Eightcap vs Sage FX

Eightcap vs Sage FX Comparison Table 2024
Eightcap Sage FX
4.6
3

Sage FX is #9 in our CFD broker rankings.

United States Flag Traders from US not accepted
United States Flag Traders from US accepted

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.

SageFX is an offshore, unregulated CFD broker that offers highly leveraged trading on forex, stocks, commodities, indices and crypto via the TradeLocker platform. Traders can access commission-free trading or an ECN account with tight spreads. While the broker's regulatory status is weak, it does provide segregated accounts and two-factor authentication.

Customer Reviews
3.5
Bonus Offer
$1,500 trading competition
Comment by Reviewer
"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." "Sage FX will suit forex traders looking for high leverage and ECN spreads. The broker's prop trading service will also appeal to users looking for funded accounts with up to $200K available."
Pros
  • Sophisticated platforms built for short-term strategies, including TradingView which offers 50 drawing tools and 12 chart types
  • Flexible and fee-free payment methods including cryptocurrencies
  • Raw spreads from 0.0 pips and a low $3.5 commission will appeal to active traders
  • 100+ crypto derivatives are available for global clients, which is more than most brokers, including crypto crosses and indices
  • Strong trading education and analysis including forex guides and online webinars
  • Crypto Crusher market scanner with sentiment indicators, news and short term trading signals for global clients
  • AI-powered economic calendar with top-level insights, in partnership with Acuity
  • Flexible accounts with STP and ECN solutions available
  • Prop trading accounts with multiple funding tiers
  • Ability to deposit and withdraw via Bitcoin
  • Bonus offers and trading competitions
  • Low starting deposit from $10
  • Fast withdrawal processing
  • High leverage up to 1:500
Cons
  • There are several frustrating jurisdictional restrictions - for example, the Crypto Crusher tool is not available for UK or Australian clients
  • There are only four commodities available, which may disappoint experienced day traders looking to diversify their portfolios
  • The demo account can only be extended upon request
  • Not regulated by any reputable body
  • Relatively narrow range of asset classes
  • Lacks educational resources and other extra features
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
CFDs, Forex, Stocks, Indices, Commodities, Crypto Forex, indices, cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • TradeLocker
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, SCB Pending
Margin Trading
Yes No
STP Account
No Yes
ECN Account
Yes Yes
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS and 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.

Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Capitalise.ai, Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes No
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
  • EUR
  • GBP
  • CAD
  • AUD
Stock Exchanges
Commodities
CFD Trading
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. Trade CFDs on forex, stocks, metals, energies, indices, cryptos and dollar futures. Sage FX offers tight spreads and high leverage on all instruments from 1:100 to 1:500.
Leverage
1:500 1:500
FTSE Spread
1.2 5.0
GBPUSD Spread
1.0 0.9
Oil Spread
0.03 0.04
Stocks Spread
0.03 (Apple Inc) N/A
Forex Trading
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. Trade 7 major, 21 minor and 29 exotic forex pairs with high leverage and a choice between STP or ECN accounts. Support is available around the clock and the TradeLocker forex software is provided.
GBPUSD Spread
1.0 0.9
EURUSD Spread
1.0 0.9
EURGBP Spread
1.0 2.5
Assets
50+ 57
Cryptocurrency
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. Trade CFDs with leverage up to 1:100 on 23 crypto pairs with USD including popular tokens like Bitcoin and Ether and lesser-known options like OMG. On the downside, crypto-only pairs are not offered.
Spread
From $0 Floating
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
  • BTC
  • XRP
  • LTC
  • DASH
  • ETH
  • EOS
  • NEO
  • TRX
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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