My Review of Eightcap Platform in Canada (July 2025)

My opinion on Eightcap

Last update: July 9, 2025

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4.4

Score

4.4

Score

P. LauroreFinance expert

Eightcap stands out as a regulated multi-asset broker offering competitive spreads and low commissions, a wide selection of CFD instruments (including stocks, ETFs, indices, commodities, and 250+ crypto CFDs), and robust trading tools through MT4, MT5, and TradingView.
With transparent fee structures (EUR/USD spreads from 0.0 pips on Raw accounts plus $3.5/lot), an accessible minimum deposit ($100), and fast order execution, Eightcap provides strong value, particularly to those looking to trade both traditional and crypto markets from Canada.
Founded in 2009 and trusted by 80,000+ traders globally, Eightcap enjoys a solid reputation backed by multi-jurisdiction regulation (FCA, ASIC, SCB) and a 4.3/5 Trustpilot score based on over 1,500 reviews.
Relative to other brokers, Eightcap excels with its large crypto CFD offering, tight FX spreads, and seamless TradingView integration, although it caters mainly to CFD traders rather than those seeking spot crypto or staking features.
According to my experience, Eightcap best serves the following types of traders:
➡️ Beginners who value user-friendly platforms, a low minimum deposit, free demo accounts, and responsive support. The straightforward KYC process and educational account types help newcomers start trading CFDs, Forex, or crypto with guidance and control.
➡️ Intermediate traders who require access to advanced charting, automated trading (via EAs or TradingView), and a broad range of markets to diversify their strategies. Eightcap’s competitive pricing and flexible platform choices align well with traders developing more sophisticated approaches.
➡️ Advanced and active traders who prioritize raw spreads, lightning-fast execution, low slippage, and wish to operate across multiple asset classes (FX, indices, crypto, stocks). Access to API tools and Multi-regulation ensures reliability, while high-volume clients benefit from cost efficiency and platform depth.

Pros

• ✅Regulated by FCA, ASIC, and SCB for strong client protection
• ✅800+ CFDs on FX, stocks, ETFs, indices, commodities, and 250+ crypto assets
• ✅Ultra-competitive spreads: from 0.0 pips on majors (Raw account), low commissions ($3.5/lot per side)
• ✅Choice of powerful trading platforms: MT4, MT5, and seamless TradingView integration
• ✅Fast executions, low slippage, and comprehensive order types
• ✅No deposit, withdrawal, or account management fees from Eightcap
• ✅Free 30-day demo accounts for practicing strategies
• ✅Responsive, multilingual customer support via live chat, email, and phone (24/5)

Cons

• ❌CFD trading only: no buying or transferring real/spot crypto or fiat
• ❌Islamic (swap-free) accounts not available for Canadian users
• ❌No direct, built-in copy trading solution (third-party integration only)
• ❌No crypto staking, earning, or wallet features

Discover the broker

4.4

Score

4.4

Score

ProsCons

• ✅Regulated by FCA, ASIC, and SCB for strong client protection
• ✅800+ CFDs on FX, stocks, ETFs, indices, commodities, and 250+ crypto assets
• ✅Ultra-competitive spreads: from 0.0 pips on majors (Raw account), low commissions ($3.5/lot per side)
• ✅Choice of powerful trading platforms: MT4, MT5, and seamless TradingView integration
• ✅Fast executions, low slippage, and comprehensive order types
• ✅No deposit, withdrawal, or account management fees from Eightcap
• ✅Free 30-day demo accounts for practicing strategies
• ✅Responsive, multilingual customer support via live chat, email, and phone (24/5)

My opinion on Eightcap

Last update: July 9, 2025

P. LauroreFinance expert

Pros

• ✅Regulated by FCA, ASIC, and SCB for strong client protection
• ✅800+ CFDs on FX, stocks, ETFs, indices, commodities, and 250+ crypto assets
• ✅Ultra-competitive spreads: from 0.0 pips on majors (Raw account), low commissions ($3.5/lot per side)
• ✅Choice of powerful trading platforms: MT4, MT5, and seamless TradingView integration
• ✅Fast executions, low slippage, and comprehensive order types
• ✅No deposit, withdrawal, or account management fees from Eightcap
• ✅Free 30-day demo accounts for practicing strategies
• ✅Responsive, multilingual customer support via live chat, email, and phone (24/5)

Cons

• ❌CFD trading only: no buying or transferring real/spot crypto or fiat
• ❌Islamic (swap-free) accounts not available for Canadian users
• ❌No direct, built-in copy trading solution (third-party integration only)
• ❌No crypto staking, earning, or wallet features

