We find that Eightcap offers better feature and platform and is superior when it comes to forex trading services compared to the eToro. Find out here what makes them tick.
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Our comprehensive comparison covers the 10 most crucial trading factors to help you decide between Eightcap and eToro.
It is beneficial for traders especially for scalpers regarding brokers having lowest spreads and minimal fees in the industry of forex trading. Having competitive pricing will attract more traders while it increases liquidity and market activity. Both eToro and Eightcap are equipped with this strategy driven tactics than costs. Traders will definitely go for brokers whom they believe will lead them to having successful trading experience. Here is where eToro and Eightcap come in due to their strong and superior features and platforms. Let us lay down the cards on the table one by one.
For spreads, Eightcap truly stands out because of their tighter spreads on a majority of currency pairs. As an example, the EUR/USD pair features an average spread of 1.0 pips, which matches eToro’s rate. But we also see here that Eightcap’s overall average spread is just 1.16 pips, which is more attractive option for traders compared to eToro’s average of 1.50 pips. For traders, this is more favorable spread which can be seen as a narrower gap between buying and selling prices of currency pairs, effectively minimizing trading expenses.
| Standard Account | Eightcap Spreads | eToro Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.16 | 1.50 | 1.6 |
| EUR/USD | 1.0 | 1.0 | 1.2 |
| USD/JPY | 1.2 | 1 | 1.4 |
| GBP/USD | 1.2 | 2 | 1.6 |
| AUD/USD | 1.2 | 1 | 1.5 |
| USD/CAD | 1.2 | 1.5 | 1.8 |
| EUR/GBP | 1.1 | 1.5 | 1.5 |
| EUR/JPY | 1.2 | 2 | 1.9 |
| AUD/JPY | 1.2 | 2 | 2.1 |
For this segment, Eightcap offers a commission fee of $3.50 for USD and AUD, £2.25 for GBP, and €2.75 for EUR. On the other hand, eToro offers forex trades without any commission, which can have a substantial impact on overall trading costs, particularly for high-volume traders.
Use our fee calculator to see how smaller spreads affect costs. Choose your base currency, amount, and pair to find the fee.
For standard account fees, Eightcap prides itself with competitive spreads mostly for their currency pairs: 1.00 for EUR/USD, 1.20 for GBP/USD, and 1.00 for AUD/USD. In contrast, eToro presents higher spreads for certain pairs, with GBP/USD and EUR/JPY each at 2.00. Nonetheless, eToro excels with a more favorable AUD/USD spread of 1.00.
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Standard Account Spreads
|
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|---|---|---|---|---|---|
|
1.00 | 1.20 | 1.00 | 1.00 | 1.10 |
|
1.00 | 1.00 | 1.50 | 2.00 | 1.00 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
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1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 03/01/2025
We surmise that both brokers have excellent platforms in regard to forex trading because of their lower spreads. But only one broker stands out in regards to their advanced tools such as Capitalise.ai and FX Blue Labs, and that is Eightcap, and they are truly the ideal broker if you are looking foro comprehensive trading experience and of course lower spreads. But if you are a conscious trader, eToro is a good choice due to their zero commission rates.
Our Lowest Spreads and Fees Verdict
We surmise that Eightcap truly stands out in this category owing to their lowest spreads and fees.
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*Your capital is at risk ‘73% of retail CFD accounts lose money’
For optimal trading experience, Eightcap and eToro come with unique features that will benefit traders in the industry of forex. Both of these brokers come with feature and platform with advanced charting tools, real-time data, fast execution and most of all strong and secured trading experience. However, Eightcap truly stands out with their tools like Capitalise.ai and FX Blue Labs which makes it a great choice for traders looking for better algorithms. Still both brokers offer great customer support and competitive spreads as well as low fees. So for traders looking for success in trading, choosing the right broker that offer advanced platforms, educational resources and fast and efficient execution is a must.
