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Eightcap Review – Is Eightcap Scam or Legit?

Eightcap Broker Rating
Conclusion
Read our Eightcap review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Eightcap review before you sign up with the broker.
Account Types
8.8
Trading Speed
9.2
Customer Service
9.4
Safety
9.3
9.2

Eightcap Review

Eightcap logo

Eightcap is a brokerage based in Australia that caters to clients worldwide. Currency (Forex), commodity, indexes, cryptocurrency, and stocks are the firm’s primary products. As of 2009, the corporation was in Melbourne, Australia. It provides customer service in 10 different languages.  To know more about the broker, read this Eightcap review.

Deposits and Withdrawals

Customers of Eightcap may make deposits and withdrawals in a variety of methods. All major credit cards and debit cards and wire transfers, China Union Pay and PayPal, are accepted as deposit options. Debit and credit card deposits are accepted in the major currencies like GBP, USD, EUR, CAD, NZD, and SGD. Traders may also use Bitcoin and Tether to deposit funds in their accounts. Depositing money into your account is entirely free, and you may do it whenever it suits your schedule. One to three business days is required for a bank transfer.

The withdrawal procedure is likewise rapid. Withdrawing money from a brokerage is as simple as logging into your account, choosing a payment method, selecting a trading account, and verifying your information. The firm typically asks questions and demands papers for first-time users to meet KYC and AML rules. This is a standard practice amongst Forex / CFD brokerages.

Trading Platforms

Eightcap website

MT4 and MT5 are both available at Eightcap, making one of the few brokerages that offer both of these MetaTrader platforms.

Mobile applications for Iphone and android are also available from Eightcap, making it easy to keep track of and execute transactions while on the go. Traders can trade currencies, indices and commodities online using the award-winning MT4 trading platform. Because of its powerful user interface and extensive charting package, it’s an excellent platform for all types of traders. Trading robots and Expert Advisors are provided at no cost. Users can have the opportunity of One-button trading and Analyses of the previous market’s positions.

Advanced trading platforms such as the MT5 allow traders to trade currencies, indices, stocks, commodities, and cryptocurrencies. They reap the benefits like, Trading robots and Expert Advisors are provided at no cost. With Advanced Market Depth, you can trade with a single click.

Customer Support Services

Whenever you look for a reliable broker, it’s a must to check out their customer support service. Eightcap provides a robust customer support service for its clients to help them cope with their problems. Suppose you encounter a technical error during your trading, and you need to contact the customer support team urgently. You will be relaxed to have a whole team behind you to guide you. Additionally, Eightcap supports many languages, such as English, Chinese, French, Spanish, and German.

Education

Eightcap has just made a strategic alliance with Capitalise.ai. Eightcap’s users will have the option to have a smooth trading journey by completely automated trading strategies utilizing free-style text. They also access Capitalise.ai’s analytics services, which give the most up-to-date information.

Along with all of these features, Eightcap also provides a variety of instructional materials. All customers will get accessibility to weekly market insights, strategic instructions, technical analysis advice, and more.

Simple Registration

You must pass some basic verifications to make sure you know the consequences of trading and are ready to trade. To establish an account, you will most probably be needed to provide some basic information.

Passport, license, or other government-issued photo identification in colour, scanned. A utility bill or bank statement that shows your current address. This will take a couple of minutes as you’ll be asked a few questions about your trading history as part of the account opening procedure. To trade on Eightcap’s platform, you must first complete conformity, which might take a few days or even weeks, depending on individual facts.

Conclusion

Eightcap is a worldwide CFD and FX broker. Over 250 financial items may be traded easily. Eightcap has built up an excellent reputation over the last decade by providing both the amazing MT4 and MT5 trading platforms in the CFD and FX market. A sample account, average spreads, and rapid customer service make it easy for novice and experienced traders to get started. It is a detailed review of the Eightcap platform for you to help. Now it is your own decision to choose if it suits you or not.

Eightcap Broker Rating
Conclusion
Read our Eightcap review and learn why we recommend this broker for online trading and why it is not a scam, learn all you need to know in this Eightcap review before you sign up with the broker.
Account Types
8.8
Trading Speed
9.2
Customer Service
9.4
Safety
9.3
9.2

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Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

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