Best forex brokers in 2022

An international forex broker based in Australia named Eightcap was established in 2009. The corporation runs two entities that are governed by the Vanuatu Financial Services Commission and the Australian Securities and Investments Commission (ASIC) (VFSC). 

Due to its top-tier ASIC regulation, Eightcap is regarded as secure. 

Pros of Eightcap

  • Among Australian forex brokers, Eightcap has one of the lowest forex commissions. With free deposits and withdrawals on an intuitive website, creating an account was a quick and easy process. 
  • Eightcap (often referred to as “8 cap”) was established in 2009 and is governed by two tier-1 and one tier-2 jurisdictions. 
  • Eightcap offers a vast selection of written content. 
  • provides a wide range of more than 200 cryptocurrency CFDs.

Cons of Eightcap

On the down side, Eightcap’s product line is limited to CFDs (share, commodities, and cryptocurrency) and forex. There are few resources for research and education. Additionally, there is no system in place to protect investors.

Is Eightcap secure? 

This eightcap review will educate you as to whether or not eightcap is secure. Eightcap has an overall Trust Score of 87 out of 99, which is regarded as average-risk. In addition to not operating a bank and not being publicly traded, Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Tier-1 regulators Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority have granted Eightcap authorization (FCA).

Fees and commissions 

Eightcap offers two account types through all of its international subsidiaries, including those in Vanuatu and Australia. Whether you select the spread-only Standard account or the commission-based Raw account will determine the commissions and fees you must pay. 

For its commission-based Raw account, Eightcap lists an average spread of 0.06 pip. However, after accounting for the $3.50 a trade per side commission, the total cost comes to about 0.76 pips, which is just under the industry standard of 0.8 pips. It’s important to note that the published average spread statistics from Eightcap did not include a date range.

Establishing a brokerage firm is simpler than it might first appear. Half the battle is having a strong, reliable trading platform, and MetaTrader 4 is just what you need. 

What is MetaTrader 4?

Typical broker duties including account management, trade processing, and quotation transmission are carried out in MetaTrader 4 with exceptional efficiency. Additionally, the platform can offer backup and data recovery capabilities, a strong security system, and limitless options for functionality growth thanks to the public interfaces (API). 

All of the components required to provide brokerage services are present in meta trader 4 brokers. MetaTrader 4’s back office already includes all the necessary trade servers, access points, manager terminals, different gateways, and data feeds so you may use them for your enterprise.

The MetaTrader 4 client terminals fulfil all of the traders’ wishes by giving them whatever they desire. modern technical analysis, a versatile trading platform, useful mobile features, and successful algorithmic trading. Even the most discerning traders will be impressed by additional Market and Signals services. You can be confident that your clients will benefit from the newest technology and more with MetaTrader 4.