EightCap Is An Online Financial Trading Company Headquartered In Melbourne, Australia. The Company Specializes In Providing Online Currency Trading And CFD Trading Solutions To Clients Worldwide Through The MetaTrader Platform.
EightCap Is Authorised And Regulated By The Australian Securities And Investments Commission (ASIC) And Holds The Australian Financial Services License (AFSL) Number 391441.
Basic Information & Regulatory Authority
EightCap Was Established In 2009 In Melbourne, Australia's Traditional Financial Center. The Company Currently Holds A Full License From The Australian Securities And Investments Commission (ASIC) And A Retail Foreign Exchange License From The Vanuatu Financial Services Commission.
Security Analysis
Eightcap Is Regulated By The World-renowned Mainstream Regulator - The Australian Securities And Investments Commission (ASIC).
Main Business
Eightcap Provides Mainstream And Popular Financial Instruments On The Global Financial Marekt, Including Foreign Exchange (42 Currency Pairs), Indices, Precious Metals (gold, Silver), Crude Oil. The Trading Time For All Foreign Exchange Currency Pairs Is 24 Hours, But In Order To Avoid The Spread Caused By The Low Liquidity Of The Market Around 00:00 Platform Time, The Trading Is Suspended For 5 Minutes From 00:00 To 00:05 Platform Time Every Day.
Account & Leverage
In Order To Meet The Investment Needs And Investment Strategies Of Different Investors, The Company Has Set Up A Standard Commission-free Account And An Original Spread Account. The Minimum Deposit For A Standard Commission-free Account Is $200 Or The Equivalent Currency, And The Minimum Deposit For An Original Spread Account Is $500 Or The Equivalent Currency. The Maximum Leverage For Both Accounts Is 1:400.
Spreads & Fees
The Minimum Foreign Exchange Spread For A Standard Commission-free Account Starts From 1.0 Points, And The Minimum Foreign Exchange Spread For An Original Spread Account Starts From 0.0 Points. Indices, Precious Metals Products Have A Minimum Difference Of 0.5 Points, And Crude Oil Has A Minimum Difference Of 1.0 Points. The Original Account Handling Fee Is Per $7/standard Lot. Overnight Interest Is Calculated On The Hour Of Each Trading Day, And The Market Is Closed On Weekends, So The Overnight Interest Is Three Times The Usual Every Wednesday.
Trading Platform
Eightcap Uses The Current Popular MT4 Trading Platform. The Platform's Mobile Application Is Available On Apple And Android Smartphones And Tablets. Traders Can Use Mobile Devices And MT4 Desktop Versions To View Real-time Charts, Place Orders, And Track Trading History.
Deposit And Withdrawal
Eightcap Provides Investors With A Variety Of Deposit And Withdrawal Methods, Mainly Including China UnionPay, Bank Telegraphic Transfer, Visa/MasterCard Credit Card, Skrill E-wallet, POLi. The Company Does Not Charge Any Fees For Deposits And Withdrawals, But Users Who Pay From Non-Australian Banks May Be Charged A Fee By The Bank.
