Eightcap UAE Review

Eightcap Broker UAE – Introduction

Eightcap, founded in 2009 in Melbourne, Australia, had a simple mission: to provide excellent financial services to its clients. This fundamental principle remains the bedrock of all Eightcap operations, contributing significantly to their success. In this Eightcap review UAE, we will delve deeper into Eightcap’s features and understand why it is hailed as one of the best online trading platforms in the UAE.

Eightcap broker UAE is a renowned international brokerage firm that has established a strong presence in the United Arab Emirates. This firm specializes in providing top-notch trading services for various financial instruments including Forex, commodities, indices, and shares. Eightcap UAE boasts of advanced trading technology, a user-friendly interface, and a high level of security, making it an ideal choice for both novice and experienced traders in the region. Committed to delivering an unrivaled trading experience, Eightcap UAE adheres to strict regulatory standards and offers a wide range of educational resources, ensuring clients are well-equipped to navigate the financial markets.

Check out our Binary Options Trading in UAE review here.

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Eightcap Account Types

• Raw Account: Perfect for people who mainly trade forex CFDs or experienced traders, with spreads starting from 0.0 pips. Requires a minimum deposit of $100 and a minimum trade size of 0.01 (depending on the instrument). It is compatible with Expert Advisors.
• Standard Account: There’s no commission required, the least amount to deposit is $100, and spreads can go as low as 1.0 pips. The least trade size is 0.01, although this may differ based on the instrument. It is also compatible with Expert Advisor.
• TradingView Account: The biggest global trading network with advanced graphing capabilities. It uses an exclusive Pine-Script language and requires a minimum deposit of $100. The spreads start from 1.0 pips, there is no commission, and the trade size is 0.01/100 lots.

Islamic Account

Eightcap Islamic Account UAE is a specialized trading account that complies with the principles of Islamic Sharia law. This account type is specifically designed for Muslim traders who want to engage in online trading while remaining in line with their religious beliefs. The key feature of the Eightcap Islamic Account is the absence of swap or interest rates, which is considered “Riba” and is prohibited in Islam. This makes the Eightcap Islamic Account a “swap-free” account. Besides this, the account also provides access to all the regular features and trading instruments available in other Eightcap accounts, including forex, indices, commodities, and shares. It’s a great option for individuals in UAE looking for a halal trading solution.

Eightcap UAE Review – Tradeable Instruments

Eightcap broker is a well-known financial trading platform that offers a wide range of tradeable instruments. For those in the United Arab Emirates (UAE), the platform provides an opportunity to trade in various financial markets. Here are the tradeable instruments you can find on Eightcap in the UAE:

• Forex: Forex trading, also known as foreign exchange trading, involves buying and selling currencies against each other. Eightcap allows traders to access major, minor, and exotic forex pairs, offering competitive spreads and leverage.
• Commodities: Commodities trading involves buying and selling physical goods like gold, oil, natural gas, and agricultural products. With Eightcap, UAE traders can speculate on price movements of these commodities without actually owning them.
• Indices: Indices are a measurement of the price performance of a group of shares from a specific exchange. Eightcap provides access to trade on global indices such as the Dow Jones, S&P 500, NASDAQ, and more.
• Shares: Also known as stocks or equities, shares represent ownership in a corporation and constitute a claim on part of the corporation’s assets and earnings. Eightcap provides access to shares from popular markets such as the US, UK, and Europe.
• Cryptocurrencies: Cryptocurrencies are digital or virtual currencies that use cryptography for security. Traders in the UAE can trade popular cryptocurrencies like Bitcoin, Ethereum, and Ripple on the Eightcap platform.

Eightcap offers a user-friendly and intuitive trading platform, with advanced charting tools and features to help both beginner and experienced traders. Additionally, they offer educational resources to help traders understand the market better and make informed trading decisions.

Trading Platforms

TradingView

With TradingView, you have the ability to trade utilizing over 15 adjustable chart types such as Kagi, Renko, and Point & Figure. It also enables you to use as many as 8 synchronized charts per tab, inclusive of symbols, time intervals, and over 90 intelligent drawing tools. You can tap into a wide array of top-notch technical indicators and well-known pre-configured ones based on standard formulas in the industry.

