Eightcap

Eightcap, established in 2009 in Melbourne, Australia, operates under regulation from ASIC (Australia), FCA (UK), CySEC (Cyprus), and the Bahamas SCB. They also maintain a licence with the VFSC in Vanuatu, granting global market access. Eightcap offers over 1,000 instruments—including forex, indices, commodities, stocks, ETFs, and crypto CFDs—across MT4, MT5, TradingView integration, and a mobile app. They also support Capitalise.ai for no-code strategy automation.

We were impressed by Eightcap’s transparent pricing. With raw account models, forex spreads are typically around 0.6 pips and gold spreads near 1.20—competitive compared to market averages. They also avoid hidden fees: no charges on deposits or withdrawals and no inactivity penalties.

The platform suite stands out. Traders can stick with MT4 or MT5, or tap into TradingView directly—something few brokers offer. Capitalise.ai integration lets you automate strategies without writing code—a neat bonus. We tested order execution on TradingView and found it smooth and reliable.

Educationally, Eightcap offers a solid mix of webinars, articles, and live analysis—supporting both newcomers and seasoned traders. Customer service is another asset; during live testing, support staff were prompt and knowledgeable, matching their awards for client service.

Not everything is perfect. While forex and gold spreads are strong, DAX spreads proved notably expensive, which may disappoint traders focused on European indices. Secondly, some users report delays or confusion around KYC when connecting via TradingView—though that’s not unusual, it’s worth noting.

Eightcap also operates under offshore licenses in the Bahamas and Vanuatu, which offer less investor protection than FCA or CySEC alone. That said, all client funds are segregated, and negative balance protection is in place under FCA/CySEC/ASIC regulations.

Eightcap is a strong contender for traders prioritising cost transparency, platform choice, and modern automation tools. With tight spreads on major FX pairs and gold, no hidden fees, and access to TradingView and Capitalise.ai, it's a solid match for active traders and those wanting flexibility beyond MetaTrader.

However, if your focus is trading the DAX, or you’re looking for strictly FCA/ASIC-only regulatory setups, you might find better options elsewhere. Still, for many users—especially those trading forex, gold, or automating strategies—Eightcap delivers a snappy, clean, and trader-friendly experience that aligns well with what we look for at TraderGuide.