Eightcap Review & Cashback Rebates 2023
Eightcap reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
- Competitive pricing on over 1,000 instruments available for trading.
- Regulated in Australia, the EU and the Bahamas.
- Maximum leverage ratios of up to 200:1 (subject to jurisdiction).
- Deposits and withdrawals with 0 commission (including cryptos).
We start our Eightcap review with a brief analysis of the overall ratings for this Australian-based CFDs broker, given by our in-house experts in 4 categories:
Eightcap Overall rating
Rating | Weight | |
Real customer rating |
5.0 (2 reviews)
|
3 |
Popularity |
4.4
|
3 |
Regulation |
5.0
|
2 |
Pricing rating |
4.8
|
1 |
Features |
Not rated
|
1 |
Customer Support |
Not rated
|
1 |
Eightcap pricing: the broker currently scores 4.8 out of 5 for its overall competitive cost of trading. The Standard account spreads start at 1.0 pip, with no trading commissions. The RAW account spreads, for most major FX pairs, start at 0.0 pip with an industry average trading commission of $7 per round lot traded. Also contributing to the pricing rating is the most welcomed zero-fee policy for deposits/withdrawals, including a couple of selected cryptos (BTC and USDT).
Eightcap regulations: scoring an excellent 5 out of 5, Eightcap is a safe broker regarding funds safety and retail client protection. Eightcap has 3 entities regulated by top-tier financial authorities (AU ASIC, CY CySEC and UK FCA), providing retail clients with several safety mechanisms, including NBP and ICF. The broker has also an entity regulated by the Bahamas SCB catering to traders looking for higher leverage limits.
Eightcap popularity: established in 2009, Eightcap enjoys good popularity within the trading community and currently scores 4.4 out of 5. One of its key features contributing to its popularity score is its RAW account, with low spreads, merged with fast executions. Another popular feature is the capability of linking an Eightcap account to TradingView and trading directly from the charts.
Eightcap user rating: the broker receives a neutral score, as, currently, we don’t have any user reviews and feedback from verified traders holding a real trading account with Eightcap
Eightcap Regulation / Money Protection
Company | Licenses & Regulations | Segregated Client Money | Deposit Compensation Scheme | Negative Balance Protection | Rebates | Max. Leverage Retail Clients |
---|---|---|---|---|---|---|
Eightcap Pty Ltd |
|
|
|
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30 : 1 | |
Eightcap EU Ltd |
|
|
|
|
30 : 1 | |
Eightcap Group Ltd |
|
|
|
|
30 : 1 | |
Eightcap Global Limited |
|
|
|
|
200 : 1 | |
CLMarkets Limited |
|
|
|
|
500 : 1 |
Eightcap Australia’s ASIC regulation: Eightcap Pty Ltd is a company registered in Australia, with ABN 79 139 495 944, and regulated by Australia’s ASIC with ACN number 139 495 944 and AFSL licence number 391441.
Eightcap Cyprus CySEC regulation: Eightcap EU Ltd is a company registered in Cyprus, with CIF number 329922, and is authorised and regulated by Cyprus Securities and Exchange Commission (CySEC) with licence number 246/14.
Eightcap UK FCA regulation: Eightcap Group Ltd is incorporated in the UK with company number 12448314, and authorised and regulated by the UK’s Financial Conduct Authority (FCA), with firm reference number 921296.
Eightcap Bahamas SCB regulation: Eightcap Global Limited is the main counterparty for the international clientele. Eightcap Global Limited, with a registered office at 208 Church Street, Sandyport, Nassau, New Providence, The Bahamas is authorised and regulated by the Securities Commission of The Bahamas with licence number SIA-F220.
Eightcap Saint Vincent & Grenadines registration: CLMarkets Limited, trading as Eightcap International, is a company incorporated in Saint Vincent and the Grenadines and registered as an International Business Company, with number 24750 IBC 2018. The registered address of CLMarkets Limited is at Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont, Kingstown, Saint Vincent and the Grenadines.
