This Eightcap vs AvaTrade Forex Broker Comparison found Eigthcap have spreads from 0.0 pips and over 250 crypto pairs. AvaTrade has spread from 0.9 pips but they are fixed. Both brokers offer MetaTrader 4 and 5.
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Our comprehensive comparison covers the 10 most important trading factors. Here are five key differences between Eightcap and AvaTrade:
When it comes to trading, every pip counts. Eightcap offers a RAW account with spreads as low as 0.0 pips, but it comes with a commission fee. On the other hand, AvaTrade offers fixed spreads starting from 1.3 pips on their standard account, with no commission fees.
| Broker | Spreads Starting From | Commission Fees |
|---|---|---|
| Eightcap | 0.0 pips | Yes |
| AvaTrade | 1.3 pips | No |
Verdict: If you’re a trader who focuses on the nitty-gritty of spreads and commissions, Eightcap’s RAW account is your best bet. The lower spreads can significantly impact your profitability, especially if you’re into scalping or high-frequency trading.
Trading platforms can make or break your trading experience. Both Eightcap and AvaTrade offer MetaTrader 4 and 5, but Eightcap goes above and beyond by also offering Capitalise.ai and TradingView. These additional platforms are particularly useful for traders interested in algorithmic trading and advanced charting.
| Broker | MetaTrader | Proprietary Platform | Additional Platforms |
|---|---|---|---|
| Eightcap | ✓ | ✗ | Capitalise.ai, TradingView |
| AvaTrade | ✓ | AvaTradeGo | ✗ |
Verdict: For traders who are looking for more than just the MetaTrader experience, Eightcap is the clear winner. The addition of platforms like Capitalise.ai and TradingView means you have more tools at your disposal, from advanced charting to algorithmic trading. This makes Eightcap a more versatile choice for both beginners and seasoned traders.
Account features can significantly impact your trading strategy. Eightcap offers a Standard and a RAW account, each catering to different trading styles. AvaTrade offers a standard account and an options trading account, which is unique but may not be suitable for everyone.
| Broker | Standard Account | RAW/Options Account | Demo Account |
|---|---|---|---|
| Eightcap | ✓ | RAW | ✓ |
| AvaTrade | ✓ | Options | ✓ |
Verdict: Eightcap’s RAW account offers a level of flexibility that’s hard to beat. The lower spreads are a significant advantage, especially for those who trade frequently. AvaTrade’s options account is unique but caters to a more niche market. Therefore, for the average trader looking for versatility and cost-effectiveness, Eightcap stands out.
When it comes to trading experience, Eightcap and AvaTrade both offer MetaTrader 4 and 5, which are industry standards. However, Eightcap takes it a step further by also offering Capitalise.ai and TradingView. These platforms are game-changers, especially for traders who love to experiment with algorithmic trading bots and advanced charting tools.
AvaTrade, while not as versatile as Eightcap, offers a solid, secure trading environment. They offer standard risk management tools and an additional feature, AvaProtect, which allows you to secure your trades for a small premium. This is particularly useful for traders who are risk-averse.
Verdict: For traders looking for versatile and advanced trading experience, Eightcap is the better choice. However, if you prioritize security and risk management, AvaTrade won’t disappoint.
AvaTrade Trust Score
Eightcap Trust Score
In the trading world, trust and regulation are not to be taken lightly. Eightcap is regulated by ASIC, which is a strong regulatory body. However, AvaTrade is regulated by multiple bodies, including ASIC and the FCA, giving them a broader regulatory framework.
| Eightcap | AvaTrade | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) |
ASIC (Australia) CIRO (CANADA) CYSEC (Cyprus) |
| Tier 2 Regulation | ADGM (UAE) ISA (Israel) JFSA (Japan) CBI KNF (Poland) |
|
| Tier 3 Regulation | SCB (Bahamas) | FSC- BVI FSCA (South Africa) |
Verdict: While Eightcap’s ASIC regulation provides a solid foundation of trust, AvaTrade goes a step further by being regulated by multiple bodies, including the FCA. This broader regulatory framework adds an extra layer of security and makes AvaTrade more globally trustworthy. For traders who prioritize regulatory backing, AvaTrade is the more secure option.
