Bitfinex vs Eightcap

Bitfinex vs Eightcap Comparison Table 2023
Bitfinex Review 2023	Eightcap Review 2023
Review 3.9	Review 4.6
Traders from US not accepted See available crypto brokers	Traders from US not accepted See available CFD brokers
Bitfinex is a crypto trading firm with a powerful proprietary platform and a good range of digital assets. With 180+ cryptocurrencies and 430+ market pairs traded via spot or perpetual swap derivatives, this is a flexible exchange with plenty of opportunities for serious crypto traders. Bitfinex also offers decent leverage up to 1:10.	Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.
Bonus Offer
Referral codes
Comment by Reviewer
"Experienced crypto traders who want to trade spot or derivatives in high volumes will find a good match in Bitfinex."	"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits."
Pros
Excellent selection of cryptos with hundreds of tokens including Bitcoin Perpetual swap derivatives trade with up to 1:10 leverage Powerful in-house terminal is compatible with MT4 and MT5 BitGo instant for zero confirmations on instant Bitcoin transactions Reliable multilingual customer support Staking program (ie: ETH staking) API Python 3 key Web socket Quandl data	Sophisticated platforms including MetaTrader 4 and TradingView Raw spreads from 0.0 pips and a competitive $3.5 per lot commission Flexible and fee-free payment methods including cryptocurrencies 100+ crypto derivatives, more than most brokers, including crypto crosses and indices Strong trading education and analysis including forex guides and online webinars Cryptocrusher market scanner with sentiment indicators, news and trading signals AI-powered economic calendar with top-level insights, in partnership with Acuity Good for day trading with ECN pricing, a forex VPS and automated trading software
Cons
Not as user-friendly as some competitors History of security breaches raises concerns Lengthy verification process can take up to 8 weeks	Cryptocrusher platform not available for Australian clients Demo account can only be extended upon request Only four commodities available
Awards
	Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com Best Global Forex MT4 Broker 2020 - Global Forex Awards
Instruments
Cryptos	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$10,000	$100
Trading Platforms
MT4 MT5 AlgoTrader	MT4 MT5 TradingView
Payment Methods
Bitcoin Payments Credit Card Debit Card Ethereum Payments Mastercard Simplex UnionPay Visa Wire Transfer	Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay
Minimum Trade
$10 - $25	0.01 Lots
Regulator
	FCA, ASIC, CySEC, SCB
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
Yes	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android	iOS & Android
Auto Trading
Yes	Capitalise.ai platform plus Expert Advisors (EAs) on MetaTrader software
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Cryptocrusher - signals for cryptocurrencies
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$0
Islamic Account
No	Yes
Account Currencies
USD EUR GBP JPY	USD EUR GBP CAD AUD NZD SGD
Stock Exchanges
	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange
Commodities
	Gold Oil Silver
CFD Trading
CFD trading not offered	Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.
Leverage
	1:30 (EU), 1:500 (Global)
FTSE Spread
	1.2
GBPUSD Spread
	1.0
Oil Spread
	0.03
Stocks Spread
	$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Forex trading not offered	Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.
GBPUSD Spread
	1.0
EURUSD Spread
	1.0
EURGBP Spread
	1.0
Assets
	50+
Cryptocurrency
Bitfinex offers clients trading on a superb range of crypto assets, including more than 180 tokens. Perpetual swap trading is supported in addition to spot, giving traders access to margin trading on crypto assets with up to 1:10 leverage.	Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.
Spread
Taker (0.2% to 0.055%) and maker (0.1% to 0.0%)	From $0
Coins
BTC ETH USDT LTC XRP DOGE ETC EOS LINK BCHN DOT DASH IOTA SUSHI NEO ZEC UNI ADA OMG MDOGE BSV TRX XTZ SOL XLM YFI USDC ZRX FIL VET XMR COMP BTG DAI LUNA CEL ALGO ATOM EGLD FTT AVAX MKR LEO BTT CHZ BAT BAND QTUN CLO AAVE XDC HEZ KNC ZIL MANA BAL UOS	BTC ETH XRP ADA DOGE BNB LTC TRX BCH XRP EOS DOT LINK MATIC SHIB BSV VET AXS NEO SOL XLM UNI DASH AAVE KSM THETA CAKE SUSHI ATOM
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
Yes	No
Auto Market Maker
No	No

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