Eightcap has been flagged by Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Carrying on unlicensed capital market activities of dealing in securities This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Eightcap offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Demo account available|Portfolio tracking tools
Cons: Alert system is basic|Limited demo account features
I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that Eightcap 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