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Eightcap

Eightcap is a well-established Australian regulated forex and CFD broker that offers the popular MetaTrader platform. With over 45 currency pairs, Bitcoin, Ethereum, and other cryptocurrencies, as well as indexes, stocks, precious metals, and commodities, Eightcap provides a diverse range of trading instruments for its clients. The company has been operating since 2009 and is known for its reliable and competitive trading conditions. Traders can enjoy a minimum trade size of 0.01 and leverage of up to 500:1. With a minimum deposit requirement of $100, Eightcap ensures accessibility for traders of all levels. The broker is regulated by ASIC, FCA, and VFSC, which adds an extra layer of security and trust. Traders can access their accounts through the popular MT4 and MT5 platforms, as well as TradingView. Additionally, Eightcap offers web and mobile trading options, allowing traders to stay connected and trade on the go. The company allows EAs and scalping, making it suitable for a variety of trading strategies. Managed accounts, such as MAM and PAMM, are also available for those who prefer a more hands-off approach. Deposits and withdrawals can be made through various methods, including bank wire, credit cards, e-wallets, and more. Overall, Eightcap provides a comprehensive trading experience with a wide range of instruments, competitive conditions, and reliable platforms.

Review Eightcap

Eightcap is an Australia regulated forex and CFD broker that offers the popular MetaTrader platform. With over 45 currency pairs, Bitcoin, Ethereum, and other cryptocurrencies, as well as indexes, stocks, precious metals, and commodities as CFDs, Eightcap provides a wide range of trading instruments for investors to choose from.

One of the key features of Eightcap is its regulation by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA), and the Vanuatu Financial Services Commission (VFSC). These regulatory bodies ensure that the broker operates in a transparent and secure manner, providing traders with peace of mind.

Broker Details

  • Minimum Trade Size: 0.01
  • Maximum Leverage: 500:1
  • Minimum to Open Live: $100
  • Established: 2009
  • Address: The Rialto, South Tower Level 35, 525 Collins Street, Melbourne VIC 3000, AU, Australia
  • Contact: [email protected], 61 3 8373 4800
  • Regional Offices: N/A
  • Regulators: ASIC #391441, FCA #921296, VFSC #40377
  • Prohibited Countries: Show all >>
  • Trading Platforms: MT4, MT5, TradingView
  • Web Trading: ✔ Yes
  • Mobile Trading: ✔ Yes
  • ECN: ✔ Yes
  • Currencies: Trading Instruments (45 )
  • Cryptocurrencies: (300 ) Bitcoin, Litecoin, Ethereum
  • CFD: (800 ) Gold, Silver, Stocks, Stock Indexes, Oil
  • Trading Conditions: EAs/Robots: ✔ Yes, Scalping: ✔ Yes
  • Managed Accounts & Social Trading: MAM: ✔ Yes, PAMM: ✔ Yes
  • Deposit Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
  • Withdrawal Methods: Bank Wire (Bank Transfer/SWIFT), VISA, MasterCard, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY

Eightcap offers a range of deposit and withdrawal methods, including bank wire transfers, credit cards, and popular e-wallets such as Neteller, PayPal, and Skrill. This allows traders to easily fund their accounts and withdraw their profits.

Pros and Cons

Pros:

  • Regulated by ASIC, FCA, and VFSC
  • Wide range of trading instruments
  • Multiple trading platforms available
  • Allows EAs/Robots and scalping
  • Managed accounts and social trading options
  • Diverse deposit and withdrawal methods

Cons:

  • Limited regional offices
  • Prohibited in certain countries

Safety Check

Eightcap is regulated by reputable financial authorities, ensuring that the broker adheres to strict guidelines and standards. This provides traders with a level of safety and security when trading with Eightcap.

FAQs

Q: Can I trade cryptocurrencies with Eightcap?

A: Yes, Eightcap offers a range of cryptocurrencies, including Bitcoin, Litecoin, and Ethereum, for trading as CFDs.

Q: What trading platforms does Eightcap offer?

A: Eightcap provides traders with the popular MetaTrader platforms, including MT4 and MT5, as well as the TradingView platform.

Q: Can I use EAs/Robots and engage in scalping with Eightcap?

A: Yes, Eightcap allows the use of EAs/Robots and supports scalping strategies.

Q: Does Eightcap offer managed accounts and social trading options?

A: Yes, Eightcap provides managed accounts through its MAM and PAMM services, as well as social trading options.

Q: What deposit and withdrawal methods are available with Eightcap?

A: Eightcap offers various deposit and withdrawal methods, including bank wire transfers, credit cards, and popular e-wallets such as Neteller, PayPal, and Skrill.

Overall, Eightcap is a regulated forex and CFD broker that offers a wide range of trading instruments and platforms. With its strong regulatory oversight and diverse deposit and withdrawal options, Eightcap provides traders with a secure and convenient trading experience.

Leave your feedback about your experience working with Eightcap on the forexroboteasy.com website.

