Eightcap
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Vs.

FxPro
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74.46% of retail CFD accounts lose money.

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

Updated Dec 22 2022

Visit

Your capital is at risk.

Visit

74.46% of retail CFD accounts lose money.

Overview

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

FxPro is a regulated global brokerage firm offering a vast array of tradable instruments including CFDs on FX, Stocks, Crypto, Commodities, Indices, Energies and Futures.

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
  • Experienced traders looking for platform and accounts variety
  • FX Traders looking for deep liquidity and fast execution under 14 ms
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

1

Other Licenses

3

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • SCB (Bahamas)
  • CySec (Cyprus)
  • ASIC (Australia)
  • SCB (Bahamas)
  • FSCA (South Africa)
The Good
  • Low spreads offered in their raw account
  • Wide variety of cryptocurrency pairs with low spreads
  • Moderate asset offering (around 2,500+ instruments)
  • Great plafform variety (FxPro Edge CFD, MetaTrader 4 & 5, cTrader)
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
  • No real stocks or ETFs
  • Proprietary platform is not user 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 2006
💳 Minimum Deposit Range
$100 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
  • Fasapay
  • POLi Payment
  • CUP (China Union Pay)
  • BPAY
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Paypal
💵 Account Base Currencies
7 - AUD, CAD, EUR, GBP, NZD, SGD, USD. 8 - EUR, GBP, USD, CHF, PLN, AUD, JPY, ZAR.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, CY.

US, CA, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
913 2,261
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
600 2,100
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
45 70
📗 Commodities
0 0
📗 Commodities CFDs
5 11
📕 Indices
0 0
📕 Indices CFDs
13 29
📔 ETFs
0 0
📔 ETFs CFDs
0 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
250 30
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 21
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable Unavailable
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable $1,000 (0.01 Lots)
📉 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 Yes
📺 cTrader
No Yes
💻 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 No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
None

$15 after 12 months of inactivity plus $5 monthly thereafter.

💰 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

No commissions on MT4 & 5 ($45 per $1million USD traded on cTrader.

Spreads
📈 EUR/USD
Dynamic - From 0 to 1 Pip Dynamic - From 1.2 Pips
📉 SP500
Dynamic - From 40 Pips Dynamic - From 60 Pips
📈 GOLD
Dynamic - From 21 Pips Dynamic - From 24 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $2.82
📈 XLK (ETF - CFD)
Unavailable Unavailable
📉 BTC
Dynamic - From $16 Dynamic - From $88
Research and Analysis
⭐ Watchlists
Yes No
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
Yes No
📡 Video Tutorials
No No
📡 Account Management
No Yes
📡 Webinars
No No