Eightcap Vs. Freedom Finance - 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.

Freedom Finance is an equities broker founded in 2008 belonging to the parent group Freedom Holding Corp (a publicly traded company on NASDAQ exchange). Their specialty is providing access to more than 1 million stocks, ETFs, bonds, futures and options worldwide along with IPOs.

• 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

• Real equities traders looking to day-trade stocks, options, futures and ETFs
• Long term investors looking to build a stocks or ETFs portfolio
• Experienced investors that know which assets they are looking for

• ASIC (Australia)
• SCB (Bahamas)

• CySec (Cyprus)
• BaFin (Germany)
• SEC (United States)

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

• Over 1,500,000+ assets from several exchanges worldwide
• All assets are real equities (they do not provide CFDs)
• InvestIdeas section with great analysis on several high potential stocks
• 3% per year in their savings D-account (Daily interest accrual)

• 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

• The use of SMS codes for authentication of basic operations can be an issue for frequent international travellers
• Freedom Finance does not offers currencies, cryptocurrencies or spot commodities
• No stock screener or tools to research and analyse stocks efficiently

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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

• Visa
• Mastercard
• Bank Transfers

US, CA, SY, IR, CY.

SY, IR. 

Yes, 7€ for bank transfers.

Yes, up to 2.5% for credit / debit cards.

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 the vary per account:

In their all inclusive USD account they charge,

• 0.5% + $0.012 per share with a minimum  of $1.2 per trade
• $0.65 per USA stock options contract
• 12% for margin lending

In their Smart in EUR account they charge,

• 0.02€ per share with a minimum of 2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.05 for each SMS notification

In their Fix in EUR account, they charge,

• 10€ Monthly account fee
• 0.012€ per share with a minimum of 1.2€ per trade
• $0.65 per USA stock options contract
• 12% for margin lending
• €0.03 for each SMS notification