Regulatory Benchmarks

ASIC has developed 7 disclosure benchmarks for over-the-counter derivative providers to help retail investors understand the risks associated with Forex and CFD products, assess their potential benefits and decide whether investment in these products is suitable for them.

The table below sets out which benchmarks we meet and how we meet and address them. Please note it is a summary only and should not be relied upon solely. You should refer to our PDS for more detailed information.

BenchmarkMeet Benchmark?Related Information
Client QualificationYesEightCap maintains and applies a Client Qualification policy to ensure all prospective clients have appropriate experience in, or knowledge and understanding in derivative products.

Further information can be found in section 8 of the PDS.
Opening CollateralNoIt is suggested that a limit of $1,000 be accepted for opening payments made by credit card. EightCap accepts credit card payments for more than $1,000 as initial funding in order to provide flexible payment options to clients.

Further information can be found in section 8 of the PDS.
Counterparty Risk – HedgingYesEightCap maintains and applies a written Counterparty Hedging policy to manage its exposure to market risk from client positions.

Further information can be found in section 5 and 6 of the PDS.
Counterparty Risk – Financial ResourcesYesEightCap maintains and applies policies to ensure it meets all financial regulatory obligations including the requirements of an Australian Financial Services Licensee.

Further information can be found in section 5 & 6 of the PDS.
Client MoneyYesEightCap has a detailed Client Money policy and does not use client money for any business purposes.

Further information can be found in section 5, 6, 8 & 9 of the PDS.
Suspended or Halted Underlying AssetsYesEightCap does not allow new positions to be opened when the underlying market is halted or suspended.

Further information can be found in section 8 of the PDS.
Margin CallsYesEightCap maintains and applies a clear written policy in relation to margin call practices and its discretion to close-outs.

Further information can be found in section 5, 6 & 9 of the PDS.
BenchmarkMeet Benchmark?Related Information
Client QualificationYesEightCap maintains and applies a Client Qualification policy to ensure all prospective clients have appropriate experience in, or knowledge and understanding in derivative products.

Further information can be found in section 8 of the PDS.
Opening CollateralNoIt is suggested that a limit of $1,000 be accepted for opening payments made by credit card. EightCap accepts credit card payments for more than $1,000 as initial funding in order to provide flexible payment options to clients.

Further information can be found in section 8 of the PDS.
Counterparty Risk – HedgingYesEightCap maintains and applies a written Counterparty Hedging policy to manage its exposure to market risk from client positions.

Further information can be found in section 5 and 6 of the PDS.
Counterparty Risk – Financial ResourcesYesEightCap maintains and applies policies to ensure it meets all financial regulatory obligations including the requirements of an Australian Financial Services Licensee.

Further information can be found in section 5 & 6 of the PDS.
Client MoneyYesEightCap has a detailed Client Money policy and does not use client money for any business purposes.

Further information can be found in section 5, 6, 8 & 9 of the PDS.
Suspended or Halted Underlying AssetsYesEightCap does not allow new positions to be opened when the underlying market is halted or suspended.

Further information can be found in section 8 of the PDS.
Margin CallsYesEightCap maintains and applies a clear written policy in relation to margin call practices and its discretion to close-outs.

Further information can be found in section 5, 6 & 9 of the PDS.

Head Office:
Level 11, 356 Collins Street
Melbourne, VIC
3000 Australia

Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with EightCap, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing substantially more than your initial investment). A Product Disclosure Statement (PDS) and a Financial Services Guide (FSG) for our products are available to download from our Legal Documentation page. You must assess and consider them carefully before making any decision about using our products or services.

EightCap is a registered business name of EightCap Pty Ltd (ABN 73 139 495 944). We are regulated by the Australian Securities & Investments Commission (ASIC) - our AFSL number is 391441. This licence authorises us to provide financial services to people in Australia.

The information on this website is of a general nature only and is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. EightCap is not a financial adviser, and does not issue advice, recommendations, or opinion in relation to acquiring, holding or disposing of a margined transaction. We provide general advice only and accordingly you should consider how appropriate the advice (if any) is to your objectives, financial situation and needs before acting on the advice.