Markets vs Eightcap
If you are reading this article, you’re likely having trouble deciding whether Markets.com or Eightcap is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.
In this Eightcap versus Markets review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Markets vs Eightcap - Verdict
|Feature||Markets (visit site)||Eightcap (visit site)|
|CySEC, FSCA||ASIC, SCB, FCA, CySEC|
Type of Broker:
|Market Maker/STP||Market Maker|
U.S. Clients Allowed:
Commissions / Spreads:
Features and Platforms
Markets.com investors may use the Investment Strategy Builder in the proprietary Marketsi trading platform to create customized portfolios. CFD traders have Marketsx and the MT4/MT5 platforms for automated and copy trading. The XRay personalized financial live stream service and fourteen trading tools enhance the trading environment. Eightcap is an Australian-based broker that continues to improve its offer to traders. Besides the MT4/MT5 trading platforms, Eightcap added Capitalise AI, a machine-learning solution that allows traders to create automated strategies. It upgrades MT4 with the Amazing Trader plugin and connects accounts to the active TradingView community. Excellent trade execution, trading costs, and in-house research also stand out at Eightcap.
|Type of Platform:||Proprietary trading platform, MT4, MT5||MetaTrader 4, MetaTrader 5|
Guaranteed Stop Loss:
Guaranteed Limit Orders:
Interest on Margin:
Retail Loss Rates :
Forex traders at Markets.com have 67 currency pairs and 25 cryptocurrency pairs versus 40+ and 250+ at Eightcap, respectively. The former adds 28 commodities and 40 index CFDs, while the latter has 4 and 1. Markets.com maintains 2,027 equity CFDs, 60 ETFs, 23 in-house themed stock baskets, and four bond CFDs. Eightcap counters with 900+ equity CFDs. Both brokers offer a balanced selection, where Markets.com leads in all sectors except for cryptocurrencies, where Eightcap is a market leader.
Typical Spreads and Fees
Forex traders at Markets.com benefit from one of the most trader-friendly commission-based offers. The minimum spread is 0.6 pips, equaling $6 per 1.0 lot. Eightcap features a mark-up of 1.0 pips for an increase of $4 to $10 per 1.0 lot. It also lists a commission-based alternative with raw spreads of 0.0 pips and a cost of $7 per round lot. Therefore, Markets.com remains notably more competitively prized. Traders have to pay swap rates on leveraged overnight positions, and receive the impact of corporate actions like dividends, splits, and mergers. Third-party payment processor fees may apply.
Security and Trust
Markets.com holds licenses from the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities & Investments Commission (ASIC), and the British Virgin Islands Financial Services Commission (FSC). It also has a £/€/$1,000,000 excess of loss insurance policy and is owned by a publicly listed company in the UK, Playtech PLC, a constituent of the FTSE250.Eightcap operates under oversight from the ASIC, the FCA, the CySEC, and the Securities Commission of The Bahamas (SCB). It also has one unregulated but duly registered subsidiary in St. Vincent and the Grenadines. Both brokers segregate client deposits from corporate funds and offer traders negative balance protection while maintaining a clean regulatory record.
Markets vs Eightcap – Verdict
Investors and traders get an excellent trading environment at Markets.com, one of the most recognized and trusted brokers operational today. The core MT4/MT5 trading platforms offer automated traders a well-known choice, with MT4 the market leader in this category. Enhancing the trading environment are two proprietary trading platforms, fourteen quality trading tools, the personalized financial live stream service XRay, and one of the best pricing environments.The asset selection at Markets.com suffices for all types of traders, placing Markets.com among the best-balanced brokers. While Eightcap is a smaller brokerage, it continues to improve its trading conditions. Its latest addition, Capitalise AI, provides a significant trading edge to clients, as it supports automation of trading strategies, representing an innovative trading tool. Eightcap provides traders with out-of-the-box MT4/MT5 trading platforms, upgraded via the Amazing Trader plugin and the active TradingView community. Quality in-house research, an acceptable commission-based pricing environment, and a balanced asset selection are also available.
Does Markets.com or Eightcap offer lower pricing?
Markets.com offers traders lower pricing with its commission-free structure commencing at 0.6 pips or $6 per 1.0 standard lot. The best offer at Eightcap is its commission-based alternative with raw spreads of 0.0 pips and a cost of $7 per lot.
Is Markets.com or Eightcap safer for Forex and CFDs trading?
Both provide traders with a safe trading environment and a clean regulatory record. Markets.com has more licenses, a £/€/$1,000,000 excess of loss insurance policy, and is part of a publicly listed company. Therefore, the security profile is more massive.
Which is better, Markets.com or Eightcap?
While Markets.com presents an overall better trading environment and tools, the addition of Capitalise AI at Eightcap offers clients an edge only available at a few brokers.
Which is the more reliable broker?
When it comes to reliability, both brokers present an excellent choice.