Compare Eightcap vs easyMarkets
What is Eightcap? What is easyMarkets?
Eightcap is an online broker that offers trading services for forex and CFDs on various assets, such as indices, commodities, cryptocurrencies, and shares. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Financial Services Authority (FSA) in Seychelles.
easyMarkets is also an online broker that offers trading services for forex and CFDs on various assets, such as indices, commodities, cryptocurrencies, and options. easyMarkets is regulated by the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Services Commission (FSC) of the British Virgin Islands.
Eightcap vs easyMarkets Regulation Comparison
Both brokers are regulated by ASIC, which is a reputable regulator that ensures high standards of conduct and protection for traders. However, Eightcap has an additional license from the FCA, which is another respected regulator that imposes strict rules and oversight on brokers operating in the UK.
easyMarkets has a license from CySEC, which is a common regulator for many brokers in Europe, but it has less stringent requirements than the FCA. easyMarkets also has a license from the FSC of the British Virgin Islands, which is a less reputable regulator that offers low-cost registration and minimal supervision for brokers. Therefore, Eightcap has an edge over easyMarkets in terms of regulation quality and trustworthiness.
Eightcap vs easyMarkets Trading Assets Comparison
Eightcap offers more trading assets than easyMarkets, especially in terms of CFDs. Eightcap provides traders with access to over 700 CFDs on various instruments, such as shares, indices, commodities, and cryptocurrencies. easyMarkets offers only 199 CFDs on similar instruments, but with fewer choices and variety.
Both brokers offer forex trading with a similar number of currency pairs: 42 for Eightcap and 62 for easyMarkets. However, easyMarkets also offers vanilla options trading, which is a unique feature that allows traders to buy or sell options contracts on various underlying assets. This gives easyMarkets an advantage over Eightcap in terms of trading flexibility and diversity.
Eightcap vs easyMarkets Trading Fees Comparison
Eightcap and easyMarkets have different pricing models for their trading services. Eightcap offers variable spreads that depend on market conditions and liquidity, while easyMarkets offers fixed spreads that remain constant regardless of market volatility. Variable spreads can be lower or higher than fixed spreads depending on the situation, but they also introduce more uncertainty and risk for traders. Fixed spreads can be higher or lower than variable spreads depending on the broker’s markup, but they also provide more stability and transparency for traders. In addition to spreads, Eightcap charges commissions for each trade on its Raw account type, which has the lowest spreads among its account types.
easyMarkets does not charge any commissions for any of its account types. Therefore, the trading costs of both brokers depend on several factors, such as the account type, the trading instrument, the trade size, and the market conditions.
| Instrument | Eightcap Raw Account | easyMarkets Standard Account |
|---|---|---|
| EUR/USD | 0.76 pips | 0.9 pips |
| GBP/USD | 1.73 pips | 1.4 pips |
| AUD/USD | 0.77 pips | 1.5 pips |
| Gold | $0.35 | $0.50 |
| Bitcoin | $20 | $60 |
Eightcap vs easyMarkets Account Types Comparison
Both brokers offer different account types for different levels of traders. Eightcap has two main account types: Standard and Raw. The Standard account has no commissions but higher spreads than the Raw account. The Raw account has lower spreads but charges $3.50 per lot per side as commissions. Both account types have a minimum deposit requirement of $250 and a maximum leverage of 500:1 for professional clients or 30:1 for retail clients.
easyMarkets has three main account types: Standard, Premium, and VIP. The Standard account has a minimum deposit requirement of $200 and a maximum leverage of 400:1 for professional clients or 30:1 for retail clients. The Premium account has a minimum deposit requirement of $3,000 and a maximum leverage of 400:1 for professional clients or 30:1 for retail clients. The VIP account has a minimum deposit requirement of $10,000 and a maximum leverage of 400:1 for professional clients or 30:1 for retail clients. All account types have fixed spreads and no commissions, but the spreads vary depending on the account type. The VIP account has the lowest spreads among the three account types. Both brokers also offer swap-free accounts for Islamic traders who do not want to pay or receive interest on their trades.
