About EIGHT
Company Overview
EIGHT is a retail forex and CFD broker registered in Bulgaria and operating under the domain tw-eightfcap.com. The company was established on 1 December 2022, making it a relatively new entrant in the online trading space.
According to the information available through official registries, EIGHT is not regulated by any recognised financial authority. This absence of regulatory oversight is a significant factor that traders should carefully consider before engaging with the broker.
Regulatory Status
Our records indicate that EIGHT holds no valid licences from any major financial regulator such as the FCA, CySEC, ASIC, or the Bulgarian Financial Supervision Commission. The lack of regulation means that traders do not have access to standard investor protection schemes, including compensation funds or dispute resolution services.
This regulatory void is reflected in the elevated FXCanary Scam Risk Score of 85 out of 100, which signals a severe risk level. Traders are urged to exercise extreme caution when dealing with unregulated entities.
Trading Platforms and Instruments
At present, detailed information about EIGHT's trading platforms and available instruments is scarce. Given the broker's recent establishment and lack of public presence, it is likely that it offers standard retail products such as forex pairs, indices, commodities, and possibly cryptocurrencies through a popular platform like MetaTrader 4 or 5.
However, without official confirmation from the broker's website or reliable third-party sources, these details remain speculative. Potential clients should verify all platform and instrument offerings directly with the broker.
Account Types and Funding
No specific account types, minimum deposits, or funding methods have been confirmed for EIGHT. Many new brokers provide a range of account options including standard, mini, and Islamic accounts, but this cannot be assumed without documented evidence.
Funding methods typically include bank transfers, credit/debit cards, and e-wallets, but again, traders must check directly with EIGHT for current options and any associated fees.
Target Audience
EIGHT appears to target retail traders seeking leveraged forex and CFD exposure. The broker's lack of regulation and limited publicly available information suggest it may focus on markets where stringent regulatory requirements are not enforced, or approach less experienced traders.
Given the high-risk profile, this broker is unlikely to be suitable for conservative investors or those needing regulatory protection.
Overview compiled by FXCanary from regulatory records and public data. full EIGHT review