Eightcap is a global forex and CFD broker that has been in operation since 2009. The company is headquartered in Australia and is regulated by the Australian Securities & Investment Commission (ASIC), the Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). Eightcap offers a wide range of trading instruments, including forex pairs, cryptocurrencies, stocks, indices, and commodities. The company also offers a variety of account types, trading platforms, and educational resources.
Eightcap Review: Pros and Cons
- Low fees: Eightcap offers some of the lowest fees in the industry. The company’s Raw account charges a commission of $3.50 per lot per trade, plus a spread of 0.1 pips.
- Wide range of assets: Eightcap offers a wide range of trading assets, including forex pairs, cryptocurrencies, stocks, indices, and commodities.
- Multiple trading platforms: Eightcap offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader.
- Excellent customer support: Eightcap offers excellent customer support, which is available 24/7 via live chat, email, and phone.
Overall
Eightcap is a good option for experienced traders who are looking for a low-cost broker with a wide range of trading assets and multiple trading platforms. However, the lack of a demo account and limited research and education resources may make Eightcap a less attractive option for new traders.
Pricing
Eightcap offers a variety of account types, each with its own set of features and pricing. The company’s most popular account type is the Raw account, which charges a commission of $3.50 per lot per trade, plus a spread of 0.1 pips. The company also offers a Standard account, which has no commissions but wider spreads. Eightcap does not charge any account fees, withdrawal fees, or inactivity fees.
Trading Platforms
Eightcap offers a variety of trading platforms, including MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader 4 and MetaTrader 5 are the most popular trading platforms in the world and offer a wide range of features, including charting, technical analysis, and automated trading. cTrader is a newer trading platform that offers a number of unique features, such as a fully customizable user interface and a market-making engine.
Customer Support
Eightcap offers excellent customer support, which is available 24/7 via live chat, email, and phone. The company’s customer support team is knowledgeable and helpful and is able to answer any questions that you may have.
Eightcap is a good option for experienced traders who are looking for a low-cost broker with a wide range of trading assets and multiple trading platforms. However, the lack of a demo account and limited research and education resources may make Eightcap a less attractive option for new traders.
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