Eightcap was founded in 2009 and has grown into a global multi-regulated forex and CFD broker, now serving more than 200,000 clients in over 90 countries. Headquartered in Melbourne, Australia, the broker is particularly relevant for Switzerland retail traders because it combines low-cost raw spreads, a transparent execution model, and a platform ecosystem that includes MetaTrader 4, MetaTrader 5, cTrader, and TradingView. For Swiss investors accustomed to high banking standards, Eightcap's efficiency and modern technology can be a welcome change, although it operates without a Swiss FINMA banking licence. The broker's ECN accounts bring tight raw spreads starting at 0.0 pips with a modest commission, appealing to active Swiss scalpers and intraday traders. Additionally, its support from 3:00 am to 2:00 pm CET and multilingual assistance covering English and German make life easier for Swiss traders in the German-speaking regions. The $100 minimum deposit is ideal for those starting out, while the range of 1,400+ tradable instruments across forex, metals, indices, and crypto covers the bulk of retail trading interest. This review outlines regulation, trading costs, platforms, and payment methods to help you decide if Eightcap is the right fit.
| 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 |
As a global broker with a sizable Middle Eastern and Asian clientele, Eightcap provides an Islamic (swap-free) account for Muslim traders in Switzerland. It can be activated on both the Standard and Raw accounts, and is genuinely swap-free — no overnight financing is charged on positions held over daily rollover. Some brokers hide costs by widening spreads, but Eightcap reportedly keeps the same raw pricing, making it a genuine option. To request the account, Swiss Muslim clients should open a live Standard or Raw account first, then contact customer support or the onboarding team via email with a swap-free request. The account is supported on MT4 and MT5, but not on cTrader or TradingView. The only caveat is that, if the account remains inactive for 90 days, it may be returned to a regular account. For those trading EUR/USD, USD/CHF or gold, an Islamic account on Eightcap is a practical and sharia-compliant choice.
| 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 highly capable forex broker for the majority of Switzerland-based retail traders, particularly those who are comfortable managing their own risk and who prioritise tight spreads, strong platforms and fast execution. The broker’s regulation across multiple jurisdictions, while not including FINMA, should not place it automatically in the same category as 'offshore', because the ASIC and FCA entities are well-recognised. The lack of local Swiss investor protection is the main reason we would not recommend taking excessive risks with this broker. Instead, keep your account funded appropriately for your trading strategy. We recommend Eightcap for Swiss scalpers, algorithmic traders using MT4/MT5 EA, and crypto-CFD traders who want a secure and reliable broker with a low $100 entrance. If you are a high-net-worth investor seeking Swiss banking-grade guarantees and personalised advisory, you may be more comfortable with a FINMA-regulated provider. For the rest, Eightcap remains a top candidate in 2026.