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Eightcap vs easyMarkets 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between Eightcap and easyMarkets? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Eightcap ranks more highly than easyMarkets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Compare

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Overall Rating Eightcap easyMarkets
Overall Rating 7.6 / 10 7.3 / 10
Account Type Eightcap easyMarkets
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Copy Trading Eightcap easyMarkets
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency Eightcap easyMarkets
Cryptocurrency (Physical) info No No
Cryptocurrency (CFD) Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) Eightcap easyMarkets
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) Eightcap easyMarkets
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments Eightcap easyMarkets
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info No Yes
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms Eightcap easyMarkets
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
Regulatory Licenses Eightcap easyMarkets
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
USA (CFTC Authorized) info No No
Tier-2 Licenses info 1 1
Tier-3 Licenses info 2 1
Research, Education Eightcap easyMarkets
Trading Central (Recognia) info No Yes
Forex News (Top-Tier Sources) info No Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes No
Trading Costs Eightcap easyMarkets
Minimum Deposit info $100 $100
Average Spread EUR/USD - Standard info 1.0 info 0.9 info
All-in Cost EUR/USD - Active info 0.76 0.9 info
Active Trader or VIP Discounts info No Yes
Bank Wire (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
Trading Tools Eightcap easyMarkets
Watchlists - Total Fields info 7 6
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 (default MT4)
Mobile Charting - Indicators / Studies info 30 81
Trust Factors Eightcap easyMarkets
Year Founded info 2009 2001
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 87 84
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Eightcap vs easyMarkets 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 Eightcap vs easyMarkets.

Can I trust Eightcap?

Eightcap has a trust score of 87, 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 โ€“ in most cases โ€“ 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 โ€œDo Not Trustโ€ rating.

Can I trust easyMarkets?

easyMarkets has a trust score of 84, giving it a "Trusted" trust label.

Is Eightcap a good broker?

Eightcap is an up and coming broker that boasts a large range of cryptocurrency CFDs, alongside several MetaTrader plugins and related tools. That said, it's offering is otherwise limited in terms of the number of symbols you can trade, and the scope of its educational and reserach materials available could stand to improve.

Is easyMarkets a good broker?

easyMarkets provides a trading platform suite that is optimized for ease of use, and features a variety of trading and risk-management tools which are especially helpful for beginners. That said, easyMarkets' pricing is higher than the industry average, and its research materials and range of available symbols are limited compared to the best brokers.

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. Eightcap is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised), while easyMarkets is Australia (ASIC 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 Eightcap and easyMarkets 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 Eightcap is Bahamas (SCB Authorised) and Vanuatu (VFSC Authorised), while easyMarkets is British Virgin Islands (FSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised) and Mauritius (FSC Authorised).

Which broker offers more trading platforms?

For trading platforms Eightcap supports a Desktop Platform (Windows), whereas easyMarkets supports a Proprietary Platform and Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade

Does Eightcap offer MetaTrader? Does easyMarkets offer MetaTrader?

For MetaTrader Eightcap provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while easyMarkets provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Eightcap and easyMarkets differ in terms of minimum deposit? What about average spreads and funding options?

Eightcap requires a minimum deposit of $100, while easyMarkets requires a minimum deposit of $100. From our testing we found Eightcap offers spreads of 1.0, while easyMarkets offers spreads of 0.9. Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where easyMarkets supports Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Eightcap or easyMarkets?

Eightcap offers a more diverse selection of investment options than easyMarkets allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD).. Neither have Spread Betting and ETF Looking at total tradeable symbols, Eightcap has 736, compared to 199 from easyMarkets.

Can I trade cryptocurrency with Eightcap or easyMarkets?

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 โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Eightcap nor easyMarkets allow you to trade physical cryptocurrencies.

Who offers more research tools, Eightcap or easyMarkets?

In terms of research and research tools Eightcap gives traders the following tools: Daily Market Commentary and Social Trading / Copy Trading. In comparison easyMarkets has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

Eightcap Review

a href="/reviews/easymarkets">easyMarkets Review

Overall winner: Eightcap

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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