Eightcap vs Valutrades

Eightcap vs Valutrades Comparison Table 2024
Eightcap Valutrades
4.6
3.3

Valutrades is an FCA-regulated broker offering ultra-low latency forex, index and commodity CFD trading with ECN pricing from 0 pips. Traders can choose between the MetaTrader 4 and MetaTrader 5 platforms and benefit from a range of blogs, webinars and calculators.

Customer Reviews
3.5
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." "Valutrades will suit active forex day traders thanks to its competitive ECN pricing and no-restriction trading. The spreads from 0.0 pips rival some of the best brokers we have reviewed. However, the selection of non-forex assets and market research do not rival many alternatives."
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.
  • Excellent pricing from zero pips and lightning-fast execution
  • No minimum deposit will appeal to traders on a budget
  • Strong selection of forex pairs with over 80 assets
  • VPS available for active, high-volume traders
  • MetaTrader 4 and MetaTrader 5 integration
  • Variety of fast and free funding methods
  • FCA-regulated and reputable brand
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.
  • Narrow range of non-forex assets especially commodities
  • Only one account type restricts flexibility
  • Subpar market research and analyst insights
  • Outdated website and interface
  • No direct stock trading
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
Instruments
CFDs, Forex, Stocks, Indices, Commodities Forex, CFDs, indices, commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • MT4
  • MT5
  • TradingView
  • MT4
  • MT5
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FCA, xCySEC, SCB FCA, FSA
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 Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
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.

Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Yes
Copy Trading
No No
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
Yes Yes
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
  • NZD
  • JPY
  • ZAR
  • SEK
  • NOK
  • CHF
  • HKD
  • SGD
Stock Exchanges
Commodities
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. Trade CFDs on forex, indices and commodities with leverage up to the FCA-sanctioned maximum of 1:30. The MetaTrader platforms will also serve technical traders and automated day trading strategies.
Leverage
1:500
FTSE Spread
1.2 0.7
GBPUSD Spread
0.1 0.4
Oil Spread
0.03 0.018
Stocks Spread
0.03 (Apple Inc) N/A
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. Trade 80+ major, minor and exotic forex pairs on true ECN accounts with spreads from zero, low commissions and deep liquidity from tier-one providers. The breadth of currencies and competitive pricing makes the broker a good pick for forex traders.
GBPUSD Spread
0.1 0.4
EURUSD Spread
0.0 0.2
EURGBP Spread
0.1 0.1
Assets
50+ 80+
Currency Indices
  • 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. Crypto trading not offered
Spread
$12 (BTC)
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
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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