Written by ForexBrokers.com
In this head to head comparison of eToro vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2007, eToro stands out with its impressive Trust Score of 93, reflecting its status as a highly trusted online broker. The company secures this respect through its three Tier-1 licenses and one Tier-2 license, which underscore its commitment to providing a secure trading environment. While eToro is neither a publicly traded entity nor a bank, its track record in regulatory compliance and trust assurance offers confidence to traders seeking a reliable platform.
Established in 2009, Eightcap maintains a Trust Score of 85, placing it in the trusted category. It holds three Tier-1 licenses, which show its dedication to safety and reliability in the financial market. Like eToro, Eightcap does not trade publicly on any stock exchange and does not function as a bank. Although it lacks Tier-2 licenses, its solid Trust Score and regulatory framework make it a viable choice for traders prioritizing security and trust.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing eToro and Eightcap in terms of commissions and fees, there are notable differences to consider. eToro, a market-maker broker, offers a typical variable spread of 1 pip on the EUR/USD pair, which is slightly above the industry average. Although eToro's spread rates are not the main attraction for retail traders, the platform's appeal lies in its social copy trading features. For traders looking to maximize benefits, eToro provides a VIP club with five membership levels ranging from Silver to Diamond, offering perks like access to Trading Central, reduced withdrawal and deposit fees, and personalized account management.
Eightcap, on the other hand, offers two account types: the commission-based Raw account and the spread-only Standard account. With the Raw account, traders experience an average spread of 0.06 pips but must factor in a per-side commission of $3.50 per trade. This results in an all-in cost of approximately 0.76 pips, just below the industry average of 0.8 pips. While Eightcap is slightly more expensive than the lowest-cost forex brokers, it still provides competitive rates.
In terms of ratings, eToro garners a commendable 4.5 stars out of 5 for commissions and fees, earning a rank of #22 out of 62 brokers, according to ForexBrokers.com. Eightcap follows closely with a rating of 4 stars and a rank of #26 in the same category, reflecting its strong but slightly less competitive pricing structure compared to eToro.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and Eightcap both offer a diverse range of investment options, but they cater to different investor preferences. With 5,461 tradeable symbols, eToro stands out for its extensive selection of assets, including exchange-traded securities on both U.S. and international exchanges. This means you can directly purchase shares of companies like Apple and Vodafone through eToro, unlike Eightcap, which does not provide direct access to exchange-traded securities. Both platforms offer forex trading as a CFD or spot contract, with Eightcap slightly edging out eToro in the number of tradeable forex pairs, offering 56 compared to eToro's 55. Additionally, eToro supports the purchase of actual cryptocurrencies, while Eightcap only offers derivatives.
Beyond traditional investments, both eToro and Eightcap provide the option of copy trading, enabling users to replicate the trades of successful investors. According to ForexBrokers.com, eToro earns a superior rating of five stars for its range of investments and is ranked #10 out of 62 brokers in this category. Meanwhile, Eightcap holds 3.5 stars and ranks #40, reflecting its narrower array of tradeable options. For traders seeking a broader scope of investments and the ability to invest in physical shares and cryptocurrencies, eToro offers a more comprehensive solution than Eightcap.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 736 |
| Forex Pairs (Total) | 55 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing eToro and Eightcap for trading platforms and tools, both brokers offer simulated trading with free demo accounts, which makes it easy for users to practice without financial risk. eToro provides a proprietary platform developed in-house, while Eightcap relies on the popular MetaTrader 4 and MetaTrader 5, appealing to traders who prefer these established platforms. While eToro focuses on a web-based platform, Eightcap offers both web-based and Windows-based desktop platforms, catering to those who prefer working on a desktop. Copy trading is available on both platforms, but neither supports DupliTrade or ZuluTrade. For charting, eToro provides a significantly higher number of drawing tools, with 161 options compared to Eightcap's 15, though Eightcap allows users to trade directly from stock charts, an option not available with eToro.
