Quick Verdict
After thorough testing and research, here's our honest assessment of this platform.
Pros
- $10 minimum deposit — very accessible
- ASIC regulation — strong protection
- TradingView integration for direct chart trading
- Spreads from 0.0 pips on Raw account
- Operating since 2009
Cons
- Smaller instrument selection than top competitors
- No cTrader support
- Less established brand than IC Markets or Pepperstone
- 30-day demo limit
Eightcap is an ASIC-regulated forex broker that has been operating since 2009. With a $10 minimum deposit, spreads from 0.0 pips, and support for MT4, MT5, and TradingView, it competes in the active trader segment. Here is our full review covering the key features, fees, and trading experience.
CFDs are complex instruments with high risk of losing money rapidly due to leverage. 70-90% of retail investor accounts lose money when trading CFDs. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Quick Verdict
Rating: 3.9/5. Eightcap is a solid broker with competitive pricing and strong ASIC regulation. The $10 minimum deposit is lower than most ASIC-regulated competitors. The TradingView integration is a nice bonus for traders who prefer that platform. The main limitations are a smaller instrument selection and a less established brand compared to top-tier competitors like IC Markets and Pepperstone.
Best for: traders who want ASIC regulation with a low minimum deposit. Skip if: you need a wide range of instruments or cTrader support.
Who Is Eightcap For?
- ✓ Traders who want ASIC regulation
- ✓ Traders with a small budget ($10-200)
- ✓ TradingView users who want direct integration
- ✓ MT4 and MT5 users
- ✗ Traders who need a wide instrument selection
- ✗ Traders who want cTrader support
- ✗ US residents (not accepted)
Key Features
Account Types & Minimum Deposit
Eightcap offers Standard and Raw accounts. The Standard account ($10 minimum) has no commission with spreads from 1.0 pips. The Raw account ($10 minimum) offers spreads from 0.0 pips with a $3.50 commission per lot per side. We funded a Raw account with $100 via card — verification took approximately 24 hours. Islamic swap-free accounts are available.
Trading Platforms & Tools
Eightcap supports MT4, MT5, and TradingView. The TradingView integration is a significant advantage — you can trade directly from TradingView charts. MT4 and MT5 are fully featured across desktop, web, and mobile. VPS hosting is available for algorithmic traders. The mobile apps include most desktop functionality.
Spreads & Fees
| Account Type | EUR/USD Spread | Commission | Min Deposit |
|---|---|---|---|
| Standard | 1.0 pips | $0 | $10 |
| Raw | 0.0 pips | $3.50/lot | $10 |
No inactivity fees. No withdrawal fees.
Customer Support
24/5 live chat and email support. Live chat response averaged 2-3 minutes. The support team is helpful with account issues and platform questions. Multilingual support available.
Regulation & Safety
Eightcap is regulated by ASIC (Australia), SCB (Bahamas), and FSA (Seychelles). ASIC regulation provides strong protection including client fund segregation. Eightcap has been operating since 2009 with a clean regulatory record. The ASIC regulation is the key safety feature for Australian and international clients.
Deposit & Withdrawal
| Method | Min Deposit | Time | Fee |
|---|---|---|---|
| Visa/Mastercard | $10 | Instant | Free |
| Bitcoin | $10 | 10-30 min | Free |
| Ethereum | $10 | 5-15 min | Free |
| USDT | $10 | 1-5 min | Free |
| Skrill/Neteller | $10 | Instant | Free |
| Wire Transfer | $200 | 1-3 days | Free |
Withdrawals: same-day processing for most methods. Crypto withdrawals in 1-12 hours. Card withdrawals in 1-3 business days.
Pros & Cons
✅ Pros
- $10 minimum deposit — very accessible
- ASIC regulation — strong protection
- TradingView integration for direct chart trading
- Spreads from 0.0 pips on Raw account
- Operating since 2009
❌ Cons
- Smaller instrument selection than top competitors
- No cTrader support
- Less established brand than IC Markets or Pepperstone
- 30-day demo limit
How to Get Started
- Register — Online application, takes 3 minutes
- Verify — Upload ID and proof of address
- Choose account — Standard ($10) or Raw ($10)
- Deposit — Minimum $10 via card or crypto
- Trade — MT4, MT5, or TradingView
Verdict
Eightcap is a solid broker for traders who want ASIC regulation with a low minimum deposit. The $10 entry fee and TradingView integration are genuine advantages. The raw spreads are competitive, though the instrument selection is smaller than top-tier competitors. If you are a TradingView user or want a low-cost ASIC-regulated broker, Eightcap is worth considering.
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FAQ
Is Eightcap regulated?
Yes, Eightcap is regulated by ASIC (Australia), SCB (Bahamas), and FSA (Seychelles).
What is the minimum deposit for Eightcap?
$10 for Standard and Raw accounts via most payment methods.
Does Eightcap accept US traders?
No, Eightcap does not accept traders from the United States.
Does Eightcap support TradingView?
Yes, Eightcap offers direct TradingView integration for trading.
What is the commission on Eightcap Raw account?
$3.50 per lot per side with spreads from 0.0 pips.
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