Broker transparency is an important aspect of the financial industry, ensuring that clients receive clear and comprehensive information about the services and operations of brokerage firms.。There are five indicators that can be used to assess the transparency of a broker:

1. Pricing: Logically, a broker's transparency can be determined by how they provide and inform spreads, commissions, margin, swap fees, and other related transaction costs。This allows traders to make decisions and compare with other brokers to help them avoid losses due to hidden costs。
2. Rules and Regulations: Traders must choose a broker that operates legally, and regulations are the primary criterion。There are many regulatory bodies around the world that oversee the performance of brokers, including ASIC, FCA, CySEC, CFTC, FSA, FINMA and IFSC。
3. Order Execution Type: Clear order execution is essential to understand the transaction process。Transparent brokers disclose whether they are in DD or NDD mode, revealing potential conflicts of interest and a commitment to fair trading practices, enabling traders to take execution speed into account。
4. Full suite of trading services: Transparent brokers are those that publicly share all the services they offer, including available trading tools, platforms or technologies used, trading account types, leverage options, availability of negative balance protection, allowed trading strategies, etc.。
5. Educational resources: Transparent brokers provide educational resources such as articles, tutorials, webinars and market analysis to equip clients with the knowledge they need to make informed decisions, which emphasizes their dedication to their clients' successful and ethical trading practices。

If a broker meets all the above criteria, then it can be considered transparent and trustworthy。In this regard, Australia-based broker Eightcap is listed as one of the world's transparent brokers.。Especially when it comes to pricing, Eightcap provides the most comprehensive information。

How transparent is Eightcap?？

1.pricing transparency

As mentioned earlier, a good transparent broker should be able to provide clear pricing。The trading tools provided to it by Eightcap on its official website show the full spread table。

As shown in the figure above, there is a "View Details" link next to the instrument spread information。Click on one of the tools and you'll jump to the page below.。

As you can see from here, Eightcap is not sloppy in providing spread and other fee information. Eightcap details the spread of each account type and you can more easily calculate your transaction costs。

More interestingly, Eightcap dares to compare its spreads with other popular brokers, as shown in the figure below。

In the above example, the comparison is the spread of the EUR / USD currency pair, which is 0.17 pips, while other brokers have slightly higher spreads。

With such a presentation, traders can easily compare transaction costs between different brokers。It makes perfect sense for a trader to compare one broker to another to get the best price, and that's exactly what Eightcap offers。

2.Regulatory transparency

Eightcap is also transparent when it comes to regulation。You can visit the official website of Eightcap and scroll down。In the lower left corner, you will see text like this。

This is a list of statutes held by Eightcap with registration number。You can verify these numbers on the official website of the regulator to confirm the information。

We can see that it holds three important regulations, namely ASIC, FCA and CySEC。To verify this, we need to visit the regulator's website。

Further investigation on the FCA website revealed that Eightcap also appeared on the site and that its regulatory number matched it.。

Finally, on the CySEC website, Eightcap is also verified and registered with the regulator.。

As mentioned above, the names and regulatory numbers listed on the Eightcap page are indeed registered on the regulator's website.。Therefore, it can be said that trading at Eightcap is safe because it is protected by UK, EU and Australian authorities.。

3.Transparent execution

According to customer service, Eightcap is an NDD type broker。This means that customers' orders go directly to the interbank market or liquidity providers, and the broker does not act as a counterparty。

Without the intervention of the trading desk, NDD-type brokers usually offer narrower spreads and faster order execution speeds。According to this philosophy, Eightcap's execution speed averages 2.3 ms。

4.Transparent trading conditions

If you visit the official Eightcap website, you will find that the broker offers comprehensive information about all its trading services。There are special menus that provide information on fees, account types, deposit and withdrawal procedures, tools, platforms, etc.。

Regarding negative balance protection, Eightcap offers this feature to all retail customers。Wholesale customers or partner customers are not covered by this protection。

If you don't find the information you need, please contact customer service via live chat and they will answer all your questions。In addition, the service provided by the customer service staff is excellent and rich in content。

5.Transparency in Education Traders

Eightcap won the Global Forex Award - Best Forex Education Resource Award in Retail category, and even won the award twice in 2021 and 2022。

Trading education resources are provided by Eightcap in the "Lab" section of its website under the "Insights" tab。Here you can find comprehensive information on basic education and trading strategies。In addition, there are free e-books to read and download。

If you like intuitive learning, you can explore the free live trading course。You can also watch the recording at your convenience。In addition, Eightcap often organizes webinars to promote interactive learning。

Conclusion

At this point, we can conclude that Eightcap is an impressive transparent broker。One of the advantages of Eightcap is transparent pricing and the courage to compare with other brokers, which is difficult for other brokers to achieve.。

That means Eightcap lets you explore their services, including regulations, order execution, trading services and educational resources。

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Registered in Australia and founded in 2009, Eightcap specialises in Forex and CFD trading and is known for its transparent pricing model, offering low-priced variable spreads from leading banks and institutions.。Eightcap operates globally and is headquartered in Australia with international offices in the Bahamas, serving both MT4 and MT5 traders.。