Eightcap Philippines

Eightcap is an established Forex and CFD broker that has extended its services to the Philippines. It provides Philippine traders with the opportunity to engage in online trading of over 200 financial instruments including Forex, indices, commodities, and shares. Eightcap is recognized for its user-friendly platform, competitive spreads, and exceptional customer service. It also offers comprehensive educational resources and advanced trading tools, making it a suitable choice for both novice and experienced traders. Furthermore, Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), ensuring a secure and transparent trading environment for its Philippine clients. In this Eightcap review in the Philippines, we will learn more about the broker’s platform features, advantages, and more.

Eightcap Review Philippines

Eightcap Account Types

Eightcap broker offers various account types for its customers in the Philippines. Each account type comes with distinct features, allowing traders to choose the most suitable one according to their trading needs and preferences.

  • Raw Account: This account type is designed for traders who prefer low spreads. It requires a minimum deposit of $100, which is quite affordable for most traders. One of its key features is the ultra-low spreads which can go as low as 0.0 pips, making it a great option for cost-conscious traders. The Raw Account is also compatible with Expert Advisors (EAs), which are software that automates trading strategies. Moreover, it allows a minimum trade size of 0.01, providing traders with flexibility in managing their trading volumes.
  • Standard Account: The Standard Account is also available for traders who can start with a minimum deposit of $100. Unlike the Raw Account, this account type does not charge any commission, making it an attractive option for traders who perform numerous trades. It offers spreads as low as 1.0 pips and is also compatible with EAs. The minimum trade size for this account is also set at 0.01, providing traders with substantial control over their trading activities.
  • TradingView Account: The TradingView Account is particularly handy for traders who require advanced charting tools for their trading analysis. It requires a minimum deposit of $100 and provides access to a proprietary Pine-script language that allows traders to create and share custom studies and signals. Furthermore, this account type offers ultra-low spreads which can significantly reduce trading costs.

In summary, Eightcap’s varied account types cater to different trading needs, whether it be low spreads, no commissions, advanced charting tools, or compatibility with automated trading software. These features make Eightcap an ideal trading platform for new and experienced traders in the Philippines.

Eightcap Account Types Philippines

Eightcap Demo Account

In the Philippines, the Eightcap Demo Account is a highly recognized feature that offers a risk-free platform for budding and experienced traders to practice and refine their trading strategies. The virtual environment mimics real market conditions, enabling users to get hands-on experience in forex trading, CFDs, indices, and commodities without risking real capital. The demo account comes with a virtual fund of $10,000, allowing users to explore the platform’s tools and features, and understand the dynamics of the trading market. Furthermore, it assists in familiarizing users with various trading scenarios, enhancing their decision-making skills and risk-management strategies. The Eightcap Demo Account is a valuable resource for Filipino traders looking to build their trading confidence before transitioning to a live trading account.

Eightcap Philippines – Financial Assets

Eightcap is a global brokerage firm that provides a wide range of financial assets for trading. In the Philippines, they offer several types of Contracts for Difference (CFDs) for investors to trade. Here is a more detailed look at each of these assets:

  • Forex CFDs: Forex, short for foreign exchange, refers to the global marketplace for buying and selling currencies. Forex CFDs allow investors to speculate on the price movements of currency pairs without actually owning the underlying currencies. This can provide opportunities for profit in both rising and falling markets.
  • Commodity CFDs: Commodity CFDs allow you to trade contracts that speculate on the price of a commodity, such as gold, oil, or agricultural products. These CFDs provide a way to gain exposure to these markets without having to physically own or store the commodities.
  • Index CFDs: Index CFDs allow you to trade on the price movements of stock market indices, like the FTSE 100 or the Dow Jones Industrial Average. This can be a way to gain exposure to a broad market or sector without having to buy shares in all the individual companies that make up the index.
  • Share CFDs: Share CFDs allow you to trade on the price movements of individual company shares without owning the actual shares. This can provide opportunities for profit in both rising and falling markets and gives you the ability to trade on margin, meaning you can potentially achieve larger profits (or losses) with a smaller initial investment.
  • Crypto CFDs: Crypto CFDs allow you to trade on the price movements of cryptocurrencies like Bitcoin, Ethereum, and others without actually owning the digital coins. This can provide opportunities for profit in both rising and falling crypto markets and offers the advantage of being able to trade on margin.
Eightcap Philippines Financial Instruments

