Eightcap is a forex and contracts for difference (CFD) broker that was established in Melbourne, Australia, in 2009[reference:0]. The firm has grown into a global trading-technology provider, serving retail and institutional clients across multiple regions[reference:1]. Eightcap provides access to over 800 CFD instruments, including major, minor and exotic currency pairs, indices, commodities, share CFDs, and one of the broadest crypto CFD catalogues in the industry, with more than 250 cryptocurrencies available on certain entities[reference:2][reference:3].
The broker is known for its no-dealing-desk (NDD) execution model, which aggregates pricing from top-tier liquidity providers and routes client orders directly to the market[reference:4]. This structure is intended to reduce conflicts of interest and support rapid execution speeds. Eightcap has received independent recognition, including being ranked #2 in the Top 10 Forex Brokers Worldwide at the CompareForexBrokers 2026 Broker Awards[reference:5].
In practice, Eightcap appeals to a wide range of traders—from beginners using the commission-free Standard account to active scalpers and algorithmic traders who prefer the Raw account with tight spreads and a transparent per-lot commission.
Safety is a primary concern for any trader. Eightcap operates under a multi-jurisdictional regulatory framework, which is a positive signal for client protection. The group holds licences from several tier-1 and offshore regulators[reference:6].
Eightcap Pty Ltd — AFSL 391441[reference:7]. Regulated by the Australian Securities and Investments Commission, one of the most respected financial regulators globally.
Eightcap Group Ltd — FRN 921296[reference:8]. Authorised by the Financial Conduct Authority, offering UK clients access to the Financial Services Compensation Scheme (FSCS) up to GBP 85,000[reference:9].
Eightcap EU Ltd — License No. 246/14[reference:10]. Regulated by the Cyprus Securities and Exchange Commission, providing EU passporting rights and investor compensation up to EUR 20,000[reference:11].
Eightcap Global Limited (SCB, SIA-F220)[reference:12]; Eightcap International Ltd (Seychelles FSA SD100)[reference:13]; Eightcap International Trading (Mauritius FSC)[reference:14]. These entities often serve international clients and may offer higher leverage.
🔍 Verification tip: Always verify a broker’s current regulatory status directly with the regulator’s official register. For example, you can check the FCA Financial Services Register (FRN 921296) or the ASIC Professional Registers (AFSL 391441). Regulation can change, and it is your responsibility to confirm that the entity you are trading with holds the appropriate licence for your jurisdiction.
Eightcap does not accept clients from the United States or Canada, as it does not hold an NFA/CFTC or CIRO licence[reference:15]. For traders in the UK, EU, Australia, South Africa, and parts of Asia, the multi-entity structure provides flexibility and a degree of regulatory oversight.
Eightcap uses a transparent, two-tier pricing model: the Standard account (spread-only, no commission) and the Raw account (tighter spreads plus a per-lot commission)[reference:16]. Understanding the all-in cost is essential for comparing brokers.
| Feature | Standard Account | Raw Account |
|---|---|---|
| Pricing model | Spread-only | Spread + commission |
| Commission | None | From $3.50 per lot per side (varies by entity)[reference:17] |
| EUR/USD spread (indicative) | From 1.0 pip[reference:18] | From 0.0 pips[reference:19] |
| All-in cost (EUR/USD) | ~1.0 pip | ~0.76–0.8 pip equivalent (including commission)[reference:20][reference:21] |
| Overnight financing (swap) | Applies to positions held past rollover; varies by symbol[reference:22] | |
| Deposit/withdrawal fees | No internal fees; third-party or bank fees may apply[reference:23] | |
During London session testing, the Raw account EUR/USD spread averaged 0.1 pip, with a $7 round-turn commission, bringing the all-in cost to roughly 0.8 pip—within 6% of the IC Markets cTrader Raw benchmark[reference:24]. For traders who prefer a simple cost structure, the Standard account offers a commission-free experience with spreads from 1.0 pip on major pairs[reference:25].
It is important to note that spreads are variable and depend on market liquidity, session, and the specific entity[reference:26]. Always check the live quotes in your trading platform before entering a trade.
Eightcap supports three core trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView[reference:27]. This combination covers the needs of most retail traders, from beginners to advanced algorithmic traders.
All platforms are available as desktop, web, and mobile applications, allowing traders to manage positions on the go[reference:33]. Eightcap also provides a free demo account for practice, though it expires after 30 days[reference:34][reference:35].
Eightcap offers two main live account types: Standard and Raw. Both require a minimum deposit of $100 (or equivalent in GBP, EUR, AUD, etc.)[reference:36][reference:37]. There is no VIP tier or rebate structure, which keeps the offering simple.
Leverage varies significantly by entity and client classification:
Always confirm the maximum leverage available for your specific entity and client status directly with Eightcap, as leverage limits are subject to regulatory changes and individual suitability assessments.
Opening an account with Eightcap is a fully digital process. The steps are straightforward:
Eightcap does not charge any fees for opening an account or for account maintenance[reference:43]. However, always review the specific terms and conditions for your entity, as funding methods and processing times can differ.
Even with a well-regulated broker, traders often fall into avoidable traps. Here are some of the most common errors:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money when trading CFDs with this provider[reference:45]. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Eightcap is not a financial advisor. This review does not constitute personal financial, legal, or tax advice. All trading decisions are your own responsibility. Before trading, read the broker’s official risk disclosure documents and consider seeking independent advice.
For additional investor education, refer to resources from IOSCO, the CFTC (retail forex fraud alerts), and the BIS (foreign-exchange materials). These authorities provide valuable guidance on the risks of leveraged trading and how to avoid common pitfalls.
Eightcap is regulated by multiple tier-1 authorities including the FCA (UK), ASIC (Australia), and CySEC (Cyprus). It also holds licences in the Bahamas, Seychelles, and Mauritius[reference:46]. However, the level of client protection varies by entity. Always verify the specific entity you are trading with and check its regulatory status on the official regulator’s website.
The minimum deposit is $100 (or equivalent in GBP, EUR, AUD, NZD, etc.) for both the Standard and Raw accounts[reference:47][reference:48]. Some entities or payment methods may have different minimums, so confirm the requirement during the account opening process.
Eightcap supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and TradingView with native order routing[reference:49][reference:50]. TradeLocker is also available[reference:51]. All platforms can be accessed via desktop, web, and mobile apps.
It depends on the account type. The Standard account has no commission (spread-only). The Raw account charges a per-lot commission, typically from $3.50 per side, in exchange for tighter spreads from 0.0 pips[reference:52][reference:53].
Leverage varies by entity. Offshore entities (SCB, FSA, FSC) can offer up to 1:500[reference:54]. FCA and CySEC entities cap retail leverage at 1:30 for major forex pairs[reference:55][reference:56]. Professional clients may qualify for higher limits.
Yes. Eightcap allows the use of Expert Advisors (EAs) on both MT4 and MT5 platforms[reference:57]. Scalping, hedging, and algorithmic trading strategies are also permitted without restrictions[reference:58].
Yes. Eightcap offers one of the broadest crypto CFD catalogues, with over 250+ cryptocurrencies available on certain entities (e.g., the Bahamas entity)[reference:59]. However, crypto CFDs are not offered to retail clients in the UK[reference:60].
You can verify Eightcap’s licences directly on the official regulator registers: FCA Financial Services Register (FRN 921296), ASIC Professional Registers (AFSL 391441), and CySEC (License 246/14). Always check the official sources for the most current information.