<PAGE>


      As filed with the Securities and Exchange Commission on April 3, 2000
                                                Registration No. 333-___________
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

                              --------------------

                          GLOBAL CAPITAL PARTNERS, INC.
             (Exact Name of Registrant as Specified in Its Charter)

          Delaware                                     52-1807562
(State or Other Jurisdiction                (I.R.S. Employer Identification No.)
of Incorporation or Organization)

                         6000 Fairview Road, Suite 1420
                               Charlotte, NC 28210
          (Address of Principal Executive Offices, Including Zip Code)

                             1996 STOCK OPTION PLAN
                            (Full Title of the Plan)

                              Martin A. Sumichrast
                 Chairman, Chief Executive Officer and President
                         6000 Fairview Road, Suite 1410
                               Charlotte, NC 28210
                                 (704) 643-8220
 (Name, Address and Telephone Number, Including Area Code, of Agent For Service)

                            -----------------------

                                    COPY TO:

                             Paul F. McCurdy, Esq.
                            Kelley Drye & Warren LLP
                               Two Stamford Plaza
                              281 Tresser Boulevard
                           Stamford, Connecticut 06901

                            -----------------------

                         CALCULATION OF REGISTRATION FEE
<TABLE>
<CAPTION>

===================================================================================================================

 Title of Securities        Amount to be        Proposed Maximum       Proposed Maximum           Amount of
to be Registered           Registered (1),(3)  Offering Price Per     Aggregate Offering      Registration Fee
                                                   Share(2),(3)             Price (2)
<S>                        <C>                   <C>                   <C>                      <C>
--------------------------------------------------------------------------------------------------------------------

Common Stock,               600,000               $8.0625                 $4,837,500             $1,277.10
Par value $.05 per share   shares(2)
=====================================================================================================================

</TABLE>

(1)      Pursuant  to Rule  416  under  the  Securities  Act,  there  are  also
         registered  hereunder  such  additional  Common  Shares as may  become
         issuable  under the 1996 Stock  Option Plan  through the  operation of
         applicable anti-dilution provisions.

(2)      Estimated solely for the purpose of calculating the registration fee in
         accordance  with Rule 457(c) and (h) under the  Securities Act of 1933,
         as amended  (the  "Securities  Act").  The price per share is estimated
         based on the average of the high and low trading  prices for the Common
         Stock on February 29, 2000 as reported by Nasdaq SmallCap Market.

(3)      This Registration Statement on Form S-8 is being filed pursuant to Rule
         429 under the  Securities  Act of 1933,  as  amended  (the  "Securities
         Act"). 600,000 shares of Common Stock were previously registered, and a
         fee of $1,139.87 was previously paid, under our Registration  Statement
         on Form S-8, no. 333-25887 and our Registration  Statement on Form S-8,
         no. 333-56973,  each of which is hereby combined with this Registration
         Statement under Rule 429.

<PAGE>
                                EXPLANATORY NOTE

         The  purpose  of this  Registration  Statement  on Form  S-8  File No.
333-56973 of Global Capital Partners,  Inc. (the "Registrant") is to register an
additional  600,000 shares of the Registrant's  common stock, par value $.05 per
share (the "Common Stock"),  issuable  pursuant to the  Registrant's  1996 Stock
Option Plan,  as amended on December  17,  1997,  April 12, 1999 and November 9,
1999 (the "Plan").

         The  contents  of   Registration   Statement  File   No. 333-25887  and
Registration  Statement  File  No.  333-56973,  each  previously  filed  by  the
Registrant  and  relating to 400,000 and 200,000  shares,  respectively,  of the
Common Stock to be offered  pursuant to the Plan, are  incorporated by reference
hereto pursuant to General Instruction E to Form S-8.



