A step by step tutorial on EightCap's offerings including their accounts, spread fees, trading applications and more.
This Video Overview Includes:
📢 Trading products
📢 Account types
📢 Trading Platforms
📢Opening an account
📢 Educational resources
📢 And more...
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0:26 Overview
2:45 Trading platform
4:56 Account types
6:31 Opening an account
7:54 Educational resources
9:05 Awards
9:35 Conclusion
Read our Video Script:
EightCap is an Australian Forex and CFD broker that was founded in 2009. They are regulated by the Australian Securities and Investments Commission and the Securities Commission of The Bahamas and they have a Trustpilot rating of 4.4 /5. As an EightCap client, you will be able to trade over 1,000 instruments on the MetaTrader 4 and 5 platforms and you will also have access to a variety of premium quality trading tools, such as Capitalise.ai, FX Blue Labs, CryptoCrusher and the Amazing Trader Charting Algorithm. We recommend EightCap for all types of traders, including beginners and there are flexible account types to choose from.
EightCap accounts can be connected to the MetaTrader 4 and 5 platforms. MetaTrader 4 and 5 are currently ranking amongst the most popular trading platforms in the world. MT4 was released in 2005 and MT5 was released 5 years later. These platforms are renowned for their advanced analysis tools, thousands of technical indicators, customizable charts, EA and algorithmic trading support and they can be downloaded at no cost.
EightCap offers two types of live trading accounts with competitive spreads. Both accounts can be used with Expert Advisors and can be funded using up to seven base currencies and nine secure payment methods. The first type of account you can open with EightCap is the Standard account, which is a commission-free account with spreads starting at 0.5 pips. You can also open a Raw account that offers spreads as low as 0 pips, but a small commission fee is charged when using this account. Both accounts require a minimum deposit of at least $100 to be activated and can be used for hedging and scalping, but hedging is unfortunately not allowed for clients based in Australia. The maximum leverage allowed on EightCap accounts is currently 1:500. If you’re new to trading then we recommend opening a demo account first to practice on. With EightCap, you can open a demo account that can be connected to MetaTrader 4 and 5, which will give you an opportunity to test out the tools and features of these popular platforms. You can also use the demo account to test new strategies and trading ideas that you’re working on without depositing any real money.
EightCap is one of our top-rated beginner-friendly brokers and they also provide a great selection of resources for analysis and market news. If you’re trading for the very first time and you’re looking for guides and tutorials on using platforms and the basics of trading and trading strategies, then you’ll be happy to know that you can find all of these learning materials and more on the EightCap website. They provide “how to” trading guides, guides on using trading strategies and the fundamentals of trading, and tutorials on using the MetaTrader platforms. Once you get the hang of the basics of trading, you can head over to the market news and analysis section where you will have access to live webinars, market updates and CFD trading ideas.
EightCap is a trusted, beginner-friendly online broker with over 1,000 currency pairs, Commodities, Indices, Shares and cryptocurrencies. With EightCap, you can enjoy super-tight spreads, commission-free trading and dedicated customer support. EightCap offers flexible accounts with competitive trading conditions and we consider them a low-risk broker that is suitable for all types of traders.
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