EightCap is relatively a new broker which has been active since 2015.
There is not so many comments on the service of this broker though, let’s review what we know about the broker.
Regulation and Fund safety
EightCap is regulated by the Australian Securities and Investments Commission (‘ASIC‘), and the license number is 391441.
ASIC is one of the Authorities with strict rules and policies. ASIC is also known as focusing on the fund security of domestic and international clients, and AML(Anti Money Laundering) policies.
It is one of a Regulatory Authorities which have taken several legal actions to follow regulations of other Authorities of other countries, in order to protect its clients and clients from outside of Australia.
ASIC is strict, and not so many troubles are reported against ASIC regulated companies.
And at EightCap, all clients’ money are held in segregated client trust accounts with the National Australia Bank (‘NAB‘), which is a Tier-1 Australian Deposit-Taking Institution, maintained and operated in accordance with the Australian Client Money Rules.
The segregated account is fully separated from EightCap’s operation, and the company guarantees that they not use client funds for any business purpose other than to cover the positions opened by our clients.
Office in Melbourne, Australia
EightCap seems to be mainly promoting its brand to Asian(China and Korea) and English area, and it has got Shanghai office with another Chinese website which server is located in Singapore.
Aside from the facts that might hint of major Asian personnel, EightCap has got its own office in Melbourne according to our source.
So if you are worried about the credibility of its regulation and office address, please rest assured that you are not investing in a ghost company or some other SCAM brokers.