         The document(s)  containing the information  concerning the 1996 Option
Plan, as amended (the "Plan") of  Eastbrokers  International  Incorporated  (the
"Registrant")  specified in Part I of the instructions to Registration Statement
on Form S-8 have been or will be sent or given to the  participants in the Plan,
as specified by Rule 428(b)(1) under the Securities Act of 1933 (the "Securities
Act"). In accordance with the Note to Part I of the instructions to Registration
Statement on Form S-8,  such  documents  are not filed with the  Securities  and
Exchange  Commission  either  as  part of this  Registration  Statement  or as a
prospectus or prospectus  supplement  pursuant to Rule 424 under the  Securities
Act.  These  documents  and the  documents  incorporated  by  reference  in this
Registration  Statement  pursuant to Item 3 of Part II hereof,  taken  together,
constitute  a prospectus  that meets the  requirements  of Section  10(a) of the
Securities Act.

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.

         The SEC allows us to incorporate  by reference the  information we file
with it. The  information  incorporated by reference is considered to be part of
this report,  and later information filed with the SEC will update and supersede
that information. We incorporate by reference the documents listed below and any
future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the
Exchange Act of 1934, as amended.

        o  Our Annual Report on Form 10-KSB for the year ended March 31,
           1999.(1)

        o  Our Quarterly Report on Form 10-QSB for the quarter ended June 30,
           1999.

        o  Our Quarterly Report on Form 10-QSB for the quarter ended September
           30, 1999.

        o  Our Quarterly Report on Form 10-QSB for the quarter ended December
           31, 1999.

        o  Our Current Report on Form 8-K filed on December 7, 1999.

        o  Our Current Report on Form 8-K/A filed on February 7, 1999. (1)

        o  Our Proxy Statement relating to the Annual  Meeting  of  Stockholders
           held on November 9, 1999, filed on October 4, 1999.

        o  Our  Proxy  Statement relating to the Special Meeting of Stockholders
           on January 31, 2000, filed on January 10, 2000.

        o  The   description  of   the   Common   Stock  as  set  forth  in  our
           Registration Statement on Form S-1 No. 33-89544  filed  with  the SEC
           on  February  15,  1995  including  any  amendment  thereto or report
           filed for the purpose of updating such description.


---------------------
(1) Financial  statements  for the year ended March 31, 1999 have been restated,
as  required,  to reflect the November  23, 1999  acquisitions  of The JB Sutton
Group, LLC which was accounted for under the purchase method of accounting. Such
financial  statements  are  included in our amended  Current  Report on Form 8-K
filed on February 7, 2000.

<PAGE>


ITEM 8.  EXHIBITS.

         The following opinion and consents are attached hereto as exhibits:

   Exhibit No.                              Description
   -----------                              ------------

       5.1            Opinion of Kelley Drye & Warren LLP regarding the legality
                      of the securities being registered.

      23.1            Consent of Spicer, Jeffries & Co.

      23.2            Consent of BDO Seidman, LLP

      23.3            Consent of Kelley Drye & Warren LLP (included in
                      Exhibit 5.1).


<PAGE>



                                   SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this amendment to
the  Registration  Statement  to be  signed on its  behalf  by the  undersigned,
thereunto duly authorized, in the city of Charlotte, state of North Carolina, on
this 31st day of March, 2000.

                                      GLOBAL CAPITAL PARTNERS, INC.


                                      By:/s/ Martin A. Sumichrast
                                         ---------------------------------------
                                         Name:   Martin A. Sumichrast
                                         Title:  Chairman, Chief Executive
                                                 Officer, President and Director

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has  been  signed  by  the  following  persons  in  the
capacities and on the dates indicated.