| Feature | Eightcap | AvaTrade |
|---|---|---|
| Forex Pairs | 46 | 55 |
| Cryptocurrencies | Over 250 | 16 |
| Indices | Yes | Yes |
| Shares | Yes | Yes |
| ETFs | No | Yes |
| Commodities | Yes | Yes |
| Metals | Yes | Yes |
| Energies | Yes | Yes |
| Bonds | No | Yes |
| Options | No | Yes |
Verdict: While AvaTrade offers a slightly wider range of Forex pairs and additional markets like Bonds and Options, Eightcap dominates in the cryptocurrency sector. If you’re a crypto enthusiast, Eightcap is your go-to broker.
Eightcap offers basic educational resources, focusing mainly on platform tutorials and market analysis. AvaTrade, however, provides a more comprehensive educational suite, including webinars, eBooks, and even a dedicated educational platform, SharpTrader.
Verdict: Based on our testing, AvaTrade offers superior educational resources with a score of 8.5 out of 10. They provide a well-rounded educational experience suitable for both beginners and experienced traders.
Eightcap offers customer service via live chat, email, and phone. AvaTrade provides similar channels but also includes a comprehensive FAQ section and multilingual support.
| Feature | Eightcap | AvaTrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Yes | Yes | |
| Phone | Yes | Yes |
| FAQ | No | Yes |
| Multilingual Support | No | Yes |
| 24/5 Support | Yes | Yes |
Verdict: AvaTrade offers better customer service with a score of 9 out of 10 based on our testing. Their comprehensive FAQ section and multilingual support give them the edge.
Eightcap offers a variety of funding options, including bank transfers, debit/credit cards, and even cryptocurrencies. AvaTrade keeps it simple with credit cards and bank wire transfers.
| Funding Options | Eightcap | AvaTrade |
|---|---|---|
| Credit/Debit Card | ✓ | ✓ |
| Bank Transfer | ✓ | ✓ |
| PayPal | ✗ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| Bitcoin | ✓ | ✗ |
Verdict: When it comes to funding options, Eightcap offers a good range but falls short of providing PayPal, which is a commonly used method. AvaTrade, on the other hand, offers a broader range of funding options, including PayPal. However, Eightcap does offer the unique option of Bitcoin funding, which could be a game-changer for crypto enthusiasts. Overall, if you’re looking for a variety of mainstream funding options, AvaTrade has the edge.
Eightcap recommends a first deposit of $500 AUD/USD, while AvaTrade has a more accessible minimum deposit of $100.
| Broker | Minimum Deposit |
|---|---|
| Eightcap | $500 AUD/USD |
| AvaTrade | $100 |
Verdict: AvaTrade is more accessible for beginners with a lower minimum deposit requirement. If you’re just starting out or prefer to start small, AvaTrade is the better option.
Eightcap is the winner because it offers a more versatile trading experience, a wider range of funding options, and dominates in the cryptocurrency sector. Below is a table that summarises the key information leading to this verdict.
| Criteria | Eightcap | AvaTrade |
|---|---|---|
| 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 | ✗ | ✓ |
For beginner traders, AvaTrade is the better choice due to its lower minimum deposit and superior educational resources.
For experienced traders, Eightcap stands out for its advanced trading platforms and extensive product range.
Eightcap has lower costs. They offer competitive spreads, especially on major currency pairs. For more information on low-cost brokers, you can visit our lowest spread brokers in the UK.
Both Eightcap and AvaTrade offer MetaTrader 4, but Eightcap also provides additional platforms like TradingView. For more details, check out our best MT4 brokers.
Neither Eightcap nor AvaTrade offer social or copy trading. If social trading is crucial for you, you might want to explore other options listed on our best forex social trading platforms.
Neither Eightcap nor AvaTrade offer spread betting. For more on this, you can visit our best spread betting brokers in the UK.
In my opinion, Eightcap is superior for Australian Forex traders. They are ASIC regulated and founded in Australia. For more details, you can visit our Australian Forex brokers page.
For UK Forex traders, AvaTrade is the superior choice. They are FCA regulated and have a strong presence in the UK. For more information, you can visit our best UK trading platforms page.
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