Eightcap is a global formal and reliable online foreign exchange trading company, focusing on providing foreign exchange account opening and trading, index and commodity investment for customers, providing online foreign exchange trading services for global investors, and supporting free download and account opening of MetaTrader 4 trading platform. Eightcap provides low spread accounts, with foreign exchange trading starting from 0.0 spread.
Basic Information & Regulatory Agencies
Eightcap was founded in Melbourne, Australia's traditional financial center, in 2009. The company currently holds a full license from the Australian Securities and Investments Commission (ASIC) and a retail foreign exchange license from the Vanuatu Financial Services Commission.
Security Analysis
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), a world-renowned mainstream regulatory agency.
Main business
Eightcap provides mainstream and popular financial instruments in the global financial market, including foreign exchange (42 currency pairs), indices, precious metals (gold, silver), and crude oil. The trading time of all foreign exchange currency pairs is 24 hours, but in order to avoid the spread caused by low market liquidity around 00:00 platform time, the platform time is suspended for 00 minutes from 00:00 to 05:5 every day.
Account & Leverage
In order to meet the investment needs and investment strategies of different investors, the company has set up a standard commission-free account and a raw spread account. The minimum deposit for the standard commission-free account is $200 or equivalent currency, and the minimum deposit for the raw spread account is $500 or equivalent currency. The maximum leverage of both accounts is 1:400.
Spreads & Fees
The minimum spread for foreign exchange in the standard commission-free account is 1.0 pips, and the minimum spread for foreign exchange in the raw spread account is 0.0 pips. The minimum spread for index and precious metal products is 0.5 pips, and the minimum spread for crude oil is 1.0 pips. The handling fee for the raw account is 7 USD per standard lot. Overnight interest will be calculated at the early hour of each trading day. The market is closed on weekends, so the overnight interest on Wednesdays is three times the usual amount.
Marketplaces
Eightcap uses the most popular MT4 trading platform. The platform's mobile application is suitable for Apple and Android smartphones and tablets. Traders can use mobile devices and MT4 View real-time charts, place orders, and track transaction history just like the desktop version.
Payment Methods
Eightcap provides investors with a variety of deposit and withdrawal methods, mainly China UnionPay, bank wire transfer, Visa/MasterCard credit card, Skrill e-wallet, POLi. The company does not charge any fees for deposits and withdrawals, but users may be charged a certain fee by the bank if they pay from non-Australian banks.
This system reconstructs the system framework, the front-end dual language supports opening other languages, the front-end re-opens the UI, and the K-line UI is simple and beautiful
