Eightcap Account Type

Eightcap offers three distinct types of trading accounts tailored to different trading needs:

• Standard Account
• Minimum Deposit: $100
• Spreads: From 1.0 pips
• Commissions: None
• Minimum Trade Size: 0.01 lots
• Maximum Trade Size: 100 lots
• Margin Call Level: 80%
• Stop Out Level: 50%
• Compatible with Expert Advisors (EAs) and allows scalping.
• Available Base Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD.
• Raw Account
• Minimum Deposit: $100
• Spreads: From 0.0 pips
• Commissions: $3.5 per standard lot traded
• Minimum Trade Size: 0.01 lots
• Maximum Trade Size: 100 lots
• Margin Call Level: 80%
• Stop Out Level: 50%
• Compatible with Expert Advisors (EAs) and allows scalping.
• Available Base Currencies: AUD, USD, EUR, GBP, NZD, CAD, SGD.
• TradingView Account
• Minimum Deposit: $100
• Spreads: From 1.0 pips
• Commissions: Yes, for share CFDs
• Minimum Trade Size: 0.01 lots
• Maximum Trade Size: 100 lots
• Margin Call Level: 80%
• Stop Out Level: 50%
• Compatible with Expert Advisors (EAs) and allows scalping.
• Available Base Currencies: GBP, EUR, USD.

For all accounts, the maximum leverage is up to 1:500 for non-Australian clients and 1:30 for Australian clients.

Eightcap Broker Account Opening Process

To open an account with Eightcap, follow these steps:

• Visit the Website: Go to the Eightcap website and click on the "Create Account" button.
• Fill in Registration Form: Complete the registration form with your personal details, including your country of residence, name, email, password, and phone number.
• Email Confirmation: Check your email for a confirmation link from Eightcap and click it to verify your email address.
• Account Type Selection: Choose your preferred account type and provide detailed information about yourself, including gender, date of birth, and residential address.
• Select Trading Platform: Choose your trading platform (MT4, MT5, or TradingView), account type, leverage, and account currency.
• Agree to Terms: Read and agree to the terms and conditions by checking the respective boxes.
• Verification: Upload the necessary identification documents (passport or ID card) and proof of residence (bank statement or utility bill).
• Account Approval: Once your documents are verified, you will receive your account login details, allowing you to deposit funds and start trading.

The entire process typically takes about 5 to 10 minutes, and account approval can occur within 24 hours once verification documents are submitted.

For more information, you can visit the following sources:

• Eightcap Account Types
• How to Open an Eightcap Account