Obviously, only Eightcap offer MT4 and MT5 that come with intuitive and charting tools that is easy to use and comprehensive while giving a better algorithmic trading functionalities. These said features give traders better access to a powerful and adaptable environment in trading. On the other hand, eToro come with proprietary platforms that is easy to use but lacks advanced features which MetaTrader has.
| Trading Platform | Eightcap | eToro |
|---|---|---|
| MetaTrader 4 | Yes | No |
| MetaTrader 5 | Yes | No |
| cTrader | No | No |
| TradingView | Yes | No |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
If you are looking for a quality forex trading platform, choose those with exceptional trading experiencem advanced charting tools, real-time data, as well as fast execution and an intuitive interface, customisation options, robust security, automated and social trading features and most of all a wide range of financial instruments. TradingView is also a powerful and versatile charting and trading tool and only Eightcap supports this. Unfortunately, the limited use of TradingView or any advanced platforms makes eToro less of a choice because they are confined in their proprietary platforms
In this section, our team have found out that Eightcap incorporates the use of MetaTrader Signals which maximises the efficacy of their social and copy trading features. Meanwhile, eToro utilises their own copy trading tools that is designed according to their system.
Both brokers still shine in all these categories. However, brokers with MetaTrader support, combined with other tools, i.e., Capitalise.ai and FX Blue Labs are most likely to shine in this category. While eToro is a good choice despite their simple platforms and ease of use, still, Eightcap, due to their stable features and platforms, is the best choice.
Our Better Trading Platform Verdict
Eightcap definitely outshines the competitor in this portion thanks to their better trading platform.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
When choosing the right trading style, for traders, one must consider which among Eightcap and eToro to suit their trading needs. In regard to having standard and RAW accounts, advanced automation tools such as Capitalise.ai and most all faster execution speed, Eightcap truly stands out in this portion. eToro, on the other hand, come with social trading feature which is ideal for those who prefer these platform. eToro also come with higher spreads due to their single account structure compared to Eightcap’s lower spreads and flexible account types.
Features and Platforms
Listed here are both brokers’ range of features and platforms to cater to different types of traders. Here’s a breakdown of their offerings:
Eightcap:
eToro:
| Eightcap | eToro | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | No |
| Swap Free Account | No | Yes |
| Active Traders | No | No |
| Spread Betting (UK) | No | No |
We have come to realise that both broker offer an excellent choice of forex trading platforms, but our dedicated team surmises that Eightcap truly stands out due to their diverse account options and advanced trading features; this will also push traders to choose between standard or RAW accounts which ever will suit their forex trading strategies and most of all cost preference. On the other hand, despite the lack of diverse accounts, eToro is a good suggestion to traders who focuses on social trading, regardless of their slow execution speeds. Our team favors brokers with flexible platform with cutting-edge tools and feature, and what comes to our mind is Eightcap. eToro, though, is still a good choice for traders aiming for social trading platforms and features over execution speed and a wide range of accounts.
Our Superior Accounts and Features Verdict
Eightcap, unquestionably, takes the lead in this category due to their superior accounts and features.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
Our team’s research show how competitive the spreads of both Eightcap and eToro, but both their offered platforms differ from each other. Eightcap come with MT4 and MT5, this is good for traders who are looking for versatility in feature as well as fast execution making it good for scalping. Meanwhile, eToro come with their proprietary platform that is designed for social trading but lacks in advanced tools like algorighmic trading. Eightcap’s Captialise.ai suupports automated trading compared to eToro’s emphasis on accessibility. Still, our dedicated team always suggest that if a trader is looking for flexibility and execution speed, Eightcap is the best choice, but if traders prefer a simplified social trading experience, eToro is a good choice.
Features and Platforms
We can see in this list that both brokers offer a range of features and platforms to cater to different types of traders. Here’s a breakdown of their offerings:
Eightcap:
eToro:
Through our in-depth research, we truly have come up that Eightcap wins over eToro because of their MetaTrader platforms, fast excution and advanced trading tools such as Capitalise.ai. Meanwhile, eToro is great with their social trading platforms but lacks in versatility. We can definitely say that Eightcap is the great choice when we talk about comprehensive trading experience compared to eToro which caters to traders looking for social trading platforms.
Our Best Trading Experience and Ease Verdict
Obviously, Eightcap takes the crown here due to their best trading experience.
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*Your capital is at risk ‘73% of retail CFD accounts lose money’
Both Eightcap and eToro makes sure that their trading platform and feature are secured because they believe that trust and regulation are important in the industry of forex trading. While Eightcap is still a reliable choice for forex trading, eToro’s top-tier regulatory oversight which include, ASIC, FCA, CySEC, FSA, makes eToro, that come with global credibility, a preferred choice for a secured forex trading
eToro Trust Score
Eightcap Trust Score
Looks like eToro has a solid trust score! But should we just stop there, or is it worth digging in a bit more? Let’s take a closer look.
