Eightcap vs Vantage - Fees Review included
Which broker is better Eightcap or Vantage? 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. Vantage is one of the top brokers in the financial market with the TU Overall Score of 8.8 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Vantage |
|---|---|---|
Overall |
2.9 |
4.4 |
3.3 |
4.2 |
|
3.7 |
4.6 |
|
3.7 |
4.4 |
|
Investment Instruments |
1 |
4.6 |
Platforms and Charting Tools |
3.5 |
4.5 |
Deposit and Withdrawal |
3.6 |
4.4 |
Research |
3.9 |
3.9 |
Education |
3.4 |
4.7 |
Support |
3.6 |
4.1 |
Bonuses |
4 |
4.4 |
|
|
|
Eightcap vs Vantage: 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.
Vantage FX is an STP broker that has been operating since 2009. Traders can find Forex currency pairs on the company's website, as well as CFDs on American, Australian, and European stocks, commodities, and indices. The company operates under the licenses of four regulators — the UK (FCA), Australia (ASIC), Vanuatu (VFSC), and the Cayman Islands (CIMA). Since its creation, Vantage FX has received 11 prestigious awards.
| Eightcap | Vantage | |
|---|---|---|
| Overall Pros | a large number of trading assets | The broker has licenses from four reputable regulators |
| Low fees | Free trading signals for traders, regardless of the type of trading account | |
| Good bonus programs | Fantabulous bonus policy and terms of its affiliate program | |
| Raw account avaible | 3 copy trading platforms support | |
| Overall Cons | High minimum deposit - $100 | Customers from most countries are forced to cooperate with a branch that has an offshore license |
| lack of investment programs | Limited education and a lack of information on Forex trading | |
| Snail-paced withdrawal of funds with the requirement to comply with special conditions |
Eightcap vs Vantage: Safety and Regulation
| Regulated By: | Eightcap | Vantage |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
no |
ASIC (Australia) |
No |
Yes |
Other Regulators |
ASIC, VFSC |
Great Britain. The broker operates under the FCA license # 590299; Australia. The company has received ASIC AFSL license # 428901; The Cayman Islands. Vantage FX is regulated by CIMA under license number 1383491; Vanuatu. The broker provides services based on VFSC financial activity permit No. 700271. |
Eightcap vs Vantage: Trading Conditions
| Trading Conditions | Eightcap | Vantage |
|---|---|---|
Minimum Deposit |
$100 |
$200 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Vantage FX app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Currency pairs (44), CFDs on stocks (226), indices (16), and commodities (19) |
Trading assets |
3620+ |
400+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Demo, Standard STP, Pro ECN, RAW ECN |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
AUD, USD, GBP, EUR, SGD, and CAD |
Eightcap vs Vantage: Fees
Forex Trading Fees
| Fee | Eightcap | Vantage |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
1.22 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$2 per lot |
ECN Account EUR Average Spread |
0,06 pips |
0.2 pips |
CFD Trading Fees
| Fee | Eightcap | Vantage |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, US Share CFDs - free, UK/EU Share CFDs - 10 EUR per trade, AU share CFDs - $5 per trade |
Non-Trading Fees
| Fee | Eightcap | Vantage |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Vantage: Trading Assets
| Asset Name | Eightcap | Vantage |
|---|---|---|
Overall |
3620+ |
400+ |
Forex |
Yes |
yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Vantage: Investment Programs
| Asset Name | Eightcap | Vantage |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Vantage or Eightcap
| Eightcap | Vantage | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
Vantage FX |
Others |
No |
No |
|
|
|
Eightcap vs Vantage: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Vantage |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Eightcap vs Vantage: Research
| Research Type | Eightcap | Vantage |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Eightcap vs Vantage: Education
| Education Type | Eightcap | Vantage |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
Vantage vs Eightcap: Support
| Support Features | Eightcap | Vantage |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs Vantage: Forex Bonuses and Promo
| Promo | Eightcap | Vantage |
|---|---|---|
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 |
