Eightcap is a leading CFD broker that provides online trading services to a wide range of clients from around the world. Establishing itself in 2009 and is regulated by the Australian Securities and Investments Commission (ASIC). Eightcap serves a global clientele, offering a broad spectrum of markets such as Forex, Indices, Commodities, and Shares.
The broker offers a variety of tools designed to enhance trading decisions. This includes a direct integration with TradingView’s charts. Propfirms Eightcap provide access to various financial instruments, low-variable spreads, and advanced trading tools.
In this blog, we will discuss how prop trading benefits from using Eightcap and look into some prop trader and firms that use Eightcap for their operations.
Proprietary Trading Firms that Use Eightcap
Here is a list of prop firms that utilize Eightcap for their operations:
Blue Guardian
Blue Guardian is a prop trading firm partnered with Eightcap, utilizing its brokerage services. This firm focuses on providing traders with access to a variety of trading instruments, including Forex, indices, commodities, and shares. They offer low spreads and competitive pricing structures to enhance trading opportunities for their clients. Blue Guardian supports traders in developing their trading skills through demo accounts and access to advanced trading tools on the MetaTrader 4 and 5 platforms. With a commitment to regulatory compliance and risk management, Blue Guardian aims to create a supportive trading environment for traders seeking success in the financial markets.
Funded Trading Plus
Funded Trading Plus is another prop trading firm that partners with Eightcap for brokerage services. This firm caters to prop traders by offering tailored account types with varying spreads and commission structures. Funded Trading Plus provides traders with access to a wide range of trading instruments, enabling them to trade with confidence across different markets. They focus on supporting traders in their trading development by providing access to advanced trading programs and tools. Funded Trading Plus emphasizes responsible trading practices and transparency in their operations to ensure a trustworthy and credible trading experience for their clients.
Glow Node
Glow Node is a prop trading firm that collaborates with Eightcap as their broker. This firm is dedicated to providing traders with a competitive edge in the financial markets by offering access to a diverse range of trading instruments, including Forex, indices, and commodities. Glow Node supports traders with varying levels of expertise by offering demo accounts, educational resources, and advanced trading tools on the MetaTrader platforms. With a focus on liquidity and low trading costs, Glow Node aims to create a conducive trading environment for prop traders seeking to capitalize on market opportunities with confidence and efficiency.
Smart Prop Trader
Smart Prop Trader is a prop trading firm that utilizes Eightcap as their broker to facilitate trading activities. This firm is committed to providing traders with access to advanced trading tools and technologies to enhance their trading experience. Smart Prop Trader offers traders competitive pricing structures, low spreads, and access to a variety of trading instruments, including Forex and indices. With a focus on developing trading skills and confidence, Smart Prop Trader supports traders in creating successful trading strategies and managing risk effectively in the financial markets.
The Funded Trader
Offers funded programs with different phases and profit-sharing models, allowing traders to access company capital without personal risk. Provides a platform with low commissions, tight spreads, and diverse trading tools like Expert Advisors and Trade Copiers. CTI emphasizes no minimum trading days, unlimited time limits, and quick payouts, fostering exponential growth for trader
Benefits of Using Eightcap for Prop Trading:
Eightcap boosts traders’ competitiveness with custom account types featuring diverse spreads. Traders can enjoy cost-effective trading with spreads aligned to their chosen account. They benefit from interbank rates with the Raw account or experience commission-free trading with the Standard account.
This flexibility and trading skills, along with a trading environment offering over 200 CFD instruments, position Eightcap as a suitable partner for prop trading firms and traders. It caters to those looking for a reliable and innovative broker. Some of the benefits of using Eightcap for prop trading include:
- Access to a diverse range of financial and trading instruments, including:
- Forex
- Commodities
- Indices
- Shares
- Cryptocurrencies
Low variable spreads, with the declared indicator for account types with a raw spread from 0 pips.
Advanced trading tools, such as integration programs with popular trading platforms, and algorithmic trading through Capitalise.ai are available. They enhance the trading experience for users.
Efficient business execution, thanks to Eightcap’s integration of advanced technology.
Headquartered in Australia, with an international office in the Bahamas. Eightcap has a global presence, serving traders worldwide.
Empowering traders with transparent pricing for informed decision-making based on fair spreads.
Overall, Eightcap is a strong choice for prop trading firms and individual traders. It offers low-cost trading, advanced technology, competitive, and a wide range of financial instruments.
Risk Warning and Regulatory Information:
Before opting for Eightcap’s products, it’s crucial to grasp the risks linked with margin trading.
Warning: Margin trading involves the risk of rapid money loss due to leverage. Traders should thoughtfully assess their personal objectives and financial circumstances beforehand.
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and the Financial Conduct Authority (FCA) in the UK. Registration numbers 73 139 495 944 and FRN 785249, respectively.
The broker has registered addresses at 40 Gracechurch Street, London EC3V 0BT, and Aiolou 1, Katholiki 3020 Limassol, Cyprus. Its registered address is Aiolou 1, Panagioti Diomidous, 3020 Limassol, Cyprus.
Eightcap provides a financial services guide (FSG), which outlines the services it offers and the fees associated with those services. The broker also provides a product disclosure statement (PDS). Outline the risks associated with trading CFDs and the terms and conditions of its products.
Additionally, Eightcap provides target market determinations (TMDs) to help traders understand the suitability of its products for their needs. It is important to note that trading CFDs carries a high level of risk, and retail investor accounts lose money rapidly due to leverage.
Traders should carefully consider their personal objectives and financial circumstances before trading with Eightcap.
Frequently Asked Questions
Is Eightcap or ThinkMarkets better?
Based on the comparison between Eightcap and ThinkMarkets, Eightcap is considered slightly better than ThinkMarket. Eightcap offers advantages like better charting software, more cryptocurrency trade options, and algo trading tools, while ThinkMarkets excels in areas such as trading stocks, having no minimum deposit requirement, and offering a copy trading platform.
Can you use Eightcap in the US?
Eightcap is a global broker that is regulated by the Australian Securities and Investments Commission (ASIC). However, it is important to note that regulations, rules regarding trading with international brokers like Eightcap can vary by country. It is advisable to check with the relevant authorities or seek professional advice to determine if using Eightcap in the US is permissible.
Is Eightcap a legit broker?
Eightcap is considered a trusted broker with an overall Trust Score of 85 out of 99. The company is regulated by the Australian Securities and Investments Commission (ASIC), which adds to its credibility as a legitimate brokerage firm.
Which prop firm uses Eightcap broker?
Prop firms that use Eightcap broker are as follows:
- Blue Guardian
- Funded Trading Plus
- Glow Node
- Skilled Funded Traders
- Smart Prop Trader
- The Funded Trader
- Top One Trader
- Trading Funds
What is the most reliable brokerage firm?
Determining the most reliable brokerage firm can vary based on individual needs and preferences. In the comparison provided, ThinkMarkets is considered highly trusted with an overall Trust Score of 92 out of 99, while Eightcap is considered trusted with a Trust Score of 85 out of 99. Ultimately, the choice of the most reliable brokerage firm depends on factors such as trading preferences, services offered, and regulatory compliance.
