Eightcap is an STP broker with spreads from 0 pips plus $3.50 commissions. easyMarkets have fixed spreads with 0.8 pips for EUR/USD. This Eightcap vs easyMarkets comparison found both brokers have MT4 and MT5 trading platforms.
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Our full comparison covers the 10 most important trading factors to help you make an informed decision between Eightcap and easyMarkets.
Comparing the trading costs of Eightcap and easyMarkets is a little tricky, given easyMarkets offers Lowest Fixed Spread Brokers while Eightcap offers variable spreads. Using a variable spread typically means you will pay less than with fixed spreads (though there are exceptions which we discuss below) however there are times a variable spread will be wider, but this usually only happens when major and unexpected economic events occur and isn’t common.
4 of the major factors in our scoring rely on spreads, and Eightcap offers more reliable spreads, with the broker promoting an average 0.6 pips for its commission-based account. We tested the spreads with Eightcap using an expert advisor through the MetaTrader 4 trading platform and our test results for Standard Account Spreads suggest you are more likely to see spreads from 1 pips (not 0.6 pips) for the EUR/USD, GBP/USD and USD/CAD pairs and 1.2 pips for AUD/USD currency pair. Overall, our tests show that Eightcap averages 1 pip for the EUR/USD and 1.2 pips for AUD/USD.
| Standard Account | Eightcap Spreads | easyMarkets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.16 | 1.83 | 1.6 |
| EUR/USD | 1 | 0.8 | 1.2 |
| USD/JPY | 1.2 | 1.5 | 1.4 |
| GBP/USD | 1.2 | 1.3 | 1.6 |
| AUD/USD | 1.2 | 1.5 | 1.5 |
| USD/CAD | 1.2 | 2.3 | 1.8 |
| EUR/GBP | 1.1 | 2 | 1.5 |
| EUR/JPY | 1.2 | 2.2 | 1.9 |
| AUD/JPY | 1.2 | 3 | 2.1 |
When it came to easyMarkets, there was no point in testing since the spreads are fixed. In other words, you will know exactly what spread you are getting when you execute your trading order. Since it is easyMarkets that are taking the risk should markets become volatile, it makes sense that spreads with easyMarkets will be wider than with Eightcap. For the EUR/USD forex pair, easyMarkets promote fixed spreads of 1.8 pips with their own easyMarkets platform if you deposit 200 AUD, 1.5 pips if you deposit 3000 AUD and 0.8 pips if you deposit a huge 10,000 AUD. Alternatively, you can use the MT4 trading platform and have spreads of 0.7 pips along with a 200 AUD deposit.
The only time we can truly compare Eightcap and easyMarkets in like-for-like circumstances is with the easyMarkets MT5 accounts and Eightcaps standard account. This account has variable spreads with no commissions and has spreads from 0.5 pips. Which if true, would be lower than with Eightcap.
To make trading fees easier to understand, we created a calculator. Select your currency, trade size, and pair to get the fee.
Verdict
As far as fixed spreads go, the spreads easyMarkets offers are quite good but only if you use MT4 or are prepared to make a large deposit. If you do this, easyMarkets can be a better option than Eightcap. Generally speaking, we think the Eightcap RAW account is the better option so we gave Eightcap a 6/10 and easyMarkets a 4/10.
Although the two brokers are excellent choices in their own right, we think to save on trading fees such as spreads, you are better off looking at similar brokers to Eightcap. For more info, read the full IC Markets Review or the FP Markets Review.
Both Eightcap and easyMarkets are MetaTrader brokers (though easyMarkets do push their own easyMarkets trading platform hard), meaning they offer MetaTrader 4 and MetaTrader 5.
| Trading Platform | Eightcap | easyMarkets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
This isn’t a bad thing since you can automate (using expert advisors EAs) and social trade (using Signals) so that all your bases are covered as far as your trading needs should be concerned.
Given MT4 and MT5 are the two most popular third-party platforms, they feature heavily in our scoring of Eightcap and easyMarkets.
