TradeZero vs Eightcap

TradeZero vs Eightcap Comparison Table 2023
TradeZero Review 2023	Eightcap Review 2023
Review 2.6 TradeZero is #36 in our broker rankings.	Review 4.6
Traders from US accepted	Traders from US not accepted See available CFD brokers
TradeZero is a stock and ETF broker established in the Bahamas in 2015. Though the global entity is regulated offshore, the US subsidiary is overseen by FINRA with SIPC registration. The powerful proprietary trading software makes it a popular choice for active day traders.	Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular 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.
Comment by Reviewer
"We recommend TradeZero for active stock traders looking for zero commissions, powerful software and extended hours trading."	"Eightcap is good for traders familiar with MT4 and MT5 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."
Pros
ZeroPro provides access to advanced charting features, instant alerts, customizable hotkeys and, for an extra monthly fee, OTC Level 2 markets High intraday leverage up to 1:6 for global accounts with balances of $2,499+ and up to 1:4 for US clients Four in-house platforms including a proprietary mobile app with real-time data streaming Simple pricing structure; free or paid stock and options orders (eligibility requirements apply) On-demand tutorial videos and live stream market insights The US entity is registered with the FINRA and SIPC Innovative solution to mark unused locates for credit Pre-market and post-market trading hours	Sophisticated platforms including MetaTrader 4 and TradingView Raw spreads from 0.0 pips and a competitive $3.5 per lot commission Flexible and fee-free payment methods including cryptocurrencies 100+ crypto derivatives, more than most brokers, including crypto crosses and indices Strong trading education and analysis including forex guides and online webinars Cryptocrusher market scanner with sentiment indicators, news and trading signals AI-powered economic calendar with top-level insights, in partnership with Acuity Good for day trading with ECN pricing, a forex VPS and automated trading software
Cons
TradeZero only facilitates trading US stocks, with UK, EU and other international markets unavailable High deposit and withdrawal fees; $50 for outgoing and $25 for incoming (waived if over $500) The TradeZero global entity has weaker regulatory oversight from the SCB of the Bahamas A $59 monthly fee applies to the ZeroPro and ZeroWeb terminals Customer support is available 24/7 with a responsive live chat	Cryptocrusher platform not available for Australian clients Demo account can only be extended upon request Only four commodities available
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
Stocks, Options, ETFs	CFDs, Forex, Stocks, Indices, Commodities, Crypto
Demo Account
No	Yes
Minimum Deposit
$200	$100
Trading Platforms
Own	MT4 MT5 TradingView
Payment Methods
Wire Transfer	Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay
Minimum Trade
$1	0.01 Lots
Regulator
SCB, FINRA	FCA, ASIC, CySEC, SCB
Margin Trading
Yes	Yes
Margin Rate
8%
STP Account
No	No
ECN Account
No	Yes
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
	Capitalise.ai platform plus Expert Advisors (EAs) on MetaTrader software
Copy Trading
No	No
Social Trading
No	No
Trade Signals
	Cryptocrusher - signals for cryptocurrencies
VPS Hosting
No	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
No	Yes
Account Currencies
USD	USD EUR GBP CAD AUD NZD SGD
Stock Exchanges
Nasdaq New York Stock Exchange	Australian Securities Exchange 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
Commodities
	Gold Oil Silver
CFD Trading
CFD trading not offered	Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Eightcap also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView.
Leverage
	1:30 (EU), 1:500 (Global)
FTSE Spread
	1.2
GBPUSD Spread
	1.0
Oil Spread
	0.03
Stocks Spread
	$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Forex trading not offered	Trade 50+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. The VPS will also serve high-volume, active day traders.
GBPUSD Spread
	1.0
EURUSD Spread
	1.0
EURGBP Spread
	1.0
Assets
	50+
Cryptocurrency
Crypto trading not offered	Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid.
Spread
	From $0
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
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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