Eightcap Trading Platform Review

Founded in 2009 in Melbourne, Eightcap is a globally recognised CFD broker committed to innovation, integrity, and excellence in customer care. In the United Kingdom, Eightcap operates under the Financial Conduct Authority (FCA), licence 921296.

Eightcap Contact Information

UK clients have negative balance protection and Financial Services Compensation Scheme (FSCS) cover up to £85,000 in the event of insolvency. Eightcap’s UK entity, Eightcap Group Ltd (reg. 12448314), registered at 40 Gracechurch Street, London, EC3V 0BT.

With Eightcap, UK traders can access over 700 tradable instruments across forex, commodities, indices, and shares. The broker offers flexible trading opportunities for both beginners and experienced traders, with several account types available, including a Demo Account, TradingView Account, and Eightcap Pro Account.

Highlights of Eightcap

• Robust licencing: Multiple tier-1licences, including the UK Financial Conduct Authority.
• TradingView integration: UK accounts connect natively to TradingView.
• 700+ Tradable Instruments: Instruments across forex, commodities, indices, and shares.
• Eightcap Labs: Education hub with guides, e-books, insights, and webinars.
• Fast and Helpful Customer Support: Available through email ([email protected]), phone (+44 333 1503 027), and live chat (24/5).

Advantages and Disadvantages of Eightcap

Available Markets at Eightcap

Eightcap provides UK traders with access to over 700 instruments across various markets, including forex, commodities, indices, and shares, all traded as Contracts for Difference (CFDs). Offering 55 forex pairs, 17 major global indices, 14 commodities, and more than 600 share CFDs, the platform meets a broad range of trading preferences. This variety makes Eightcap suitable for both new traders seeking straightforward options and experienced traders looking for advanced and diverse market opportunities.

Forex

Eightcap offers UK traders access to 55 forex trading pairs, covering major, minor, and exotic currencies. Trading via Eightcap’s TradingView account provides competitive spreads starting from 1.0 pip, a minimum contract size of 0.01 lot, and a maximum contract size of 40 lots. Forex leverage for UK retail traders is capped at 1:30.

• Popular major pairs include EUR/USD, GBP/USD, and USD/JPY. Minor pairs feature crosses like EUR/GBP, EUR/CHF, GBP/JPY, NZD/USD, and exotic pairs involve emerging market currencies such as EUR/TRY, USD/ZAR, and USD/PLN.
• Forex spreads from 1.0 pip; no commissions, offering a cost-effective trading experience well-suited to UK traders. Swap charges also apply for positions held overnight but vary by instrument.
• Eightcap’s FCA-regulated UK entity uses a no-dealing desk model, which executes trades directly through third-party liquidity providers without internal intervention. This model ensures orders are executed quickly and transparently, with minimal slippage, even during high volatility.
• Eightcap fully integrates with TradingView for seamless use by UK clients.
• For UK retail clients, leverage is capped in compliance with FCA rules, up to 1:30 for major forex pairs. Professional clients can access higher leverage limits, up to 1:200.

Average Forex Spread at Eightcap

Commodities

Eightcap offers 14 commodity CFDs, covering both metals and energy instruments. Traders can access gold (XAU/USD) with spreads from 1.2 points, commission-free. UK traders benefit from tight spreads, flexible leverage, and the ability to speculate on price movements without owning the physical assets, which is well-suited for short-term trading strategies.

• Eightcap’s list of commodities includes XAU/USD (Gold), XAG/USD (Silver), Brent Crude Oil (UKOUSD), Spot WTI Crude Oil (USOUSD), and a mix of other precious metal and energy CFDs, totaling 14 instruments.
• Traders speculate on price movement only, with no obligation or option for physical possession.
• The maximum retail leverage is up to 1:10 for commodities and 1:20 for Gold under the FCA jurisdiction. As for professional traders, the ratios go as high as 1:100 for commodities and 1:200 for gold.
• Trade sizes for XAU/USD (Gold) and WTI/Brent are in the range from 0.01 lots to up to 50 lots, except for precious metals, where contract size may reach 100 lots on some instruments.
• Eightcap’s FCA entity offers seamless integration with TradingView, enabling chart-based trade execution, custom indicators, and social sharing.

Indices

Eightcap offers trading on 17 different global indices, all traded as CFDs (Contracts for Difference), allowing UK traders to speculate on price movements without owning the underlying assets. Some of the supported indices include AUS200, HK50, US30, FRA40, GER30, UK100, JPN225, SPX500, VIX, US2000, USDX, SWI20, CAN60, and NTH25.