Moreover, you can select from over 100,000 indicators built by the community or design your own using the Pine-Script language provided by TradingView. Alerts related to price levels, indicators, and custom indicators can be established with at least 10 different alert condition types across all available categories.

For trading while on-the-move, connect your Eightcap Account to the TradingView mobile app, which is accessible on both iOS and Android platforms.

What are the steps to link your Eightcap Account to TradingView?

• First, while applying, establish your Eightcap credentials and choose TradingView as your preferred platform.
• Afterward, on TradingView, launch a chart and pick the ‘Trading Panel’ tab.
• From the provided list, choose Eightcap and continue to abide by the guidelines to connect your newly created Eightcap account details.

Benefits of Downloading the TradingView App for PC:

• Enhanced Performance:  The downloadable version of TradingView provides superior performance and faster loading times than its browser-based version.
• Offline Access: The downloaded app allows you to access charts, indicators, and other features even when there’s no internet connection, ensuring uninterrupted analysis and trading.
• Exclusive Application for TradingView: The desktop app is specifically designed for TradingView, offering a more tailored experience without the need for a web browser.
• User-Friendly and Easily Accessible: Once you download TradingView, the platform is immediately available on your desktop for market analysis or trading when you need it, making it more convenient.

Eightcap MT4 (MetaTrader 4)

Experience the versatility of trading using MetaTrader 4, where you can trade CFDs with up to six types of pending orders and instantaneous market execution. The platform’s trading robots allow you to track financial instruments 24/7. Leverage the power of MT4’s Expert Advisors (EAs) to ensure you’re always in tune with market movements. Experience the full capabilities of MT4’s analytical functions, featuring 30 integrated indicators, 2,000 complimentary custom indicators, and more than 700 premium indicators, allowing you to evaluate markets of any complexity level.

The Eightcap MT4 platform maintains top-notch security measures by ensuring safe data transfer between the user’s terminal and the platform servers, utilizing 129-bit encryption for exchanges between clients’ terminals and brokers’ servers. RSA digital signatures and advanced SSL certification processes are also supported by the platform. Eightcap MetaTrader 4 offers 24 analytical objects, such as lines, channels, Gann and Fibonacci tools, shapes, and arrows. MT4 is available for download on Windows, Mac, iOS, and Android.

Eightcap MT5 (MetaTrader 5)

Maintain a keen eye on market fluctuations by developing trading bots that adhere to your instructions and oversee financial tools 24/7. Automate your trading and analysis tasks by utilizing MetaTrader 5’s Expert Advisors (EAs) through its user-friendly MQL5 Wizard interface. Eightcap MetaTrader 5 offers a sturdy and adaptable trading system, enhanced by sophisticated market depth features including distinct accounting for orders and trades, and comprehensive support for trading orders and execution points. Analyze both short-term price changes and long-term market trends.

Keep track of up to 100 charts of your selected instruments using a charting system that provides 21 time-frames and more than 80 integrated technical indicators. MetaTrader 5’s economic calendar includes over 600 macroeconomic indicators affecting the world’s top 15 economies, such as the USA, Europe, Japan, Canada, Australia, China, among others. Get Eightcap MT5 on Windows, Mac, iOS, and Android devices.

Eightcap WebTrader

The Eightcap WebTrader Platform is an advanced online trading platform designed to provide a smooth trading experience for its users. It grants access to numerous global financial markets, enabling users to trade in different financial instruments such as forex, indices, shares, and commodities. The platform is well-known for its easy-to-use interface, state-of-the-art charting tools, and real-time price feeds that assist traders in making informed decisions. The Eightcap WebTrader platform can be accessed via any web browser, eliminating the need for software installation and making it ideal for trading on the move. It also provides a variety of features such as stop loss, take profit, and real-time balance checks for effective risk management.

Eightcap UAE Review – Trading Tools

ForexVPS

Enjoy the epitome of versatile and adjustable trading with ForexVPS. Access your trades via a virtual desktop at any time, from any location, and using any device. Stay a step ahead in the forex markets with an ultra-fast connection and execute trades instantly at incredible speeds with extremely low latency. With Virtual Private Servers, there’s no need to worry about physical components. Say goodbye to disruptions or downtime due to power failures or other interruptions.