<TABLE>
<CAPTION>

                    Signature                                        Title                             Date
                    ---------                                        -----                             ----
<S>                 <C>                                              <C>                               <C>
/s/ Martin A. Sumichrast
---------------------------------                       Chairman, Chief Executive Officer,
Martin A. Sumichrast                                         President and Director               March 31, 2000
                                                         (Principal Executive Officer)
/s/ Kevin D. McNeil
---------------------------------                     Vice President, Secretary, Treasurer
Kevin D. McNeil                                           and Chief Financial Officer             March 31, 2000
                                                      (Principal Financial and Accounting
                                                                    Officer)
/s/ Michael Sumichrast, Ph.D
---------------------------------                                   Director                      March 31, 2000
Michael Sumichrast, Ph.D

                                                                    Director
---------------------------------
Wolfgang Kossner

/s/ Dr. Lawrence Chimerine                                          Director                      March 31, 2000
---------------------------------
Dr. Lawrence Chimerine

/s/ Jay R. Schifferli, Esq.                                         Director                      March 31, 2000
---------------------------------
Jay R. Schifferli, Esq.


</TABLE>

<PAGE>



                                  EXHIBIT INDEX





Exhibit
Number                         Description
-------                        -----------

 5.1       Opinion of Kelley Drye & Warren LLP regarding the
           legality of the securities registered hereunder.

 23.1      Consent of Spicer, Jefferies & Co.

 23.2      Consent of BDO Seidman, LLP

 23.3      Consent of Kelley Drye & Warren LLP (included in
           Exhibit 5.1).
[{"type": "S-8", "sequence": "1", "description": "S-8 REGISTRATION STATEMENT", "secsgml_size_bytes": 12043}]
{"company-data": {"conformed-name": "GLOBAL CAPITAL PARTNERS INC", "cik": "0000899627", "assigned-sic": "6799", "irs-number": "521807562", "state-of-incorporation": "DE", "fiscal-year-end": "0331"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-33930", "film-number": "592704"}, "business-address": {"street1": "15245 SHADY GROVE RD", "street2": "STE 340", "city": "ROCKVILLE", "state": "MD", "zip": "20850", "phone": "3015271110"}, "mail-address": {"street1": "15245 SHADY GROVE ROAD, SUITE 340", "city": "ROCKVILLE", "state": "MD", "zip": "20850"}, "former-company": [{"former-conformed-name": "GLOBAL CAPITAL MARKETS INC", "date-changed": "20000204"}, {"former-conformed-name": "EASTBROKERS INTERNATIONAL INC", "date-changed": "19970213"}, {"former-conformed-name": "CZECH INDUSTRIES INC /DE/", "date-changed": "19950308"}]}
As filed with the Securities and Exchange Commission on April 3, 2000
                                                Registration No. 333-___________
================================================================================

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                               ------------------

                                    FORM S-8
                             REGISTRATION STATEMENT
                                      UNDER
                           THE SECURITIES ACT OF 1933

                              --------------------

                          GLOBAL CAPITAL PARTNERS, INC.
             (Exact Name of Registrant as Specified in Its Charter)

          Delaware                                     52-1807562
(State or Other Jurisdiction                (I.R.S. Employer Identification No.)
of Incorporation or Organization)

                         6000 Fairview Road, Suite 1420
                               Charlotte, NC 28210
          (Address of Principal Executive Offices, Including Zip Code)

                             1996 STOCK OPTION PLAN
                            (Full Title of the Plan)

                              Martin A. Sumichrast
                 Chairman, Chief Executive Officer and President
                         6000 Fairview Road, Suite 1410
                               Charlotte, NC 28210
                                 (704) 643-8220
 (Name, Address and Telephone Number, Including Area Code, of Agent For Service)

                            -----------------------

                                    COPY TO:

                             Paul F. McCurdy, Esq.
                            Kelley Drye & Warren LLP
                               Two Stamford Plaza
                              281 Tresser Boulevard
                           Stamford, Connecticut 06901

                            -----------------------

                         CALCULATION OF REGISTRATION FEE
===================================================================================================================

 Title of Securities        Amount to be        Proposed Maximum       Proposed Maximum           Amount of
to be Registered           Registered (1),(3)  Offering Price Per     Aggregate Offering      Registration Fee
                                                   Share(2),(3)             Price (2)
--------------------------------------------------------------------------------------------------------------------

Common Stock,               600,000               $8.0625                 $4,837,500             $1,277.10
Par value $.05 per share   shares(2)
=====================================================================================================================
(1)      Pursuant  to Rule  416  under  the  Securities  Act,  there  are  also
         registered  hereunder  such  additional  Common  Shares as may  become
         issuable  under the 1996 Stock  Option Plan  through the  operation of
         applicable anti-dilution provisions.

