The blogs are informative, keep things simple, and they’re specific to the Eightcap software. Live Chat is even available during the sign-up process, so you can always get in touch with someone if you’ve ended up in a bit of a pickle or can’t complete one of the required fields. And it’s not one of those Live Chats that promises to connect you with an agent who mysteriously never appears or has a bot — we tried it ourselves and got through to someone straight away. This helps you to identify more trends, especially regarding supply and demand.

Because all processing is centralised and server-based, you get the quickest and most reliable integration possible. It is always linked to the internet, which speeds up the execution process while also contributing to a safer and more stable trading atmosphere. Computer viruses, connection failures, and power outages may all be disastrous to trade, especially during periods of market volatility. Using a VPS may alleviate these issues, making it an ideal technical environment for automated trading. The Alarm Manager is essentially a collection of building blocks that you may use to create a totally personalised and automated trading buddy. You may, for example, use it to take automatic action when an event occurs or to be notified when something happens on your account or in the markets.

Is Eightcap a market maker?

You use the platform by just connecting it to your MT4 and then adding commands that will be executed. You can create a strategy from scratch or use one of the several prebuilt templates. The chart below shows the typical spreads for commodities advertised by Eightcap. In this case, I saw that the EUR/USD and AUD/USD had a live spread of 1 pip (10 pipettes) each, in line with the advertised minimum, while a minor pair like EUR/HUF had a spread of 14.1.

The intuitive tool can help traders identity opportunities across 1000+ macroeconomic events in 100+ countries. The calendar also categorizes events to show traders if they will have a high, medium or low impact. In addition, it offers insights into why an event will impact the market and how quickly it will have an impact. The award-winning MT4 platform facilitates online investing in forex, indices, and commodities. With its user-friendly interface, automated trading capabilities, and comprehensive charting package, it’s an excellent all-around platform.

Capitalise.ai also offers an extensive list of pre-programmed strategies which clients can test risk-free or tweak to their preferences before pushing live. Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. I found Eightcap to be an established broker that has been providing online trading services for over a decade.

Eightcap alternative brokers & comparison

Although some brokerages boast more features than others, they’re similar in many respects, so the fee structure is something you really need to pay attention to. To help you assess whether it’s the right place for you to trade, let’s take a deeper look at what Eightcap offers, as well as its weaknesses and across a few categories.

Those of you with more experience probably won’t learn anything that you don’t know already. The broker’s websites and servers are protected by a 128-bit Secured Socket Layer (SSL). This technology encrypts all of your information before it is transmitted over the internet.

She has excellent customer service skills and is very patient and knowledgeable. She can explain complex questions in a clear and easy-to-understand manner. Hannah is always willing eightcap review to go the extra mile to ensure her customers are taken care of and happy. When contacted customer support they said that they have no information about it and it is confidential .

Is Eightcap Legitimate and Safe?

Basically, you’ll be seeing the same thing you would be if you were actually trading, but with none of the repercussions. Using a demo account is therefore highly recommended for beginners. There are 170+ written articles on the website, but no entries have been published for nearly a year. And even though these cover a wide range of interesting topics, they are not organized systematically, so novice traders cannot gain a well-balanced introduction to the basics of trading.

If you are an experienced trader looking for a platform to trade derivatives and crypto, you need to take a look at Eightcap. For some other options in Australia, you can also have a read of this article on the top Aussie forex brokers. If fees are more or less your only concern when choosing a forex broker, Eightcap is definitely worth a try. Its forex fees are the lowest among Australia-based forex brokers, withdrawals are free, and there is no inactivity fee.

Opening an account takes a few minutes and follows well-established industry standards. The mandatory account verification, as stipulated by regulators in compliance with global AML/KYC rules, usually takes a few hours and less than 24 hours. Most traders will get https://forexhero.info/ verified after uploading a copy of their government-issued ID and one proof of residency document. Eightcap also has a market analysis page offering insights on the trading day. The page remains divided into Crypto News, CFD News, Forex News, and Market Updates.

Great Experience Trading with Eightcap

I like that online chat support is available as I find it to be the most convenient way to speak with someone. They are happy to answer all of your technical, general and account related questions. The broker is on social media via the following platforms; Facebook, Twitter, LinkedIn and YouTube.

• Cryptocrusher is a great addition to EightCap’s extensive selection of crypto CFDs.
• With more than 30 million monthly users and active social media forums, investors can swap ideas and discuss strategies and markets.
• There are separate news sections where the daily news on assets like Cryptocurrencies, CFDs, Forex Trading, and Markets are updated.
• Feel free to try Eightcap if you’d like to have a verified broker account with low forex fees within a day.
• The Australian Securities and Investments Commission (ASIC) regulates Eightcap in Australia.

Here is in detail what the broker offers to fund the account and how it takes to do so. Operating for over a decade and offering both the award-winning MT4 and MT5 platforms, Eightcap is a respected CFD and forex broker. With competitive spreads, reliable customer support and a free demo account offering, beginners and experts can begin trading with ease. Use the sign-up link below to get started with Eightcap today. It is good that accounts are free to set up with no ongoing maintenance costs. I found the spreads to be very low, starting from just 0.0 pips.

Traders with Eightcap now have the capability to trade directly off TradingView’s charts into their Eightcap trading accounts with the broker’s latest integration. TradingView boasts over 30 million users and is the world’s most popular social and charting trading platform. For example, experienced traders could automate and test their trading strategy by using TradingView’s Pine Script programming language. Eightcap clients may also use a wide range of trading tools to make better-informed trading decisions.

Cast your eyes to either “swap long” or “swap short” — depending on whether your position is long or short. These figures represent a standard lot, and in the example above, both numbers are negative — this means there will be a charge of $5.17 in your base currency. In truth (as the table below shows), you are better to look at other brokers for this type of account.

They showcase important data and let clients draw indicators, helping them make better trading decisions. Eightcap has substantially more cryptocurrencies to purchase compared to other brokers. Their platform offers over 250 coins that range in market cap size.

There are no trading ideas in the MetaTrader platform available at Eightcap. We tested the research tools available on the MetaTrader platform. At the same time, we missed the usual search function where you can type in an asset’s name manually. Despite the few adjustments from MT4, MT5’s platform feels outdated and some features are quite hidden.

The complaints authority for the former is AFCA, and for the latter, it’s VFSC. As they are a regulated broker by different bodies (see below) there are a few subtle differences. Although Eightcap specialises in forex, it offers an array of other CFD products. Capitalise.ai uses Artificial Intelligence, Machine Learning, and Natural Language Processing technology.

At the time of our review, we noticed that Eightcap’s swaps were quite elevated. This can be attributed to the above-mentioned subdued liquidity levels in the broader market, owing to low trading activity right before Christmas. Traders should remember that swap rates fluctuate over time, which is why they must be monitored continually. A swap fee is a trader’s cost for holding an open position overnight because of changing interest rates. Swap long refers to the charge deductible or credit receivable for holding a buy position open overnight.

Eightcap presents clients with four regulated entities and maintains a secure trading environment. The broker has invested heavily in our MT4 server to ensure that our MAM solution provides the fast and reliable service that money managers require to service their clients. The broker offers to fund and withdraw from your debit/credit card from any currencies like GBP, EUR, NZD, AUD, USD, CAD, and SGD. The deposit/withdrawal limit range from 100 to 4,000 (base currency). 150+ countries are supported by this method of funding the account.