Eightcap Raw Account

Introduction

Eightcap Raw Account Account Main Features

Feature Title	Feature Value
Minimum deposit	$100
EURUSD Spread	From 0.0 pips​
Commission	$3.50 per lot per side​
Maximum leverage	1:500 (Non-EU), 1:30 (EU)​
Instruments	800+
Minimum lot size	0.01 lots​
Maximum lot size	100 lots​
Maximum number of positions	200
Hedged margin	50%
Margin call	80%
Stop out	50%
Order execution	Market execution (STP/ECN)​
Swap-free	Yes

Eightcap offers a Raw Account for traders who want lower costs and more control over their trades. This account type gives you access to tight spreads starting from 0.0 pips.

You pay a small commission of $3.50 per side for each standard lot traded, which can lead to significant savings for active traders.

The Raw Account suits experienced traders who value speed and precision in their trading. You get direct market access and can use advanced tools like algorithmic trading and scalping strategies.

This account also works well with popular platforms like MetaTrader 4, MetaTrader 5, and TradingView.

If you’re looking to step up your trading game, the Eightcap Raw Account might be a good fit. It offers a balance of low costs and powerful features that can help you make the most of market opportunities.

Key Takeaways

• Raw Account offers tight spreads from 0.0 pips with a small commission per trade
• Suitable for experienced traders who use advanced strategies and tools
• Compatible with popular trading platforms like MT4, MT5, and TradingView

Understanding Eightcap Raw Account

Eightcap’s Raw Account offers tight spreads and commission-based pricing. It’s designed for experienced traders and those who trade forex CFDs frequently.

Raw Account Features

The Raw Account has a £100 minimum deposit. It provides raw spreads starting from 0.0 pips.

You’ll pay a £7 commission per standard lot traded. This account type gives you access to high leverage options, up to 1:30 for retail clients under ASIC and FCA regulations.

You can trade on MetaTrader 4, MetaTrader 5, and cTrader platforms. These platforms offer advanced charting tools and fast execution speeds.

The Raw Account is regulated by top-tier authorities like ASIC and the FCA. This ensures a safe trading environment for you.

Comparing Raw and Standard Accounts

The main difference between Raw and Standard accounts is the cost structure. Raw accounts have lower spreads but charge a commission. Standard accounts have no commission but wider spreads.

Raw accounts suit high-volume traders who prefer lower overall costs. Standard accounts might be better for beginners or those who trade less often.

Both account types offer the same leverage options and trading platforms. They also have the same minimum deposit of £100.

The Raw Account often provides better pricing for forex pairs. But for other assets, the cost difference may be smaller.

Account Opening and Management

Starting your trading journey with Eightcap is straightforward. You can open a live account, try a demo account, and manage your trades through the client portal.

Each step is designed to help you get comfortable with the platform and start trading quickly.

Opening a Live Account

To open a live Eightcap Raw Account, visit their website and fill out the registration form. The process is simple and similar to opening a bank account.

You’ll need to provide personal details and proof of identity. Eightcap usually reviews and verifies applications within one day.

Once approved, you can fund your account. Eightcap offers several deposit methods, including:

• Bank transfer
• Credit/debit cards
• E-wallets

Processing times vary by method. E-wallets are often fastest, while bank transfers may take 1-3 business days.

Demo Account Benefits

A demo account is a great way to test Eightcap’s Raw Account features without risking real money. Benefits include:

• Practice trading with virtual funds
• Test different strategies
• Get familiar with the trading platform
• No time limit on demo usage

To start a demo account, simply choose this option during sign-up. You’ll get access to real-time market data and can switch to a live account when you’re ready.

Client Portal Functionality

The Eightcap client portal is your hub for account management. Key features include:

• Deposit and withdraw funds
• View account balance and trading history
• Update personal information
• Change account passwords
• Access educational resources

You can use the client portal on both desktop and mobile devices. This makes it easy to manage your account on the go.

For added security, use strong passwords and enable two-factor authentication if available.

Trading Instruments and Conditions

The Eightcap Raw Account offers a wide range of trading options. You can access different markets with competitive spreads and flexible trade sizes.

Forex and Commodities Trading

With the Raw Account, you can trade forex pairs and commodities. Forex spreads start as low as 0.0 pips, plus a small commission. This makes it great for frequent traders and scalpers.

