Eightcap
Long-term trading
TC RATING
Score in progress
Our regulation-first checks
The full regulation-first checks are in our main Eightcap review.
Long-term or position trading means holding a trade for weeks or months rather than closing it within the same day. That makes overnight financing an important part of the overall trading cost. While the entry spread or commission is charged when you open a position, swap or overnight charges can continue for each night the trade remains open.
This guide explains how Eightcap long-term trading costs work, what to check before holding a position, and how its platforms, leverage and risk-management tools fit longer-term positions. Eightcap is not yet fully TC Rated, with its review marked Score in progress. For the full regulation and safety picture, see our Eightcap review.
Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Consider whether you understand how CFDs work and whether you can afford to take the risk.
What makes a broker suitable for long-term trading?
Long-term trading is not just about finding a low spread. When a position stays open for weeks or months, several other factors can affect the overall cost and practicality of holding it.
Overnight costs can add up
Most leveraged positions can incur an overnight financing charge, commonly called swap. This is applied while a position stays open and can build up over a longer holding period.
Swap is not always negative. Depending on the trade instrument and interest-rate difference involved, it can be either a charge or a credit.
Check the trading platform
A position held for months needs more than competitive pricing. You should be able to access your account, monitor the trade and manage orders when needed. Platform stability and reliable access therefore matter for long-term positions.
Know who holds your account
The legal entity behind your account is also important. Different entities can have different regulators and client protections. Before depositing, check which entity you are signing up with and what protections apply to your account.
Look at the full holding cost
The spread is only the starting point. For long-term positions, look at overnight financing, swap fees, leverage, platform access and account protections alongside the initial trading cost. This gives you a clearer picture of what holding a position for weeks or months could involve.
Eightcap trading conditions for long-term positions
Eightcap offers different account structures, so the cost of opening a long-term position depends on the account you choose.
| Entry cost by account | ||
|---|---|---|
| Account | Spreads from | Commission |
| Raw account | 0.0 pips | $3.50 per side per lot, equal to $7 round turn per standard lot |
| Standard account | 1.0 pip | Commission-free |
| TradingView account | 1.0 pip | Commission-free |
- Minimum deposit: $100. The amount you need to start is explained in our Eightcap minimum deposit guide.
- Spread information: Eightcap publishes as low as spread figures rather than a published average spread. These minimums should therefore not be treated as the spread you will always receive.
- Long-term cost: the entry cost can be identified from the account’s spread or commission, but the full cost of keeping a position open also depends on any applicable overnight financing.
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Eightcap overnight and swap costs
If you keep an Eightcap position open past the daily trading session, overnight funding or swap can apply. The charge is set per instrument and can differ between long and short positions. Swap rates can change, so there is no single figure that applies to every trade.
Where to check your swap
1. Before holding a position overnight, check the exact instrument’s current swap terms in Eightcap’s contract specifications or overnight funding information.
2. On MT4 or MT5, you can also check the instrument’s Symbol Specification to see the applicable long and short swap details.
3. For a long-term position, check these figures before opening the trade rather than relying on a general swap estimate.
How Eightcap fees affect long-term trades
For long-term trades, it is important to separate the cost of opening a position from the cost of keeping it open.
Cost of opening
Spread or commission
With the Raw account, the stated commission is charged when you open and close a trade. The Standard account has no separate commission, as the trading cost is included in the spread.
Cost of keeping it open
Overnight financing
Overnight financing can continue while the position stays open, so holding a trade for weeks or months can mean more holding costs.
Eightcap publishes minimum spreads rather than an average spread, so these figures cannot be used to estimate the exact cost of holding a position long term. The Eightcap fees and spreads guide covers its commissions and trading costs in more detail.
Eightcap platforms for position trading
Eightcap supports four platforms, each offering different tools for analysing markets and managing longer-term positions. Beginners can explore the available tools using an Eightcap demo account before committing funds.
MetaTrader 4
Charts, indicators, Expert Advisors (EAs) and alerts
MetaTrader 5
Charts, technical indicators, Expert Advisors (EAs) and alerts
TradingView
Advanced charting, drawing tools and price alerts
TradeLocker
Charting, indicators and Stop Loss/Take Profit management
These tools support the trading process but do not guarantee results.
