Eightcap Vs. ThinkMarkets - 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.

ThinkMarkets is a global broker headquartered in Australia that offers real stocks and ETFs along with CFDs on stocks, etfs, commodities, indices and cryptocurrencies accompanied by their proprietary platform: ThinkTrader.

• 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 to buy, hold or transfer real shares or ETFs from ASX
• Active traders looking to exploit their low spreads on CFDs
• MetaTrader 4 & 5 traders looking for a convenient offering

• ASIC (Australia)
• SCB (Bahamas)

• FCA (UK)
• ASIC (Australia)
• FSAS (Seychelles)
• FSCA (South Africa)

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

• Possibility to invest in real stocks and ETFs or trade CFDs
• Proprietary platform ThinkTrader is smooth and user friendly
• Spreads are very competitive when compared to similar competitors

• 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

• Real stocks or ETFs are only from ASX (Australian Securities Exchange)
• Expensive stock trading commissions ($8 flat fee for ASX shares or ETFs)
• While their stock and ETFs offering is great, they lack variety in all other asset classes

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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
• Neteller
• Skrill
• Bank Transfer
• Bitcoin (BTC)
• Ethereum (ETH)
• Tether (USDT)

US, CA, SY, IR, CY.

US, CA, SY, IR.

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

• For Standard account there are no commissions
• For Zero account there is a commission of $3.5 per lot round turn

For real stocks and ETFs investing, there is a flat fee of $8 per trade (in-and-out) or if the trade value is above $200,000 then a 0.05% fee per trade.