Eightcap Invest has been flagged by British Columbia Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Customer support at Eightcap Invest seems to be run by people who have never used the platform. Every time I call with an issue, I end up explaining how their own system works before they can help me. It would be funny if my money was not involved.
Pros: Demo account available|Portfolio tracking tools|Detailed reporting|Reliable uptime
Cons: Limited demo account features|Search feature is basic
I joined Eightcap Invest based on a colleague's recommendation and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Good mobile app|Low minimum deposit|Great customer service|No hidden fees
Cons: Account statements could be more detailed
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. Eightcap Invest recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Social trading features|Risk management tools
Cons: Inactivity fee applies after 12 months|Live chat only during business hours
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Eightcap Invest has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.
Pros: Website looks legitimate on the surface
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I opened an account with Eightcap Invest for over a year ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Transparent fees|Two-factor authentication
Cons: Would like more payment methods
After spending for about eight months trying to make Eightcap Invest work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Reliable uptime|Wide product range
Cons: Search feature is basic
Tried to withdraw my funds from Eightcap Invest and was told I needed to pay a "withdrawal tax" of 20%. This is a red flag. No legitimate broker charges withdrawal taxes. When I refused, they became aggressive and eventually stopped all communication. My entire investment is gone.
Pros: Professional looking website
Cons: Blocked my account|No legitimate license|Fake returns
I requested my data from Eightcap Invest under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Educational resources|Transparent fees
Cons: Nothing significant
Do not be fooled by the professional-looking website. Behind the scenes, Eightcap Invest is disorganized and incompetent. I found them after comparing multiple platforms and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Low minimum deposit|Excellent charting|API access
Cons: Withdrawal takes 1-2 business days
I wanted to transfer my portfolio from another broker to Eightcap Invest. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Stable platform|Clean UI|Educational resources
Cons: Wait times can be long during peak hours