Discover the broker

4.4

Score

4.4

Score

ProsCons

• ✅Regulated by FCA, ASIC, and SCB for strong client protection
• ✅800+ CFDs on FX, stocks, ETFs, indices, commodities, and 250+ crypto assets
• ✅Ultra-competitive spreads: from 0.0 pips on majors (Raw account), low commissions ($3.5/lot per side)
• ✅Choice of powerful trading platforms: MT4, MT5, and seamless TradingView integration
• ✅Fast executions, low slippage, and comprehensive order types
• ✅No deposit, withdrawal, or account management fees from Eightcap
• ✅Free 30-day demo accounts for practicing strategies
• ✅Responsive, multilingual customer support via live chat, email, and phone (24/5)

Eightcap stands out as a regulated multi-asset broker offering competitive spreads and low commissions, a wide selection of CFD instruments (including stocks, ETFs, indices, commodities, and 250+ crypto CFDs), and robust trading tools through MT4, MT5, and TradingView.
With transparent fee structures (EUR/USD spreads from 0.0 pips on Raw accounts plus $3.5/lot), an accessible minimum deposit ($100), and fast order execution, Eightcap provides strong value, particularly to those looking to trade both traditional and crypto markets from Canada.
Founded in 2009 and trusted by 80,000+ traders globally, Eightcap enjoys a solid reputation backed by multi-jurisdiction regulation (FCA, ASIC, SCB) and a 4.3/5 Trustpilot score based on over 1,500 reviews.
Relative to other brokers, Eightcap excels with its large crypto CFD offering, tight FX spreads, and seamless TradingView integration, although it caters mainly to CFD traders rather than those seeking spot crypto or staking features.
According to my experience, Eightcap best serves the following types of traders:
➡️ Beginners who value user-friendly platforms, a low minimum deposit, free demo accounts, and responsive support. The straightforward KYC process and educational account types help newcomers start trading CFDs, Forex, or crypto with guidance and control.
➡️ Intermediate traders who require access to advanced charting, automated trading (via EAs or TradingView), and a broad range of markets to diversify their strategies. Eightcap’s competitive pricing and flexible platform choices align well with traders developing more sophisticated approaches.
➡️ Advanced and active traders who prioritize raw spreads, lightning-fast execution, low slippage, and wish to operate across multiple asset classes (FX, indices, crypto, stocks). Access to API tools and Multi-regulation ensures reliability, while high-volume clients benefit from cost efficiency and platform depth.

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Why trust Hellosafe?

I put Eightcap to the test by actually opening and funding an account, trying out both MT4, MT5, and TradingView platforms, and trading a range of CFDs—especially in forex, stocks, indices, and crypto. I looked closely at their spreads, commissions, and deposit and withdrawal times to get a sense of what it’s like for everyday and advanced traders.

I compared Eightcap’s tools, trading conditions, and overall experience with other regulated brokers offering crypto and CFD trading to Canadians. That meant looking at not just costs, but also customer support quality, account setup, and how easy or difficult it was to navigate for both new and experienced users.

All my impressions come from direct, hands-on experience—not just reading about Eightcap or relying on marketing claims. I focused on reliability, platform strengths, and areas where it might fall short compared to the competition, so you get a real-world assessment that’s honest and practical.

Eightcap at a glance

Security & Regulation

Eightcap stands out for its robust regulatory framework, holding licenses from major tier-1 bodies such as the FCA (UK) and ASIC (Australia), in addition to being regulated by the SCB in the Bahamas. This multi-jurisdictional oversight inspires considerable confidence in how client accounts and operational processes are handled. Client funds are segregated from the company’s assets, contributing to a reliable foundation for asset protection, though direct cold storage or proof-of-reserves for crypto does not apply given its exclusive use of CFDs for digital assets.

For risk control, Eightcap provides the standard suite of tools expected from a leading CFD broker, including negative balance protection, two-factor authentication, and the full range of essential order types. Its reputation is well-established, supported by a positive Trustpilot score and a history of dependable service across global markets. The absence of local Canadian regulation and crypto custody is notable, but overall, I consider Eightcap secure and above average for both retail forex and CFD trading.

Fees, Spreads & Commissions

Eightcap provides two main account types—Standard and Raw—each with a distinct fee model suited to different trading styles. The Raw account stands out for scalpers and high-frequency traders, featuring spreads from 0.0 pips on major forex pairs and a fixed $3.5 commission per lot per side. By comparison, the Standard account offers commission-free trading with slightly wider spreads, starting from 1.0 pip on majors. This dual structure makes Eightcap competitive with leading global CFD brokers and helps traders match their cost profile to their strategy.

CFD trading on stocks and ETFs comes with tight spreads and, for standard accounts, no explicit commission. On the Raw account, there’s a clear commission of $3.5 per lot per side—an effective rate that sits at or below the industry standard for direct-market CFD access. Overnight swap rates (holding costs) apply and are in line with other international MT4/MT5 brokers, so those who maintain positions overnight should monitor these charges through the Eightcap platform.

