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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Eightcap

Best Broker for Trading Australian Shares

Eightcap
4.53
Rate & review
How we review
Accepts South African Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap Markets is regulated by ASIC, the SCB, & the VFSC.
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Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

AUD 100

Regulated By

ASIC, SCB, FCA, CySEC

Trading Cost

AUD 10

Leverage

500:1

Copy Trading

Yes

Platforms

MT4, MT5, TradingView

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices ( )
Metals

Eightcap Broker Review

Updated May 2026


With three simple low deposit accounts, Eightcap appeals to crypto traders on the MetaTrader and TradingView platforms looking for a large range of cryptocurrency options.   


A well-regulated broker, Eightcap offers trading on Forex, indices, commodities, share CFDs, and over 250 cryptocurrencies, the largest set in the industry.    


Eightcap offers two live accounts and a demo account. Both of its live accounts have a minimum deposit of 100 AUD (or currency equivalent), making them appealing to beginner traders.  The Standard Account has fees included in its variable spreads, which average at 1 pip on the EUR/USD, while its Raw Spread Account offers competitive spreads of 0.1 pips (EUR/USD) in exchange for a commission of 7 USD (round turn).  


Both MT4 and MT5 are fully supported, and Eightcap offers a premium toolset by FX Blue Labs that includes an array of sophisticated alarms and messaging systems, and live sentiment and correlation tracking.  It also offers Capitalise.ai, a platform that helps customers create automated trading strategies using intuitive non-coding language.  


While Forex education and analysis are not as comprehensive as some of Eightcap’s larger competitors, customer service is available in 10 languages and is responsive and knowledgeable.
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Accepts South African Clients. Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap Markets is regulated by ASIC, the SCB, & the VFSC.
Broker Award

Eightcap - Best Crypto Broker

Cryptocurrency CFDs have rapidly become one of the largest markets in the trading world. While volatility and risk have put some brokers off, Eightcap thoroughly embraced the trend in 2021, launching the largest crypto CFD range in the world. With over 250 crypto pairs to trade, Eightcap has earned its place as the leading broker for trading Bitcoin, Litecoin, and Ethereum and many other lesser-known cryptocurrencies. Eightcap has shown that the best regulated and established brokers can support a wide range of cryptocurrency CFDs with competitive leverage.

Pros

  • Great platform choice
  • Excellent education

Cons

  • Limited demo account
  • No swap-free account option
Rating Reviews
4.53

Eightcap Overall Summary

Trust Rating
5
Trading Conditions
4.5
Platforms
4.5
Education
4.5
Beginner Friendly
4
Assets Available
4.5
Analysis Research
5
Deposit & Withdrawal
4.5
Overall Rating
4.53
/ 5
Base Currencies
AUD, CAD, EUR, GBP, NZD, SGD, USD
Number of FX Pairs
55
Crypto Pairs
100
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
No
Account Name
Raw
Commission
7 USD / lot
EUR/USD
0.06
GBP/USD
0.73
USD/JPY
0.23
Negative Balance Protection
No
Company Name
Eightcap Pty Ltd
Founded
2009
Website
www.eightcap.com
Website Language
English, Spanish, Portuguese, Indonesian, Thai
Support Language
English
Office Locations
United Kingdom, Australia, Bahamas, Europe
Support Email Address
[email protected]
FP Markets FP Markets

Deposit & Withdrawal

banktransfer
mastercard
neteller
skrill
visa

Supported Platforms

Best MT4 Forex Brokers
Best MT5 Forex Brokers
TradingView
Eightcap

Ready to trade with Eightcap?

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Eightcap is a safe broker for South Africans to trade with. It maintains regulation from the Australian Securities and Investments Commission (ASIC), the Securities Commission of Bahamas (SCB), and is registered in Vanuatu.

Is Eightcap Regulated in South Africa?

Eightcap is not regulated in South Africa, but offers a compliant and transparent trading service to South African traders via its Bahamas-regulated entity.

Regulatory Overview: Eightcap holds licences across multiple reputable jurisdictions, including:

  • ASIC (Australia) – Eightcap Pty Ltd (AFSL No. 391441)
  • FCA (UK) – Eightcap Group Ltd (FRN: 921296)
  • CySEC (EU) – Eightcap EU Ltd (Licence No. 246/14)
  • SCB (Bahamas) – Eightcap Global Ltd (Licence No. SIA‑F220)
  • FSA (Seychelles) – Eightcap International (FSA Licence No. SD100)

Regulation for South African Traders: While Eightcap is not regulated by the FSCA, it accepts South African clients via its Bahamas-regulated entity (SCB) which complies with strong international standards.

