This Eightcap vs Admiral’s forex broker comparison found that while Admirals has more products and a better standard account, Eigthcap offers more forex pairs (46) and cryptos (250) and STP spreads from 0.0 pips.
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Our comprehensive comparison dives into the 10 most crucial trading factors to help you make an informed decision between Eightcap and Admirals.
When it comes to spreads and fees, Admirals takes the lead with its competitive pricing. The broker offers spreads starting from just 0.5 pips on major currency pairs, making it a cost-effective choice for traders.
Verdict
Admirals clearly outperforms Eightcap in the cost department. With low spreads starting at 0.5 pips on major pairs and no commission on standard accounts, it’s a cost-effective choice. This is especially beneficial for high-frequency traders, where every pip counts. Admirals’ competitive pricing structure makes it the ideal broker for those keen on minimizing trading costs.
We explore the trading platforms offered by both Eightcap and Admirals, alongside the additional trading tools provided by the brokers.
| Trading Platform | Eightcap | Admirals |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
The most popular forex trading platforms are MetaTrader 4 and MetaTrader 5, or MT4/MT5 respectively.
Both Eightcap and Admirals give you access to the base offerings of the two platforms.
In terms of other CFD trading platforms, Admirals only offers you a proprietary mobile trading app (android/iOS), allowing you to trade CFDs on the go.
Trading tools offered by Admirals include StereoTrader, and ‘MetaTrader Supreme Edition’. In essence, these are information panels added onto the base MetaTrader platform, giving you tools like one-touch trading, indicator trackers, and sentiment analysis.
Eightcap has a wider range of extra CFD platforms. TradingView provides you with top-notch charting capability, and the Capitalise.ai platform allows you to utilise algorithmic trading bots completely code-free. This makes Eightcap a great choice if you are an avid chart trader or a beginner in the forex markets.
The tools offered by Eightcap include AmazingTrader and Cryptocrusher. AmazingTrader is a MetaTrader add-on that helps risk-manage your trades for you. Cryptocrusher on the other hand generates trading strategies for different cryptocurrencies for you and represents a great add-on to Eightcap’s strong crypto offering.
Verdict
Overall, Eightcap provides you with both a wider range of trading platforms and a stronger set of trading tools that will help you trade better. As a result, we determine that Eightcap is our platform winner.
When it comes to account features, Admirals offers a more comprehensive set, including a wider range of account types and more flexible leverage options.
Account Features Table
| Eightcap | Admirals | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | Yes |
| Active Traders | No | No |
| Spread Betting (UK) | No | No |
Verdict
Admirals is the superior choice when it comes to account features and flexibility. With a broader range of account types, including an Islamic account, and higher leverage options, it caters to a more diverse set of traders. This makes Admirals a more versatile and accommodating broker, especially for those who require specific account features or higher leverage.
When it comes to user experience, Eightcap is the go-to platform for traders who love variety and ease of use. The broker offers a plethora of platforms like TradingView and Capitalise.ai, making it a paradise for both chart traders and those who fancy algorithmic trading.
Admirals, on the other hand, focuses on enhancing the MetaTrader experience. Their MetaTrader Supreme Edition offers features like one-touch trading and sentiment analysis, which are valuable but not as diverse as Eightcap’s offerings.
Verdict
When it comes to a versatile and enriching trading experience, Eightcap is the clear winner. The broker not only offers a variety of platforms but also integrates features like code-free algorithmic trading and advanced charting. This makes it a one-stop-shop for traders of all styles and levels.
Admiral Markets Trust Score
Eightcap Trust Score
Trust and regulation are vital in the trading industry. Admirals has the upper hand, being regulated by multiple top-tier authorities, which provides an extra layer of security for traders.
Regulatory Table
| Admirals | Eightcap | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) | FCA (UK) CYSEC (Cyprus) ASIC (Australia) |
| Tier 2 Regulation | ASIC (Australia) FCA (UK) CYSEC (Cyprus) CIRO (CANADA) | |
| Tier 3 Regulation | FSA-S (Seychelles) CMA (Kenya) JSC FSCA (South Africa) | SCB (Bahamas) |
Verdict
Admirals is the clear winner when it comes to trust and regulation. Being regulated by multiple top-tier authorities offers traders an added layer of security and peace of mind.