Initial deposit bonus Clients of the broker can receive a bonus upon the first deposit of 50% of the deposit amount. The maximum bonus amount is 20,000 USD. Funds are accrued in the form of trade credits that can be used to conduct transactions, increase margins, etc. |
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 |
CPA affiliate program (CellXpert). This affiliate program provides a reward for traders who promote the broker's services. The size of the bonus differs depending on the country from which new traders come. The remuneration levels are as follows: 600 USD for clients from Germany, Denmark, Switzerland, UK, Norway, France, the Netherlands, Sweden, Austria, Ireland, and New Zealand; 400 USD for customers from Hong Kong, Finland, Italy, Portugal, UAE, Kuwait, Qatar, Saudi Arabia, Malaysia, Israel; 300 USD for clients from the Czech Republic, Slovak Republic, Poland, Taiwan, Colombia, Thailand, Mexico, Greece, South Africa; 100 USD for clients from other countries. The referred client is registered in the partner group if two conditions are met: Account replenishment for 500 USD; The trading turnover is at least two trading lots in the first month after registration. |
Other Promos |
Vantage FX encourages active traders by returning them some of the commissions in the form of cashback or rebate. Clients who fund their account in the amount of 10,000 USD and maintain the amount at this level can earn commissions up to 8 USD per lot traded. In addition, such customers can receive gifts from the broker, such as a gift card or iPhone. |
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Top 5 Reviews on Vantage
-
Comment
Vantage Markets is a low cost trading platform, it is up to the trader to decide how much they want to start their initial investment with. Vantage allows traders to start trading from just 0.01 lot per tra and this is with competitive spreads from 0.1-0.4. It is important to note that spreads can change during a market session. When there is high liquidity spreads can become tighter because there are more buyers and sellers active in the market and this happens more during the London and New York session overlap. Spreads tend to widen during periods of high market volatility which are caused by rapid price movement.
-
Comment
At Vantage, you can trade more than eight major currencies, including the US dollar (USD), British pound (GBP), Euro (EUR), Canadian dollar (CAD), Australian dollar (AUD), Japanese yen (JPY), Swiss franc (CHF), and New Zealand dollar (NZD). And to be successful in trading these major pairs, you must follow the news involving these currencies. The news feed tool on the Vantage trading platform provides traders trading forex on news releases with real time news on different pairs and economic conditions.I keep up with this news, as every day, new economic data is released that forex traders can use to make well-informed trading de
-
Comment
Vantage trading platform is user friendly and includes features that makes it easy to analyze trades. You have different chart candles to chose with over 100 indicators. One of the features I use mostly when analyzing price charts is the company feature. I can use this to compare multiple currency pairs with the selected pair using the charts to follow its movement. Each pair you select introduces its own line in the graph with a different color. Making it easy to identify each of the currency pairs.
-
Comment
I have always liked Vantage Markets, since it is multi-functional and has excellent client service. Here, I increased my capital thanks to adequate asset capitalization and good liquidity. This is exactly what happens with Vantage Markets. If you know how to trade, it’s not a problem to get a decent profit.
-
Comment
I don't think I would recommend trading with Vantage Markets to anyone else. Although I used to advertise it to everyone. But the situation has changed radically. Conditions on the Vantage Markets platform have deteriorated horribly. If previously slippages were very rare, now they occur on almost every trade. And slippages are not a couple of pips, but 20 pips and above. The broker has deteriorated very badly.
Top 5 Reviews on Eightcap
-
Comment
LEAVE AS IT IS LANGUAGE English emoji ?? IMAGE 4K VIDEO mobile pro
-
Comment
SEND AS A "PRO" LANGUAGE English emoji ?? IMAGE 4K VIDEO FIERFOX
-
Comment
SEND AS A "PRO" LANGUAGE English emoji ?? IMAGE 4K VIDEO + +
-
Comment
SEND LEAVE AS IT IS SEND AS A "PRO" LANGUAGE English emoji ?? IMAGE 4K
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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.