Eightcap India

Eightcap is an established online forex and CFD broker that operates globally, including in India. This Australian-based company provides traders in India with an opportunity to trade in various financial markets around the world. Eightcap broker offers a range of services including forex trading, indices, commodities, and shares. It is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a secure trading environment for its clients. The broker is well-known for its user-friendly interface, competitive spreads, and high-quality customer service. It also provides educational resources for novice traders and advanced trading tools for experienced ones. We will learn more about the platform in this Eightcap Review in India, and what it offers to its Indian traders.

Eightcap India Review

Eightcap Account Types

  • Raw Account: This account type offered by Eightcap broker is perfect for experienced traders who are looking for tighter spreads and lower costs. The Raw account provides direct market access to more than 200 instruments and markets including Forex pairs, commodities, indices, and cryptos. The account offers low commission costs and raw spreads from 0.0 pips. 
  • Standard Account: The Standard account is suitable for both new and experienced traders. It offers full access to more than 200 financial instruments including Forex, indices, commodities, shares, and cryptocurrencies. The account comes with no commission charges and spreads starting from 1.0 pips. Traders can also access a range of educational resources to enhance their trading skills.
  • TradingView Account: This account type is specially designed for users of the TradingView platform. Traders can connect their Eightcap broker account with TradingView and trade directly from the TradingView charts. This account offers a seamless trading experience with direct market access to Forex, commodities, indices, and more. It also comes with tight spreads and low commission costs to maximize profitability.

The minimum deposit for each account type is $100.

    Eightcap Demo Account

    Eightcap is a reputable forex broker that offers a demo account for individuals interested in forex trading. The demo account provides a platform for potential traders to practice and familiarize themselves with the trading environment without any financial risk. It comes with virtual funds that simulate real money trading, allowing users to gain valuable experience in forex trading. The Eightcap demo account also provides access to real-time market prices and advanced trading tools, aiding in the development of effective trading strategies. This free-to-use platform is an excellent resource for beginners to learn the basics of trade execution, analysis, and risk management.

    Eightcap India Account Types

    Eightcap Verification Requirements in India

    If you’re an Indian trader looking to use Eightcap, you’ll need to go through a verification process to confirm your identity and residence. Here are the verification requirements:

    • Identity Verification: You need to provide a clear, color copy of a valid government-issued identification document like your passport, driving license, or PAN card. It must include your full name, date of birth, photograph, and the issue and expiry dates.
    • Address Verification: To verify your address, you need to submit a clear, color copy of a document that clearly states your name and residential address. This can be a utility bill (like electricity, gas, water, or landline telephone) or a bank or credit card statement. The document should not be more than three months old.
    • Proof of Payment Method: If you’re using a credit/debit card to make your deposits, you’ll need to provide a color copy of the front and back of the card. For your security, you can obscure the central eight digits of your card number and the CVV code at the back.
    • Declaration Form: Some brokers also require you to sign a declaration form stating that the information and documents provided are accurate and up-to-date.

    Remember, these requirements are in place to comply with international anti-money laundering laws and to protect your account from unauthorized access. Make sure all your documents are clear and legible to avoid any delays in the verification process.

      tradeable Financial Instruments in Eightcap India

      Eightcap offers a range of tradeable financial instruments for its clients. These include:

      • Forex CFDs: Also known as foreign exchange contracts for difference, these allow traders to speculate on the rising or falling prices of fast-moving global currency markets.
      • Commodity CFDs: These are contracts that mirror the performance of the underlying commodity it is based on. Commodities can be anything from precious metals like gold and silver, to agricultural products like wheat and corn.
      • Index CFDs: This type of CFD allows traders to speculate on the price movement of an entire index such as the FTSE 100 or Dow Jones, rather than buying individual shares.
      • Share CFDs: Also known as equity CFDs, these allow traders to speculate on the rising or falling prices of individual company shares. This means you don’t own the underlying asset, but you’re speculating on its price movement.
      • Crypto CFDs: These contracts for difference are based on cryptocurrencies like Bitcoin, Ethereum, and others. They allow traders to speculate on the price movements of these digital assets without actually owning them.

