Eightcap Review (Canada): Fees, Interac, and Is It Legit?
Eightcap's Raw account starts at 0.0-pip spreads with a $3.50 CAD commission per side ($7.00 round trip) direct, or $3.00 CAD per side ($6.00 round trip) when the account is opened through SmartProfitFX, and its Standard account starts at 1.0 pips with no commission. Both take a $100 minimum deposit, both let Canadians hold a CAD base currency, and both run on MT4, MT5, and TradingView, with demo accounts available to Canadians (Eightcap partner desk, July 2026). TradeLocker is also offered, though its availability can vary at registration; check the client portal.
The figures here come from Eightcap's published pages and confirmations from Eightcap's partner desk. It covers what you actually pay, how Interac funding works from Canada, and the regulation reality that Eightcap is not registered with CIRO, so a Canadian account has no CIPF protection. Opening through SmartProfitFX gives you the same Eightcap Raw account at $6.00 round trip instead of $7.00 direct, from a $3.00-per-side rate rather than $3.50.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
Eightcap fees at a glance
Every figure below is from Eightcap's account-options page, checked 2026-07-06.
Full fee comparison: Standard vs Raw vs Raw via SmartProfitFX
The Raw account's edge is the tight spread; its cost is the commission. This is how the three routes line up on a standard lot.
| Cost item | Standard (direct) | Raw (direct) | Raw via SmartProfitFX |
|---|---|---|---|
| Spread from | 1.0 pips | 0.0 pips | 0.0 pips |
| Commission per side | None | $3.50 CAD | $3.00 CAD |
| Commission round trip | None | $7.00 CAD | $6.00 CAD |
| Minimum deposit | $100 | $100 | $100 |
| CAD base currency | Yes | Yes | Yes |
| Platforms | MT4, MT5, TradingView (TradeLocker availability can vary at registration; check the client portal) | MT4, MT5, TradingView (TradeLocker availability can vary at registration; check the client portal) | MT4, MT5, TradingView (TradeLocker availability can vary at registration; check the client portal) |
Standard has no commission but a wider spread; Raw pays for a near-zero spread with commission. The only difference between the two Raw columns is price: $3.50 per side ($7.00 round trip) direct, $3.00 per side ($6.00 round trip) through SmartProfitFX, a $1.00 saving per round-trip lot on the identical Eightcap account. The discount applies automatically (Eightcap partner desk, July 2026) when the account is opened through the SmartProfitFX link and costs you nothing extra.
Open the Eightcap Raw account through SmartProfitFX
You get the same Eightcap Raw account, the same platforms, and the same 800+ CFD markets, with round-trip commission of $6.00 instead of $7.00, from a $3.00-per-side rate rather than $3.50. The discount applies automatically (Eightcap partner desk, July 2026) through the link and costs you nothing extra. If Eightcap is already the setup you want, this is the cheaper way in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
Funding from Canada: Interac and CAD accounts
Interac deposits are instant, with a $100–$3,000 range per transaction, and Interac is available to all verified Canadian clients (Eightcap partner desk, July 2026). It appears in the deposit menu labelled "Interac". Withdrawals back through Interac take 1–5 business days with a $50 minimum.
You can set your account base currency to CAD on both the Standard and Raw accounts, which keeps your balance and P&L in Canadian dollars rather than USD. The two rails also fit together: Eightcap's partner desk confirmed (July 2026) that with a CAD base-currency account an Interac deposit settles in CAD with no conversion fee, so no exchange spread is taken on the way in.
Beyond Interac, Eightcap also supports cards, PayPal, wire, Skrill, Neteller, and cryptocurrency, each with its own limits and timing. Interac is the one flagged for Canada.
Is Eightcap legit in Canada? The regulation reality
Eightcap is not registered with CIRO (the Canadian Investment Regulatory Organization), and an account opened through SmartProfitFX has no CIPF protection. Eightcap's partner desk confirmed in July 2026 that Canadian clients are currently onboarded on a reverse-solicitation basis, in accordance with Eightcap's Marketing Governance and Client Engagement Policy, to Eightcap International Ltd (registration 8427413-1), regulated by the Seychelles Financial Services Authority under licence FSA SD100. The live client agreement sets the applicable complaint and dispute terms. Understand that trade-off before you fund.
