What you are looking for is a fundamental review of Eightcap. You are considering joining Eightcap, but there are concerns that something isn’t quite right. Our team can help! Traders should know this because forex can be volatile and unpredictable, especially when dealing with brokers. Investors should do a lot of research. It’s possible to lose a great deal of money in this market, but there are times when brokers may defraud investors, causing them to fail. Online brokers may be the shadiest of all kinds of companies.
What is Eightcap?
Eightcap uses MT4 and MT5, so you’re probably already familiar with them if you’re an experienced forex trader. If you’re unfamiliar with MetaTrader platforms, you can quickly learn to use them since they are intuitive and easy to use. Eightcap received the Best Global Forex MT4 Broker Award from the 21st Century Global Forex Awards for offering FX, commodities, indices, and shares besides MT4. Eightcap’s multilingual customer care team is available during trading hours via email, live chat, and telephone. It offers over 200 trading instruments in a wide range of asset classes. If you have never traded before and would like to experiment with or check out the broker’s services, open a demo account financed with virtual money. Eightcap’s educational offerings are also beneficial for new and inexperienced traders Twenty-four nations are represented by Eightcap’s clientele. Traders from Canada and Mexico can open accounts at Eightcap, but those from the U.S. cannot.
Pricing for Eightcap
Eightcap, like other online forex brokers, profits from its clients’ transactions by increasing the spreads it can get on wholesale markets over its retail counterparts. Raw accounts, which have tighter trading spreads, are also charged a $3.50 fee each. In the Raw account, all major forex pairs have spreads of 1 pip, while the Standard version has 0 pip spreads. There are typical spreads of between 1.1 and 1.4 pips for large currency crosses in Standard accounts and 0.1 and 0.33 pips in Raw accounts, depending on the cross. For example, the most minor spread for Standard account holders on USD/SGD is two pips, while for Raw account holders, it is one pip.
Using the Eightcap UX:
Eightcap should be a consistent user experience for traders familiar with MetaTrader 4/5. As a central trading platform, it should be easy for new traders to learn about it. They may take advantage of its big Eightcap has teamed with artificial intelligence leader Capitalise.ai to establish a platform specializing in trading automation analysis. As a result of this strategic partnership, Eightcap users will be able to use Capitalise.ai’s automation and analytic capabilities, including loop strategies, back Capitalise.ai’s mobile apps for Android and iOS will also be available to Eightcap subscribers.
User Benefits of Eightcap:
The broker offers reasonable spreads and supports the popular MetaTrader trading platform, making trading forex with Eightcap attractive. Also, MT4/5 provides a limited amount of CFDs to commodities and indices, while MT5 mainly offers shares. Broker Eightcap has a Vanatau business called Eightcap Global Ltd that offers leverage of up to 500:1 for account holders. Standard and Raw account types are also available for traders who trade less frequently or trade more frequently.
Regulatory and Security Measures:
VFSC regulates the subsidiary of Eightcap less harshly in Port Vila, Vanuatu, than the ASIC does in Melbourne, Australia. Brokers keep client sums separately from their own personal funds in both instances. A trader should know that this broker does not offer negative balance protection, which prevents a trader from losing more than the balance on their account.
Comparing Eightcap to its rivals:
When you register for an account with Eightcap’s Vanatau branch, you’ll have access to their MetaTrader platforms and a 500:1 leverage level that’s substantially higher than other competitors. However, a margin deposit at Eightcap could be at risk because of its lack of negative balance protection. To take advantage of Eightcap’s tight dealing spreads, you’ll have to pay $3.50 per trade, besides the dealer spread. A small fee may seem insignificant, but aggressive traders could end up paying an expensive cost. Eightcap lets you trade a limited number of stocks, commodities, and futures, as well as options. You might want to opt for an international broker like Interactive Brokers if your trading plans include activities other than those provided by Eightcap.
Incorporated by Eightcap
Multi-account management (MAM) is a robust and scalable solution that EightCap provides to its customers to meet their needs. To use the software, you will need either MT4 or MAM. Since MAM is available on a server, it is a quick solution Account administrators can switch many accounts with a single click. You can also use the services of a specialist advisor (EA). Commissions and leverage can be customized to meet the specific needs of each client.