Cryptocurrency trading is available exclusively via CFDs—a notable advantage given the access to 250+ pairs. Spreads for crypto CFDs (such as BTC/USD) start from about 12 pips, which is within the expected range for CFD brokers but higher than spot exchanges. No extra custody or transfer fees are applicable, making crypto trading costs transparent and easy to factor into risk management, although overnight swap charges do apply on leveraged positions.

On the operational and transactional side, the lack of deposit or withdrawal fees on Eightcap’s end is a plus, reducing the risk of hidden costs. Inactivity fees are not disclosed, which is notable, but otherwise the cost transparency and structure are above average for an international broker. Currency conversion charges may apply for CAD deposits or when trading non-USD pairs, a typical fee of 0.5%–1% that should be kept in mind by Canadian traders.

What are the account-related fees?

Tip

Use the Raw account for active forex or index trading, where tight spreads and reduced slippage maximize your savings—even after commission. Otherwise, the Standard account makes sense for lower-volume or long-term strategies with simpler cost tracking.

What are the fees on stocks and ETFs?

Stock and ETF trading at Eightcap is available solely through CFDs. The fee structure is attractive: Raw account users pay $3.5 commission per lot per side and benefit from tight spreads, while Standard account users benefit from zero commission and slightly wider spreads. There are no custody fees or UK stamp duty, and all open CFD positions incur an overnight fee if held beyond daily settlement.

What are the fees on cryptocurrencies?

Crypto trading via Eightcap is delivered as CFDs, with spreads starting from approximately 12 pips for BTC/USD and generally no additional commission fees. There are no custody or blockchain transfer fees, but as with all leveraged crypto CFD positions, overnight funding fees apply for positions held past daily close.

What are the fees on CFDs?

Eightcap’s CFD pricing is highly competitive for frequently traded instruments such as forex majors, popular indices, and commodities. Raw spreads are among the narrowest available, and overnight fees are disclosed directly on the trading platforms. Spreads for stocks, indices, and crypto CFDs remain industry-standard or better, offering a well-balanced structure for multi-asset traders.

Assets & Markets

Eightcap offers a diverse set of markets, with particular strength in its range of stock CFDs and cryptocurrency CFDs. I am impressed by the access to over 600 individual stock CFDs and more than 80 ETF CFDs, which provides broad sector coverage and exposure to major global companies through leveraged instruments. For Canadian users interested in equity markets without the obligation of direct share ownership, this presents an efficient, accessible trading route.

The platform stands out for its crypto CFD selection, boasting 250+ digital assets. This level of crypto diversity is uncommon among multi-asset CFD brokers, making Eightcap attractive for crypto-focused traders or those seeking to diversify with digital assets beyond the mainstream names. That said, it's important to note that trading is via CFDs only—there are no spot crypto purchases, wallets, or staking features, which may limit appeal for those interested in longer-term crypto holding or DeFi participation.

Forex coverage is solid, with 40+ currency pairs encompassing all major and several minor and exotic crosses. I find this range competitive, supporting both classic FX strategies and more niche currency speculation. Commodities and indices are also well represented, though the absence of bonds, stablecoins, NFTs, or physical share trading does mark a limitation for users seeking full-spectrum global portfolio construction.

While the depth of CFD markets on Eightcap facilitates diverse leveraged strategies, users must be aware that access is always via derivative contracts—actual ownership of underlying assets is not possible. Those focused on physical asset holding or seeking innovative features like staking or NFT markets will find Eightcap’s offering narrower than some digital-first exchanges.

Trading Tools & Apps

Eightcap’s platform suite stands out for combining a full MetaTrader experience—both MT4 and MT5—with industry-leading TradingView integration. The MetaTrader platforms provide a familiar, highly customizable interface, offering straightforward navigation, advanced order execution, and extensive automation support through Expert Advisors (EAs) and custom scripts. Features like one-click trading and real-time account monitoring make it practical for scalpers as well as position traders.

The TradingView integration is a major asset for technical analysts. Not only does it offer superior charting with a vast range of built-in indicators, but it also allows direct trade execution on visual setups. This seamless chart-to-trade pipeline, paired with TradingView’s large social community, is particularly advantageous for those who thrive on crowd-sourced analysis and collaborative trading ideas.

On mobile, both MetaTrader apps and TradingView’s mobile solution provide reliable execution, fluid user experiences, and almost all features available on desktop. This is critical for monitoring trades and reacting to markets on the go. Order types are abundant—covering market, limit, stop-loss, take-profit, trailing stops, and OCO (One Cancels the Other) orders—which allows for layered trade and risk management across all asset classes.

