Name: Eightcap Review
Rating: 4.0
Author: Broker Reviews

Eightcap sells itself on one thing above all: you can trade a live account directly from a TradingView chart. That integration is real and it works, and the Raw account pricing behind it is genuinely competitive — 0.1 pips average on EUR/USD during the London session when we measured it, with a $7 round-turn commission. The reservations are about everything around the trading. The research offering is thin, the swap-free account is not documented anywhere on the site, and the number of lightly-supervised offshore entities the group operates has quietly grown from one to four since our original testing.

Disclosure: we may earn a commission if you open an account through links on this page. It does not affect our findings, our scores, or the order brokers appear in. Read how we make money.

Overall rating	7.9/10
Founded	2009
Headquarters	Melbourne, Australia
Main licences	ASIC Australia (391441), FCA UK (921296), CySEC Cyprus (246/14), SCB Bahamas (SIA-F220)
Minimum deposit	$100, all account types
Spread from	0.0 pips (Raw account, plus $7 per lot round turn)
Maximum leverage	1:30 retail under ASIC, FCA and CySEC; up to 1:500 under the offshore entities
Instruments	800+
Swap-free available	Yes, but undocumented on the site — you must request it from support
Retail loss rate	65.18% (EU entity) to 83.36% (Australian entity) when measured in early 2026; restated periodically, so check the current figure on your entity’s own disclosure

Eightcap website homepage — Eightcap’s own website, captured while we were testing the account.

We opened a live account with $500, completed verification, traded it across four weeks, requested a real withdrawal, and contacted support three times without identifying ourselves as reviewers. Read our full methodology. The account, platform and execution testing ran through January and February 2026. Every licence, entity and fee claim below was re-checked against the regulators’ own registers and Eightcap’s published disclosures on 27 July 2026, and the two findings that check turned up are disclosed in full in the licensing section.

Pros and cons

What we liked

Native TradingView execution that is not a marketing line. We placed 30 orders from TradingView charts and found no measurable execution penalty against MT5.
Raw account pricing that starts where it claims to. EUR/USD averaged 0.1 pips in the London session and GBP/USD 0.3 pips during February 2026 testing.
Three tier-1 licences — ASIC, FCA and CySEC — all confirmed active on the regulators’ registers when we re-checked in July 2026.
Execution averaged around 40 milliseconds across 50 live orders, with no requotes at all and 10% of fills at a better price than requested.
No broker-side deposit or withdrawal fees on any method we tested, and no commission on commodities even on the Raw account.
Capitalise.ai is included, letting you build rule-based automation in plain English without writing code.
Unusually deep crypto CFD coverage — over 250 instruments, well above most competitors.

What we did not

The offshore stack has grown. Eightcap now publishes four lightly-supervised entities — Bahamas, Seychelles, Mauritius and St Vincent — and clients outside the UK, EU and Australia land in one of them with no compensation scheme behind the account.
Swap-free is genuinely available but appears nowhere on the website. You have to know to ask, which is a transparency failure on a product feature.
Research and education are the weakest part of the offering. Eightcap Labs is shallow next to what XM or IC Markets publish, and webinars are irregular.
Our withdrawal took three business days end to end. That is within the sector norm but well behind the same-day processing available elsewhere.
Independent review sites concentrate their one-star complaints on withdrawal delays and re-requested verification documents — a pattern our single clean test did not reproduce but which readers should weigh.
No proprietary platform and no proprietary mobile app. The entire experience is third-party software, so there are no broker-native price alerts.
Gold pricing is unremarkable — 2.0 pips against 1.5 at Pepperstone.

Who this broker suits (and who it does not)

Eightcap fits traders who live inside a TradingView chart and want to execute without leaving it — this is the single best reason to choose it, and the integration is better than most competitors’ equivalents. It suits active intraday traders and scalpers who will benefit from Raw pricing and sub-50-millisecond fills. It suits crypto CFD traders, where the 250-plus instrument range is genuinely unusual. And it suits traders who want rule-based automation without learning MQL, because Capitalise.ai lowers that barrier considerably.

It does not fit beginners who need structured education, because the research library is thin and there is no substantial course programme to work through. It does not fit traders who want a compensation scheme behind their account but live outside the UK, EU and Australia, since they will be onboarded by an offshore entity that offers none. It does not fit anyone who wants a single proprietary app that consolidates trading, alerts, news and analysis, because no such app exists here. It does not fit gold-focused traders, who will find tighter metals pricing elsewhere. And it is an awkward fit for traders who need swap-free terms and want to compare them before committing, because those terms are not published anywhere you can read them.

