IG Vs. Eightcap - Compare Trustworthiness, Capabilities, Fees and Legitimacy


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Overview
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.	Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.
Best For
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	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
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 8 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FMA (New Zealand) NFA (United States) DFSA (United Arab Emirates) FINMA (Switzerland) MAS (Singapore) FFAJ (Japan) FSCA (South Africa) BMA (Bermuda)	ASIC (Australia) SCB (Bahamas)
The Good
Broad platform offering with high customisability and integrated news feeds Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs	Low spreads offered in their raw account Wide variety of cryptocurrency pairs with low spreads
The Bad
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	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
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
1974	2009
💳 Minimum Deposit Range
From $10 to $450.	$100
💰 Payment Methods
Visa Mastercard Bank Transfer Paypal	Visa Mastercard Skrill Neteller Paypal Bank Transfer Fasapay POLi Payment CUP (China Union Pay) BPAY
💵 Account Base Currencies
6 - AUD, EUR, GBP, HKD, SGD, USD.	7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
SY, IR.	US, CA, SY, IR, CY.
📊 STP Account
No	Yes
📊 DMA Account
Yes	No
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
35,227	913
Exchange Access
8	0
📙 Real Stocks
15,000	0
📙 Stock CFDs
15,000	600
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
80	45
📗 Commodities
0	0
📗 Commodities CFDs
37	5
📕 Indices
0	0
📕 Indices CFDs
76	13
📔 ETFs
2,000	0
📔 ETFs CFDs
2,000	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	250
📒 Bonds
0	0
📒 Bonds CFDs
19	0
📓 Options
0	0
📓 Options CFDs
1,000	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1/10 of Contract (5,000 Notional)	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
1/10 of Contract (5,000 Notional)	Unavailable
📈 Minimum Crypto Trade Size
0.01 Contracts	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
1 Contract	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
1 Contract	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
1 Contract	Unavailable
📈 Minimum Futures Trade Size
1 Contract	Unavailable
📉 Minimum Options Trade Size
1 Contract	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
250	500
✍ Customisable Leverage
No	Yes
🎲 Deleveraged Trading
No	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	Yes
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
Yes	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
After 24 months of inactivity, IG charges an $18 monthly fee.	None
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
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.	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
Spreads
📈 EUR/USD
Dynamic - From 0.6 Pips	Dynamic - From 0 to 1 Pip
📉 SP500
Dynamic - From 40 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 30 Pips	Dynamic - From 21 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread	Unavailable
📈 XLK (ETF - CFD)
Dynamic - Market Spread	Unavailable
📉 BTC
Dynamic - From $90	Dynamic - From $16
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	No
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
Yes	No
📡 Educational Content
Yes	No
📡 Live Chat Support
Yes	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
Yes	No