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Eightcap Review – What You Should Know About the Broker

Eightcap is a broker that was founded in 2009 in Melbourne, Australia. Today, it has five offices around the world and is regulated in multiple locations. The company is based in Melbourne, but it provides trading services worldwide. The brokerage has offices in Hong Kong, London, Sydney, and Singapore. Here are some of the things you should know about Eightcap. This can help you make informed decisions when choosing a broker. The company is a highly-recommended broker.

Newcomers should research the fees before deciding to sign up

Eightcap has two types of accounts. You can open a Standard or Raw account. The minimum deposit is $100. The spreads start at 0 pips. The maximum trade size is 0.01 standard contract. As with all other brokerages, Eightcap is not for everyone. For those who are new to trading, they should research the fees before deciding to sign up. In addition to low spreads, they charge a commission per trade, which is about $3.50. You can choose to use MT4 or MT5, although MT4 is more advanced and offers more features. The MT5 platform allows you to trade more assets, such as stocks and commodities. However, it has fewer in-built indicators. The good news is that you can install other indicators manually.

Remarks

The minimum deposit amount at Eightcap is $100. There is no margin call fee, but you should read the fine print to ensure you’re not being charged a higher fee. There is no minimum trade size, but there are a few things to keep in mind. The minimum deposit amount is also quite high, which means that it isn’t suitable for all investors. You can read more about trading and investing at Eightcap’s website.

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