Melbourne,  Jan. 31, 2023 — Australian-founded derivatives broker, Eightcap, has today announced the appointment of Alex Howard as CEO, commencing in the role this month.

Founder and outgoing CEO, Joel Murphy, said he was confident that Eightcap would continue to thrive under Howard’s leadership.

“Alex is an outstanding choice, bringing over a decade of experience in financial services, a deep knowledge of the derivatives industry and a proven track record of success in leadership roles. He was chosen after an extensive and extremely competitive selection process.”

Previously, Howard held several senior positions within the industry, most recently as head of retail Asia pacific at StoneX Retail and the head of Asia pacific at IG Group in Singapore.

Murphy said the appointment marks an exciting new chapter for Eightcap:

“Since launching in 2009, Eightcap has grown from strength to strength. We’ve experienced a period of significant expansion and development over the last decade, including launching the largest cryptocurrency derivatives offering in the industry.”

“I am confident that Alex’s understanding of, and alignment with, our mission and values — which center on providing clients with an exceptional trading experience through access to the best tools, education and products — will be instrumental in driving Eightcap’s continued success.”


Commenting on the appointment, Howard said he was excited to be taking on the role.

“The team’s accomplishments have helped to establish Eightcap as a leader in the industry and a trusted partner for traders around the world.”

“Eightcap is in great shape, and I’m looking forward to exploring how we can achieve new heights and drive continued growth and success for the company.”

“In my first weeks, the priority is to immerse myself in the business, including connecting with the global team, developing a nuanced understanding of strategy and operations, and listening to clients.”

Murphy will continue to serve as a non-executive chairman, providing guidance and support to the company while pursuing additional opportunities.

Media contact

Aiza Rusli

WE Communications for Eightcap | 0414 124 385


Eightcap is an online financial trading company based in Melbourne, Australia. Eightcap is regulated by the Australian Securities and Investments Commission, the Financial Conduct Authority, the Cyprus Securities and Exchange Commission and the Securities Commission of the Bahamas. The rapidly growing broker provides online forex and CFD trading solutions via the award-winning MT4 and MT5 trading platforms. Supported with competitive pricing, outstanding client support and superior execution technology, Eightcap offers trading to retail and institutional clients across forex, indices, commodities, shares and crypto markets.