Eightcap vs Firstrade

Eightcap vs Firstrade Comparison Table 2023
Eightcap Firstrade
WINNER
Firstrade is the better broker
4.6
United States Flag Traders from US not accepted
4
United States Flag Traders from US accepted
Eightcap is a multi-regulated FX and CFD broker offering MT4 and MT5. The brand provides award winning trading platforms, zero commissions, free education and low spreads. Firstrade is a US-headquartered discount broker-dealer. With welcome bonuses, powerful tools and apps, plus commission-free trading, Firstrade Securities is a popular online brokerage.
Pros
  • Low minimum deposit
  • Good execution speed
  • Strong regulatory oversight
Cons
  • No demo account
  • No copy trading
  • No MT4 integration
  • Few payment methods
  • Narrow range of investments
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 for ETF & Active Investor Commission & Fees - 2019
Bonus
Deposit Bonus Up To $4000
Instruments
Forex, CFDs, indices, shares, commodities, cryptocurrencies Stocks, ETFs, Options, Mutual Funds, Bonds, Cryptos, Fixed
Demo Account
Yes No
Minimum Deposit
£/€/$100 $0
Payment Methods
Minimum Trade
0.01 lots $1
Regulator
ASIC, VFSC SEC, FINRA
Margin Trading
Yes Yes
Margin Rate
4.50%
MetaTrader 4
Yes No
MetaTrader 5
Yes No
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 Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Capitalise.ai & Expert Advisors
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 Yes
Guaranteed Stop Loss
No No
Inactivity Fee
0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
  • USD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on popular indices, shares, forex, cryptos & commodities CFD trading not offered
Leverage
1:30 - 1:500 depending on local regulation
FTSE Spread
1.2
GBPUSD Spread<
1.0 but 0.0 on Raw Account
Oil Spread
0.03
Stocks Spread
$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Trade 40+ major, minor & exotic pairs with an award winning platform. Zero commission and tight spreads Forex trading not offered
GBPUSD Spread
1.0 but 0.0 on Raw Account
EURUSD Spread
1.0 but 0.0 on Raw Account
EURGBP Spread
1.0 but 0.0 on Raw Account
Assets
40+
Cryptocurrency
Trade Bitcoin, major altcoins, cross pairs and indices. Eightcap delivers over 250 crypto backed derivatives Take positions on 35+ cryptocurrencies with low fees and 24/7 investing.
Spread
From $0 Variable
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
  • ALGO
  • AVAX
  • BAT
  • BTC
  • BCH
  • ADA
  • LINK
  • ATOM
  • CRO
  • CRV
  • MANA
  • DOGE
  • ETH
  • ETC
  • FTM
  • LTC
  • LRC
  • MATIC
  • REN
  • SHIB
  • SOL
  • XLM
  • SUSHI
  • GRT
  • UNI
  • YFI
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
More Comparisons
Eightcap
vs
Firstrade
vs