BDSwiss vs Eightcap Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare BDSwiss vs Eightcap.
Can I trust BDSwiss?
BDSwiss has a trust score of 81, giving it a "Trusted" trust label. Here's what each trust score label means:
- "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
- "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
- "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
- "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
- "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.
Can I trust Eightcap?
Eightcap has a trust score of 85, giving it a "Trusted" trust label.
Is BDSwiss a good broker?
BDSwiss is a trusted broker that offers a proprietary mobile app as well as the full MetaTrader suite (both MT4 and MT5). Traders at BDSwiss gain access to Autochartist and the broker-exclusive Trends Analysis tool, as well as trading signals via the BDSwiss Telegram channel. Though spreads at BDSwiss are slightly higher than the industry average, the broker regularly publishes its trade statistics in an effort to highlight its execution quality.
Is Eightcap a good broker?
Eightcap's impresses most with its crypto offering; traders at Eightcap gain access to an impressive range of cryptocurrency CFDs (though these are not available to traders in the U.K.). Though Eightcap doesn't offer any proprietary trading platforms or mobile apps, it provides the full MetaTrader platform suite (including MT5) as well as several plugins and third-party tools like TradingView and Capitalise.ai. That said, Eightcap has a somewhat limited offering of CFDs and tradeable symbols, and the broker's educational content has room to improve.
What Tier-1 jurisdictions is each broker regulated in?
Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. BDSwiss is United Kingdom (U.K.) (FCA Authorised), while Eightcap is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)
What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?
Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both BDSwiss and Eightcap are Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses BDSwiss is Mauritius (FSC Authorised), while Eightcap is Bahamas (SCB Authorised) and Vanuatu (VFSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Cayman Islands (CIMA Authorised).
Which broker offers more trading platforms?
For trading platforms BDSwiss supports a Proprietary Platform and Desktop Platform (Windows), whereas Eightcap supports a Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade
Does BDSwiss offer MetaTrader? Does Eightcap offer MetaTrader?
Both BDSwiss and Eightcap offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.
How do BDSwiss and Eightcap differ in terms of minimum deposit? What about average spreads and funding options?
BDSwiss requires a minimum deposit of $100-$5000, while Eightcap requires a minimum deposit of $100. From our testing we found BDSwiss offers spreads of 1.6, while Eightcap offers spreads of 1.0. BDSwiss supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).
Which broker offers more tradeable asset classes, BDSwiss or Eightcap?
Both BDSwiss and Eightcap allow you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting, Agriculturals and ETF Looking at total tradeable symbols, BDSwiss has 1081, compared to 736 from Eightcap.
Can I trade cryptocurrency with BDSwiss or Eightcap?
Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither BDSwiss nor Eightcap allow you to trade physical cryptocurrencies.
Who offers more research tools, BDSwiss or Eightcap?
In terms of research and research tools BDSwiss gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. In comparison Eightcap has the tools listed here: Daily Market Commentary and Social Trading / Copy Trading.. Neither have Forex News (Top-Tier Sources) and Trading Central (Recognia)
Overall winner: BDSwiss
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.