EightCap Commission or Brokerage Charges – Review, Plans, FAQs and more

Know everything about EightCap Commission or Brokerage Charges here.

Online trading is the advanced medium to make investments. Many renowned trading companies offer online trading services with superior trading services and safety assurance.

But while opting for any trading platform, it is important to check the expenses involved in advance.

While opening a trading account, there are various types of brokerage charges and trading fees included that have to be paid by the traders at a specific time.

In this article, we will help you know the various EightCap charges involved in its trading accounts so that you can examine and compare them well to make your investment decisions well.

EightCap Commission or Brokerage Charges

EightCap commission plans vary in both of its trading accounts. For the Raw account, the spread is kept floating from 0 pips.

The spread is from 0.5 pips for indices, 0.1 pips for oil, and 0.0 pips for precious metal Gold. For silver, the spread is from 0.5 pips.

The average spread charges are from 0.1 pips during the peak trading hours.

Raw Accounts are commission-based and may involve the commission of $ 3.5 per lot. Swap charges are also applicable in the Raw account in case of overnight forex trades.

The standard account is a commission-free account and does not involve any commission charges. It involves swap fees in case of overnight forex trades.

The spread charges are variable and start from 0.1 pips. For major indices, it is 0.5 pips like SPX 500.

EightCap commission offers tighter spreads as low as 0.0 pips for cryptocurrencies like Ripple and on the contrary, the spread can reach up to 30 pips for bitcoins.

EightCap tends to keep the spread charges as low as possible in normal trading conditions but it keeps changes depending upon the unpredictability of the financial instrument.

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Types of EightCap Commission Plans

EightCap provides two different types of trading accounts as Raw Account and Standard Account.

The Raw account requires the account holder to pay a minimum deposit amount of $ 100 at the time of account opening and involves fixed commission charges for each of the financial instruments.

The standard commission charge for the Raw account holders is $350 per lot. The EightCap commission charges may vary depending upon the type of financial instrument and size of the trade.

The spread charges for Raw accounts are kept raw that varies as per the market you are trading in.

The minimum leverage offered by the EightCap trading platform is 30:1.

However, EightCap can exceed the leverage and maximize it to 500:1 for professional and active traders. The Raw account provides four base currencies.

EightCap standard account comes with a minimum deposit amount of $ 100 that the user has to fund its account with at the time of opening the account.

The standard account does not involve any commission charges but it might be applicable depending upon the size of the trade.

The spread for standard accounts starts from 1.0 pips and varies for different financial instruments.

The minimum leverage offered for Standard account holders is 30:1 which can be extended to 500:1 for the professional traders who are Non-Australian Residents.

The standard account provides 5 base currencies.

EightCap Account Opening Process

The traders get complete flexibility to open the trading account on any of the devices including Windows, Android, or iOS as the EightCap trading platform is available on all the devices.

The account opening process of EightCap is as follows-

• Browse the EightCap webpage and click on the ‘open my account’ option. Now you can choose your preferred account type out of a Raw account and a standard account.
• After choosing the account, a registration form will appear. Fill the form and submit it. Now the next step includes presenting your documents to the broker. Present all the documents including identity proof, bank statements, residential address proof, PAN card, passport, etc.
• Lastly, fund your account with the initial deposit money required. Choose the preferred payment option to deposit the funds. Once you follow all these steps, the broker will take 1 to 2 days to approve and open your account.
• You will get the login credentials on your email id.
• Download the app, register, and log in with the login credentials provided by the broker.
• After logging in, take a tour of your account and customize it as per your trading needs and requirements.
• Now you can make your trading strategies, finalize your preferred financial instruments and execute your trade with the EightCap trading platform.

EightCap Payment or Withdrawal Methods

What payment methods a trading platform offers, is a crucial thing to consider.

While opening an account with any trading platform, you must check if there are ample options for funds transferring or funds withdrawal quickly.

EightCap offers various payment methods both for depositing funds and withdrawing funds to let the traders choose the most appropriate ones as per their suitability.

There are around 7 payment options for 7 base currencies at EightCap and all the payment transactions are made through the client portal.

EightCap charges Deposit options- the Eightcap fund deposit payment options are- China UnionPay, Credit Card, Neteller, Poli, Bpay, Skrill, Wire Transfer.

Eightcap Withdrawal Options- The EightCap fund withdrawal options are- Bpay, Cash-U, China UnionPay, Credit Card, Neteller, Poli, Wire Transfer.

Apart from the Wire transfer option, all the above payment options for fund deposit or withdrawal do not include any fees. Wire transfer fees depend upon bank to bank.

All the options made the payment instantly except for the BPay, Skrill, and bank wire transfers. These payment options may take 1 to 2 business days.

