EightCap is an online financial trading company incorporated in Melbourne, Australia, and it is regulated by the Australian Securities and Investments Commission (‘ASIC’) and holds an AFSL number 391441.
The company’s website states that the broker has been active since 2009 though, it came up to public eye from around 2,015. EightCap is relatively a new broker and not so many reviews are seen so far.
ASIC license acquired
EightCap is a fully licensed to offer Financial Services in Australia, as ASIC is the regulatory authority of the company.
Aside from execution quality or other service contents, ASIC almost guarantees the “Credibility” of the licensed companies according to the history of other ASIC regulated companies, and the “ASIC License” itself is not a easy license to acquire.
Also EightCap strives to offer complete STP trading environment without Dealing Desk.
Thus there is no restrictions on the trading platform and no “conflict of interest” between the company and its clients.
EightCap is a new-comer, but may have got a great potential to grow in the market.