In terms of watch list customization, eToro provides six columns while Eightcap offers seven, adding a bit more flexibility for users to manage their lists. eToro is highly rated for its trading platforms and tools, scoring 4.5 stars and ranking 8th out of 62 brokers by ForexBrokers.com, in part due to its proprietary platform and extensive drawing tools. Eightcap, on the other hand, holds a 4-star rating and is ranked 38th, reflecting its comprehensive support for MetaTrader platforms but fewer unique trading tools when compared to eToro.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and Eightcap both provide accessible mobile trading apps for iPhone and Android users, catering to traders who are constantly on the move. Both platforms allow users to receive stock and forex price alerts and maintain synchronized watchlists across devices, ensuring that changes made on the mobile app are reflected in the user's online account. For those interested in technical analysis, eToro stands out by offering an impressive 104 technical studies, while Eightcap offers 30. However, Eightcap allows more flexibility in chart customization, enabling users to draw trendlines and automatically save chart drawings, features that eToro does not offer.
While both apps support viewing multiple time frames and creating watchlists with real-time quotes, eToro has a slight edge in user satisfaction. It is rated 4.5 stars for mobile trading apps compared to Eightcap's 4 stars, according to user reviews. Additionally, eToro holds a higher ranking in ForexBrokers.com's Mobile Trading Apps category, positioned at #11 out of 62 brokers, compared to Eightcap's #38 ranking. This indicates that for those prioritizing technical features and user satisfaction, eToro might be the preferred choice, while Eightcap offers solid charting customization options.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing eToro and Eightcap in terms of market research, both platforms provide daily market commentary and include useful tools like an economic calendar to keep traders informed about global news and events. However, eToro stands out with its additional market research support through TipRanks and the inclusion of Trading Central's technical analytics, features not available with Eightcap. Both platforms provide sentiment-based trading tools to help users gauge market positions, but neither offers research tools from Autochartist or Acuity Trading.
eToro's more comprehensive research offerings are reflected in its higher research rating of 4.5 out of 5 stars compared to Eightcap's 3.5 stars. This differentiation is further emphasized by eToro's stronger ranking of #13 in the research category on ForexBrokers.com, in contrast to Eightcap's ranking at #39. This makes eToro a more appealing option for traders who prioritize advanced research tools and insights in their trading strategy.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro and Eightcap both provide valuable content to get new traders acquainted with forex and CFDs. Each broker offers more than ten educational pieces that include articles, videos, and archived webinars focused on these subjects. Additionally, both platforms have searchable archives of past webinars, allowing users to revisit and learn at their own pace. For those looking for beginner-friendly trading videos, eToro and Eightcap cater to novices by offering more than ten videos specifically designed to build foundational knowledge.
However, eToro pulls ahead by providing a monthly schedule of live webinars, giving their clients ongoing opportunities to deepen their understanding interactively. eToro also caters to more experienced traders by offering a collection of advanced educational videos, whereas Eightcap does not. Both platforms include a handy investor dictionary with definitions of over 50 investing terms. In overall educational rankings, eToro is rated 4.5 stars and ranks 5th out of 62 brokers, while Eightcap receives 3.5 stars and ranks 40th, positioning eToro as a leading choice for comprehensive educational support.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than Eightcap. eToro finished with an overall rank of #9, while Eightcap finished with an overall rank of #38.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 85 |
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While both eToro and Eightcap provide the option to trade cryptocurrency derivatives, eToro distinguishes itself by also offering the ability to purchase actual (delivered) cryptocurrency, a feature not available with Eightcap.
eToro provides a wider range of deposit and withdrawal options compared to Eightcap, as it supports ACH and SEPA transfers, alongside PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Eightcap offers PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer capabilities.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | eToro | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Eightcap Review |
| Broker Screenshots | eToro | Eightcap | |
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| Regulation | eToro | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 736 | |
| Forex Pairs (Total) | 55 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Eightcap | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | Eightcap Review |
| Overall | eToro | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Eightcap Review |
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