Client Money Protection
Eightcap complies with the highest safety standards regarding clients' funds, by offering segregated accounts with any of its group entities. Eightcap clients’ funds are kept fully segregated from the company's funds, in top-tier international banks.
Regulatory Deposit Insurance
The Cyprus CySEC regulated entity, Eightcap EU Ltd, is a member of the Investor Compensation Fund (ICF), a compensation fund for clients of CIF companies. The ICF functions are regulated by the directive DI87-07 of the CySEC, and, in the unlikely event that Eightcap EU Ltd has been declared to be in default, clients might be entitled to compensation up to the value of €20,000 per claim.
The UK’s FCA-regulated entity, Eightcap Group Ltd, is a member of the Financial Services Compensation Scheme (FSCS), a compensation fund for clients of UK’s FCA-regulated financial companies. In the unlikely event that Eightcap Group Ltd has been declared to be in default, clients might be entitled to compensation up to the value of £85,000 per claim.
Negative Balance Protection
Following ESMA and ASIC's product interventions, clients of the Eightcap EU Ltd, Eightcap Group Ltd and Eightcap Pty Limited entities are protected by a default Negative Balance Protection mechanism. Clients of Eightcap Global Limited, supervised by Bahamas SCB, are also protected by a default NBP mechanism.
With NBP, in place to prevent a negative account balance, retail traders are protected from any losses bigger than their original investments, in cases of extreme market volatility.
Eightcap Cashback rebates
Standard | Raw | |
Forex | 0.36 Pips | 0.24 Pips |
Oil / Energies | 0.06 Pips | |
Metals | 0.30 Pips | |
Indices | 0.15 Pips | |
Cryptocurrencies | Up to $18.9936 Per Lot | |
Payment Options |
Monthly Cash Back - Real Time Reports
|
Standard | |
Forex | 0.36 Pips |
Oil / Energies | 0.06 Pips |
Metals | 0.30 Pips |
Indices | 0.15 Pips |
Cryptocurrencies | Up to $18.9936 Per Lot |
Payment Options |
Monthly Cash Back - Real Time Reports
|
Raw | |
Forex | 0.24 Pips |
Oil / Energies | 0.06 Pips |
Metals | 0.30 Pips |
Indices | 0.15 Pips |
Cryptocurrencies | Up to $18.9936 Per Lot |
Payment Options |
Monthly Cash Back - Real Time Reports
|
What are Eightcap rebates?
Many traders initially believe there must be higher costs elsewhere to compensate, however they soon find there is no catch and Forex rebates truly reduce the costs of the transaction and improve their bottom line.
How do Eightcap rebates work?
When you link a new or existing forex trading account to us the broker pays us part of their spread or commission profit for every trade you make as compensation for referring a customer to them. We then share the majority of our revenue with you, paying you a cash rebate for each trade you make as thank you for signing up with us.Unlike some of our competitors your spreads will never increase as a result of using our service! The only difference is: as our client you earn extra cash per trade, making trading through us more profitable than opening direct with the broker. Founded in 2007, we are the original and leading provider of forex rebates. We pay rebates to over 100,000 accounts and traders love our helpful 24 hour live chat, telephone and email support.
How much Eightcap rebates can I earn?
Are Eightcap rebates a scam; do my spreads increase?
When working with a trustworthy rebate provider, there is no ‘catch’. It is more beneficial to a trader’s financial position to work with a rebate provider than solely with the forex broker.
Are there any other benefits to signing up for Eightcap rebates?
How are forex rebates paid?
Because we deal with so many traders in so many different countries and serve 23 languages we have to cover a wide array of options. Here’s what we offer:
Forex rebate options vary per broker:
Monthly cash back | Payments are credited and sent automatically by the 12 of the month following the month rebates are earned in. |
Spread or commission reduction | The trader actually receives reduced commissions and/or spreads. This is an exciting option offered by some of our top brokers. |
Paid direct to brokerage account | Cashback is credited directly to the trader’s brokerage account, typically between 1-7 days after the trade is closed. This is another exciting options offered by some of our top brokers. |
In the case of the ‘Monthly cash back’ rebate option, monthly payments can be paid via bank wire, Paypal, Skrill, Sticpay, China Unionpay, and Neteller. Some payment methods such as bank wire carries fees and often traders set a custom minimum payment amount in order to accumulate rebates and withdraw their rebates less often than monthly.
