Basically, for eightcap review, the Eightcap was formed in Australia, Melbourne in 2009. Moreover, the Eightcap confirms the maximum level of all standards of financial reporting, corporate governance, and financial disclosures. Furthermore, it also holds certification from an Australian Financial Service License (AFSL). It also certified by the Australian Securities & Investment Commission (ASIC).
Additionally, the Eightcap’s U.K. based entity namely Eightcap Group Ltd is fully authorized and well regulated by the Financial Conduct Authority (FCA). Lastly, its EU based entity is also authorized form the Cyprus Securities and Exchange Commission (CySEC). In fact, in the offshore and foreign island of Vanuatu, the Eightcap Global Pty Ltd also holds good regulatory status with authority of the Vanuatu Financial Services Commission (VFSC) in December 2019.
- Eightcap Review And Methodology
In 2022, about three months of published research, eightcap assessed and ranked at 39 international forex brokers. Indeed, each of the brokers has awarded a grade on 113 various variables. This proprietary trust algorithm is also important. Additionally, in terms of licenses, permits, corporate structures, and regulations, this algorithm ranks the levels and degree of trustworthiness of each broker.
- The Pros And Cons
Some pros and Cons are:
- The Eightcap was founded in early 2009 and it is well regulated in two tiers.
- After all, tier jurisdictions and the tier two jurisdictions.
- Eightcap has a good variety of well written articles.
- It also offers a vast collection of more than 200 crypto currency based CFDs.
- Eventually, it holds a narrow range of CFD symbols.
- Only forty five forex pairs are available.
- Eightcap’s research based contents have lack of pure depth, full variety, and valid consistency.
- Educational resources of eightcap lack the power to filter the content by experience.
- It creates the benefits of the inclusion of full progress-tracking element.
- Some educational videos are mainly sparse as compare to the best forex brokers for starters’ offer.
- The wide range of financial markets, all accounts, and execution of all available methods at Eightcap cannot compete with the ever best Meta traders.
- Basic Knowledge About Eightcap
Various updates and knowledge is also available in the financial market. Types of accounts, overall trust score and minimum deposit are main source of research about eightcap. Brief notes are:
Overall Trust Score
Eightcap is measured as average-risk, with an overall and accurate Trust Score of 87 out of total score of 99. Infact, the Eightcap is not full publically traded. It also does not run a bank. Further saying, the Eightcap is also authorized by the tier-1 regulators.
Minimum Deposit At Eighcap Review
In fact, the $100 is minimum deposit at eighcap. Hope with it is low deposit as compare to other brokers. You may gather this amount easily.
Types Of Accounts
An investor may select a raw account and standard account. Each account has its own features. Investors must consider all relevant researches.
- Process of Opening An Account
Whole process of open an account at eightcap is easy. The online application takes maximum fifteen minutes or less to open an account. The three steps are:
- Provide basic information like name and email address. Verification of given details is also necessary.
- Enter all required personal data and information.
- Select account type (Raw, Standard, and corporate)
- Verify your own identity via uploading images of passport and ID, utility bills, and bank statements.
- Key Points
Some key points are:
Is Eightcap Review Safe?
Finally, EightCap is not a scam at all. Basically, it is very low risk trading broker. Due to a full strict regulatory frame work or full compliance culture, it is full secure investment mode.
In fact, the trader has full access more than 1000 of financial instruments. It also includes major and minor currency units, oil weights, gold reserves, silver reserves, investing shares and all unique crypto currency CFDs.
Finally, as part of eightcap, all key brokers have the valid opportunity to provide all recent updates, key milestones, and complete in-depth profile. Largely, we can say hand checked standard of accuracy.
As a matter of fact, the eightcap has enhanced its valued status as a MetaTrader-only broker. It is safe and sound mode and platform of investment. Certifications from well-known financial regulators are trust worthy accreditations for eightcap.