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:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs Eightcap - Verdict

Feature	eToro (visit site)	Eightcap (visit site)
Headquarter:	Cyprus	Australia
Regulation :	CySEC, FCA, ASIC	ASIC, SCB, FCA, CySEC
Type of Broker:	Market Maker	Market Maker
U.S. Clients Allowed:
Minimum Deposit:	$50	$100
Maximum Leverage:	1:30	1:500
Commissions / Spreads:	Spreads	Both
Account 1:	CFD	Standard
Account 2:	Professional	ECN
Account 3:
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/5	24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what eToro offers*78.00% of retail CFD accounts lose money	See what Eightcap offers.

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.

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.

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.