Eightcap Web traffic
Websites |
join.eightcap.com
|
Organic monthly visits | 699,574 (99%) |
Organic traffic rank | 40 out of 1759 (Forex Brokers) |
Paid monthly visits | 5,227 (1%) |
Total monthly visits | 704,801 |
Bounce rate | 57% |
Pages per visit | 5.81 |
Average visit duration | 00:03:04.9770000 |
Eightcap Profile
Company Name | Eightcap Global Limited |
Categories | Forex Brokers, Cryptocurrency Brokers, Forex Rebates, Cryptocurrency Rebates |
Primary Category | Forex Brokers |
Year Founded | 2009 |
Headquarters | Australia |
Office Locations | Australia |
Account Currency | AUD, CAD, EUR, GBP, NZD, SGD, USD |
Support Languages | English, French, German, Portuguese, Spanish, Thai, Vietnamese, Bahasa (Indonesian), Chinese (Traditional) |
Funding Methods | Bank Wire, Bitcoin, BPAY, China Union Pay, Credit/Debit Card, FasaPay, Neteller, PayPal, POLi, Skrill, Tether (USDT), PayRetailers, Worldpay, PSP |
Financial Instruments | Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals |
Established in 2009, Eightcap is an award-winning FX and derivatives broker offering traders access to several markets including forex, indices, shares, crypto and commodities CFDs. Proposing over 1,000 financial instruments available for trading, including an extensive range of over 250 crypto derivatives, Eightcap provides traders with transparent pricing and low-latency executions, ultimately, giving traders a smooth trading experience.
Eightcap is constantly researching and developing products and technologies intended to provide a personalised trading experience, via industry-leading trading platforms, top-notch trading tools, excellent educational resources and efficient 24/5 customer support. The broker is regulated in multiple jurisdictions, including ASIC, FCA, CySEC and the SCB.
Since its creation, Eightcap has managed to gain an industry-leading position as a trusted and regulated broker, also thanks to its fast and efficient trading technology and reliable trading servers, maximizing order execution speeds on all of its trading platforms. Trading with Eightcap can be done through the MetaTrader4 and MetaTrader5 platforms, and also by connecting a live account to TradingView, on a variety of popular financial instruments.
Eightcap Asset classes
Eightcap features an excellent range of over 1,000 CFDs (subject to the contracting entity), providing traders with reliable access to multi-asset trading. Both Eightcap’s trading platforms (MT4/MT5) are available for desktop computers, as a stand-alone Web Trader and for mobile devices. The TradingView charting is available only to traders connecting a live Eightcap account and for web browsers.
Currencies: 40+ pairs, including Minor and Exotic crosses.
Cryptocurrencies: Eightcap boasts one of the most comprehensive crypto CFDs offering, with 250+ CFDs, including crypto-crosses and crypto indices. Check out the complete list of crypto markets available with Eightcap. Please note that crypto derivatives availability is subject to the contracting entity/jurisdiction.
Commodities: 4 CFDs, divided into 2 metals (XAU and XAG) and 2 energies (Brent and WTI).
Indices: 8 CFDs of global stock exchanges, including the FTSE 100, CAC 40, US 30 and ASX 200.
Stocks: 1,000+ CFDs of top companies and banks listed on the US, Australian, LSE, and XETRA stock exchanges, including Apple, Amazon, AstraZeneca, British American Tobacco, Commonwealth Bank, Facebook, Netflix, Rio Tinto, SAP, Volkswagen, and more. Please note that stocks CFDs are available only with the MT5 platform and TradingView charts.
