Best forex broker

Eightcap is an ASIC-regulated broker in Melbourne, Australia. They were founded in 2009 with a simple, straightforward mission to provide exceptional financial services to their clients. They have five offices around the globe and regulation in multiple locations providing clients worldwide with the ability to trade on markets across FX, indices, commodities, and shares.

Pros & Cons


  • Low fees
  • Straightforward account opening
  • Free deposits and withdrawals


  • Limited product selection
  • Limited educational tools


Eightcap has low fees, especially trading fees if you choose the Raw account. You are also not charged any expenses due to inactivity or withdrawal fees.

Account types

Opening an account with Eightcap is a straightforward process. It’s fully digital, and your account should be approved within a day.

You can choose between the following two account types:

  • Raw account
  • Standard account

Deposit & Withdrawal

With Eightcap, your deposits and withdrawals are free, while you can choose between seven major currencies as your account base currency.

Eightcap accepts the following deposit methods:

  • Bank transfer
  • Credit/Debit card
  • POLi Payment
  • Fasapay
  • BPAY
  • China UnionPay
  • Skrill
  • Neteller
  • PayPal

Eightcap offers the following withdrawal methods:

  • Bank transfer
  • Credit/Debit card
  • Electronic wallets


Eightcap is regulated by two financial authorities.

  • Australian Securities and Investments Commission (ASIC)
  • Vanuatu Financial Services Commission (VFSC)

Depending on your country of residency, you will be regulated by one of the two financial authorities. However, keep in mind they don’t provide any investor protection, only negative balance protection. 

Limited Forex Prop Reviews offer!

We are offering a way to access FXMA’s analyst service for 60 days free of charge. Through our offer, you can acquire a 60-day FXGO plan for free.

You can do so by following the following four steps on their website, which you can access here:

  • Register on Eightcap with our affiliate link
  • Process the KYC verification
  • Deposit a minimum of €500
  • Open a position with a minimum size of 1 lot

You can access Eightcap with our affiliate link by clicking here.


We recommend Eightcap to anyone looking for a MetaTrader 4 or MetaTrader 5 broker with low fees. Opening an account with them is fast, easy, and fully digital. Another great feature is the free-of-charge deposits and withdrawals on the broker’s end.

You can also gain access to FXMA’s 60-day free-of-charge FXGO plan by registering on Eightcap through our affiliate link. You have to follow the following four steps: register on Eightcap with our affiliate link, process the KYC verification, deposit a minimum of €500, and open a position with a minimum size of 1 lot.