Great to hear that you are enjoying our ultra-low spreads, Aras! You can find a full list of our spreads across all our financial instruments under the Markets section of our website. We are here every step of the way of your trading journey, and it’s great to have you on board. If you need further support, then please get in touch with us via phone, email or live chat. I spoke to Adam couple of times and he is very helpful and supportive. Our deposit and withdrawal process is seamless and fast, and we are glad that you experienced that.

It is still relatively intuitive and you have quick buy / sell functionality right there on the dashboard. There are also a plethora of online guides on how to use it. In terms of the trading technology, you have an extensive collection of charting features and can overlay your charts with a number of technical studies.

This account is ideal for beginners or experienced traders who are creating and testing a trading strategy. In-house research is regularly published, and new traders have access to an adequate educational section filled with quality content. While Eightcap claims to build a home for MT4 traders, its offering is lacking the added plugins that other brokers offer. It maintains only the out-of-the-box MT4/MT5 trading platforms, which require third-party plugins to reach their potential and the advertised cutting-edge trading environment. Forex traders have access to the most-traded currency pairs, but the selection requires an upgrade to accomplish more comprehensive market coverage. Equity traders remain confined to the home market of Eightcap, Australia, and Australian traders may give Eightcap a genuine consideration. This broker focuses on the basics and executes them well with untapped potential.

The longer track record a broker has, the more proof we have that it has successfully survived previous financial crises. Eightcap sends newsletters about webinars with its partners, like BKForex. These webinars are useful tools, https://forex-trend.net/ helping out both amatour investors with basic knowledge, and more experienced ones with advanced trading ideas. In addition, Eightcap sends information about Trading Battle, a live-streamed trading battle between professionals.

FXreviewsaccords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world different types of brokers of financial market. The account opening process is challenging and complicated and fails to clear the intent for taking information.

Eightcap Advantages

If you’ve never traded and want to practice or just check out the broker’s services, you can open a demo account funded with virtual money. Eightcap also offers educational resources for new and inexperienced traders. IG is a comprehensive forex broker that offers full access to the currency market and support for over 80 currency pairs. The broker only offers forex trading to its U.S.-based customers, the brokerage does it spectacularly well. Novice traders will love IG’s intuitive mobile and desktop platforms, while advanced traders will revel in the platform’s selection of indicators and charting tools.

Minimum deposits are low, and deposits and withdrawals are fast and free. Education and analysis are not as strong or as well-structured as Eightcap’s larger competitors, but beginners will find the material available helpful and informative. Eightcap’s simple account structure and transparent approach are very welcome in an industry where many brokers confuse their clients in a storm of options and small print. While Eightcap is a market maker, it runs a no-intervention execution model.

The raw account charges a commission per trade while the standard one charges a spread. Forex trading carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments, due to leverage retail accounts lose money. Before you engage in trading foreign exchange, please make yourself acquainted with its specifics and all the risks associated with it. What is more, all trading styles are accepted, with no restrictions to use EAs or other strategies, also with flexible lot sizing and high leverage options. Regardless of the account type all traders will have the same professional conditions to trade, as well as support from the company for any requirement.

For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard what types of brokers are there to understand investment terminology and confusing fee structures. In our review of Eightcap we breakdown the pros and cons.

Web Trading Platform

Popular options such as Tesla, Microsoft, Netflix, Pfizer, Amazon, Facebook, Google, and Apple are available. Other Australian stocks include Rio Tinto Ltd, BHP Group Ltd, CSL Ltd, Woods Group Limited, Telstra Corporation, Westpac Banking Corporation, National Australia Bank, and others. Also, the number of bad reviews from several review websites is a clear indication that they are not worth your time. Some novice investors ‘go with their gut’ despite negative reviews.

• The available methods are wire transfer, cards, and some e-wallets.
• China UnionPay is available in Chinese renminbi, with instant deposits around the clock.
• The broker doesn’t offer any research material for analysis.
• You have full access to both platforms as well as deep liquidity and market leading spreads.
• Eightcap offers a choice of two account types with differing execution models.
• Eightcap’s mission is to build a home for MT4 and MT5 traders.

Eightcap has the ability to get deposits and withdrawals processed within 2 to 3 days. CFDs are leveraged products and can result in the loss of your capital. To start the process of opening an account with Eightcap you can visit the Eightcap trading platform here.

European Markets

Also, EightCap does not charge any internal fees for deposits or withdrawals, yet you should note that payments from non-Australia banks may be subject to bank fees and is solely your responsibility. For instance see below a comparison of the spread offering, as well you may compare EightCap fees to another popular broker ThinkMarket. The trader has access to over soft forex 250 financial instruments, including major and minor currency pairs, oil, gold, silver, shares and cryptocurrency CFDs. We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex feesand fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker’s end, with a user-friendly process.

Supported languages at Eightcap’s customer serviceEnglishChineseThaiKoreanFrenchSpanishItalianGermanVietnamesePortugueseEightcap’s live chat is great. On the negative side, the platformfeels outdatedand some features are hard to find. For example, it took us a while to figure out how to add an asset EightCap Forex Broker Review to the watchlist. On the other hand, Eightcap provides some articles about how you can use the MT4 platform. Despite the few adjustments from MT4, MT5’s platform feels outdated and some features are quite hidden. For example, adding a new asset to the watchlist is not very straightforward.

Pipsafe Forex Rebate Pay Back Percentage :

Other deposit options include BPay in Australian dollars only. This deposit method requires between 1-2 business days to process, with no transaction fees levied. China UnionPay is available in Chinese renminbi, with instant deposits around the clock. Other options such as NETELLER and Skrill are readily available, with EUR and USD payments accepted. It is important to check with your preferred payment option to determine transaction fees and processing times into your account at Eightcap.

Will let you guys know more once I’ve spent some more time with these guys. They have a head office in Melbourne, they have rapidly grown as a forex broker throughout the world operating in different regions on a multilingual support team. You also need to get proper forex trading training so that you don’t blindly trust any broker out there. Eightcap, an online financial trading company, was founded in Melbourne, Australia, in 2009, although it’s been active as a broker since 2015. Much as the likelihood of losing money is high in this industry, sometimes brokers will scam investors, causing them to lose money when they shouldn’t. Of all the types of companies that are scammy, online brokers might just be the worst. We value transparency and openness in the way we review the partners.

Also, their spreads have been very tight for the whole time I’ve been working with them and there have been no slips. I joined Eightcap in late 2018 and they have been the best broker among the ones I’ve used. The customer support is always there when you need it and the platform offers great trading possibilities and good ways to make some money. I use a 100 leverage but you can go up to 500 if you feel confident enough. Clients can choose from two main account types, Standard and Raw.

Mobile Trading

In the end, what account you do decide to set up will depend on your trading volume. If you are trading a great deal then the money you save on spreads will be greater than the commission you are charged on the lots. However, if you are starting out small then you may want to stay with the standard account. Both of these accounts have a minimum deposit requirement of $100 which is pretty reasonable.