My Review of the Eightcap Platform (April 2025)

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Founded in 2009, Eightcap is a broker specialising in Forex and CFD trading, giving Australian traders access to over 800 financial instruments. Regulated by several reputable authorities, including CySEC, ASIC in Australia and the FCA in the United Kingdom, it has established itself as a competitive platform for traders looking for tight spreads and fast execution.

I spent several months testing Eightcap in detail, analysing its tools, fees and the overall quality of its user experience to answer the following questions: Is Eightcap reliable? What are its advantages and disadvantages? Is it suitable for beginner or experienced traders? How does it compare to other regulated Forex and CFD brokers in Australia?

To get a clear and objective view, I examined every aspect of the broker: registration process, trading conditions, variety of available assets, quality of platforms and analytical tools, and the efficiency of customer service.

So here is my complete review of Eightcap, based on my experience and in comparison with other brokers that I have tested.

What to think of Eightcap?

My overall opinion on Eightcap

After several weeks of testing, I can say that Eightcap has really left me with a good impression. If you are an active trader like me, looking for a smooth and well-structured trading environment, you will find what you need.

What immediately appealed to me were the very competitive spreads, especially on the Raw account. Order execution is fast, which is essential for scalping or intraday trading.

From a regulatory standpoint, it's rock solid: ASIC, FCA, CySEC. Even though it's not registered with the ASIC, it's perfectly accessible in Australia via its CySEC accreditation, which is an organisation recognised by the ASIC. Funds are well secured, and there's negative balance protection for retail clients.

I have personally used the TradingView connection extensively, which allows trading directly from the charts. I have also tested MT5, which is very comprehensive. A nice bonus: FlashTrader, a well-designed tool for automating the placement of stops and targets as soon as a trade is opened.

The offer remains 100% CFD, so there is no spot buying or ETFs. That said, there is diversity: Forex, indices, international shares, commodities, cryptos... and all this with transparent fees. No fees on withdrawals or deposits, just an inactivity fee of $10 after three months of no movement.

Finally, the customer support has always been responsive in my case, whether via chat or email. And the reviews on Trustpilot (4.2/5) confirm this good general impression.

Which trader profiles is Eightcap suitable for?

In my opinion, Eightcap is particularly suitable for:

=> For active and experienced traders, who are looking for very competitive spreads, fast order execution and advanced tools to refine their strategy. The Raw account, with tight spreads, is ideal for day traders and swing traders wishing to minimize their transaction costs.

=> To traders specialising in Forex and CFDs, with over 800 instruments available, including 45+ currency pairs, major indices, international equity CFDs, commodities, and over 100 cryptocurrencies. Leverage can be up to 1:500 for professionals or clients outside the EU, offering real flexibility in volatile markets.

=> For technical traders, thanks to access to MetaTrader 5, TradingView and MetaTrader 4 (on request). The broker also offers tools like FlashTrader for automated order management.

On the other hand, Eightcap is less suitable for long-term investors, as it does not allow the purchase of stocks or ETFs on the spot, only trading via CFDs. 

Eightcap main features:

My Opinion on the Security and Reliability of the Eightcap Broker

As a trader, the first thing I check with a broker is the strength of its regulation and the security of funds. On these points, Eightcap clearly inspired confidence in me. The regulators are serious, client funds are properly segregated, and risk management tools are up to par. Here's what I take away from it:

My Review of Eightcap's Fees, Spreads, and Commissions

What I immediately appreciated about Eightcap are the clear and competitive trading conditions, especially when trading regularly. I tested both types of accounts available, and each has its advantages depending on your style.

• The Standard account is perfect for starting: no commission, just an integrated spread, generally around 1.0 pip on EUR/USD. It's simple, no surprises.
• The Raw account is what I use most often. It offers particularly low spreads. For scalping or intraday trading, it is clearly the most profitable option in my opinion.

Let's now look in detail at the broker's fee schedule.

What are the account fees?

When testing Eightcap, I found the fee structure particularly advantageous, especially compared to other CFD brokers. There are no hidden fees for account management or withdrawals, which is a real plus on a daily basis. The only thing to note is the presence of an inactivity fee of $10 per month if you don't trade for 3 consecutive months. But honestly, it's not a problem if you are even minimally active.

The minimum deposit of $100 remains very accessible and much lower than competitors such as FXCM or Pepperstone, which often require $200 or more. Above all, Eightcap accepts several base currencies, which avoids unnecessary conversion fees if you fund your account in the correct currency.

Trader Tip: Choose the Raw Account If You Trade Often

Personally, I highly recommend the Raw account if you open several positions per week. With its spreads from 0.0 pips and a commission of $7 per round trip lot, it is often more profitable than the Standard account. For example, on 10 lots of EUR/USD, the Raw account costs you $35 in commission versus about $50 in spread on the Standard. In the long term, that makes a real difference.
(The trading fees mentioned are based on my tests and may vary.)

What are the fees on stocks and ETFs?

As you will quickly see, Eightcap does not allow you to buy shares or ETFs directly. The entire offer is only through CFDs, which means you are speculating on price movements without ever actually owning the underlying asset. This model may be suitable for short-term traders, but not for long-term investors or those looking to receive dividends.

If you're looking to invest in real stocks or physical ETFs, brokers like eToro, Trade Republic or DEGIRO will be much more suitable. They allow cash purchases with custody fees that are often reduced, or even non-existent in some cases.

Here's a comparison of the fees associated with stocks and ETFs at Eightcap:

What are the fees on cryptocurrencies?

Eightcap exclusively offers CFDs on cryptocurrencies, so there is no actual purchase of cryptos or holding them in a wallet.