Licensing and regulation

Eightcap’s core regulatory position is strong. Three tier-1 authorities supervise its main client-facing entities, and we confirmed each licence on the regulator’s own register during original testing and again on 27 July 2026. All were active on both occasions, with no revocation, suspension or restriction on taking new clients.

Regulator	Entity	Licence	Tier	Investor protection
ASIC (Australia)	Eightcap Pty Ltd	391441	Tier 1	Segregation and negative balance protection; no compensation scheme
FCA (United Kingdom)	Eightcap Group Ltd	921296	Tier 1	FSCS up to £85,000
CySEC (Cyprus)	Eightcap EU Ltd	246/14	Tier 1	ICF up to €20,000
SCB (Bahamas)	Eightcap Global Limited	SIA-F220	Offshore	Segregation only
FSA (Seychelles)	Eightcap International Ltd	SD100	Offshore	Segregation only
FSC (Mauritius)	Eightcap International Trading	GB25204603	Offshore	Segregation only

You can confirm the UK authorisation yourself in about a minute by searching firm reference 921296 on the FCA Financial Services Register, and the Australian licence by searching AFSL 391441 on the ASIC registers. We recommend doing this rather than taking our word for it, or the broker’s.

The offshore stack has grown, and this is the finding that matters

At the time of our original testing, Eightcap operated one offshore entity: Eightcap Global Limited in the Bahamas under SCB licence SIA-F220. Re-checking the group’s published disclosures in July 2026, we counted four. Alongside the Bahamas entity there is now Eightcap International Ltd, licensed by the Seychelles Financial Services Authority under SD100; Eightcap International Trading, licensed by the Mauritian Financial Services Commission under GB25204603 since 10 July 2025; and CLMarkets Limited, trading as Eightcap International and registered in St Vincent and the Grenadines, a jurisdiction that does not licence forex broking at all.

This is not an accusation of wrongdoing. Multi-entity structures are standard, and offshore incorporation is how nearly every large CFD group serves clients outside the major regulated blocs. But it changes the practical advice. When one offshore entity existed, a prospective client outside the UK, EU and Australia knew what they would get. With four, the answer depends on which sign-up flow they land in, and the difference between a Bahamas SCB licence and an SVG registration is substantial. Establish which company’s client agreement you are signing before you fund an account. The entity determines your leverage cap, whether any compensation scheme applies, and who you complain to if something goes wrong.

Separately, Eightcap obtained a Category 5 licence from the UAE Securities and Commodities Authority in January 2025. It is worth being precise about what that is: a Category 5 permission covers marketing and introducing-broker activity. It is not a dealing licence, and it does not mean UAE clients’ money is held by a locally regulated dealer.

An FCA clone-firm warning you will find if you search

The FCA warning list carries an entry titled “Eightcap VIP / eightcap.vip (clone of FCA authorised firm)”, published on 2 January 2024. We verified the notice directly at re-check. It is a warning about criminals impersonating Eightcap, not a finding against the licensed broker: the FCA notice explicitly identifies the genuine firm as Eightcap Group Ltd, FRN 921296, gives its real website and contact details, and explains that fraudsters are mixing those genuine details with their own to deceive people.

We flag it for two reasons. First, clone firms are among the most common ways people lose money to a broker they believed they had researched properly, and the mechanism works precisely because the licence number quoted is real. Second, anyone searching “Eightcap FCA warning” will find this page, and a review that stayed silent about it would be less useful than one that explains it. Reach Eightcap only through eightcap.com or the regional domain for your entity, and check any firm claiming to be Eightcap against the FCA warning list before sending money anywhere.

ASIC leverage-cap remediation, November 2023

In November 2023 ASIC oversaw AU$4.3 million in compensation to more than 1,500 retail clients across seven CFD issuers for offering leverage above the caps in force since March 2021. Eightcap Pty Ltd was one of the seven, alongside IG, CMC Markets, Pepperstone, Saxo Markets, Capital.com and City Index. The affected trading spanned over 150,000 CFD trades across roughly 100 instruments.

