Eightcap is a forex & CFD broker that was founded in Melbourne, Australia in 2009 and that is currently based in the Bahamas. It is regulated by the ASIC (Australian Securities & Investments Commission) and by the SCB (Securities Commission of The Bahamas).
As Eightcap is present offshore, traders who open an account in the Bahamas jurisdiction have access to more generous leverage (500:1 leverage). Traders who trade with Eightcap in the Australian jurisdiction have access to the standard level of leverage (30:1) offered by competing companies.
Whether you deposit funds in the Australian or the Bahamas entity, your funds are protected either way - Eightcap uses segregated accounts that are separate from company assets, so there is zero financial risk.
As proof that Eightcap is a solid, competitive broker, they've won several awards in recent years: Best MT4 Trading Experience (Asia), Best Crypto Broker, Most Cryptos, Best Customer Service Broker Global (Global Brands Magazine), etc.
Among the other benefits that Eightcap traders can expect:
very low spreads,
many different deposit & withdrawl options,
industry-leading trading platforms (including the browser-based WebTrader),
compatibility with TradingView, a popular third-party charting platform (MT5 only),
access to hundreds of assets,
free access to Eightcap's Trade Zone, which offers the latest financial market insights from renowned forex, futures and crypto experts,
access to Capitalise.ai, a third-party platform that easily codes your trading strategies to automate your trades, without the need for any programming skills.
Eightcap offers 2 account types:
Standard: spreads from 1 pip and no commissions. EAs allowed. Account base currencies: GBP, USD, EUR, AUD, CAD, NZD, SGD.
Raw: spreads from 0.0 pips and $3.50 commissions. EAs allowed. Account base currencies: GBP, USD, EUR, AUD, CAD, NZD, SGD.
Please note: Hedging is available for SCB traders, but not for ASIC traders.
As Eightcap seeks to provide the best trading experience possible, they offer the award-winning MetaTrader 4 and MetaTrader 5 platforms. They are free to download in desktop (Wndows), mobile (Android phones/tablets) and iOS (mac) formats.
To find out which of the MT4 or MT5 platforms is more best for you, compare their features below:
As you can see from the above comparison, if you use the MT5 platform, you can also access it via WebTrader, which allows you to trade using any browser, on your preferred device (Windows, MacOS or Linux), without the need to download any software. This is one of the key differences between MT4 and MT5.