Eightcap Review, Fees, Rating 2023

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Updated on February 20, 2024 November 8, 2023 Today we would like to introduce you to another CFD online broker. Specifically, broker Eightcap, which presents itself as a trustworthy and ... Read More

Updated on February 20, 2024

November 8, 2023

Today we would like to introduce you to another CFD online broker. Specifically, broker Eightcap, which presents itself as a trustworthy and transparent company. So let’s take a look together at how it really is. Is this broker brand really the one you can rely on? In this review, we’ll introduce you to the assets to trade, the trading platforms it offers, and the fees you should definitely expect with this brand,

Eightcap reviews quickly and clearly

Regulated broker with Australian origin and average asset offering. This is also how the Eightcap brokerage brand, which also accepts Czech clients, could be characterized. However, they cannot expect support for the Czech language or the Czech currency. On the other hand, it will provide traders with relatively wide educational opportunities and a selection of trading platforms and several types of accounts. Moreover, this broker does not charge any inactivity fee.

The most basic about Eightcap

The Eightcap brokerage brand has its roots in Australia. It was founded in 2009 in the Australian city of Melbourne. Today it provides its services worldwide. That is, with the exception of some regions. It is important for us that European merchants can also do business with him, and therefore also Czech ones. Currently, this broker is regulated in four jurisdictions. It owns licenses from the Australian authority ASIC, the British FCA, the Bahamian SCB, but also the Cyprian CySEC.

For clients of the European Union, services of this brand are provided by the company Eightcap EU Ltd, which owns the above-mentioned license of the CySEC ( Cyprus Securities and Exchange Commission ). He has been watching over the activities of this company since 2014. So we can say that broker Eightcap is a regulated brand that is obliged to comply with MiFID principles. At the same time, this company can also be found in the records of the CNB (Czech National Bank), which, however, does not supervise its activities.

What the broker will offer you

Eightcap is a global CFD broker. Therefore, do not count on trading classic shares, ETFs or commodities with him. It only lets you speculate on the development of the price level of individual underlying assets. But don’t think that you can’t make money from CFD trading. Exactly opposite. You can even get several times here. For those of you who are wondering how CFD trading actually works, we will briefly introduce this way of trading.

CFD trading

CFD trading refers to the trading of financial derivatives. It means you are not trading physical assets. So when you enter a buy position, it’s not like you’re actually buying a particular instrument. And the same goes for sales positions as well. This is the only way to let the broker know that you are speculating on the rise or fall of its price.

So, when you find out based on your market research, for example, that the price of gold could rise in the following period , and you want to apply this finding somehow, you enter a buying position with gold. This will let the broker know that you are speculating on growth. If, on the other hand, you think the price should fall, you will enter a selling position. And then you just watch how the price of gold really develops.

If the gold value at the time you exit the trade is indeed higher than when you entered the trade, then you will make a profit on the trade. The broker is obliged to pay you this price difference. But if the price moved in the opposite direction, then you will have to pay the difference to the broker. And you will lose money on the store.

Not trading physical assets can bring you a number of benefits. These include, of course, not having to worry about transporting and storing assets. But also the fact that, in contrast to trading with classic assets, you can also earn from a decrease in value.

Financial leverage

When we talk about CFD trading, we must not leave out leverage. This is because it is a very important mechanism that can greatly influence the volume of your profits and losses. Because when you decide to use leverage for your trades, you will be trading with a much higher volume of assets than you will finance yourself. And thus your profits or losses will be higher.

For example, if you decide to use a leverage of 1:10, your profits will be 10 times higher. But the same applies to your losses. And that’s why leveraged trading is considered risky. Especially for novice traders who do not yet understand the risks sufficiently and are tempted by the prospect of quick earnings.

On the web, you will find many brokers who offer really high financial leverage even to beginning traders. Maybe up to 1:1000. But this means a really high risk for such traders. And since the Eightcap brand is regulated by the European Inspection Authority, you won’t find such high leverage with it. They must comply with the ESMA regulation, which limits the amount of financial leverage for retail traders as follows:

  • Up to 1.30am for major currency pairs
  • Up to 1:20 for minor currency pairs, major indices and gold
  • Up to 1:10 for secondary indices and other commodities
  • Up to 1:5 for shares
  • Up to 1:2 for cryptocurrencies

However, it is different for professional traders. They can trade with the Eightcap broker with a leverage of up to 1:500. Even here, however, the amount of financial leverage varies depending on which asset you are trading. And as follows:

  • Up to 1:500 for major currency pairs, gold and oil
  • Up to 1:200 for indexes
  • Up to 1:100 for other currency pairs and commodities
  • Up to 1:20 for cryptocurrencies
  • Up to 1:5 for shares

Offer of CFD products

Let’s now imagine a specific offer of CFD products that can be traded at the Eightcap broker. These include stocks, Forex currency pairs, commodities, indices and cryptocurrencies.