Automation is a strength on Eightcap. MT4/MT5 provide full algorithmic trading capability, script writing, and API connectivity for advanced strategies. While direct copy trading or PAMM is not built in, integration with third-party tools ensures this functionality is accessible for those who require it.

For crypto, Eightcap delivers one of the widest CFD selections in the sector, but positions are always synthetic—real token purchase, wallets, staking, and earning products are not available. The platform remains focused on trading execution rather than asset holding or DeFi services, which suits traders looking for speculative opportunities over long-term crypto investment.

Tip

Use the TradingView platform to test trade ideas and indicator setups in demo mode, then transition to a live account when you are confident—this workflow preserves your strategies and analytics across desktop and mobile while minimizing execution risk.

Account Opening and Deposits

Account opening

To open an account with Eightcap, you start by completing a straightforward online registration form, where you choose your account type and preferred trading platform (MetaTrader 4, MetaTrader 5, or TradingView). You’ll be asked to fill out a regulatory questionnaire to assess your trading background and suitability, as required for compliance. The platform will then guide you to submit your identity verification documents—this includes a government-issued ID and a recent proof of address (such as a utility bill or bank statement).

After all documents are submitted, the Eightcap compliance team reviews your application. Validation typically takes less than one business day, though incomplete documents or high-volume periods may extend this window. Once your account is approved, you receive a confirmation email with login details and step-by-step funding instructions, allowing you to begin trading.

Good to know

Double-check the base currency you set at registration, as it can help you avoid unnecessary conversion fees when depositing or withdrawing funds. If you submit scans or photos, ensure all document details are clear and readable to prevent delays.

Deposits and withdrawals on Eightcap

Deposits and withdrawals on Eightcap are designed for flexibility and global accessibility. Canadian users can fund their accounts via credit or debit card, bank transfer, major e-wallets (Skrill, Neteller), Poli, and several other local or international options. All major account currencies are supported; be sure to select your preferred base currency to minimize conversion costs. Most card and e-wallet deposits are credited instantly, while bank wires can require 1–3 business days. Withdrawal requests are processed using the same available methods, with typical turnaround between one and three business days.

Eightcap does not charge deposit or withdrawal fees, though external banking or e-wallet fees may apply. The platform does not offer an integrated crypto wallet or direct fiat-to-crypto conversion—crypto trading is via CFDs only, and no digital assets or stablecoins can be transferred to or from your account.

Good to know

Always verify the exact name and details on your funding account match your Eightcap registration. For bank transfers or cross-border transactions, watch out for third-party bank fees and additional processing time.

Account Types

Eightcap is a global CFD and Forex broker that caters to Canadian traders seeking access to a broad range of asset classes—including forex pairs, commodities, indices, stocks, ETFs, and cryptocurrencies (all as CFDs). The platform stands out with transparent pricing, access to both Standard and Raw (ECN-style) accounts, and deep integration with industry-leading platforms like MetaTrader 4, MetaTrader 5, and TradingView. While staking accounts and cold storage for crypto are not offered, both casual and high-frequency traders can find an account structure suited to their style. Demo accounts are available for realistic practice, though Islamic (swap-free) and tax-advantaged accounts are not available for Canadian residents.

Tip

If you’re an active or algorithmic trader, consider the Raw ECN account for its ultra-tight spreads and competitive commission structure, especially when trading frequently. Use the demo account to test both MetaTrader and TradingView platforms so you can choose your ideal trading environment before funding a live account.

Customer reviews

Eightcap holds a Trustpilot rating of 4.3 out of 5, based on more than 1,500 user reviews. Les utilisateurs mettent en avant plusieurs aspects positifs de la plateforme, notamment :

• Easy and straightforward account opening process
• Responsive and helpful customer support team
• Competitive spreads and fast execution, especially for forex and crypto CFDs
• Wide choice of tradable assets, particularly a strong selection of crypto CFDs
• User-friendly integration with platforms like MT4, MT5, and TradingView
• Instant deposit options with no internal fees

En revanche, plusieurs points négatifs sont régulièrement évoqués dans les avis :

• No Islamic (swap-free) account option for Canadian users
• Limited educational resources compared to some competitors
• No proprietary copy trading feature, only third-party integrations
• Crypto, stock, and ETF trading is CFD-only—no direct or spot investing
• Occasional technical issues reported with platform connectivity

Voici quelques exemples représentatifs d’avis publiés sur Trustpilot :

H.G. – 06/07/2024 : “Great spreads and fast execution. Customer support is responsive and helpful.” V.L. – 29/06/2024 : “Easy account opening process and a good range of crypto CFDs.” S.B. – 12/05/2024 : “Withdrawal was processed quickly, but would like to see more educational resources.”

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.