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Eightcap accounts: which entity holds your money
The account you open decides which legal entity and which regulator stand behind it. Here are Eightcap's accounts with that in mind.
Regulation: ASIC (AFSL 391441); FCA (FRN 921296); CySEC (246/14); SCB Bahamas (SIA-F220); Seychelles FSA (SD100); Mauritius FSC (GB25204603). How Eightcap is regulated
Facts last checked . Read the full Eightcap review.
Accounts
- Minimum deposit
- $100
- Account types
- Standard, Raw, Professional, Demo
- Account currencies
- AUD, CAD, EUR, GBP, NZD, SGD, USD
- Islamic account
- No dedicated Islamic account
- Demo account
- Yes
- Professional account
- Yes, Eightcap Pro
- Minimum trade size
- 0.01 lots
- Time to open
- Typically a few minutes, subject to verification
What this means
Eightcap runs 4 account types. More choice is not automatically better: the tightest headline spread almost always sits on the account that also charges a commission, so the comparison that matters is the two added together.
Base currencies: AUD, CAD, EUR, GBP, NZD, SGD, USD. Holding the account in the currency you fund it with avoids a conversion charge on every deposit and withdrawal - a cost that never shows up in a spread comparison.
The smallest position is 0.01 lots. For anyone starting carefully this matters more than the minimum deposit, because it sets the least you can put at risk on a single trade.
A demo account is available. Worth using for the platform rather than the results: fills are simulated, so it tells you how the software behaves but very little about execution.
Questions about Eightcap accounts
Which base currencies does Eightcap support?
Eightcap accounts can be held in AUD, CAD, EUR, GBP, NZD, SGD, USD. Holding the account in the currency you deposit avoids a conversion charge on every deposit and withdrawal.
What is the minimum deposit at Eightcap?
The minimum deposit at Eightcap is $100. It can differ by account type and by the entity you register with.
What account types does Eightcap offer?
Eightcap offers 4 account types: Standard, Raw, Professional, Demo.
Accounts at brokers under the same regulator
- Plus500 accounts also licensed by ASIC
- ATFX accounts also licensed by ASIC
- ThinkMarkets accounts also licensed by ASIC
- IC Markets accounts also licensed by ASIC
- FxPro accounts also licensed by FCA