As a stock trader, you can choose from the shares of companies that are listed on the American, European or Asian stock exchanges at the Eightcap broker. In total, you can trade around 600 shares this way. Among them we can mention, for example, the companies Mastercard, Siemens and Nike.


Both major and cross currency pairs will be available to you when trading Forex. Altogether, the Eightcap broker list numbers 55 of them.


As for commodities, metals and energy commodities can be traded at Eightcap broker. Gold, silver, Brent and WTI oil must not be missing among them. In total, the broker will offer you 14 of them.


There are 17 indices that you can trade with the Eightcap company. Among them you will find American, European, Asian and Australian indices. For example, DAX 30, S&P 500 or Nikkei 225.


The Eightcap brand offers a total of 85 items to cryptocurrency traders. The offer is therefore quite generous. Among the offered virtual currencies, you can find, for example, Bitcoin, Litecoin or Ethereum.

How to trade with Eightcap

Let’s also look at the trading platforms that this broker offers to its clients. In this area, he bet on the safe side and opted for the MetaTrader 4 and MetaTrader 5 platforms. Both are very well known in the trading world. This is because they are one of the most popular trading platforms ever, and that is why most of the current online brokers are betting on them.

As a rule, they suit both beginners and advanced traders. And that’s because they are both intuitive and at the same time provide you with a number of advanced functions and tools.

So when you decide to trade, you can log into it from any available device that is connected to the internet. In addition, you can also opt to download the desktop platform, which usually works more smoothly and is therefore the first choice of more demanding traders.

And at the same time, there is a solution for those who want to keep their investments under control at all times. And that is the mobile application. You can download it to your mobile device if it has an Android or IOS operating system.


But for those who do not have enough tools on the MT4 or MT5 platform, they can also use TradingView services. Linking your trading account to TradingView gives you an additional opportunity to analyze the market. Various types of charts, as well as technical indicators, will be available to you. At the same time, you can also join the global trading community and receive alerts about market movements.

How to create an account on Eightcap

Opening an account with Eightcap is not complicated. You can easily do this via the broker’s website. The first step is to find the green “Create account” button in the upper right corner. After clicking on it, you will be shown a short form where you fill in your first name, last name, contact information and password, which you will use to log in to your account. At the same time, you will also indicate the state of which you are a citizen.

After verifying the contact details, which you do by clicking on the link that the broker sends you by email, you need to fill out other forms. Among other things, the Eightcap brand will be interested in your place and date of birth, address of permanent residence and sources of your income. And after filling in all the fields, don’t forget that your trading account needs to be verified.

All regulated brokers insist on verification, i.e. account verification. And that’s because anti-money laundering laws require them. Two documents need to be uploaded for the broker to consider your account as verified. The first one will verify your identity. You can use your ID card, driver’s license or valid passport for this. And the second document that can be used to verify your place of residence can be, for example, a statement from your bank account that is not older than 3 months.

After uploading the necessary files to your client zone, all you have to do is wait for the broker to confirm that your account is verified. At that moment, you can start using it to the fullest. Until the verification officially takes place, it is not possible to withdraw funds from it.

Demo account

Traders at the Eightcap broker will certainly appreciate that it offers the opportunity to set up a demo account for free. This is a practice account that novice traders can open. But also the more experienced ones who first want to familiarize themselves with the broker’s trading platform. Or they just want a space to practice their business strategies without obligation.

A demo account is completely free with Eightcap. And you can use it either for 30 days or until you close 5,000 trading positions on it. But if you are the owner of an active trading account with the Eightcap brand, then you can use your demo account without a time limit. In addition, in such a case, you can hold several demo accounts at the same time. Specifically, 3 on the MT4 platform and 3 on MT5. In total, active clients of the Eightcap brand can maintain up to 6 demo accounts without expiration. However, if you do not have an active live account with this broker, then you can maintain a maximum of 1 demo account. And with a time limit.

Types of live accounts

In addition to choosing between trading platforms with this broker, you can also decide which type of account you want to open here. There are 3 types of accounts to choose from. Raw, Standard and TradingView accounts. We will now compare all these accounts in the table:

 Raw AccountStandard AccountTradingView Account
SpreadFrom 0.0 pipuFrom 1.0 pipuFrom 1.0 pipu
Commission fees2.75 EUR / 3.5 USD per standard traded lotOnly when trading stocksOnly when trading stocks
Minimum deposit100 USD100 USD100 USD
Currencies for account managementAUD, USD, EUR, GBP, NZD, CAD, SGDAUD, USD, EUR, GBP, NZD, CAD, SGDAUD, USD, EUR, GBP, NZD, CAD, SGD
Minimum trade size0,1 religion0,1 religion0,1 religion

At first glance, it may seem that Standard and TradingView trading accounts have the same terms and conditions. But there is a difference. This is because when you open a TradingView account, you get access to additional market research tools. We have already described above what TradingView offers traders.