Eightcap vs easyMarkets Deposit Options Comparison
Both brokers offer various methods for depositing and withdrawing funds from their trading accounts. Eightcap supports eight funding methods, including credit/debit cards, bank transfers, Skrill, Neteller, POLi, BPAY, FasaPay, and Broker to Broker transfers.
easyMarkets supports 16 funding methods, including credit/debit cards, bank transfers, Skrill, Neteller, WebMoney, iDeal, SoFortüberweisung, American Express, Giropay, JCB, China Union Pay, Local Bank Transfers, Trustly, FastPay, SticPay, and Bitcoin. Both brokers do not charge any fees for deposits or withdrawals, but they may have some minimum or maximum limits depending on the method used.
Eightcap vs easyMarkets Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and widely used platforms that provide traders with advanced charting tools, technical indicators, automated trading systems (Expert Advisors), and social trading features (MQL5 community).
However, easyMarkets also offers its own proprietary platform that is available on web and mobile devices. This platform has some unique features that are not available on MT4 or MT5, such as dealCancellation, Freeze Rate, Inside Viewer, and Vanilla Options trading. These features are designed to help traders manage their risk and enhance their trading experience. Therefore, easyMarkets has an edge over Eightcap in terms of platform diversity and innovation.
Eightcap vs easyMarkets Analytical Tools Comparison
Both brokers provide traders with some analytical tools to help them make informed trading decisions. Eightcap offers traders access to TradingView charts on its website and MT4/MT5 platforms. TradingView is a powerful charting tool that allows traders to view live market data, apply technical analysis tools, create custom indicators and strategies, and share their ideas with other traders.
easyMarkets offers traders access to its own analytical tools on its website and proprietary platform. These include an economic calendar that shows the upcoming events and their impact on the markets; a market news section that provides the latest updates and analysis from various sources; a trading signals service that gives traders buy or sell recommendations based on technical indicators; and a financial commentary section that provides insights and opinions from experts. Therefore, both brokers have some useful analytical tools for traders, but they differ in their sources and formats.
Eightcap vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preferences, trading style, goals, and risk appetite. However, here are some pros and cons of each broker to help you make an informed decision.
Eightcap Pros:
- It has more trading assets than easyMarkets, especially in terms of CFDs on shares, indices, commodities, and cryptocurrencies.
- It has lower all-in costs than easyMarkets for most of the instruments listed here . However, this may not be true for all instruments or all market conditions.
- It has an additional license from the FCA, which is a respected regulator that imposes strict rules and oversight on brokers operating in the UK.
Eightcap Cons:
- It does not offer vanilla options trading, which is a unique feature that allows traders to buy or sell options contracts on various underlying assets.
- It only offers MT4 and MT5 as its trading platforms, which are popular and widely used platforms, but they do not have some of the unique features that easyMarkets’ proprietary platform has .
- It charges commissions for each trade on its Raw account type, which has the lowest spreads among its account types.
easyMarkets Pros:
- It offers vanilla options trading, which is a unique feature that allows traders to buy or sell options contracts on various underlying assets.
- It offers its own proprietary platform that is available on web and mobile devices. This platform has some unique features that are not available on MT4 or MT5, such as dealCancellation, Freeze Rate, Inside Viewer, and Vanilla Options trading.
- It does not charge any commissions for any of its account types.
easyMarkets Cons:
- It offers fewer trading assets than Eightcap, especially in terms of CFDs on shares, indices, commodities, and cryptocurrencies.
- It has higher all-in costs than Eightcap for most of the instruments listed here . However, this may not be true for all instruments or all market conditions.
- It has a license from the FSC of the British Virgin Islands, which is a less reputable regulator that offers low-cost registration and minimal supervision for brokers.
