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Eightcap Forex Broker provides real users with 14 positive reviews, 6 neutral reviews and 14 exposure review!

Eightcap Broker Review

7.89

WikiFX monitor

Software Index

Full License

Risk Control

Risk Manage

Eightcap Review 34

Latest All(34) Positive(14) Neutral(6) Exposure(14)
Exposure
The platform arbitrarily deduct the profit

Compare the profit that deducted by Eightcap, it is able to withdraw smoothly for the trading account withdraw same operation. It is unfair to me amd handle the profit deduction affairs.

Xtrader5077
2022-07-12
Exposure
Profits are not allowed to be withdrawn

Last week I tried to deposit $10,000 on the EightCap platform and was going to test my analysis of profiteering trades. Maybe I had some luck and within a few days I had a nice gain. But in the end Yihui deducted all my profits and closed my trading account without any reason. I think this is already a fraudulent act. The regular exchange can only lose money, but the profit cannot be withdrawn. Please be careful with this platform! !

Xtrader5077
2022-07-12
Exposure
Scam!!!

I am unable to withdraw money i put in not to talk of my profits, no integrity, really should go to traceasset!org to complain to them, a company with no moral bottom line i made a deposit of $50,000 to trade and after some weeks i thought to myself i have made enough profit so i submitted a request for withdrawal, They deducted all my profit balance without any reasonable explanation. Traders please avoid this SCAM broker. This is a hard experience from me and also last trading in this scam broker. Will try to report to license department.

FX3428595313
2022-07-12
Exposure
stay away at all cost

Worked with this brokerage company and they had very limited interest to hear and understand my needs and realistic financial capacities. One of them often used offensive and derogatory language but a recent fintrack/ org recovery action exposed the activities of Eightcap and caused my investment to be returned unless you have a bottomless wallet better stay away from this broker, they actively encouraged me to invest more money whilst I was already losing a lot of money money.

FX3815810596
2022-07-12
Exposure
Deducted profit balance

From last week I'm start deposit about 10k USD looking to trade in USoil. I'm have some goodluck and I'm get some profit in few days. When I'm submit for withdraw, Eightcap deducted all my profit balance without any reasonable. Traders please avoid for this SCAM broker. This is a hard experience from me and also last trading in this scam broker. Will try to report to license department.

Xtrader5077
2022-07-12
Exposure
EightCap Scam Zone

Be cautious; they will only allow you to make one withdrawal. When you try to make a second withdrawal, they will request an additional deposit. The support crew is only helpful when it comes to investing; when it comes to withdrawals, they block you. Had it not been for AssetsClaimBack legal expert taking up my complaints against EightCap and effecting a refund for me, I would have lost nearly $52,000.

FX57947855
2022-05-15
Exposure
EightCap is a scam seek aid from AssetsClaimBack.

I invested $100,000 in an EightCap and lost it all. James Brown was the one who insisted on increasing my investment. He recognizes I'm not going to spend any more money after spending $10,000. He's ceased communicating with me. I couldn't even get online to view my account. They've stopped communicating with me. I've tried multiple times to contact the company with complaints, but nothing has worked. They are hazardous and will take your entire bank account. Never put your trust in EightCap ; I don't want anyone else to lose money by investing in them because they are a complete hoax.

FX2861636451
2022-05-14
Exposure
They almost got away with what they know how to do best SCAM.

Don't trust this company withdrawal is impossible with Eightcap after they have your money; five times I requested a withdrawal and they canceled it without informing me or explaining why; I'm not sure where they got their trading licenses. I Tried to withdraw $47500 from my account and all it says is submitting for weeks don't trade with this company.

FX244677432
2022-05-14

  

EIGHTCAP 2025 Review: Everything You Need to Know

  Eightcap has established itself as a reliable forex and CFD broker since its inception in 2009, offering a diverse range of trading instruments and competitive trading conditions. The broker is well-regarded for its user-friendly platforms, particularly its integration with TradingView and algorithmic trading capabilities via Capitalise.ai. However, it faces criticism for its limited educational resources and a narrower range of forex pairs compared to some competitors.

  Note: It's essential to recognize that Eightcap operates through various regional entities, each regulated differently, which can impact user experience and available services. This review draws on comprehensive research methodologies to present a fair and accurate assessment of Eightcap.

  

Ratings Overview

Category Score (out of 10)
Account Conditions 8.0
Tools and Resources 7.5
Customer Service and Support 8.2
Trading Experience 8.5
Trustworthiness 9.0
User Experience 8.3
Overall 8.2

  How We Rated the Broker: Our ratings are based on a thorough examination of user experiences, expert opinions, and factual data regarding trading conditions, regulatory compliance, and customer support.

