Eightcup Group was established in 2009 in Melbourne, Australia's traditional financial center. The company's management team consists of elites who have over 20 years of experience in the forex and financial fields in investment banks and are committed to providing traders with a fair, transparent, and trustworthy trading environment. The company currently holds a full license from the Australian Securities and Investments Commission (ASIC) and a retail forex license from the Vanuatu Financial Services Commission (VFSC).

Basic Information & Regulators of Eightcap

Eightcap Group was established in 2009 in Melbourne, Australia's traditional financial center. The company's management team consists of elites who have over 20 years of experience in the forex and financial fields in investment banks and are committed to providing traders with a fair, transparent, and trustworthy trading environment. The company currently holds a full license from the Australian Securities and Investments Commission (ASIC) and a retail forex license from the Vanuatu Financial Services Commission (VFSC)...

Safety Analysis

Eightcap Group is regulated by the Australian Securities and Investments Commission (ASIC), the world's leading regulatory body, and separates client funds from the company's operating funds, which are held in client trust accounts in AA-rated banks around the world.

Market Instruments of Eightcap Forex

Eightcap offers mainstream and popular financial instruments in the global financial markets, including forex (42 currency pairs), indices, precious metals (gold, silver), crude oil. Trading hours for all Forex currency pairs are 24 hours, but to avoid the market's low liquidity of around 00:00 platform time and the resulting high spreads, the market is closed for 5 minutes from 00:00 to 00:05 platform time every day.

Leverage & Account

To meet investors' various investment needs and strategies, the company has set up Standard Commission-Free Accounts and Raw Spread Accounts. The minimum deposit for a standard commission-free account is $200 or its currency equivalent, while the minimum deposit for a raw spread account is $500 or its currency equivalent. Both accounts have a maximum leverage of 1:400.

Spreads & Commission Fees Eightcap Forex Broker

Forex has the most competitive spreads in the market due to its fully transparent and open pricing model. The minimum spreads for standard commission-free accounts start from 1.0 pips and 0.0 pips for raw spread accounts. The minimum spread for indices, precious metals products is 0.5 pips and for crude oil is 1.0 pips. The commission of the raw spread account is US$7 per standard lot. SWAPs are calculated in the early morning hours of each trading day at exactly the same time. The market is closed on Saturday and Sunday, so SWAPs on Wednesdays are three times higher than usual.

Trading Platform Applied

Eightcap uses the popular MT4 trading platform, which has a mobile application for Apple and Android smartphones and tablets, allowing traders to view live charts, place orders, and track trade history using their mobile devices and the desktop version of MT4.

Deposit & Withdrawal

Eightcap offers investors various safe and convenient ways to deposit and withdraw funds, mainly China UnionPay, bank wire transfers, Visa/MasterCard credit cards, Skrill e-wallets, and POLi. The company does not charge any fees for deposit and withdrawal, but the bank may charge users paying from non-Australian banks a fee.