Client Protection Measures for South Africans: Even though local protections do not apply, Eightcap ensures several global safety measures:

  • Segregation of Funds: Client funds are held in separate accounts at reputable banks.
  • Negative Balance Protection: Ensures traders cannot incur losses beyond their account balance. 
  • Enforcement of SCB Regulations: Under SCB (Bahamas) oversight, trading accounts must meet criteria like minimum equity thresholds, prohibition of bonuses, and leverage restrictions (default 1:100, adjustable to 1:500).

While Eightcap does not carry FSCA regulation, its licensing under ASIC, FCA, CySEC, and SCB ensures it maintains high operational standards and investor safeguards for South African users.

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Eightcap’s Trading Instruments

Eightcap offers an average range of financial instruments compared to other similar brokers.

Available Assets and Leverage

South African traders at Eightcap can access over 800 CFDs across a wide range of asset classes—including forex, indices, commodities, shares, and cryptocurrencies—with competitive trading conditions and high leverage options.

Instrument Categories:

  • Forex: Over 45 currency pairs, including majors (e.g., EUR/USD, GBP/USD), minors (e.g., EUR/NZD, GBP/JPY), and exotics (e.g., USD/TRY, EUR/SGD).
  • Indices: 13 major global indices, such as US30, US500, NAS100, UK100, GER40, JPN225, and the South African SA40.
  • Commodities: CFDs on gold, silver, platinum, crude oil (WTI, Brent), and natural gas.
  • Shares (Stock CFDs): CFDs on over 600 global equities from the US, UK, Australia, and Europe, including Apple, Meta, Tesla, Shell, and BHP Group.
  • Cryptocurrencies: Over 100 crypto CFDs—including majors like BTC/USD and ETH/USD, altcoins such as XRP, ADA, and SOL, and crypto-crosses like BTC/ETH and DOGE/BTC. Available 24/7.

Trading Conditions: All instruments are offered as CFDs with:

  • Spreads from 0.0 pips on Raw accounts (e.g., EUR/USD, XAU/USD, BTC/USD)
  • Maximum leverage of up to 1:500 (for forex)
  • 24/5 access for most assets; 24/7 access for cryptocurrencies

Eightcap provides fast execution and tight spreads across all asset classes via the MT4, MT5, and TradingView platforms, supported by institutional-grade liquidity and deep market access.

Overall, Eightcap’s CFD offering is in line with what is offered by other similar international brokerages.

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Eightcap Accounts and Trading Fees

Eightcap’s trading fees are average compared to other brokers.

Opening an Account at Eightcap

The account-opening and verification process at Eightcap is seamless, fully digital and accounts are ready within 24 hours, which is about the industry average. All South African residents are eligible to open an account at Eightcap, as long as they meet the minimum deposit requirements of 100 AUD (or currency equivalent). 

Trading Accounts

Eightcap offers South African traders a choice of three account types—each designed to suit different trading styles. The broker maintains transparent and competitive cost structures to match diverse needs.

Account Types:

  • Standard Account: Commission-free, with spreads starting from approximately 1.0 pip. Supports MetaTrader 4, MetaTrader 5, and TradingView platforms.
  • Raw Account: Offers ultra-tight spreads from around 0.0 pips, with a commission of roughly $3.50 USD per side ($7 round-turn). Compatible with MT4 and MT5.
  • TradingView Account: Integrated with the TradingView platform, combining charting and execution. Commission-free (shares may incur a commission), with spreads starting from 1.0 pip.
  • Demo Account: Both the Raw Account and the Standard Account are available as demo accounts. Without intervention, the demo account will expire after 30 days but can be converted to an unlimited demo account by contacting Eightcap customer service.

Trading Costs Overview:

  • Spreads: Standard Account from ~1.0 pip; Raw Account from ~0.0 pips; TradingView aligns with Standard spreads (~1.0 pip).
  • Commissions: Standard and TradingView accounts have no trading commissions (except on share CFDs). Raw Account charges $3.50 per lot per side. Swap fees apply to overnight positions.