Here is a summary of crypto fees at Eightcap:

What I appreciated was the diversity of the offering (more than 100 cryptocurrencies available), and rather competitive spreads on major pairs like BTC/USD. On the Raw account, fees are kept to a minimum, with raw spreads from 0.0% on certain cryptos, depending on market liquidity.

✅ Good to know

If you want to trade the volatility of cryptos without managing wallets, Eightcap is a good choice. However, to actually buy Bitcoin or Ethereum and hold them long-term, consider platforms like Binance, Kraken, or Coinbase.

What are the CFD fees?

I found the spreads to be extremely competitive. On indices and commodities, the spreads remain very tight, and even share CFDs are well-positioned, with clear fees per share or as a percentage depending on the region.

This is clearly an interesting broker for day trading or scalping, with a good cost/flexibility ratio. Overnight fees are there, as everywhere with CFDs, so it's best to avoid leaving positions open for too long if you are looking to optimise your costs.

My opinion on the assets & markets available on Eightcap

Eightcap offers a well-structured CFD trading service, with good diversity across stocks, commodities, Forex, and especially cryptos, where the broker stands out with over 100 assets available. However, there is no access to bonds or the actual purchase of stocks or ETFs, which may be a drawback if you are looking to invest in the long term. 

Personally, as an active trader, I've found the essentials: competitive spreads, a good selection of underlying assets, and accessible markets with leverage, all on a smooth platform.

My opinion on the platform

As a trader, I've found the experience at Eightcap to be really solid, especially with direct access to TradingView and MT5. Everything is there to build a technical or automated approach, even without coding.

Order execution is smooth, and the charting tools are more than sufficient for refining analyses. The lack of a proprietary platform didn't bother me; on the contrary, I was able to use tools I already master. However, I wouldn't recommend MetaTrader to complete beginners; the interface takes a little getting used to.

Trader Tip:

Test each platform in demo mode. You have up to 35 days with configurable virtual capital to get your bearings on TradingView or MT5, adjust your stops, and even test automated strategies risk-free before going live.

Client Reviews: What Users Think of Eightcap

On Trustpilot, Eightcap displays a score of 4.2/5 based on over 2,900 reviews, a generally positive score that reflects good customer satisfaction, particularly among active traders. After reviewing recent comments, here's what stands out most often.

What Users Appreciate:

• Simple account opening process
• Responsive customer service, especially via chat
• Fast deposits and withdrawals
• High-performance platforms (MT5 and TradingView)
• Competitive spreads for Forex and indices
• Good assistance with opening the first account

Weaknesses mentioned:

• Some technical difficulties when connecting to MT5
• No welcome or follow-up call for some accounts
• MetaTrader interface not very intuitive for beginners
• Delay or complexity on some refunds
• Crypto spreads judged high by some users

Examples of Trustpilot reviews:

"So far nothing surpasses Eightcap. Responsive support, perfect spreads, no surprise fees and above all irreproachable in terms of withdrawals." – Bouillot, 15 January 2025

"I just discovered this platform. I was pleasantly surprised to be called to be helped when opening my first account." – Stéphane M., 3 March 2025

Account opening, deposits and withdrawals on Eightcap

Account opening

Opening an account with Eightcap is simple, fast, and done entirely online. I tested the procedure, and everything went smoothly: in less than 24 hours, my account was validated. Here are the steps to follow:

• Fill out the online registration form: personal information, choice of account type (Standard or Raw), base currency, desired platform.
• Answer the regulatory questionnaire: a few questions about your trading experience and your knowledge of CFD products.
• Upload the required supporting documents: a valid ID (national identity card or passport) and proof of address less than 6 months old (invoice, bank statement, etc.)
• Wait for validation: generally done within 24 hours, sometimes a few hours if the documents are complete.
• Receive the confirmation email and access your client area to start trading in real or demo mode.

✅ Good to know:

The demo account is available for free, with no deposit obligation, but only after full account validation. It remains active for 35 days with configurable virtual capital, which is useful for testing platforms and strategies.

Dépôts et retraits sur Eightcap

Honestly, I found the deposit and withdrawal system at Eightcap to be both simple and fast, which is a change from some brokers where the delays or fees become frustrating. Transactions are free, which is a real advantage, and withdrawals are processed within 24 hours in most cases (excluding bank transfers which take a little longer). I tested both PayPal and credit card, and the funds arrived without any problems. 

✅Good to know:

Withdrawals are always processed using the same method as deposits, which is standard practice under anti-money laundering regulations. If you're looking for speed, e-wallets like Skrill or PayPal are the most efficient, and the option to use crypto is a real bonus for active traders like me who want to maintain flexibility.

Types of Accounts Available on Eightcap

Eightcap offers several account types designed for active traders and users seeking optimized CFD trading conditions. All instruments available with this broker are traded as CFDs, meaning it is not possible to directly purchase stocks or ETFs.

Here is the updated summary of available accounts:

Trader Tip:

To optimise your fees, open your account in the same currency as your deposits, in order to avoid automatic conversions.

Conclusion: Should you invest with Eightcap?

If you're an active trader like me, Eightcap ticks all the boxes: ultra-tight spreads, a truly competitive Raw account, direct access to TradingView and MetaTrader 5, and over 800 CFD instruments to trade, including one of the broadest crypto offerings on the market. Execution is smooth, withdrawals are fast, and the tools are clearly designed for those who want to optimise their trading.

In short: it's a solid, efficient broker, tailored for real traders.

I also appreciated the transparency on fees, access to tools like FlashTrader or Capitalise.ai, and the responsiveness of customer support, always available when I had a question. For me, Eightcap is the perfect balance between technology, performance and ease of use, especially if you trade Forex, indices or cryptos.

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.