Eightcap offers slightly better algorithmic trading, with one of our favourite algorithmic tools, Capitalise.ai, for code-free trading that can be integrated with MT4.
easyMarkets does, however, have its own proprietary software, which is a good alternative to its MetaTrader suite. We think this is worth a mention since it has some really cool features. The easyMarkets trading platform is built with some of the best risk management trading tools in mind. These include a guaranteed stop loss order, dealCancellation and Freeze Rate. The latter 2 are features no other broker offers.
Overall, we found it hard to split Eightcap and easyMarkets, with both offering solid platform options. We suggest trialling the brokers using a Forex demo account.
Verdict: If you primarily use the MetaTrader platforms (MT4 + MT5), Eightcap and easyMarkets have both got you covered. While easyMarkets has its own proprietary app, which Eightcap doesn’t, Eightcap does offer more automated trading options, particularly Capitalise.ai. This is why we scored Eightcap 8/10, marginally higher than easyMarket’s 6/10.
When it comes to account types and features, both Eightcap and EasyMarkets have their merits, but they cater to different types of traders. Eightcap offers two main account types: Standard and Raw. The Raw account is particularly appealing to me because it offers lower spreads but charges a commission. EasyMarkets, on the other hand, offers a Standard account and a VIP account, which comes with free trading signals and a personal account manager.
| Account Features | Eightcap | EasyMarkets |
|---|---|---|
| Number of Account Types | 2 | 2 |
| Micro Accounts | ✗ | ✓ |
| VIP Accounts | ✗ | ✓ |
| Islamic Accounts | ✓ | ✓ |
| Demo Accounts | ✓ | ✓ |
| Trading Signals | ✗ | ✓ |
| Personal Account Manager | ✗ | ✓ |
If you’re a trader who likes to keep things simple and focus on low costs, Eightcap’s Raw account is a solid choice. However, if you’re looking for more features like trading signals and a personal account manager, EasyMarkets’ VIP account is the way to go.
| Eightcap | easyMarkets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | No |
| Swap Free Account | No | No |
| Active Traders | No | Yes |
| Spread Betting (UK) | No | No |
Verdict: EasyMarkets offers superior accounts and features, especially for traders who value additional services like trading signals and personal account management.
When it comes to trading experience, Eightcap is a clear winner in my book. The broker offers MetaTrader 4 and 5, which are platforms I’ve personally tested and found to be top-notch in terms of execution speed and customisability. EasyMarkets, on the other hand, offers its own proprietary platform alongside MT4. While it’s user-friendly, it doesn’t offer the same level of advanced features that seasoned traders like myself appreciate.
If you’re an experienced trader, you’ll find Eightcap’s platforms more to your liking due to their advanced features and faster execution speeds. However, if you’re new to trading, EasyMarkets provides a simpler, more intuitive platform that could be a better fit for you.
Verdict: For traders seeking advanced features and faster execution, Eightcap is the better choice. However, EasyMarkets is more suitable for beginners due to its user-friendly platform.
easyMarkets Trust Score
Eightcap Trust Score
Trust and regulation are paramount in the forex trading world. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), which is a strong regulator but not as globally recognized as some others. EasyMarkets, on the other hand, is regulated by multiple entities, including CySEC in Cyprus and ASIC in Australia. This gives it a broader regulatory oversight, which adds an extra layer of trust for traders like me.
| Eightcap | EasyMarkets | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | SCB (Bahamas) | FSC-BVI FSA-S (Seychelles) |
If you’re a trader who values strong regulatory oversight, EasyMarkets is the better choice due to its multiple regulators. This provides an extra layer of security and trust, which is crucial in the forex market.
Verdict: EasyMarkets has stronger trust and regulation due to its oversight by multiple regulatory bodies, making it a more secure choice for traders.
Eightcap and EasyMarkets both offer a range of CFDs and forex pairs, but EasyMarkets has a more diverse product range. From my own testing, I’ve found that EasyMarkets offers more options across different asset classes, making it a more versatile choice for traders looking to diversify their portfolios.
| Product Type | Eightcap | EasyMarkets |
|---|---|---|
| Forex Pairs | 45 | 62 |
| Indices | 10 | 15 |
| Commodities | 9 | 17 |
| Stocks | 200 | 100 |
| Cryptos | 5 | 3 |
| Metals | 3 | 4 |
| Energies | 2 | 3 |
| Bonds | 0 | 2 |
| ETFs | 0 | 1 |
| Options | 0 | 1 |
Verdict: EasyMarkets offers a more comprehensive range of CFDs and Markets, making it a better choice for traders looking for diversity in their trading portfolios.
