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

Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.

DEGIRO is a European leading stock broker providing access to more than 50 stock exchanges around the world with low commissions per trade and a simple to use platform.

• 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

• Investors from all experience levels looking to buy real shares, funds or ETFs for the long term
• Active traders that look to access the large variety of exchanges offered

• ASIC (Australia)
• SCB (Bahamas)

• BaFin (Germany)
• AFM (Netherlands)

• Low spreads offered in their raw account
• Wide variety of cryptocurrency pairs with low spreads

• No conflicts of interest between DEGIRO and its customers
• Virtually unlimited asset offering from 50 exchanges across the globe
• Low fees when compared to traditional banking alternatives

• 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

• Credit card deposits are not available
• Simplistic platforms with not many features
• Fees are expensive when compared to commission free brokers

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• 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.

• Visa
• Mastercard
• Skrill
• Neteller
• Paypal
• Bank Transfer
• Fasapay
• POLi Payment
• CUP (China Union Pay)
• BPAY

• Bank Transfer
• Paypal

US, CA, SY, IR, CY.

DEGIRO only provides services to citizens of Czech Republic, Spain, Ireland, Norway, Poland, Sweden, Denmark, Greece, Italy, Portugal, Switzerland, Germany, France, Netherlands, Finland and the United Kingdom. The rest of the countries worldwide are not able to use DEGIRO's services.

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 varies per asset and exchange, eg: If you were to purchase £2,000 worth of Apple shares at a price of $300 your total commission would have been £0.44.