Regardless of the network connection, ForexVPS will continue to operate. Its virtual hosting environment is ideal for algorithmic and high-frequency traders, or those who want to operate Expert Advisors (EAs) round-the-clock without the need to oversee them on their own systems. Reduce your trading expenses with our competitive and clear spreads across different markets, which are up to five times less expensive than those offered by other top forex brokers.

For a free VPS, all you need to do is open a live trading account with Eightcap and deposit at least $1,000. To keep enjoying the free VPS, ensure a monthly minimum trading volume of 5 lots. However, keep in mind that ForexVPS is not accessible for clients based in Australia.

Employ automation to eradicate emotional prejudice from your trading decisions. Create a solid trading scheme based on pre-set conditions to avoid human mistakes caused by fear, uncertainty, or doubt. Use trading methodologies that continuously keep an eye on the markets, liberating you from the duty. Cultivate automatic strategies that trigger according to particular conditions or choose from an extensive assortment of templates for utmost adaptability. Without any need for coding skills, you can devise automated trading solutions based on macroeconomic episodes, different time frames, and other technical signals using simple language.

You can also tap into well-known tactics from a vast library of templates. Make each step meaningful by creating personalized smart alerts based on previously established trading conditions and market scenarios. Remain informed with instant notifications no matter your location. Improve your trading tactics with a quick, risk-free backtest, utilizing genuine historical market data to assess your strategy’s effectiveness in a secure setting. Don’t be restricted to your desktop. Get round-the-clock updates on the market and strategy performance. React promptly to market conditions and modify your strategies on the go with the Capitalise.ai Mobile App.

To get access to Capitalise.ai, you need to set up an MT4 account with Eightcap, authenticate your account by providing the required documents, and then connect your account with Capitalise.ai.

FlashTrader makes your trading strategy more manageable by automatically incorporating stops and targets into every transaction. It enables you to gain profits from half of your position and instantly moves the stop to break-even, aiming for a possibly bigger second profit. With FlashTrader, you can stake the same amount irrespective of the instrument’s price, whether it’s 1 or 10,000, simplifying risk management. It assists you in balancing your size and aiming for multiple profits with single-click trading, instantaneously and automatically.

If you want to download FlashTrader, just visit your Client Portal in a live Eightcap MT5 trading account and download it for permanent access. Be aware that this tool is specifically created for the Eightcap MetaTrader 5 platform.

The Acuity Economic Calendar offers an extensive overview of worldwide macro-economic occurrences. It promptly and efficiently presents fresh trading concepts from more than 100 nations and over 1000 economic events. The calendar provides an in-depth summary of important global events that have an impact on financial markets, and comes with tools to handle market instability caused by these events.

Sophisticated AI sorting enables you to customize your preferred areas and vibrant components facilitate swift recognition of high, medium, and low-impact events. Evaluate the volatility after a particular event within specific time periods to ascertain the best points to enter and exit. Comprehend possible market shifts through price, sentiment, and potential range charts for periods before, during, and after an event.

Keep updated of the most recent news from FX Street Newswires, which offers vital data and expert insight for making well-informed decisions. The Acuity economic calendar can function as an EA tab on the MT4/5 Research Terminal, permitting you to view news, sentiment data, and additional features in a single window.

Eightcap Deposit Options in UAE

Eightcap, an online trading platform, offers several deposit options for traders and investors in the United Arab Emirates (UAE). Here are some of the deposit options that you might find convenient:

• Bank Transfer: This is one of the most common deposit options. You can directly wire the money from your bank account to your Eightcap account.
• Credit/Debit Card: Eightcap accepts major credit and debit cards such as Visa, MasterCard, and Maestro. This method is usually instant and hassle-free.
• E-Wallets: Eightcap also supports various electronic wallets for deposits, such as Skrill, Neteller, and PayPal. These options offer a quick and easy way to fund your trading account.
• Cryptocurrency: Some Eightcap platforms also allow for cryptocurrency deposits. You can deposit Bitcoin, Ethereum, and other popular cryptocurrencies into your Eightcap account.
• Local Bank Transfers: In some cases, Eightcap also accepts local bank transfers. This can be a very convenient option if you have a bank account in the UAE.

Remember that the availability of these options can vary based on regulations and the specific policies of Eightcap forex UAE. It’s always a good idea to check with Eightcap’s customer service for the most accurate and up-to-date information. Additionally, keep in mind that fees and processing times can vary depending on the deposit method chosen.

