Eightcap review

Three real licences, and the FCA permissions name retail clients rather than stopping at professional. The caution is not about the firm: the FCA warning list carries a separate entry for eightcap.vip, a site trading on the name.

Last verified 21 August 2026 · how we check

Three registers, three entries, and one warning that is not about the company at all. The distinction is the whole review.

What the registers return

Companies House number 12448314 for the UK entity.

The field we now check on every firm

An FCA authorisation carries a customer type on each permission, and it decides whether the licence covers you. Eightcap’s read:

Eligible Counterparty, Professional, Retail (Investment)

That is on dealing as principal, dealing as agent, and making arrangements. Retail is named. We check this line every time because the answer varies more than anyone expects: Exness (UK) Ltd holds a live FCA authorisation with no retail on any permission, and OX Securities holds a real ASIC licence whose text stops at wholesale clients.

The Australian licence has been running since April 2011, which makes it one of the older retail FX licences we have looked up.

The warning is about a different address

The FCA’s unauthorised list carries an entry for “Eightcap VIP / eightcap.vip”. That is not the broker’s domain, and the pattern is the ordinary one: a third party builds a site on a licensed firm’s name, and the regulator publishes a warning so consumers can tell them apart.

We flag it because it is the exact situation where a warning gets misread. Seeing “Eightcap” on an FCA warning list and concluding the broker is unauthorised would be wrong, and so would ignoring the entry entirely, because someone is actively using the name.

Compare IC Markets, where the FCA warning names the group’s own global domain rather than an impostor’s. Same list, opposite meaning, and the only way to tell is to read which address is printed.

What the licences buy and what they cap

Retail leverage under all three regulators is capped at 30:1 on major FX, with lower caps by asset class, set out in leverage limits by regulator. An Eightcap account offering far more is not the FCA, ASIC or CySEC entity.

Compensation differs by entity: FSCS behind the UK company for eligible claimants, the ICF behind the Cyprus company, and neither of those in Australia, which relies on a different mechanism.

What to check before funding

The exact domain you signed up through. This review exists partly because one character’s difference in an address changes which of the four rows above applies.

The entity named in your client agreement, which decides your regulator and your compensation scheme.

The all-in cost on your account type, spread plus commission, which no register contains and which varies more between account tiers than between brokers.

What we checked, and what we didn’t

We read the FCA register entry for FRN 921296 including customer type on each permission, searched the ASIC and CySEC registers we hold locally, and read the FCA warning list, all on 21 August 2026.

We have not opened an account, deposited money, or tested spreads, execution or withdrawals. The verdict is caution for the ordinary reason that we have not been a client, not because the registers raised anything against the firm.

Sources

• FCA — Financial Services Register, FRN 921296
• ASIC Financial Services Licensee Register, AFSL 391441
• CySEC — register of Cypriot investment firms