The cryptocurrency derivatives market has become more popular than ever as traders find it more exciting and profitable than spot trading.
However, with the regulatory status of the crypto industry still in murky waters, several crypto derivatives exchanges available in the market are not properly licensed to provide such services to their traders.
Eightcap aims to solve this problem by providing crypto traders with a regulated and secure platform for trading derivative products.
What is Eightcap?
Eightcap is a financial services company that offers diverse trading solutions to customers from across the globe. Founded in 2009, the Australia-based company provides its customers with the opportunity to trade in a wide range of markets across commodities, forex, stocks, indices, and cryptocurrencies.
Eightcap’s vision is to offer its global clients an exceptional trading experience, providing the best tools and access to a long list of financial instruments. Retail investors have access to over 1,000 assets on the trading platform.
The brokerage firm is committed to building a home for traders using the MT4 and MT5 platforms. It intends to deliver a customized trading experience and highly efficient technology infrastructure for clients to trade on.
To make the trading experience even more seamless for users, Eightcap partnered with Capitalized.ai to allow traders to automate their unique trading strategies without any need for basic coding knowledge.
Trading Crypto Derivatives on Eightcap
One of Eightcap’s investment vehicles is its crypto derivatives solution. Having been in the financial services industry for over 12 years, the company decided to step into the highly lacking crypto derivatives market and offer competitive services and a vast array of asset offerings.
Eightcap intends to tackle some of the problems in the crypto derivatives market. The company boasts one of the most extensive offerings of crypto derivatives currently available in the industry.
Traders can choose from more than 250 crypto derivatives. Eightcap provides its clients with an array of options for crypto derivatives trading pairs, going beyond the conventional trading pairs centered around the popular coins, BTC and ETH, against the USD.
Using the Eightcap trading platform, traders can speculate on memecoins like DOGE and SHIB alongside other altcoins like Polkadot. Crypto assets on the platform are also paired with a variety of other fiat currencies, including BTC/AUD, BTC/EUR, and EOS/CAD pairs.
Additionally, derivatives traders can also speculate on some of the top crypto indices, including DEFI25, a crypto index that keeps track of the top 25 DeFi tokens.
Having been in the industry for over a decade and received global recognition from some top regulators, Eightcap seeks to give derivatives traders the security they need to conduct their trades.
- Regulation and Security
Within the financial services and digital asset space, security is a paramount concern among traders. As a result, Eightcap is very strict with its security measures to secure traders’ funds and information.
The company is also regulated and supervised by financial regulators from different parts of the world. These regulatory bodies keep track of the firm’s operations and ensure that customers’ interests are protected.
Eightcap is regulated by the Australian Securities & Investments Commission (ASIC), the Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), and the Securities Commission of The Bahamas (SCB).
- Professional Customer Service
Eightcap offers 24/7 customer service that caters to questions and complaints from traders. The support team are experts in the field and provide satisfactory answers to problems customers may be facing.
The company provides several avenues to contact its support team, including phone, email, and online chat.
- Research and Education
Eightcap believes that traders must continue to learn about the rapidly changing financial systems to keep up with the revolutions made in technology. This up-to-date knowledge will help traders make wise trading decisions, minimize risks, and maximize profits.
For this reason, the crypto derivatives broker provides its customers with an educational page that features a diverse range of free educational and research tools and resources. Users can find various articles, guides, and eBooks covering topics like swing trading and technical analysis for both beginners and experienced traders.
- Diverse Payment Options
Customers do not have to deal with a limited number of payment options to deposit funds into their Eightcap trading accounts. The platform provides support for multiple payment methods to make account funding quick and easy for traders.
Payments can be made via bank wire transfer, credit/debit cards, PayPal, Neteller, Skrill, and cryptocurrencies like BTC and USDT.