      Eightcap Deposit Options

      • Credit/Debit Cards: Customers can make deposits using their personal credit or debit cards. This is a standard and popular method due to its convenience and speed. Most major card types, such as Visa, MasterCard, and American Express, are likely accepted.
      • E-Wallets: Electronic wallets or digital wallets are also an option for deposits. These are online accounts where one can store money, which can then be used to make a deposit. Popular e-wallet options in India include Paytm, Google Pay, and PhonePe.
      • International/Local Bank Transfers: A bank transfer is a method of transferring money from one bank account to another. This can be done either at a local level, within India, or internationally if the customer has a bank account in a foreign country.
      • Cryptocurrencies: Cryptocurrency is a digital or virtual currency that uses cryptography for security. It is an increasingly popular method for online payments. Customers can therefore make deposits using various types of cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. This option would be particularly appealing to those who are invested in digital currencies.

      Please note that the availability of these deposit options may vary and it’s always best to check directly with Eightcap for the most accurate and up-to-date information. The Eightcap minimum deposit amount is $100.

      Eightcap India Payment Methods

      Eightcap Withdrawal Options

      • Credit/Debit Cards: This is one of the most common methods of withdrawal. Eightcap allows clients in India to withdraw their funds back to the credit or debit card they used for the deposit. The process is straightforward and generally takes a few business days to complete.
      • Local Bank Transfers: Eightcap platform also offers the option of local bank transfers. This means that you can transfer your funds directly from your Eightcap account to your bank account in India. This option can take a bit longer to process, but it’s ideal if you want to avoid potential fees associated with card transactions.
      • E-wallets: E-wallets are another popular withdrawal method. Eightcap broker supports several e-wallet platforms, so you can choose the one that suits you best. E-wallets are typically faster than bank transfers and can be more convenient if you use them regularly.
      • Cryptocurrencies: If you have invested in cryptocurrencies, Eightcap allows you to withdraw your funds in the same form. This is a unique feature that not all brokers offer. It’s important to note that the withdrawal process and time may vary depending on the cryptocurrency you choose to use.

      In terms of the Eightcap minimum withdrawal amount, this can vary depending on the method you choose. For example, the minimum withdrawal amount for a local bank transfer might be different from that of a credit card withdrawal. It’s best to check Eightcap’s website or contact their customer service for specific details.

      Exploring Eightcap’s Trading Platforms

      Eightcap India offers multiple trading platforms to cater to the diverse needs of traders. Here is an expansion of these platforms:

      • Eightcap MetaTrader 4: Eightcap MT4 is one of the world’s most popular trading platforms and is offered by Eightcap India. It is known for its user-friendly interface, advanced charting capabilities, technical analysis tools, and the ability to automate trading strategies. It provides access to various markets and allows traders to execute their trades seamlessly.
      • Eightcap MetaTrader 5: Eightcap MT5 is a more advanced version of MT4 and comes with additional features. It offers more technical indicators, a larger number of charts, and superior tools for professional traders. The MT5 platform also allows traders to view Level II pricing and use more order types.
      • TradingView: TradingView is a web-based platform provided by Eightcap India that offers a wide range of features to support trading decisions. It offers advanced charting tools, a wide range of technical indicators, and social networking features that allow traders to share their strategies and insights with others.
      • WebTrader: Eightcap India’s WebTrader is a platform that can be accessed directly through a web browser without the need for any downloads or installations. This platform is known for its simplicity and ease of use. It offers real-time quotes, one-click trading, and a variety of charting tools.

      In conclusion, Eightcap India offers a variety of platforms to suit different trading styles and experience levels. Whether you are a beginner or a seasoned trader, you can choose a platform that suits your needs and preferences.

      Eightcap is legal in India

      Additional Trader’s Tools

      Eightcap Trading Tools is a comprehensive suite of financial instruments designed to support traders in making sound investment decisions. It includes several advanced technologies, such as FlashTrader and AI-powered Economic Calendar, to provide users with a seamless and efficient trading experience.

