Eightcap Malaysia Review

EightCap Review Malaysia

Established in 2009, Eightcap is a global online forex and CFD broker based in Melbourne, Australia. The company was founded by a team of industry professionals with a shared vision to provide a straightforward and effective trading environment for traders all around the world. The founding team is not specifically named, maintaining a collective identity as a group of experts dedicated to improving the trading experience for their clients. 

This Eightcap Malaysia Review provides an in-depth analysis of the performance and services of Eightcap, a renowned forex and CFD broker based in Malaysia. This review aims to provide potential investors and traders with a comprehensive understanding of the company’s trading platform, its offerings, trading conditions, customer service quality, and overall credibility in the trading market. It is designed to offer transparency and aid individuals in making informed decisions when considering Eightcap as their potential trading partner.

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Account Types

  • Raw Account – The Raw account is ideal for individuals who primarily trade forex CFDs or seasoned traders. It offers the opportunity to trade with spreads as low as 0.0 pips, a minimum deposit of $100, and a minimum trade size of 0.01 (varying by instrument). This account is also compatible with EAs.
  • Standard Account – Trade commission-free and enjoy spreads as low as 1.0 pips. Begin your trading journey today with a minimum deposit of $100 and a minimum trade size of 0.01 (subject to the instrument). EA compatible.
  • TradingView Account – By creating a TradingView account, you will join the world’s most extensive trading network. This will provide you access to an advanced charting package, the proprietary Pine-Script language, daily trading ideas, webinars, custom indicators, and more. Begin your trading journey with a minimum deposit of $100 and benefit from extremely low spreads.

How to Choose an Eightcap Account Type in Malaysia

Choosing an Eightcap account type in Malaysia involves considering several factors to ensure it aligns with your trading needs and goals. Here are some steps to follow:

  • Assess Your Trading Skills: If you’re a novice, the standard account will suit you better. But if you’re an experienced trader, you might want to consider the raw or pro account.
  • Consider Your Investment Size: Different account types require different initial deposits. Consider how much you’re willing to invest before choosing an account.
  • Determine Your Trading Frequency: If you plan to trade frequently, you might prefer an account type with lower spreads, like the raw or pro accounts.
  • Look at Additional Features: Some account types offer features like dedicated account managers or advanced trading tools. If these are important to you, consider an account type that provides these services.
  • Seek Advice: If you’re unsure which account type to choose, consider seeking advice from a financial advisor or the Eightcap customer support team. They can provide personalized advice based on your trading needs and goals.

Remember, each trader is unique, and the best account type depends on your needs and circumstances. Always do your research before making a decision.

Eightcap is legal in Malaysia

Eightcap demo account

The Eightcap Demo Account is a powerful tool designed for individuals interested in online trading, but who might be hesitant to dive in with real money. This virtual account allows users to explore the functionalities and features of the Eightcap trading platform, offering a risk-free environment to learn about Forex and CFD trading. Users can practice strategies, understand market dynamics, and develop confidence all without risking actual capital. The Eightcap free demo account provides a realistic simulation of live trading conditions, making it an invaluable resource for beginners and experienced traders alike.

    Tradeable Assets

    • Forex: Forex (Foreign Exchange) trading is the exchange of one currency for another. It is the most liquid market in the world, with trillions of dollars exchanged every day. Eightcap offers access to a wide range of currency pairs for trading, including major pairs like EUR/USD, minor pairs, and exotic pairs.
    • CFDs: Contract for Difference (CFDs) is a popular form of derivative trading. With CFD trading, you don’t buy or sell the underlying asset (such as a physical share, currency pair, or commodity). You buy or sell several units for a particular instrument depending on whether you think prices will go up or down.

    Eightcap offers CFD trading for a variety of assets:

    • Commodity: Commodities include physical assets like gold, oil, natural gas, coffee, and more. Eightcap allows you to trade commodity CFDs, meaning you’re trading on the price movement of these commodities without owning the actual physical commodity.
    • Crypto: Cryptocurrencies are digital or virtual currencies that use cryptography for security. The most well-known cryptocurrency is Bitcoin, but there are thousands of others as well. Eightcap allows you to trade popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
    • Index: An index is a method to track the performance of a group of assets in a standardized way. Index trading involves trading on the price movements of stock indices like the S&P 500 or the FTSE 100. Eightcap lets you trade index CFDs, meaning you’re speculating on the price movement of these indices without buying the actual stocks.
    • Share: Share trading involves buying and selling shares of individual companies. With Eightcap, you can trade shares from some of the biggest and most well-known companies in the world. This can be done either directly or through CFDs, where you’re speculating on the price movement of the shares without owning them.
    Eightcap Malaysia Assets

    Eightcap Malaysia Trading Platforms

    • TradingView: This is a sophisticated platform that offers a range of tools for traders. It has a user-friendly interface and is designed for both novice and experienced traders. With TradingView, users can create their charts, use technical analysis tools, and even share their trading ideas with a community of users.
    • Eightcap MT4 (MetaTrader 4): This is one of the most popular trading platforms globally due to its simplicity and efficiency. It provides real-time access to the markets and a wide range of trading tools. It also supports automated trading strategies, making it a favorite among algorithmic traders.
    • Eightcap MT5 (MetaTrader 5): This is an upgraded version of MetaTrader 4, offering more tools and features. It supports more order types and has a more robust charting system. It also offers economic news and alerts, giving traders real-time information to make informed decisions.
    • WebTrader: This is a web-based platform offered by Eightcap, meaning you can access it directly from your browser without needing to download any software. It’s designed to be intuitive and easy to use, making it suitable for beginners. It offers a variety of trading tools, including technical analysis indicators, real-time price quotes, and advanced charting tools.

