IC Markets
Eightcap

Regulations and Licenses

Feature
IC Markets
Eightcap
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
SCB (Bahamas)

Brokerage

Feature
IC Markets
Eightcap
EUR/USD Avg. Raw Spread
0.02
0.06
GBP/USD Avg. Raw Spread
0.23
0.73
AUD/USD Avg. Raw Spread
0.17
0.27
EUR/USD Standard Spread
0.62
1.0
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
0.83
1.0
AUD/USD Avg. Standard Spread
0.77
1.2
Commissions (USD Base)
$3.50
$3.50
Minimum Deposit
$0
$250 (Raw)
$500 (Standard)
Swap Free Account
No Inactivity Fees
Funding Methods
15+
8+
No Funding Fees

Markets and Instruments

Feature
IC Markets
Eightcap
Currency Pairs
61+
40+
Cryptocurrency CFDs*
18+
250+
Index CFDs
16+
10+
Share CFDs
100+
400+
Commodities CFD
26+
4+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max. Leverage (Europe)
500:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
IC Markets
Eightcap
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

IC Markets
Eightcap
Our Rating
850
750
 

Our full comparison covers the 10 most important trading factors. Here are five key differences between IC Markets and Eightcap:

  • IC Markets offers lower standard account spreads starting from 0.6 pips, while Eightcap’s start from 1 pip.
  • Eightcap’s Raw Account provides superior spreads compared to IC Markets’ Raw Spread Account for certain currency pairs.
  • Both brokers charge the same commission on MetaTrader 4 and 5, but their rates differ for other base currencies.
  • IC Markets is more popular and has a better Trustpilot score, while Eightcap has fewer website visits and a slightly lower Trustpilot rating.
  • IC Markets is regulated in more regions, including ASIC, CySEC, and FSA, whereas Eightcap is regulated by ASIC and SCB.