Both Eightcap and Admirals offer a wide array of trading products, but Eightcap takes the lead in diversity.
| Feature | Eightcap | Admirals |
|---|---|---|
| Forex Pairs | 46 | 45 |
| Crypto | 250+ | 32 |
| Commodities | Yes | Yes |
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Indices | Yes | Yes |
| Metals | Yes | Yes |
| Energies | Yes | Yes |
| Bonds | No | Yes |
| Options | No | No |
Verdict
Eightcap outshines Admirals in terms of product diversity, particularly in the booming crypto sector. With over 250 crypto options and a broader range of other CFDs, Eightcap is the go-to broker for traders looking for a wide array of trading opportunities.
Education is the cornerstone of successful trading. While both brokers offer educational resources, Admirals has a more comprehensive suite.
Verdict
Admirals takes the lead in educational resources by offering a more comprehensive and interactive learning platform. From webinars and seminars to advanced trading calculators and in-depth market analysis, Admirals provides a holistic educational experience for traders at all levels.
Customer service can make or break your trading experience. Both brokers offer decent support, but Admirals has a slight edge.
| Feature | Eightcap | Admirals |
|---|---|---|
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| FAQs | Yes | Yes |
| Tutorials | No | Yes |
Verdict
Admirals wins the customer service race by offering 24/7 support and a broader range of features, including tutorials. This makes Admirals not just a broker but a reliable partner that stands by you round the clock, ensuring a seamless trading experience.
Funding your account should be hassle-free, and both brokers offer multiple options. However, Eightcap goes above and beyond by including cryptocurrencies.
| Funding Option | Eightcap | Admirals |
|---|---|---|
| Bank Transfer | ✓ | ✓ |
| Credit Card | ✓ | ✓ |
| PayPal | ✓ | ✗ |
| Neteller | ✓ | ✓ |
| Skrill | ✓ | ✓ |
| POLi | ✓ | ✗ |
| BPay | ✓ | ✗ |
| Crypto | ✓ | ✗ |
Verdict
Eightcap stands out as the better choice for modern traders when it comes to funding options. The broker not only supports traditional funding methods but also embraces cryptocurrencies, offering a flexible and diverse range of options that cater to the needs of today’s traders.
Eightcap and Admiral Markets have a $100 minimum deposit requirement. Admiral Markets has a uniform minimum deposit of $100, while Eightcap’s minimum deposit varies by location.
Eightcap
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | N/A | $100 | €100 | N/A |
| Neteller | N/A | $100 | €100 | N/A |
Admiral Markets
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Neteller | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
Verdict
It may be a tie between Eightcap and Admiral Markets in this category, but the winning factor may be the main payment channel you use.
Admiral Markets is the winner because it offers a more comprehensive trading experience, from lower spreads to superior educational resources and customer service. The table below summarises the key information leading to this verdict.
| Criteria | Eightcap | Admirals |
|---|---|---|
| Lowest Spreads And Fees | ✗ | ✓ |
| Better Trading Platform | ✓ | ✗ |
| Superior Accounts And Features | ✗ | ✓ |
| Best Trading Experience And Ease | ✓ | ✗ |
| Stronger Trust And Regulation | ✗ | ✓ |
| Top Product Range And CFD Markets | ✓ | ✗ |
| Superior Educational Resources | ✗ | ✓ |
| Superior Customer Service | ✗ | ✓ |
| Better Funding Options | ✓ | ✗ |
| Lower Minimum Deposit | ✓ | ✓ |
Admirals is the better choice for beginner traders, offering a robust educational platform.
Eightcap is more suited for experienced traders, thanks to its diverse product range and advanced trading platforms.
Admirals has lower costs. They offer average spreads starting from 0.5 pips, which is quite competitive. For more information on low-cost brokers, check out our lowest spread forex brokers in the UK.
Both Eightcap and Admirals offer MetaTrader 4, but Admirals enhances the experience with its MetaTrader Supreme Edition. For more details, visit our best MT4 brokers page.
Neither Eightcap nor Admirals offer social or copy trading. However, there are other brokers that do, as listed on our best copy trading platforms page.
No, neither Eightcap nor Admirals offer spread betting. For brokers that do, you can visit our best spread betting brokers in the UK.
In my opinion, Eightcap is superior for Australian Forex traders. It’s ASIC-regulated and offers a wide range of products. For more details, check out our Best Forex Brokers In Australia page.
For UK traders, Admirals is the better choice. It’s FCA-regulated and offers a comprehensive trading experience. For more information, visit our best UK Forex brokers page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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