Eightcap

Eightcap is an Australian CFD broker that has gained a massive following for its extensive range of cryptocurrency derivatives. While many brokers offer only Bitcoin and Ethereum, Eightcap offers CFDs on over 250 different crypto assets, including altcoins and meme coins. This makes it a top choice for crypto traders who want to use a regulated broker interface (MT4/MT5) rather than an unregulated crypto exchange.

The broker also offers forex, indices, and commodities. Eightcap is widely used by proprietary trading firms (like FTMO or The Funded Trader) as their liquidity provider due to their reliable execution and competitive spreads. It is a legitimate ASIC and FCA regulated broker providing a bridge between traditional finance and the crypto boom.

Frequently Asked Questions

1. Can I trade crypto 24/7?

Yes, unlike many traditional brokers that close crypto trading on weekends, Eightcap offers 24/7 trading on its cryptocurrency CFDs. This allows you to react to market moves that happen on Saturdays and Sundays.

2. Is Eightcap regulated?

Yes, Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. They also have an entity regulated by the SCB in the Bahamas for global clients.

3. What platforms can I use?

Eightcap supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). They also integrate with TradingView, allowing you to execute trades directly from the TradingView charts, which is a highly requested feature for technical analysts.

4. specific fees or commissions?

On the Standard account, there are no commissions, but spreads are slightly wider. On the Raw account, spreads start from 0.0 pips, but you pay a commission of $3.50 per standard lot per side. Crypto trading usually has its own fee structure embedded in the spread.

5. How do I withdraw funds?

Withdrawals can be made via bank wire, credit/debit card, Skrill, Neteller, and cryptocurrency (USDT). Requests are typically processed within 24 hours on business days, ensuring quick access to your capital.