• Eightcap supports 17 indices such as UK100, ASX200, SPX500, and more.
• No commissions are charged on index CFD trading.
• Contract sizes range from 0.01 to 40 lots.
• Retail leverage: Major indices 1:20; non-major 1:10.
• Pro leverage: Major equity indices 1:200, non-major 1:100.
• All index CFDs are available through the TradingView platform.

Shares

Eightcap provides UK traders with exclusive access to over 600 shares from Australian, US, UK, and European companies via CFDs on the TradingView platform. Known for its direct market access model, Eightcap combines advanced execution with competitive commission fees tailored for different regional shares. UK traders benefit from a maximum leverage of 1:5, making it a regulated and accessible choice for those trading CFDs in equity markets.

• Commissions of 0.1% round-trip for AU/UK/EU share CFDs; US shares £2.25 per side (£4.50 per round-trip).
• Eightcap charges commissions on both the TradingView account and the Eightcap Pro account, ensuring transparent pricing.
• Traders can execute positions from as small as 0.01 lots to as large as 100 lots, accommodating both small-scale and large-volume traders.
• Eightcap operates under robust regulatory oversight, including the UK’s FCA, providing confidence and security for investors in the region. Leverage up to 1:5 on share CFDs for retail and professional accounts.
• Eightcap’s overnight rates for long and short share CFD positions are detailed on their website and can fluctuate based on market interest rates and the specific shares traded. UK traders should regularly check these updated fees, as they apply after 10 pm UK time and are charged to cover the borrowing costs of maintaining leveraged positions overnight.

Trading Costs at Eightcap

Eightcap’s fee structure is designed to be transparent and competitive, catering specifically to UK retail traders with a single account type. Spreads on major instruments are competitive, as are commissions, primarily on share CFDs, such as 0.1% per round-trip for UK, Australian, and European shares and fixed fees for US shares. Overnight fees apply as swap rates on leveraged positions, reflecting the cost of financing positions held overnight. Importantly, Eightcap does not charge account maintenance and deposit fees, though withdrawal costs can occur depending on payment methods. This clear fee model ensures UK traders understand all costs upfront, supporting both occasional and active trading styles.

Spreads

Eightcap offers UK retail traders a single account type, the TradingView Account, with competitive spreads applied across forex, commodities, and indices. The broker charges commissions only on share CFDs, keeping trading costs straightforward for most instruments. For example, minimum spreads of around 1 pip for the GBP/USD pair and other majors. These spreads reflect competitive market conditions for retail traders seeking cost-effective access to popular markets.

This fee structure means UK clients benefit from transparent, spread-only costs on major asset classes like forex, commodities, and indices, while commissions are reserved for share CFD trading, making Eightcap’s pricing clear and tailored to different instruments.

Commissions

Eightcap offers UK traders access to over 600 shares from Australian, US, UK, and European companies via CFDs on the TradingView platform, using a DMA model for efficient execution. Commissions are set at 0.1% per round-trip for Australian, UK, and European share CFDs, while US shares incur a flat fee of £2.25 per side (£4.50 round-trip). These commissions apply to both TradingView and Eightcap Pro accounts, ensuring pricing transparency. Traders can open positions ranging from 0.01 to 100 lots, accommodating both small and large trading volumes. In line with FCA’s guidelines, Eightcap caps leverage at 1:5 for retail and professional traders, providing a secure and accessible trading environment.

Overnight Fees

Overnight fees (swap rates) apply when clients hold a leveraged CFD position open past the daily cut-off (typically after 10:00 pm UK time). These fees are designed to reflect the cost or credit of borrowing funds to maintain your position overnight, and they differ depending on whether your position is long (buy) or short (sell). The exact fee varies for each instrument and is influenced by factors like prevailing interest rates, market liquidity, and whether the position is held long or short, meaning you may pay or receive a different amount based on your trade direction.

Eightcap publishes overnight swap rates for each share and instrument, and these rates are visible within the trading platform.

