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Last updated: July 30, 2026

Eightcap

Verified
Founded: 2009HQ:
AUS flag
AUS
Website: eightcap.com
Score
3.74
External ratings
TV4.47 800 reviews
TP4.13 819 reviews

Eightcap is an Australian forex and CFD broker founded in 2009 in Melbourne. The group operates internationally through entities in Australia, the United Kingdom, Cyprus and several offshore jurisdictions, offering more than 800 CFD instruments across forex, indices, commodities, shares, ETFs and cryptocurrencies.

Overview

Regulation

Clients from Mexico are served by Eightcap Global Limited under licence SCB Bahamas SIA-F220. Mexico has no dedicated retail-CFD regulator: CNBV oversees banks and securities markets but does not cover retail CFDs, and CONDUSEF only handles complaints against entities licensed in Mexico. The Bahamas entity has no investor compensation scheme, so escalation for a Mexican client runs through the broker's internal procedure and then the Securities Commission of The Bahamas.

Platforms and instruments

MetaTrader 4 MetaTrader 5 TradingView TradeLocker

The broker lists more than 800 CFD instruments across forex, indices, commodities, shares, ETFs and cryptocurrencies. Trading conditions vary by platform, so the available account type and leverage depend on the platform chosen.

Account types

  • Standard: spreads from 1.0 pip, no commission, minimum deposit $100
  • Raw: spreads from 0.0 pips, commission of $7 per lot round turn on a USD account ($3.50 per side), minimum deposit $100

The Raw account is available on MetaTrader 4, MetaTrader 5 and TradeLocker; TradingView offers the Standard account only. The minimum trade size is 0.01 lots on both accounts, with a margin call at 80% and stop-out at 50%.

Maximum leverage on the Bahamas entity is 1:500. The selectable leverage ladder starts at 1:10 on MetaTrader 4 and MetaTrader 5, and at 1:30 on TradingView and TradeLocker.

Negative balance protection is discretionary under the Eightcap Global Limited client agreement: the broker waives the deficit and returns the balance to zero at its own discretion or where the law requires it, so a negative balance stays the client's obligation. Accounts can be opened in AUD, CAD, EUR, GBP, NZD, SGD and USD; there is no Mexican peso (MXN) account.

An account with no client-initiated activity for 12 months is treated as inactive: the balance moves to a holding account, access to the platform is suspended and a fee of 10 units of the account currency ($10 on a USD account) is charged monthly. A balance below 20 units may be absorbed without notice, and money left in the holding account for 12 months may be absorbed as well, with a five-year window to claim it back.

Payments for clients from Mexico

Deposit & withdrawalVisaMastercardPayPalBank transferSkrillNetellerCrypto

Eightcap charges no internal fees on deposits or withdrawals. Card, e-wallet and crypto deposits are processed instantly, while bank transfers take 1-5 business days. On withdrawals, cards take 2-5 business days, e-wallets about 1 business day and crypto is processed instantly. Withdrawals follow a return-to-source policy and can only be sent to an account in the client's own name. Accounts are held in US dollars or another base currency from the list above, so deposits made in pesos are converted at the payment provider's rate. The full set of methods and limits appears in the client area after opening a live account.

Localisation and support

The website and educational materials are available in Spanish. Support runs 24/5 in several languages including Spanish, through live chat and email at [email protected]; no dedicated Mexican phone line is published.

Public sources

TradingView: 4.4 out of 5 across 7,800 reviews. Trustpilot: 4.1 out of 5 across 3,819 reviews. No regulatory fines against Eightcap have been recorded. The FCA has issued a clone-firm warning about Eightcap VIP (eightcap.vip), an unauthorised website impersonating the regulated broker; the official site is eightcap.com.

Pros and cons

Pros
  • No broker fees on deposits and withdrawals
  • TradingView platform
  • MT4 and MT5 platforms
  • Adjustable leverage
Cons
  • No negative balance protection
  • Account inactivity fee

Account types

Accounts available to clients from Mexico.

AccountDepositSpreadCommission
Standard$100from 1.0 pipsNone
Raw$100from 0.0 pips$7 per lot

Spread shown for EUR/USD. Commission is round turn per lot.

Payment methods

Available deposit and withdrawal methods for clients from MX.

Deposit
VISAMCPayPalBankSkrillNETELLERUSDT
Instant, no broker-side fees
Withdrawal
VISAMCPayPalBankSkrillNETELLERUSDT
1-5 business days for bank transfers

Regulation & Licenses

Australian Securities and Investments Commission is the Australian corporate and financial regulator. It licenses brokers under the Australian Financial Services License (AFSL).

Compensation Scheme of Last Resort (CSLR), operational since April 2024, pays up to AUD 150,000 per claim if a firm fails to satisfy an AFCA determination due to insolvency.

Financial Conduct Authority is the main UK financial regulator, founded in 2013. It supervises over 50,000 financial firms, including CFD and forex brokers.

Financial Services Compensation Scheme (FSCS) is a statutory fund that pays up to £85,000 per client when a regulated broker fails. The service is free.

Cyprus Securities and Exchange Commission is the Cyprus financial regulator and an ESMA member. It licenses and supervises investment firms within the EU jurisdiction.

Investor Compensation Fund (ICF) covers up to 90% of covered client claims, capped at €20,000 per client, if a CIF firm becomes insolvent. Apply via the online form on cysec.gov.cy or by post: ICF, 19 Diagorou Str., 1097 Nicosia.

Securities Commission of The Bahamas is the Bahamas capital markets regulator, founded in 1995. It supervises investment funds, securities and capital markets. There is no online register search: the commission publishes the list of licensed firms as a PDF document, and a licence is verified by searching within it.

No investor compensation fund. Client protection relies on licensing capital requirements and the broker’s segregation of client funds.

Download the complaint form at scb.gov.bs/complaints/ and send the completed form with attachments to [email protected]. Written complaints only.

Financial Services Authority of Seychelles is the non-bank financial services regulator of Seychelles, founded in 2013. It licenses forex brokers under the Securities Dealer category.

No investor compensation fund. Segregation of client funds is a licensing requirement, but there is no state-backed reimbursement if a broker becomes insolvent.

Financial Services Commission of Mauritius is the non-bank financial services regulator of Mauritius, founded in 2001. It licenses forex brokers, investment funds and insurance firms.

The Stockbroking Compensation Fund covers only firms operating on the Stock Exchange of Mauritius. Most retail forex/CFD brokers are outside its scope.