Eightcap Deposit Options in the Philippines

Eightcap broker offers different deposit options to its customers in the Philippines. This ensures that users have a variety of ways to fund their trading accounts, making the process much more convenient and accessible. Here are some of the deposit options provided by Eightcap:

  • Wire Transfer: This is one of the most traditional methods of transferring funds. It involves sending money from your bank account directly into your Eightcap trading account. However, wire transfers may involve certain fees and might take a few days to process.
  • eWallet: Eightcap also offers eWallet options for deposits, which are a quick and easy way to transfer funds. Two major eWallets supported by Eightcap are Skrill and Neteller. Both of these eWallets are popular due to their convenience, speed, and security.
  • Dragonpay: This is a popular payment solution in the Philippines that allows users to make online payments directly from their bank accounts or through over-the-counter transactions at retail establishments. Eightcap supports Dragonpay, making it easier for traders in the Philippines to fund their accounts.
  • Cryptocurrency: Eightcap is also open to deposits made through cryptocurrencies. This option is perfect for those who are already invested in digital currencies and want to use them to fund their trading accounts.
  • Credit/Debit Cards: Lastly, Eightcap allows deposits via credit or debit cards. This is one of the most convenient ways to fund your account, as it involves direct transactions from your card.

As for the Eightcap minimum deposit amount, it can vary depending on the type of account you have and the method of deposit. It’s recommended to check Eightcap’s official website or contact their customer service for the most accurate and up-to-date information regarding minimum deposit amounts.

Eightcap Withdrawal Options in the Philippines

Eightcap broker offers a variety of withdrawal options for its clients in the Philippines. The processing time and Eightcap minimum withdrawal amount vary depending on the method used.

  • Wire Transfer: This is a traditionally reliable method of transferring funds. The processing time can vary from a few hours to several business days, depending on the banks involved. 
  • eWallet – Skrill, Neteller: These digital wallets are popular options among online traders for their convenience and speed. The processing time for withdrawals using Skrill or Neteller is typically within 24 hours.
  • Dragonpay: This is a popular local payment gateway in the Philippines. The processing time for Dragonpay withdrawals is typically within 24 hours.
  • Crypto: Eightcap allows withdrawals in cryptocurrency, which is a fast and secure method of transferring funds. The processing time is typically within 24 hours, but it can vary based on the crypto network traffic.
  • Credit/ Debit Cards: Withdrawing a credit or debit card is another convenient option. The processing time for card withdrawals can range from a few hours to a few days, depending on the issuing bank.

Please note that the details mentioned above are general guidelines and may vary based on Eightcap’s policies and the specific terms of your account. It is recommended to check the latest information on Eightcap’s official website or contact their customer service for accurate details.

Eightcap Payment Methods in the Philippines

Eightcap Philippines – Trading Platforms

Eightcap broker offers numerous trading platforms for users in the Philippines. These platforms are designed to cater to different kinds of traders, from beginners to experienced ones. This expansion is aimed at giving Philippine users a broad and diverse range of tools to assist in trading.

One such platform is TradingView. This is a social network for traders and investors on Forex, Futures, and Stock markets. With TradingView’s platform, traders can share and discuss trading ideas. Users can also use various tools for technical analysis, making it a comprehensive tool for traders of all levels.

The company also features MetaTrader 5 (Eightcap MT5), an institutional multi-asset platform offering outstanding trading possibilities and technical analysis tools. It allows users to trade on the Forex and exchange markets. It also enables a hedging option, which lets users open multiple positions of the same financial instrument, including in opposite directions.

Another platform is MetaTrader 4 (Eightcap MT4), which is the most popular online trading platform in the world. It offers ample opportunities to traders of all skill levels with advanced technical analysis, flexible trading systems, algorithmic trading, and Expert Advisors (automated trading programs).