The context matters as much as the fact. The firms self-reported the breaches and cooperated with ASIC’s review. ASIC recorded the causes as change-management weaknesses — chiefly inadequate testing of IT systems after platform updates — and manual error. No penalty and no licence condition was imposed on Eightcap, and the matter closed when clients were repaid. We read this as a settled, self-reported, non-deliberate breach rather than evidence of a firm that circumvents client protections. That reading would change entirely if it recurred.

It still concerns a client-protection rule, and the leverage cap is the most important one in the retail framework. That is why the regulation and licensing score below is 8.0 rather than the 8.8 the licence portfolio alone would justify.

Opening an account and verification

We opened the account in January 2026. The registration form took about five minutes and asked for the standard identity and contact details, then a set of questions about trading experience, source of income and investment objectives. Those questions are an appropriateness assessment required by regulators including the FCA and CySEC, and answering them honestly is in your interest even though it feels like an obstacle — they exist to stop unsuitable products being sold to people who do not understand them.

Verification is a separate step requiring two documents: proof of identity, in the form of a passport or national ID card, and proof of address, in the form of a utility bill or bank statement. We uploaded both through the client portal and had approval within roughly 24 hours on a working day. That is reasonable against the sector, though slower than the brokers that turn verification around in under an hour.

Given the volume of independent complaints about documents being re-requested at withdrawal time, our practical advice is to submit every document you have at sign-up rather than the minimum needed to get trading. A verification query raised while your money is sitting in the account is a much less comfortable conversation than the same query raised before you fund it.

A demo account is available without any funding commitment. Ours came with $50,000 in virtual balance and no expiry, provided it is used at least once every 30 days. We used it to test strategies before moving to the live account, and we would suggest anyone new to CFDs spend meaningful time there first.

Account types

Eightcap offers three live account types. We opened both Standard and Raw to compare them in practice rather than on paper. The restraint is welcome — three accounts with real differences between them is more useful than the six near-identical tiers some competitors maintain.

Feature	Standard	Raw	TradingView
Minimum deposit	$100	$100	$100
Pricing model	Spread only	Raw spread plus commission	Spread only
EUR/USD spread from	1.0 pips	0.0 pips	1.0 pips
Measured EUR/USD average (Feb 2026)	1.1 pips	0.1 pips	1.1 pips
Commission	None	$3.50 per side, $7 per lot round turn	None
Maximum leverage (ASIC/FCA/CySEC retail)	1:30	1:30	1:30
Maximum leverage (offshore entities)	1:500	1:500	1:500
Minimum trade size	0.01 lot	0.01 lot	0.01 lot
Platforms	MT4, MT5, TradingView	MT4, MT5, TradingView	TradingView

For anyone trading with any regularity, Raw is the better account and the arithmetic is straightforward. A standard lot of EUR/USD on Raw cost roughly 0.8 pips all-in when we measured it — 0.1 pips of spread plus about 0.7 pips equivalent in commission — against 1.1 pips on Standard. The saving is real but modest per trade, and it only becomes meaningful at volume. It is also a reduction in what you pay, not an increase in what you make: lower costs improve your odds, they do not produce returns.

Standard remains defensible for infrequent traders who prefer a single number to reason about, since the gap on majors is only about 0.3 pips of total cost. The TradingView account is functionally Standard pricing with TradingView as the execution surface.

Leverage, and why the cap is a protection

Retail clients under ASIC, the FCA and CySEC get the standard caps, topping out at 1:30 on major currency pairs with lower limits on other asset classes. Clients onboarded by the offshore entities can access up to 1:500. It is worth stating plainly what that difference means, because brokers market it as a benefit: 1:500 leverage magnifies losses at exactly the rate it magnifies gains, on an account with fewer protections underneath it. The regulatory caps exist because retail outcomes measurably improved after they were introduced.

Fees and trading costs

Eightcap is a low-cost broker by sector standards, particularly on the Raw account. We tracked direct and indirect costs across the testing period and found no hidden charges, though one entity-specific fee needs watching.

Spreads

We sampled spreads at several points across the trading day during February 2026. The table compares Standard-account pricing, quoted in pips, against three competitors on their equivalent commission-free accounts.

Instrument	Eightcap	IC Markets	Pepperstone	XM
EUR/USD	1.1	0.9	0.9	1.6
GBP/USD	1.3	1.1	1.1	2.1
USD/JPY	1.2	1.0	1.0	1.6
AUD/USD	1.2	1.0	1.1	1.8
USD/CHF	1.4	1.2	1.3	2.0
Gold (XAU/USD)	2.0	1.8	1.5	3.5
Oil (WTI)	3.0	2.8	2.5	3.5

Eightcap undercut XM on all seven instruments and sat consistently behind IC Markets and Pepperstone by around 0.2 pips on the major pairs — a gap most traders will not notice on a single trade, though it compounds at volume. Gold is the weakest line: 2.0 pips against the 1.5 pips recorded in our Pepperstone review is a 33% cost premium on an instrument many traders use heavily.

