Eightcap Vs. IG - 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.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

• 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 traders looking to exploit their customisable platform and broad asset offering
• High volume traders that can offset their commission costs by trading in larger volumes

• ASIC (Australia)
• SCB (Bahamas)

• ASIC (Australia)
• FMA (New Zealand)
• NFA (United States)
• DFSA (United Arab Emirates)
• FINMA (Switzerland)
• MAS (Singapore)
• FFAJ (Japan)
• FSCA (South Africa)
• BMA (Bermuda)

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

• Broad platform offering with high customisability and integrated news feeds
• Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs

• 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

• There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
• Their standard contracts can be too large some times for low volume traders

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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 Transfer
• Paypal

US, CA, SY, IR, CY.

SY, IR.

After 24 months of inactivity, IG charges an $18 monthly fee.

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, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.