    These platforms offered by Eightcap broker provide a variety of options for traders in Malaysia, catering to different trading styles and experience levels. They offer real-time access to global financial markets, including forex, commodities, indices, and more. With these platforms, traders can manage their trades efficiently and make informed decisions based on real-time market data and advanced analysis tools.

    Eightcap Mobile Trading in Malaysia

    Eightcap offers mobile trading through the MT4 and MT5 platforms. Short for MetaTrader 4 and MetaTrader 5, are popular and widely used trading platforms in forex, CFDs, and other financial markets. They are known for their advanced technical analysis, flexible trading systems, and algorithmic trading tools. Through Eightcap’s mobile trading service, traders can conveniently access these platforms on their smartphones or tablets, allowing them to monitor and execute trades anytime and anywhere. The mobile apps also offer a range of features including real-time quotes, a full set of trade orders, and most importantly, seamless synchronization with the desktop platform.

    Eightcap Oil Trading Malaysia

    Trading Tools

    Eightcap Trading Tools are designed to help traders in their trading activities. They offer features like advanced charting, customizable layouts, technical indicators, and more. These tools are developed to help traders analyze the market, develop trading strategies, and manage their trades effectively.

    • AI-powered Economic Calendar: This is a tool that uses artificial intelligence technology to track economic events and market movements. It provides traders with real-time updates on major economic events, forecasts, and market reactions. The custom AI-powered big data engine provides historical market impact and sentiment analysis. This helps generate daily trading ideas based on over 1000 macro-economic events.
    • Capitalise.ai: This is a platform that allows traders to automate their trading strategies using natural language processing. Traders can simply type in their strategy in plain English, and the platform will automatically execute it. This can save traders a lot of time and effort, and it can also help eliminate human errors.
    • FlashTrader: This is a trading platform that offers fast and reliable trading execution. It provides traders with a wide range of tools and features, including advanced charting, technical analysis tools, and customizable interfaces. It is designed to help traders execute their trades quickly and efficiently.
    • ForexVPS: This is a service that offers virtual private servers specifically for Forex trading. These servers are designed to provide traders with a stable and reliable environment for running their trading platforms and automated trading systems. They can help ensure that trades are executed quickly and without interruptions, even if the trader’s own computer or internet connection is slow or unreliable.

    Introducing the Eightcap Labs

    Eightcap Malaysia is a renowned financial service provider that offers cutting-edge solutions for online trading. One of the key features of Eightcap Malaysia is its innovative Eightcap Labs. This platform is dedicated to research and development, working relentlessly to create advanced trading tools and applications. The lab focuses on integrating the latest technologies, including AI and machine learning, into their trading systems to provide users with an enhanced and seamless trading experience. Whether you are a novice or an experienced trader, Eightcap Labs’ features are designed to help you make the most informed and effective trading decisions.

    Eightcap Labs Malaysia

    Eightcap Deposit Options

    Eightcap, an online forex and CFD broker, provides several deposit options for its clients based in Malaysia. These options allow clients to fund their trading accounts in a way that is most convenient for them. Eightcap minimum deposit requirement is $100.

    • Bank Wire Transfer: This is one of the most common and secure ways to deposit funds. It involves transferring money directly from your bank account to your Eightcap trading account.
    • Credit or Debit Card: Eightcap accepts major credit and debit cards, including Visa and MasterCard. This option provides an instant transfer of funds to your trading account. Please remember that all deposits should originate from a bank account or debit/credit card that is under the same name as your Eightcap trading account. They also accept payments from joint accounts if the name of the depositing party corresponds with our account records.
    • E-Wallets: E-wallets offer a fast and secure way to transfer funds. Eightcap accepts popular e-wallets like Skrill, Neteller, and PayPal.
    • Local Bank Transfer: This option allows you to transfer funds from your local bank account to your Eightcap account. This is a convenient option for those who prefer to keep their transactions local.
    • Cryptocurrency: Some brokers, including Eightcap, are starting to accept cryptocurrency as a form of deposit. This includes popular cryptocurrencies like Bitcoin and Ethereum.

    Remember that while Eightcap does not charge any deposit fees, third-party charges may apply depending on the deposit method you choose. Always check with your bank or payment provider to avoid unexpected fees. Also, the time it takes for the deposit to reflect in your account may vary according to the method used. Transfers between accounts under the same name are executed instantly.