News & Analysis of the Stock Market:
On the Eightcap website, there is a section devoted to economic events. Besides market updates, forex news, and CFD news, Eightcap’s analysts have divided it into three categories.
This tool is crucial for fundamental analysis. In the MT5 trading platform, there is also an economic calendar that lists dates and times of economic events worldwide.
As part of the opening of your live trading account with Eightcap, you can get a free trial of Capitalise. Your trading techniques can be automated without the need for sophisticated code. Please use straightforward English to describe how you wish to have Capitalise.ai automate your everyday transactions. Combining human-planned and machine-trade will give you the best of both worlds.
The articles on Eightcap’s website were written by some the company’s analysts. There are diagrams, photos, and various examples, as well as articles explaining the basics of forex trading in the Forex Fundamentals section. You’ll learn about forex and stocks, as well as spreads and pips, and how to activate one-click trading, for instance. The ‘Trading Strategy’ section contains articles that explain how to use various trading indicators, such as Elliott waves, MACD, Bollinger Bands, and others. The program emphasizes risk management as well as trading.
Instruments by Eightcap:
On the MT4 and MT5 platforms, Eightcap offers over 200 CFDs besides 40 Forex major and minor pairs, Commodities (Gold, Silver, and Oil), and some of the dominant global stocks.
Eightcap charges and fees:
All trading accounts must have the smallest initial balance of $100. You do not have to pay to create an account or to use it. The spreads on commission-free accounts begin at zero pips. On both versions, EAs, hedging, and scalping methods are all available.
For every lot traded, consumers pay a commission of $3.5. This account offers spreads as low as 0.01 pips. Typically, the EURUSD spread is 0.00-1.0 pips, depending on Trading accounts for professional and high-volume traders are available on this site. It is based on interbank pricing and does not include spread markups.
As a result, the most significant leverage is 1. As the trading fees are included in the spread costs, there are no commissions on this instrument. The company’s standard spreads range from 0.5 to 1.8 pips for the EURUSD currency pair.
A free trial is available on all platforms, so traders can try out the different platforms and practice their trading methods before opening a real money trading account.
Eightcap Account Opening
Opening an account with Eightcap is easy. Create an account on their website by clicking the ‘Create Account’ link on every page. The following information must be entered: account type, personal information, funding source, and trading experience. Next, the terms and conditions will be negotiated, and the final step will be reading the broker’s terms, policies, and conditions thoroughly. After you’ve fully grasped the concept, you should proceed. How do I deposit money into Eightcap?
With Eightcap, you can pay your deposit whenever you want, wherever you are. To access your deposit information, you will need to log into the Client Portal section, select ‘Deposit’ from the menu, and then choose your desired. Various payment methods are available through the broker’s website, including credit/debit cards, Skrill, Neteller, PayPal, Poli (for Chinese clients), as well as international/local banks. Clients have the option to deposit funds in the following currencies: Australian dollars (AUD), US dollars (USD), British pounds (GBP). At Eightcap, there is a 50 percent stop-out level. It is the amount you need to deposit to open or maintain your trading account. This is not a transaction cost; it is simply a part of the equity you place aside to trade. A variety of variables need to be considered when determining margin needs.
Step-out levels & eightcap margin:
If you don’t have enough cash on hand, you cannot open a trade on the trading platform. You can open one more position with the free margin that is indicated by the platform. Usually, the percentage is stated as a percent of the total (e.g., 2 percent or 5 percent).
Why is Eightcap the most popular app?
Eightcap’s MetaTrader 4 infrastructure has proven its worth by winning the Best MT4 Forex Broker Global award in 2020. Besides offering a wide range of services and options, there are few brokers that give you access to financial tools and tight spreads without sacrificing the quality of the service.
“But who is Eightcap?” Trading broker Eightcap is located in Australia and focuses on offering its users a secure trading experience on MetaTrader 4 and MetaTrader 5. A technical infrastructure that is ultra-efficient, if you will. This means that the company’s primary focus is on building tools and services that cater to the demands of its users at all times, so they may feel comfortable whether trading long or short on the stock market. Eightcap, a financial services company founded in 2009 in Melbourne, Australia, has stayed true to this mission of simplicity and mindfulness by listening to its clients and being true to its word. Thus, it has many offices across the world and is governed in several regions. Having been regulated in two different countries, Eightcap is regulated by both the Australian Securities and Investment Commission (ASIC) and the Financial Services Commission of Australia (FSIC). Eightcap Global Ltd. (Financial Dealers Licence no. 40377) is regulated by the Vanuatu Financial Services Commission (VFSC).
