Eightcap Review

Eightcap enhances its status as a MetaTrader-only broker with third-party trading resources and access to Capitalise.ai’s algorithmic trading platform, alongside the TradingView platform.

Despite Eightcap’s impressive crypto offering,it's lacking in education and research material.

Eightcap pros & cons

Pros

• Eightcap (also known as “8cap”) was founded in 2009 and has a couple of regulations.

• Eightcap has a good variety of written research articles, and content from third-parties, including BK Crypto Crusher.

• Offers a large selection of over 200 cryptocurrency CFDs.

Cons

• Has a small range of less than 800 CFD assets and only 42 forex pairs available.

• Eightcap’s research Material lacks depth, variety, and consistency.

• Educational resources do not have the ability to filter content by experience level. a

• Educational videos are small in amount compared to what the best forex brokers for beginners offer.

• The range of markets, accounts, and execution methods available at Eightcap simply can’t compete with the best MetaTrader brokers.

Commissions and fees

Eightcap mainly fitted for those those in Australia, Vanuatu and the Bahamas. The commissions and fees you pay will depend on whether you choose the commission-based Raw account or the spread-only Standard account.

Eightcap lists an average spread 0.76 pips – coming in just under the industry average of 0.8 pips.

Overall, Eightcap is slightly more expensive than other low-cost forex brokers..