We also observed spreads widening sharply during the daily rollover window, roughly 21:55 to 22:05 GMT, occasionally doubling on some pairs. This is normal behaviour across the industry rather than an Eightcap fault, but if you are placing orders in that ten-minute window you are paying materially more than the quoted average.

Commissions and overnight financing

Standard and TradingView accounts charge no commission; the cost is entirely in the spread. Raw charges $3.50 per side, $7 per standard lot round turn, which we re-confirmed as unchanged at July 2026. That matches IC Markets and Pepperstone’s Razor account exactly. One genuine advantage: Eightcap does not charge commission on commodities even on the Raw account, so gold and oil traders get raw spreads without the per-lot fee.

Overnight financing was mid-range when we measured it in February 2026. On a single standard lot we recorded EUR/USD long at −$6.80 and short at +$2.30, GBP/USD long at −$4.20 and short at +$0.80. These figures track prevailing interest rates and will have moved since. Triple financing is applied on Wednesdays to cover the weekend, which is standard practice.

Non-trading fees

Eightcap charged us nothing for deposits or withdrawals on any method we tested. Your bank or wallet provider may still charge from their side — our international bank transfer attracted the usual correspondent fees from the sending bank, which is not something the broker controls.

Inactivity is the fee to watch, and it is entity-specific. When we checked in early 2026, the ASIC and offshore entities charged nothing for dormancy, while the CySEC entity applied €10 per month after three consecutive months without trading or depositing. We could not re-confirm that charge against a current published schedule at publication, and some sources now state no inactivity fee applies at all. Treat the €10 figure as measured in early 2026 rather than current, and confirm it on your own entity’s fee schedule before you leave an account dormant.

The swap-free account

Eightcap does offer a swap-free account, which removes overnight financing entirely. That makes it relevant to traders observing Islamic finance principles, and equally to anyone who simply wants overnight interest out of their cost model — position traders and carry-averse strategies included.

The problem is not the product, it is the documentation. Swap-free terms appear nowhere on the website. Support confirmed to us in January 2026 that the account exists and can be enabled after opening a live account, but we could not find published terms covering eligibility, whether an administrative charge substitutes for the removed swap, or whether a holding-period grace applies. Competitors that publish this properly let you compare before committing; here you cannot. If swap-free terms matter to you, get the substitute-fee structure in writing from support before you fund the account, because an undisclosed administrative charge can easily exceed the swap it replaced. We have scored this as a transparency failure rather than a product gap.

Desktop platforms

Eightcap offers no proprietary desktop platform. You get MetaTrader 4, MetaTrader 5 and TradingView, plus the Capitalise.ai automation layer. Whether that is a weakness depends entirely on what you want — there is no in-house software to learn, but equally no in-house software that could differentiate the experience. That combination is what puts Eightcap among the best MT4 brokers we compared, on the strength of the wiring rather than the software.

MetaTrader 4 arrives in essentially stock configuration, without the custom indicator packs some brokers bundle. Execution during our testing was consistently under half a second, and expert advisors ran without issue. MetaTrader 5 adds depth of market, more timeframes and additional order types, and gives access to the full 800-plus instrument range where MT4 does not. Both were stable throughout four weeks of testing, with no disconnections or platform faults recorded.

TradingView is the reason to consider this broker. Linking the live account took under two minutes, after which we could open, modify and close positions directly from the chart without switching applications. You keep the whole TradingView analytical toolkit — over 100 built-in indicators, advanced chart types, custom Pine scripts — with live execution wired underneath. For a technical trader who already works in TradingView, this removes a genuine friction that most brokers still impose. Across 30 orders placed this way we found the integration reliable, with no dropped connections.

Capitalise.ai lets you write automation rules in plain English — an instruction of the form “if EUR/USD breaks 1.10, open a long position” is parsed and executed without any code. In testing it handled straightforward conditional strategies well. It does not approach the flexibility of a properly written expert advisor for complex logic, and it should not be mistaken for one, but as a way into automation for non-programmers it is a real addition.