• For share CFDs, the overnight fee formula is:
  Swap charge = Lots (volume) × Contract Size × Current Share Price × ((Swap Rate / 100) / 365)
• For forex pairs, the formula is:

  Swap charge = Swap Rate × Lots (volume) × Number of Nights held

Traders can view the current swap rates in the platform and on the website. However, it’s important to note that these rates are indicative and may change daily. Below are examples of Eightcap’s swap rates on several popular currency pairs:

Non-Trading Fees

In addition to trading fees, non-trading fees apply and UK traders should take them into consideration. A £10 monthly inactivity fee applies after three consecutive months with no trading activity. However, this fee is not applied if the client has more than one account and at least one of those accounts is active. Traders are advised to contact customer support to reactivate any inactive accounts.

Deposits, including via Visa, Mastercard, and bank transfers, are free of charge on Eightcap’s platform. Withdrawals via bank cards do not entail fees either. Bank transfer cash-out requests have a minimum amount requirement of £30 and entail a fee of £8 per request. Traders should note that currency conversion fees may apply if deposits or withdrawals involve currencies different from their account base currency.

Trading Platforms Supported by Eightcap

Eightcap supports TradingView only for UK traders. Used by 100 million traders, this platform is renowned for its award-winning charting capabilities and user-friendly interface, making it ideal for both novice and experienced traders. Through TradingView, UK clients get seamless access to over 700 CFDs across shares, forex, commodities, and indices.

Key features of the TradingView platform with Eightcap include:

• Advanced charting tools, 100+ technical indicators, and smart drawing tools.
• Real-time market data and customisable watchlists.
• Integrated social trading and idea-sharing community.
• Smooth order execution with DMA.
• Compatibility across desktop and mobile devices.

Mobile Trading at Eightcap

Eightcap offers UK traders seamless mobile trading through the popular TradingView app, available on both iOS and Android devices. This integration enables traders to access their live Eightcap accounts and execute trades directly in TradingView’s award-winning platform. The mobile app delivers the full functionality of TradingView on the go, making it easy to monitor markets, analyse price movements, and react swiftly to market volatility wherever you are.

Key features of Eightcap’s mobile trading via TradingView include:

• Access to over 700 CFDs across multiple asset classes, including shares, forex, commodities, and indices
• Advanced charting with 15+ chart types and over 100 technical indicators
• Synchronised watchlists and real-time market data for efficient monitoring
• Customisable alerts to stay informed of key price levels and news
• User-friendly trading interface that supports order execution and position management

This mobile experience ensures that UK traders maintain full control of their strategies, whether at home or on the move, benefiting from Eightcap’s robust platform technology combined with TradingView’s renowned social and analytical tools. Regular updates and continuous improvements make it a top choice for mobile CFD trading.

Account Types Available at Eightcap

Eightcap offers UK retail traders a single primary account type called the TradingView Account, positioning it as a dedicated TradingView broker in the UK. This account gives traders seamless access to over 700 instruments with competitive spreads starting from 1.0 pip and commissions applied only on share CFDs. The integration with TradingView provides advanced charting, real-time data, and direct market access, making it ideal for traders at all experience levels.

For experienced traders who meet specific criteria, Eightcap offers the Pro Account, which includes higher leverage options, dedicated account specialists, and exclusive trading insights.

Additionally, a Demo Account is available for beginners or those willing to test new strategies risk-free. This comprehensive account lineup ensures traders can choose the option that best suits their skills and trading goals.

TradingView Account

Connecting your Eightcap account with TradingView is straightforward and can be completed in three simple steps:

1. Complete the Eightcap application process to create your trading account.
2. Open a chart on TradingView and click on the “Trading Panel” tab located at the bottom of the screen.
3. Select “Eightcap” from the list of brokers, then enter your Eightcap login details as provided in your welcome email and follow the on-screen instructions to connect your account. Оnce connected, trade directly from TradingView’s charts with access to 700+ instruments

• Available instruments: 700+ CFDs across shares, forex, commodities, and indices.
• Spreads start from 1.0 pips for major forex pairs.
• Commissions apply only to share CFDs, starting from 0.1% depending on the exchange.
• Minimum deposit: £100.
• Minimum/maximum trade size: 0.01 lots / 100 lots.
• Expert Advisors (EAs) are supported.
• Margin Call Level: 80%.
• Stop Out Level: 50%.
• Account base currencies: GBP, EUR, USD.
• Both scalping and hedging are allowed.

