Compare AvaTrade vs Eightcap
What is AvaTrade? What is Eightcap?
AvaTrade is a leading forex and CFD broker that was founded in 2006 and is regulated in multiple jurisdictions, including Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers a wide range of trading platforms, including MT4, MT5, WebTrader, Mobile App, Vanilla Options and Social Trading. AvaTrade also provides access to over 1250 financial instruments, educational content and multi-language customer support.
Eightcap is a forex and CFD broker that was founded in Australia in 2009 and is regulated by ASIC. Eightcap offers trading on over 800 CFD markets, including forex, indices, commodities, stocks and cryptocurrencies. Eightcap also features TradingView integration, daily trade ideas, professional trading insight, and code-free automation. Eightcap has five global offices and a dedicated customer service team.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
AvaTrade vs Eightcap Regulation Comparison
Both AvaTrade and Eightcap are regulated by the Australian Securities and Investments Commission (ASIC), which is a reputable regulator that ensures high standards of conduct and investor protection.
However, AvaTrade has more regulatory licenses than Eightcap, as it is also authorized by the Central Bank of Ireland, the Financial Services Agency of Japan, the Financial Sector Conduct Authority of South Africa, the Financial Services Regulatory Authority of Abu Dhabi, the Investment Industry Regulatory Organization of Canada (through its partner Friedberg Direct), and the Israel Securities Authority. Eightcap does not have any other regulatory licenses besides ASIC.
AvaTrade vs Eightcap Trading Assets Comparison
AvaTrade offers a superior asset selection than Eightcap, as it has more than 1250 tradable instruments across various asset classes, such as forex, stocks, commodities, indices, ETFs and options.
Eightcap has only 800 CFD markets available for trading, which include forex, indices, commodities, stocks and cryptocurrencies. Moreover, AvaTrade offers physical cryptocurrency trading (not CFDs) for some regions, while Eightcap only offers crypto CFDs.
AvaTrade vs Eightcap Trading Fees Comparison
Eightcap features better pricing than AvaTrade, as it offers raw spreads from 0.0 pips and a competitive $3.5 per lot commission on its ECN account.
AvaTrade has fixed spreads from 0.9 pips and zero commissions on its standard account. However, AvaTrade also offers a professional account with variable spreads from 0.6 pips and a $6 per lot commission for qualified clients. Both brokers charge an inactivity fee after three months of no trading activity: $50 per quarter for AvaTrade and $10 per month for Eightcap.
AvaTrade vs Eightcap Account Types Comparison
AvaTrade offers two main account types: standard and professional. The standard account requires a minimum deposit of $100 and provides access to all the trading platforms and instruments offered by the broker. The professional account requires a minimum deposit of $1000 and provides higher leverage (up to 400:1), lower spreads and commissions, and priority customer support. However, to qualify for the professional account, clients need to meet certain criteria regarding their trading experience, knowledge and portfolio size.
Eightcap also offers two main account types: standard and ECN. The standard account requires a minimum deposit of $100 and provides access to all the trading platforms and instruments offered by the broker. The ECN account requires a minimum deposit of $500 and provides lower spreads (from 0.0 pips) and commissions ($3.5 per lot), as well as faster execution speed and liquidity. Both accounts have a maximum leverage of 500:1 for forex trading.
AvaTrade vs Eightcap Deposit Options Comparison
Both AvaTrade and Eightcap offer a variety of payment methods for deposits and withdrawals, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller) and local payment solutions (depending on the region).
However, Eightcap also accepts cryptocurrencies (Bitcoin and Tether) as payment options, while AvaTrade does not. Both brokers do not charge any fees for deposits or withdrawals, but some third-party providers may apply their own charges.
AvaTrade vs Eightcap Trading Platforms Comparison
AvaTrade offers clients better trading platform choices than Eightcap, as it provides access to multiple platforms for different trading styles and preferences. Besides the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which are also available at Eightcap, AvaTrade also offers its own proprietary WebTrader platform, which is a user-friendly and web-based platform that does not require any download or installation. AvaTrade also offers the AvaOptions platform, which is a unique platform for trading vanilla options on forex and gold. Additionally, AvaTrade provides the AvaSocial app, which is a social trading platform that allows clients to copy the trades of other successful traders or become signal providers themselves.
Eightcap does not have any proprietary platforms, but it features TradingView integration, which allows clients to trade directly from the TradingView charts into their Eightcap account. TradingView is a leading charting and analysis platform that has over 30 million users worldwide. It offers premium charting packages, trading strategies, indicators, and a social network of traders. Eightcap also partners with Capitalise AI, which is a code-free automation platform that enables clients to create, test and automate trading strategies using natural language.
AvaTrade vs Eightcap Analytical Tools Comparison
Both AvaTrade and Eightcap offer various analytical tools to help clients with their trading decisions, such as economic calendars, market news, trading signals, webinars and educational resources. However, AvaTrade has higher-quality education and research than Eightcap, as it provides more in-depth and comprehensive content on various topics, such as forex basics, technical analysis, fundamental analysis, trading psychology, risk management and more. AvaTrade also has a dedicated YouTube channel with video tutorials and market updates.
Eightcap has a decent education and research section on its website, but it is not as extensive or detailed as AvaTrade’s. Eightcap offers some forex guides, online webinars, market analysis and daily trade ideas. However, Eightcap also has some unique tools that AvaTrade does not have, such as the Cryptocrusher market scanner, which provides sentiment indicators, news and trading signals for over 100 crypto derivatives. Eightcap also has an AI-powered economic calendar, which delivers historical market impact and sentiment to help clients generate daily trade ideas from 1000+ macro-economic events.
AvaTrade vs Eightcap. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals and risk appetite. There is no definitive answer to which broker is better, as both AvaTrade and Eightcap have their own strengths and weaknesses. However, here are some general guidelines that might help you decide:
- If you are looking for a more regulated and established broker with a wider range of trading instruments and platforms, you might prefer AvaTrade. AvaTrade has more regulatory licenses than Eightcap, which means it operates under stricter rules and offers more investor protection. AvaTrade also has more trading options than Eightcap, such as vanilla options, physical cryptocurrencies and social trading. AvaTrade also has better education and research resources than Eightcap, which can help you improve your trading skills and knowledge.
- If you are looking for a more competitive and innovative broker with lower fees and faster execution, you might prefer Eightcap. Eightcap has better pricing than AvaTrade, as it offers raw spreads from 0.0 pips and a lower commission on its ECN account. Eightcap also has faster execution speed and liquidity than AvaTrade, which can give you an edge in the volatile forex market. Eightcap also features TradingView integration, code-free automation and crypto market scanner, which can help you enhance your trading experience and performance.
Ultimately, the best way to find out which broker suits you better is to try them out yourself. Both brokers offer free demo accounts that allow you to test their services and platforms without risking any real money. You can also compare their customer support, deposit and withdrawal options, and other features that might be important for you.
