eToro vs Eightcap, for 2022
Read our In-Depth eToro vs Eightcap Review - Updated for 2022
This eToro vs Eightcap review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs Eightcap review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
Eightcap Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs Eightcap
Every online trading system has a few pros and cons, and no eToro and Eightcap review would be complete without having a balanced approach. Compare eToro and Eightcap to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between eToro or Eightcap. Who should you choose?
This eToro vs Eightcap comparison contains the latest information so you can easily compare Eightcap against eToro.
If you are a new entrant in the realm of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You'll acquire adept at all the concepts of brokerage as you continue trading. For starters, you need to select the ideal broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. eToro and Eightcap are just two such platforms which will take you and your investment into great heights. It is crucial that you compare eToro vs Eightcap before you trust them with your money.
Our eToro vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and Eightcap side by side.
Our entire eToro vs Eightcap Review covers everything you need to know about trading using either eToro or Eightcap. A good broker can multiply your first investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing goals.
There is no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be exactly the same, but that is not true. Wrong judgment, in the beginning, can put your investments at risk.
eToro and Eightcap are both brokers which have forged their way successfully into the broker world. Within this review, we have attempted to collate a number of the important facets of both eToro and Eightcap. This review can allow you to understand whether either Eightcap or eToro is a good fit for your investments or not. We've tried to breakdown all the qualities and charges for your convenience.
Benefits of eToro and Eightcap Compared
eToro has a minimum deposit of $50 while Eightcap offers a $100 minimum deposit.
Why smaller minimum deposits are good and how eToro and Eightcap compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro allows you to trade around 100 financial instruments while Eightcap allows you to trade around 100 financial instruments on their platform.
The more instruments you can trade on the eToro and Eightcap platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or Eightcap.
eToro and Eightcap Contact Details
Being able to contact a broker easily is a sign of a professional broker. eToro and Eightcap have the following contact details and social medias that you can use.
|Telephone Number||+61 3 8373 4800|
|Address||24th floor, One Canada Square, Canary Wharf, London, E14 5AB||Level 6, 360 Collins St, Melbourne, Victoria 3000, AU|
|eToro Twitter Account||Eightcap Twitter Account|
|eToro Facebook Page||Eightcap Facebook Page|
|eToro Instagram Account||Eightcap Instagram Account|
|eToro LinkedIn Page||Eightcap LinkedIn Page|
|YouTube||eToro YouTube Channel||Eightcap YouTube Channel|
|Find Out More||
Eightcap and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and Eightcap will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs Eightcap - Awards
eToro have won several industry awards over the time they have been running as a financial broker. We show the most recognised awards for eToro below.
Eightcap have won a lot of industry awards over the time they have been operating as a financial broker. We detail the most notable awards for Eightcap here.
|Find Out More||
eToro vs Eightcap - Frequently Asked Questions
eToro vs Eightcap - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
Eightcap was founded in 2009 and has its headquaters in Australia.
What is the minimum deposit for Eightcap or eToro
The minimum deposit for eToro is $50.
The minimum deposit for Eightcap is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and Eightcap are a good choice.
eToro vs Eightcap - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both eToro and Eightcap have a strong collection of rules for ensuring honest trading on their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eToro vs Eightcap Commission And Fees
eToro and Eightcap are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily affected by the number of clients they have.
But this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are mainly three different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such instances, you are spending a spread, funding rate, or a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your accounts. They're charged for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither eToro or Eightcap charge high fees compared to other online brokers. For operations other brokers fee for, they do not charge a broker fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by eToro and Eightcap are comparatively lower. As a result, you are charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These are not about the sale and purchase of resources.
This eToro vs Eightcap review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And Eightcap
What Languages Do eToro And Eightcap Support?
Being able to communicate easily with your trading platform is a key element when comparing trading platforms to find the best broker. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading online.
Here you can find all the languages that both eToro and Eightcap offer communication in.
How Many Clients Do eToro and Eightcap Have?
Both eToro and Eightcap are well established with their customer base. It is really important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers eToro and Eightcap are working with
What Payment Methods Do eToro and Eightcap Accept?
eToro and Eightcap both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and Eightcap
What Can You Trade With eToro and Eightcap?
eToro offers 100 trading instruments whilst Eightcap offers 100.
Below you will find a full breakdown of what both eToro and Eightcap offer.
Compare eToro To All Other Brokers
Compare Eightcap To All Other Brokers
eToro vs Eightcap:
Table Of Contents
- Compare eToro vs Eightcap
- Benefits of eToro and Eightcap Compared
- Eightcap and eToro Mobile App Comparison
- eToro vs Eightcap - Awards
- eToro vs Eightcap - Frequently Asked Questions
- What is the minimum deposit for Eightcap or eToro
- eToro vs Eightcap - Regulation And Licencing In More Detail
- Compare Broker Fees For eToro And Eightcap
- What Languages Do eToro And Eightcap Support?
- How Many Clients Do eToro and Eightcap Have?
- What Payment Methods Do eToro and Eightcap Accept?
- What Can You Trade With eToro and Eightcap?