Eightcap

Seven companies, and we had three of them

This page listed three entities until this research and two of them were wrong. The British company is Eightcap Group Ltd, not "Eightcap (UK) Ltd". "Eightcap Global Ltd" was filed here as a Seychelles company; Eightcap Global Limited is the Bahamas one, and the Seychelles company is a different entity with a different number. A live CySEC licence was missing altogether.

None of that was hidden. Eightcap’s own legal-documents page lists the group, and it is a longer list than the marketing suggests: Eightcap Pty Ltd under ASIC, Eightcap Group Ltd under the FCA, Eightcap EU Ltd under CySEC, Eightcap Global Limited under the Securities Commission of The Bahamas, Eightcap International Ltd in Seychelles, Eightcap International Trading in Mauritius, and CLMarkets Limited in St Vincent 4. We had simply never read it. The map on this page now matches theirs.

Publishing that list is genuinely to the broker’s credit. Plenty of groups keep the offshore companies off the site entirely and let the client agreement do the disclosing after you have deposited.

The company with no licence at all

One entry on that list is not like the others. CLMarkets Limited, registered in St Vincent and the Grenadines as 24750 IBC 2018 and trading as Eightcap International, has a company number and no financial licence 4.

That is not an oversight by anyone. St Vincent’s Financial Services Authority says in its own published notices that licensing forex business is not part of what it does, and warns that firms claim registration there as though it were regulation 3. A certificate of incorporation from a registrar of companies is the same document a corner shop gets. It is not supervision, there is no conduct rulebook behind it, and there is nobody to complain to.

So the entity map marks it with a dash instead of a tier and says "no financial licence anywhere" in words. It scores nothing. That is a change to how this site works, not just to this page: any group here that turns out to include an unlicensed company will now show it the same way.

What we do not know is who ends up as a client of it, and Eightcap does not say. Every other entity on the list has a jurisdiction you can reason about. This one is on the page because a reader is entitled to know it exists.

The British arm is small, new, and does what it says

Eightcap Group Ltd was authorised by the FCA in December 2020 and, by its own account, only started onboarding clients in late February 2024 1. Its first profitable year followed: a profit after tax of £638,355 in the period to 30 June 2025 against a loss of £107,957 the year before, and net assets up from £1.71m to £2.35m.

The stated business is "the execution of FX and CFD trading offered to retail and professional clients via an on-line trading platform", and the firm "operates as a Matched Principal broker and does not hold market risk as all trades executed by clients are automatically hedged on a back-to-back basis with our liquidity provider" 1. That is the same shape as Pepperstone’s British company and the opposite of Exness’s, which is a B2B arm.

One line in the same accounts is worth flagging rather than smoothing over. The directors’ section 172 statement describes a client base that "ranges from large institutional clients to professional clients" 1 — which is not what the principal activity says two pages earlier. It may be a drafting leftover from before onboarding started. It may not. We are not going to guess, and it is in the open questions below.

For scale: £2.3m of net assets is a small firm. Pepperstone’s British company held £26m of client money alone. Small is not unsafe — it is audited, capitalised above requirement, and honestly reported — but a reader choosing between them should know they are not the same size of thing.

What checked out, and what is still just the broker’s word

The two registers we can read ourselves both confirm. ASIC returns Eightcap Pty Ltd under AFS licence 391441, active. CySEC returns Eightcap EU Ltd under 246/14, active — the licence that was missing from this page entirely 2. The FCA reference, 921296, is corroborated by the company’s own filed accounts describing itself as FCA-regulated 1.

The Bahamas, Seychelles, Mauritius and St Vincent entries come from Eightcap’s published list and have not been read against those registers by anyone here, because we have no reader for them. The verification panel on this page says which is which, and it is not decoration: a licence number we copied from a broker’s website is a claim, and a licence number we found on a regulator’s register is a fact.

The pricing is the broker’s published figure, as with everyone here. It is genuinely competitive — the all-in cost puts it near the top of this directory at a quarter of IC Markets’ minimum deposit, which is the reason it ranks where it does.