Eightcap Singapore Review
Pros (What we like)
- Direct integration with TradingView charts
- Ultra-raw spreads with very low commissions ($3.50/lot per side)
- Over 250+ cryptocurrency pairs available for CFD trading
- Fast withdrawals back to credit cards and bank transfers
Cons (Drawbacks)
- Limited education resources for new traders
- Customer support is only available 24/5
Eightcap Singapore: Overview & Executive Verdict
When trading global financial markets from a major international hub like Singapore, selecting a broker that balances robust counterparty security with low execution latency is essential. Operating since 2009 from Melbourne, Australia, Eightcap has established an international presence among retail and algorithmic CFD traders.
Eightcap accepts retail accounts from Singapore through its international entity, Eightcap Global Limited (regulated by the Securities Commission of The Bahamas - SCB, Licence SIA-F220), while its Australian arm, Eightcap Pty Ltd, is authorized by the Australian Securities and Investments Commission (ASIC, AFSL 391441). However, Eightcap does not hold a Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). We did not identify a matching record for Eightcap in our current MAS Investor Alert List check; nevertheless, absence from the alert list does not imply MAS endorsement, and offshore accounts lack domestic FIDReC mediation.
Eightcap differentiates itself through native TradingView integration, ultra-low ECN spreads starting from 0.0 pips ($3.50 commission per lot per side), zero inactivity fees, and an extensive suite of over 250+ cryptocurrency CFD pairs.
Eightcap: Singapore Quick Fact Table
| Accepts Singapore Traders | Yes (Serviced via Eightcap Global Limited / SCB Bahamas) |
| MAS Regulatory Status | Not MAS Licensed (No CMS licence) |
| MAS Investor Alert List (IAL) | Not Listed (Current check; absence does not imply endorsement) |
| Primary Regulators | ASIC (Australia, AFSL 391441), SCB (Bahamas, SIA-F220) |
| Minimum Deposit | $100 (Standard & Raw accounts) |
| Raw Account Spreads | From 0.0 pips + $3.50 commission per side ($7 round turn) |
| Standard Account Spreads | From 1.0 pips (Commission-free markup) |
| Maximum Leverage | Up to 1:500 (Offshore SCB framework) |
| Trading Platforms | TradingView Direct, MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Cryptocurrency CFDs | 250+ pairs available for CFD speculation |
| Inactivity Fee | Zero inactivity fees |
| Dispute Resolution | None in Singapore (Offshore accounts excluded from FIDReC) |
| Facts Last Verified | 2026-10-28 (Audited against official registry records) |
Does Eightcap Accept Singapore Traders?
Yes, Eightcap actively accepts Singapore retail traders. Singapore citizens and permanent residents can register an account online, submit proof of identity (Singapore NRIC or international passport), and provide a domestic proof of address (utility bill or bank statement from DBS, OCBC, or UOB).
Trading with overseas brokers is legal for private Singapore residents under the Singapore legal framework. However, Singapore accounts are contracted under Eightcap Global Limited (SCB Bahamas), meaning traders do not receive the statutory protections granted to clients of MAS-licensed financial institutions.
Is Eightcap Legal & Regulated in Singapore?
Trading with Eightcap is not illegal for individual retail investors in Singapore. However, Eightcap is not regulated by MAS. Under Section 82 of the Securities and Futures Act (SFA), conducting regulated financial activities in Singapore without a CMS licence is prohibited for financial intermediaries.
Because Eightcap does not maintain an MAS licence, it does not physically operate or market inside Singapore. Retail accounts are onboarded via reverse solicitation. Crucially, in the event of an insolvency or unresolved dispute, Singapore traders cannot seek statutory recourse through the Financial Industry Disputes Resolution Centre (FIDReC).
TradingView Integration & Platform Execution
A key selling point for Eightcap is its native integration with TradingView. While most forex brokers require traders to use MetaTrader 4 or 5, Eightcap allows users to execute trades directly from TradingView charts. This provides access to advanced community indicators, multi-timeframe analysis, and cloud-saved watchlists without leaving the interface.
For algorithmic and custom EA traders, Eightcap also provides standard MT4 and MT5 terminal access. The broker operates execution servers located in major financial data hubs such as Equinix NY4 (New York), delivering sub-millisecond internal matching for low-latency strategies.