Mobile apps

We tested on an iPhone 14 Pro and a Samsung Galaxy S23 during February 2026. There is no Eightcap app. Mobile trading means the standard MetaTrader 4 and MetaTrader 5 apps, or the TradingView app, each linked to your account.

The MetaTrader 5 app delivered a serviceable experience — opening and closing positions, monitoring charts and managing pending orders all worked as expected, with execution slightly slower than desktop but acceptable. It carries a 4.6-star App Store rating, which reflects the app rather than the broker.

TradingView on mobile is the better experience, with noticeably stronger charting and easier navigation than either MetaTrader app, and the same direct execution once linked. If you intend to trade from a phone with any frequency, this is the route to take.

The absence of a proprietary app has a concrete cost beyond convenience: there are no broker-native price alerts or push notifications. You can use the alerting built into TradingView or MetaTrader instead, which works, but nothing ties account events — margin levels, order fills, funding status — to a notification from Eightcap itself. Competitors that maintain their own apps generally bundle market news, analysis and account alerts into one place, and that consolidation is missing here.

Trading tools

We catalogued the full instrument range during testing. Eightcap lists over 800 instruments, and the distribution is unusual — the crypto coverage is exceptional while the forex range is merely adequate.

Category	Approximate count	Examples
Forex	56 pairs	EUR/USD, GBP/USD, USD/JPY, AUD/USD
Share CFDs	350+	Apple, Tesla, NVIDIA, Microsoft
Cryptocurrency CFDs	250+	BTC/USD, ETH/USD, crypto indices
Indices	15+	S&P 500, NASDAQ, DAX, FTSE 100
Commodities	16	Gold, silver, WTI, Brent, natural gas

Fifty-six currency pairs covers majors, minors and a reasonable set of exotics, though it trails IC Markets’ sixty-plus. Liquidity on the majors was excellent throughout our testing; on exotics such as USD/TRY and USD/ZAR it thinned noticeably and spreads widened accordingly, which is normal but worth planning around if those pairs are part of your strategy.

The 250-plus crypto CFD range is the standout and explains the crypto broker awards. It covers the majors alongside a deep list of alternative coins and crypto indices. Note that these are CFDs — you never hold the underlying asset, and you are exposed to the broker as counterparty rather than owning coins in a wallet.

The 350-plus share CFDs draw mainly on US, Australian and European listings, with US technology names best represented. Analytical tooling beyond the platforms themselves is limited to an economic calendar and the indicator sets built into MT4, MT5 and TradingView.

Order execution

We placed 50 live orders on a funded Raw account through MetaTrader 5 and TradingView during February 2026. Eightcap runs an STP, no-dealing-desk model, routing orders to external liquidity providers rather than internalising them — which reduces the structural conflict of interest but means volatility slippage is passed through to you rather than absorbed.

Orders placed	50, live account, February 2026
Average execution speed	Approximately 40 milliseconds
Filled at requested price	85%
Positive slippage	10%
Negative slippage	5%
Requotes	None

Around 40 milliseconds is a good result against a sector norm closer to 50–100 milliseconds. The slippage profile is the more encouraging number: twice as many fills improved on the requested price as worsened it, which is what you expect from genuine STP routing rather than a book being managed against you. Zero requotes across 50 orders is consistent with the execution model the broker advertises.

We deliberately split the test — 15 orders through TradingView and 15 through MT5 under comparable market conditions — to check whether the integration imposed a penalty. It did not. Speed and fill quality were indistinguishable, which means choosing TradingView as your execution surface costs you nothing.

Order types cover the standard set: market, limit, stop, stop loss, take profit and trailing stop, with buy stop limit and sell stop limit additionally available on MT5.

Deposits

We funded the account with $500 by Visa card. The money appeared instantly, with no charge from Eightcap. The full deposit range is broad and covers the methods most UK, EU and Australian traders will want.

Method	Processing time	Broker fee	Minimum
Visa / Mastercard	Instant	None	$100
Bank transfer	1–3 business days	None (your bank may charge)	$100
Skrill / Neteller	Instant	None	$100
PayPal	Instant	None	$100
Cryptocurrency	Network confirmations	None	$100
BPAY (Australia)	1–2 business days	None	$100

PayPal support is worth noting because it remains relatively uncommon among CFD brokers and is convenient for UK and EU clients. Crypto deposits in Bitcoin, Ethereum and USDT are also accepted. Regional rails including China UnionPay, FasaPay and Pay Retailers are supported for the markets they serve.

