Vault Markets vs Eightcap

Vault Markets vs Eightcap Comparison Table 2024
Vault Markets Eightcap
2.5
4.6

Vault Markets is an award-winning brokerage headquartered in Namibia. It is an accessible direct-market-access CFD broker with affordable minimum deposits, flexible funding methods and high leverage. This broker offers a very large range of forex pairs as well as commodities and indices through MetaTrader 4 or MetaTrader 5.

Customer Reviews
3.5
Bonus Offer
200% Account Opening Bonus
Comment by Reviewer
"Vault Markets is geared toward African traders who want to access forex markets with highly leveraged trades and low minimum deposits. The list of 200+ currency pairs outperforms most rivals. On the negative side, some poor user reviews raise security concerns." "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."
Pros
  • Leverage up to 1:1000 is higher than most competitors
  • Ultra-low latency trading will appeal to serious day traders
  • Responsive customer service upon testing
  • DMA broker with tight raw spreads available
  • A specialist broker for African traders
  • Very wide range of forex pairs
  • MT4 and MT5 trading platforms
  • Easy to create a live account
  • 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.
Cons
  • No top-tier regulatory oversight raises safety issues
  • No demo account makes it difficult for traders to test broker's services
  • Poor range of educational content and extras
  • Trader reviews flag some scam concerns
  • 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.
Awards
  • Best Customer Service Africa 2022
  • Fastest Growing Broker Nambia 2022
  • Most Secure Broker South Africa 2022
  • Most Innovative Broker South Africa 2022
  • Fastest Withdrawals Africa 2021
  • Best New Forex Broker Africa 2021
  • Best MT4 Online Trading Solutions Provider Africa 2021
  • 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
Forex, Stocks, Indices, Commodities, Cryptocurrencies CFDs, Forex, Stocks, Indices, Commodities
Demo Account
No Yes
Minimum Deposit
$5 $100
Trading Platforms
  • MT4
  • MT5
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSCA ASIC, FCA, xCySEC, SCB
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
Yes 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
Yes Yes
Market Maker
No No
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.

Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
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
Yes Yes
Account Currencies
  • USD
  • ZAR
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, commodities, indices and crypto assets. With spreads from 0 pips and generous incentives and bonus offers setting Vault Markets apart from competitors, this Namibian broker will appeal to aspiring traders. 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.
Leverage
1:1000
FTSE Spread
From 1 pip 1.2
GBPUSD Spread
From 1 pip 0.1
Oil Spread
From 1 pip 0.03
Stocks Spread
From 1 pip 0.03 (Apple Inc)
Forex Trading
Trade 200 CFD forex pairs with DMA pricing and tight spreads, ultra low latency and high leverage up to 1:1000. The range of forex pairs available and pricing model are among the most attractive in the African market. 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.
GBPUSD Spread
From 1 pip 0.1
EURUSD Spread
From 1 pip 0.0
EURGBP Spread
From 1 pip 0.1
Assets
200 50+
Currency Indices
  • USD
Cryptocurrency
Trade five crypto pairs via leveraged CFDs. This is too small a range to satisfy dedicated crypto traders, but the digital tokens do have the advantages of ultra-fast execution and pure direct market access. 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.
Spread
From 1 pip $12 (BTC)
Coins
  • BTC
  • ETH
  • LTC
  • ADA
  • XRP
  • 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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