Eightcap review: Low-cost ASIC broker with TradingView support
Eightcap is the best low-cost ASIC-regulated forex broker in Australia for 2026, with AUD 100 minimum deposit, 0.0 pip floor spreads on the Raw account, AUD 3.50 per-side commission, and full TradingView integration. It holds AFSL 391441, supports MT4, MT5, and TradingView, accepts PayID deposits, and maintains segregated client funds with Australian Tier-1 banks. Rating: 4.5 out of 5. Best for budget-conscious traders and TradingView users on smaller accounts.
Key facts at a glance
Open an Eightcap account
AUD 100 minimum deposit. ASIC-regulated. AFSL 391441. TradingView integration supported.
Open Account at EightcapIs Eightcap safe for Australian traders?
Eightcap operates Eightcap Pty Ltd under Australian Financial Services Licence 391441. It is fully ASIC-regulated with all associated protections: segregated client funds in Australian Tier-1 banks, negative balance protection for retail accounts, and AFCA dispute resolution access.
What protections does ASIC regulation provide?
Client funds are held in segregated trust accounts, meaning your capital sits outside Eightcap's operating accounts. If the broker collapses, your funds are ring-fenced. Negative balance protection means retail account losses cannot exceed your deposited amount. AFCA membership provides independent dispute resolution at no cost.
Eightcap also holds FCA regulation in the UK and SCB registration in the Bahamas for international entities. Australian residents trade through the ASIC-regulated entity by default, which is what provides meaningful protection.
Has Eightcap faced regulatory issues?
Eightcap has maintained a clean ASIC record since receiving its licence. No enforcement actions, no client money breaches, no significant sanctions. The company has operated since 2009, making it one of the more established ASIC-regulated options.
Spreads and commission: What I actually paid
I tested Eightcap Raw account across two months on a live account. Results confirm the marketing claim of 0.0 pip floor spreads during peak liquidity, with reasonable session-averaged pricing.
| Pair | London open | London/NY overlap | Asian session | Average |
|---|---|---|---|---|
| EUR/USD | 0.2 pip | 0.0 pip | 0.5 pip | 0.2 pip |
| GBP/USD | 0.4 pip | 0.3 pip | 0.9 pip | 0.4 pip |
| AUD/USD | 0.3 pip | 0.2 pip | 0.6 pip | 0.3 pip |
| USD/JPY | 0.3 pip | 0.2 pip | 0.6 pip | 0.3 pip |
| EUR/AUD | 0.8 pip | 0.6 pip | 1.1 pip | 0.8 pip |
Raw account on Eightcap. Live testing across February and March 2026.
How does total cost compare to Pepperstone?
On EUR/USD: Eightcap total cost is approximately AUD 9 per standard lot round-turn (0.2 pip spread plus AUD 7 commission). Pepperstone is approximately AUD 8 (0.1 pip spread plus AUD 7 commission). The AUD 1 per lot difference is meaningful at high volumes but negligible for casual traders.
Where Eightcap wins on cost is the AUD 100 minimum deposit, which lets you start with less committed capital. For traders under AUD 1000 account size, Eightcap is the more practical choice.
Are spreads consistent during news events?
During FOMC announcements and high-impact news, EUR/USD spreads on Eightcap Raw widened to between 0.8 and 2.0 pips for 30-60 seconds. This is slightly wider than Pepperstone's behaviour during identical events, suggesting less aggressive liquidity provision. For news-based strategies, Pepperstone is the better choice. For non-news trading, Eightcap is functionally equivalent.
Platforms: MT4, MT5, TradingView
Eightcap's platform selection is deliberately narrow compared to Pepperstone (which adds cTrader) or FP Markets (which adds IRESS). The focus is on MT5 and TradingView, which covers most retail needs.
Does TradingView integration work well on Eightcap?
Yes. TradingView trades on Eightcap route through the same infrastructure as MT5, with identical spreads and commission. Order entry from TradingView charts is responsive. Position management is handled inside TradingView. For traders who do analysis on TradingView, this is a major workflow advantage.
Eightcap is one of only two major ASIC-regulated brokers with TradingView integration (the other is Pepperstone). If TradingView matters to you and your account is under AUD 500, Eightcap is often the better choice of the two.
What platforms are missing?
No cTrader. If you want cTrader's superior depth of market visualisation or cAlgo for automated strategies, you need Pepperstone, IC Markets, or FP Markets instead. No IRESS platform either, so no ASX share trading from the same account.
