eToro vs Eightcap

If you are reading this article, you’re likely having trouble deciding whether eToro 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 eToro vs Eightcap review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

FeatureeToro (visit site)Eightcap (visit site)
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Market MakerMarket Maker
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*74.00% of retail CFD accounts lose money.

Features and Platforms

eToro remains a leading social trading broker, but its 2019 expansion into the cryptocurrency sector rekindled its success. Millennial traders prefer a combination of both, and eToro executes well for both groups. 75% of the more than 13,000,000 traders lose money at eToro. It relies on the active community to provide trading ideas, but the competitive asset selection comes with a higher structure and a sub-optimal trading platform. Eightcap caters to active traders with better trading platforms, superior technology, and a competitive cost structure. They include upgraded MT4/MT5 trading platforms with the Amazing Trader plugin, the active TradingView community, and Capitalise AI, a code-free environment to automate trading strategies. It fully supports automated trading solutions. Eightcap also provides market commentary and educational content.

Type of Platform:Proprietary platformMetaTrader 4, MetaTrader 5
Platform Languages:
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  • Mobile
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Available Markets

Neither broker offers Forex traders a wide choice. eToro has 49 currency pairs against 40+ listed at Eightcap. The former shines with its cryptocurrency selection of 93, bested by 250+ at Eightcap. eToro takes the lead in equity markets with more than 2,000 CFDs and 150 ETFs. Eightcap counters with 900+. eToro provides clients with 31 commodities for excellent exposure. Eightcap offers just 4 together with 11 index CFDs. eToro adds 13, and the overall asset selection is notably better there.

Binary Options:

Typical Spreads and Fees

The commission-free trading accounts at eToro and Eightcap provide an identical minimum mark-up of 1.0 pips, which is uncompetitive. Eightcap delivers active traders with a raw spread account for a commission of $7.00 per round lot. Traders have to pay swap rates on leveraged overnight positions, while clients at each broker receive the impact of corporate actions that impact equity, index, and ETF positions. Third-party deposit and withdrawal fees apply, but eToro also levies an unacceptable $5 internal withdrawal cost. eToro charges an inactivity fee, non-existent at Eightcap, where traders enjoy a friendlier pricing environment.

Security and Trust

Both brokers maintain a spotless record with their respective regulators. eToro and Eightcap segregate client deposits from corporate funds. Negative balance protection exists when mandated by regulators, but not across all operating entities. The Australian Securities & Investments Commission (ASIC), the UK Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC) regulate eToro and Eightcap. Eightcap also has a license from the Securities Commission of The Bahamas (SCB). eToro also operates in the US as a FinCEN registered Money Services Business. Traders can trust both brokers with their portfolios.

eToro vs Eightcap – Verdict

Individuals who wish to follow others with a few clicks will benefit from eToro and its CopyTrader and CopyPortfolios. eToro also serves cryptocurrency traders 93 CFDs, a sentiment indicator for digital assets based on Twitter, and a mobile wallet. The asset selection remains competitive, but its market team represents the most valuable business unit. eToro maintains a sub-optimal trading platform and a slightly high structure. Eightcap delivers a superior choice of trading platforms with the MT4 and MT5, upgraded via the Amazing Trader plugin and the active TradingView community. It also offers Capitalise AI, allowing traders to automate strategies in a code-free environment. The raw spread account grants active traders a competitive cost structure. Premium liquidity and fast execution speed make Eightcap an excellent choice for automated trading solutions. Social and cryptocurrency traders have a better offer at eToro if they overlook the trading platform.

Read full eToro Review
Read full Eightcap Review

eToro maintains 49 Forex pairs and 2,300+ CFDs. Eightcap lists just 29 currency pairs and 200+ CFDs.


Is eToro or Eightcap safer for Forex and CFDs trading?

Both brokers offer an equally safe trading environment for Forex and CFD trading. eToro has more tier-one regulators than Eightcap.

How many Forex pairs and CFDs are available to trade?

eToro maintains 49 Forex pairs and 2,300+ CFDs. Eightcap lists just 29 currency pairs and 200+ CFDs.

Which broker is better for beginner traders?

Eightcap provides traders with a quality research section, making it a better choice for beginner traders. New traders who do not wish to trade but follow others will benefit more at eToro.

What about MetaTrader and copy trading?

eToro does not offer MetaTrader but features an attractive copy trading environment. Eightcap provides the MT4 and MT5 trading platform without direct support for copy trading. Each MetaTrader account supports copy trading from within the trading platform.

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