(2)      Estimated solely for the purpose of calculating the registration fee in
         accordance  with Rule 457(c) and (h) under the  Securities Act of 1933,
         as amended  (the  "Securities  Act").  The price per share is estimated
         based on the average of the high and low trading  prices for the Common
         Stock on February 29, 2000 as reported by Nasdaq SmallCap Market.

(3)      This Registration Statement on Form S-8 is being filed pursuant to Rule
         429 under the  Securities  Act of 1933,  as  amended  (the  "Securities
         Act"). 600,000 shares of Common Stock were previously registered, and a
         fee of $1,139.87 was previously paid, under our Registration  Statement
         on Form S-8, no. 333-25887 and our Registration  Statement on Form S-8,
         no. 333-56973,  each of which is hereby combined with this Registration
         Statement under Rule 429.
EXPLANATORY NOTE

         The  purpose  of this  Registration  Statement  on Form  S-8  File No.
333-56973 of Global Capital Partners,  Inc. (the "Registrant") is to register an
additional  600,000 shares of the Registrant's  common stock, par value $.05 per
share (the "Common Stock"),  issuable  pursuant to the  Registrant's  1996 Stock
Option Plan,  as amended on December  17,  1997,  April 12, 1999 and November 9,
1999 (the "Plan").

         The  contents  of   Registration   Statement  File   No. 333-25887  and
Registration  Statement  File  No.  333-56973,  each  previously  filed  by  the
Registrant  and  relating to 400,000 and 200,000  shares,  respectively,  of the
Common Stock to be offered  pursuant to the Plan, are  incorporated by reference
hereto pursuant to General Instruction E to Form S-8.

         The document(s)  containing the information  concerning the 1996 Option
Plan, as amended (the "Plan") of  Eastbrokers  International  Incorporated  (the
"Registrant")  specified in Part I of the instructions to Registration Statement
on Form S-8 have been or will be sent or given to the  participants in the Plan,
as specified by Rule 428(b)(1) under the Securities Act of 1933 (the "Securities
Act"). In accordance with the Note to Part I of the instructions to Registration
Statement on Form S-8,  such  documents  are not filed with the  Securities  and
Exchange  Commission  either  as  part of this  Registration  Statement  or as a
prospectus or prospectus  supplement  pursuant to Rule 424 under the  Securities
Act.  These  documents  and the  documents  incorporated  by  reference  in this
Registration  Statement  pursuant to Item 3 of Part II hereof,  taken  together,
constitute  a prospectus  that meets the  requirements  of Section  10(a) of the
Securities Act.

                                     PART II

               INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

ITEM 3.  INCORPORATION OF DOCUMENTS BY REFERENCE.

         The SEC allows us to incorporate  by reference the  information we file
with it. The  information  incorporated by reference is considered to be part of
this report,  and later information filed with the SEC will update and supersede
that information. We incorporate by reference the documents listed below and any
future filings made with the SEC under Sections 13(a), 13(c), 14 or 15(d) of the
Exchange Act of 1934, as amended.

        o  Our Annual Report on Form 10-KSB for the year ended March 31,
           1999.(1)

        o  Our Quarterly Report on Form 10-QSB for the quarter ended June 30,
           1999.

        o  Our Quarterly Report on Form 10-QSB for the quarter ended September
           30, 1999.

