Eightcap vs Binary.com

Eightcap vs Binary.com Comparison Table 2023
Eightcap	Binary.com
Review 4.6	Review 4
Traders from US not accepted	Traders from US not accepted
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 5 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.	Binary.com are the established pioneers of binary options. They are a well-known broker offering 150+ derivative products across a range of popular markets. With over 2.5 million users worldwide, the broker offers options multipliers and CFDs on two powerful trading platforms.
Comment by Reviewer
"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."	"Binary.com (now Deriv) is a great pick for beginners and advanced traders interested in short-term trading with multipliers and leveraged CFDs. The broker is also a leader in synthetic indices which simulate real market movements and are available around the clock."
Pros
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	Access to a range of interesting markets, including Deriv's proprietary synthetic indices which are derived from simulated markets Strong global reputation with decades of experience in the trading industry Beginners can practise strategies in the demo account with unlimited virtual funds Instant deposit methods with minimum funding as low as $5 Variety of risk management tools including trading limits and self-exclusion protocols Responsive 24/7 customer support via live chat, telephone, email or WhatsApp Sign up for a CFD or Multiplier account in minutes
Cons
Cryptocrusher platform not available for Australian clients Not as many shares as other brokers Only four commodities available	Limited regulatory oversight DTrader platform only available via web browser Narrow range of instruments vs other brokers
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	Best Binary Options Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies	Stocks, CFD, Forex, Crypto, Binary Options
Demo Account
Yes	Yes
Minimum Deposit
£/€/$100	$5
Payment Methods
Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay	Bitcoin Payments FasaPay Paysafecard Perfect Money QIWI Skrill Wire Transfer Yandex Money
Minimum Trade
0.01 lots	$1
Regulator
ASIC, VFSC	MGA, SC
Margin Trading
Yes	No
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
No	No
ECN Account
No	No
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	No
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS, Android
Auto Trading
Capitalise.ai & Expert Advisors	Binary.com offer a self build robot feature to design, test and implement automated trading strategies
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Cryptocrusher - signals for cryptocurrencies
VPS Hosting
Yes	No
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
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD SGD	USD
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
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. Skilling also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.	Trade CFDs with tight spreads on key markets as well as the broker's 24/7 synthetic indices, which are not available elsewhere.
Leverage
1:30 - 1:500 depending on local regulation	1:1000
FTSE Spread
1.2	1 pt var
GBPUSD Spread
1.0 but 0.0 on Raw Account	1 pip var
Oil Spread
0.03	3 pips var
Stocks Spread
$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Trade 40+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions.	Binary.com deliver advanced forex trading via the MetaTrader 5 platform and flexible account options.
GBPUSD Spread
1.0 but 0.0 on Raw Account	1 pip var
EURUSD Spread
1.0 but 0.0 on Raw Account	0.5 pip var
EURGBP Spread
1.0 but 0.0 on Raw Account	1 pip var
Assets
40+	45+
Cryptocurrency
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.	Trade with 1:2 leverage on 25+ crypto pairs with zero commission and access to the powerful MT5 platform.
Spread
From $0	BTC 2%, ETH 3%
Coins
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	BCH BTC ETH LTC XRP
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Binary.com are the pioneers of binary options. The original binary brand continue to expand and innovate their offering and remain one of the most trusted brands in the binary sector.
Payout
	91%
Ladder Options
No	Yes
Boundary Options
No	Yes

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