Eightcap Review- Beginners Guide

Eightcap is an Australian FX and CFD broker providing online crypto and shares trading services to a wide range of clients from around the world.

The company was founded in 2009 and it has been expanding ever since. It is based in Melbourne, Australia, with five offices around the world. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Securities Commission of The Bahamas (SCB).

Users can enjoy the intuitive interface of the award-winning MT4 and MT5 platforms as well as automated trading capabilities and an advanced charting package. With functionality to integrate with TradingView for in-depth market analysis, compatible with signal sharing practices you will be sure not to miss a market beat!

What makes using Eightcap such a bonus?

1. Wide exposure to a multi-asset universe

The trading platform offers contracts for differences (CFDs) on more than 1000 financial instruments, including 350+ Australian, US, and European shares, 300+ crypto derivatives (including crypto crosses and crypto indices), 40+ major, minor and exotic currency pairs, the world’s largest stock indices, as well as commodities.

2. Award-winning customer service and educational resources

The Australian trading provider is best known for its excellent customer service. Clients get the support they require which is available 24 hours- 5 days a week. Eightcap’s support team is trusted by thousands of clients worldwide for being fast, reliable, and expertly trained to solve users’ queries.

The CFD provider complements its offering with exclusive educational materials and insight from experts across the globe.

Eightcap was awarded Best Forex Trading Support & Best Forex Educational Resources at the 2021 Global Forex Awards.

3. Ultra-low cost

Aside from the convenience that Eightcap offers to its clients, the broker has noteworthy pricing. The company’s ultra-low Forex spreads are five times lower than those of top Forex brokers (based on spreads data comparison with IC Markets Raw, XM, Pepperstone, IG Markets, OANDA, FxPro from January 2022 on TradeProofer).

Furthermore, its crypto derivatives spreads are among the lowest on the market, starting from 12 p/coin for Bitcoin, 0.45 p/coin for Ethereum, 0.004 p/coin for Cardano, and 0.0002 p/coin for Dogecoin. The Australian CFD provider complements its offering with exclusive educational materials and insight from experts across the globe.

Other ways to earn

Eightcap’s award-winning partner program is one that calls for a mention as well. CPAs up to $900 USD and rebates up to $6 USD per lot are but several of the rewards affiliates earn by partnering with the broker.

How to get started?

Go to https://www.eightcap.com/en/ and create an account. Verify your account in the email you registered with.

It’s as easy as 1, 2, 3…

1. Complete your personal details

2. Set up your account

Choose your trading platform, account type, base currency and leverage

3. Complete your declaration

Last thing, you will be required to submit some essential documents

And you’re good to go!

How to start trading?

Knowledge is power in the financial markets. Check out Eightcap’s Trading Education to start building a wealth of knowledge. This will guide you through fundamentals, trading strategies, MetaTrader Guides and how to trade.

Some great guide to start with are:

Platform-

• MT4 vs MT-which one is better

• How to install MT5 on Windows

• How to use the MT5 trading platform

• How to trade cryptocurrency CFDs on MT5

• How to install MT4 on Windows

• How to log in and sign out of MT4

• How to open and close trades in MT4

• How to Buy and Sell On MT4

Educational-

• All you need to know about CFD accounts

• How to start trading Bitcoin

• How to short sell Bitcoin and cryptocurrency CFDs

Deposit and Withdrawals

Eightcap’s clients can choose from a variety of easy deposit methods. They can move funds in and out of their accounts in several currencies including crypto– USD, AUD, EUR, GBP, CAD, NZD, SGD, using debit or credit cards such as Mastercard/Visa, BTC, Tether, BPAY, China UnionPay (uPOP), Skrill, Neteller, PayPal, POLi, Worldpay, and Wire transfer.

Bottom Line

If you’re looking for a CFD, FX and or crypto broker, Eightcap provides a trading platform with beginner to advanced functionality and wide ranging asset optionality at a market leading low cost. They have fantastic customer service and educational resources to support you throughout the peaks and troughs. Eightcap is the ideal platform to assist you in achieving alpha.