Eightcap Account types
Standard | Raw | |
Maximum leverage | 200:1 | 500:1 |
Mobile Platform | MT4 Mobile, MT5 Mobile | |
Trading Platform | MT4, MT5, WebTrader | |
Spread Type | Variable Spread | |
Minimum Deposit | 100 | |
Minimum Trade Size | 0.01 | |
Trailing Stops | ||
Scalping Allowed | ||
Hedging Allowed | ||
Islamic Accounts |
Standard | |
Maximum leverage | 200:1 |
Trading platform | MT4MT5WebTrader |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 100 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
|
Raw | |
Maximum leverage | 500:1 |
Trading platform | MT4MT5WebTrader |
Mobile platform | MT4 MobileMT5 Mobile |
Spread type | Variable Spread |
Minimum deposit | 100 |
Minimum Trade Size | 0.01 |
Trailing Stops | |
Scalping Allowed | |
Hedging Allowed | |
Islamic Accounts |
|
Eightcap proposes only two trading accounts: Standard and RAW, both with variable spreads and low initial deposits. The Standard account is commission-free and could represent the ideal solution for traders looking to trade only with the bid/ask prices.
The Eightcap RAW account is tailored for traders looking for more competitive pricing, with forex spreads from 0.0 pips and a commission of $7 per round lot. Within the Eightcap range of accounts traders can also find:
Swap-free accounts for traders of Islamic belief are not supported by Eightcap.
Social trading, including copy trading, is currently unavailable with Eightcap.
PAMM and MAM accounts (Multi-Account Manager) are available for money managers. Please contact Eightcap for more details.
Eightcap leverage ratios are up to 200:1 for accounts opened with Bahamas SCB regulated entity. For accounts opened with Australia’s, UK’s and Cyprus regulated entities is 30:1.
Eightcap Demo account
Eightcap demo account gives users the chance to test the broker's pricing and execution on several asset classes, without risking any real money.
The demo account is non-expiring
Virtual funds: up to $100,000
Max leverage: up to 200:1
Asset classes (subject to chosen platform): forex, indices, stocks, commodities, crypto derivatives
Register for free and test your trading strategies, open a Eightcap demo trading account with no risk and no obligation now.
Eightcap Pricing
Account/Pricing | Standard | RAW |
---|---|---|
EUR/USD Spread | from 1.0 pip | from 0.0 pip |
EUR/USD 1 lot commission | $0 | $7 |
EUR/USD 1 lot swap rate (30-06-2022) |
|
Spreads and trading commissions
For our Eightcap price comparison table, we use the pricing for the popular EUR/USD pair as the benchmark. The reason is simple, every broker wants to be competitive on the most traded FX pair.
Eightcap Standard account spread starts at 1.0 pip, trading is commission-free and can be opened with a minimum deposit of $100. The Standard account is offered with both the MT4 and MT5 and with leverage ratios up to 200:1 – subject to the contracting entity.
The RAW account spread starts at 0.0 pip, and following an ECN pricing mode, there’s a trading commission of $3.5 per lot, per side ($7 per round lot). The Eightcap RAW account is also offered with both the MT4 and MT5 and with leverage up to 200:1 – also, subject to the contracting entity.
Rollover rates
Eightcap swap rates, as of 30-06-2022, for 1 lot EUR/USD (100,000 units) are -5.3398 points for holding a long 1 lot position overnight and +3.1802 points for holding a short 1 lot position.
Eightcap charges a 3-day swap rate on Wednesdays, at midnight server time, GMT+2 (DST) – GMT+3 (ST).
Eightcap Deposits / Withdrawals
Eightcap proposes two distinct trading accounts, with a highlight for the RAW account (in our opinion the best choice, for its pricing model) and in several base currencies. The broker also provides multiple funding methods, including the most popular e-wallets:
Account currencies: AUD, CAD, EUR, GBP, NZD, SGD and USD.
Standard and RAW account minimum deposit: 100 USD.
