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Alison Heyerdahl
Edited by
Author
Alison Heyerdahl
Edited by
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl
Author
Author
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack

Eightcap

Best MT5 Broker for Trading Australian Shares

Eightcap
4.53
Rate & review
How we review
Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap is regulated by ASIC, FCA, CySEC, SCB, & the VFSC.
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Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

AUD 100

Regulated By
Varies by region

FCA, CySEC, ASIC, SCB

Trading Cost

AUD 10

Max Leverage
Varies by region

500:1

Copy Trading
Varies by region

Yes

Platforms

MT4, MT5, TradingView

Instruments

Commodities, Cryptocurrencies, Stock CFDs, Forex, Indices ( )
Metals

Eightcap Broker Review

Eightcap is a well-regulated, multi-asset broker that combines competitive pricing with a strong focus on technology and execution quality. Founded in Australia in 2009, the broker is licensed by several reputable regulators, including ASIC, the FCA, CySEC, and the SCB, providing a solid level of trust and transparency for traders across different regions.


With access to over 800 CFDs across forex, indices, commodities, shares, and cryptocurrencies, Eightcap appeals to both beginner and experienced traders. Its account structure is simple and cost-effective, offering a Standard Account with spread-only pricing and Raw and TradingView Accounts with tight raw spreads plus commission. The broker stands out for its full TradingView integration, alongside support for MT4 and MT5, making it particularly attractive to technically focused and algorithmic traders.


While Eightcap’s educational offering is not as extensive as that of some larger brokers, its Eightcap Labs hub, webinars, and regular market analysis provide practical value for most traders. Combined with fast execution, no deposit or withdrawal fees, and support for modern trading platforms, Eightcap delivers a strong overall trading experience — especially for traders who prioritise low costs, advanced charting, and platform flexibility.
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Average spread EUR/USD 1.00 pips with 0.0 USD commission round turn on the trading account with lowest minimum deposit. Max leverage 500:1. Islamic account available. MT4 & MT5 platforms supported. Eightcap is regulated by ASIC, FCA, CySEC, SCB, & the VFSC.
Broker Award

Eightcap

Cryptocurrency CFDs have rapidly become one of the largest markets in the trading world. While volatility and risk have put some brokers off, Eightcap thoroughly embraced the trend in 2021, launching the largest crypto CFD range in the world. With over 250 crypto pairs to trade,  Eightcap has earned its place as the leading broker for trading Bitcoin, Litecoin, and Ethereum and many other lesser-known cryptocurrencies. Eightcap has shown that the best regulated and established brokers can support a wide range of cryptocurrency CFDs with competitive leverage.

Pros

  • Great platform choice
  • Excellent education

Cons

  • Limited demo account
  • No swap-free account option
Rating Reviews
4.53

Eightcap Overall Summary

Trust Rating
5
Trading Conditions
4.5
Platforms
4.5
Education
4.5
Beginner Friendly
4
Assets Available
4.5
Analysis Research
5
Deposit & Withdrawal
4.5
Overall Rating
4.53
/ 5
Base Currencies
AUD, CAD, EUR, GBP, NZD, SGD, USD
Number of FX Pairs
55
Crypto Pairs
100
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Acct
No
Account Name
Raw
Commission
7 USD / lot
EUR/USD
0.06
GBP/USD
0.73
USD/JPY
0.23
Negative Balance Protection
No
Company Name
Eightcap Pty Ltd
Founded
2009
Website
www.eightcap.com
Website Language
English, Spanish, Portuguese, Indonesian, Thai
Support Language
English
Office Locations
United Kingdom, Australia, Bahamas, Europe
Support Email Address
[email protected]

Deposit & Withdrawal

banktransfer
bpay
mastercard
neteller
poli
skrill
unionpay
visa

Supported Platforms

Best MT4 Forex Brokers
Best MT5 Forex Brokers
TradingView
Eightcap

Ready to trade with Eightcap?

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Regulated by the world’s top authorities, including the UK’s FCA, and CySEC of Cyprus, Eightcap is a well-regulated broker

Is Eightcap Regulated?

Regulatory Overview: Founded in 2009 in Melbourne, Eightcap is a globally active broker licensed and supervised by several respected regulators across multiple regions:

  • The Australian Securities and Investments Commission (ASIC) – Eightcap Pty Ltd (AFSL No. 391441)
  • The Financial Conduct Authority (FCA), United Kingdom – Eightcap Group Ltd (FRN No. 921296)
  • The Cyprus Securities and Exchange Commission (CySEC) – Eightcap EU Ltd (Licence No. 246/14)
  • The Securities Commission of The Bahamas (SCB) – Eightcap Global Ltd (Licence No. SIA-F220)

This multi-jurisdictional oversight gives Eightcap a solid global regulatory foundation, with protections tailored to the specific requirements of each region.

