Our Editorial Standards for EightCap Coverage

We publish one rule above all others: if we cannot verify a claim about EightCap, we do not print it. That single line governs every review, table and FAQ answer on this site, from platform walkthroughs to fee breakdowns.

Trading content in Uganda is crowded with copy-paste reviews that recycle the same numbers without checking them. Our approach inverts that. We open the live app, test the deposit flow from a phone, read regulator registers, and mark anything unconfirmed as unconfirmed. It is slower. It is also the only way a reader in Kampala can trust a line about spreads or withdrawals.

What We Actually Verify

Every factual claim on this site falls into one of four buckets, and each bucket has its own check. Nothing gets published on the strength of another broker roundup alone.

• Corporate and licensing facts: legal entity name, year founded, regulator, licence status for each region including Uganda.
• Cost facts: minimum deposit, spread model, commission per lot, swap treatment, and any inactivity or conversion charge.
• Platform facts: which terminals are supported, mobile app availability, order types, and whether demo matches live behaviour.
• Money facts: funding methods, processing windows, currency of the account, and local payment rails.

Where a claim cannot be confirmed at the time of review, we say so in the text rather than filling the gap with a plausible number. Swap-free accounts for EightCap are a good example: reports conflict, so the page states that the feature is not consistently verified rather than guessing either way.

Uganda: What Counts as Verified

Uganda has a specific regulatory shape that changes how we frame every broker, EightCap included. Retail forex and CFD trading is legal here, but it is not effectively regulated for retail brokers.

The Capital Markets Authority (CMA) received the power to license non-dealing online foreign exchange brokers under the CMA (Amendment) Act 2016. In practice, as of our review, the CMA licensed-firms register contains no such broker. Residents therefore trade through offshore entities supervised elsewhere, including CySEC, FSCA, FCA and Kenya's CMA.

The CMA (Amendment) Act 2016 created the licensing category. The public register shows only securities-business participants.

For EightCap specifically, this means there is no Uganda licence to point at. The broker is not licensed by Uganda's financial authorities and operates under overseas regulators instead. What it changes is where you verify: you check the offshore regulator's register, not a Kampala one.

Why This Matters on a Phone

Most readers here arrive on a smartphone, and so do most of our checks. A broker review that reads well on desktop can fall apart on mobile, and that gap is where real trading decisions get made badly.

Our mobile pass covers four things every time. First, whether the app loads and behaves on mid-range Android hardware common in Uganda, not just on a flagship phone. Second, whether the deposit screen supports the payment method a reader actually uses. Third, whether price alerts and notifications arrive when the app is backgrounded. Fourth, whether order entry is usable one-handed during the 15:00-19:00 EAT London-New York overlap, which is the window most Ugandan traders are active in.

EightCap supports MT4, MT5 and native TradingView integration, plus WebTrader and TradeLocker. That matters for phone users because the terminal you choose is the interface you will actually stare at. The 800+ CFD line across forex, indices, commodities, crypto and shares is broad, but breadth on a small screen becomes clutter fast if the watchlist tooling is weak.

Rules That Apply to Every Page

The following conditions apply to all EightCap content we publish, and they are not negotiable for the sake of a nicer-sounding review.

• No affiliate arrangement changes a factual claim, a fee number, or a risk statement.
• No claim about costs, leverage or processing time appears without a stated basis.
• No broker is described as unregulated. If a licence does not cover a region, we name the regulator and say exactly what it does not cover.
• Unverified features are labelled unverified. Conflicting reports stay visible instead of being averaged into one clean sentence.
• Every page carries a review date, and figures are re-checked when the market or the broker changes.

Criteria for assessing any broker

Honest coverage means naming the friction, not just the headline numbers. None of the following is a reason to avoid the category. Each one is a criterion you should apply to any broker you are considering.

Costs are not identical across account types. EightCap runs a Standard account with spread-only pricing and a Raw account with raw spreads plus about USD 3.50 commission per lot per trade. On a phone, traders often default to whatever account the signup flow pushes them toward, which is usually not the cheaper one for their volume.

Funding is where Ugandan readers hit the sharpest edge. EightCap's reported methods are bank transfer, cards and e-wallets such as Skrill, Neteller and PayPal, with no Uganda-specific local rail stated. MTN Mobile Money and Airtel Money, which dominate local payments generally, are not listed as EightCap options. Accounts are usually USD-denominated, so a UGX-to-USD conversion cost applies, and card or bank transfers can take 1-5 business days while mobile money elsewhere settles in minutes.

Tax treatment deserves a line of its own. Forex and CFD profit earned regularly is treated by the Uganda Revenue Authority as business income, taxed at progressive resident rates, and Uganda taxes residents on worldwide income. Offshore broker profits are therefore reportable. That is an administrative task, not a deterrent, but it is real and easy to overlook.

Leverage is the other number that gets ignored on small screens. With no locally enforced cap, EightCap can offer up to 1:500. At that level, a modest adverse move consumes a large share of margin, and notification delays on a phone make it worse. Position sizing, not leverage maximum, is what protects the account.

If the funding friction above is a deciding factor for you, it is reasonable to compare EightCap against a broker that publishes local payment rails and mobile-money support for East Africa alongside its offshore licence. The right move is not to leave the category, it is to weigh a broker that fits how money actually moves in and out of your account, and to check its regulator's register before depositing. Stronger supervision (FCA, CySEC, ASIC), segregated client funds, published fees and a long track record remain the four checks that separate a workable broker from a risky one.

How a Claim Gets Published

The workflow is short and boring on purpose. A claim enters the queue, gets checked against a primary source where one exists, gets tested in the live app where the claim is behavioural, and then gets written with its verification status attached.

Regulator registers and broker documentation are primary. Third-party roundups are treated as leads, never as confirmation. If a feature is confirmed in one source and contradicted in another, the page says the feature is not verified, and the reader can see why rather than getting a confident sentence with nothing behind it.

We re-check time-sensitive items when they move. Tax bands, leverage rules, payment availability and licence status are the four categories most likely to change, and those are the four we revisit first. A page with an old date and a current number is worse than a page that admits its last review point.

What Changes for You

If you are new to this, the useful shift is simpler than it sounds: stop reading broker marketing and start reading registers. A licence name tells you who supervises the entity you are sending money to, and whether that supervisor has any reach into Uganda. For EightCap, the answer is an offshore regulator, which is normal here and worth understanding before your first deposit rather than after.

If you already trade, the shift is about verification habits. Confirm the account type you are actually on, since Standard and Raw differ by roughly USD 3.50 per lot per side at volume, and confirm your funding route before you need to withdraw in a hurry. Then check whether swap-free treatment applies to your account, because for EightCap that point remains unconfirmed.

The same discipline applies to the platform layer. MT4, MT5 and TradingView behave differently on a phone, and the one you pick determines how fast you can react during the 15:00-19:00 EAT volatility window. Test order entry and notifications on the demo before you fund anything, and keep a position size that survives a 1:500 leverage environment rather than assuming the margin will hold.