Deriv vs Eightcap - Fees Review included
Which broker is better Deriv or Eightcap? Our expert assessment conducted according to TU’s own methodology showed that Deriv is one of the top brokers in the financial market with the TU Overall Score of 7.2 out of 10. Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.1 out of 10. Find out more about TU Overall Score.
| Feature | Deriv | Eightcap |
|---|---|---|
Overall |
1.5 |
2.9 |
1.5 |
3.3 |
|
1.7 |
3.7 |
|
1.6 |
3.7 |
|
Investment Instruments |
1.8 |
1 |
Platforms and Charting Tools |
1.4 |
3.5 |
Deposit and Withdrawal |
1.8 |
3.6 |
Research |
1.4 |
3.9 |
Education |
1.3 |
3.4 |
Support |
1.2 |
3.6 |
Bonuses |
1.3 |
4 |
|
|
|
Deriv vs Eightcap: Pros and Cons
Deriv is a brokerage company that started its activities in 1999. Deriv's mission is to make trading accessible. For this reason, the company has low minimum deposit requirements, but high-quality working conditions. DTrader is one of the broker's several proprietary trading platforms. Two others are DBot and DMT5. Deriv offers its clients to trade Forex assets, stocks, indices (including synthetic ones), CFDs, commodities, and options. Deriv is an international broker licensed and regulated by the following bodies: UK Financial Conduct Authority (FCA), Vanuatu Financial Services Commission (VFSC), Malta and Labuan Financial Services Authority (MFSA and Labuan FSA). The rights of traders are guarded by the Financial Commission, of which Derive is also a member.
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
| Deriv | Eightcap | |
|---|---|---|
| Overall Pros | Low level of the minimum deposit. | a large number of trading assets |
| A wide range of payment agents for replenishment of the deposit and withdrawal of earned funds. | Low fees | |
| Availability of trading instruments of different groups: currency pairs, stocks, indices, metals, etc. | Good bonus programs | |
| Broker regulation by several authorities from different countries. | Raw account avaible | |
| Round-the-clock client support. | ||
| Choice of three convenient trading platforms. | ||
| No commission for maintaining a trading account and using its platforms. | ||
| Overall Cons | The tutorials provided on the site may not be enough for novice traders. | High minimum deposit - $100 |
| Deriv has only a few ways to contact support. | lack of investment programs | |
| The broker does not serve clients from several countries, such as the USA, Canada, Malaysia, Israel, and others. |
Deriv vs Eightcap: Safety and Regulation
| Deriv | Eightcap | |
|---|---|---|
Max. Regulation Level |
Tier-2 |
Tier-1 |
Investor protection |
€20,000 |
£85,000 €20,000 |
FCA UK Regulation |
No |
Yes |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
No |
Yes |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
Yes |
No |
VFSC |
Yes |
No |
FSA (Seychelles) |
No |
No |
Deriv vs Eightcap: Trading Conditions
| Trading Conditions | Deriv | Eightcap |
|---|---|---|
Minimum Deposit |
$10 |
$100 |
Trading Platforms |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Max Leverage (Futures) |
1-1000 |
1-30 for Australian clients and 1-500 for Non-AU clients |
Supported Markets |
Currency pairs, cryptocurrencies, CFDs, indices, stocks, synthetic indices, commodities |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Trading assets |
218+ |
3620+ |
Trading Accounts |
Real account, demo account |
Standard Account, Raw Account, Demo |
Base Account Currencies |
Deriv MT5, Deriv X, DTrader, SmartTrader, DBot |
AUD, USD, GBP, NZD, SGD, EUR |
Deriv vs Eightcap: Fees
| Deriv | Eightcap | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,5 |
0,4 |
Standard acc. spread EUR/USD, max pips |
0,8 |
1,5 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
No |
Withdrawal fee, USD |
No |
No |
Inactivity fee, $ |
25 |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Deriv vs Eightcap: Trading Assets
| Asset Name | Deriv | Eightcap |
|---|---|---|
Overall |
218+ |
3620+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes |
Yes (CFD) |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
Yes |
Binary Options |
No |
No |
Deriv or Eightcap: Investment Programs
| Asset Name | Deriv | Eightcap |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Eightcap or Deriv
| Deriv | Eightcap | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
DTrader |
No |
Others |
SmartTrader |
No |
|
|
|
Deriv vs Eightcap: Deposit and Withdrawal Methods
| Deriv | Eightcap | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Deriv vs Eightcap: Research
| Research Type | Deriv | Eightcap |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Deriv vs Eightcap: Education
| Education Type | Deriv | Eightcap |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
Eightcap vs Deriv: Support
| Support Features | Deriv | Eightcap |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Deriv vs Eightcap: Forex Bonuses and Promo
| Promo | Deriv | Eightcap |
|---|---|---|
Forex Bonus |
No |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
Affiliate Program |
Deriv’s affiliate program is presented in three types: a trader can (i) receive additional earnings for the monthly income of his referees, (ii) for the probability of payments on options, as well as (iii) for inviting new users to the Deriv broker. |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
Other Promos |
||
|
|
|
Top 5 Reviews on Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
Top 5 Reviews on Deriv
-
Comment
I found Deriv through reviews on Traders Union and haven’t regretted it — the company is truly international, operating under licenses from the MFSA, LFSA, and other regulators. I was especially impressed by the DTrader platform: simple interface, a wide selection of indicators, and easy chart customization. I opened trades on Forex and synthetic indices, and in the first month, I managed to earn $70, even though I started with the minimum deposit.
-
Comment
I opened an account with Deriv earlier this year, attracted by the low spreads and a minimum deposit of just $5. I started out trading on a demo account, but later deposited $50 into a real account. What I liked is that Deriv offers over 200 assets, including currencies, cryptocurrencies, indices, and synthetic instruments. After three months of active trading, I was able to withdraw my first profit of $180 via Skrill — the withdrawal was processed within a day and without any fees.
-
Comment
Deriv stands out for its unique instruments like synthetic indices and futures, which are available 24/7 without weekend breaks. The MT5 platform runs smoothly, and there are convenient web versions like DTrader and a mobile app. Deposits and withdrawals start from just $5, with minimal transaction fees. Over the past month, I made three withdrawals — each time the funds arrived within one business day. Deriv also offers educational courses and analytics that truly help beginners get up to speed quickly. I recommend Deriv for its reliability and wide range of instruments.
-
Comment
Deriv offers excellent conditions for mobile trading: the app runs smoothly on all devices, and all features fully mirror the web platform. For beginners, there’s a $10,000 demo account available to test any strategies risk-free. Spreads on major instruments start from 0.5 pips, and execution speed is high — I haven’t experienced any delays. I regularly take part in Deriv competitions, which offer the chance to win bonuses and no-deposit credits. After a year of trading with Deriv, I managed to grow my account from $50 to $700, and I’ve never had any issues with verification or customer support.
-
Comment
Deriv offers very flexible conditions for automation: the DBot robot builder allows you to create your own trading algorithms without any coding knowledge. The minimum deposit is $5, and commissions on most CFD trades are minimal—usually less than $1 per lot. Investors have access to a wide range of trading instruments: currencies, stocks, commodities, cryptocurrency, and indices. I especially appreciate the ability to trade with leverage up to 1:1000, which provides great potential to grow your deposit. Over the past three months, I have received more than $30 in cashback from participating in Deriv promotions.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.