      • FlashTrader is an innovative trading tool that provides users with real-time market data and advanced analytics. It allows traders to execute trades quickly, making it particularly useful for day traders and those involved in high-frequency trading.
      • The AI-powered Economic Calendar is another key component of the Eightcap Trading Tools suite. Utilizing artificial intelligence, this tool provides users with accurate and timely economic data. It can predict market trends based on historical data and current economic indicators, helping traders make informed decisions about their investments.
      • Capitalise.ai is another advanced tool offered by Eightcap. This tool allows users to automate their trading strategies using a simple, natural language interface. With Capitalise.ai, users can set up trading scenarios, and the tool will automatically execute trades when these scenarios occur. This helps to remove human error from the equation and allows for more consistent trading results.

      In conclusion, Eightcap Trading Tools, including FlashTrader, the AI-powered Economic Calendar, and Capitalise.ai, provide traders with a powerful and efficient platform to navigate the financial markets. Whether you’re a seasoned trader or just starting, these tools can help you make more informed and profitable trading decisions.

        Eightcap India Capitalise.ai
        Eightcap FlashTrader India
        Eightcap India Trading Tools

        Education Resources

        Eightcap India provides educational resources to help beginners understand the basics of trading and investing. These resources may include courses, articles, eBooks, and tutorials that cover a variety of topics such as market analysis, investment strategies, and risk management.

        • Trade Zone Labs: This is likely a feature where users can experiment with different trading strategies and techniques in a safe, risk-free environment. It can be a great way for beginners to get a feel for the market, and for more experienced traders to try out new ideas.
        • Events and Webinars: Eightcap India may host regular events and webinars to provide users with up-to-date information about the market. These events could be an opportunity for users to learn from experts in the field, and to interact with other traders.
        • Trading Outlook: This could be a service or feature that provides forecasts about the future of different markets. This information could help traders make informed decisions about their investments.
        • Trade Ideas: These could be suggestions or tips for potential trades based on current market conditions. These ideas could be generated by Eightcap India’s team of experts, or by its community of users.
        • Trading Week Ahead: This is likely a weekly update that provides a preview of expected market movements in the coming week. This could help traders plan their strategies and anticipate potential opportunities.

        Eightcap Review India

        Customer Support

        Eightcap is a well-established financial service provider that offers comprehensive customer support in India. They are committed to providing the best possible service to their customers and have implemented multiple communication channels to ensure that all queries and concerns are addressed promptly and efficiently.

        • Email: global@eightcap.com
        • Phone Support: +61 3 8592 2375. This is an Australian number, and international charges may apply. The company’s phone support team is well-equipped to handle a wide range of issues and will do their utmost to assist you.
        • Live Chat: In addition to email and phone support, Eightcap offers live chat support. This is available 24/5, meaning you can get instant help any time from Monday to Friday. This is a great option for those who need immediate assistance, as it enables you to communicate with a support team member directly.

        Hence, Eightcap trading platform ensures that its diverse support channels meet all its customers’ needs. Whether you prefer to communicate through email, phone, or live chat, Eightcap is ready to assist you.

          Is Eightcap legal in India?

          Eightcap, a renowned forex and CFD broker, is completely legal in India, allowing Indian traders to engage in online trading activities seamlessly. It complies with all the relevant regulations and standards set by financial authorities, ensuring a secure trading environment for its clients. Eightcap is registered with the Australian Securities and Investment Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC), two highly reputable regulatory bodies. Thus, Indian traders can confidently use Eightcap for their trading activities knowing that they are protected by international regulatory standards. Although forex trading is subject to certain restrictions in India, traders can legally trade currency pairs that involve the Indian Rupee on Eightcap’s platform.

          Eightcap is legit in India

          Eightcap India Review – Conclusion

          In conclusion, the Eightcap review in India reveals that it is a reliable and trustworthy forex and CFD broker. It offers a wide range of trading instruments, including Forex pairs, Indices, Commodities, and Shares. The broker uses the popular MetaTrader 4 and MetaTrader 5 platforms, which are known for their user-friendly interfaces and advanced trading tools. Eightcap also ensures secure transactions and maintains transparency in its operations. However, like all brokers, it has its downsides such as limited customer service hours and withdrawal fees. Therefore, potential clients should thoroughly research and consider these factors before making a decision.