Client Protection Measures: Eightcap implements several safeguards to enhance trader security across its global entities:

  • Segregation of Funds: All client funds are held in separate, top-tier bank accounts and are not commingled with Eightcap’s operational funds.
  • Negative Balance Protection: Retail clients benefit from protections that prevent account balances from going below zero, even during high-volatility events.
  • Transparent Operations: Eightcap adheres to international compliance standards, including regular audits, strict anti-money laundering (AML) procedures, and disclosure of costs and risks through publicly available legal documents.

With regulation from ASIC, FCA, CySEC, and SCB, and strong client protection measures, Eightcap provides a high level of safety for traders.

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Eightcap’s Trading Instruments

Eightcap offers an extensive range of over 800 financial instruments, including Forex pairs, commodities, indices and share CFDs with competitive pricing and reliable execution.

Available Assets and Leverage

Traders at Eightcap can access over 800 CFDs across a wide range of asset classes—including forex, indices, commodities, shares, and cryptocurrencies—with competitive trading conditions and high leverage options.

Instrument Categories:

  • Forex: Over 45 currency pairs, including majors (e.g., EUR/USD, GBP/USD), minors (e.g., EUR/NZD, GBP/JPY), and exotics (e.g., USD/TRY, EUR/SGD).
  • Indices: 13 major global indices, such as US30, US500, NAS100, UK100, GER40, JPN225, and the South African SA40.
  • Commodities: CFDs on gold, silver, platinum, crude oil (WTI, Brent), and natural gas.
  • Shares (Stock CFDs): CFDs on over 600 global equities from the US, UK, Australia, and Europe, including Apple, Meta, Tesla, Shell, and BHP Group.
  • Cryptocurrencies: Over 100 crypto CFDs—including majors like BTC/USD and ETH/USD, altcoins such as XRP, ADA, and SOL, and crypto-crosses like BTC/ETH and DOGE/BTC. Available 24/7.

Trading Conditions: All instruments are offered as CFDs with:

  • Spreads from 0.0 pips on Raw accounts (e.g., EUR/USD, XAU/USD, BTC/USD)
  • Maximum leverage of up to 1:500 (for forex)
  • 24/5 access for most assets; 24/7 access for cryptocurrencies

Eightcap provides fast execution and tight spreads across all asset classes via the MT4, MT5, and TradingView platforms, supported by institutional-grade liquidity and deep market access.

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Eightcap Accounts and Trading Fees

Eightcap has a Standard Account, a Raw Account, and a TradingView Account. Trading costs are low, with the Standard Account offering spread-only pricing and the Raw and TradingView Accounts providing raw spreads with commission.

Opening an Account at Eightcap

Opening an account at Eightcap is a fully digital process and can be completed in minutes. Demo accounts are set up instantly, while live account applications typically take 5–10 minutes to complete. With valid identification and proof of address, most accounts are verified and approved within 24 business hours.

Trading Accounts

All Eightcap accounts require a low minimum deposit, though we recommend starting with a slightly higher balance to avoid margin calls. Trading costs are competitive across all accounts, with the Raw and TradingView Accounts offering especially tight pricing compared to most other brokers.

Eightcap Standard Account

The Standard Account is commission-free and simple to use. All trading costs are included in the spreads, making it a good option for beginner traders who prefer straightforward pricing without having to calculate commissions.

Eightcap Raw Account

The Raw Account is designed for experienced traders who want access to the lowest spreads. Instead of wider spreads, traders pay a small commission per lot traded. This account is well suited to scalpers and algorithmic traders who rely on low-cost execution.

Eightcap TradingView Account

The TradingView Account mirrors the Standard Account’s pricing model but is built specifically for traders who want to connect their Eightcap account directly to TradingView. This integration allows users to trade seamlessly from TradingView charts while still benefiting from Eightcap’s low-cost trading environment.

Demo Account

Eightcap offers free demo accounts on MT4, MT5, and TradingView. Demo accounts provide full access to Eightcap’s instruments and platforms, making them useful for practice and strategy testing before committing real funds.

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Eightcap's Trading Platforms and Trading Tools

Eightcap supports three major third-party platforms: MT4, MT5, and TradingView. All platforms are available on desktop and as mobile apps, giving traders flexibility across devices.

Mobile Trading Apps

The MT4, MT5, and TradingView apps are available on both Android and iOS. They allow traders to monitor markets, place orders, and manage positions on the go. While mobile apps are convenient, some advanced functionality is limited compared to desktop platforms, and poor internet connections can affect trade execution.

MetaTrader 4 and MetaTrader 5

MT4 and MT5 remain Eightcap’s most popular platforms. They feature advanced charting tools, automated trading with Expert Advisors, multiple order types, and strong community support. MT5 adds extra asset classes, more indicators, and faster order processing, making it better suited for multi-asset traders.

TradingView

Eightcap is fully integrated with TradingView, allowing traders to connect their accounts directly and trade from TradingView’s powerful charts. With over 50 charting tools, thousands of custom indicators, and social sharing features, TradingView is ideal for traders who want both advanced analytics and community-driven insights.

