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Overview of EightCap

TheTrustedProp
Date: May 11, 2024

In the world of online trading, it's essential to have a reliable and reputable partner by your side. EightCap, a prominent player in the industry, has been offering its services since 2009. This article will provide an in-depth overview of EightCap, covering various aspects, including company details, funded programs, and regulatory compliance.

Company Details

Name: EightCap
Legal Name: EightCap Global Limited
CEO: Alex Howard
Established: 2009
Registered in: Melbourne, Australia

EightCap's journey began in 2009 with a clear mission: to provide exceptional financial services to its clients. Over the years, it has expanded its reach and now has offices around the world. Despite its growth, the commitment to delivering an unrivaled trading experience remains at the core of EightCap's operations.

Regulatory Compliance

When choosing a trading partner, it's crucial to consider regulatory compliance. EightCap operates under various regulatory frameworks, ensuring the safety and security of its clients' investments. Here are the regulatory details:

  • EightCap Pty Ltd: Regulated by the Australian Securities and Investments Commission (ASIC) under AFSL 391441.
  • EightCap Global Limited: Regulated by The Securities Commission of The Bahamas (SCB).
  • EightCap Group Ltd: Authorized and regulated by the Financial Conduct Authority (FCA) in the UK.
  • EightCap EU Ltd: Regulated by the Cyprus Securities and Exchange Commission (CySEC).

These regulatory bodies oversee EightCap's operations, ensuring that it adheres to the highest standards of financial services.

Funded Trading Programs

The Funded Trader Program

EightCap has partnered with proprietary trading firms to provide traders with opportunities to access funded accounts. Here's what you need to know:

  • Proprietary Firm: This program offers traders the chance to work with up to $1,500,000 in capital and up to 90% profit splits.
  • Partnership with EightCap: The Funded Trader program has an agreement with EightCap, expanding access to their MetaTrader server.
  • Simulated Live Conditions: Phase 1 and Phase 2 accounts replicate the experience of a funded account.
  • Spread Mark-Ups Removed: Spread mark-ups are removed on all Phase 1 and Phase 2 accounts as part of the collaboration with EightCap.

SurgeTrader Collaboration with EightCap

  • US-Based Prop Firm: SurgeTrader, based in Florida, offers funded trading accounts ranging from $25,000 up to $1 million.
  • Partnership Details: SurgeTrader's partnership with EightCap provides access to various financial markets, including Forex, indices, commodities, stocks, and cryptocurrencies.
  • Profit Sharing: Funded traders keep 75% of the profits they earn.
  • Integration for Seamless Trading: The program includes a proprietary portal for tracking progress, customer service infrastructure, platform integration, and brokerage services provided by EightCap.

Funded Trading Plus and EightCap

  • UK-Based Firm: Funded Trading Plus offers accounts with up to $200,000 capital, scalable to $2,500,000.
  • Assessment Phases and Profit Splits: Traders can choose from different assessment phase challenges or direct funding, with rewards of up to 90% profit splits on earnings.
  • Broker Program: EightCap's broker program allows traders to earn commissions on referred customers' trading activities.

These partnerships underscore EightCap's commitment to supporting traders through collaborations with proprietary trading firms, offering funded accounts and enhanced trading experiences.

Awards and Recognition

EightCap's dedication to excellence has not gone unnoticed, as evidenced by various awards and recognition in the industry. Some of the notable accolades include:

  • Broker of the Year 2023: Global Forex Awards
  • Most Innovative Affiliate Program: Global Business Review
  • Best Crypto Broker: AtoZ Markets
  • Annual Review Award: International Business Magazine
  • Best Customer Service Broker (2021): Global Brands Magazine
  • Best Forex Trading Support (2021 and 2022): Global Forex Awards: Retail
  • Best MT4/MT5 Broker 2022: DayTrading.com
  • Forex MT4 Broker Australia 2022: International Business Magazine
  • Best Forex MT4 Broker 2020: Global Forex Awards
  • Best Forex Educational Resources: Global Forex Awards: Retail
  • Most Cryptos 2022: ForexBrokers.com

These accolades reflect EightCap's continuous efforts to provide top-notch services and support to its clients.

Conclusion

In conclusion, EightCap is a well-established player in the online trading industry with a commitment to excellence. Its regulatory compliance, funded trading programs, and numerous awards make it a compelling choice for traders looking for a reliable partner. Whether you're a seasoned trader or just starting, EightCap offers a range of opportunities to enhance your trading journey.

Frequently Asked Questions


 


 


 


 


 

FAQs

Yes, EightCap allows the use of EA on its MT4 and MT5 trading platforms. While they don't provide direct support for these automated strategies, they are available from third-party providers.

Yes, EightCap allows full scalping and hedging. However, for ASIC clients, hedging is only available to wholesale clients.

EightCap offers MetaTrader 4, MetaTrader 5, and TradingView platforms. Each platform provides a different trading experience.

Yes, EightCap provides demo accounts that allow you to familiarize yourself with the trading environment before applying for a live account. The demo account typically lasts for 30 days.

To find out about all available instruments for TradingView and other platforms, please refer to EightCap's Trading Instruments page or download the complete instrument list from their website.

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