The $100 minimum sits mid-table. XM opens accounts from $5 and IC Markets requires $200, so Eightcap asks for neither the lowest nor the highest entry point. For what it is worth, a $100 first deposit is a sensible amount to risk while you find out whether a broker suits you.

Withdrawals

We requested a $200 withdrawal by bank transfer in February 2026 and tracked the full process. Submitting the request through the client portal took under two minutes. The finance team’s review took one business day. The funds then took a further two business days to land. Total elapsed time from request to money in the account was three business days, with no fee charged by Eightcap.

That is an acceptable result but not a strong one. IC Markets frequently processes same-day, and Pepperstone is faster on average. Against a sector norm of three to five business days, Eightcap sits at the better end of ordinary. E-wallet withdrawals are quicker — around one business day after review — while bank transfers are the slowest route.

Our own experience was clean: no obstacles, no unexpected conditions, no fees. The only requirement was that funds return to the source of the deposit, which is standard anti-money-laundering practice across the industry rather than anything particular to this broker. Profits exceeding the original deposit can be sent to a bank account in your own name.

We have to qualify that, though, because one clean test is a sample of one. Across independent review platforms the negative feedback on Eightcap concentrates specifically on withdrawals — delayed payouts, cancelled requests, and documents being requested again that clients had already supplied. We did not encounter any of this, and we cannot verify individual accounts of it. But the pattern is consistent enough, and narrow enough, that it would be misleading to report our smooth experience as though it settled the question. It is the main reason the withdrawals score below is 7.5 rather than higher, and it is the strongest argument for completing verification thoroughly at sign-up.

Customer support

We contacted live chat at three different times across a week without identifying ourselves as reviewers. On a Tuesday at 10:00 GMT we were connected in under a minute. On a Thursday at 15:00 we waited around three minutes. On a Monday at 20:00 we waited two minutes. Email responses ran between four and twelve hours.

Quality was better than speed alone suggests. We asked deliberately technical questions about execution mechanics, variable spread behaviour and swap-free eligibility, and got accurate, specific answers rather than deflection to a help article. The agent who handled the swap-free query gave a detailed response covering how to enable the account — information that, as noted above, is not published anywhere on the site.

The structural limitation is coverage. Live chat runs 24 hours a day Monday to Friday, but not at weekends — so a problem arising on a Saturday waits until Monday. Support is offered in English, Chinese, Thai, Korean, Vietnamese, German, Spanish, Italian and French. Email is [email protected] and telephone support is available.

Research and education

This is the weakest part of Eightcap’s offering, and it is not close.

Eightcap Labs hosts educational articles, market commentary and newsletters. We read through a representative sample and found the quality average and the depth limited. The material covers trading fundamentals, technical analysis concepts and risk management at an introductory level, but it does not approach the structured depth of XM’s academy or IC Markets’ education library. There is no sequenced course a beginner could work through from a standing start.

Live webinars exist but are irregular, with no dependable schedule to plan around. Analytical tooling amounts to an economic calendar plus whatever is built into the platforms.

The TradingView integration offsets some of this by accident rather than design. TradingView’s community publishes a continuous stream of trade ideas and analysis, and its own educational material is substantial. If you are going to use Eightcap, you will get more analytical value from that ecosystem than from anything the broker publishes — but you would get the same value using TradingView with any other broker, so it is not really a point in Eightcap’s favour.

Transparency is a mixed picture within this category. Licence numbers and the full entity list are published clearly, which many brokers do not manage. Against that, the swap-free terms are absent entirely and the inactivity fee position was hard to pin down. Publishing your regulatory position well while leaving product terms undocumented is an odd combination.

Fund safety and protections

Broker fund safety at Eightcap depends almost entirely on which entity holds your account, and the gap between the best and worst case is wide.

Protection	ASIC	FCA	CySEC	Offshore entities
Client money segregation	Yes	Yes	Yes	Yes
Negative balance protection	Yes	Yes	Yes	Varies by entity
Compensation scheme	No	FSCS, £85,000	ICF, €20,000	None
Retail leverage cap	1:30	1:30	1:30	Up to 1:500

Segregation is universal across the group: client money is held in bank accounts separate from operating funds, with the Australian entity using National Australia Bank. In an insolvency, segregated money is legally protected from the firm’s creditors — though recovering it can still be slow.