Trading Platform Comparison

Broker
Platform Choice
Copy Trading
Platforms
Eightcap
4.5
/ 5
Read Review
Yes
MT4
MT5
TradingView
AvaTrade
4.5
/ 5
Read Review
Yes
MT4
MT5
Avatrade Social
AvaOptions
XTB
4
/ 5
Read Review
No
xStation5

Desktop Trading Platforms and Trading Tools

Eightcap supports MT4, MT5, and TradingView, giving traders a choice of the most popular and powerful third-party platforms on the market. While it does not have a proprietary web trader or cTrader, Eightcap’s platform selection is still competitive, especially with its full TradingView integration.

MetaTrader 4 and MetaTrader 5

Eightcap offers both MetaTrader platforms, available for download on PC and Mac or through web versions. MT4 remains popular for its wide availability of Expert Advisors (EAs), custom indicators, and simple interface. MT5 provides a more modern experience, with faster processing, additional order types, more charting tools, and expanded asset coverage, making it ideal for multi-asset traders.

TradingView

Eightcap’s integration with TradingView is one of its standout features. Traders can connect their Eightcap accounts directly to TradingView, enabling them to trade from advanced, customizable charts while using TradingView’s powerful community-driven analysis tools. Features include 50+ built-in indicators, thousands of user-created scripts, multiple chart layouts, and a social feed where traders share strategies and insights.

Trading Tools

Eightcap offers several extra tools to enhance its platform lineup:

  • FlashTrader (MT5 add-on): A one-click trading tool that calculates position size automatically and includes advanced order management, partial take-profits, and risk-based trade sizing.
  • AI Economic Calendar: An AI-powered calendar that provides insights into market-moving events, along with trading opportunities.

Unlike some brokers, Eightcap does not provide Autochartist or Trading Central, but its automation and AI-based tools make it appealing to algorithmic and data-driven traders.

Trading Tools Comparison

Autochartist
Trading Central
Trading View
No
No
Yes
No
Yes
No
No
No
No
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Eightcap Deposits and Withdrawals

Eightcap charges no deposit or withdrawal fees; card and e-wallet deposits are instant, bank transfers up to three days, and withdrawals within one day.

Account Currencies and Funding Options

Eightcap follows strict Anti-Money Laundering (AML) regulations, meaning withdrawals must be returned to the original deposit source where possible.

Accepted Base Currencies: Traders can open accounts in a range of currencies, including USD, EUR, GBP, AUD, NZD, CAD, and SGD. This reduces the risk of conversion fees for most traders, though deposits made in non-supported currencies may incur conversion costs.

Funding Methods and Fees: Eightcap supports a wide selection of funding options depending on region, including Visa/Mastercard, bank transfer, PayPal, Skrill, Neteller, POLi, and several cryptocurrency wallets. Eightcap does not charge for deposits or withdrawals, though third-party providers such as banks or payment processors may apply their own fees.

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Eightcap’s Education and Market Analysis

Eightcap’s education is solid but less extensive than top brokers, though its Labs hub and market analysis are practical and accessible for all traders.

Education

Educational Resources: Eightcap provides a range of learning materials through Eightcap Labs, including trading guides, platform tutorials, and strategy explainers. Content covers key topics such as risk management, trading psychology, and technical analysis. The broker also offers platform-specific resources to help traders get started with MT4, MT5, and TradingView.

Webinars and Videos: Eightcap regularly hosts live sessions and webinars led by industry professionals. These are complemented by video content available through its website and YouTube channel, giving traders visual walkthroughs of strategies and platform usage.

Education Comparison

Unlimited Demo Account
Beginner Course
Advanced Course
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes

Market Analysis

Eightcap’s in-house team produces frequent analysis across multiple asset classes. Market insights include technical setups, fundamental commentary, and daily trade ideas delivered through Eightcap Labs.

Analysis Blog: The blog provides timely coverage of market-moving events, such as central bank announcements and geopolitical shifts.

YouTube: Eightcap’s analysts post regular video updates, with discussions on market sentiment, trading opportunities, and macroeconomic trends.

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Eightcap’s Customer Service

Eightcap provides reliable customer service that is available 24/5 to assist with both technical and account-related queries.

24/5 Customer Support

Support is offered via live chat, email, and telephone, and is available in multiple languages, including English and several European and Asian languages. For the purposes of this review, we found Eightcap’s support team to be responsive, professional, and knowledgeable, with most queries answered quickly and accurately.

How Are The Best Forex Brokers Scored?

FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score.

  • Trust Rating: Assessment of broker reliability and reputation
  • Trading Costs: Spreads and fees for clear comparisons
  • Platforms: User-friendliness and features 
  • Asset Selection: Forex, stocks, and other available instruments
  • Deposit and Withdrawal: Simple and free deposits & withdrawals
  • Education: Support for beginners and developing traders
  • Customer Support: Accessibility, responsiveness, and expertise


To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. The radar chart to the left illustrates the weight of each category in our final scoring system.

Why Our Reviews Set the Standard

Every broker we recommend meets strict trust and safety criteria and is tested for reliability, transparency, and overall trading experience.

Eightcap Risk Statement

Eightcap Risk Statement

Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Eightcap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.

View Our Full Risk Disclosure

User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.
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