Eightcap review: Low-cost ASIC broker with TradingView support
Eightcap is a credible low-cost ASIC-regulated forex broker, 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. For Australian traders, the stronger choice head-to-head is Pepperstone: same Melbourne base, no minimum deposit (vs Eightcap AUD 100), tighter raw spreads (0.1 vs 0.2 pip on EUR/USD), broader platform set including cTrader, and stronger news-event execution. Pepperstone wins on every variable that affects the trading outcome, including the entry-capital floor.
Key facts at a glance
- Regulator:
- ASIC (AFSL 391441), plus FCA and SCB
- Headquarters:
- Melbourne, Australia
- Founded:
- 2009
- Minimum deposit:
- AUD 100
- EUR/USD spread (Raw):
- 0.2 pip average, 0.0 pip floor
- Commission (Raw):
- AUD 3.50 per side, AUD 7 round-turn
- Platforms:
- MT4, MT5, TradingView integration
- Instruments:
- Forex, indices, commodities, crypto CFDs, shares
- AU deposits:
- PayID, Osko, BPAY, bank transfer, credit card
Is 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.
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). For TradingView-anchored traders, Pepperstone is the stronger of the two: it now matches Eightcap on TradingView feature parity but starts at no minimum deposit (vs Eightcap AUD 100), has tighter raw spreads on EUR/USD, and adds cTrader to the platform set. Eightcap remains a credible AUD 100 entry alternative if you specifically want the additional FCA + SCB regulatory backstops on top of ASIC.
What platforms are missing?
No cTrader. If you want cTrader's superior depth of market visualisation or cAlgo for automated strategies, Pepperstone or FP Markets deliver that on a single login. No IRESS platform either, so no ASX share trading from the same account. For the full Australian landscape, see the best forex brokers Australia ranking.
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.
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 0 | 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 |
Risk warning: Trading CFDs and FX carries significant risk and is not suitable for everyone.
Pepperstone now holds the lowest entry barrier of the three (AUD 0 vs Eightcap AUD 100 vs FP Markets AUD 100), the tightest spread, the broadest platform set, and the strongest news-event execution. Choose Pepperstone for the across-the-board win. Choose Eightcap if you specifically want FCA + SCB regulatory backstops on top of ASIC at the AUD 100 entry tier. Choose FP Markets if you want ASX share trading alongside forex via IRESS.
For the full Pepperstone vs Eightcap head-to-head with spread maths modelled at realistic volume profiles, multi-jurisdiction regulator framing, and use-case-by-use-case wins, see the Pepperstone vs Eightcap comparison.
Final verdict
Eightcap is a legitimate ASIC-regulated broker with competitive raw-spread pricing, TradingView integration, and a clean compliance record. It is not as fast on news-event execution 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 at the AUD 100 entry tier, with FCA and SCB regulatory backstops on top of ASIC.
The practical recommendation: Pepperstone is the stronger choice for Australian retail traders in 2026 on a head-to-head basis. Same Melbourne base, but with no minimum deposit (vs Eightcap AUD 100, removing the entry-capital floor entirely), tighter raw spreads (0.1 vs 0.2 pip on EUR/USD), broader platform set (adds cTrader to MT4 / MT5 / TradingView), and stronger execution during news events. Eightcap is a perfectly safe broker; it is just not the better choice when the two are compared directly.
For the wider field, see the Best Forex Brokers Australia 2026 ranking and the Pepperstone vs Eightcap head-to-head for the full side-by-side spreads, platform, and execution comparison.
Frequently asked questions
Yes, and the multi-jurisdiction regulatory backstop is the differentiator most other AUD 100-tier brokers cannot match. Eightcap Pty Ltd holds AFSL 391441 with a clean ASIC record since 2009 (16 years of continuous Melbourne-based operation, no enforcement actions, no client-money breaches), and stacks FCA (UK) and SCB (Bahamas) authorisations on top of ASIC for international entities - an unusually deep regulatory footprint for a broker at the AUD 100 minimum-deposit tier. Client funds sit in segregated trust accounts with Australian Tier-1 banks, retail accounts have negative balance protection, and AFCA membership covers dispute escalation.
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, letting traders execute orders without leaving the TradingView interface. Eightcap is one of the only ASIC-regulated forex brokers offering native TradingView execution, alongside Pepperstone. The feature is particularly useful for chart-driven traders who want to maintain their TradingView workflow while accessing ASIC-regulated trade execution.
Pepperstone wins the head-to-head on every variable that affects the trading outcome. Pepperstone has no minimum deposit versus Eightcap's AUD 100, removing the entry-capital floor entirely and matching the most-accessible tier in the AU market. Raw spreads are tighter (0.1 vs 0.2 pip on EUR/USD), the platform set is broader (adds cTrader to MT4 / MT5 / TradingView), execution during high-impact news events is measurably better (~5 percentage points higher fill rate), and the customer support operation is stronger. Eightcap matches Pepperstone on TradingView integration and adds FCA + SCB regulators on top of ASIC, but those marginal differentiators do not outweigh the spread, platform, deposit, and execution gaps.
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 (MT4), MetaTrader 5 (MT5), and direct trading from TradingView charts. The platform stack covers most retail forex trader needs but lacks cTrader, which Pepperstone, IC Markets and FP Markets all support. For traders who specifically want cTrader's depth-of-market and faster execution, Eightcap is not the right choice.
Eightcap does not charge fees for AUD bank transfer or PayID withdrawals to Australian accounts. International wire transfers incur a fee of approximately AUD 20, which is industry-standard.
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