Eightcap offers a range of trading accounts tailored to different trader profiles. The primary account types are the Standard Account, the Raw Account, and the Islamic (Swap-Free) Account. Each account type varies in terms of spreads, commissions, minimum deposit requirements, and leverage availability.
Eightcap is a globally recognised broker with multiple regulatory licences, including the UK Financial Conduct Authority (FCA) under reference number 920058, the Australian Securities and Investments Commission (ASIC) under AFSL 391441, and the Cyprus Securities and Exchange Commission (CySEC) under Licence 424/22. The broker also holds a licence from the Securities Commission of the Bahamas (SCB) under SIA-F217.
Eightcap's account types are available across its proprietary and MetaTrader platforms, including MT4 and MT5. The broker supports over 800 tradable instruments, including forex, commodities, indices, equities, and cryptocurrencies.
The two main account types — Standard and Raw — cater to different trading styles and cost structures. Below is a detailed comparison of their key features.
| Feature | Standard Account | Raw Account |
|---|---|---|
| Spreads (EUR/USD) | From 1.0 pips | From 0.0 pips |
| Commission | None (zero commission) | $3.50 per side per standard lot (≈$7 round-turn) |
| Minimum Deposit | $100 (or equivalent) | $100 (or equivalent) |
| Leverage (max) | Up to 1:500 (entity dependent) | Up to 1:500 (entity dependent) |
| Best For | Beginners, swing traders, and those who prefer no commissions | Scalpers, day traders, and high-volume traders |
| Execution Type | Market execution with no dealing desk | Market execution with raw interbank spreads |
| Minimum Trade Size | 0.01 lots (micro-lot) | 0.01 lots (micro-lot) |
According to Eightcap's official pricing, the all-in cost on the Raw account for EUR/USD can be as low as 0.5–0.6 pips when factoring in the commission. This makes it highly competitive for active traders. However, the Standard account remains a popular choice for beginners due to its simplicity and zero-commission structure.
Eightcap offers an Islamic (swap-free) account for traders who follow Sharia law, which prohibits earning or paying interest (riba). On this account, no swap or rollover fees are charged on overnight positions. Instead, Eightcap may apply an administrative fee to cover the cost of holding positions overnight, which is disclosed in the account terms.
The Islamic account is available on both the Standard and Raw account structures, with the same spreads, commissions, and minimum deposit requirements. To open an Islamic account, you must request it during the account opening process and provide evidence of your religious adherence.
Before opening any account with Eightcap, performing thorough due diligence is essential. This includes verifying the broker's regulatory status, understanding the investor protections available, and reviewing the fees and terms that apply to your specific account type.
You can check Eightcap's licences and registration through the following official registers:
According to the CFTC's retail forex fraud education materials and the IOSCO investor alerts, verifying a broker's regulatory status is one of the most critical steps in avoiding fraudulent operations. Always cross-reference the licence number and entity name directly with the regulator's website, not just the broker's own site.
Choosing the right account type depends heavily on your trading style, frequency, and risk tolerance. Below are three practical scenarios illustrating which account type may suit different approaches.
Scenario 1 – Beginner Swing Trader (Standard Account): Emily is new to forex trading. She plans to hold positions for several days to weeks, focusing on major currency pairs. She chooses the Standard account because it has no commissions and a simple cost structure (spread only). Her average trade size is 0.1 lots, and she trades 3–5 times per week. The Standard account's higher spread is acceptable given her lower trading frequency.
Scenario 2 – Active Scalper (Raw Account): James trades EUR/USD and GBP/USD multiple times per day, using the 1-minute and 5-minute charts. He needs tight spreads to minimise costs. He chooses the Raw account, which offers spreads from 0.0 pips, and pays the $3.50 commission per side. For his volume (average 1–2 lots per trade), the Raw account is more cost-effective than the Standard account.
Scenario 3 – Sharia-Compliant Trader (Islamic Account): Ahmed is a Muslim trader who follows Sharia law. He opens an Islamic (swap-free) account on the Raw structure to benefit from tight spreads while avoiding interest charges. He holds positions for a few days and pays an administrative fee instead of swap. He carefully reviews the fee schedule to ensure it aligns with his trading plan.
Selecting the right account type involves evaluating your trading style, capital, and cost sensitivity. Use this practical checklist to guide your decision.
Tip: You can contact Eightcap's support team to discuss your trading needs and receive guidance on the most suitable account type.
Forex and CFD trading carry a high level of risk and may not be suitable for all investors. According to ESMA and ASIC data, a significant proportion of retail investor accounts lose money when trading CFDs. Eightcap reports that approximately 70–75% of retail investor accounts lose money trading CFDs with the firm.
Key risks to consider regardless of your account type:
This guide is for educational and informational purposes only. It does not constitute financial, legal, or trading advice. Always verify current leverage limits, margin requirements, and risk policies directly with the official Eightcap website or your client area. Consider consulting a qualified financial advisor before making any trading decisions.
References: FCA Financial Services Register, ASIC Professional Register, CySEC Public Register, CFTC RED List, ESMA Product Intervention Measures, and Eightcap's official risk disclosure documents.
The minimum deposit for both the Standard and Raw accounts is $100 (or equivalent in other currencies). This applies to most entities, though regional variations may exist.
The Standard account has no commission but wider spreads (from 1.0 pips on EUR/USD). The Raw account has tighter spreads (from 0.0 pips) but charges a commission of $3.50 per side per standard lot. The Raw account is generally more cost-effective for active, high-volume traders.
Yes. Eightcap offers an Islamic account on both the Standard and Raw structures. This account is swap-free and is available to traders who follow Sharia law. Administrative fees may apply for overnight positions.
Yes, in most cases. You can request to switch your account type from Standard to Raw or vice versa by contacting Eightcap's support team. However, you may need to open a new account for the Islamic version.
Leverage depends on the regulatory entity. For retail clients under FCA and CySEC, maximum leverage is capped at 1:30 for major currency pairs. Under ASIC and SCB, leverage can go up to 1:500, subject to eligibility.
Eightcap does not typically charge inactivity fees, but this may vary by entity and account type. Check the official terms and conditions for your specific account.
Yes. Eightcap is regulated by multiple authorities, including the UK FCA (FRN 920058), ASIC (AFSL 391441), CySEC (Licence 424/22), and SCB (SIA-F217). Always verify the regulator for your specific region.
The Standard account is often recommended for beginners due to its simple cost structure (no commissions) and ease of understanding. It allows new traders to focus on learning the markets without the added complexity of commission calculations.