Eightcap Vs. Skilling - Compare and Choose the Right One


Visit Your capital is at risk.	Visit Your Capital is at risk.
Overview
Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.	Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.
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	Forex traders who want relatively straightforward, intuitive platforms with low commissions Beginner traders who need assistance implementing first trades
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 0 Other Licenses 2 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) SCB (Bahamas)	CySec (Cyprus) FSAS (Seychelles)
The Good
Low spreads offered in their raw account Wide variety of cryptocurrency pairs with low spreads	Multiple intuitive platforms for traders with different levels of experience Several payment methods for deposits and withdrawals No commission for standard accounts Trade Assistant tool is great for beginners opening their first trade
The Bad
Asset offering is low when compared to similar competitors Lacks platform variety as only MT4 & 5 are available All assets are CFDs, there is no ability to buy real shares	Doesn’t allow deleveragred trading or customizable leverage Charges commission on forex and spot metal trading for premium accounts Asset offering is not that comprehensive
Status
Operational	Operational
Recent News
1 Day	N/A
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 documents (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	2016
💳 Minimum Deposit
$100	$, €, £ - 100 (Standard, MT4), 5,000 (Premium, MT4 Premium)
💰 Payment Methods
Visa Mastercard Skrill Neteller Paypal Bank Transfer Fasapay POLi Payment CUP (China Union Pay) BPAY	Visa Mastercard Fasapay Webmoney PayRetailers PayTrust Pagsmile Directa NganLuong.vn UnionPay Skrill Neteller Bank Transfer
💵 Account Base Currencies
7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.	5 - EUR, USD, GBP, NOK, SEK.
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US, CA, SY, IR, CY.	US, SY, IR.
📊 STP Account
No	Yes - depending on product traded, available liquidity and trade size
📊 DMA Account
No	No
📊 ECN Account
No	No
Assets
📚 Available Assets
CFDs on stocks, commodities, indices, currencies and cryptocurrencies.	CFDs on stocks, currencies, commodities, cryptocurrencies, indices and ETFs
📙 Stocks
600+	762
📘 Currency Pairs
45	73
📗 Commodities
5	6
📕 Indices
15	18
📔 ETFs
N/A	45
💸 Cryptocurrencies
250+	34
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
All of Eightcap’s assets are CFDs.	All of Skilling’s assets are CFDs
Trading Experience
📈 Minimum Stock Trade Size
$1,000 (0.01 Lots)	Varies per share - From 0.1 shares (Fractional trading)
📉 Minimum ETFs Trade Size
N/A	Varies per ETF (Eg: VanEck Gold Miners 0.1 unit, XLK 1 unit)
📈 Minimum Crypto Trade Size
$1,000 (0.01 Lots)	Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts)
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:30	Up to 1:30
💪 Professional Leverage
Up to 1:500	Up to 1:500
✍ 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	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	Yes
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes, for cTrader, MT4 and MT4 Premium accounts
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 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	Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60)
Spreads
📈 EUR/USD
From 0 to 1 Pip	Dynamic - From 0 to 1.3 Pips
📉 SP500
From 40 Pips	Dynamic - From 120 Pips
📈 GOLD
From 21 Pips	Dynamic - From 36 Pips
📉 TSLA (Stock CFD)
N/A	Dynamic - From $4.62
📈 XLK (ETF - CFD)
N/A	Dynamic - From $0.84
📉 BTC
Dynamic - From $16	Dynamic - From $131.8
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	Yes
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No