EagleFX vs Eightcap
EagleFX | Eightcap |
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4.1
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4.6
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Traders from US not accepted
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Traders from US not accepted
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EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders. |
Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular with serious day traders 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. |
Customer Reviews | |
5
Based on 1 EagleFX customer reviews
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3.5
Based on 2 Eightcap customer reviews
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Comment by Reviewer | |
"EagleFX will serve experienced day traders looking for raw ECN spreads, high leverage and fast withdrawals. Beginners can also take advantage of the low $10 minimum deposit and round-the-clock support. However, the lack of regulation is a major drawback." | "Eightcap is great for day traders familiar with MT4 and MT5 and 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 | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$10 | $100 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, ASIC, CySEC, SCB | |
Margin Trading | |
Yes | Yes |
STP Account | |
Yes | No |
ECN Account | |
Yes | 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 | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
iOS & Android | iOS & Android |
App Review | |
Eightcap supports the MT4, MT5 and TradingView apps, catering to traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders. |
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Android App Rating | |
4.4 |
4.4 |
iOS App Rating | |
4.8 |
4.8 |
Auto Trading | |
Expert Advisors (EAs) on MetaTrader | Capitalise.ai, Expert Advisors (EAs) on MetaTrader |
Copy Trading | |
No | No |
Social Trading | |
No | No |
Trade Signals | |
MT4 | Yes |
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 | $0 |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping. | Eightcap offers over 800 CFDs on popular indices, shares, forex, cryptos and commodities. The firm also offers more choice than some competitors in terms of platforms with MT4, MT5 and TradingView, though this does depend on jurisdiction. |
Leverage | |
1:500 | 1:500 |
FTSE Spread | |
0.77 | 1.2 |
GBPUSD Spread | |
1.3 | 1.0 |
Oil Spread | |
0.09 | 0.03 |
Stocks Spread | |
Variable | 0.03 (Apple Inc) |
Forex Trading | |
You can go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of advanced features, including 9 timeframes and over 30 indicators. | Eightcap offers 50+ major, minor and exotic pairs with institutional-level spreads from 0.0 pips and low commissions. The broker also offers top-tier forex research tools, with detailed metrics and indicators available for every symbol. |
GBPUSD Spread | |
1.3 | 1.0 |
EURUSD Spread | |
0.7 | 1.0 |
EURGBP Spread | |
1.4 | 1.0 |
Assets | |
55 | 50+ |
Cryptocurrency | |
A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees. | Eightcap offers almost 100 crypto CFDs - more than top rivals like IC Markets. Bitcoin spreads are also lower than most brokers coming in at 12. Additionally, the powerful Crypto Crusher market scanning tool is ideal for clients looking for real-time trade ideas. |
Spread | |
Floating | From $0 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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