Eightcap vs Swyftx

Eightcap vs Swyftx Comparison Table 2024
Eightcap Swyftx
4.6
2.6

Swyftx is #30 in our crypto 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.

Swyftx is an Australian cryptocurrency exchange offering 330+ products, with an impressive $27+ billion in trading volume. The brand is trusted by 600,000+ customers thanks to its competitive fee structure, ISO 27001 security protection and feature-rich trading app.

Customer Reviews
3.5
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." "Swyftx will appeal to new crypto traders looking to buy, sell, trade and lend popular tokens like Bitcoin. With Australian roots and support for AUD, it will serve Aussie traders particularly well."
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
  • Over 300 cryptocurrencies available, including popular coins like Bitcoin and Ethereum, as well as other altcoins
  • User-friendly mobile platform with real-time performance tracking, demo mode and a fully customizable dashboard
  • Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider
  • Several fiat funding methods accepted in AUD or NZD with no deposit charges
  • An option to set recurring deposits for automated cryptocurrency investments
  • ISO 27001 certification, 2FA/biometric logins and cold storage solutions
  • Transparent fee structure with spreads as low as 0.41%
  • You do not need to upload documents or photos
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
  • Poor exchange rates may impact your deposits negatively if you don't transfer in AUD or NZD
  • Swyftx is currently only available to customers in Australia and New Zealand
  • You need to have a call with an operator to be able to withdraw your funds
  • Swyftx does not allow users to deposit or withdraw money using PayPal
  • Live chat response times are slower than many alternatives
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 Cryptos
Demo Account
Yes Yes
Minimum Deposit
$100 $30
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, ASIC, CySEC, SCB AUSTRAC
Margin Trading
Yes No
STP Account
No No
ECN Account
Yes 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
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
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
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
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. CFD trading not offered
Leverage
1:500
FTSE Spread
1.2
GBPUSD Spread
1.0
Oil Spread
0.03
Stocks Spread
0.03 (Apple Inc)
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. Forex trading not offered
GBPUSD Spread
1.0
EURUSD Spread
1.0
EURGBP Spread
1.0
Assets
50+
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. Access a decent line-up of 330+ cryptocurrencies with low fees. Invest in popular token like Bitcoin, Ethereum, Tether and Ripple which can be bought, sold, transferred or stored on the broker's proprietary desktop and mobile platforms.
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
  • ZRX
  • 1INCH
  • AAVE
  • ACM
  • ADX
  • ELF
  • AERGO
  • DLT
  • AION
  • AST
  • AKRO
  • ALGO
  • TLM
  • ALPHA
  • AMB
  • FORTH
  • ANKR
  • APPC
  • ANT
  • ARDR
  • ARK
  • ARPA
  • ASR
  • AUDIO
  • REP
  • AUTO
  • AVAX
  • AXS
  • BADGER
  • BAL
  • BNT
  • BAND
  • BAT
  • BEL
  • BNB
  • BUSD
  • BTC
  • BCH
  • BCD
  • BTG
  • BTS
  • BTT
  • CDT
  • BLZ
  • AUCTION
  • BRD
  • BTCST
  • BZRX
  • ADA
  • CTSI
  • CELR
  • CELO
  • CTK
  • LINK
  • CHZ
  • CHR
  • CND
  • CVC
  • COCOS
  • COMP
  • CFX
  • COS
  • CTXC
  • ATOM
  • COTI
  • CRV
  • DASH
  • MANA
  • DCR
  • DEGO
  • DENT
  • YFII
  • DIA
  • DGB
  • DNT
  • DODO
  • DOGE
  • DREP
  • DUSK
  • EPS
  • EGLD
  • ENJ
  • EOS
  • ETH
  • ETC
  • ERN
  • EVX
  • FTM
  • BAR
  • FET
  • FIO
  • FLM
  • FLOW
  • FOR
  • FRONT
  • FTT
  • FUN
  • GVT
  • GTO
  • GTC
  • GO
  • GLM
  • GRS
  • GXS
  • HARD
  • ONE
  • HBAR
  • HNT
  • HIVE
  • HOT
  • ZEN
  • ICX
  • IDEX
  • RLC
  • INJ
  • ICP
  • IOST
  • IOTA
  • IOTX
  • IRIS
  • JST
  • JUV
  • KAVA
  • KEEP
  • KMD
  • KSM
  • KNC
  • LINA
  • LSK
  • LTC
  • LIT
  • LPT
  • LOOM
  • LRC
  • LTO
  • MFT
  • MKR
  • OM
  • MASK
  • MDX
  • MDT
  • MTL
  • MIR
  • MITH
  • MDA
  • MTH
  • MBL
  • ALICE
  • NANO
  • NAV
  • NEAR
  • NEBL
  • NAS
  • XEM
  • NEO
  • GAS
  • CKB
  • NBS
  • NXS
  • NKN
  • NU
  • NULS
  • NMR
  • ROSE
  • OAX
  • OCEAN
  • OMG
  • ONT
  • ONG
  • OXT
  • OGN
  • ORN
  • CAKE
  • PSG
  • PAXG
  • PAX
  • PERL
  • PERP
  • PHA
  • PNT
  • POA
  • DOT
  • POLS
  • MATIC
  • POLY
  • PPT
  • POWR
  • PUNDIX
  • QLC
  • QTUM
  • QNT
  • QSP
  • QKC
  • QUICK
  • RDN
  • RAMP
  • RVN
  • REEF
  • REN
  • REQ
  • RSR
  • XRP
  • RIF
  • SCRT
  • KEY
  • SRM
  • SHIB
  • SC
  • AGIX
  • SKL
  • SKY
  • SOL
  • SNM
  • STX
  • FIS
  • STPT
  • SNT
  • STEEM
  • XLM
  • STORJ
  • STMX
  • DATA
  • SUN
  • SUPER
  • SUSHI
  • SXP
  • SNX
  • SYS
  • WABI
  • TRB
  • LUNA
  • TVK
  • XTC
  • GRT
  • SAND
  • THETA
  • TFUEL
  • RUNE
  • TCT
  • TOMO
  • TORN
  • AVA
  • TRX
  • TROY
  • TRU
  • TUSD
  • TWT
  • UMA
  • UNFI
  • UNI
  • USDC
  • USDT
  • UTK
  • VET
  • XVS
  • XVG
  • VTHO
  • VIA
  • VIB
  • VIDT
  • VITE
  • VGX
  • WTC
  • WAN
  • WAVES
  • WRX
  • WPR
  • WING
  • WIN
  • WBTC
  • WNXM
  • YFI
  • YOYO
  • ZEC
  • ZIL
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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Eightcap
vs
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