Additional Cost Details:

  • Minimum Deposit: $100 across all account types.
  • No Deposit or Withdrawal Fees: Eightcap does not charge internal fees for deposits or withdrawals—though third-party or conversion fees may apply.
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Eightcap's Trading Platforms and Tools

Eightcap offers support for MT4, MT5 and TradingView, some of the most popular trading platforms in the Forex industry.

Mobile Apps

South African traders with Eightcap can trade on the go using mobile versions of industry-standard platforms. While Eightcap does not offer its own proprietary app, it supports the top-tier third‑party platforms that deliver full functionality on mobile devices.

MetaTrader 4 (MT4) Mobile App

Experience Forex and CFD trading through the MT4 mobile app—available for iOS and Android. Access real-time quotes, customizable charts, technical indicators, order types, trade execution, and account management. Simply log in using your Eightcap credentials to sync your live or demo account. 

MetaTrader 5 (MT5) Mobile App

XM’s successor platform, MT5, is also fully supported on mobile. It offers enhanced features like additional timeframes, built-in economic calendar, multi-asset trading, and improved technical tools. Compatible with both iOS and Android using Eightcap credentials. 

TradingView Mobile App

The powerful TradingView platform is fully integrated with Eightcap. Traders can connect via the TradingView mobile app to gain access to advanced charting, custom alerts, order execution, and account syncing directly from their mobile device.

Summary: Eightcap does not provide a proprietary mobile app but ensures full mobile compatibility through MT4, MT5, and TradingView, delivering a seamless mobile trading experience.

Trading Platform Comparison

Broker
Platform Choice
Copy Trading
Platforms
Eightcap
4.5
/ 5
Read Review
Yes
MT4
MT5
TradingView
Vantage
4.5
/ 5
Read Review
Yes
MT4
MT5
TradingView
ProTrader
FP Markets
5
/ 5
Read Review
Yes
MT4
MT5
cTrader
TradingView

Desktop Trading Platforms and Trading Tools

Eightcap offers a powerful suite of desktop platforms equipped with advanced analytical tools and seamless automation capabilities—ideal for both beginner and experienced traders.

MetaTrader 4 (MT4) 

Access the award-winning MT4 platform on Windows and macOS. MT4 provides fast order execution, multiple order types, over 30 built-in technical indicators, customizable charts, and support for Expert Advisors (EAs) to automate trading strategies.

MetaTrader 5 (MT5) 

MT5 builds on MT4’s foundation with enhanced features: 21 timeframes, 38 technical indicators, 44 graphical objects, an integrated economic calendar, depth of market (DoM) data, and expanded asset support, including stocks and crypto. Available in desktop and browser-based versions.

TradingView

Eightcap integrates directly with TradingView. After account connection, traders can analyze charts and execute trades directly from TradingView’s interface—without switching platforms. Compatible via Web and desktop.

Trading Tools & Features:

  • FlashTrader for MT5: Exclusive to Eightcap, FlashTrader is a trade management plug-in for MT5 that enables split take-profits, break-even automation, position equalisation, and rapid order execution—all from a single panel. Available to all live MT5 account holders via the client portal.
  • Automated Trading via EAs: Fully supported on MT4 and MT5 for algorithmic execution.
  • One‑Click Trading & Fast Execution: Available across MT4, MT5, FlashTrader, and TradingView.
  • Advanced Charting: MT4 (30+ indicators), MT5 (38 indicators + 44 graphical tools), and TradingView’s extensive library of indicators and drawing tools.
  • Economic Calendar: Built into MT5 for real-time macroeconomic data and event tracking.
  • Trading Automation via TradingView: Connect alerts to execution platforms using webhook services for strategy automation.

Platform Access for South African Traders: Regardless of which Eightcap entity they trade through (e.g., SCB), South African clients benefit from access to MT4, MT5, TradingView — ensuring world-class platform functionality and trade management tools.

Trading Tools Comparison

Broker
Economic Calendar
Autochartist
Trading Central
Trading View
Free VPS
VPS services are usually offered free with a minimum trade volume, otherwise a monthly subscription fee will apply. VPS services are usually hosted by third-party companies.
Eightcap
No
No
No
Yes
Yes
Vantage
Yes
No
Yes
Yes
Yes
FP Markets
Yes
Yes
No
Yes
Yes
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Eightcap Deposits and Withdrawals

Eightcap offers a decent range of payment methods, and withdrawals and deposits are free.  