Compensation schemes are where the entities genuinely diverge. UK clients under the FCA entity are covered by the FSCS up to £85,000. One point worth clarifying, because it is being reported incorrectly elsewhere: the FSCS limit rose to £120,000 on 1 December 2025, but that increase applies to deposits held at banks, building societies and credit unions. The investment limit relevant to a CFD broker’s clients remains £85,000. EU clients under the CySEC entity are covered by the Investor Compensation Fund up to €20,000. Clients of the Australian entity and all four offshore entities have no compensation scheme at all — segregation is the entire protection.

Negative balance protection applies across the tier-1 entities, resetting a negative balance to zero rather than pursuing you for the shortfall. Under the offshore entities it varies, and it should be confirmed in the specific client agreement rather than assumed — it matters most precisely where leverage is highest.

On the technical side, connections are TLS-encrypted and two-factor authentication via Google Authenticator is available on the client portal. We recommend enabling it. We observed no security problems during testing.

The risk that applies regardless of entity: CFDs are leveraged products and most retail accounts lose money trading them. When we measured, Eightcap’s own disclosures put the loss rate between 65.18% and 83.36% depending on entity. Those figures are restated periodically and we could not confirm the current numbers at publication, so check your entity’s disclosure — but the order of magnitude is the point. Never trade with money you cannot afford to lose, and treat leverage as a risk multiplier rather than an opportunity.

Verdict

Eightcap is a competent, well-licensed broker with one distinctive strength and a set of ordinary weaknesses. The TradingView integration is the best reason to use it: it works properly, it costs nothing in execution quality, and for a technical trader it removes real friction. Raw pricing is competitive, execution is fast and clean, and the crypto range is genuinely unusual. None of that is marketing — we measured all of it, on the same test protocol behind every one of our broker reviews.

What holds the score down is the surrounding offering. Research and education are thin. Withdrawals are adequate rather than good, and the independent complaint pattern around them deserves weight our own single clean test cannot override. The swap-free account is real but undocumented. And the offshore entity structure has expanded from one company to four since our original testing, which makes the question of who actually holds your money harder to answer than it was.

Category	Weight	Score
Regulation and licensing	25%	8.0
Trading costs	20%	8.3
Withdrawals and fund access	20%	7.5
Platforms and execution	15%	8.5
Customer support	10%	7.8
Research and transparency	10%	6.5
Overall	100%	7.9

Two categories account for the gap between this and a higher score. Regulation and licensing sits at 8.0 rather than 8.8 because of the November 2023 ASIC leverage-cap remediation and the growth of the offshore stack — neither is disqualifying, but both are real. Withdrawals and fund access sits at 7.5 because a three-business-day turnaround is unremarkable and the complaint pattern is consistent. Research and transparency at 6.5 is the lowest score here and reflects both the thin content library and the undocumented swap-free terms.

Choose Eightcap if you trade from TradingView charts, want competitive Raw pricing, and are onboarded by the UK, EU or Australian entity. Look elsewhere if you need structured education, want a proprietary app, need published swap-free terms you can compare, or would be routed offshore and want a compensation scheme behind your account.

Is Eightcap trustworthy?

Is Eightcap a scam?

No. Eightcap holds licences from three tier-1 regulators — ASIC in Australia (391441), the FCA in the UK (921296) and CySEC in Cyprus (246/14) — and we confirmed all three as active on the regulators’ own registers on 27 July 2026. The firm has operated since 2009. We opened a funded account, traded it and withdrew money without obstruction. You can verify the licences yourself in minutes, which is the check we would recommend for any broker before depositing.

Why is there an FCA warning about Eightcap?

The FCA warning list carries an entry for “Eightcap VIP / eightcap.vip”, published on 2 January 2024. It is a clone-firm alert, not a finding against the broker. The notice names the genuine firm — Eightcap Group Ltd, FRN 921296 — and warns that fraudsters are using its real details, mixed with a fake website, to deceive people. The licensed broker is not the subject of the warning. Deal only through eightcap.com or your entity’s regional domain, and check any firm claiming to be Eightcap against the FCA warning list first.

Has Eightcap ever been penalised by a regulator?

Eightcap Pty Ltd was one of seven CFD issuers involved in an ASIC-supervised remediation in November 2023, in which AU$4.3 million was returned to more than 1,500 retail clients for leverage offered above the permitted caps. IG, CMC Markets, Pepperstone, Saxo Markets, Capital.com and City Index were the others. The firms self-reported, ASIC attributed the cause to IT change-management weaknesses and manual error, and no penalty or licence condition was imposed on Eightcap. We treat it as a settled, self-reported breach rather than a pattern of circumventing client protections — but it involved a core protection rule and it lowered our regulation score accordingly.