Funding methods: Bank Wire, Credit/Debit Cards, POLi, BPAY, China UnionPay, Skrill, Neteller, BTC, Tether, PayPal, Worldpay, Fasapay, PSP (virtual account), PayRetailers. Please note that funding methods availability is subject to jurisdiction.
Deposit fees: Eightcap does not charge fees for deposits. However, payments from international banking institutions may attract intermediary transfer fees and/or conversion fees. Any such fees will be the responsibility of the client.
Deposit processing times: from instant to 10 minutes (bank wires up to 3 working days).
Withdrawal fees: Eightcap does not charge fees for withdrawals. However, withdrawals to banking institutions may be subject to bank fees from any intermediary bank involved in the transaction and may attract a receiving fee from your bank/institution.
Withdrawal processing times: variable, from instant to 1 business day.
Inactivity fee: Eightcap does not charge an inactivity fee or any account maintenance fees.
For more information, please visit the Eightcap funding web page and the Eightcap withdrawal web page, or log in to your Eightcap Client Portal.
Eightcap Popularity
We base our popularity ranking on the Web Traffic metrics and analyse the organic monthly traffic received by Eightcap, including the average visit time. Eightcap's popularity is always growing with the retail trading community, also because of its many features:
Client safety mechanisms: segregated client money, negative balance protection and regulatory deposit insurance – subject to jurisdiction.
Competitive pricing: spreads from 0.0 pip on the RAW account, industry-average trading commissions of $7 per traded lot, zero fees on deposits/withdrawals.
Execution model: MM.
Trading education: Live webinars, market news, market analysis, trading strategies, and trading tools (Capitalise ai, Cryptocrusher, Amazing Trader and Forex VPS).
Customer support languages: Bulgarian, Chinese, English, French, German, Indonesian, Italian, Korean, Malay, Portuguese, Spanish and Thai.
Overall, the excellent range of financial assets available for trading, the competitive pricing and fast executions, the strong retail client protection mechanisms (subject to jurisdiction), merged with the attractive zero-fees for deposits and withdrawals, including a couple of popular cryptos, position Eightcap on the top 10 brokers with traders opening a trading account in 2023.
Eightcap FAQs
- Is Eightcap a regulated retail forex broker?
- What is Eightcap's minimum deposit?
- What is Eightcap's maximum forex leverage?
- Can I earn rebates with Eightcap?
- Which funding methods are accepted by Eightcap?
- Which account currencies are available with Eightcap?
- Which trading platforms are available with Eightcap?
- Does Eightcap offer Cent accounts?
- Does Eightcap have negative balance protection?
- Does Eightcap have regulatory deposit insurance?
- Does Eightcap have swap-free accounts for traders of Islamic belief?
- Does Eightcap accept applications from residents in Japan?
- Does Eightcap accept applications from residents in Canada?
- Does Eightcap allow scalping trading?
- What is the Eightcap's order execution model?
- Does Eightcap have mobile trading platforms?
- Does Eightcap have a trading API?
- Does Eightcap pay interest on margin?
- What type of spreads are Eightcap's spreads?
Is Eightcap a regulated retail forex broker?
Yes, Eightcap is a regulated forex broker. The broker is regulated in Australia by ASIC, in Europe by Cyprus CYSEC and UK’s FCA, and also by Bahamas SCB.
What is Eightcap's minimum deposit?
Eightcap's minimum deposit, for the Standard and RAW accounts, is 100 USD.
What is Eightcap's maximum forex leverage?
Eightcap's maximum forex leverage ratio is 200:1 for accounts opened with the entity regulated by Bahamas SCB. For accounts opened with the entities regulated by Australia’s ASIC, UK’s FCA and Cyprus CySEC is 30:1.
Can I earn rebates with Eightcap?
Yes, traders can earn rebates from trading with Eightcap. Please check the cashback rebates section.
Which funding methods are accepted by Eightcap?
Eightcap accepts account deposits with bank wire, credit & debit cards, and multiple e-wallets: POLi, BPAY, China UnionPay, Skrill, Neteller, PayPal, Worldpay, Fasapay, PSP (virtual account) and PayRetailers. Eightcap also accepts account funding with 2 popular cryptos, BTC and USDT. Please note that funding methods availability is subject to jurisdiction.
