If you are considering using a Forex broker to trade crypto derivatives, then you may be wondering whether Broker Eightcap is a good choice. This article will take a look at the benefits of this company, including the competitive offering, low-risk trading, and MT4 platform. It is important to consider investor safeguards when choosing a broker.
Trade crypto derivatives
Eightcap broker is a good choice for traders who are just beginning to trade crypto derivatives. Its user-friendly platform and helpful information resources make it easy to get started trading with crypto derivatives. It also has a good selection of cryptocurrencies. Before you sign up, read Eightcap’s FAQ to learn more about the platform and its features.
Eightcap’s crypto desk features more than 250 crypto derivatives on popular platforms MT4 and MT5. It is easy to fund your account with multiple methods and withdrawals are super-fast. Eightcap also offers the convenience of not requiring crypto wallets to trade derivatives. You can use any payment method, including bank wire, credit/debit cards, PayPal, Neteller, Skrill, and Bitcoin, for your account.
Eightcap is a well-regulated and award-winning CFD broker in Australia. The company was founded in 2009, and has since expanded its derivatives offering globally. It offers trading in FX, commodities, and shares, as well as cryptocurrency CFDs. Eightcap has received numerous awards, including the Best Forex Broker Global 2020. Moreover, it is regulated by the Australian Securities and Investment Commission, Cyprus Securities and Exchange Commission, and the Securities Commission of the Bahamas.
Eightcap offers two types of accounts: Standard and Raw. Standard accounts have zero commission and offer five base currencies. Standard accounts also have a low minimum deposit of $100. After you complete your account application, you’ll need to choose the currency, platform, and leverage that suits you. Eightcap accepts clients from most countries, with the exception of North Korea, Iran, and the Republic of Congo.
The ‘Learn’ page of Eightcap offers daily updates on the market, technical and fundamental analyses, and more. Users can also follow trending news, connect with other traders, and write their thoughts. Eightcap’s platform also offers social networks for users to share ideas.
Low-risk trading
Low-risk trading with Eightcap is a way to trade in the stock market without incurring excessive risk. This brokerage offers low-risk trading through its partnership with TradingView, a leading charting solution with over 5,000 investor-created indicators and 100 built-in indicators. Its user-friendly interface also allows users to enter positions from their charts. It also offers one of the largest social investing communities on the internet with more than 30 million registered members and active social media forums.
Eightcap provides customer support to its clients 24 hours a day, five days a week. The staff is friendly and helpful and can be contacted via phone, email, live chat, and a contact form. Customer support is also available in multiple languages. This can be important if you are having trouble with the platform or administration of the platform.
Another benefit of using Eightcap is its negative balance protection policy. This ensures that you will never lose more than your initial deposit. Its compensation scheme also offers access to compensation in the event that the broker goes out of business. Moreover, some financial regulators require brokers to offer this kind of protection.
Low-risk trading with Eightcap is possible thanks to the company’s excellent cost structure. It charges a low minimum deposit and offers a wide range of tradable instruments. You can even opt to use leverage, which can help you maximize your potential gains. However, it is essential to learn more about this strategy and its risk profile before engaging in any kind of trading with leverage. Withdrawals are processed within 24 hours, while deposits take between two and five days.
Eightcap also offers educational resources. The company’s website contains a dozen educational articles, along with a few webinars. It offers educational content on different topics, including currency exchange, forex, and CFDs. Its desktop and mobile trading platforms are user-friendly and offer a wide range of trading options.
Competitive offering
When it comes to customer service, Eightcap’s support is top-notch. The company offers customer support around the clock, and its agents are knowledgeable, friendly, and quick to respond to inquiries. You can contact them via email, telephone, live chat, and through the contact form. Eightcap also offers support in multiple languages. This is a plus, especially if you run into platform and administration issues.
Investors should also look for a negative balance protection policy. This policy prevents any negative balances from occurring in the event of adverse market movements. Additionally, a compensation scheme allows you to receive compensation if your broker goes bust. These additional safeguards are important and indicate a safe broker.
