Is Eightcap Safe?

Is Eightcap safe and regulated?

I opened a live funded account with Eightcap in 2026 and tested its withdrawal process, regulatory documentation and client-money procedures directly. Eightcap is a legitimate, regulated broker with four active licences.

Eightcap is regulated by four bodies across separate legal entities:

• ASIC (Australian Securities and Investments Commission): AFSL (Australian Financial Services Licence) 391441, held by Eightcap Pty Ltd. Client funds sit at major Australian banks; negative-balance protection is required by statute.
• FCA (UK Financial Conduct Authority): FRN 921296, held by Eightcap Group Ltd. UK retail clients are covered by FSCS (Financial Services Compensation Scheme, UK) up to £85,000 per eligible person.
• CySEC (Cyprus Securities and Exchange Commission): licence 246/14, held by Eightcap EU Ltd. EU retail clients covered by ICF (Investor Compensation Fund, EU) up to €20,000; MiFID II (EU markets regulatory framework) passport applies across EU member states.
• SCB (Securities Commission of the Bahamas): SIA-F220, held by Eightcap Global Ltd. Serves MENA, SEA and other eligible markets. No statutory compensation fund applies on this entity.

I cross-checked all four licences against the public regulator registers in May 2026. Every entity was active with no enforcement actions on file.

Client funds sit in segregated accounts (client money held in separate accounts, not mixed with Eightcap’s operating capital) at major banks across all four entities. The FCA and CySEC entities run monthly client-money reconciliation under their respective regulatory frameworks.

Negative-balance protection applies as a statutory requirement on the three strictly regulated entities (ASIC, FCA, CySEC). On the SCB Bahamas entity, it operates as a broker policy rather than a legal obligation.

Eightcap has held its ASIC licence since 2011. No major enforcement action appears on any of its four regulator registers as of 2026, a clean record across 15 years.

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

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

For the full spreads, platforms and account breakdown, see the Eightcap review.

Key facts

Should you trade with Eightcap?

Eightcap works well for traders in Australia, the UK, EU, UAE, Malaysia, Singapore, Vietnam and South Africa who want strictly regulated brokers, native TradingView execution and a $100 minimum deposit.

The main thing to verify before funding: which entity will hold your account. Clients on strictly regulated entities (AU, UK, EU) get statutory compensation fund cover.

Traders on the SCB offshore entity do not, which is the standard structure for brokers serving MENA and SEA markets.

Before depositing, confirm your country is on the accepted list, then open a free demo account to test the platform. If the demo suits your workflow, fund the $100 minimum.

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