Why Trade Forex?
24/5 market – Foreign exchange market opens Monday morning and trades though to Saturday morning with no breaks.
24/5 market – Foreign exchange market opens Monday morning and trades though to Saturday morning with no breaks. This eliminates the daily gap risk seen with equity markets. There can be gaps on Monday’s open due to weekend influences. Traders can rest easy knowing there account will not face daily opening gaps.
Lower risk trading – unlike stocks and futures forex rarely moves more than 2% in a day due to higher liquidity. Options and Futures come in one or two sizes. A forex trader can customize their position size to suit their risk requirement per trade. Eightcap allows their clients to trade down to 10 cents per pip movement by simply changing the contract volume. Futures come in two fixed contract sizes full and mini. Traders enjoy the same amount of liquidity regardless of their trade size. Eliminating low liquidity issues when exiting or opening a position.
Flexible leverage – Eightcap allows you the trader to set the leverage that suits your trading style. Some traders require lower leverage to meet their risk while other traders require higher leverage to suit their trading styles. Eightcap offers its traders leverage from 1:1 – 1:400. Giving you control of your account. The higher the leverage the higher the risk, the flip side of this is you can start trading with much smaller amount. Traders can dip their toes into forex traders with as little as a few hundred dollars.
Position flexibility – enjoy selling a market as easy as buying a market, no need to borrow any stock.
No middlemen – Forex trading eliminates the middlemen. Trading via Eightcap platform allows you the trader direct instant access to the Foreign Exchange market.
Lower trading costs – no exchange fees. No commission trading or low commission trading.
Level 6, 360 Collins Street
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.