Eightcap
Forex & CFD broker · Account opening
TC RATING
Score in progress
Our regulation-first checks
Register
Apply online with your personal details
Set up
Account type, platform, currency, leverage
Verify
Upload proof of identity and address
Fund
$100 minimum to start live trading
Thinking of opening an Eightcap account? Before you apply, it’s worth checking the account requirements, available trading platforms and verification process. This guide walks you through the steps, from registration to funding your account, so you know what to expect before you begin.
How to open an Eightcap account
Opening an Eightcap account is usually quick and can be completed online. You’ll need to register, verify your identity and deposit at least $100 to fund a live account.
Eightcap operates through entities regulated by ASIC, FCA, and CySEC, depending on your location. Read our Eightcap review to learn more about its regulation and trading conditions before opening an account.
Remember that leveraged CFD trading carries a high risk of rapid losses, so understand the risks before you start trading.
Eightcap account opening requirements
Before opening an Eightcap account, check these requirements:
Eligibility: Individual, joint and corporate accounts are available, subject to eligibility. US residents cannot apply.
Minimum deposit: $100 to start live trading.
Registration: Apply online and provide your personal details.
Account setup: Choose your available account type, platform, currency, and leverage.
Verification: Accept the terms and upload the required documents. Joint and corporate accounts may need extra details.
Requirements and options depend on your country and the Eightcap entity handling your account.
What documents do you need for Eightcap verification?
Eightcap typically requires the following documents to verify your identity and address:
Proof of identity
Passport, national ID or driving licence.
Proof of address
Bank statement, utility bill or government-issued document showing your address.
How Eightcap account verification works
Eightcap checks your application and documents to meet its KYC and AML requirements. If any details are missing or unclear, you may need to provide further information. Once your account is verified and activated, you can fund it and begin trading. Processing times vary, so check Eightcap’s official website for the latest verification guidance.
How long does Eightcap verification take?
Eightcap verification is usually quick and may be completed within a day. However, it can take longer if additional checks or documents are needed. Check Eightcap’s official website for the latest verification guidance.
Eightcap account types: Standard vs Raw vs TradingView
Eightcap offers different account types to suit different trading preferences. The main differences are the spreads, commissions and available charting tools.
| Account type | Spreads | Commission | Key feature |
|---|---|---|---|
| Standard | From 1.0 pip | No commission | Simple pricing |
| Raw | From 0.0 pips | $3.50 per side ($7 round turn) per standard lot for USD accounts | Tighter spreads with commission |
| TradingView | From 1.0 pip | No commission | TradingView charting integration |
The spreads shown are minimums, not average spreads, and actual spreads can vary with market conditions. Commission rates may also vary by account currency.
Which account should you choose?
Standard and TradingView offer commission-free pricing, while Raw may suit experienced or high-volume traders who prefer tighter spreads and are comfortable paying commission. TradingView is worth considering if you want its advanced charting tools.
What is the minimum deposit for an Eightcap account?
Eightcap requires a minimum first deposit of $100 to start live trading. You’ll need to fund your account before you can trade with real money. Deposits made in a currency different from your account’s base currency may incur conversion costs.
Which Eightcap account is best for beginners?
The Standard account may suit beginners because it has commission-free pricing and is relatively simple to understand. It’s sensible to practise with an Eightcap demo account before risking real money. Remember, CFDs are high-risk products, and most retail investor accounts lose money when trading CFDs.
Does Eightcap accept traders from your country?
Eightcap does not accept US residents due to regulatory restrictions. Eligibility and account protections depend on your country and the entity handling your account.
Eightcap demo account vs live account
Demo account
Funds Virtual
Risk No real money at risk
Live account
Funds Real deposits
Risk Risk of losing money
An Eightcap demo account lets you practise using virtual funds, without risking real money. A live account involves real deposits and the risk of losing money. Beginners should consider practising on a demo account first before deciding whether to trade leveraged CFDs.
Pros and cons of opening an Eightcap account
Pros
Cons
Conclusion
Opening an Eightcap account is straightforward, but you’ll need to meet the eligibility requirements, verify your identity and deposit at least $100 to start live trading. Check the account type, fees and regulatory protections available in your country before applying. If you’re new to trading, practise with a demo account first and understand the risks of leveraged CFDs, where losses can happen quickly.
Pro Tip
Before funding your Eightcap account, verify your documents and practise with a demo account to understand how CFD trading works.
Frequently Asked Questions
1. How do I open an Eightcap account?
Register online, choose an available account type and platform, submit your details and complete identity verification.
2. What documents do I need to open an Eightcap account?
You typically need a valid passport, national ID or driving licence, plus proof of address, such as a bank statement or utility bill.
3. How long does Eightcap account verification take?
Verification is usually quick and may take less than a day, but additional checks can cause delays.
4. What is the minimum deposit for an Eightcap account?
The minimum first deposit for live trading is $100.
5. Can I open an Eightcap account online?
Yes, you can register online through Eightcap’s official website.
6. Which Eightcap account is best for beginners?
The standard account may suit beginners because it offers commission-free pricing. Practising with a demo account first is recommended.
7. Does Eightcap offer a demo account?
Yes, you can practise trading with virtual funds without risking real money.
8. Does Eightcap verify your identity?
Yes, Eightcap typically checks your identity and address to meet its KYC and AML requirements.
9. Can I open an Eightcap account from my country?
Eligibility depends on your country and the Eightcap entity handling your account. US residents cannot open an account.
10. Can I open an Eightcap account without making a deposit?
You can register and complete verification without depositing money. However, you need to fund your live account with at least $100 to start live trading.