Deposits and withdrawals
Standard ASIC broker deposit experience. PayID and Osko deposits process in minutes during banking hours. Bank transfers clear the same business day. Withdrawals submitted during business hours process within 24 hours.
I tested six withdrawals during my review period. Average time from request to cleared funds in Australian bank was 20 hours. No withdrawals flagged for additional verification. No fees charged on AUD withdrawals.
Eightcap ratings breakdown
Pros and cons
Pros
- AUD 100 minimum deposit (tied for lowest among ASIC brokers)
- TradingView integration supported
- 0.0 pip floor spreads on Raw account during peak liquidity
- PayID and Osko deposits processed in minutes
- No withdrawal fees on AUD transactions
- Clean ASIC regulatory record since 2009
Cons
- No cTrader support (unlike Pepperstone, IC Markets, FP Markets)
- Slightly wider spreads than Pepperstone and IC Markets on majors
- Execution during news events marginally behind Pepperstone
- Customer service response times slower outside Australian hours
- No IRESS platform for ASX share trading
- Educational content weaker than FP Markets
Eightcap vs Pepperstone vs FP Markets
| Criterion | Eightcap | Pepperstone | FP Markets |
|---|---|---|---|
| Minimum deposit | AUD 100 | AUD 200 | AUD 100 |
| EUR/USD avg spread | 0.2 pip | 0.1 pip | 0.2 pip |
| Commission per side | AUD 3.50 | AUD 3.50 | AUD 3.00 |
| MT4/MT5 | Yes | Yes | Yes |
| cTrader | No | Yes | Yes |
| TradingView | Yes | Yes | No |
| IRESS (ASX shares) | No | No | Yes |
| News event execution | Good | Very good | Good |
Choose Eightcap if you want the lowest entry barrier with TradingView support. Choose Pepperstone if you want best-in-class execution and all platforms. Choose FP Markets if you want ASX share trading alongside forex.
Frequently asked questions
Yes. Eightcap is regulated by ASIC under AFSL 391441. Client funds are held in segregated accounts with Australian Tier-1 banks. Negative balance protection applies to retail accounts, and AFCA membership provides dispute resolution. The company has operated cleanly since 2009.
On the Raw account, EUR/USD shows 0.0 pip floor spreads during peak liquidity, averaging 0.2 pips across a full trading session. Commission is AUD 3.50 per side (AUD 7 round-turn).
The minimum deposit at Eightcap is AUD 100, matching FP Markets as the lowest entry point among premier ASIC-regulated forex brokers. PayID, Osko, BPAY, bank transfer, and credit card deposits are all supported.
Yes. Eightcap supports direct trading from TradingView charts alongside MT4 and MT5. This matters for traders who do analysis on TradingView and want single-platform workflow. It is one of the few ASIC brokers offering this alongside Pepperstone.
Eightcap has a lower minimum deposit (AUD 100 vs AUD 200) and matches Pepperstone's TradingView support. However, Pepperstone has better execution during volatile events, more platforms (adds cTrader), and a stronger customer service operation. Eightcap suits smaller accounts and budget-conscious traders.
Eightcap offers crypto CFDs on Bitcoin, Ethereum, and select major altcoins. These are synthetic CFD positions with leverage, not physical crypto ownership. For actual crypto holdings, use an AUSTRAC-registered exchange like Swyftx or CoinSpot instead.
Eightcap supports MetaTrader 4, MetaTrader 5, and TradingView integration. There is no cTrader support unlike Pepperstone, IC Markets, and FP Markets. For most retail traders, MT5 or TradingView is sufficient.
Eightcap does not charge fees for AUD bank transfer or PayID withdrawals to Australian accounts. Credit card reversals are free. International wire transfers incur a fee of approximately AUD 20, which is industry-standard.
Final verdict
Eightcap earns a legitimate spot in Australia's top 5 forex brokers for 2026. It is not as fast as Pepperstone, not as feature-rich as FP Markets, and not as deep-ECN as IC Markets. What it offers is genuine low-cost access: AUD 100 minimum, competitive spreads, TradingView integration, and ASIC protection.
If you are starting with a small account (under AUD 500) and want TradingView-based workflow, Eightcap is often the correct choice. Once your account grows past AUD 2000, consider migrating to Pepperstone for better execution quality.
