Eightcap vs IG Group

Eightcap vs IG Comparison Table 2024
Eightcap	IG
Review 4.6	Review 4.4

	Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
Customer Reviews
3.5 Based on 2 Eightcap customer reviews	4 Based on 2 IG customer reviews
Comment by Reviewer
"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."	"IG continues to provide a comprehensive package with an intuitive web platform and best-in-class education for beginners, plus advanced charting tools, real-time data, and fast execution speeds for experienced day traders."
Pros
Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title. With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping. After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market. Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.	IG is amongst the best in terms of its range of instruments, which includes stocks, forex, indices, commodities, and cryptocurrencies, providing ample diversification opportunities The proprietary web-based platform continues to caters to traders of all levels, with advanced charting tools and real-time market data useful for day trading The IG app offers a superb mobile trading experience with a clean design that helped it secure Runner Up at our Best Trading App award As a well-established broker, IG operates under strict regulatory guidelines in multiple jurisdictions, maintaining a high level of trust IG offers an extensive collection of professional and engaging educational resources, including webinars, articles, and analysis The ProRealTime advanced charting platform is free as long as certain modest monthly trading activity requirements are met
Cons
In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders. Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities. The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode. Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.	Beginners might find IG’s fee structure complex, with various fees for different types of trades or services, potentially leading to confusion or unexpected charges While there is negative balance protection in the UK and EU, there is no account protection or guaranteed stop losses for US clients IG has discontinued its swap-free account, reducing its appeal to Islamic traders Stock and CFD spreads still trail the cheapest brokers like CMC Markets based on tests IG applies an inactivity fee of $12 per month after 2 years, deterring casual investors
Awards
Best Overall Broker 2024 - DayTrading.com Best Cryptocurrency Broker 2024 - DayTrading.com Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com Best Customer Service Broker 2021 - Global Brands Magazine Best Global Forex MT4 Broker 2020 - Global Forex Awards	Best Customer Service 2022 - Online Money Awards Best Spread Betting Provider 2022 - Online Money Awards Best Platform for the Active Trader 2022 - ADVFN International Financial Awards Best Multi Platform Provider 2022 - ADVFN International Financial Awards Best Finance App 2022 - ADVFN International Financial Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting
Demo Account
Yes	Yes
Minimum Deposit
$100	$0
Trading Platforms
MT4 MT5 TradingView	Web ProRealTime L2 Dealer MT4 AutoChartist TradingCentral
Payment Methods
Bitcoin Payments BPAY Credit Card Debit Card Dragonpay FasaPay Neteller PayPal PIX Payment Skrill UnionPay Visa Wire Transfer	Credit Card Debit Card Mastercard PayPal Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FCA, xCySEC, SCB	FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA
Margin Trading
Yes	Yes
Margin Rate
	2.5%
STP Account
No	No
ECN Account
Yes	No
DMA Account
No	Yes
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
App Review
Eightcap supports the MT4, MT5 and TradingView apps, catering to mobile 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 and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices.	IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.
Android App Rating
4.4	4
iOS App Rating
4.8	4.6
Auto Trading
	Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime
Copy Trading
No	No
Social Trading
Yes	No
Trade Signals
Yes	Yes
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
$0	$12
Islamic Account
Yes	No
Account Currencies
USD EUR GBP CAD AUD NZD SGD	USD EUR GBP CAD AUD JPY ZAR SEK DKK CHF HKD SGD
Stock Exchanges
Australian Securities Exchange (ASX) 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 Russell 2000 S&P 500 SIX Swiss Exchange Toronto Stock Exchange	Australian Securities Exchange (ASX) Borsa Italiana Bombay Stock Exchange Deutsche Boerse Dow Jones Euronext Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Shenzhen Stock Exchange Tadawul Toronto Stock Exchange Taiwan Stock Exchange
Commodities
Gold Nickel Oil Palladium Platinum Silver Zinc	Aluminium Coffee Cannabis Copper Gold Iron Lithium Natural Gas Nickel Oil Orange Juice Palladium Precious Metals Silver Soybeans Steel Sugar Wheat
CFD Trading
Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area.	IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience.
Leverage
	1:30 (Retail), 1:250 (Pro)
FTSE Spread
1.2	1.0
GBPUSD Spread
0.1	0.9
Oil Spread
0.03	2.8
Stocks Spread
0.03 (Apple Inc)	0.02
Forex Trading
Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market.	IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD.
Forex App
	IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user friendly layout, access to full charting and a stable and reliable application. Top marks.
GBPUSD Spread
0.1	0.9
EURUSD Spread
0.0	0.8
EURGBP Spread
0.1	0.9
Assets
50+	80+
Currency Indices
USD	USD
Cryptocurrency
Eightcap’s crypto offering is best-in-class with 250+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors, while it offers real-time trading ideas through the Crypto Crusher market scanner. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.	IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market.
Spread
$12 (BTC)	Variable
Coins
BTC ETH LTC BCH XRP XMR DSH EOS XLM ADA TRX DOGE BNB DOT MATIC VET AXS NEO SOL UNI AAVE KSM THETA CAKE SUSHI ATOM XTZ SNX COMP FLOW EGLD PUNDIX RAY ZIL QTUM BAND OMG FIDA BADGER NEAR ONT KNC SHIB MTL CLV BAT XEM STMX CHR WAVES FTM AUDIO TOMO MRK GRT ENJ CRV RUNE DAWN DODO HOT ZEC 1INCH HBAR AVAX PROM ALPHA LINA CEL SXP SAND CREAM ICP FIL PAXG DENT REN REEF LRC PERP STORJ IOTA ALCX ALGO LINK MANA	BTC BCH LTC ETH ADA DOT DOGE LINK UNI XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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