    Eightcap Deposit Options in Malaysia

    Eightcap Withdrawal Options

    • Credit and Debit Cards: Eightcap allows users to withdraw their funds directly to their credit or debit cards. This is a convenient option for many users as most people possess either a credit or debit card. The processing time is usually around 2-5 business days.
    • Bank Wire Transfer: Another option available to users is a bank wire transfer. This method is particularly useful for large amounts, though it might take slightly longer than card withdrawals, typically around 2-5 business days.
    • E-Wallets: Eightcap also supports various e-wallets for withdrawals, including Skrill, Neteller, and PayPal. These offer a quick and easy way of withdrawing funds and usually take up to 24 hours to process.
    • Local Bank Transfer: In some countries, Eightcap allows users to withdraw funds through a local bank transfer. This is usually faster than international bank wire transfers.
    • Cryptocurrency: Some brokers, including Eightcap, are starting to offer withdrawals in the form of cryptocurrency. This method can be faster and cheaper than traditional methods, though it’s not as widespread yet.

    It’s important to note that while Eightcap does not charge any internal fees for deposits or withdrawals, there may be charges from your bank or e-wallet provider. Always check the terms and conditions of your financial provider before making a withdrawal.

    Also, remember that withdrawal requests are processed in the order they are received and can only be made from accounts that have been fully verified. This is part of Eightcap’s commitment to comply with anti-money laundering regulations.

    Education Resources

    Eightcap, a leading brokerage firm, offers educational resources to individuals in Malaysia to help them understand the world of trading and investment. These resources are designed to suit both beginners and experienced traders.

    • Webinars and Workshops: The platform organizes webinars and workshops to educate individuals about the latest trends in the financial markets, trading strategies, risk management, and more. These webinars are hosted by industry professionals who have in-depth knowledge and experience in trading.
    • Online Trading Courses: Eightcap offers online courses that cover different aspects of trading, such as Forex trading, CFDs, commodities, and indices. These courses are designed to provide individuals with comprehensive knowledge about various trading instruments and how to trade them effectively.
    • Trading Guides: The broker offers detailed trading guides that cover a wide range of topics, including technical analysis, fundamental analysis, market psychology, and more. These guides are designed to help individuals make informed trading decisions.
    • Blog: Eightcap maintains a blog that features articles on various trading topics. The blog is updated regularly with new content, providing individuals with up-to-date information about the financial markets.
    • eBooks: Eight cap broker offers a variety of eBooks that cover different aspects of trading. These eBooks provide in-depth knowledge about various trading topics and can be downloaded for free.

    By offering these educational resources, Eightcap aims to empower individuals in Malaysia with the necessary knowledge and skills to navigate the financial markets and make informed trading decisions.

    Is Eightcap Legal in Malaysia?

    Eightcap is legal in Malaysia. Malaysian traders can confidently engage with Eightcap for their forex and CFD trading needs, knowing that they are dealing with a secure and legally compliant platform. Is Eightcap regulated? Yes, the broker is regulated by the following:

    • Eightcap Global Limited is regulated by The Securities Commission of The Bahamas (SCB) (SIA-F220).
    • Eightcap Pty Ltd (ABN 73 139 495 944) is regulated by the Australian Securities and Investments Commission (AFSL 391441).
    • Eightcap Group Ltd is authorised and regulated by the Financial Conduct Authority, FRN 921296. Eightcap Group Ltd is a company registered in England and Wales with registration number 12448314 and registered address 40 Gracechurch Street, London, EC3V 0BT.
    • Eightcap Limited is incorporated in the Seychelles with registration number 196744.
    • Eightcap EU Ltd is incorporated in Cyprus with Registration Number HE329922, authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 246/14, with Registered Office Address Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

    Is Eightcap Halal in Malaysia?

    Eightcap is considered halal in Malaysia. This means that it adheres to the Islamic principles of finance, which prohibit earning money through interest or any form of gambling. It offers an Islamic trading account, also known as a swap-free account, to its Muslim clients. This account type does not involve any swap or rollover interest on overnight positions, which is in line with the Islamic prohibition of usury. Eightcap’s commitment to complying with these principles has made it a popular choice among Muslim traders in Malaysia.

      Eightcap is hala in Malaysia

      Eightcap review Malaysia – Conclusion

      After reviewing Eightcap Malaysia, it is evident that it offers a competitive trading platform for both beginners and experienced traders. With its wide range of financial instruments, user-friendly interface, and top-notch customer service, it has proven to be a reliable and trustworthy platform for trading. However, potential users should also consider their individual trading needs and financial goals before making a decision.

        Future Perspectives on Eightcap Broker in Malaysia

        In Malaysia, Eightcap Broker is projected to witness significant growth in the foreseeable future. This prediction is linked to the increasing interest in online forex trading among Malaysians, the country’s robust economic growth, and the general trend toward digitization. The company’s commitment to offering competitive trading conditions, innovative technology, and excellent customer service also makes it a preferred choice for many traders. Eightcap Broker’s continued effort to comply with regulatory standards and safeguard its users’ interests further strengthens its future position in the Malaysian market. Therefore, it is expected that Eight Cap broker will continue to evolve and expand its footprint in Malaysia, playing a pivotal role in shaping the country’s brokerage industry.

        Eightcap Gold Trading Malaysia