What CIPF gives up matters concretely. At a CIRO-registered dealer, CIPF coverage protects client assets up to defined limits if the dealer becomes insolvent. Offshore, you do not get that backstop. What you get in exchange is access to Eightcap's platform range (MT4, MT5 and TradingView confirmed for Canadians by the Eightcap partner desk, July 2026, with TradeLocker availability varying at registration; check the client portal) and 800+ CFD markets, a broader CFD lineup than you will generally find at a CIRO-registered dealer. Neither Eightcap nor SmartProfitFX is a CIRO-regulated broker, and SmartProfitFX is an account-opening route, not a regulated broker itself.
Eightcap itself is a real, established brokerage regulated in several jurisdictions: Eightcap Pty Ltd holds an Australian licence (ASIC, AFSL 391441), Eightcap Group Ltd is authorised in the UK (FCA, FRN 921296), and Eightcap International Ltd is regulated by the Seychelles Financial Services Authority (FSA SD100). None of those licences is Canadian, and the ASIC and FCA licences do not cover a Canadian account. If you have seen an Ontario Securities Commission warning about "EightCapInvest," note that it targets an impersonator site (a clone using a similar name), not Eightcap. You can confirm the real firm yourself: search AFSL 391441 on ASIC Connect's Professional Registers, FRN 921296 on the FCA's Financial Services Register, and SD100 on the Seychelles FSA capital-markets register. If a site's entity and licence numbers do not match the official registers, it is not the real Eightcap.
For all its global licences, Eightcap is not registered in Canada, so the Canadian investor protections you would get at a CIRO dealer do not apply to this account. It is a legitimate broker; it is just not a Canadian-regulated one. Decide with that in front of you.
Where Eightcap is strong, and where it is not
It depends on the kind of trader you are. These are the traders Eightcap fits, and the ones better served elsewhere.
The active CFD/forex trader
0.0-pip Raw spreads, $3.00 CAD per side ($6.00 round trip) through SmartProfitFX versus $3.50 per side ($7.00 round trip) direct, MT4/MT5/TradingView, and 800+ CFD markets. If you trade forex or CFDs actively and want a low-cost Raw account, this is a genuinely competitive setup.
The CAD-account, Interac user
A CAD base currency plus instant Interac deposits ($100–$3,000) makes day-to-day funding from Canada simple, without forcing a USD balance on you.
The platform-flexible trader
MT4, MT5, and TradingView on the same account, with TradeLocker also offered (availability can vary at registration; check the client portal). TradingView users get 100,000+ community indicators and Pine Script through their linked Eightcap account.
The investor who needs CIPF
No CIRO registration means no CIPF protection. If regulated Canadian investor protection is your priority, a CIRO dealer like OANDA Canada or Questrade FX is the right answer, not Eightcap.
The stock and RRSP investor
Eightcap is CFD-only. If you want to hold Canadian or US shares, ETFs, or a registered account like an RRSP or TFSA, Eightcap does not serve that; Questrade or Interactive Brokers Canada do.
The Standard-account cost shopper
The Standard account's 1.0-pip floor is wider than Raw's near-zero spread. If you trade enough volume to care about spread, Raw plus commission usually wins; the Standard tier is the weaker value for an active trader.
The $1 round-trip advantage, in actual dollars
Eightcap Raw charges $3.50 CAD per side per standard lot, which is $7.00 CAD for a full round trip (one lot opened and closed). Through SmartProfitFX the same round trip costs $6.00 CAD, from a $3.00-per-side rate. Eightcap's partner desk confirmed (July 2026) that the discounted rate bills as $3.00 CAD per side on CAD-denominated accounts and applies identically on MT4, MT5, TradingView, and TradeLocker, whose availability can vary at registration; check the client portal. That is exactly $1.00 saved per round-trip standard lot on the identical Eightcap Raw account.
