My Eightcap Review (April 2025)

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Founded in 2009, Eightcap is a broker specializing in Forex and CFD trading, giving South African traders access to over 800 financial instruments. Regulated by several reputable authorities, including CySEC, ASIC in Australia, and the FCA in the United Kingdom, it has established itself as a competitive platform for traders looking for tight spreads and fast execution.

I spent several months testing Eightcap in detail, analysing its tools, fees, and overall user experience to answer the following questions: Is Eightcap reliable? What are its advantages and disadvantages? Is it suitable for beginner or experienced traders? How does it compare to other regulated Forex and CFD brokers?

To gain a clear and objective view, I examined every aspect of the broker: registration process, trading conditions, variety of available assets, quality of platforms and analysis tools, as well as the efficiency of customer service.

Here is my complete review of Eightcap, based on my experience and in comparison with other brokers that I have tested.

What to think of Eightcap?

My general opinion on Eightcap

After several weeks of testing, I can say that Eightcap has really left me with a good impression. If you are an active trader like me, looking for a smooth and well-structured trading environment, you will find it suits you.

What immediately appealed to me were the very competitive spreads, especially on the Raw account. Order execution is fast, which is essential for scalping or intraday trading.

En termes de réglementation, c'est du solide : ASIC, FCA, CySEC. Même s'il n'est pas enregistré auprès de l'organisme de réglementation financière sud-africain, il reste parfaitement accessible en Afrique du Sud grâce à ses agréments. Les fonds sont bien sécurisés, et il y a une protection contre le solde négatif pour les clients particuliers.

I have personally used the connection to TradingView a lot, which allows trading directly from the charts. I have also tested MT5, which is very complete. The little extra: FlashTrader, a well-designed tool to automate the placement of stops and targets as soon as a trade is opened.

The offering remains 100% CFD, so no spot purchases or ETFs. That said, there's plenty of diversity: Forex, indices, international stocks, commodities, cryptos... and all that with transparent fees. No fees on withdrawals or deposits, just an inactivity fee of R160 after three months without activity.

Finally, the customer support has always been responsive in my case, whether by chat or email. And the reviews on Trustpilot (4.2/5) confirm this good general impression.

Which trader profiles is Eightcap suitable for?

In my opinion, Eightcap is particularly suitable for:

=> Active and experienced traders, who are looking for very competitive spreads, fast order execution and advanced tools to refine their strategy. The Raw account, with tight spreads, is ideal for day traders and swing traders wishing to minimise their transaction costs.

=> For traders specializing in Forex and CFDs, with over 800 instruments available, including 45+ currency pairs, major indices, international CFD stocks, commodities, and over 100 cryptocurrencies. Leverage can go up to 1:500 for professionals or non-EU clients, both professional and individual, offering real flexibility in volatile markets.

=> For technical traders, thanks to access to MetaTrader 5, TradingView and MetaTrader 4 (on request). The broker also offers tools such as FlashTrader for automated order management.

On the other hand, Eightcap is less suitable for long-term investors, as it does not allow the purchase of shares or ETFs on the spot, only trading via CFDs. 

Eightcap main features:

My opinion on the security and reliability of the broker Eightcap

As a trader, the first thing I check with a broker is the solidity of its regulation and the security of funds. On these points, Eightcap clearly inspired confidence in me. The regulators are serious, client funds are well segregated, and risk management tools are up to par. Here's what I take away from it:

My view on the fees, spreads and commissions applied to Eightcap

What I immediately appreciated about Eightcap are the clear and competitive trading conditions, especially when you trade regularly. I tested the two types of accounts available, and each has its advantages depending on your style.

• The Standard account is perfect for getting started: no commission, just an integrated spread, generally around 1.0 pip on EUR/USD. It's simple, no surprises.
• The Raw account is what I use most often. It offers particularly low spreads. For scalping or intraday trading, it's clearly the most profitable option in my opinion.

Let's now look in detail at the broker's fee schedule.