Account Currencies and Funding Options

Eightcap operates a “return to source” policy, meaning that withdrawals must be made via the same method and the same account as the original deposit.

Eightcap clients can choose between 7 base currencies, including AUD, CAD, EUR, GBP, NZD, SGD, USD.

However, Eightcap does not offer ZAR trading accounts, which is a disadvantage for South Africans who will likely have bank accounts denominated in ZAR, and who will have to pay currency conversion fees on deposits and withdrawals.

Eightcap offers a range of deposit and withdrawal methods, including bank wire transfer, local bank transfer, credit cards and debit cards, Skrill, Neteller, BPay, Poli, and Unionpay transfers.  However, these are not all available for South African clients.

Eightcap offers more trading account currencies than most other large international brokers but it doesn’t offer accounts denominated in ZAR.  

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Eightcap’s Education and Market Analysis

Eightcap combines its comprehensive educational support with actionable market analysis tools—designed to help South African traders interpret market events and craft informed trading decisions.

Education

Eightcap has a broad mix of educational content—from live webinars and expert video sessions to in-depth guides and webinars—designed for both learning and strategy development.

Live Webinars & Interactive Learning

Eightcap regularly hosts live sessions such as “Mid‑Week Market Update”, led by experts like Ashraf Laidi and Giancarlo Prisco. These 20–30 minute webinars offer insights on emerging trends, price movement opportunities in forex, commodities, and indices, and help prepare traders for the week ahead.

Guides, Tutorials & Trading Strategies

Through Eightcap Labs, traders can access a wealth of structured content—e‑books, strategy guides, and tutorials. These focus on topics like index CFD strategies, volatility management, algorithmic indicators, and fundamentals of various trading markets.

Recognition for Educational Excellence

The Eightcap group has earned accolades for its educational initiatives, including “Best Forex Educational Resources” in 2021 and 2022 at the Global Forex Awards (Retail). These awards acknowledge the broker’s commitment to trader development.

Education Comparison

Broker
Beginner Course
Advanced Course
Well Structured Education
Education Quality
Webinars
Eightcap
Yes
Yes
Yes
Medium
Yes
Vantage
Yes
No
Yes
Medium
Yes
FP Markets
Yes
No
Yes
High
Yes

Market Analysis

Market Commentary & Webinars

Through expert-led webinars like the “Mid‑Week Market Update,” Eightcap delivers timely trading insights, technical analysis, and market commentary to help traders understand evolving price movements and momentum shifts.

Ongoing Market Tools & Coverage

Eightcap’s “Trade Zone” hosts recurring events featuring guest analysts—such as sessions in Mandarin covering CFD technical indicators and fundamental reviews—ensuring inclusive, multi-language market education. 

Comprehensive Education via Eightcap Labs

Eightcap Labs offers extensive written content, including e-books and guides that explore topics like market volatility, index strategies, and technical indicators—supporting traders in understanding deeper market dynamics. 

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Eightcap’s Customer Service

Customer support is available 24/5 from Eightcap’s five global offices via email, live chat, and telephone.

25/7 Customer support

Support is available in English, Chinese, Thai, Korean, French, Spanish, Italian, German, Vietnamese, and Portuguese.  

For the purposes of this review, we found Customer Support at Eightcap to be responsive, polite, and resourceful.

How We Score and Rank Forex Brokers

At FxScouts, our Broker Score and Trust Rating are designed to provide traders with an objective, data-driven evaluation of forex brokers. We continuously refine our methodology to reflect market changes, ensuring transparency and accuracy in our rankings.

Our independent review process analyzes 200+ data points across seven key categories, incorporating:

  • Regulation & Trustworthiness – Regulatory status, security measures, and broker reputation
  • Trading Costs & Fees – Spreads, commissions, and hidden charges
  • Platforms & Execution – Trading tools, execution speed, and user experience
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit & Withdrawal – Processing times, local banking support, and transaction costs
  • Education & Research – Quality of learning resources for beginners and experienced traders
  • Customer Support – Response times, multilingual service, and problem resolution


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Eightcap Risk Statement

Eightcap Risk Statement

Trading Forex is risky, and each broker is required to detail how risky the trading of Forex CFDs is to clients. Eightcap would like you to know that: Margin trading involves a high level of risk and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs, and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which means both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment).

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User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. Healso co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 100 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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