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is eightcap a good broker?
Rashid Yu
Samoa
2023-09-22
ANSWER On BrokersView, EightCap has a score of 7.5 out of 10. It is a regulated Forex and CFD broker that offers trading on over 800 CFD markets.It is marked as a platform under strict regulation, including by the Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC). According to the reviews from its customers, EightCap offers tight spread, fast withdrawal, and good customer support. The minimum deposit is $100, and traders are allowed to use scalping strategy. It also offers advanced charting, expert advisors, and custom signals through platforms like MT4 & MT5. It provides a tool called FlashTrader which allows traders to target multiple profits, calculate position size, and place stops and limits quickly.While many users have had positive experiences with EightCap, it's important to do your own research and consider your individual trading needs before choosing a broker. For more details about this broker, you can refer to our EightCap review.
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is eightcap legit
Zhavis Soteriou
Sierra Leone
2023-09-19
ANSWER Yes, Eightcap is a legitimate broker. It is regulated by three regulatory bodies, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), and the Securities Commission of the Bahamas (SCB). The company was founded in 2009.According to customer reviews on BrokersView, Eightcap has an excellent rating of 7.5 out of 10, with many users praising its tight spreads, excellent customer service, and easy withdrawal and deposit process.The minimum deposit is $100 USD, and the maximum leverage is 1:500. The broker supports multiple base currencies and account types, including Islamic accounts.However, it is always important to do your own research and consider your individual trading needs when choosing a broker. You can refer to our EightCap page for more details.
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What is EightCap
Michael Tanampasidis
Spain
2023-08-23
ANSWER Eightcap is a forex and CFD broker established in Australia in 2009. It is regulated by several financial regulators ,including the Financial Conduct Authority (FCA), the Australian Securities and Investments Commision (ASIC), and Bahamas Securities Commission (SCB). On Eightcap, TradingView, MT4&5 are available, in an effort to facilitate trading. Investors are provided with three types of accounts: Standard Account, Raw Account, and TradingView Account, with over 800 instruments to trade. The minimum deposit is $100, and traders are allowed scalping.On BrokersView, Eightcap scores 7.7 out of 10, with 40 reviews from its customers (as of 23 August 2023). It is marked as a platform under strict regulation, with tight spread, fast withdrawal, and good customer support.
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Is EightCap a trustworthy broker?
Banhidi
India
2022-05-31
ANSWER EightCap is a regulated broker with regulations in the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC), the Securities Commission of The Bahamas(SCB) and the Vanuatu Financial Services Commission (VFSC). For more details on this broker, please check our full EightCap review.As a licensed broker under strict regulation by the UK FCA and the Australian ASIC, this broker is subject to a series of rigorous rules and obligations required by financial authorities, therefore operating in a relatively credible and transparent way with a secure trading environment. Hence, EightCap is considered a relatively reliable broker compared to unregulated or weak-regulated brokers.
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