The trading ecosystem offers a plethora of perspectives for users, from stocks, forex and commodities to indices and cryptocurrencies. As long as the space is open, novice or newbie traders may find it difficult to venture into the space and make a profit. Eightcap is a financial services company created to provide trading solutions to users around the world.
Who is Eightcap?
Eight cap is a multi-award winning global Forex and CFD broker that was founded in Melbourne, Australia in 2009. The broker launched its services with one mission in mind, to provide an exceptional trading and financial environment for its users.
Eightcap Pvt. Ltd. is regulated by the Australian Securities and Investment Commission (ASIC), the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) while Eightcap Global Limited. is regulated by the Bahamian Securities Commission (SCB).
The broker has five offices around the world and offers its clients access to over 400 assets in Forex, Indices, Commodities, Shares and Cryptocurrency CFDs. Eightcap is committed to building a home for MT4 and MT5 traders to provide them with an unparalleled trading experience.
Eightcap recently launched the largest crypto derivatives offering in the industry, positioning itself as the new home for crypto derivatives. Users can access over 250 crypto derivatives including coins, crypto crosses, and crypto indices, all with ultra-low spreads. Spreads on cryptocurrencies are ultra-low. For example, we offer spreads on Bitcoin from 12p / coin, Cardano from 0.004p / coin, Dogecoin from 0.0002p / coin, and Ether from 0.45p / coin.
For more information:https://trade.eightcap.com/en/trade-crypto/home-of-crypto-derivatives/
MT4 and MT5 trading
Eightcap is establishing itself as a complete platform facilitating online trading on forex, indices and commodities. It is available on Windows, macOS, and Linux. Some of the main features of the MetaTrader 4 platform include:
- A free trading robot and access to a team of expert advisers
- One click trading enabled
- 30 built-in indicators, 24 graphic objects and 9 different timeframes
- 4 different types of pending orders and 3 types of order executions
- Market watch with real-time quotes
Eightcap offers its users 2 types of accounts: Standard and Raw.
- Standard account: The standard account is commission-free and offers a trading account with variable spreads. Users will need to deposit a minimum deposit of $ 100 to start trading in the financial markets. The average spread on major pairs is 1 pip but can go as low as 0.5 pips on some currency pairs.
- Gross Account: A gross account is a commission based account that has tight spreads and spreads as low as 0 pip on some major currency pairs. The minimum deposit for a gross account is $ 100. The commission charged on this account is $ 3.5 per standard lot traded.
The base currencies available for both are AUD, USD, GBP, and EUR. Gross accounts can also be denominated in NZD.
The leverage available on Eightcap depends on the users. For Australian clients, the maximum leverage is 30: 1, while for non-Australian clients it is 500: 1.
Swap fees and rates
The platform offers a transparent pricing model that offers very competitive rates. While MT4 and MT5 platforms offer variable spreads, they start at 0 pip for most currency pairs (for Raw account holders) and 0.5 for indices such as the SPX500. Spreads for gold and silver start at 1.0 pips and 0.5 pips respectively.
Spreads vary when it comes to cryptocurrencies (the spread on Bitcoin can be up to 30 pips).
Eightcap is not involved in the physical delivery of trades, and all positions are left open at the end of the trading day to be extended to a new value date. This gives them exposure to swap charges or credit.
Eightcap does not intervene in the physical delivery of trades and all positions left open at the end of the trading day are carried over to a new value date. This gives them exposure to swap charges or credit.
Eight cap owns over 400 financial instruments, including 45 currency pairs, 258 CFDs on US and Australian stocks, 11 indices, five commodities and over 250 cryptocurrencies.
The broker has won numerous awards this year. The most recent is for its cryptocurrency derivatives offering and was voted the best crypto broker at the annual AtoZ Markets awards. Eightcap also received Best Forex Educational Resources – Global and Best Forex Trading Support in Europe at the 2021 Global Forex Awards.
In addition to the wide range of services to its merchants, Eightcap also has dedicated customer support in English, Chinese, Bulgarian, Thai, French, German, Portuguese, Russian, Arabic and Spanish.
As mentioned earlier, Eightcap is regulated by ASIC, FCA, CySEC and SCB. It also does not charge any deposit or withdrawal fees. It offers different payment methods which can be done using BTC, Tether, PayPal, Credit / Debit Card, POLi Payment, Bank Transfer, Fasapay, BPAY, China UnionPay, Skrill, and Neteller.
The platform is continually developing its trading platform and strives to provide an effortless trading experience for its users. The broker offers its clients a range of tools and resources, including the automation of codeless transactions using Capitalise.ai.
For more information on Eightcap, please see their website.
Disclaimer: This is a paid article and should not be treated as news / advice.