EightCap Forex Broker Review

Withdrawals of funds can be requested through your Client Portal area or you can get in touch with your account manager. Withdrawals are processed within 24 hours during business days and you will be able to see the funds in your bank statement within 2-5 days. FxPro UK Limited is authorised and regulated by the Financial Conduct Authority (registration no. ). FxPro Financial Services Limited is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 078/07) and authorised by the Financial Services Board (authorisation no. 45052).

Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD’s, Forex and Commodities. We hope you found our review of the Eightcap brokerage firm useful. Stocks, currency and other commodities and instruments will be purchased by Eightcap even if no buyer is lined up.

EightCap Forex Broker Review

To see a list of the top MT4 brokers, see our comparison of MT4 brokers. Between 74-89% of retail investor accounts lose money when trading CFDs. Eightcap is regulated by Australian Securities and Investment Commission . One of the most important criteria for traders when choosing a broker like Eightcap is the regulatory body and regulatory status of the broker.

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Eightcap allows you to make a minimum transaction of 0.01 lot. It must be remembered that the Australian regulator does not provide any compensation to investors if the licensed company becomes insolvent.

EightCap Forex Broker Review

Hercules.Finance is a website owned by a team of Financial Specialists and IT experts. The other product names and marks referred to on this website are the trademarks of their respective owners. Eightcap is EightCap Forex Broker Review regulated by the Australian Securities and Investments Commission and holds an Australian Financial Services Licence number . EightCap is regulated by the Australian Securities and Investment Commission .

However, your funds are safe, and there is a negligible risk of your funds being used by them. Your funds are secure in separate banks , and they also use segregated policy to protect the client’s amount.

Dec 22nd 2019, I sent them the video images me holding my ID card, and my Neteller account screenshots as they asked. Dec 6th 2019, I got take profits of 3 transactions is 2001.81 USD, and I made a request to withdraw my profit. However, my withdrawal order was hanged over 10 days without any notify to my email, and my MT4 account is disabled.

Eight Cap offers the MetaTrader 4 and Mobile forex trading top platform. EightCap.com offers over 25 forex currency pairs, indices and commodities for your personal investment and trading options. The MAM solution is available to all investment and asset managers who trade on a discretionary basis and is also ideal for traders who manage multiple accounts utilising Expert Advisors . I came to Eightcap after a friend of mine recommended them to me so I was pretty confident when signing up. As all traders, I was looking for a reliable broker with fast executions, tight spreads and simple withdrawals.

  • We review all brokers to astrict and unique methodology, to ensure that we only promote high quality brands that you can trust.
  • If trading with EightCap, the minimum deposit is 100 of your base currency (USD, EUR, GBP, etc.), which applies to both Standard and Raw account.
  • This is not an unreasonable minimum requirement to expect and is considered most probably, an average minimum requirement if compared to what other brokers require from their clients.
  • We update this methodology and our recommended reviews yearly, so that you’re only given up to date information.
  • Discover a broker you can trust by reading our in-depth and honest reviews, created by industry experts.

Eightcap does not offer any additional trading features beyond the MetaTrader 4 and MetaTrader 5 features. The MetaTrader mobile trading app for Eightcap is covered EightCap Forex Broker Review in more detail in the video review. The MetaTrader 5 mobile app offers more viewable timeframes and indicators with additional features in the mobile version.

EightCap Customer Service deserves a high rating for the prompt response time it consistently sticks to, and the knowledgable representatives who clients can speak with. The customer support team operates via telephone, email or Live Chat, all of which are available on a 24/5 https://forex-trend.net/ basis. This broker was not featured in our 2020 Broker Review Audit. This is because, in the past 12 months, it has failed to pass our initial screening process and is not recommended by our team of experts. As such some of the information found here may be out of date.

Offering both the MT4 and MT5 trading platforms, as well as two competitive accounts, users can trade over 200 financial instruments with ease. This review can help you decide whether to open an account, covering spreads, leverage plus the mobile app and demo account. This broker offers access to EightCap Forex Broker Review more than 35 trading symbols including indices, metals, oils and currency pairs using the popular and user friendly MetaTrader 4 interface. MetaTrader 4 offers an impressive selection of features that appeal to both experienced and novice investors alike and it is both easy to access and speedy.

Is Eightcap Trustworthy Broker?

This gives further protection to the clients as it provides extra security and reliability to the network. You’ll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it’s best to put aside at least 10 minutes or so to complete the account opening process. Eightcap also offer mobile apps for Android and iOS, making it EightCap Forex Broker Review easier to keep an eye on and execute your trades while you are on the move. Like most brokers, Eightcap takes a fee from the spread, which is the difference between the buy and sell price of an instrument. Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East.

Broker Types

Swap rates for overnight positions can be found in the MetaTrader platform. Users can trade on the go with some of the same timeframes and indicators on the desktop version, as well as access an economic calendar and news. Once an account is opened users can access the Eightcap Client Portal area. At FX Empire, we stick to strict standards of a review process.

Fee And Commission

In case you lost any money with Eightcap, we’ll also tell you what to do to start the recovery process. They also discovered that this company was in the same corporate structure as Eightcap, with headquarters in Singapore. In a 2019 article, the Australia Broadcasting Corporation reported that some Eightcap clients lost hundreds of thousands of dollars each in October 2018. That day, Eightcap’s pricing feed had indicated a massive and sudden decline in the New Zealand dollar price. Are you thinking of joining Eightcap but you feel like some things are not adding up?

78.6% of retail investor accounts lose money when trading CFDs with this provider. EightCap Forex Broker Review However, there could be improvement on the services rendered by Eightcap.