Webull
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Eightcap
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Webull Vs. Eightcap - Compare and Choose the Right One

Updated May 13 2022

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Overview

Webull is a US-based broker that offers both real and leveraged products including Stocks, Crypto, Options, ETFs, and ADRs with zero commissions and no deposit minimums.

Eightcap is an Australian MT4 & 5 CFD broker founded in 2009 that specialises in currency, commodities, indices, stocks and cryptocurrency trading.

Best For
  • Novices who want to enter the world of investing
  • Intermediate and advanced options traders
  • Professional day traders and portfolio managers 
  • 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

2

Other Licenses

0

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
  • HKMA (Hong Kong)
  • FINRA (United States)
  • ASIC (Australia)
  • SCB (Bahamas)
The Good
  • Trade any asset class from just $5
  • Easy-to-use investing app
  • Fully extended trading hours
  • Low spreads offered in their raw account
  • Wide variety of cryptocurrency pairs with low spreads
The Bad
  • No international clients at the moment
  • No joint accounts
  • 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
2017 2009
💳 Minimum Deposit
€, £, $ - 0 $100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Skrill
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Paypal
  • Bank Transfer
  • Fasapay
  • POLi Payment
  • CUP (China Union Pay)
  • BPAY
💵 Account Base Currencies
1 - USD 7 - AUD, CAD, EUR, GBP, NZD, SGD, USD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
EU, UK, CA, JP, IN, IR, MY, ZA, AU.

US, CA, SY, IR, CY.

📊 STP Account
No Yes
📊 DMA Account
Yes No
📊 ECN Account
No No
Assets
📚 Available Assets

Real stocks, ETFs and cryptocurrencies

CFDs on stocks, commodities, indices, currencies and cryptocurrencies.

📙 Stocks
10,000+ real stocks from 5 exchanges worldwide 600+
📘 Currency Pairs
0 45
📗 Commodities
0 5
📕 Indices
0 15
📔 ETFs
2400+ Real ETFs N/A
💸 Cryptocurrencies
20 250+
📒 Bonds
0 N/A
📓 Options
Several Option Chains N/A
📗 Futures
N/A N/A
📝 Notes:
WeBull is mostly dedicated to U.S client and does not provide CFDs.

All of Eightcap’s assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
$5 $1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
Varies by cryptocurrency $1,000 (0.01 Lots)
📉 Minimum FX Trade Size
N/A $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
N/A $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies per Option contract N/A
💪 Retail Leverage
1:4 Up to 1:30
💪 Professional Leverage
N/A Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
No 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
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No

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
N/A From 0 to 1 Pip
📉 SP500
Dynamic - Market spreads From 40 Pips
📈 GOLD
N/A From 21 Pips
📉 TSLA (Stock CFD)
Dynamic - Market spreads N/A
📈 XLK (ETF - CFD)
Dynamic - Market spreads N/A
📉 BTC
Dynamic - Market spreads Dynamic - From $16
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
Yes No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No