Eightcap Standard Account

Introduction

Eightcap Standard Account Account Main Features

Feature Title	Feature Value
Minimum deposit	$100
EURUSD Spread	From 1.0 pips​
Commission	No
Maximum leverage	1:500 (Non-EU), 1:30 (EU)​
Instruments	800+
Minimum lot size	0.01 lots​
Maximum lot size	EIGHTCAP 100 lots​
Maximum number of positions	200
Hedged margin	50%
Margin call	80%
Stop out	50%
Order execution	Market execution (STP)​
Swap-free	Yes

Are you looking for a straightforward trading account with no commissions? The Eightcap Standard Account might be just what you need.

This account type offers access to over 800 trading instruments, including forex pairs and other assets.

The Eightcap Standard Account has spreads starting from 1.0 pips, with no extra commission fees. This makes it easier to calculate your trading costs upfront.

It’s a good choice for beginners who want a simple fee structure.

The Standard Account lets you trade on popular platforms like MT4 and MT5. You can also use tools for copy trading and algorithmic strategies.

With a low minimum deposit of $100, it’s easy to get started.

Key Takeaways

• The Standard Account offers commission-free trading with spreads from 1.0 pips
• You can access over 800 instruments, including forex pairs
• The account supports MT4, MT5, and advanced trading tools

Account Overview

Eightcap offers different account types to suit your trading needs. You’ll find options with varied spreads, commissions, and features.

Account Types

Eightcap provides three main account types: Standard, Raw, and Demo. The Standard account is commission-free and ideal for beginners. It has spreads from 1.0 pips and no extra fees per trade.

The Raw account has tighter spreads starting from 0.0 pips. You pay a small commission for each trade. This suits more active traders who want lower costs.

A Demo account lets you practice with virtual funds. It mimics real trading conditions without risk to your money.

You can test strategies and get used to the platform.

Standard vs Raw Account Features

Both Standard and Raw accounts offer access to over 800 trading instruments. These include forex pairs, commodities, indices, and stocks.

The main difference is in the cost structure. Standard accounts have no commission but wider spreads. Raw accounts have lower spreads but charge a small fee per trade.

Minimum deposits vary. You can start with as little as $100 for a Standard account. Raw accounts may need a higher initial deposit.

Both account types support algorithmic and copy trading. You get the same trading tools and features regardless of your choice.

Trading Specifications

Eightcap’s Standard Account offers a range of trading specifications to suit different traders. The account provides flexibility in leverage, competitive spreads, and various trade sizes for different instruments.

Leverage and Margin Requirements

You can access leverage up to 1:500 on the Standard Account, allowing you to control larger positions with a smaller capital outlay.

The exact leverage varies by instrument type. For example, major forex pairs may have higher leverage than stocks or commodities.

Margin requirements change based on the leverage used. Higher leverage means lower margin needed.

Eightcap uses a margin call level of 50% to protect your account. If your equity falls below this level, you’ll need to add funds or close positions.

Negative balance protection is in place. This means you can’t lose more than your account balance, even in extreme market conditions.

Spreads and Commissions

The Standard Account features commission-free trading. All costs are built into the spread.

Spreads start from 1.0 pips on major forex pairs like EUR/USD.

Spreads may widen during volatile market conditions or important economic events. Less traded pairs and other instruments often have wider spreads.

Here’s a quick look at some typical spreads:

• EUR/USD: from 1.0 pips
• GBP/USD: from 1.2 pips
• Gold: from 50 points

Remember, these are variable spreads that can change based on market conditions.

Trade Sizes and Limits

You can start trading with a minimum trade size of 0.01 lots on most instruments. This equals 1,000 units of the base currency in forex pairs.

The maximum trade size varies by instrument. For forex, it’s often 100 lots per trade. Other markets may have different limits.

Here’s a breakdown of trade sizes:

• Minimum: 0.01 lots (micro lot)
• Standard lot: 1.00 (100,000 units)
• Maximum: Varies, up to 100 lots for forex

There’s no set limit on the number of open trades you can have. Your account balance and margin requirements will determine how many positions you can hold.

Platforms and Tools

Eightcap offers a range of powerful platforms and tools to support your trading. These include industry-standard software and advanced features for analysis and automation.

