Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Spreadex, 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.
Eightcap vs. Spreadex: According to the ForexBrokers.com Trust Score, Eightcap scores 87/99 (Trusted; 80–89), while Spreadex scores 70/99 (Average risk; 70–79). Neither broker is publicly traded or a bank. Eightcap was founded in 2009, and Spreadex in 1999.
On regulation, Eightcap holds 3 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 1 Tier-2 license (trusted). Spreadex holds 1 Tier-1 license and no Tier-2 licenses. In simple terms, Eightcap has broader top-tier regulatory coverage than Spreadex.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing commissions and fees, Eightcap is generally the cheaper choice for active forex traders, especially if you open its Raw account. Eightcap’s Raw pricing shows an average spread of 0.06 pips, and after adding the $3.50 per-side commission, the total cost is about 0.76 pips. That puts it just below the industry average of 0.8 pips. Eightcap is rated 4.5 out of 5 stars for commissions and fees and ranks #20 out of 36 brokers in this category.
Spreadex is also competitive, but its pricing comes in a little higher on average. In January 2024, the broker’s average spread on EUR/USD was 0.81 pips, while its minimum spread was 0.6 pips and was reached 60% of the time during the month. Spreadex is rated 4 out of 5 stars for commissions and fees and is ranked #25 out of 36.
In simple terms, both brokers offer fairly low trading costs, but Eightcap has the edge on overall value for commissions and fees. Spreadex remains a reasonable option, though its average EUR/USD spread is slightly higher than Eightcap’s all-in cost.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Standard account | 1.0 | 0.81 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and Spreadex both let you trade forex as CFDs, and both also offer cryptocurrency CFDs. Neither broker gives you access to actual shares on U.S. or international exchanges, and neither supports copy trading or the purchase of delivered crypto. For forex traders, Eightcap lists 55 currency pairs, slightly more than Spreadex’s 52, which may matter if your focus is mainly on currency markets.
Where Spreadex pulls ahead is overall market choice. It offers about 10,000 tradable symbols, compared with Eightcap’s 803, giving it a much wider range of products to explore. That broader lineup is reflected in its Range of Investments rating too: Spreadex scores 5 stars and ranks #13 out of 36 brokers, while Eightcap scores 3.5 stars and ranks #29. In short, Eightcap is a solid option for forex-focused traders, but Spreadex is the stronger pick for anyone wanting more variety.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Eightcap and Spreadex both give traders a free demo account, a web-based platform, and the ability to trade straight from a price chart. Each broker also earns a 4-star rating for Trading Platforms and Tools from ForexBrokers.com, so both provide a solid starting point for everyday traders who want easy access to the markets. However, Eightcap stands out for traders who want more platform choice, since it offers both MetaTrader 4 and MetaTrader 5, plus a Windows desktop download platform.
Spreadex takes a different path by offering its own in-house trading platform, which Eightcap does not. It does not support MT4, MT5, or a Windows desktop download, and neither broker offers copy trading. In ForexBrokers.com's ranking for this category, Eightcap places higher at #31 out of 36 brokers, while Spreadex sits at #34, giving Eightcap a slight edge overall for trading platforms and tools.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 100 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and Spreadex both give traders mobile access through iPhone and Android apps, and each platform supports price alerts plus trendline drawing on charts. Both brokers also earn the same 4-star rating for mobile trading apps, so at a basic level they offer a similar experience for traders who want to manage positions on the go.
Where Eightcap stands out is in the details of its mobile charting and account syncing. Eightcap offers 100 technical studies, saves chart drawings automatically, and syncs watchlists between the app and the online account. Spreadex does not offer watchlist syncing, and its mobile charting tools are not listed with technical studies in this comparison. In ForexBrokers.com’s mobile trading apps category, Eightcap ranks #31 out of 36 brokers, while Spreadex ranks #33, giving Eightcap a slight edge overall.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 100 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Eightcap and Spreadex cover the basics well. Each broker offers daily market commentary, a sentiment tool that shows long and short positioning, and an economic calendar for tracking major global events. Eightcap also includes research from Acuity Trading, such as Signal Centre, while Spreadex stands out for offering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for technical and fundamental analysis.
Overall, Spreadex has the edge for research, with a 4-star rating and a #27 ranking out of 36 brokers from ForexBrokers.com, compared with Eightcap’s 3.5-star rating and #33 ranking. Neither broker offers Trading Central or TipRanks research, but Spreadex provides a broader mix of third-party market insight, making it the stronger choice for traders who want more in-depth research support.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn the basics, both Eightcap and Spreadex offer a good starting point, with each providing at least 10 beginner-focused trading videos. However, neither broker offers monthly live educational webinars, and neither has at least 10 advanced videos aimed at more experienced traders. In terms of forex or CFD learning materials specifically, both brokers fall short of the 10-piece minimum that would count as a fuller education library on those topics.
When it comes to overall education quality, Spreadex gets a slightly higher rating at 4 out of 5 stars, while Eightcap scores 3.5 stars. That said, Eightcap ranks a bit better in ForexBrokers.com’s Education category, placing 31st out of 36 brokers compared with Spreadex at 33rd. For new traders, the two are fairly close, but Spreadex has the edge in star rating, while Eightcap edges ahead in ranking.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Spreadex. Eightcap finished with an overall rank of #30, while Spreadex finished with an overall rank of #32.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 87 | 70 |
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Comparing online brokers Eightcap and Spreadex, neither supports buying actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
Eightcap vs Spreadex: both lack ACH/SEPA and offer bank wire transfers for deposits and withdrawals, but only Eightcap supports PayPal and Skrill; Visa/Mastercard availability is not specified for either.
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 | Eightcap | Spreadex | |
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| Trust Score | 87 | 70 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
| Broker Screenshots | Eightcap | Spreadex | |
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| Regulation | Eightcap | Spreadex | |
|---|---|---|---|
| Trust Score | 87 | 70 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | No |
| Tier-2 Licenses (Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Eightcap | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Eightcap | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Eightcap | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 100 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Eightcap | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Eightcap | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Eightcap Review | Spreadex Review |
| Overall | Eightcap | Spreadex | |
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| Trust Score | 87 | 70 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
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