Eightcap offers basic educational resources, mostly focused on trading strategies and market analysis. EasyMarkets, however, provides a more comprehensive educational suite, including webinars and eBooks.
Verdict: Based on our extensive testing, EasyMarkets offers superior educational resources with a score of 8/10. It’s the better choice for traders looking to expand their knowledge and skills.
Eightcap offers decent customer service, but it’s not 24/7. EasyMarkets, however, provides round-the-clock support, which is a big plus for traders like us who operate in different time zones.
| Feature | Eightcap | EasyMarkets |
|---|---|---|
| 24/7 Support | No | Yes |
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Multilingual Support | Yes | Yes |
| Educational Resources | Limited | Extensive |
Verdict: EasyMarkets offers superior customer support with a score of 9/10. Their 24/7 availability and extensive educational resources make them the better choice for traders who value excellent customer service.
Both brokers offer multiple funding options, but EasyMarkets has a slight edge due to its wider range of payment methods. Eightcap, however, offers lower fees, which could be a deciding factor for cost-conscious traders like me.
| Funding Option | Eightcap | EasyMarkets |
|---|---|---|
| Bank Transfer | ✓ | ✓ |
| Credit Card | ✓ | ✓ |
| PayPal | ✗ | ✓ |
| Skrill | ✓ | ✓ |
| Neteller | ✓ | ✓ |
| Bitcoin | ✗ | ✓ |
| UnionPay | ✓ | ✗ |
| FasaPay | ✓ | ✗ |
| BPay | ✓ | ✗ |
| POLi | ✓ | ✗ |
Verdict: EasyMarkets offers a wider range of funding options, making it a more versatile choice for traders who prefer multiple payment methods.
Eightcap requires a minimum deposit of $500 in Australia and $100 outside Australia. EasyMarkets, on the other hand, has a flat $200 minimum deposit requirement, making it more accessible for traders on a budget.
| Broker | Minimum Deposit |
|---|---|
| Eightcap | $500/$100 |
| EasyMarkets | $200 |
Verdict: EasyMarkets offers a lower minimum deposit, making it a more accessible option for traders who are just starting out or are on a budget.
easyMarkets is the winner because it offers a more comprehensive range of services, from diverse CFD markets to superior educational resources and customer service. The table below summarises the key information leading to this verdict.
| Criteria | Eightcap | EasyMarkets |
|---|---|---|
| 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 | ✗ | ✓ |
EasyMarkets is the better choice for beginner traders due to its user-friendly platform and extensive educational resources.
For experienced traders like myself, Eightcap offers advanced features and faster execution speeds, making it the better choice.
Eightcap has lower costs, particularly when it comes to spreads. For example, the average spread for EUR/USD is 1.16 pips with Eightcap, compared to 1.8 pips with EasyMarkets. For more details, you can check out our lowest spread forex brokers comparison.
Eightcap is the better choice for MetaTrader 4 users. It offers faster execution speeds and more advanced features. For more information, view our analysis of the Best MT4 Brokers.
Neither Eightcap nor EasyMarkets offer social or copy trading. However, there are other brokers that do, which you can find on our best copy trading platforms page.
Neither Eightcap nor EasyMarkets offer spread betting. For brokers that do, you can visit our best spread betting brokers page.
In my opinion, Eightcap is the superior choice for Australian Forex traders. It’s ASIC-regulated and offers lower spreads. For more details, check out our Best Forex Brokers In Australia comparison.
For UK traders, EasyMarkets is the better choice. It’s FCA-regulated and offers a more comprehensive range of services. For more information, visit our Best Forex Brokers In UK.
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What Cryptos does EasyMarkets offer?
easyMarkets has 20 cryptos available to choose from including the popular BTC, XRP, ETH, LTC, BCH along with less common ones like OmiseGo, UNiswap, Solarna and Zcash.