You can trade major, minor, and exotic currency pairs. For commodities, you’ll find options like gold, silver, and oil. The minimum trade size is 0.01 lots for most instruments.

Eightcap provides leverage up to 1:500 for forex trades. This lets you control larger positions with a smaller deposit. But remember, higher leverage means higher risk too.

Indices, Shares, and Cryptocurrencies

The Raw Account isn’t just for forex. You can also trade stock indices, individual shares, and cryptocurrencies.

For indices, you’ll find popular ones like the S&P 500 and FTSE 100. Share CFDs let you trade big companies without owning the actual stocks.

Crypto fans can trade Bitcoin, Ethereum, and other major coins. Spreads for these markets may be wider than forex, but still competitive.

The platform offers over 800 trading instruments in total. This gives you lots of options to diversify your trading.

Understanding Leverage and Margin

Leverage is a key feature of the Raw Account. It lets you trade larger positions than your account balance would normally allow.

For example, 1:100 leverage means you can control £100,000 with just £1,000 in your account. This can boost your potential profits, but also increases your risk.

Margin is the amount of money you need to open a trade. It’s linked to leverage. Higher leverage means lower margin requirements.

Be careful with leverage. It’s a powerful tool, but can lead to big losses if not used wisely. Always use stop-losses to manage your risk.

Platform Tools and Resources

Eightcap offers a range of powerful trading platforms and tools to help you trade effectively. These include popular MetaTrader options, automated trading features, and social trading capabilities.

MetaTrader 4 and MetaTrader 5

MT4 and MT5 are the go-to platforms for many traders. With Eightcap, you get access to both.

MT4 is known for its user-friendly interface and forex trading focus. It offers:

• One-click trading • Expert Advisors for automated trading • Custom indicators • Multiple chart types

MT5 builds on MT4’s features and adds:

• More timeframes • Economic calendar • Advanced pending orders • Hedging capabilities

Both platforms have mobile apps, letting you trade on the go. You can use automated trading strategies to potentially improve your results.

Capitalise Ai Integration

Eightcap partners with Capitalise Ai to bring you cutting-edge trading automation. This tool lets you:

• Create trading strategies using plain English • Backtest your ideas quickly • Set up alerts and auto-execute trades • Monitor multiple markets at once

You don’t need coding skills to use Capitalise Ai. It’s designed to be user-friendly for all traders. The system can help you spot opportunities and manage risk more efficiently.

TradingView and Social Trading

TradingView is a popular charting platform now integrated with Eightcap. It offers:

• Advanced charting tools • A large community of traders • Custom indicators and scripts • Real-time data and alerts

The social trading aspect lets you:

• Follow top traders • Share your own insights • Learn from others’ strategies • Discuss market trends

This combination of tools can help improve your market analysis and trading decisions. You can tap into a wealth of knowledge from experienced traders worldwide.

Frequently Asked Questions

Eightcap’s Raw account offers specific features and conditions for traders. Here are answers to common questions about this account type.

What is the minimum deposit required to open a Raw account with Eightcap?

The minimum deposit for an Eightcap Raw account is £100. This is the same amount needed for their Standard account.

How are withdrawals processed for the Eightcap Raw account, and are there any limits?

Eightcap processes withdrawals through various methods. They don’t specify limits for Raw accounts. Check with Eightcap directly for the most up-to-date info on withdrawal options and any potential restrictions.

What levels of commission per lot can traders expect when using a Raw account with Eightcap?

Raw account users pay a commission of £7 per standard lot (1.0) round turn. This equals £3.50 per side for each trade.

How do Eightcap account types, including the Raw account, differ in terms of features and benefits?

The Raw account offers spreads from 0.0 pips with a commission. The Standard account has wider spreads but no commission. Both account types provide access to the same trading platforms and tools.

Can traders test the Eightcap platform using a demo account before trading with a Raw account?

Yes, Eightcap offers demo accounts. You can practice trading without risk before opening a live Raw account.

Is Eightcap widely recognised as a legitimate and trustworthy broker?

Eightcap is a regulated broker founded in 2009. They’re based in Australia and have a good reputation in the industry.

Always do your own research before choosing a broker.