The Eightcap platform offers a good range of trading platforms and educational content. Its ‘Learn’ page offers articles on swing trading, technical analysis, and forex trading. While the articles are written for more experienced traders, it’s still worth checking out the company’s educational articles. They are brief, yet informative and updated on a daily basis.
The company has been in the financial services industry for over 12 years and has a competitive offering. The company offers MT4 and MT5 trading platforms, a large library of educational resources, and a wide range of asset offerings. It also has a range of trading pairs, with over 250 crypto derivatives.
The company also provides a low spreads and is well-established with a partner program. This partner program has been very successful for the company, and the company provides rebates and CPAs of up to $900 USD. It also offers free eBooks and guides to help you understand the nuances of trading on a crypto platform. It also offers multiple payment methods, including bank wire transfer, credit/debit cards, PayPal, Neteller, Skrill, and Bitcoin.
MT4 platform
The Eightcap MT4 platform allows you to trade in a variety of markets, including forex, indices, and shares. This platform features lightning-fast trade execution, full transparency, and fully segregated accounts. It also provides fast withdrawals and low minimum deposits. While the platform’s education center doesn’t provide as many resources as some larger competitors, it offers an easy-to-use interface and helpful material.
Eightcap offers forex and CFD trading through its MT4 platform. The broker doesn’t offer many popular assets, but it does offer a variety of popular trading platforms. It also offers CFDs for Australian, UK, and German shares. You can even receive CFD trading tips to help you find the best trades. However, you should note that CFDs are complex and carry a high risk of loss.
Users can access the platform from multiple devices, including iPhones and iPads. The mobile trading app supports the MT4 and MT5 platforms and offers the same features as the desktop platform. It can also be used from anywhere, regardless of your location, as long as you have a reliable internet connection. The platform also has free transaction charges and supports various payment methods. Most deposit methods are instant, but wire transfers can take up to 3 days.
MetaTrader 5 is a more advanced platform than MT4. It offers more customization and is available in many languages. It also offers the ability to reposition windows and tabs. However, it can feel a little dated to some users. For instance, it can be cumbersome to add a new asset to your watchlist. Additionally, while Eightcap’s one-step login is secure, two-step authentication would be more secure.
Eightcap is an international forex and CFD broker that offers the MT4 and MT5 platforms as well as an integrated WebTrader solution. The company was founded in Melbourne, Australia in 2009 and is regulated by the Australian Securities and Investment Commission and the Securities Commission of the Bahamas. Its website provides information on market trends and economic events. The site also contains market updates and analysts’ comments.
Demo account
One of the best ways to become familiar with the trading platform of a brokerage firm is to use a demo account. Demo accounts are virtual accounts that mimic real trading conditions, but do not involve any actual money. These accounts can be used for up to 90 days. After the demo period, the investor must open an account in order to make real money trades.
Eightcap provides a demo account where one can test out their products before investing real money. Demo accounts are free and allow the investor to play with virtual money without risk. The only restriction is that the amount of virtual money can’t be larger than the initial deposit. In addition, a demo account lets users test trading strategies without risking real money.
Once a client opens a demo account, they can choose the trading server they want to use for the demo. They can also customize the parameters of the demo account. After making these selections, the Demo account opens in a new window. The window will show the different trading servers. A client can open as many Demo accounts as necessary.
A demo account can be used for 30 days and provides a virtual currency worth $ 1000. It is a great way to learn the basics of forex trading without risking real money. Demo accounts are ideal for new traders as they let them see how trading works before committing to real money. They are also free to use, making them the perfect place to start learning about the forex market.
Eightcap offers free demo accounts for traders to practice using their trading platform. The demo accounts are completely free and do not involve any initial deposit or trading fees. The demo accounts are available for MetaTrader 4 and MetaTrader 5 platforms. A demo account takes just a few minutes to set up and use.