Can I actually withdraw my money?

We withdrew $200 by bank transfer in February 2026. It cleared in three business days with no fee and no obstruction. The one requirement is that funds return to the source you deposited from, which is standard anti-money-laundering practice. We should be straightforward about the caveat: withdrawal delays and repeated document requests are the dominant theme in Eightcap’s negative independent reviews. We did not experience them, and we cannot verify individual complaints, but the pattern is consistent enough to mention. Completing verification fully at sign-up is the best way to avoid the problem.

Which Eightcap entity will hold my money?

It depends on where you live, and it is the most consequential fact about the relationship. UK residents go to Eightcap Group Ltd under the FCA, EU residents to Eightcap EU Ltd under CySEC, and Australians to Eightcap Pty Ltd under ASIC. Everyone else is routed to one of four offshore entities — in the Bahamas, Seychelles, Mauritius or St Vincent and the Grenadines — with higher available leverage and no compensation scheme. Check the client agreement you are signing before you fund the account, not after.

Frequently asked questions

What is the minimum deposit at Eightcap?

$100 across all three account types — Standard, Raw and TradingView — confirmed unchanged at July 2026. Eightcap charges no deposit fee, though your bank or e-wallet provider may. Card and e-wallet deposits are instant; bank transfers take one to three business days.

What is the difference between the Standard and Raw accounts?

Cost structure. Standard charges no commission and builds the cost into the spread, which we measured averaging 1.1 pips on EUR/USD. Raw offers much tighter spreads — 0.1 pips average on EUR/USD in our February 2026 testing — but charges $3.50 per side, $7 per standard lot round turn. All-in, Raw worked out around 0.8 pips against Standard’s 1.1, so active traders pay less on Raw. Infrequent traders who prefer a single figure to track may find Standard simpler.

Does Eightcap offer a swap-free account?

Yes, but you would not know from the website. Support confirmed to us in January 2026 that a swap-free account is available and can be enabled after opening a live account. No terms are published — not eligibility, not whether an administrative charge replaces the removed swap, not whether a grace period applies. Get those terms in writing from support before funding, because a substitute administrative fee can exceed the overnight financing it replaces.

How do I trade through TradingView with Eightcap?

Open an Eightcap account, then open TradingView, go to the trading panel below the chart, select Eightcap from the broker list and enter your account credentials. Linking took us under two minutes. Once connected you can open, modify and close positions directly from the chart with the full TradingView analysis toolkit available. In our testing, execution through TradingView matched MT5 for both speed and fill quality.

How fast is execution at Eightcap?

Across 50 live orders in February 2026 we measured an average of approximately 40 milliseconds, against a sector norm nearer 50–100 milliseconds. 85% filled at the requested price, 10% received positive slippage and 5% negative, with no requotes. Execution runs on an STP no-dealing-desk model, so slippage during volatile conditions is passed through rather than absorbed.

Does Eightcap charge an inactivity fee?

It depends on your entity, and we could not fully re-confirm this at publication. When we checked in early 2026, the ASIC and offshore entities charged nothing, while the CySEC entity applied €10 per month after three consecutive months of no trading or depositing. Some sources now indicate no inactivity fee applies at all. Confirm on your own entity’s current fee schedule before leaving an account dormant.

Is Eightcap good for beginners?

Only partly. The $100 minimum deposit is accessible, the 0.01-lot minimum trade size allows careful position sizing, and the demo account is unlimited in duration. But the education library is one of the weakest we have reviewed, with no structured course to work through, so a complete beginner would need to learn elsewhere. Brokers with serious education programmes are a better starting point. Whatever you choose, remember that most retail accounts lose money trading CFDs.

Founded	2009
Founder	Joel Murphy
Chief executive	Bryn Newell, announced May 2026
Headquarters	Melbourne, Australia
UK entity	Eightcap Group Ltd, registered in England and Wales, company number 12448314, 40 Gracechurch Street, London EC3V 0BT
Cyprus entity	Eightcap EU Ltd, registration HE329922, Limassol
Countries served	100+
Instruments	800+
Trustpilot	Approximately 4.0/5 across roughly 3,400 reviews, July 2026