Eightcap
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Markets.com
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68% of retail CFD accounts lose money.

Eightcap Vs. Markets.com - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Dec 22 2022

Visit

Your capital is at risk.

Visit

68% 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.

Markets.com is an international broker that offers share dealing and CFD trading accounts through their own proprietary platform or MT4 and MT5.

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
  • Passive investors looking for share dealing services with the intent to hold shares over long perios of time
  • High volume CFD traders looking for exposure to several markets using their platform, MT4 or MT5
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

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • ASIC (Australia)
  • SCB (Bahamas)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • FSCA (South Africa)
The Good
  • Low spreads offered in their raw account
  • Wide variety of cryptocurrency pairs with low spreads
  • Clear separation between investors and Traders by offering share dealing accounts and CFD trading accounts
  • Wide range of platforms (Proprietary, MT4, MT5)
  • Wide range of stocks and stock CFDs
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
  • Minimum trade sizes larger than average
  • Spreads above average
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 2008
💳 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
  • Paypal
  • Skrill
💵 Account Base Currencies
7 - AUD, CAD, EUR, GBP, NZD, SGD, USD. 11 - USD, EUR, GBP, PLN, SEK, DKK, NOK, ZAR, CZK, CHF, AUD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, CA, SY, IR, CY.

US, JP, CA, BE.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No No
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
913 9,646
Exchange Access
0 0
📙 Real Stocks
0 7,008
📙 Stock CFDs
600 2,008
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
45 67
📗 Commodities
0 0
📗 Commodities CFDs
5 28
📕 Indices
0 0
📕 Indices CFDs
13 40
📔 ETFs
0 0
📔 ETFs CFDs
0 466
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
250 25
📒 Bonds
0 0
📒 Bonds CFDs
0 4
📓 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) 1 Share
📉 Minimum ETFs Trade Size
Unavailable 1 ETF
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots) Varies by Crypto (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots) Varies by Commoditty (Eg: 1 Gold Contract)
📉 Minimum Bonds Trade Size
Unavailable Varies by Bond (Eg: 10 GER10Y Bond contracts)
📈 Minimum Futures Trade Size
Unavailable Unavailable
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 300
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No Yes
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes Yes
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes Yes
💻 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 No
Fees
💰 Inactivity Fee
None

$10 each month after 3 months of inactivity.

💰 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 comissions on CFDs. For share dealing, the first 3 months are commission free, then the structure is:

  • EU Shares = 0.1% (min €10)
  • UK Shares = 0.1% (min £8)
  • US Shares = 2c (min $15)
  • AU Shares = 0.1% (min A$10)
Spreads
📈 EUR/USD
Dynamic - From 0 to 1 Pip Dynamic - From 0.7 Pips
📉 SP500
Dynamic - From 40 Pips Dynamic - From 100 Pips
📈 GOLD
Dynamic - From 21 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
Unavailable Dynamic - From $1.81
📈 XLK (ETF - CFD)
Unavailable Dynamic - From $0.31
📉 BTC
Dynamic - From $16 Dynamic - From $104.10
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No Yes
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No
📡 Educational Content
No No
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No No