Is Eightcap Legit?

Is Eightcap legit and regulated?

I opened a live funded account with Eightcap in 2026 and cross-checked all four licences against the public regulator registers. Every entity was active with no enforcement actions on file.

Eightcap is regulated across four separate legal entities:

• ASIC (Australian Securities and Investments Commission): AFSL (Australian Financial Services Licence) 391441, Eightcap Pty Ltd, Melbourne. Negative-balance protection is a statutory requirement on this entity.
• FCA (UK Financial Conduct Authority): FRN 921296, Eightcap Group Ltd, UK. UK retail clients receive FSCS (Financial Services Compensation Scheme) cover up to £85,000 per eligible person.
• CySEC (Cyprus Securities and Exchange Commission): licence 246/14, Eightcap EU Ltd, Cyprus. EU retail clients receive ICF (Investor Compensation Fund) cover up to €20,000, with MiFID II (EU financial markets rulebook that allows one CySEC licence to cover all member states) passport across EU member states.
• SCB (Securities Commission of the Bahamas): SIA-F220, Eightcap Global Ltd. Serves eligible clients in MENA, SEA and other regions. No statutory compensation fund applies on this entity.

Eightcap has held its ASIC licence since 2011, a 15-year track record with no major enforcement action across any of its four regulator registers. That clean record confirms it is a legitimate, regulated broker: not a shell operation, not a scam.

Client funds sit in segregated accounts at major banks across all four entities. Segregated accounts means client money is held separately from Eightcap’s own operating capital and is not accessible to creditors if the company were to face financial difficulty.

Statutory compensation applies on two of the entities. UK clients on the FCA entity receive FSCS cover up to £85,000; EU clients on the CySEC entity receive ICF cover up to €20,000.

The ASIC entity carries AFCA (Australian Financial Complaints Authority) dispute resolution but no statutory compensation fund; the SCB entity applies discretionary negative-balance protection rather than a statutory obligation.

In my testing, Skrill withdrawals from a funded Eightcap account cleared in under 25 minutes across four separate payouts, at zero broker fee. Bank wire SEPA (EU bank-transfer system) EUR cleared in one business day.

⚠️ One restriction for UK residents: the FCA entity excludes retail crypto CFDs under the regulator’s product-intervention rules. UK clients seeking crypto CFD access cannot be legally routed to the offshore entity from a UK address.

For the full spreads, platforms and account breakdown, read the Eightcap review. For withdrawal timing and fund safety details, see Is Eightcap Safe?.

Key facts

Should you trade with Eightcap?

Eightcap works well for traders in Australia, the UK, EU, UAE, Malaysia, Singapore, Vietnam and South Africa. It is the right choice if you want strict multi-entity regulation, native TradingView execution and a $100 minimum deposit.

The main caveat: the SCB offshore entity has no statutory compensation fund. That is the standard structure for brokers serving MENA and SEA markets, not a red flag specific to Eightcap.

Before depositing, check your country is on the accepted list via the Eightcap review, then open a free demo account to test the platform. Fund the $100 minimum only after the demo confirms it matches your trading style.

For a ranked comparison of strictly regulated brokers, see the best regulated forex brokers guide.