Eightcap Vs. Coinbase - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit Your capital is at risk.	Visit Investing in cryptocurrencies involves risk.
Overview
Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.	Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real 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	Inexperienced cryptocurrency investors Long term cryptocurrency holders Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) SCB (Bahamas)	None
The Good
Low spreads offered in their raw account Wide variety of cryptocurrency pairs with low spreads	Extremely simple and friendly interfaces Moderate variety of cryptocurrencies Independent wallet application Option to choose from standard Coinbase or Coinbase Pro Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
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	Extremely high fees for cryptocurrency transactions (especially on standard app) Low variety of cryptocurrencies to trade when compared to leading exchanges
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	2012
💳 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 Transfers Paypal
💵 Account Base Currencies
7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.	All supported cryptocurrencies.
🗽 Available to U.S Citizens
No	Yes
❌ Restricted Countries
US, CA, SY, IR, CY.	None
📊 STP Account
Yes	No
📊 DMA Account
No	Yes
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	Yes
Assets
📚 Assets Type
CFDs	Equities
Total Asset Offering
913	110
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
600	0
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
45	0
📗 Commodities
0	0
📗 Commodities CFDs
5	0
📕 Indices
0	0
📕 Indices CFDs
13	0
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	110
💸 Cryptocurrency CFDs
250	0
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	$2
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	Unavailable
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Unavailable
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	Unavailable
💪 Professional Leverage
500	Unavailable
✍ Customisable Leverage
Yes	No
🎲 Deleveraged Trading
No	Yes
🎓 Demo Account
Yes	No
📱 IOS App
No	Yes
📱 Android App
No	Yes
📺 MetaTrader 4
Yes	No
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	No
Fees
💰 Inactivity Fee
None	None
💰 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	From 0.50% up to 2.0% of transaction value.
Spreads
📈 EUR/USD
Dynamic - From 0 to 1 Pip	Unavailable
📉 SP500
Dynamic - From 40 Pips	Unavailable
📈 GOLD
Dynamic - From 21 Pips	Unavailable
📉 TSLA (Stock CFD)
Unavailable	Unavailable
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $16	Dynamic - From 0.50% up to 2.0%
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	No
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
No	Yes
📡 Account Management
No	No
📡 Webinars
No	No