Eightcap review — costs, spreads & regulation

Overview

Legal / official name: Eightcap Pty Ltd (group brand: Eightcap)
Founded: 2009
Headquarters: Melbourne, Australia
Publicly listed: False
Accepts customers from: Global (marketed in 100+ countries) — clients are onboarded to the entity matching their residence: AU -> ASIC, UK -> FCA, EU/EEA -> CySEC, most other countries -> Bahamas/Seychelles/Mauritius entities
Notable exclusions: United States (no CFTC/NFA registration). Third-party lists (TradersUnion, 2026) also name Iran, Syria, Libya, Yemen, Somalia, Cuba, Venezuela, Belarus, Ukraine, Afghanistan, Iraq, Lebanon, Myanmar, Zimbabwe, Japan, New Zealand and others as not serviced; exact list is entity-dependent and not published in one place by Eightcap — confirm per entity

Regulation & entities

Brokers operate multiple legal entities; the protections and leverage you get depend on which one holds your account.

Entity	Regulator	Licence	Region
Eightcap Pty Ltd	ASIC (Australia)	AFSL 391441	Australia
Eightcap Group Ltd	FCA (United Kingdom)	FRN 921296	United Kingdom
Eightcap EU Ltd	CySEC (Cyprus)	246/14	EU/EEA
Eightcap Global Limited	SCB (Securities Commission of The Bahamas)	SIA-F220	International/rest of world
Eightcap International Ltd	FSA (Seychelles)	SD100 (company reg 8427413-1)	International — operates the main eightcap.com website
Eightcap International Trading	FSC (Mauritius)	GB25204603	International

Accounts & pricing

Account	Pricing model	Commission (round turn)	Typical EUR/USD spread	Min. deposit
Standard	Spread-only, commission-free	0	1.0	USD 100 (base currencies AUD, CAD, EUR, GBP, NZD, SGD, USD)
Raw	Raw spread + commission	7.0	Not stated	USD 100 (base currencies AUD, CAD, EUR, GBP, NZD, SGD, USD)

Professional client account

Elective-professional status is only for traders who already meet strict eligibility tests. It removes retail protections — read what you would give up before considering it.

Offered: True
Eligibility: UK/EU elective professional ('Eightcap Pro' on eightcap.eu): must meet 2 of 3 MiFID-style tests — (1) average 10 significantly-sized leveraged-product trades per quarter over the previous 4 quarters; (2) financial-instrument portfolio (incl. cash deposits) exceeding EUR 500,000; (3) at least 1 year working in the financial sector in a professional position requiring knowledge of CFDs/forex. Australia: wholesale-client reclassification under Corporations Act tests
Max leverage (pro): Up to 1:500 (same ceiling as the offshore SCB entity)
Protections lost: Leverage caps removed; negative balance protection lost (UK FCA FAQ: 'Professional Clients can lose more than the funds they deposit'); EU: Investor Compensation Fund rights lost; UK: may lose access to the Financial Ombudsman Service; AU wholesale: no ASIC PIO protections at all (no leverage caps, no margin close-out protection, no negative balance protection). Status is reversible on written request (Eightcap EU)
Regional notes: Professional/wholesale status is per-entity: Eightcap EU (CySEC) markets 'Eightcap Pro'; Eightcap Group Ltd (FCA) offers elective-professional categorisation; Eightcap Pty Ltd (ASIC) offers wholesale-client status. Clients of the Bahamas/Seychelles entities get up to 1:500 without any professional classification (and without EU/UK-style statutory protections)