What are the account fees?

When testing Eightcap, I found the fee structure particularly advantageous, especially compared to other CFD brokers. There are no hidden fees on account management or withdrawals, which is a real plus on a daily basis. The only thing to note is the presence of an inactivity fee of R170 per month if you do not trade for 3 consecutive months. But honestly, this is not a problem if you are minimally active.

The minimum deposit of R1600 remains very accessible and much lower than competitors such as FXCM or Pepperstone, which often require R3200 or more. Above all, Eightcap accepts several base currencies, which avoids unnecessary conversion fees if you fund your account in the correct currency.

Trader tip: Choose the Raw account if you trade often

Personally, I highly recommend the Raw account if you open several positions per week. With spreads from 0.0 pips and a commission of R126 per lot round trip, it's often more profitable than the Standard account. For example, on 10 lots of EUR/USD, the Raw account costs you R630 in commission against approximately R900 of spread on the Standard. In the long term, it makes a real difference.
(The trading fees mentioned are based on my tests and may vary.)

What are the fees on stocks and ETFs?

As you will quickly see, Eightcap does not allow you to buy shares or ETFs directly. The entire offering is only through CFDs, which means you are speculating on price movements without ever actually owning the underlying asset. This model may suit short-term traders, but not long-term investors or those looking to receive dividends.

If you're looking to invest in real shares or physical ETFs, brokers like eToro, Trade Republic or DEGIRO will be much more suitable. They allow cash purchases with custody fees that are often reduced, or even non-existent in some cases.

Here is a comparison of the fees associated with stocks and ETFs at Eightcap:

What are the fees on cryptocurrencies?

Eightcap exclusively offers CFDs on cryptocurrencies, so there is no actual purchase of cryptos or holding in a wallet.

Here is a summary of crypto fees at Eightcap:

What I appreciated was the diversity of the offering (more than 100 cryptocurrencies available), and rather competitive spreads on major pairs like BTC/USD. On the Raw account, fees are reduced to the maximum, with raw spreads from 0.0% on certain cryptos, depending on market liquidity.

✅ Good to know

If you want to trade crypto volatility without having to manage wallets, Eightcap is a good choice. However, to actually buy Bitcoin or Ethereum and hold them for the long term, consider platforms like Binance, Kraken or Coinbase instead.

What are the CFD fees?

I found the spreads to be extremely competitive. On indices and commodities, spreads remain very tight, and even stock CFDs are well-positioned, with clear fees per share or as a percentage depending on the region.

This is clearly an interesting broker for day trading or scalping, with a good cost/flexibility ratio. Overnight fees are there, as everywhere in CFD, so it is better to avoid leaving positions open for too long if you are looking to optimize your fees.

My opinion on the assets & markets available on Eightcap

Eightcap propose une offre bien construite pour le trading en CFD, avec une bonne diversité sur les actions, les matières premières, le Forex et surtout les cryptos, où le broker se démarque avec plus de 100 actifs disponibles. En revanche, pas d’accès aux obligations ni à l’achat réel d’actions ou d’ETF, ce qui peut être un frein si vous cherchez à investir sur le long terme. 

Personally, as an active trader, I found the essentials: competitive spreads, a good choice of underlying assets, and accessible markets with leverage, all on a fluid platform.

My opinion on the platform

As a trader, I found the experience at Eightcap to be really solid, especially with direct access to TradingView and MT5. Everything is there to build a technical or automated approach, even without coding.

Order execution is smooth, and the charting tools are more than sufficient for refining one's analyses. The lack of a proprietary platform didn't bother me; on the contrary, I was able to use tools I already master. However, I wouldn't recommend MetaTrader to pure beginners, as the interface requires a bit of getting used to.

Trader Tip:

Test each platform in demo mode. You have up to 35 days with a configurable virtual capital to get your bearings on TradingView or MT5, adjust your stops, and even test automated strategies risk-free before going live.

