Eightcap Review

Eightcap, founded in 2009 in Melbourne, Australia, is dedicated to delivering online trading services specializing in forex and CFDs. They offer an impressive array of over 270 tradable instruments that span currency pairs, indices, commodities, cryptocurrencies, and stocks. Clients are granted access to popular trading platforms, MetaTrader 4 and MetaTrader 5, along with a variety of additional trading tools and educational resources to enhance their trading experience. Eightcap sets itself apart by offering exceptional trading conditions, which include competitive fees, rapid execution speeds with minimal slippage, and a highly responsive customer support team.

When it comes to markets, Eightcap boasts a selection exceeding 1000 trading instruments across diverse asset classes, including forex, shares, commodities, indices, and cryptocurrencies.

For platforms, Eightcap equips all its clients with the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both platforms are accessible in web versions that function seamlessly on modern browsers, desktop applications for Mac and Windows, as well as mobile apps for Android and iOS devices.

While MT4 and MT5 share many similarities, such as user-friendly interfaces, various chart types, and trading tools including automation features, MT5 is more advanced, offering a broader range of technical indicators and trading tools. Notably, stock and crypto trading is exclusive to the MT5 platform.

MetaTrader 4 (MT4) allows you to trade Forex, Indices, and Commodities with a highly acclaimed platform. It maintains the same user-friendly interface, incorporates robot trading capabilities, and provides a robust charting package built on a solid technical foundation. With MT4, you can automate your trades by downloading free trading robots or purchasing them from the MetaTrader Market.

You have the flexibility to trade according to your preferences, whether it’s one-click trading directly from charts or placing market orders, pending orders, stop orders, and trailing stops. The platform offers a comprehensive set of charting tools to help you identify trends and determine optimal entry and exit points. With 9 time frames, 30 built-in indicators, and 24 graphic elements at your disposal, you’ll find everything you need right at your fingertips.

Rest assured that all data exchanged between the MT4 platform and the servers is secured to safeguard your personal information. The installation and configuration process for MT4 on any device is straightforward. Before getting started, Eightcap will email you your login credentials for your Demo or Live trading account. Once you open an account with Eightcap, their support team will promptly provide you with your MT4 login details. You can then install the Desktop Terminal or Mobile App on your device and log in.

MetaTrader 5 (MT5) enhances your trading experience with a user-friendly, multi-asset trading platform. If you wish to trade forex, indices, commodities, or stocks, MT5 is the perfect choice. This platform offers advanced trading features accessible through desktop or mobile apps and also a Web Trader version.

The MT5 platform is designed for multi-asset traders, providing an intuitive and fully customizable trading interface accessible via Web Trader, desktop applications, and mobile apps, ensuring a smooth and efficient trading experience.

You have the option to purchase a trading robot or create your own for automated market analysis and trade executions. For those with more experience, the MQL5 Wizard allows you to design your own robot using ready-made components, or you can develop one in the MQL5 IDE programming environment.

Maintain total control over your trades with the Market Depth feature, netting or hedging modes, or one-click trading directly from the charting interface. Utilizing MT5’s advanced charting capabilities, you can analyze both short and long-term price movements. You have access to charts across 21 different time periods, as well as 80 built-in indicators and analytical tools. Stay informed with the Financial News and Economic Calendar tools to better understand what influences market activity.

One of the key differences between MT4 and MT5 is the web browser version of the MT5 platform, which is compatible with any device running Windows, macOS, or Linux.

In addition to the tools available on the trading platforms, Eightcap provides clients with extra trading resources such as MAM software, Market News & Analysis, and an Economic Calendar.

With Capitalise.ai, you can automate your trading without needing to code. This tool enables you to make informed strategic decisions based on aggregated data sources. It scans the markets and executes trades in real-time, utilizing data, technical indicators, and macroeconomic factors. You can explore all conceivable strategies, allowing only the triggered ones to utilize your funds. Test your trading plan using historical data, or assess your strategy without risking real money through real-time data.

With FX Blue Labs, you have access to powerful yet easy-to-use widgets designed for trading. This toolset helps you personalize your trading experience, making it easier to focus on relevant information. Created by traders for traders, FX Blue Labs enhances execution and analysis, allowing you to make better-informed trading decisions.

Eightcap also offers a variety of educational materials. Their website features numerous articles crafted by a skilled team of analysts, which are presented in an easy-to-read infographic format. The content is divided into three main sections:

1. Fundamentals: Approximately 24 articles covering trading basics, including stocks, spreads, pips, and swap rates.
2. MetaTrader Guides: 14 articles detailing how to effectively use the trading platforms.
3. Trading Strategy: 15 articles discussing various indicators for developing trading strategies, along with insights on risk management and trading psychology.

Stay updated with real-time market insights and analysis from Eightcap’s global market analysts. Their website offers a section dedicated to economic events, market news, and expert opinions, divided into market updates, forex news, and CFD news.

In conclusion, Eightcap is an online broker from Australia that provides forex and CFD trading services through the MT4 and MT5 platforms, along with a variety of trading tools and educational resources.

Ratings:

• Markets: 8.0/10
• Platforms: 8.0/10
• Tools: 8.0/10
• Education: 8.0/10

Pros:

• User-friendly platforms and applications
• Useful trading tools
• Good selection of CFD instruments
• Comprehensive educational resources
• Excellent customer support
• Free demo trading accounts

Cons:

• Cannot accommodate USA traders
• No swap-free accounts

As a self-proclaimed forex enthusiast, I dedicate my time to researching and testing everything related to forex. With years of experience in the forex industry, I’ve reviewed thousands of forex robots, brokers, strategies, and courses. My aim is to share my insights with you for free, helping you navigate the exciting world of forex trading! To learn more, visit https://findnomore.net.