Eightcap

Eightcap is a forex and CFD broker registered in the Bahamas, under the company name Eightcap and operating through the domain eightcapital.vip. The broker was established on March 13, 2023, and is located at 201 Church Street, Sandyport, West Bay St., Nassau, Bahamas.

According to regulatory records, Eightcap is licensed by the Securities Commission of the Bahamas (SCB) with a Derivatives Trading License (Market Maker). The status of the license is not specified in the available records, and the broker is classified as having a severe scam risk score of 85 out of 100 according to independent risk assessments.

Eightcap holds a Derivatives Trading License from the Securities Commission of the Bahamas (SCB), which is the primary financial regulator in the jurisdiction. The SCB license is listed as a Market Maker (MM) license, though the current status is not indicated in public records.

It is important to note that the Bahamas is considered a less stringent regulatory environment compared to major financial hubs like the UK or Australia. Traders should be aware that regulatory protection may be limited, and the absence of detailed regulatory status or additional licensing from tier-1 jurisdictions raises caution.

Eightcap offers two account types for traders: the Original Spread Account and the Standard Commission Free Account. The Original Spread Account requires a minimum deposit of $500 and offers a maximum leverage of 1:400. The Standard Commission Free Account has a lower minimum deposit of $200 and also provides a maximum leverage of 1:400.

Both accounts are designed for retail traders, with the leverage cap at 1:400, which is relatively high and suitable for those seeking amplified exposure. The difference in minimum deposits allows traders with varying capital levels to access the broker's services.

Publicly available information does not specify the full range of trading instruments offered by Eightcap. However, given the nature of forex and CFD brokers, it is typical to offer currency pairs, indices, commodities, and possibly cryptocurrencies.

Similarly, details about trading platforms are not disclosed in the known facts. Traders are advised to verify directly with the broker which platforms are supported, such as MetaTrader 4, MetaTrader 5, or proprietary solutions.

Eightcap appears to target retail forex and CFD traders, particularly those comfortable with offshore regulation and seeking higher leverage options. The relatively low minimum deposits ($200 for the standard account) make it accessible to smaller investors.

However, the high scam risk score and limited public information suggest that this broker is best suited for experienced traders who fully understand the risks of trading with an offshore entity and have conducted their own due diligence.