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EightCap Investment Assets

EightCap trading platform offers over 250 types of tradable assets. It provides a wide range of chief assets divisions such as cryptocurrency, forex pairs, commodities, indices, stocks, and currencies.

There are over 40 minor, major and exotic forex pairs for the traders to trade in.

The traders can trade in 45 currency pairs and 5 cryptocurrencies. The supported crypto coins at the EightCap platform are Ethereum, Litecoin, Bitcoin, and Ripple.

There are a total of 12 main indices EightCap offers trading in including UK100, US30, and SPX500.

For commodities, EightCap offers major four including silver, gold, oil CFDs, etc. Also, EightCap offers over 200 main stocks for trading.

At EightCap, the traders can trade with Australia’s and U.S’s top 250 reputed and well-known companies.

EightCap Commission – Conclusion

The article includes all types of EightCap Brokerage charges that have to be paid by the account holders at the time of account opening and at other times of trading.

In this article, we have reviewed both the trading accounts of EightCap and examined the various trading fees, spread charges, leverage, minimum deposit amount, and commission charges applicable on each of the accounts.

Read the EightCap commission review carefully to scrutinize the charges applied and opt for the trading platform most suitable for you as per your trading needs and budget.

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EightCap Charges or Fees – FAQs

Here is the list of FAQs related to the EightCap commission:

Do EightCap charge commission?

Yes, EightCap charges commission. EightCap commission plans vary in both of its trading accounts.

Raw Accounts are commission-based and may involve the commission of $ 3.5 per lot whereas a Standard account is a commission-free account and does not involve any commission charges.

How much does EightCap charge brokerage?

EightCap Brokerage charges vary for both the raw account and the Standard account. In the Raw account, the spread is kept variable and tighter as compared to a standard account.

In both the accounts, the spread charges change depending upon the instability of the financial instruments.

Swap charges are also applicable on both the accounts in case of open forex trading positions held overnight.

The standard account does not involve any commission charges but the commission charges for the raw account are $ 3.50 per standard lot.

What is the Minimum Deposit required in EightCap?

The minimum deposit required in the EightCap trading platform is $ 100 for both of its trading accounts including Raw Account and Standard Account.

How much leverage does EightCap provide?

The average leverage offered to the traders in both the standard account and raw account is 30:1. EightCap offers the maximum leverage of up to 500:1 to professional and active traders.

How much is Spread at EightCap?

For the Raw account, the spread is kept floating from 0 pips. The spread is from 0.5 pips for indices, 0.1 pip for oil, and 0.0 pips for precious metal Gold.

For silver, the spread is from 0.5 pips. The average spread charges are from 0.1 pips during the peak trading hours.

For the Standard account, the spread charges are variable and start from 0.1 pips. For major indices, it is 0.5 pips like SPX 500.

EightCap commission offers tighter spreads as low as 0.0 pips for cryptocurrencies like Ripple and on the contrary, the spread can reach up to 30 pips for bitcoins.

What type of Commission Plans are available in EightCap?

The commission plan involves a minimum deposit amount of $ 100 that the user has to fund its account with at the time of opening the account for both Standard account and Raw account.

In the Standard account, there are no commission charges included but it might be applicable depending upon the size of the trade and in the Raw account, the commission charges are $3.50 per standard lot.

The spread for the standard account starts from 1.0 pips and in the raw account, the spread is kept floating.

The minimum leverage offered is 30:1 which can be extended to 500:1 for the professional traders who are Non-Australian Residents for both the accounts.

Does EightCap provide Cryptocurrency for Investment?

Yes, EightCap provides 5 major types of Cryptocurrencies for investment. The supported crypto coins at the EightCap platform are Ethereum, Litecoin, Bitcoin, and Ripple.

Is EightCap a legit Forex Broker?

EightCap is a reputed and reliable Forex broker that has made its reach all across the globe with its most advanced and promising trading services.

It was a trading company founded in 2009 with the headquarter in Melbourne, Australia.

The EightCap company is regulated by ASIC (Australian Securities and Investment Commission) and VFSC (Vanuatu Financial Services Commission). Since it is regulated by two of the most prominent regulatory Authorities, it ensures complete safety and security of the users and their funds.

Can I invest in EightCap with $5?

No, the minimum deposit amount for both the raw account and standard account of the EightCap trading platform is $ 100 that has to be paid by the traders at the time of opening the account.

With $ 5, the traders cannot access the trading account.

Are there any hidden charges available with EightCap?

No, all the EightCap charges are disclosed to the users at the time of account opening.

There are no hidden charges that the traders have to pay while trading or at any other point in time.

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