Costs

Deposit fees: None charged by Eightcap ('no internal fees'); third-party/bank/crypto-network fees may apply. Card/PayPal/Skrill/Neteller/crypto deposits instant; wire 1-5 business days
Withdrawal fees: None — client agreement clause 7.2(e): 'Eightcap does not charge any fees on a withdrawal', but bank/intermediary fees may apply; minimum withdrawal USD 50 for wire/Skrill/Neteller/crypto
Inactivity fee: 10 units of base currency per month (Eightcap International Client Agreement v2.1, clause 8.2), charged after ALL accounts are 'Inactive' (no client-initiated activity for 12 months); equity is first moved to a 'Holding Account'; balances under 20 units may be absorbed entirely. Note: several 2025-2026 review sites still state 'no inactivity fee' and ForexBrokers.com states 10 units after 3+ months — the 12-month/10-unit terms are what the current legal doc says for the international entity; other entities' agreements may differ
Currency conversion: No published fixed rate. Client agreement clause 10.11: non-base-currency charges are auto-converted to the account base currency and conversion costs are borne solely by the client
Swap-free available: True
Swap notes: Swap-free accounts 'available to some clients' at Eightcap's discretion and subject to an ongoing administrative fee (client agreement clause 10.4); some regional reviews report Islamic accounts as unavailable — apply via support. Standard overnight swaps apply otherwise. ALSO: an 'Extended Hold Admin Fee' accrues from day 14 and is charged on day 21 and every 7 days thereafter for positions held 21+ days (international entity, clause 10.6; amount not published in the agreement)

Platforms & execution

MetaTrader 4: True
MetaTrader 5: True
cTrader: False
TradingView: True
Proprietary: None in-house; also offers TradeLocker (third-party) and MetaTrader WebTrader (webtrader.eightcap.com)

Execution model: Marketed as no-dealing-desk/STP-style with pricing aggregated from tier-1 liquidity providers; legally acts as principal/counterparty and the client agreement discloses Eightcap may hedge its exposure with liquidity providers — i.e. market-maker structure with NDD-style pricing
Max leverage (by region): Retail: 1:30 FX majors under ASIC (AU), FCA (UK), CySEC (EU) — crypto CFDs capped at 2:1 for AU retail under ASIC rules. International clients (SCB Bahamas / Seychelles entities): up to 1:500 on FX and gold. Elective professionals/wholesale: up to 1:500
VPS: Free third-party VPS (via ForexVPS partner offer) with USD 1,000+ deposit and 5+ lots traded per month; otherwise paid
Copy trading: Conflicting: ForexBrokers.com (Jun 2026) reports no copy trading and MetaTrader Signals disabled; some 2026 reviews still describe copy-trading functionality. No copy-trading product verified on eightcap.com — treat as not offered

Instruments

Forex: Yes — 40+ FX pairs (part of 800+ CFD instruments; ForexBrokers.com counted 803 symbols, Jun 2026)
CFDs: Yes — 800+ CFDs: indices, commodities, shares (US/AU/UK/EU), crypto
Crypto CFDs: Yes — ~100 crypto CFDs currently per ForexBrokers.com (Jun 2026); up to 250+ historically advertised; availability depends on entity/region
Crypto for retail (no pro status): AU: yes (ASIC product-intervention retail leverage cap 2:1 on crypto CFDs). UK: NO — FCA ban on crypto derivatives for retail clients remains in force in 2026 (Oct 2025 crypto-ETN liberalisation does not cover CFDs); professionals only. EU: reported NOT offered to retail by Eightcap EU (professional clients only, per ForexBrokers.com Jun 2026 — could not be confirmed on eightcap.eu which blocks fetching). International (SCB/Seychelles): yes

Consumer protection

Negative balance protection: Yes for retail clients of ASIC, FCA and CySEC entities (regulatory requirement). The international (Seychelles) client agreement (v2.1, effective Mar 2026) also grants contractual negative balance protection with account aggregation offsets. LOST for UK/EU elective-professional and AU wholesale clients
Client fund segregation: Yes — client money held in segregated client bank accounts per the client agreement (clause 7); may be co-mingled with other clients' money and Eightcap retains interest earned
Compensation scheme: UK (FCA entity): FSCS up to GBP 85,000. EU (CySEC entity): Investor Compensation Fund up to EUR 20,000. Australia (ASIC) and Bahamas/Seychelles/Mauritius entities: no statutory compensation scheme
Stated retail loss %: 59.57