In addition to individual accounts, the Eightcap brand also offers joint or corporate business accounts.

Eightcap deposits and withdrawals

And now about how you can finance the account and how to withdraw funds from it. Several payment methods are available for both deposits and withdrawals. Payment by bank transfer, payment card or electronic wallet. At the same time, a trading account with Eightcap can also be funded through cryptocurrency. You can deposit USDT or BTC

The broker does not charge any fees for deposits and withdrawals. However, those who broker your transaction may charge you certain fees. So be careful when you decide to deposit or withdraw via international bank transfer, electronic wallet or cryptocurrency.

This table will show you the details of the progress of deposits and withdrawals:

In order to be able to withdraw funds from your trading account, you must first request a withdrawal. You do this through your merchant account. And then you just wait for the broker to approve your application and for your finances to arrive where they are supposed to. It may take approximately 1-2 business days for the Eightcap broker’s financial team to review and approve your withdrawal. Then you can that the funds arrive according to the processing time that the broker lists in the table for each trading method.  

Fees at the broker

And how much will you pay in fees with this broker? Let’s look at the trading fees first and then the others.

Trading Fees

Among the basic trading fees you will pay with this broker is the spread. It is the difference between the purchase and sale price of an asset. The amount of the spread depends on the type of asset you are trading. But at the same time, it also depends on what type of account you open with this broker. For the Raw account, the amount of the spread starts at 0.0 pips, for other accounts then at 1.0 pips. Also, keep in mind that the amount of this fee is variable with Eightcap.

At the same time, the Eightcap brand will also charge you commission fees. That is, the commission for the fact that the broker arranged the deal for you. Commission fees also depend on which account you choose. With a Raw account, you pay 2.75 EUR or 3.5 USD per lot. For other types of accounts, commission fees are paid only for trading shares with this broker.

And we should also mention swap fees. You will pay for the swap if you decide to hold your trading position even after trading hours. You can always find out the amount of the swap in your trading platform.

Additional charges

You must be wondering what the inactivity fee is like. And you’ll be pleased to know that Eightcap doesn’t charge any inactivity fees. If you happen to leave your trading account inactive for 2 months, it will be temporarily deactivated. And in case you want to continue trading with this broker, you can restore your account.

And given that the Czech currency is not among the main currencies for keeping a business account, you probably won’t avoid a currency conversion fee either. More precisely, for the conversion of one currency to another. This is deducted by banks when you deposit or withdraw funds in a currency other than the one in which you maintain your trading account.

Let’s also remember here the fees for deposits and withdrawals. The broker does not charge you. However, they can be deducted by the transaction intermediaries.

Customer service and education

You should definitely know that if you are looking for a broker with whom you can do everything in your native language, i.e. in Czech, Eightcap is not the right one for you. You cannot read his website, documents or educational materials in Czech. In the same way, you won’t be able to communicate in Czech with customer support either.

Customer service

From our own experience, we can say that the customer service of this broker works quickly and will gladly answer all your questions. So if you can’t find an answer in the frequently asked questions section, don’t be afraid to contact customer service. You can contact him via online chat, which you can find on the broker’s website, by email or by phone. It is active 24 hours from Monday to Friday.


The possibilities of education at broker Eightcap are quite wide. Through the website, you can click through to the blog, where you can read about the basics of trading. You also have an economic calendar and current market information at your disposal. The server also provides a click through to the webinar. But it looks like those are still in the pipeline, as there are no webinars available yet.


With Eightcap you can be sure that you are trading with a safe and regulated broker. It owns licenses for the EU market. And specifically from the CySEC office. And it is therefore obliged to comply with MiFID principles. It protects its clients by securing their accounts against negative balances and keeping their finances in segregated accounts. At the same time, their finances are insured against the bankruptcy of the broker. Up to EUR 20,000.

Experience with Eightcap

Reviews of the Eightcap broker can be found on discussion forums. And most of them are positive. Traders generally report that trading with this broker is hassle-free, praising the low fees, customer support approach and the ability to choose between multiple account types.

Of course, we can also find criticism on the long side. These negative reviews are often about the trading platform being slow to respond. We also find complaints about clients not being able to get in touch with customer support. And last but not least, there are also comments on long-lasting withdrawals.

Eightcap Review – Summary

The brokerage brand Eightcap is among the brokers that are also regulated on the territory of the European Union, and therefore also in the Czech Republic. It lets you trade CFD assets, while the range of assets to trade here is rather average. But it will provide you with a fairly large selection of underlying cryptocurrencies. It gives you a choice between two trading platforms and also between multiple account types.

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