Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by |
![]() Financial Regulation Regulated Top-tier Licenses 0 Other Licenses 2 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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Status | |
Operational | Operational |
Recent News | |
1 Day | N/A |
Key Data | |
⌛ Account Opening Time | |
1 Day | 1 Day |
📋 Documents Required | |
All documents must be under the account holder's name. |
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 | |
💵 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 | |
📙 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:
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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 |