Eightcap is a globally recognised forex and CFD broker founded in 2009 and headquartered in Melbourne, Australia. Over the years it has expanded into a multi-regulated broker with entities supervised by the Australian Securities and Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), the Seychelles Financial Services Authority (SCB) and the Vanuatu Financial Services Commission (VFSC). For Israeli retail traders, Eightcap offers an interesting mix of institutional-grade technology and accessible trading conditions, including tight spreads, high leverage of up to 1:500, and support for popular deposit methods such as Skrill, bank transfer and the stablecoin USDT. In a market where many international brokers have left the region or refuse Israeli clients, Eightcap continues to accept accounts from Israel, making it a relevant choice for traders looking for global exposure. The broker supports MT4, MT5, cTrader and TradingView, covers a wide range of instruments including forex pairs, gold, oil, indices and crypto, and provides swap-free Islamic accounts for Muslim traders. The overall score of 4.1 out of 5 reflects strong execution technology and a valuable feature set, though Israeli traders should note that Eightcap does not hold a local licence from the Israel Securities Authority (ISA), meaning they rely on the suitability, not the safety, of the offshore entity.
| Detail | Information |
|---|---|
| Founded | 2009 |
| Headquarters | Australia |
| Regulated by | ASIC,FCA,SCB,VFSC |
| Min Deposit | $100 |
| Max Leverage | 500 |
| Platforms | MT4, MT5, cTrader, TradingView |
| Islamic Account | Available |
| Copy Trading | Not available |
| Demo Account | Available |
| Instrument | Typical Spread | Commission/Lot | All-In Cost | Standard Spread |
|---|---|---|---|---|
| EUR/USD | Check broker | Varies | Varies | Check broker |
| Feature | Available |
|---|---|
| Demo Account | Yes |
| ECN/Raw Account | Yes |
| Islamic (Swap-free) | Yes |
| Scalping Allowed | Yes |
| Hedging Allowed | Yes |
| Expert Advisors (EA) | Yes |
| Copy Trading | No |
Eightcap offers a genuine swap-free account for Muslim traders, which complies with Sharia rules by removing all interest on overnight positions. This means you will not be charged rollover or swap fees when holding positions past 5pm New York time, allowing Israeli Muslim traders to hold trades indefinitely without accumulating interest. To activate the Islamic account, open a standard or raw account and submit a request to support, providing the usual KYC documents. The swap-free status typically applies to forex pairs, metals and CFD indices, though some brokers add a service fee or widen the spread to compensate for the removed interest. We have not seen hidden fees in day-to-day operation, but it is recommended to verify current terms directly with the support team before opening positions, especially for cryptocurrency CFDs, which may have a different overnight financing policy.
| Feature | Details |
|---|---|
| Islamic Account Available | Yes |
| Swap Fees | No swap fees |
| Hidden Admin Fees | Verify with broker before trading |
| How to Apply | Contact support after opening standard account |
| Approval Time | Usually same business day |
| Asset Class | Examples | Available | Typical Spread |
|---|---|---|---|
| Forex Major Pairs | EUR/USD, GBP/USD, USD/JPY | All available | Check broker |
| Gold (XAU/USD) | Spot Gold | Available | — |
| Silver (XAG/USD) | Spot Silver | Available | Check broker |
| Oil CFDs | WTI Crude, Brent Crude | Available | $0.03–$0.05 |
| Stock Indices | S&P500, NASDAQ, DAX, FTSE | Available | 0.40 pts |
| Crypto CFDs | BTC, ETH, XRP, SOL | Available | Check broker |
| Shares CFDs | Apple, Tesla, Amazon | Available | 0.02% |
| Broker | Min Deposit | EUR/USD | Islamic | TradingView | Score |
|---|---|---|---|---|---|
| Eightcap (current) | $100 | Check broker | Yes | Yes | 4.1 |
| Pepperstone | $0 | 0.09 pips | Yes | Yes | 4.9 |
| IC Markets | $200 | 0.02 pips | Yes | No | 4.8 |
| Exness | $10 | 0.10 pips | Yes | No | 4.8 |
Eightcap is a strong choice for Israeli retail traders who value trading conditions over local licensing. The broker has a long track record since 2009, multi-regulatory oversight, competitive spreads, and supports payment methods that are particularly useful in Israel, such as USDT and Skrill. The availability of Islamic accounts expands its appeal to the diverse Israeli market. However, the lack of an ISA license means you are on your own when it comes to dispute resolution and compensation. We would recommend Eightcap to experienced traders who understand offshore broker risks, want fast execution on MT4/MT5/cTrader or TradingView, and prefer to deposit in USDT. Beginners who need regulatory protection or Hebrew support should consider a licensed local broker or an EU-regulated alternative instead. If you decide to trade with Eightcap, start with a demo account, verify your entity carefully, and never deposit more than you can afford to lose.