Eightcap Pro Account

The Eightcap Pro account is designed for experienced traders who meet specific eligibility criteria, primarily reflecting their knowledge and activity in the financial markets. To qualify, you must answer “yes” to at least two of the following: having at least one year of professional experience in the financial sector with exposure to derivatives trading; trading significant volumes of leveraged derivatives recently (equity trades of £10,000 or more, or £50,000 for other instruments); or possessing a financial portfolio exceeding EUR 500,000. This account provides higher leverage limits, with up to 1:200 for forex and gold, 1:100 for commodities, 1:200 for indices, and 1:5 for shares.

Key features and considerations for Pro clients:

• Access to dedicated account managers providing priority support.
• Exclusive invitations to premium events, insights, and trading content.
• Fewer FCA protections compared to retail clients.
• Higher leverage caps increase the risk of rapid losses.
• Limited or no access to the Financial Ombudsman Service.
• Reduced coverage under the Financial Services Compensation Scheme.
• No negative balance protection; clients may lose more than deposited funds.

Demo Account

The Eightcap Demo Account provides UK traders with a risk-free environment to practice trading and test strategies without any financial commitment. This account mirrors the live TradingView Account, offering access to over 700 instruments across shares, forex, commodities, and indices, allowing users to experience real-time market conditions and platform features. Ideal for beginners or traders willing to refine their skills, the Demo Account enables users to build confidence with virtual funds before moving to live trading. The Eightcap Demo Account is active for 30 days from the date of registration or when traders reach 5,000 virtual trades.

• Eightcap offers a demo account for TradingView
• Account expires within 30 days or when traders reach 5,000 virtual trades.
• A secure trading environment without risk of losing funds
• Real trading conditions

Customer Support at Eightcap

For UK traders, Eightcap’s customer support is available through three convenient communication channels. You can reach their support team via email at [email protected] for detailed inquiries or non-urgent matters. For more immediate assistance, phone support is available at +44 333 1503 027, allowing direct contact with a customer service representative. Additionally, Eightcap offers a 24/5 live chat service, giving you quick responses during the trading week.

Alongside these direct support options, Eightcap provides a comprehensive FAQ section on its website. This resource contains answers to the most common questions related to trading accounts, platform usage, and other services, helping users find quick solutions independently. These multiple support channels ensure UK clients have reliable access to help and information whenever needed during market hours. Eightcap’s approach aims to give traders confidence and convenience in managing their trading experience.

Regulatory Background and Compliance

Eightcap demonstrates a strong commitment to regulatory compliance and client protection by operating under multiple regulators across key regions. The parent company was established in 2009 in Australia, and its UK operations are conducted under Eightcap Group Ltd, registered at 40 Gracechurch Street, London, with FCA reference number 921296.

Beyond the UK, Eightcap sustains its international reputation with regulatory licenses from the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Securities and Commodities Authority (SCA) of the UAE. Collectively, these layers of oversight foster a secure trading environment and reflect Eightcap’s dedication to upholding rigorous regulatory standards for its global clientele.

Client Security at Eightcap

Eightcap’s FCA authorisation mandates strict standards, ensuring client funds are kept in segregated accounts, separate from company capital. UK traders benefit from participation in the Financial Services Compensation Scheme (FSCS), offering protection of deposits up to £85,000 if the broker defaults. Additionally, negative balance protection is enforced, so retail clients cannot lose more than their account deposits even during volatile market movements.

UK retail customers trading with Eightcap, as with all FCA-authorised brokers, can leverage their trades only up to specific limits set by the FCA as part of comprehensive client protection mechanisms. These leverage caps are designed to reduce the risk of substantial losses from highly leveraged trading. They aim to protect retail traders from excessive exposure while still allowing them to benefit from the potential advantages of leverage.

Below is a breakdown of the retail leverage limits applied by Eightcap under FCA regulation:

What UK Traders Say about Eightcap?

UK traders generally have a positive view of Eightcap, reflected by a strong Trustpilot score of 4.2/5 stars, based on 3,100+ reviews. Approximately 72% of reviewers award Eightcap five stars, praising the broker’s customer service, quick withdrawals, as well as tight spreads. Many users appreciate the responsive, helpful support teams accessible through various channels, contributing to a stress-free trading experience. The platform’s stability and the personal touch in customer communication are often mentioned positively.

However, around 11% of users give one-star ratings, mostly expressing frustration with difficulties in opening accounts. Some report delays or issues during account verification or demo account creation. Despite this, the overall sentiment remains favourable, particularly for those valuing competitive pricing, reliable execution, and attentive customer care in their trading journey.