EightCap | Brokerscout.ai

There are no bonuses from the broker

Unfortunately, there are no bonuses from this broker

Basic information

A broker with 15 years of experience in the industry provides clients with long-term stability. TrustPilot's rating of 4.3 emphasizes the positive attitude of its users. The company is strictly regulated by important bodies such as ASIC, FCA, CySEC, SCB, and SVG, which shows its commitment to maintaining high standards of security and compliance in various jurisdictions.

Years in business 15
Trustpilot rate 4.3
Regulation ASIC, FCA, CySEC, SCB, SVG

Support and education

Information that will help the trader to interact with the broker, as well as to engage in self-education.

The broker provides 24/5 customer support, which provides convenience for traders on weekdays. A special feature is the support in all languages with the use of an automatic translator in live chat. The availability of introductory videos and videos on how to use the platform enriches the educational experience. Three trader calculators provide analytical capabilities. A comprehensive glossary and articles provide clients with quality educational material. The availability of webinars adds to the educational experience, although the lack of courses, certificates and offline sessions may reduce the depth of the educational program.

Support schedule 24/5
Support languages All languages (autotranslate)
Onboarding videos Yes
Platform videos Yes
Deposit & withdrawal videos No
Glossary & articles Yes, extended
Trading calculators 3
Courses & Certificates No
Webinars Yes
Offline sessions No

Promotions

Information about broker's bonus programs.

The broker does not offer no-deposit and welcome bonuses, as well as does not provide bonuses for subsequent deposits. Cashback is not provided. However, there is an opportunity to participate in tournaments with prizes in the form of real money, although this opportunity is also accompanied by additional conditions. The "Bring a friend" promotion is not currently running. This information may be important when making a decision on choosing a broker for trading.

No deposit bonuses No
Welcome bonus No
Retention bonuses No
Cashback No
Tournaments / Contests Yes, cash as prize
Refer-and-Earn No

Platforms

Information about the main trading platforms of the broker.

The broker provides support for both popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and also has its own trading platform available only for Windows users. Unfortunately, the broker lacks copy-trading mechanisms as well as signal providers. This information is important for traders who pay attention not only to platforms, but also to social and investment features.

Metatrader 4 Desktop, mobile
Metatrader 5 Desktop, mobile
Own platform Desktop, mobile
Copytrading No
Signal providers No

Trading

Information about the broker's trading and traded assets.

The broker does not provide Islamic accounts, which can be an important criterion for traders following Islamic finance principles. The maximum leverage on the platform is set at 1:500, which gives traders the opportunity to use leverage to increase their capital. The minimum leverage is set at 1:1, which provides a more conservative approach to trading. There are 881 assets available on the platform, providing traders with a variety of trading tools. However, it should be noted that there are no commodity rollover and synthetic assets, which may affect a trader's ability to use some strategies and trading tools.

Islamic accounts No
Max leverage 1:500
Min leverage 1:1
Assets: total count 881
Assets: currencies Major, minor, local exotic
Assets: cryptocurrencies 96
Assets: stocks 696
Assets: commodities 15
Assets: commodities rollover No
Assets: Indices Major, minor
Assets: synthetics No

Deposit and withdrawal

Information about the interaction between the trading account and the broker.

The broker provides trading accounts in major forex currencies (FX Major) and does not charge withdrawal or deposit fees. The minimum deposit to start trading is $100, providing a certain level of capital requirements. At the same time, the absence of restrictions on the minimum withdrawal amount provides flexibility for traders in managing their funds.

Account currencies Major
Withdrawal commission No
Deposit comission No
Minimum deposit 100$
Minimum withdrawal Any

Screenshots

Home page of the site (desktop)
Home page of the site (desktop)
Home page of the site (mobile)
Home page of the site (mobile)
Personal account (desktop,)
 Personal account (desktop,)
Personal account (mobile)
 Personal account (mobile)
Home page
Home page
EURUSD exchange rate
EURUSD exchange rate
Buy/sell currency
Buy/sell currency
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Many of retail CFD accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Risk Warning

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility

Before embarking on Forex trading, it is essential to thoroughly evaluate your investment objectives, level of experience, and risk tolerance. Never allocate funds that you cannot afford to lose.

Off-exchange foreign exchange transactions carry significant risks, encompassing leverage, credit risk, limited regulatory protections, and market volatility. These factors can significantly influence currency prices and liquidity.

Furthermore, the leverage inherent in forex trading means that market fluctuations can result in substantial gains or losses relative to your initial investment. If market conditions go against you, you may risk losing your entire initial margin and be required to inject additional funds to maintain your position. Failure to meet margin requirements may lead to position liquidation and subsequent losses for which you bear responsibility