Features and Platforms
Both brokers offer a range of features and platforms to cater to different types of traders. Here’s a breakdown of their regulatory status:
eToro:
Eightcap:
| Eightcap | eToro | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) | ASIC (Australia) CYSEC (Cyprus) FCA (UK) |
| Tier 2 Regulation | MFSA (Europe) ADGM (UAE) GFSC (Gilbraltar) |
|
| Tier 3 Regulation | SCB (Bahamas) | FSA-S (Seychelles) |
With their strong regulatory freame work under ASIC, FCA, CySEC, and FSA, eToro truly shines in this segment. This ensures a secured and compliant in global standards. This truly makes eToro, with their extensive regulations, a top choice for traders priotising reliability.
Our Stronger Trust and Regulation Verdict
Our dedicated team can surmise that eToro come up trumps in this segment thanks to having stronger trust and regulation.
In this segment, we will lay out both brokers CFD product and financial markets. Eightcap and eToro has a wide range of financial instruments which include forex, commodities, indices and cryptocurrencies. These features enables traders to adapt trading strategies while diversifying their portfolios. Despite both brokers providing with competitive spreads with strong support, their offerings regarding CFD are different from each other. So if you are a trader looking for efficiency, a variety of platform as well as flexibility that suits your needs, choosing the right broker is truly important.
Features and Platforms
Active forex traders benefit from brokers with diverse product ranges and extensive CFD markets, allowing portfolio diversification and profitable opportunities across various financial instruments. Here’s a breakdown of their offerings:
Eightcap:
eToro:
| CFDs | Eightcap | eToro |
|---|---|---|
| Forex Pairs | 56 | 55 |
| Indices | 16 | 20 |
| Commodities | 8 Commodities Softs and Metals | 26 |
| Cryptocurrencies | 95 Crypto | 114+ |
| Share CFDs | 586 | 1209 NYSE 884 NASDAQ 117 FrankFurt 285 LSE 42 Madrid 49 Zurich 26 Oslo 49 Stockholm 23 Copenhagen 20 Helsingki 135 Hong Kong 3 Lisbon 15 Brussels 1 Saudi Arabia 35 Amsterdam |
| ETFs | No | 300 |
| Bonds | No | No |
| Futures | No | No |
| Treasuries | No | No |
| Investments | No | Yes (US only) |
We can see here that while eToro offer an excellent and a wider CFD market range, Eightcap does not fall behind with their advanced tools and stronger crypto selection. Our team can assume that choosing the right trader suffice in the world of forex trading. And in this segmen, we can see that eToro is a stand out in regard to their diversity and versatility.
Our Top Product Range and CFD Markets Verdict
eToro, indisputably, excels in this area of expertise thanks to having a wide CFD product range and financial markets.
Both brokers come with superior educational resources. eToro, though, come with a more extensive learning experience with their webinars, video tutorials, and advanced courses. Eightcap, on the other hand, come with a limited educational content but truly come strong with their trading platform such as MT4 and MT5. eToro’s social trading and with their in-depth training is ideal for traders looking for continuous learning.
Here are some of Eightcap’s features:
In contrast, eToro offers a more robust educational platform with:
Based on our research and testing, we give eToro a rate of 8/10 due to their superior educational resources and innovative social trading platform. Meanwhile, Eightcap come with a less extensive educational resources but is loaded with their competitive spreads as well with their MT4 and MT5 platforms for their advanced trading.
Our Superior Educational Resources Verdict
Without any doubt, eToro outperforms the challenger in this category this is in light of their superior educational resources.
In this section, we will lay down the cards for both Eightcap and eToro for their superior customer support and with their live chat, phone and email assistance, which ensures timely help for traders. While eToro shines with their social trading and educational resources, Eightcap stands out as well with their MetaTrader platform integration, along with competitive spreads. Both are great in this category but the choice will depend on your individual trading preference and strategies.
Eightcap’s customer service is commendable, offering 24/5 live chat support, email support, and phone support. They are quick to respond and very helpful, ensuring timely issue resolution. Here are some of Eightcap’s features:
In contrast, eToro also provides good customer service but falls short in response time. Their support includes:
| Feature | Eightcap | eToro |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/5 |
| Multilingual Support | Yes | Yes |
Through our team’s research and testing, Eightcap come with fast response time, diverse communication channels, and a reliable 24/5 customer support. Eightcap’s exceptional customer services makes it a top choice for traders seeking a reliable and efficient assistance, as well as seamless trading experience.
Our Superior Customer Service Verdict
Eightcap, surely, dominates this category over the contender due to their better customer service.