Client Reviews: What Users Think of Eightcap

On Trustpilot, Eightcap displays a rating of 4.2/5 based on over 2,900 reviews, an overall positive score that reflects good customer satisfaction, especially among active traders. After reviewing recent comments, here's what comes up most often.

What users appreciate:

• Simple account opening
• Responsive customer service, especially via chat
• Fast deposits and withdrawals
• Powerful platforms (MT5 and TradingView)
• Competitive spreads for Forex and indices
• Good assistance when opening your first account

Weaknesses mentioned:

• Quelques difficultés techniques lors de la connexion à MT5
• Pas d’appel de bienvenue ou de suivi pour certains comptes
• Interface MetaTrader peu intuitive pour les débutants
• Délai ou complexité sur certains remboursements
• Spreads crypto jugés élevés par certains utilisateurs

Examples of Trustpilot reviews:

“So far, nothing surpasses Eightcap. Responsive support, perfect spreads, no surprise fees and, above all, impeccable withdrawals.” – Bouillot, 15 January 2025

“I just discovered this platform. I was pleasantly surprised to be called to be helped when opening my first account.” – Stéphane M., 3 March 2025

Account opening, deposits and withdrawals on Eightcap

Account opening

Opening an account with Eightcap is simple, fast, and done entirely online. I tested the procedure, and everything went smoothly: in less than 24 hours, my account was validated. Here are the steps to follow:

• Complete the online registration form: personal information, choice of account type (Standard or Raw), base currency, desired platform.
• Answer the regulatory questionnaire: a few questions about your trading experience and your knowledge of CFD products.
• Upload the required supporting documents: a valid identity document (national identity card or passport) and proof of address less than 6 months old (invoice, bank statement, etc.)
• Wait for validation: generally done within 24 hours, sometimes a few hours if the documents are complete.
• Receive the confirmation email and access your client area to start trading in real or demo mode.

✅ Good to know:

The demo account is available for free, without any deposit obligation, but only after full account validation. It remains active for 35 days with configurable virtual capital, which is practical for testing platforms and strategies.

Dépôts et retraits sur Eightcap

Honnêtement, j’ai trouvé le système de dépôt et de retrait chez Eightcap à la fois simple et rapide, ce qui change de certains brokers où les délais ou frais deviennent frustrants. Les transactions sont gratuites, ce qui est un vrai avantage, et les retraits sont traités sous 24h dans la majorité des cas (hors virements bancaires qui prennent un peu plus de temps). J’ai testé à la fois PayPal et carte bancaire, et les fonds sont arrivés sans souci. 

✅Good to know:

The withdrawal is always done via the same method as the deposit, which is normal under anti-money laundering rules. If you are looking for speed, e-wallets like Skrill or PayPal are the most efficient, and the possibility of using cryptos is also a real plus for active traders like me who want to maintain flexibility.

Types of Accounts Available on Eightcap

Eightcap offers several types of accounts designed for active traders and users looking for optimised CFD trading conditions. All instruments available with this broker are traded as CFDs, meaning it is not possible to directly purchase shares or ETFs.

Here is an updated summary of the accounts available:

Trader tip:

To optimise your costs, open your account in the same currency as your deposits, in order to avoid automatic conversions.

Conclusion: Should you invest with Eightcap?

If you're an active trader like me, Eightcap ticks all the boxes: ultra-tight spreads, a truly competitive Raw account, direct access to TradingView and MetaTrader 5, and over 800 CFD instruments to trade, including one of the broadest crypto offerings on the market. Execution is smooth, withdrawals are fast, and the tools are clearly designed for those who want to optimise their trading.

En bref : c'est un courtier solide, efficace et conçu pour les vrais traders.

I also appreciated the transparency on fees, access to tools like FlashTrader or Capitalise.ai, and the responsiveness of customer support, always available when I had a question. For me, Eightcap is the perfect balance between technology, performance and ease of use, especially if you trade Forex, indices or cryptos.

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.