Eightcap is an Australian broker which appeared in 2009. The registration place does not prevent the company to provide support services in the financial markets to clients from all over the world. For the convenience of customers, the website has been translated into different languages, and the company itself allows you to trade both currencies and CFDs. For the convenience of trading, the company has partnerships. A company that offers its platform for trading through desktop computers and mobile applications. There is no ban on scalpel hedging, and robotic advisors are also allowed.
You don’t have to worry about data security because Eightcap’s trading servers are located in the most secure Equinix centers. Quotes are quite profitable due to the direct delivery from the world’s leading banks. That’s why the company can afford to provide zero spreads for some positions. The deals are executed almost instantly and the prices are among the best on the market.
Detailed information about the company
This broker is a brand of Eightcap Pty Ltd in Australia, where the local Securities Commission is regulated.
Client funds are segregated from the company’s financial assets and held at the most reputable banks such as National Australia Bank, which has an extensive branch base and more than 10 million client accounts.
The broker is not only regulated but also insured; the company has insured client funds against unforeseen circumstances.
All information is stored only encrypted, 128-bit encryption is used.
Pay attention to the countries whose citizens are denied registration by the company: USA, Ukraine, Syria, Sudan, Somalia, Japan, North Korea, Pakistan, Egypt, Canada, Azerbaijan, Afghanistan, Zimbabwe, Lebanon, Iraq, Iran, Puerto Rico and many others. That’s why before registering an account familiarize yourself with the list of countries on the website of the brokerage company.
You can find text materials from Eightcap’s in-house experts on the website. It contains not only dry information but a lot of graphic images which will be useful not only for beginners but also for experienced traders.
For the convenience of customers all training materials are divided into groups:
Basics – here you will learn the principles of working on the financial markets, broken down by assets.
Materials of MetaTrader 4 platform usage – here you will learn not only the manual, but also some articles and useful advices for clients working on MT series platforms.
Trading strategies – here you will learn what an indicator is and how to use it, as well as read a number of annotations on the most basic indicators
Which trading assets are represented on Eightcap:
- Currency pairs -40
- CFDs -200
- Precious Metals
Types of trading accounts
Any trading account has a minimum initial deposit of $100. The Company does not charge for maintenance or opening an account. Spreads start from 0 due to the direct liquidity supply.
RAW trading account
Spreads start from zero and there is a $3.5 commission per lot. For example, the spread on the EUR/USD pair from 0 to 1 pip. The account is positioned as an account for professional market participants. Leverage, is available to customers 1: 500.
The account is oriented for new clients, has standard spreads, for too currency pairs they start from 0.5 and reaches 1.8 point of financial leverage 1: 400.
This trading account does not have any commissions, as all commissions are included in the spreads. Perfect for customers trading small volumes.
The company is happy to provide the necessary assistance on weekdays around the clock. Options for treatment: email, hotline, online chat. You can ask questions about the technical part or general questions about the platform. Support service is happy to communicate with you in English, Chinese and Lithuanian. You can also find the company’s most popular social networks.
The process of opening an account
Indeed, it is very easy and fast is always enough to specify your contact information to confirm the email address, then verify the account, for this you need to download identity documents and residence address.After that, you can fund your account and start trading.
The company has been on the financial services market for a long time and is regulated by various organizations. The clients’ funds are protected by insurance.
It is possible to work on platforms MetaTrader 4 and 5 versions, which are widely known reliable enough, the choice of trading instruments at the highest level. Suitable for traders of any level of experience.
The company offers about 200 CFDs for different types of assets: currency market, stocks, digital currencies, commodities group. Spreads from 0, and the minimum account deposit of $100. Financial leverage will help you achieve financial success .
Special mention should be made of the multilingual support group, which is in a 24×5 format ready to help with any questions. Training materials are present, there is no additional charge.