eToro vs Eightcap - Fees Review included
Which broker is better eToro or Eightcap? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 5.7 out of 10. Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 out of 10. Find out more about TU Overall Score.
Feature | eToro | Eightcap |
---|---|---|
Overall |
4.8 |
2.9 |
5.0 |
3.3 |
|
4.7 |
3.7 |
|
4.9 |
3.7 |
|
Investment Instruments |
5.0 |
1 |
Platforms and Charting Tools |
4.1 |
3.5 |
Deposit and Withdrawal |
4.5 |
3.6 |
Research |
5 |
3.9 |
Education |
4.3 |
3.4 |
Support |
4.2 |
3.6 |
Bonuses |
1 |
4 |
|
|
eToro vs Eightcap: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
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.
eToro | Eightcap | |
---|---|---|
Overall Pros | Mobile app for trading from smartphones | a large number of trading assets |
Highly licensed and regulated broker | Low fees | |
eToro charges a fixed withdrawal fee of $5 USD | Good bonus programs | |
The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | Raw account avaible | |
The funds of eToro clients are held at the licensed US banks | ||
Overall Cons | Customer support can be only contacted by tickets | High minimum deposit - $100 |
lack of investment programs |
eToro vs Eightcap: Safety and Regulation
Regulated By: | eToro | Eightcap |
---|---|---|
US Regulation |
Yes (eToro US) |
No |
FCA (Great Britain) |
Yes |
No |
CySec (Cyprus, EU) |
Yes |
No |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Seychelles FSA |
ASIC, VFSC |
eToro vs Eightcap: Trading Conditions
Trading Conditions | eToro | Eightcap |
---|---|---|
Minimum Deposit |
$50 |
$100 |
Trading Platforms |
eToro |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Max Leverage (Futures) |
1:30 |
1-30 for Australian clients and 1-500 for Non-AU clients |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Trading assets |
1000+ |
3620+ |
Trading Accounts |
Standard, Demo |
Standard Account, Raw Account, Demo |
Base Account Currencies |
USD |
AUD, USD, GBP, NZD, SGD, EUR |
eToro vs Eightcap: Fees
Forex Trading Fees
Fee | eToro | Eightcap |
---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
0.76 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0,06 pips |
CFD Trading Fees
Fee | eToro | Eightcap |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | eToro | Eightcap |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
$5 |
Bank transfers have variable fees, typically about 25$ |
Inactivity Fee |
$10 per month after 12 months of inactivity |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs Eightcap: Trading Assets
Asset Name | eToro | Eightcap |
---|---|---|
Overall |
1000+ |
3620+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
Yes |
Energy |
Yes (CFD) |
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 |
eToro or Eightcap: Investment Programs
Asset Name | eToro | Eightcap |
---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Eightcap or eToro
eToro | Eightcap | |
---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
eToro |
No |
Others |
No |
No |
|
|
eToro vs Eightcap: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | eToro | Eightcap |
---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
No |
eToro vs Eightcap: Research
Research Type | eToro | Eightcap |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
Yes |
No |
eToro vs Eightcap: Education
Education Type | eToro | Eightcap |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
No |
Cent account |
No |
No |
Eightcap vs eToro: Support
Support Features | eToro | Eightcap |
---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
eToro vs Eightcap: Forex Bonuses and Promo
Promo | eToro | 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 |
$100-250 per trader |
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 |
No |
|
|
|
Top 5 Reviews on Eightcap
-
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.
-
Comment
Collaborating with Eightcap has been a key moment in my trading career. Their reliable platform, quick order execution, and professional support have helped me achieve consistent results in trading. Withdrawals may not be as fast as desired, but Eightcap has never violated its withdrawal schedule.
Top 5 Reviews on eToro
-
Comment
Stability in trading is the most important thing that I note in a broker’s operation. There are a lot of scams now, and finding a good broker is now very difficult. The regulator's license is important, but the company's presence on the market is more important. Entrusting the service to someone who has been operating for many years is the best idea. I have decided on eToro.
-
Comment
eToro is the first broker where I am not bothered with requotes. They haven’t occurred in 3 months even at high activity. It is clear that eToro has a thorough approach to work; the equipment is not cheap.
-
Comment
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
-
Comment
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
-
Comment
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
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.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!