MetaTrader 4 and MetaTrader 5

MT4 and MT5 are the core platforms available with Eightcap Standard Accounts. Both offer user-friendly interfaces and robust charting capabilities.

MT4 is known for its simplicity and forex focus. It gives you access to:

• 30+ built-in indicators
• 9 timeframes for analysis
• One-click trading
• Customisable layouts

MT5 builds on MT4 with more assets and features:

• 38 built-in indicators
• 21 timeframes
• Economic calendar integration
• Market depth view

Both platforms let you trade on desktop, web, and mobile apps. This flexibility helps you stay connected to markets anywhere.

Advanced Charting and Analysis

Eightcap partners with TradingView to provide top-tier charting tools. TradingView offers:

• 100+ pre-built indicators
• Drawing tools for technical analysis
• Multi-chart layouts
• Cloud-based charts sync across devices

You can access TradingView charts directly through your Eightcap account. This integration streamlines your workflow between analysis and execution.

TradingView also has a strong community aspect. You can share ideas and learn from other traders’ strategies.

Algorithmic Trading Support

Both MT4 and MT5 support automated trading through Expert Advisors (EAs). These are programs that can:

• Monitor markets 24/7
• Execute trades based on set rules
• Backtest strategies using historical data

MT4 uses MQL4 for coding EAs, while MT5 uses the more advanced MQL5 language. Eightcap provides fast execution to ensure your EAs perform as expected.

You can also use the Strategy Tester tool to optimise your EAs before live trading. This helps refine your algorithms for better results.

Support and Resources

Eightcap provides top-notch support and valuable resources to help traders succeed. The broker focuses on customer service excellence and offers a range of educational materials to boost your trading knowledge.

Customer Service Excellence

Eightcap’s customer support team is available 24/5 to help you with any questions or issues. You can reach them via email, phone, or live chat.

The live chat feature is especially handy, as it allows you to get quick answers to your queries.

Eightcap’s support staff are known for their fast response times and helpful attitude. They can assist you with account setup, platform navigation, and trading-related questions.

The team is multilingual, making it easier for traders from different parts of the world to get help.

Educational Material and Market Research

Eightcap offers a wealth of educational resources to help you improve your trading skills. These include:

• Webinars on various trading topics
• Trading guides and articles
• Video tutorials
• Economic calendar

The broker also provides market analysis and daily trade ideas. These can help you stay informed about market trends and potential trading opportunities.

Eightcap’s TradingView integration gives you access to advanced charting tools and a large community of traders. You can use custom indicators and the Pine Script language to create your own trading strategies.

Frequently Asked Questions

Eightcap offers a Standard Account with specific features and requirements. Here are answers to common questions about this account type.

What is the minimum deposit required for a Standard Account with Eightcap?

The minimum deposit for an Eightcap Standard Account is $100. This low entry point makes it easy for new traders to get started.

How does one perform a withdrawal from an Eightcap Standard Account, and are there any limits?

To withdraw funds, log into your account and go to the withdrawal section.

Fill in the amount you wish to withdraw and choose your preferred method.

There are no set limits on withdrawals, but you’ll need to leave enough in your account to maintain any open positions.

What are the distinctions between Standard and Raw Accounts offered by Eightcap?

Standard Accounts have no commission fees and spreads starting from 1 pip for major currency pairs.

Raw Accounts have tighter spreads but charge a commission of $3.5 per lot traded.

Standard Accounts are better for beginners, while Raw Accounts suit more experienced traders.

Can you highlight the features and benefits of using a Standard Account with Eightcap?

With a Standard Account, you get competitive spreads without commission fees.

This account type offers a straightforward trading experience, making it ideal for newcomers to forex and CFD trading.

You also gain access to Eightcap’s trading platforms and educational resources.

What steps should be taken to securely log in to an Eightcap Standard Account?

To log in securely, visit the Eightcap website and click on the ‘Login’ button.

Enter your username and password carefully.

For added security, enable two-factor authentication if available.

Always ensure you’re on the official Eightcap website before entering your details.

Is it true that Eightcap charges a commission on trades made through its Standard Account?

No, Eightcap does not charge commissions on trades made through Standard Accounts. Instead, the cost of trading is built into the spread.

This commission-free structure can make it easier for new traders to calculate their trading costs.