Eightcap is an Australian global forex broker that was founded in 2009. The company operates two entities, regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Eightcap is considered safe because it is regulated by the top-tier ASIC.
Eightcap has one of the lowest forex fees among Australian forex brokers. The account opening was a seamless and simple experience, with free deposits and withdrawals on a user-friendly platform.
We recommend Eightcap for users looking for a MetaTrader 4-5 broker with low forex fees and fast and easy account opening. It is also great that deposits and withdrawals are free of charge on the broker's end, with a user-friendly process.
On the other hand, available products are limited to CFDs, forex and cryptos (for MT5 clients). The research and educational tools are also limited.
Feel free to try Eightcap if you'd like to have a verified broker account with low forex fees within a day.