What type of broker is Eightcap? (2024)

What type of broker is Eightcap?

MT5 users can also access CFD cryptos but popular asset types like real stocks and ETFs are not available. Eightcap is primarily a forex broker, but it also has some CFDs in its product selection, since it added Australian, US, UK and German shares.

Is Eightcap a regulated broker?

Yes, Eightcap is regulated in multiple jurisdictions to provide you with a safe trading environment. For full details of our regulated entities, visit the Compare Our Offering page.

Is Eightcap a bad broker?

Eightcap is a great option for traders looking for a straightforward and transparent trading environment because it offers a range of trading platforms, including MetaTrader 4 and MetaTrader 5, as well as affordable fees and spreads.

What type of account is Eightcap?

Eightcap ranks among the most competitive Forex brokers and leading cryptocurrency CFD brokers. Eightcap has two account types: its commission-free Standard account and its competitively priced commission-based Raw account.

Is Eightcap an ECN broker?

Yes, Eightcap is an ECN broker. The broker offer both ECN accounts and commission-free market maker accounts.

Can I use Eightcap broker in USA?

No, you can't open an account at Eightcap if you live in the United States! As a global broker, Eightcap accepts clients from almost every country. Exceptions include countries like Iran, North Korea and the Republic of the Congo.

What happened to Eightcap broker?

FNG has learned that Retail FX and CFDs broker Eightcap has informed its prop trading clients that it will be halting brokerage services for all prop trading firms, as of the end of February.

Is Eightcap a liquidity provider?

Eightcap is a broker that offers its clients transparency, client support, competitive spreads, premium liquidity, and much more.

How much is the commission per lot in Eightcap?

Eightcap offers traders a competitive pricing environment in its commission-based Raw account. Eightcap fees consist of minimum spreads of 0.0 pips for a commission of $7.00 per 1.0 standard round lot, charged at $3.50 when opening and closing a position.

What is the minimum deposit for Eightcap broker?

The minimum account deposit is $100 (or account currency equivalent) when you fund for the first time. What type of accounts does Eightcap offer? We offer two types of accounts, Standard Account and Raw Account. Both of them provide the same trading conditions, extras and features.

How long has Eightcap been around?

Eightcap launched in 2009. We were founded in Melbourne, Australia with a simple, clear mission: to provide exceptional financial services to our clients.

Does Eightcap use TradingView?

Yes, you can connect your Eightcap account to TradingView as of January 2024, allowing you to make trades directly from TradingView.

How long does Eightcap broker withdrawal take?

Withdrawing funds from your trading account is an effortless process. You can request to withdraw funds from your account by submitting an online form through the Client Portal. We will endeavour to process your withdrawal request within 24 business hours.

What can you trade with Eightcap?

Financial assets can be owned with the aim of trying to obtain a profit when sold or bought. With Eightcap you can speculate on prices rising and falling via CFDs, the financial instruments you can open positions on include Forex, Indices, Shares and Commodities on the MT4 or MT5 trading platform.

Is Eightcap or ThinkMarkets better?

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, ThinkMarkets ranks more highly than Eightcap.

Is Eightcap free?

We do not charge any fees on our FX or CFD products. However, fees may apply to open positions held overnight.

Do billionaires use brokers?

A prime brokerage

A billionaire may use some or all of these services, but for buying stocks, they may use a prime brokerage specifically to borrow securities for short selling (making money from stocks when they go down) or borrowing large amounts of money to buy stocks on margin.

Who is the top broker in USA?

The big four brokerage firms in the U.S. are Charles Schwab, Fidelity Investments, E*TRADE, and Vanguard. That's based on the sizes of their customer numbers and assets under management. This list of the top brokerage firms is by no means static.

Who is the founder of Eightcap?

Joel Murphy - Eightcap | LinkedIn.

Who is the CEO of Eightcap?

Melbourne, Jan. 31, 2023 — Australian-founded derivatives broker, Eightcap, has today announced the appointment of Alex Howard as CEO, commencing in the role this month. Founder and outgoing CEO, Joel Murphy, said he was confident that Eightcap would continue to thrive under Howard's leadership.

Does Eightcap have a demo account?

Yes, we want to provide you with the opportunity to become familiar with the trading environment and test our platform before you apply for a live account. Our demo account normally lasts for 30 days.

Which broker is linked to TradingView?

Tradingview supports integration with dozens of brokers globally across stocks, options, forex and crypto. Popular US stock brokers like Etrade, Interactive Brokers and TD Ameritrade are supported. For forex, brokers such as Oanda, FXCM and IG Markets allow you to trade currency pairs directly on Tradingview.

Do professional traders use TradingView?

TradingView isn't just for beginners, many professional traders utilize the platform as well. They appreciate its performance, coverage of hundreds of exchanges, comprehensive trading tools, and the availability of resources like news, education, and trade ideas.

Does Eightcap have MT5?

Download MT5 on Windows, Mac, iOS, and Android devices.

Does Eightcap accept Nigerians?

Is Eightcap Safe? Yes, Eightcap is a safe broker for Nigerians to trade with. It maintains regulation from the Australian Securities and Investments Commission (ASIC), the Securities Commission of Bahamas (SCB), and is registered in Vanuatu.