Information about Eightcap Company
Eightcap is an international company specializing in providing services in the field of forex trading. Established in 2009 and registered in Melbourne, Australia. Eightcap offers its clients access to the MetaTrader 4 trading platform. The broker allows trading a wide range of financial instruments, including currency pairs, indices, commodities, stocks, and cryptocurrencies. The company’s activities are regulated by the Securities Commission of The Bahamas (SCB).
Trading Conditions on the Eightcap Platform
Eightcap offers a choice of more than 1,000 financial instruments, including 40 currency pairs, 5 commodities, 11 indices, and 250 crypto derivatives. Traders have access to strategies such as hedging and scalping. Clients are offered the use of a demo account for one month, as well as the opportunity to work with a personal manager. Eightcap offers two types of accounts with conditions almost identical to each other. Clients have access to free analytics, signals, and educational materials.
When opening an account, the client can choose between two types:
- The Raw account is designed for beginners but involves a commission of $3.5 for each trade.
- The Standard account has no commission, but the spreads on it are slightly increased.
Educational materials for traders are distributed on various topics, however, the information provided is not a complete educational course. Information on the Eightcap website is available in 8 languages, except Russian.
Depositing and Withdrawing Funds on Eightcap
The minimum deposit amount is $100. There is no information on withdrawal fees, and withdrawal conditions are also not specified. Eightcap does not charge commissions for deposit and withdrawal operations. Clients can use bank cards, e-wallets, and other methods to deposit and withdraw funds.
Among the methods of depositing and withdrawing funds:
- Bank cards (VISA, MasterCard),
- PayPal,
- Bank transfer,
- BPAY,
- Skrill,
- Cryptocurrencies,
- others.
Conclusion
The Eightcap.com website does not provide information in Russian. Educational materials, although available, leave something to be desired as they are presented as separate articles. Trading on the platform can be started with a minimum deposit of $100. Eightcap offers a wide range of financial instruments and two types of accounts for clients to choose from. There are quite a few methods of fund withdrawal, however, withdrawal conditions are not defined on the website. Clients also have access to free analytics and the ability to use a demo account for trading practice.