Reputation

Trustpilot: 4.1 (Trustpilot)

Noted issues

Feb 2024: Eightcap terminated brokerage services to ALL prop-trading firms at ~2 weeks notice (effective 29 Feb 2024), after MetaQuotes pressure over unlicensed US-based traders accessing MT4/MT5; several prop firms (e.g. Funds for Traders) shut down as a direct result (FX News Group / Finance Magnates)
2022: FinTelegram alleged Eightcap's CySEC entity redirected EU clients to its offshore Bahamas entity via eightcap.com to offer conditions above EU retail limits — allegation only, no regulator enforcement found
Main global site (eightcap.com) is operated by the Seychelles entity and shows only a generic 'majority of retail investor accounts lose money' warning without a percentage; the UK/EU-entity sites carry the numeric disclosure

Sources

Every figure above is drawn from these sources, retrieved as of the dates shown.

Data notes: NULLS AND CAVEATS: (1) parent_company: no verified holding company found — Eightcap is a privately held Australian-founded group; left null rather than guess. (2) Raw account typical EURUSD spread: broker advertises 'from 0.0 pips' but no independently measured 2026 AVERAGE was found on a primary source, so null; reviews informally cite ~0.1 pips. Standard = 1.0 pip is both the broker's advertised floor and ForexBrokers.com's measured average (Jun 2026). (3) Raw commission round turn: $7.00 for USD-base accounts (primary source, $3.50/side); GBP accounts £4.50 and EUR accounts €5.50 round turn — the USD figure is exact per the broker's own page. (4) professional pricing_or_rebate_difference_vs_retail: null — no published spread/commission discount or rebate for professionals; ForexBrokers notes only a dedicated account specialist and exclusive events/content. (5) fscs_treatment for professionals: null — Eightcap's UK FAQ confirms reduced FCA protections and possible loss of Ombudsman access but does not state FSCS eligibility for elective professionals; FSCS coverage depends on eligible-claimant tests, unverified for Eightcap specifically. (6) inactivity fee: CONFLICT — current international client agreement says 10 units/month after 12 months inactive; ForexBrokers.com says 10 units after 3 months; several review sites say none. The legal agreement is authoritative for the Seychelles entity; UK/EU/AU entity agreements were not separately verified. (7) retail_loss_disclosure_pct 59.57: taken from two 2026 secondary sources quoting the UK/EU entity risk warning ('with this provider'); direct verification blocked (eightcap.eu returns 403; eightcap.com global site shows no percentage). Historic figures ranged 76.09%-83.36%. (8) platforms.api: null — no public REST/FIX trading API found; algo trading is via MT4/MT5 EAs and TradingView. (9) EU retail crypto availability rests on ForexBrokers.com (Jun 2026) only — could not confirm on eightcap.eu. (10) Trustpilot 4.1 via multiple search corroborations (mid-2026); direct page fetch returned 403. (11) No regulatory fines/enforcement by ASIC/FCA/CySEC/SCB found in 2024-2026 searches; the prop-firm cutoff and the 2022 FinTelegram allegation are listed as notable issues, not enforcement. (12) Restricted-country list is from TradersUnion and appears entity-specific (oddities like Japan/NZ/Cyprus reflect which entity serves whom); only the US exclusion is certain. (13) FCA/CySEC register pages are JS-rendered and did not load via fetch; entity names/numbers corroborated by the broker's own about page plus multiple secondary sources.

Cost figures reflect each broker's published specifications as of 11 July 2026 and can change; always check the broker's current terms. Most retail investor accounts lose money trading CFDs. PipTax compares costs and is not investment advice. How we research this.

Eightcap — costs, regulation & account details