In conclusion, Eightcap’s offering of these trading platforms in the Philippines showcases their commitment to providing users with the best possible tools for trading, allowing them to make informed decisions and potentially increase their profitability.

    Exploring Eightcap Trading Tools

    Eightcap Trading Tools are a variety of sophisticated tools that Eightcap provides to assist traders in making informed decisions. These tools could include charting tools, analytical tools, risk management tools, etc. These tools are designed to help traders of all levels, from novice to expert, improve their trading strategies and increase their profitability.

    • AI-Powered Economic Calendar: An economic calendar is a tool that traders use to track economic events that could impact financial markets. An AI-powered economic calendar could use artificial intelligence algorithms to predict the impact of these events on various markets. This could help traders make more accurate predictions and better-informed trading decisions.
    • Capitalise.ai: This is a platform that uses artificial intelligence to automate trading strategies. Traders can use Capitalise.ai to create, backtest, and execute trading strategies in a fully automated manner. The platform can handle complex strategies and large volumes of data, making it a powerful tool for serious traders.
    • FlashTrader: FlashTrader is a high-speed trading platform that allows traders to execute trades in milliseconds. It offers a range of advanced features, such as real-time data feeds, advanced charting tools, and customizable trading alerts. It is designed to cater to the needs of high-frequency traders who require speed and precision.
    Eigthcap Philippines Economic Calendar
    Eightcap Philippines Capitalise.ai
    Eightcap FlashTrader Philippines

    Education Resources

    Eightcap Education Resources refers to a collection of educational materials provided by Eightcap broker, which could include articles, tutorials, video lessons, and more. These resources are designed to help individuals understand and navigate the world of trading and investment. They may cover a wide range of topics, from basic trading principles to advanced investment strategies.

    • Eightcap Labs: This could refer to a research and development division within Eightcap. In this ‘lab’, new trading techniques, algorithms, and technologies are likely developed and tested. The goal of such a division is typically to innovate and improve the services offered by the company.
    • Trade Zone: This could refer to a platform or section of the Eightcap website where users can engage in trading activities. This might include buying and selling shares, forex trading, commodities trading, and more. The ‘Trade Zone’ might offer various features and tools to assist users in making informed trading decisions.
    • Events and Webinars: These could be live or recorded sessions hosted by Eightcap, where industry experts share their insights and knowledge on various trading-related topics. These events could be aimed at both novice and experienced traders. Webinars are typically interactive, allowing participants to ask questions and engage with the host and other participants. Events, on the other hand, might include conferences, seminars, or workshops, which could be held either online or offline.

    Is Eightcap Legal in Philippines?

    Eightcap, a well-established online forex and CFD broker, is legal in the Philippines. This company is fully compliant with international financial regulations, thus ensuring a secure trading environment for its clients. It offers various trading platforms and a range of financial instruments for users in the Philippines. Traders can safely invest in forex, commodities, indices, and more through Eightcap. The company’s legality in the Philippines allows local traders to engage in online trading activities with confidence and peace of mind.

    Is Eightcap a regulated broker in the Philippines?

    Eightcap is a highly recognized and regulated broker in the Philippines, providing financial services to retail and institutional clients. The company operates under stringent regulations set by the local monetary authorities to ensure the safety and security of its clients’ investments. With a commitment to transparency and reliability, their services are backed by advanced technology and a highly skilled team, ensuring their clients’ seamless, efficient, and trustworthy trading experience.

    Eightcap Philippines Review – Conclusion

    In conclusion, Eightcap has significantly impacted the Philippines, providing a reliable and efficient platform for forex and CFD trading. Its user-friendly interface, educational resources, and advanced trading tools have empowered novice and seasoned traders, contributing to the growth of online trading in the country. Eightcap’s commitment to providing secure, transparent, and regulated services has also earned it a high level of trust among Filipino traders. It is evident that Eightcap plays an integral role in the Philippine financial market landscape.