Eightcap Review: Australia Regulated Forex and CFD Broker

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1 review

5 months ago

Eightcap Trading Review: Navigating Price Manipulation in AUDCHF

In the ever-evolving world of Forex trading, the trust and confidence we place in our trading platforms are crucial. The recent experience I had with Eightcap in relation to price manipulation has certainly challenged my faith and ignited my skepticism. It was an average trading day when I encountered a bizarre anomaly in the forex market. Amidst my typical trades with AUDCHF at 3 PM, something abnormal transpired. The price plummeted 25 pips in a fleeting moment, an abnormality impossible to miss, even to a novice's eye. This was not a case of increased spreads at market close or a mistake on my end. The actual selling price exhibited this unpredictable behavior. To confirm my suspicion, I compared the data on MetaTrader and Sierra Chart. Their differences were glaring and unexplainable, no 25-pip wick on the 3 PM candle was featured on the latter. This anomaly stirred unease, but what transpired next was even more frustrating. A significant AUD announcement was made at 5:30 PM that day, causing the price to ascend by 50 pips in a mere few minutes. Had I not been stopped out due to the earlier oscillation, I would have tripled my gains in an instant. The question left hanging, was it a mere coincidence that everyone got stopped out before the news hit the market? Trusting and investing in Eightcap for well over a year, this event was a severe letdown. Their richly deserved reputation for impeccable customer service and effortless deposit and withdrawal methods seemed to fade in the light of this event. Similarly, my Hotforex account told a peculiar narrative. According to its MT4 chart, USDTRY had spiked to an unprecedented 6.39, causing my account to be stopped out. However, a cross-check with multiple other charts revealed that the price hardly crossed the 5.85 mark, piling on to my doubts about the credibility of these Forex trading platforms. Moreover, I noted a clear case of price manipulation on GBPCHF in January 2018. It plummeted about 60 pips before quickly reverting to the original price - an event absent on other trading platforms. Price manipulation and fraudulent stop hunts have become common practices among certain brokers. They claim to rectify such discrepancies but often blame their liquidity provider for the palpable differences in price, denying any responsibility. In conclusion, Eightcap and platforms like it have been seen to manipulate prices, increasing the risk of significant losses. Many traders, including myself, have come to realize that the easy initial winnings and withdrawals are only shiny distractions carefully placed to mask the lurking risk of potential loss. The consequences can be severe, making it paramount to exercise caution in these uncertain waters. Hence, I urge potential investors to opt for reliable and authentic trading platforms that offer transparency and integrity in their operations.

RNG75HIim

1 review

5 months ago

Eightcap Trading Review: Unpacking the AUDCHF Price Manipulation Incident

In a day's trading that can best be described as bewildering, I was unexpectedly stopped out of a trade due to what I strongly suspect to be Price Manipulation. At straight-up 3 o'clock - and yes, I am all too aware that spreads are high at this time - my AUDCHF situation (of all the trade pairs I was working with this was the one I was most focused on) plummeted 25 pips in barely a blink. But this wasn't your typical 'I got stopped out because of high spreads' quagmire. The anomaly lay in the very core of the incident: the actual PRICE took a nosedive. To further investigate, I turned to Sierra Chart, a highly reliable trading platform I use along with MetaTrader. To my surprise, the Sierra Chart data feed showed nothing out of the ordinary. No 25 pip wick at 3 o'clock was registered in its feed - a stark discrepancy. As if the mysterious situation wasn't sketchy enough, a significant AUD announcement followed at about 5:30. Within a matter of minutes, the price surged by over 50 pips, a dramatic turnaround that could have offset my losses threefold had I not been stopped out so abruptly. Was it mere coincidence that trades were halted just before this major announcement? I leave it to you to infer the curious sequence of events. This situation has considerably dented my trust in Eightcap Trading, a platform I had come to rely on for over a year without encountering any major issues. They had earned my faith through their prompt customer service and effortless deposit and withdrawal system. Unfortunately, this incident has thrown a shadow of uncertainty over my experience. Looking back on a similar event on 26/08/2019, my HotForex account had been stopped out due to a sudden spike in the USDTRY according to HotForex's MT4 chart. Upon further scrutiny, I discovered that the spike was exclusive to the HotForex chart, indicating potential data manipulation. On another occasion, on Jan 26, 2018, the GBPCHF plummeted nearly 60 pips before stabilizing back to its original price. While it was a moment of panic, upon comparison with data from other platforms, there was no such crash, raising questions about the integrity of the price feed. Regrettably, there have been instances of blatant stop hunting, with the broker deflecting the issue onto liquidity providers. With such discrepancies often being 300-350 pips away from other brokers, suspicions about price manipulation are not unfounded. These binary options may seem enticing at first due to easy wins and withdrawals, yet they can quickly turn into a vortex of losses. It becomes alarmingly easy to get addicted, and before you’ve realized what's happening, you could lose a significant chunk of your investment. My losses amounted to about $35,000 - a harsh lesson learned. For those wishing to venture into trading, it would be wise to investigate and analyze a platform thoroughly before investing. The lure of quick profits can steer you towards risky decisions, but remember that trading is also about preserving your capital and investing wisely."