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*Your capital is at risk ‘73% of retail CFD accounts lose money’
It is important to choose the right broker when we speak of funding options. We see that both Eightcap and eToro have multiple deposit and withdrawal methods, which include bank transfers, credit or debit cards, digital wallets, as well as cryptocurrencies. Both brokers also have low to no fees which makes transaction a breeze which makes traders focus on their trading strategies. We can also say that Eightcap shines with their MT4 and MT5 support which offers more advanced tools and better automation. eToro, on the other hand, come with social trading platform which allows traders to follow their favorite top investors; theirs is also backed by their strong educational resources. Comparing these two brokers will definitely show which of them excels as well as efficient in their funding options and trading experience.
Eightcap’s funding options are diverse, including bank transfers, credit/debit cards, and even cryptocurrencies. Here are some of Eightcap’s features:
In contrast, eToro offers multiple funding options but does not accept cryptocurrencies. Their features include:
| Funding Option | Eightcap | eToro |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | Yes |
| POLi / bPay | Yes | Yes |
| Klarna | No | Yes |
Eightcap truly comes up on top with their excellent funding options which gives traders flexibility and efficiency in their account management. This feature truly makes Eightcap a stand out due to convenience and variety making it a great choice for a seamless trading experience.
Our Better Funding Options Verdict
Certainly, Eightcap stands out in this category due to better funding options.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
For traders, especially starters in the trading industry, choosing brokers with their low minimum deposit makes trading experience easier and accessible. While eToro stands out with their social trading platform along with their educational resources, Eightcap comes with MT4 and MT5 along with their competitive spreads. These various features and platform offered by these brokers truly caters to traders’ different needs while it balances affordability and features just to enhance the trading experience.
Eightcap requires a minimum deposit of $100 for international traders and $500 AUD for Australian traders, which might be a barrier for beginners. Here are some of Eightcap’s features:
In contrast, eToro has a much lower entry barrier with a minimum deposit of just $50, making it more accessible for traders who are just starting out. Here are some of eToro’s features:
| Minimum Deposit | Recommended Deposit | |
| Eightcap | $100 | $100 |
| eToro | $50 | $200 |
eToro come with a lower minimum deposit requirement which gives traders ease of burden regarding hefty financial commitments. Thus, making eToro the ideal choice for cautious traders and investors due to their low minimum deposit and extensive educational resources.
Our Lower Minimum Deposit Verdict
Apparently, eToro ranks highest in this category compared to the challenger in light of their lower minimum deposit.
Eightcap surely breaks all the record here because it offers a more versatile trading experience, lower spreads, and a wider range of funding options. The table below summarises the key information leading to this verdict.
| Categories | Eightcap | eToro |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | Yes | No |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | Yes | No |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | No | Yes |
For beginner traders, eToro is the better choice due to its lower minimum deposit and superior educational resources.
For experienced traders, Eightcap stands out for its versatile trading platforms and lower spreads.
Eightcap has lower costs, especially when it comes to spreads. Their average spread for EUR/USD starts at 1 pip compared to eToro’s 3 pips. For more information on low-cost brokers, check out our lowest spread forex brokers in the UK.
Eightcap is the better choice for MetaTrader 4 users. They offer both MT4 and MT5, giving traders more flexibility. For more details, visit our best MT4 forex brokers in the UK.
eToro is the go-to broker for social or copy trading. They have a robust platform that allows you to follow and copy other traders. Learn more about copy trading at best copy trading platforms in the UK.
Neither Eightcap nor eToro offer spread betting. If you’re interested in spread betting, you might want to check other best spread betting brokers in the UK.
In my opinion, Eightcap is superior for Australian Forex traders. They are ASIC-regulated and offer a wide range of trading platforms. For more information, visit our Best Forex Brokers In Australia page.
For UK traders, eToro is the better choice. They are FCA-regulated and offer a wide range of educational resources. For more details, check out Best Forex Brokers In UK.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Ask an Expert
Can you lose more money than you invest eToro?
Clients of eToro in Australia, The UK, UAE and Europe will get negative balance protection meaning their balance cannot go into negative.
Does Eightcap have an app?
Eightcap don’t have their own in-house developed app but you can trade using MT4, MT5 and TradingView apps.
Why is eToro spread so high?
Most likely to cover the costs of providing copy trading service. Most copy trading software have a subscription fee, but eToro appears to include this fee in their spread instead.