Which account currencies are available with Eightcap?
Traders can open an Eightcap trading account in USD, EUR, GBP, CAD, AUD, NZD and SGD.
Which trading platforms are available with Eightcap?
Investors can trade the markets via Eightcap’s MT4 and MT5. Traders can also connect a live account to TradingView and trade directly from the charts (available in web browser version only).
Does Eightcap offer Cent accounts?
No, Eightcap does not have Cent accounts.
Does Eightcap have negative balance protection?
Yes, Eightcap offers a default NBP mechanism for retail traders opening an account with any of the group entities.
Does Eightcap have regulatory deposit insurance?
Yes, Eightcap offers regulatory deposit insurance covering retail traders opening a trading account with the Cyprus CySEC and the UK’s FCA-regulated entities. For accounts opened with the CySEC regulated entity, the regulatory deposit insurance covers deposits up to the value of €20,000. For accounts opened with the FCA regulated entity, the regulatory deposit insurance covers deposits up to the value of £85,000.
Does Eightcap have swap-free accounts for traders of Islamic belief?
No, currently Eightcap does not offer swap-free accounts for traders of the Islamic religion.
Does Eightcap accept applications from residents in Japan?
No, Eightcap does not accept applications from residents in Japan.
Does Eightcap accept applications from residents in Canada?
Yes, Eightcap accepts applications from residents in Canada.
Does Eightcap allow scalping trading?
Yes, Eightcap allows scalping trading with any of the group entities. Hedging is allowed only with the non-ASIC regulated entities.
What is the Eightcap's order execution model?
Eightcap’s order execution model is MM (Market Maker).
Does Eightcap have mobile trading platforms?
Yes, Eightcap has the MT4 and the MT5 trading platforms available for mobile devices running on iOS and Android systems.
Does Eightcap have a trading API?
Yes, Eightcap publishes a trading API.
Does Eightcap pay interest on margin?
No, Eightcap does not pay any interest on margin.
What type of spreads are Eightcap's spreads?
Eightcap’s spreads are variable only (from 0.0 pip), the broker does not offer fixed spread accounts.
Eightcap Real customer rating
Eightcap reviews by verified customers, cashback rebates, expert ratings, spreads & fees, leverage, demo accounts, downloads, trading platforms and more.
Please make sure your comments are relevant and that they do not promote anything. Irrelevant comments, including inappropriate or promotional links, and comments containing abusive, vulgar, offensive, threatening or harassing language, or personal attacks of any kind, will be deleted.
Currently, we do not have enough data from Eightcap's verified customers, with a real trading account, to analyse and publish the client's feedback. We will update the Eightcap user rating section soon.
Review sources
With over 10 years of industry presence, we are a leading IB broker of forex and CFDs trading accounts to almost all of the world's top brokers. One of our primary missions is also to help the trading community make informed decisions, by publishing accurate and unbiased content, supported mainly by primary sources.
These sources may include government data, the information supplied by the broker and data available on the broker's corporate website(s), the analysis and reviews of our in-house industry experts, and the feedback provided by the broker’s verified traders with a live account. The information on this Eightcap review page was also sourced from:
Australian Securities and Investments Commission website, Eightcap Pty Ltd, company details page.
Cyprus Securities and Exchange Commission website, Eightcap EU Ltd, company details page.
UK Financial Conduct Authority website, Eightcap Group Ltd, company details page.
Bahamas Securities Commission website, Eightcap Global Ltd, company details page.
Eightcap website, Trading Accounts, trading accounts comparison page.
Eightcap website, Contracts Specs, financial instruments specifications page.
Eightcap global website, Funding and Withdrawal, deposit/withdrawal methods and fees page.
Eightcap global website, Help Centre, frequently asked questions page.
FXverify website, Eightcap user reviews by verified traders with a live account, reviews page.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.