  

Broker Overview

  Founded in 2009 and headquartered in Melbourne, Australia, Eightcap is regulated by several top-tier authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC). The broker offers a robust trading environment through popular platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView, providing access to over 800 tradable assets, including forex, commodities, indices, stocks, and cryptocurrencies.

  

Detailed Insights

  

Regulatory Regions

  Eightcap operates under multiple regulatory jurisdictions, including ASIC in Australia, FCA in the UK, CySEC in Cyprus, and the Securities Commission of the Bahamas (SCB). This multi-regulatory framework enhances the trustworthiness of the broker, ensuring compliance with stringent operational standards.

  

Deposit/Withdrawal Currencies

  Eightcap supports a variety of base currencies for trading accounts, including AUD, USD, GBP, EUR, NZD, CAD, and SGD. Deposits can be made using various methods such as credit/debit cards, bank transfers, PayPal, Skrill, Neteller, and cryptocurrencies (BTC, USDT).

  

Minimum Deposit

  The minimum deposit required to open an account with Eightcap is $100, which is considered competitive in the industry. This low entry point allows new traders to start without a significant financial commitment.

  

Promotions

  Currently, Eightcap does not offer any bonuses or promotions. However, it provides a referral program where clients can earn rewards for bringing in new traders, although this is not as extensive as some competitors.

  

Tradable Asset Classes

  Eightcap offers a wide range of tradable assets, including:

  • Forex: 56 currency pairs.
  • Cryptocurrencies: Over 250 cryptocurrency CFDs.
  • Indices: 17 global indices.
  • Commodities: Key commodities like gold and oil.
  • Shares: CFDs on over 600 global stocks.

  

Costs (Spreads, Fees, Commissions)

  Eightcap's cost structure is competitive, with spreads starting from 0.0 pips on the raw account, which incurs a commission of $3.50 per standard lot traded. The standard account features spreads starting from 1.0 pips with no commission. Notably, Eightcap does not charge any deposit or withdrawal fees, which is a significant advantage for traders.

  

Leverage

  Leverage options vary by regulatory entity, with a maximum of 1:30 for clients under ASIC and up to 1:500 for international clients. This flexibility allows traders to manage their risk and exposure effectively.

  

Allowed Trading Platforms

  Eightcap supports several trading platforms, including MT4, MT5, and TradingView. The integration with TradingView enhances the trading experience by providing advanced charting tools and social trading features.

  

Restricted Regions

  Eightcap does not accept clients from certain countries, including the USA, North Korea, Iran, and several others. This restriction is primarily due to regulatory compliance.

  

Available Customer Support Languages

  Eightcap offers customer support in multiple languages, including English, Chinese, Spanish, French, German, Portuguese, Thai, and more. This multilingual support enhances accessibility for international clients.

  

Detailed Ratings Breakdown

  

Account Conditions: 8.0

  Eightcap offers two main account types—standard and raw—catering to different trading styles. The minimum deposit requirement is low, and the flexibility in trading conditions is commendable. However, the lack of Islamic accounts may deter some traders.

  

Tools and Resources: 7.5

  While Eightcap provides essential trading tools, including Capitalise.ai for algorithmic trading, the educational resources are limited, especially for advanced traders. The broker could benefit from expanding its educational offerings.

  

Customer Service and Support: 8.2

  Customer support is responsive and available 24/5. Users have reported positive experiences with the support team, although the lack of weekend availability is a drawback.

  

Trading Experience: 8.5

  The trading experience with Eightcap is generally smooth, with competitive spreads and a variety of platforms. The integration with TradingView is particularly beneficial for traders who value advanced charting capabilities.

  

Trustworthiness: 9.0

  With multiple regulatory licenses and a solid operational history, Eightcap is considered a trustworthy broker. The segregation of client funds adds an additional layer of security.

  

User Experience: 8.3

  User experiences have been largely positive, with many appreciating the ease of account opening and the quality of the trading platforms. However, some users have noted the need for more comprehensive educational materials.

  

Conclusion

  In conclusion, Eightcap stands out as a reliable and well-regulated broker suitable for both novice and experienced traders. Its competitive trading conditions, robust platforms, and commitment to customer service make it an attractive option in the forex and CFD markets. However, potential clients should be aware of the limitations in educational resources and regional restrictions. Overall, Eightcap is a commendable choice for those looking to engage in diverse trading activities with a trustworthy broker.