Risk management tools for long-term traders
When you hold a trade for weeks or months, knowing how to manage the position becomes important. Here are the main tools to understand:
Stop-loss
You can set a price at which the position will close if the market moves against you.
Take-profit
You can set a target price where the position will close automatically.
Trailing stop
This can follow the market as the price moves in your favour and close the position if the market reverses.
Position sizing
This is simply how much you choose to trade. The size of a position can affect how much you gain or lose when the market moves.
Negative balance protection
Where it applies, this can prevent a retail CFD account from going below zero. Check which terms apply to your Eightcap account.
Eightcap leverage and long-term trading risk
Leverage can make both market movements and holding costs more significant when you keep a position open for a long time.
ASIC, FCA and CySEC retail
30:1 on major FX
Under ASIC, FCA and CySEC-style retail rules, major FX is generally capped at 30:1.
Offshore entities
Up to 1:500
Eightcap also offers up to 1:500 leverage through offshore entities. This is not the standard leverage available to regulated retail clients.
Higher leverage lets you take larger positions with less capital, increasing both gains and losses. For long-term trades, financing costs can also add up, so check the entity, leverage and financing terms that apply to your account.
Eightcap markets and assets for position trading
Eightcap offers 800+ CFD markets, including:
Crypto trading is CFD-only, so you do not own the underlying cryptocurrency. Availability depends on your location and account entity, with crypto CFDs restricted for UK retail clients.
Eightcap long-term trading: Pros and cons
Here are the pros and cons to consider while holding positions long-term:
PROS
CONS
Who should consider Eightcap for long-term trading?
Eightcap could be an option for traders who want to hold positions for longer periods and are comfortable checking the costs and account terms first. New traders should understand the risks before starting. Our guide to making money with Eightcap as a beginner explains the risks and costs to consider
Conclusion
Eightcap can be used for long-term positions, but overnight financing is one of the key costs to check. Swap costs vary by instrument, so checking the specific rate before holding a position for weeks or months is important. Also check which Eightcap entity holds your account and what terms apply.
Pro Tip
Before holding an Eightcap position long term, check the instrument’s swap in MT4 or MT5 for both long and short positions. These daily costs can add up over time and are separate from the headline spread.
Frequently Asked Questions
1. Is Eightcap suitable for position trading?
Eightcap supports positions that can be held for longer periods. The main point to check is the overnight swap cost for the specific instrument.
2. How do Eightcap swap fees affect long-term trades?
Swap can be applied while a position remains open overnight. Over weeks or months, these daily costs can add up and affect the overall cost of holding the trade.
3. Does Eightcap charge overnight fees on CFD positions?
Overnight financing or swap can apply to CFD positions held past the daily cutoff. The cost depends on the instrument and position direction.
4. Can you hold forex positions overnight with Eightcap?
Yes, Forex positions can be held overnight, but applicable swap or financing costs may apply.
5. What are the risks of holding CFDs long term with Eightcap?
Long-term CFD positions can be affected by market movements, leverage and accumulating overnight financing costs.
6. Does Eightcap offer tools for managing long-term positions?
Yes, Eightcap supports MT4, MT5, TradingView and TradeLocker, which provide tools for analysing markets and managing positions.
7. Is Eightcap better for short-term or long-term trading?
Eightcap supports both short-term and long-term positions. For longer trades, however, overnight swap costs become an important factor to check.
8. How can traders reduce overnight costs with Eightcap?
Check the swap for the specific instrument before opening the trade. Comparing the long and short swap figures shows how the potential holding cost differs by position direction.
9. What should you check before holding an Eightcap position long term?
Check the instrument’s current swap, which Eightcap entity holds your account, the applicable leverage and whether the expected holding cost fits your planned holding period.
10. Is Eightcap suitable for long-term forex strategies?
Eightcap offers forex CFDs that can be held for longer periods. Before holding a position, check the instrument’s swap and the terms that apply to your account.