Eightcap Withdrawal Options UAE

Eightcap is a global forex and CFD broker that provides various options for withdrawing funds in the UAE. These options are designed to provide convenience and flexibility to traders in the UAE. Here are the withdrawal options:

• Bank Wire Transfer: This is the most traditional method of withdrawing funds. It involves transferring money directly from your Eightcap account to your personal bank account. The processing time for bank wire transfers may vary depending on the bank.
• Credit/Debit Card: If you initially deposited funds using a Credit or Debit Card, you can withdraw the money back to the same card. This is often the quickest and easiest method of withdrawal.
• E-Wallets: Eightcap also supports various e-wallets for withdrawals. These include PayPal, Neteller, and Skrill. E-wallets are usually the fastest method for withdrawals, with funds often available within 24 hours.
• Local Bank Transfer: In some cases, Eightcap may also allow you to withdraw funds through a local bank transfer. This method can be more convenient for traders in the UAE as it avoids the need for currency conversion.
• Broker to Broker Transfer: This is a less common method of withdrawal, but it can be useful for traders who want to move their funds to another broker. This withdrawal option must be facilitated by both brokers.

It’s important to note that while Eightcap UAE does not charge any internal fees for withdrawals, third-party transaction fees may apply depending on the withdrawal method chosen. Also, the availability of these withdrawal options may vary depending on regulatory requirements and the policies of your financial institution.

Research and Education

Eightcap forex UAE regularly hosts both virtual and physical events for its users. The main aim of these events is to offer practical insights on trading, market dynamics, and innovative strategies. They also serve as a platform for users to connect with fellow traders, exchange experiences, and learn from one another. Often, these events may include guest speakers who are specialists in forex trading or finance, offering a significant learning experience.

Provides virtual seminars, commonly known as webinars, which can be attended by individuals from the convenience of their own homes. These webinars, similar to their events, are designed to provide knowledge on forex trading. Topics covered might include trading tactics, risk control, technical examination, market news, and so on. Experienced traders or market professionals, who share their knowledge and experiences, usually host these webinars.

• Upcoming Trading Week (Live): This function offers real-time updates on the imminent trading week. It incorporates insights on anticipated market trends, possible investment prospects, and any future economic events that could influence trading. This live tool enables traders to stay current and make knowledgeable decisions instantaneously.
• Trading Forecast (Video): These videos are an excellent resource for visual and auditory learners, offering an understanding of market patterns, predictions, and possible trading tactics. They are usually delivered by seasoned traders or market analysts, giving viewers access to professional knowledge and recommendations.
• Trading Concepts (Article): Users have the opportunity to read articles that suggest trading concepts influenced by present market situations and predictions. These articles can spark ideas for trading methods and assist users in spotting possible investment prospects. The articles’ content frequently relies on thorough market research and professional advice.

Eightcap Labs specializes in conducting in-depth research and development within the trading industry. They supply numerous tools that assist individuals in comprehending and operating more efficiently in the trading environment.

• Their ‘Study Trading Fundamentals‘ tool offers detailed knowledge, suitable for novice and seasoned traders alike, about the essential concepts of trading. This encompasses grasping trading terms, interpreting market trends, deciphering economic news, and handling trading risks.

• The ‘Trading Strategies‘ tool provides comprehensive analysis into numerous trading strategies that can be used in diverse market scenarios. This might include short-term trading techniques such as day trading and scalping, or long-term methods such as position trading and swing trading.

• Eightcap Labs also provides ‘e-Books and Guides‘ which are designed to offer comprehensive knowledge on different facets of trading. These resources, which cover topics from basic to advanced trading techniques, are presented in a user-friendly manner. They are highly beneficial educational tools for both beginners and experienced traders.

Eightcap Review UAE – Conclusion

After conducting an in-depth analysis, it can be concluded that Eightcap broker has established a strong presence in the UAE. It has successfully managed to cater to the needs of various traders in the region, offering competitive trading conditions and a wide range of financial instruments. Despite the highly competitive market, Eightcap’s commitment to providing superior customer service, advanced trading platforms, and innovative trading tools has solidified its position in the UAE’s financial sector.