Recalculated 2026-11-02 · Established 2015 · Eightcap Global Limited
Eightcap — South Africa
Eightcap is rated 2.03 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn 7 USD, residents accepted — Through an offshore entity.
Suits you if a swap-free account is available · it runs 5 trading platforms · it has been trading for 11 years
Look elsewhere if the minimum is 100 USD against 50 USD in this market · it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- Eightcap Global Limited
- Licence number
- not stated
- Established
- 2015group
- Min deposit, USD
- 100 USDgroup
- Platforms
- MT4 · MT5 · TradingView · WebTrader
- Local funding
- Cards, bank wire, Skrill, Neteller; no verified
- Max leverage
- 500geo
- EURUSD
- 1 pipsgroup
Accounts (2)
2 of 2 accounts with a published cost per lot
2 of 2 shown
Click a column heading to sort. Figures are list terms, no promo codes.
This broker against the South Africa middle (81 of 104)
| Eightcap | South Africa median | |
|---|---|---|
| Round turn, USD | 7.0 USD | 7.0 USD |
| Min deposit, USD | 100 USDgroup | 50.0 USD |
| Max leverage | 500geo | 500.0geo |
| Withdrawal, h | 1-5 business daysgroup | 24.0 h |
| EURUSD, standard | 1 pipsgroup | 1.0 pips |
| EURUSD, raw | 0 pipsgroup | 0.0 pips |
| Established | 2015group | 2009.0 |
| Platforms | 5 | 3.0 |
Onboards residents through an offshore entity
Offshore (Bahamas SCB) for ZA clients; not FSCA-authorised and no local statutory compensation scheme.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about Eightcap.
- Who actually onboards you
- Eightcap Global Limited
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (5/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:26.7% × 4.50+ 26.7% × 0.50+ 20.0% × 0.00+ 13.3% × 2.75+ 13.3% × 2.50= 2.03
Shown, not ranked: no review-platform rating
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
Eightcap Global Limited
Offshore entity
South African retail clients are onboarded under the offshore Eightcap Global Limited (Bahamas, SCB).
What each account gives you
Standard (commission-free) and Raw; min deposit USD 100.
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min deposit USD 100; no broker-side deposit/withdrawal fees.
What the broker publishes about payouts
Trading software and asset classes (5)
MT4 · MT5 · TradingView · WebTrader · TradeLocker
800+ CFDs: ~56 forex pairs, indices, metals, energies, ~580 share/ETF CFDs and a large crypto CFD range (100+ coins).
Reviews
4.3 out of 5 · 4 reviews
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (2)
- Round turn 7.0 USD against a South Africa median of 7.0
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
Australia, Saint Lucia, Cuba, Iran, Iraq, Democratic People’s Republic of Korea (North Korea), Myanmar, Russia, Crimea, Donetsk, Luhansk, Sevastopol, Somalia, Syria, Central African Republic, Mali, Democratic Republic of the Congo, Guinea-Bissau, Sudan, South Sudan, Afghanistan, Lebanon, Yemen, Zimbabwe, Libya
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (2)
2 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- The broker's own documents
- 1eightcap.com/en/abouteightcap.com · pageBroker
- Aggregators and directories
- 2fxscouts.co.za/broker/eightcapfxscouts.co.za · pageAggregator
FAQ (5)
Does Eightcap accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of Eightcap?
Eightcap Global Limited
What licence does Eightcap hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at Eightcap?
7.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from Eightcap take?
Eightcap publishes 1-5 business days. Their own wording: “Processing time (withdrawals) 1-5 business days”.