Eightcap Review 2026
Regulated broker with real licence numbers.
Eightcap is a regulated CFD broker founded in 2009. It holds a ASIC licence under number 391441.
The basics
Eightcap was founded in 2009 and is headquartered in Melbourne, Australia. It is privately owned. The broker offers CFDs on 800 instruments across forex, indices, commodities, and crypto. All positions are contracts for difference — there is no real asset ownership.
MetaTrader is available on all account types. Copy trading is not offered.
| Founded | 2009 |
| Headquarters | Melbourne, Australia |
| Instruments | 800+ |
| Platforms | MT4, MT5, TradingView |
| MetaTrader | Yes — MT4 and MT5 |
| Copy trading | No |
| Real stocks | No — CFDs only |
Is Eightcap safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Australia does not have a government-backed compensation scheme like the FSCS, but ASIC enforces high conduct standards.
| Regulator | Licence | Entity |
|---|---|---|
| ASIC | 391441 ✓ | Eightcap Pty Ltd |
| FCA | 921296 ✓ | Eightcap UK Ltd |
| SCB | SIA-F220 ✓ | Eightcap Global Ltd |
You can verify the ASIC licence at asic.gov.au. The registration shows the entity name, authorisation status, and full permissions list. It takes under a minute.
Eightcap spreads
These are the typical spreads on Eightcap's standard account. Spreads vary by market conditions and account type. ECN or raw-spread accounts offer lower spreads in exchange for a per-trade commission.
| EUR/USD | From 0.0 (ECN) + commission pips |
| GBP/USD | 0.3 pips pips |
| USD/JPY | 0.1 pips pips |
| Gold (XAU/USD) | 15c/oz |
| S&P 500 | 0.4pt |
Eightcap's EUR/USD spread of From 0.0 (ECN) + commission pips is wider than ECN-first brokers but typical for a commission-free account.
Eightcap withdrawal fee and processing time
Fee: None. Eightcap does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Processing time: 1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Withdrawal requests must pass identity verification before processing. If your account is not yet fully verified (proof of identity and address submitted), expect additional delays. Verified accounts follow the standard processing times above.
Eightcap minimum deposit by entity
The minimum deposit depends on which Eightcap entity serves your country. Offshore entities often allow lower minimums but with less regulatory protection.
| Entity | Regulator | Min deposit | Max leverage (forex) |
|---|---|---|---|
| Eightcap Pty Ltd | ASIC 391441 | $100 | 1:30 |
| Eightcap UK Ltd | FCA 921296 | $100 | 1:30 |
| Eightcap Global Ltd | SCB SIA-F220 | $100 | 1:500 |
Eightcap vs eToro
| Eightcap | eToro | |
|---|---|---|
| Primary regulator | ASIC 391441 | FCA 583263 |
| Min deposit | $100 | $50 |
| EUR/USD spread | From 0.0 (ECN) + commission pips | 1.0 pips |
| MetaTrader | Yes | No |
| Instruments | 800+ | 3,000+ |
| Copy trading | No | Yes |
| Withdrawal fee | None | $5 per withdrawal |
Both brokers are regulated and legitimate. Eightcap suits traders who value MetaTrader and algorithmic trading. eToro is better for traders who prioritise its specific regulated entity coverage.
Regulation — the numbers that matter
| ASIC | 391441 — Eightcap Pty Ltd |
| FCA | 921296 — Eightcap UK Ltd |
| SCB | SIA-F220 — Eightcap Global Ltd |
Leverage for retail clients in the EU and UK is capped at 1:30 on major forex pairs under ESMA rules. The offshore entity offers up to 1:500, but with lighter regulatory protection.
Pros and Cons
What works
- ASIC regulated — Eightcap Pty Ltd
- MetaTrader 4 and 5 available
- No inactivity fee
- Tight EUR/USD spread from 0 pips
- Regulated in 3 jurisdictions
What does not work
- No copy trading
- No real stock ownership — CFDs only
- High leverage only via offshore entity
The verdict
Eightcap is a legitimate, regulated broker. The ASIC licence number 391441 is verifiable on the public register. It is best suited for traders who want MetaTrader on a regulated platform. Rating: 4.0 out of 5.
Alternatives to Eightcap
If Eightcap does not fit your needs, these regulated alternatives are worth comparing:
Frequently asked questions
Is Eightcap safe?
ASIC-regulated brokers must maintain segregated client funds, meet strict capital requirements, and comply with Australian financial services law. Eightcap holds ASIC licence 391441, which is publicly verifiable on the official register.
What is the Eightcap minimum deposit?
The minimum deposit is $100. This applies to the main regulated entity. Some offshore entities may differ. See the entity table above for full breakdown.
What is the Eightcap EUR/USD spread?
The EUR/USD spread on Eightcap standard accounts is typically From 0.0 (ECN) + commission pips. Spreads vary with market conditions. ECN or raw accounts offer lower spreads with a per-trade commission instead.
How long does Eightcap take to process withdrawals?
1 to 3 business days. E-wallet and card withdrawals are typically faster than bank wire transfers.
Does Eightcap charge withdrawal fees?
None. Eightcap does not charge deposit or withdrawal fees. Your payment provider may apply their own transfer fees.
Does Eightcap have MetaTrader?
Yes. Eightcap supports both MT4 and MT5 on all account types. This allows automated trading, custom indicators, and expert advisors.