        o  Our Quarterly Report on Form 10-QSB for the quarter ended December
           31, 1999.

        o  Our Current Report on Form 8-K filed on December 7, 1999.

        o  Our Current Report on Form 8-K/A filed on February 7, 1999. (1)

        o  Our Proxy Statement relating to the Annual  Meeting  of  Stockholders
           held on November 9, 1999, filed on October 4, 1999.

        o  Our  Proxy  Statement relating to the Special Meeting of Stockholders
           on January 31, 2000, filed on January 10, 2000.

        o  The   description  of   the   Common   Stock  as  set  forth  in  our
           Registration Statement on Form S-1 No. 33-89544  filed  with  the SEC
           on  February  15,  1995  including  any  amendment  thereto or report
           filed for the purpose of updating such description.

---------------------
(1) Financial  statements  for the year ended March 31, 1999 have been restated,
as  required,  to reflect the November  23, 1999  acquisitions  of The JB Sutton
Group, LLC which was accounted for under the purchase method of accounting. Such
financial  statements  are  included in our amended  Current  Report on Form 8-K
filed on February 7, 2000.
ITEM 8.  EXHIBITS.

         The following opinion and consents are attached hereto as exhibits:

   Exhibit No.                              Description
   -----------                              ------------

       5.1            Opinion of Kelley Drye & Warren LLP regarding the legality
                      of the securities being registered.

      23.1            Consent of Spicer, Jeffries & Co.

      23.2            Consent of BDO Seidman, LLP

      23.3            Consent of Kelley Drye & Warren LLP (included in
                      Exhibit 5.1).
SIGNATURES

         Pursuant  to the  requirements  of the  Securities  Act  of  1933,  the
Registrant certifies that it has reasonable grounds to believe that it meets all
of the requirements for filing on Form S-8 and has duly caused this amendment to
the  Registration  Statement  to be  signed on its  behalf  by the  undersigned,
thereunto duly authorized, in the city of Charlotte, state of North Carolina, on
this 31st day of March, 2000.

                                      GLOBAL CAPITAL PARTNERS, INC.

                                      By:/s/ Martin A. Sumichrast
                                         ---------------------------------------
                                         Name:   Martin A. Sumichrast
                                         Title:  Chairman, Chief Executive
                                                 Officer, President and Director

         Pursuant  to the  requirements  of the  Securities  Act of  1933,  this
Registration  Statement  has  been  signed  by  the  following  persons  in  the
capacities and on the dates indicated.
Signature                                        Title                             Date
                    ---------                                        -----                             ----
/s/ Martin A. Sumichrast
---------------------------------                       Chairman, Chief Executive Officer,
Martin A. Sumichrast                                         President and Director               March 31, 2000
                                                         (Principal Executive Officer)
/s/ Kevin D. McNeil
---------------------------------                     Vice President, Secretary, Treasurer
Kevin D. McNeil                                           and Chief Financial Officer             March 31, 2000
                                                      (Principal Financial and Accounting
                                                                    Officer)
/s/ Michael Sumichrast, Ph.D
---------------------------------                                   Director                      March 31, 2000
Michael Sumichrast, Ph.D

                                                                    Director
---------------------------------
Wolfgang Kossner

/s/ Dr. Lawrence Chimerine                                          Director                      March 31, 2000
---------------------------------
Dr. Lawrence Chimerine

/s/ Jay R. Schifferli, Esq.                                         Director                      March 31, 2000
---------------------------------
Jay R. Schifferli, Esq.
EXHIBIT INDEX

Exhibit
Number                         Description
-------                        -----------

 5.1       Opinion of Kelley Drye & Warren LLP regarding the
           legality of the securities registered hereunder.

 23.1      Consent of Spicer, Jefferies & Co.

 23.2      Consent of BDO Seidman, LLP

 23.3      Consent of Kelley Drye & Warren LLP (included in
           Exhibit 5.1).