Eightcap vs Tradeview - Fees Review included
Which broker is better Eightcap or Tradeview? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 out of 10. Tradeview is one of the top brokers in the financial market with the TU Overall Score of 4.44 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Tradeview |
|---|---|---|
Overall |
2.9 |
4.2 |
3.3 |
3.8 |
|
3.7 |
4.8 |
|
3.7 |
4.6 |
|
Investment Instruments |
1 |
3.6 |
Platforms and Charting Tools |
3.5 |
5.0 |
Deposit and Withdrawal |
3.6 |
4.6 |
Research |
3.9 |
2.1 |
Education |
3.4 |
1.8 |
Support |
3.6 |
4.6 |
Bonuses |
4 |
1 |
|
|
|
Eightcap vs Tradeview: Pros and Cons
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.
Tradeview Markets is an ECN and CFD broker that has been operating since 2004. The company offers trading with 5 asset classes. There is also a separate Tradeview Markets unit providing stock CFD trading services. The office is headquartered in the Cayman Islands. Over 100 000 clients from different countries use the broker’s services. The broker operates under a financial services license issued by the Cayman Islands Financial Regulator (CIMA) and the Malta Financial Services Authority (MFSA).
| Eightcap | Tradeview | |
|---|---|---|
| Overall Pros | a large number of trading assets | Tight market spreads (from 0.1 pips) |
| Low fees | Access to the cTrader Copy service | |
| Good bonus programs | Copying services via its cTrader Copying app | |
| Raw account avaible | 4 types of trading terminals – MetaTrader 4, MetaTrader 5, cTrader and CurreneX | |
| No trading restrictions | ||
| Overall Cons | High minimum deposit - $100 | Withdrawal fees |
| lack of investment programs | Limited education | |
| ECN account minimum deposit $1,000 | ||
| No tier-1 regulations |
Eightcap vs Tradeview: Safety and Regulation
| Regulated By: | Eightcap | Tradeview |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
Cayman Island Monetary Authority (CIMA) License #585163; Malta Financial Services Authority, MFSA Licence number: IS/93990. |
Eightcap vs Tradeview: Trading Conditions
| Trading Conditions | Eightcap | Tradeview |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), cTrader, CurreneX, Sterling Trader |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-400 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Currency pairs (60), indices (9), metals (3), energy resources (3), cryptocurrencies (5),over 5,000 real U.S. stocks and options |
Trading assets |
3620+ |
5000+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Demo, Innovative Liquidity Connector, X Leverage Account |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR, GBP, JPY, CAD, AUD |
Eightcap vs Tradeview: Fees
Forex Trading Fees
| Fee | Eightcap | Tradeview |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
Competetive |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$2.5 per trade |
ECN Account EUR Average Spread |
0,06 pips |
0.1 pips |
CFD Trading Fees
| Fee | Eightcap | Tradeview |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Eightcap | Tradeview |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
There is a fixed commission of c or equivalent. The commission is 1.5% for Neteller, and 1% for Skrill. |
Inactivity Fee |
No |
$50 per month after 6 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Tradeview: Trading Assets
| Asset Name | Eightcap | Tradeview |
|---|---|---|
Overall |
3620+ |
5000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
Yes |
Futures Trading |
Yes |
Yes |
Binary Options |
No |
No |
Eightcap or Tradeview: Investment Programs
| Asset Name | Eightcap | Tradeview |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Tradeview or Eightcap
| Eightcap | Tradeview | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
No |
No |
Others |
No |
CurreneX, Sterling Trader |
|
|
|
Eightcap vs Tradeview: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Tradeview |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
Eightcap vs Tradeview: Research
| Research Type | Eightcap | Tradeview |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs Tradeview: Education
| Education Type | Eightcap | Tradeview |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
Tradeview vs Eightcap: Support
| Support Features | Eightcap | Tradeview |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Contract form |
Eightcap vs Tradeview: Forex Bonuses and Promo
| Promo | Eightcap | Tradeview |
|---|---|---|
Forex Bonus |
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 |
No |
Affiliate Program |
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 |
Only for corporate clients |
Other Promos |
||
|
|
|
Top 5 Reviews on Tradeview
-
Comment
It is not possible to withdraw money from Tradeview. The request hangs for 3 weeks, but the withdrawal is still pending. Friends, do not open an account with this company, they will definitely deceive you. They are scammers, I tell you for sure!
