Eightcap Vs. CMC Markets - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.	CMC Markets is a global broker headquartered in the U.K that holds 6 high value financial licenses and offers CFD trading on stocks, etfs, commodities, currencies, bonds and cryptocurrencies.
Best For
Traders familiar with MT4 and MT5 platforms High volume traders looking for their specific asset offering combined with their Raw account’s low spreads Cryptocurrency speculators looking for CFDs on major pairs with low spreads	Professional high volume traders looking to offset the cost of commissions through larger trades Intermediate and professional traders looking for a professional custom platform with customisable layouts
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 5 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) SCB (Bahamas)	ASIC (Australia) FCA (UK) IIROC (Canada) MAS (Singapore) BaFin (Germany)
The Good
Low spreads offered in their raw account Wide variety of cryptocurrency pairs with low spreads	Comprehensive asset offering with more than 12,000+ tradable assets and the possibility to add data connections to exchanges to add more Powerful professional platform with customisable layouts and integrated reuters feed
The Bad
Asset offering is low when compared to similar brokers Standard account spreads are relatively high (from 1 pip) All assets are CFDs, there is no ability to buy real shares	High commissions on stocks and ETFs Platform is not beginner friendly
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2009	1989
💳 Minimum Deposit Range
$100	0
💰 Payment Methods
Visa Mastercard Skrill Neteller Paypal Bank Transfer Fasapay POLi Payment CUP (China Union Pay) BPAY	Visa Mastercard Bank Transfer Paypal
💵 Account Base Currencies
7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.	10 - AUD, GBP, CAD, EUR, NZD, NOK, PLN, SGD, SEK, USD.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, CY.	US, JP, SY, ZA, IR.
📊 STP Account
Yes	No
📊 DMA Account
No	Yes
📊 ECN Account
No	Yes
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
913	11,885
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
600	10,169
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
45	330
📗 Commodities
0	0
📗 Commodities CFDs
5	124
📕 Indices
0	0
📕 Indices CFDs
13	95
📔 ETFs
0	0
📔 ETFs CFDs
0	1,084
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
250	18
📒 Bonds
0	0
📒 Bonds CFDs
0	55
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	10
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots)	1 Share
📉 Minimum ETFs Trade Size
Unavailable	1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Variable (eg: 1 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	1 Contract
📉 Minimum Bonds Trade Size
Unavailable	1 Contract
📈 Minimum Futures Trade Size
Unavailable	1 Contract
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
500	500
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	Yes
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
None	After 12 months of inactivity, CMC Markets charges a £10 inactivity fee.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Depending on account type: Standard account has no commissions but spreads start from 1 Pip Raw account has a $3.5 commission per lot round turn but spreads start from 0 Pips	Yes and they vary per share exchange location. For U.S shares, there is a minimum $10 in-and-out commission.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1 Pip	Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 40 Pips	From 60 Pips
📈 GOLD
Dynamic - From 21 Pips	From 30 Pips
📉 TSLA (Stock CFD)
Unavailable	Dynamic - Market Spread
📈 XLK (ETF - CFD)
Unavailable	Dynamic - Market Spread
📉 BTC
Dynamic - From $16	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	Yes
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
No	Yes