodities
- Minimum deposit: $100
- Fee model: Standard: spread-only from ~1.0 pip; Raw: spreads from 0.0-0.06 pips + ~$3.50/side commission
- FYI Score: 84.2/100 (ranked #46 of the 136 CFD brokers we track)
Regulation & licences
- Eightcap Pty Ltd is regulated in Australia by ASIC, and Eightcap Group Ltd is authorised by the UK's FCA — both tier-1 regulators requiring segregated client funds.
- Eightcap EU Ltd holds a CySEC (Cyprus) licence, number 246/14 (company registration HE329922), extending EU passporting rights.
- A separate entity, Eightcap Global Ltd, is licensed offshore by the Securities Commission of the Bahamas (SCB) — a materially lighter-touch regulator that serves clients outside the ASIC/FCA/CySEC scope, typically at higher leverage.
- Which entity a client is onboarded under determines both their leverage cap and their access to a formal investor-compensation scheme, so the strongest regulator in Eightcap's marketing isn't automatically the one governing a given account.
Spreads & fees
- Standard account: no commission, spreads from around 1.0 pip on EUR/USD.
- Raw account: spreads from 0.0-0.06 pips plus a roughly $3.50-per-side commission.
- A TradingView-branded account mirrors the Standard account's spread-only pricing (from 1.0 pip, no commission) for clients trading through TradingView's charts.
- Minimum deposit of $100; no withdrawal fees, though some third-party reviews cite a small inactivity charge after several months of dormancy.
Platforms & tools
- MetaTrader 4 and MetaTrader 5, plus a MetaTrader-based WebTrader.
- Full TradingView integration for charting and order execution — a differentiator among brokers still centred on MT4/MT5 alone.
- TradeLocker is offered as an additional platform option.
- Eightcap has no proprietary desktop platform of its own; every listed platform is third-party.
Markets & instruments
- 800+ tradeable instruments in total.
- 55+ forex pairs, alongside roughly 14 commodities and 16 indices.
- 500+ share CFDs and roughly 90+ crypto CFDs, though crypto CFDs are not available to UK retail clients under FCA rules.
- No direct equities, options or futures — everything is traded as a CFD.
Account types
- Standard: commission-free, spread-only pricing for straightforward cost comparison.
- Raw: near-raw spreads plus a per-side commission, aimed at active and algorithmic traders wanting tighter pricing.
- TradingView account: pricing matches Standard, built for clients who want to trade natively from TradingView's charts.
- No dedicated Islamic/swap-free account and no active-trader rebate program is advertised, a gap versus some competitors.
Markets
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Platforms
MetaTrader 4, MetaTrader 5, TradingView, TradeLocker
Who Eightcap is for
Eightcap suits traders who want to execute directly from TradingView's charting environment, or who want competitive Raw-account pricing on MT4/MT5, while trading through the ASIC, FCA or CySEC entity. Clients placed with the Bahamas (SCB) entity should weigh the higher leverage against materially thinner regulatory protection.
Pros
- Regulated across three established regulators (ASIC, FCA, CySEC) with segregated client funds.
- Genuine, full TradingView integration, unusual among CFD brokers still centred on MT4/MT5.
- Competitive Raw-account pricing and no withdrawal fees.
- Broad instrument count (800+) spanning forex, indices, commodities, shares and crypto CFDs.
Cons
- An offshore Bahamas (SCB) entity sits well below the ASIC/FCA/CySEC arms on regulatory strength, and likely serves clients the onshore entities can't accept at the same leverage.
- Thin research and education content compared with larger brokers, and no copy-trading feature.
- No Islamic account, no OCO orders, and no API trading — functionality gaps versus more feature-rich rivals.
- Crypto CFDs are unavailable to UK retail clients, narrowing the product set for the FCA entity specifically.
Eightcap FAQ
Is Eightcap regulated?
Yes, across several entities. Eightcap Pty Ltd is regulated by ASIC in Australia, Eightcap Group Ltd by the FCA in the UK, and Eightcap EU Ltd holds a CySEC (Cyprus) licence (246/14). A separate entity, Eightcap Global Ltd, is licensed offshore by the Securities Commission of the Bahamas (SCB) for clients outside those three jurisdictions.
Is Eightcap safe?
Clients onboarded under the ASIC, FCA or CySEC entities get segregated client funds and, for FCA/CySEC clients, negative balance protection under established regulatory frameworks. Clients under the Bahamas (SCB) entity trade under a lighter-touch regime with fewer investor protections and typically higher leverage.
What does it cost to trade with Eightcap?
The Standard account is commission-free with spreads from around 1.0 pip; the Raw account offers spreads from as low as 0.0-0.06 pips plus a roughly $3.50-per-side commission. Minimum deposit is $100, and there are no withdrawal fees.
What makes Eightcap's platform lineup different?
Eightcap doesn't run a proprietary platform. Instead it offers MetaTrader 4, MetaTrader 5 and full TradingView integration, letting clients chart and trade natively inside TradingView rather than only through MT4/5, plus TradeLocker as an additional option.
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