In Eightcap’s name, four ideas are ingrained so that both the company’s representatives and clients can constantly be reminded of what drives everything. Security, relentlessness, personalization, balance, intuitiveness, and speed are just some of the ideas that drive the company and its clients. Since spreads start at zero, you can take advantage of this. Any financial asset has a bid and asks price, otherwise known as a spread. The tighter spaces that forex and CFDs offer make them so popular. The income from contracts is determined by distances, which are the basis for earning money with Eightcap. Commissions and brokerage are what you need to consider.
Spreads are affected by global events in the same way that market volatility is. Generally, brokers do not omit crucial information to enhance the appeal of their offers. The tactic is common, but it can lead to incorrect information being provided to clients. Transparency is one of Eightcap’s strengths, so you can clearly see the differences in pip values. In Eightcap’s platforms for MT4 and MT5, the spreads fluctuate due to liquidity provided by top-tier liquidity providers and leading banks. Is it possible to swap and roll over? While brokers aren’t always taken into account when looking for a broker, swap rates are what is calculated by taking the difference between the two currencies in each pair. A long or short position in foreign exchange is thus calculated by taking the difference between their currencies. The trading process isn’t involved with Eightcap, although it does have its own swap rates, which are accessible through the MetaTrader 4 and MetaTrader 5 platforms.
We did not, but emphasize how expensive it is to fully automate your trades. You won’t be charged a penny for this service. In response, Capitalise.AI replaced the coding component of backtesting and automation with an artificial intelligence build to help traders construct, improve, and fine-tune their trading techniques while still allowing them to live everyday lives. In case you’re also seeking passive income, take a look at the Eightcap Partners partnership program. You can enjoy the competitive rebate if you refer a client who becomes active. Partnering with Eightcap through our Partners Program can provide a rewarding experience since it offers programs with low conversion rates, as well as opportunities to drive enough amount of traffic to make a significant profit. When a company does not have clients and partners who feel trusting in it, everything else can crumble. Knowing what Eightcap is, what they offer, and how they are recognized, let’s get started.
Getting Started with Eightcap
If you’re interested in learning more about Eightcap, we’ll begin by explaining how you would make transactions using our trading platform. Globally, MetaTrader 4 has been in existence for more than a decade. Among his talents are a beautifully designed, data-rich user interface, automated trading via a robot that executes trades based on predetermined criteria, and charts that show all the essential elements of your trading plan in one place. Considering all that you need to know to make buying and selling decisions can be difficult. There may not be enough space or customization options. For this reason, some traders contemplate switching brokers if they miss out on potentially significant trading opportunities. Besides, MetaTrader 4 has an extensive array of options, allowing you to make effective use of your time and keep a complete view of what matters most to you at all times. Trading on the MT4 platform from a desktop computer and mobile device is possible. Since it is compatible with Windows, Android, and iOS, there is no need to find a different program.
Hours, minutes, and even seconds are used as chart periods to analyze market movements. In MetaTrader 4, there are nine chart periods. Together, they provide a deeper understanding of trends and volatility, further enhanced by technical indicators. MetaTrader 4 is also available through Eightcap, like many other brokers. The broker offers MetaTrader5, a newer version that has only been available for a few years. Due to its familiarity, the most favorite pick is MT4. A structure offering more material than MT4 may be more familiar to those who are new to it. Due in part to the fact that MT5 can be accessed not only through desktop or mobile devices but also through web browsers, you are able to trade virtually anywhere you have internet access.
Thought for the day:
Over the past decade, Eightcap has provided online trading services. Moreover, the broker has obtained a second insurance policy in case of any unforeseen circumstances as a well-established, regulated brand. Eightcap’s customer service department will handle all your inquiries in a polite manner. Investors and money managers can take advantage of managed accounts. Furthermore, the broker offers traders a wide range of trading tools and tutorials to help them make well-informed decisions.