Account Types, Spreads & Commission Structure
Eightcap offers two main account models for Singapore traders:
- Raw Account: Designed for active intraday traders, scalpers, and algorithmic strategies. Spreads on major pairs like EUR/USD and USD/JPY start from 0.0 pips, with a flat commission of $3.50 per lot per side ($7.00 round-turn).
- Standard Account: Tailored for discretionary swing traders who prefer all-inclusive pricing. Spreads start from 1.0 pip with zero broker commissions charged on trades.
Unlike many competing brokers that penalize inactive accounts, Eightcap charges zero inactivity fees, making it suitable for seasonal traders who maintain accounts during market lulls.
Singapore Banking: Deposits & Withdrawals
Available funding methods vary by account, location and payment provider. Singapore accounts commonly utilize international credit/debit cards (Visa/Mastercard), bank wire transfers, and supported digital assets (USDT, BTC).
Traders funding accounts from Singapore should note that direct domestic bank clearing via FAST or PayNow is not natively integrated for offshore financial entities. Transactions are cleared through international payment gateways, and incoming currency conversions from SGD to USD account base currencies will incur standard commercial exchange rates.
Withdrawals are processed back to the original funding source in compliance with anti-money laundering (AML) protocols. Standard processing takes 1 to 2 business days. Eightcap charges zero broker-side withdrawal fees, though intermediary banking fees may apply to wire transfers.
Final Verdict & Risk Analysis
Eightcap provides a technically capable trading ecosystem for Singapore retail participants seeking direct TradingView execution, institutional ECN pricing, and extensive crypto CFD asset coverage.
However, traders must remain conscious of the regulatory environment: Eightcap is not regulated by MAS, and offshore accounts carry zero domestic statutory protections. Retail traders should practice disciplined capital risk management, utilize demo environments to test execution latency, and ensure leverage exposure matches personal risk tolerance.
Frequently Asked Questions
Does Eightcap accept Singapore traders?
Yes. Eightcap accepts client registrations from Singapore residents through its international operating entity, Eightcap Global Limited (regulated by the Securities Commission of The Bahamas - SCB). Singapore traders can complete onboarding using a domestic passport or NRIC alongside a local proof of address.
Is Eightcap regulated by the Monetary Authority of Singapore (MAS)?
No. Eightcap is not licensed or supervised by MAS and does not hold a Capital Markets Services (CMS) licence in Singapore. The broker is regulated internationally by the Australian Securities and Investments Commission (ASIC, AFSL 391441) and the SCB (Bahamas). We did not identify a matching entry for Eightcap on the MAS Investor Alert List; nevertheless, absence from the alert list does not imply MAS endorsement.
Does Eightcap integrate directly with TradingView?
Yes. One of Eightcap's core competitive advantages is its native API integration with TradingView. Traders can link their Eightcap live or demo account directly within TradingView charts, executing orders without switching between third-party applications.
What is the minimum deposit and spread on Eightcap in Singapore?
The standard minimum deposit across Eightcap accounts is $100. On the Raw Account, spreads start from 0.0 pips with a competitive $3.50 commission per lot per side ($7.00 round-turn). The Standard Account offers commission-free trading with spreads starting from 1.0 pip.
High-Risk Alert (YMYL Compliance)
Forex and CFD trading involves significant leverage, which can amplify both profits and losses. According to regulatory disclosures mandated by international authorities (such as the UK FCA and European ESMA), between 74% and 89% of retail investor accounts lose money when trading CFDs. Ensure you fully understand the mechanics of leverage and market volatility before committing capital.
Editorial Transparency & Research Standards
Our editorial team evaluates platforms through independent desk research, regulatory register audits (including MAS, FCA, ASIC, and CySEC databases), and verified fee schedule analysis. Editorial ratings are determined using our structured 7-dimension scoring framework. We refuse compensation in exchange for positive reviews or altered ratings. Review our Review Methodology and Editorial Guidelines.
Written by PeterRESEARCH EDITOR
Research Editor
Financial researcher focused on retail forex, commodities, and derivatives since 2012. Peter conducts independent desk research, regulatory audits, and fee schedule verification to provide transparent, risk-focused analysis for Singapore traders.