EightCap was established in 2009 in Melbourne, Australia's traditional financial center. The company currently holds a full license from the Australian Securities and Investments Commission (ASIC) and a retail foreign exchange license from the Vanuatu Financial Services Commission.
Yihui International is regulated by the world-renowned mainstream regulator - the Australian Securities and Investments Commission (ASIC).
EightCap provides mainstream and popular financial instruments in the global financial market, including foreign exchange (42 currency pairs), indices, precious metals (gold, silver), crude oil. The trading time of all foreign exchange currency pairs is 24 hours, but in order to avoid the spread of the market caused by the low market liquidity around 00:00 platform time, the trading time is suspended for 5 minutes from 00:00 to 00:05 platform time every day.
Account & Leverage
In order to meet the investment needs and investment strategies of different investors, the company has set up standard commission-free accounts and original spread accounts. The minimum deposit for a standard commission-free account is $200 or its equivalent, and the minimum deposit for a raw spread account is $500 or its equivalent. The maximum leverage for both accounts is 1:400.
Spread & Fees
The minimum foreign exchange spread for the standard commission-free account is 1.0 pips, and the minimum foreign exchange spread for the original spread account is 0.0 pips. Indices, precious metal products have a minimum spread of 0.5 points, and crude oil has a minimum spread of 1.0 points. The original account fee is $7 per standard lot. The overnight interest will be calculated at the 1:00 a.m. of each trading day, and the market will be closed on weekends, so the overnight interest every Wednesday is three times the usual amount.
EightCap uses the most popular MT4 trading platform. The platform's mobile application is suitable for Apple and Android smartphones and tablets. Traders can use mobile devices to view real-time charts and place orders just like the MT4 desktop version. , and track transaction history.
EightCap provides investors with a variety of deposit and withdrawal methods, mainly including China UnionPay, bank wire transfer, Visa/MasterCard credit card, Skrill e-wallet, POLi. The company does not charge any fees for deposits and withdrawals, but users who pay from non-Australian banks may be charged a fee by the bank.
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