Scaled to real trading volume, the gap compounds. At 50 standard lots a month you save $50.00; over a year that is $600.00. At 100 lots a month it is $100.00 monthly and $1,200.00 a year. The spread, execution, platforms, and markets are the same on both routes; the $1.00 is the only difference, and it lands on every round trip you make.
This only matters if Eightcap Raw is already the account you want. It does not make an offshore CFD account safer or CIRO-regulated. It simply means that if you were going to open Eightcap Raw anyway, doing it through SmartProfitFX is the cheaper version of the same thing.
Run your own volume through the math
Enter the standard lots you actually trade per month and see the round-trip commission both ways. The saving is $1.00 per lot: no more, no less.
Open the Raw account through SmartProfitFX and commission is $3.00 CAD per side, $6.00 round trip per standard lot. Open direct with Eightcap and the same account is $3.50 per side, $7.00 round trip. The discount applies automatically (Eightcap partner desk, July 2026) at signup through our link; spreads, funding and platforms are identical either way. Gold, commodity and index CFDs have no separate commission on Raw or Standard (Eightcap partner desk, July 2026), though spreads and overnight financing can still apply. Figures in CAD; commission source checked 2026-07-14.
CIRO-registered and multi-asset alternatives
If the CIRO/CIPF gap is a dealbreaker, or you want stocks and registered accounts, these Canadian-registered brokers are the ones to look at.
CIRO-registered and CIPF-eligible, with its own long-established forex platform and a spread-only pricing model built for Canadian retail FX traders.
Traders who want active forex trading but insist on a Canadian-regulated dealer with CIPF protection.
CIRO-registered, and part of a broader platform that also handles Canadian stocks, ETFs, and registered accounts like RRSPs and TFSAs.
Canadians who want regulated forex plus the option to hold investments and registered accounts in one place.
CIRO-registered multi-asset broker with direct access to stocks, options, futures, bonds, and forex across global markets on a professional platform.
Traders and investors who want one regulated Canadian account spanning many asset classes, not CFDs alone.
Get the same Eightcap account for $1 less per round trip
You have the fees, the funding, and the regulation reality. If you have decided Eightcap Raw is the setup you want, opening through SmartProfitFX gives you $3.00-per-side commission ($6.00 round trip) instead of $3.50 per side ($7.00 round trip) direct. The discount is applied automatically (Eightcap partner desk, July 2026) through the link at no cost to you; it is the same account and the same platforms, one dollar cheaper on every round-trip lot.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. The majority of retail investor accounts lose money when trading CFDs.
Frequently asked questions
Is Eightcap legit?
Yes. Eightcap is a real, established broker: Eightcap Pty Ltd is licensed by ASIC in Australia (AFSL 391441) and Eightcap Group Ltd is authorised by the FCA in the UK (FRN 921296). You can verify both on the ASIC and FCA public registers. It is a legitimate globally regulated firm; it is simply not regulated in Canada.
Is Eightcap regulated in Canada?
No. Eightcap is not registered with CIRO, so a Canadian account has no CIPF protection. Eightcap's partner desk confirmed in July 2026 that Canadian clients are currently onboarded on a reverse-solicitation basis, in accordance with Eightcap's Marketing Governance and Client Engagement Policy, to Eightcap International Ltd (registration 8427413-1), regulated by the Seychelles Financial Services Authority under licence FSA SD100. If Canadian regulatory protection is your priority, a CIRO-registered dealer such as OANDA Canada or Questrade FX is the better fit.
What is the minimum deposit for Eightcap?
$100 on both the Standard and Raw accounts. You can fund a Canadian account by Interac for as little as $100 per deposit, up to $3,000. On trading costs, the Raw account bills $3.00 CAD per side ($6.00 round trip per standard lot) when the account is opened through SmartProfitFX, versus $3.50 per side ($7.00) opening direct.
Does Eightcap accept Canadians?