-
Comment
Tradeview does not display transactions on the interbank market. Everything spins in their company and goes straight into their wallet. Out of inexperience, I brought my money here in order to increase it, 6000 bucks, but nothing was left of them, unfortunately. Don't believe a single word they say!
-
Comment
threw 300 dollars, everything was fine, reached 1000 tried to withdraw, everything went fine. threw another 1500 to 5k everything was fine. yesterday I go in and writes: data entered incorrectly (lost money! do not believe them! everything is a scam!!!!
-
Comment
These are real scammers! The money will be withdrawn a couple of times, and the next one freezes, then all communication disappears. Deception!!!
-
Comment
If you are an active trader and if you need a broker with a small commission, then you should pay attention to the Tradeview Markets. This broker provides very good conditions. Spreads tend toward zero, and the commission is small. If you have more than $100,000 in capital and your traded volume exceeds a certain level, then you will be provided with VIP conditions with very low commission, spreads, and other chips. I can’t say anything about the affiliate program, because I didn’t use it.
Top 5 Reviews on Eightcap
-
Comment
I can honestly say that Eightcap’s one of the best economic calendars I've ever used. It's a great way to stay up-to-date on the latest news and events that can impact the forex market. The calendar is easy to navigate, and it shows you the upcoming economic events, their estimated impact (low, medium, high), and the currency pairs that might be affected. You can see events like the Chicago Fed National Activity Index and the Westpac Consumer Confidence for Australia. This info is all really helpful for planning your trades. Recently, I used the AvaTrade calendar to see what economic data was coming out for the US dollar (USD). There was a big report on retail sales coming up, and AvaTrade predicted it could have a high impact on the USD. I decided to hold off on a trade I was considering until after the report was released, just in case it caused a lot of volatility. Turned out to be a good decision, because the USD price moved a lot after the report came out.
-
Comment
So, let me tell you a little about my experience with Eightcap. Their registration process? Quite thorough. They did a good job explaining the options during sign-up. However, uploading documents could use some improvement. I found it a bit tricky at first, and it didn't seem to overwrite previous uploads, which was a bit confusing. So yeah, some roadblocks in the way but my overall experience has been positive so far with Eightcap.
-
Comment
I've been using Eightcap for a few weeks now, and I've been impressed with their customer service. The other day, I had a question about depositing funds to my account. I didn't want to wait on hold on the phone, so I decided to try their chatbot support. To my surprise, the chatbot was really helpful. It was able to answer my question quickly and easily, without any hassle. Based on my experience, Eightcap's chatbot seems like a great resource for getting quick answers to basic questions. It's definitely a plus for new traders who might be unfamiliar with the platform or forex trading in general. Of course, if you have a more complex issue, you might still need to contact a live person. But for those simple questions, the chatbot is a great way to go.
-
Comment
I've been trading with Eightcap for about a year now. The broker offers reasonable trading conditions, a fast platform, and instant order execution. Traders here are not restricted from trading on news events, and any strategies can be applied. It's important that the Eightcap terminal doesn't disappoint, with the server connection always stable. Overall, the platform operates smoothly without freezes or glitches.
-
Comment
The broker Eightcap can provide good trading opportunities. There are no special features here, but the platform works quickly. Therefore, you can trade actively and open trades in a medium-term trading system. Eightcap has proven itself quite well. I have been working with them for two years and haven't noticed any serious problems.
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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.