Yes. Eightcap supports a CAD base currency and lists Interac as its Canada-specific funding method, and SmartProfitFX opens Eightcap accounts for eligible Canadians. Those accounts currently sit with Eightcap International Ltd, the Seychelles FSA-regulated entity, not a CIRO-regulated Canadian dealer, so confirm your eligibility and contracting entity during account opening. Eightcap applies no provincial restrictions on its side, including for Ontario residents (Eightcap partner desk, July 2026).
How long do Eightcap withdrawals take?
Interac withdrawals take 1–5 business days with a $50 minimum. Card and PayPal withdrawals also list 1–5 business days, while Skrill, Neteller, and cryptocurrency withdrawals are faster on Eightcap's published schedule.
Does Eightcap support MT5 and TradingView?
Yes. MT4, MT5, and TradingView are confirmed available to Canadians, along with demo accounts (Eightcap partner desk, July 2026). TradeLocker is also offered, but its availability can vary at registration, so check the client portal. Through TradingView you get 15+ chart types and 100,000+ community indicators, linked to your Eightcap account via TradingView's trading panel.
What is EightCapInvest and is it the real Eightcap?
"EightCapInvest" is an impersonator site, not the real Eightcap; an Ontario Securities Commission warning targets that clone, not Eightcap itself. Verify the genuine firm by matching its licence numbers: ASIC AFSL 391441 and FCA FRN 921296. A site whose numbers do not match those is not Eightcap.
Sources
Every factual claim on this page traces to one of these pages, checked on the date shown.
- Eightcap account options (spreads, commission, minimum deposit, base currencies) www.eightcap.com/en/traders/account-options/ (checked 2026-07-06)
- Eightcap payments (Interac limits and timing) www.eightcap.com/en/traders/payments/ (checked 2026-07-06)
- Eightcap platforms (MT4, MT5, TradingView, TradeLocker) www.eightcap.com/en/traders/ (checked 2026-07-06)
- Eightcap TradingView platform detail www.eightcap.com/en/traders/platforms/tradingview/ (checked 2026-07-06)
- Eightcap legal documents and regulated entities (Eightcap International Ltd, Seychelles FSA SD100) www.eightcap.com/en/legal-documents/ (checked 2026-07-15)
- Seychelles FSA capital-markets register (verify Eightcap International Ltd, SD100) fsaseychelles.sc/regulated-entities/capital-markets (checked 2026-07-15)
- Eightcap International Client Agreement v2.4 (registration 8427413-1, Seychelles FSA SD100) shared.assets.eightcap.com/files/agreements/Eightcap+International+Client+Agreement+%28V2.4%29.pdf (checked 2026-07-15)
- Eightcap EURUSD instrument page (published leverage reference up to 1:500) www.eightcap.com/en/traders/trade/eurusd/ (checked 2026-07-10)
- Eightcap SPX500 instrument page (published leverage reference up to 1:200) www.eightcap.com/en/traders/trade/spx500/ (checked 2026-07-10)
- Eightcap XAUUSD instrument page (published leverage reference up to 1:500) www.eightcap.com/en/traders/trade/xauusd/ (checked 2026-07-10)
- Eightcap US30 instrument page (published leverage reference up to 1:200) www.eightcap.com/en/traders/trade/us30/ (checked 2026-07-10)
- Eightcap GER40 instrument page (published leverage reference up to 1:200) www.eightcap.com/en/traders/trade/ger40/ (checked 2026-07-10)
- Eightcap about (regulation overview) www.eightcap.com/en/about (checked 2026-07-06)
- ASIC Connect Professional Registers (verify AFSL 391441) connectonline.asic.gov.au/ (checked 2026-07-07)
- FCA Financial Services Register (verify FRN 921296) register.fca.org.uk/ (checked 2026-07-07)
- Canadian Investor Protection Fund (CIPF) coverage www.cipf.ca/cipf-coverage/about-cipf-coverage (checked 2026-07-08)
- Canadian Investment Regulatory Organization (CIRO) www.ciro.ca/ (checked 2026-07-07)
