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.
Founded in 2009, Eightcap is an online broker known for its strong regulatory standings, holding three Tier-1 licenses which are considered highly trusted by ForexBrokers.com. With a Trust Score of 85, Eightcap falls into the trusted category, ensuring users can rely on its services. Despite not being publicly traded or a bank, Eightcap’s regulatory framework positions it as a competitive choice for online trading needs.
Spreadex, which entered the market in 1999, also operates under a secure regulatory environment but holds just one Tier-1 license. This positions it with an average risk Trust Score of 71 according to ForexBrokers.com. While Spreadex is neither publicly traded nor a bank, those considering Spreadex should weigh its lower trust rating in relation to their individual trading priorities.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing online brokers Eightcap and Spreadex in terms of commissions and fees, there are some noticeable differences to consider. Eightcap offers two main account types, the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips, but when you add the commission of $3.50 per trade, the all-inclusive cost is approximately 0.76 pips. This is just below the industry average of 0.8 pips, but Eightcap still stands as a somewhat pricier option compared to the lowest-cost forex brokers.
On the other hand, Spreadex presents an average spread of 0.81 pips for the EUR/USD currency pair, with a spread as low as 0.6 pips available 60% of the time during January 2024. While this average spread is slightly higher than Eightcap's total costs, both brokers are relatively comparable in their fee structures for standard trading scenarios.
In terms of star ratings, both Eightcap and Spreadex score 4 out of 5 for their commissions and fees. With regard to their rankings, Eightcap is positioned at #26, and Spreadex closely follows at #27 out of 62 brokers, according to ForexBrokers.com. This indicates that both brokers provide competitive pricing, albeit with slight variations in spread and commission structures.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.0 | 0.81 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and Spreadex both provide access to forex trading through CFDs or spot contracts, but they vary significantly in their range of investments. Eightcap offers 736 tradeable symbols, including 56 forex pairs, providing a solid selection for traders interested in forex and cryptocurrency derivatives. However, it lacks the ability to trade actual cryptocurrencies and exchange-traded securities, which might limit options for some investors. Additionally, Eightcap stands out with its copy trading feature, which can be beneficial for those looking to mirror the decisions of more experienced traders. Despite these offerings, Eightcap receives a moderate 3.5 out of 5 stars for its range of investments and is ranked 40th out of 62 brokers by ForexBrokers.com.
Conversely, Spreadex showcases an impressive selection with 10,000 tradeable symbols, though it offers slightly fewer forex pairs than Eightcap, with 52 pairs available. Despite this minor limitation, Spreadex excels in the breadth of its investment options, as reflected in its 5-star rating for range of investments. Similar to Eightcap, Spreadex does not provide trading in actual cryptocurrencies or exchange-traded securities on U.S. or international exchanges. One notable difference is the absence of a copy trading feature, which may appeal less to those looking for pre-crafted trading strategies. Nonetheless, Spreadex’s comprehensive offerings place it in the 13th spot among 62 brokers in the range of investments category, indicating a superior position over Eightcap in terms of overall diversity in available investments.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 10000 |
| Forex Pairs (Total) | 56 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | 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 the trading platforms and tools of Eightcap and Spreadex, both brokers offer free virtual demo accounts that are great for new traders to practice without financial risk. Eightcap provides the well-known MetaTrader 4 and MetaTrader 5 platforms, available both as a Windows-based desktop download and as a web-based platform, making it versatile for different trading preferences. In contrast, Spreadex offers a proprietary platform that you can access via the web but lacks desktop software. Eightcap supports copy trading, a feature missing from Spreadex’s offerings, potentially giving Eightcap's users an edge in collaborative trading strategies.
Both brokers support trading directly from stock charts, with Eightcap offering 15 drawing tools for charting, compared to Spreadex's 11. Spreadex, however, provides a slightly wider range of eight columns for watch lists, one more than Eightcap. Despite these nuanced differences, both brokerages receive a 4-star rating for their trading tools. However, Eightcap is ranked #38 out of 62 brokers by ForexBrokers.com, while Spreadex trails at #46. Whether you prioritize advanced charting options or a proprietary trading experience, both brokers present solid choices for traders.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Eightcap and Spreadex for their mobile trading apps, both platforms offer convenient trading solutions for iPhone and Android users, alongside real-time price alerts for stocks and forex. Eightcap shines with its ability to sync watchlists between the mobile app and online accounts, providing seamless user experience and convenience, whereas Spreadex does not support this feature. Chartists will appreciate Eightcap’s extensive offering of technical studies, totaling 30, combined with the capability to auto-save drawings on charts—a feature Spreadex lacks.
In terms of charting, both brokers enable users to draw trendlines and view multiple time frames, allowing for versatile trading strategies on the go. However, Eightcap holds an edge with its superior charting tools and watchlist functions, contributing to its higher ranking at #38 for Mobile Trading Apps by ForexBrokers.com, in contrast to Spreadex’s ranking at #46. Both apps have earned a commendable four-star user rating, reflecting satisfaction among traders who prioritize mobile trading capabilities.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Eightcap and Spreadex provide their clients with daily market commentary to keep them informed of the latest market trends. However, when it comes to Forex news from top-tier sources, Spreadex takes the lead by offering news from renowned platforms such as Bloomberg and Reuters, while Eightcap does not provide such high-level news access. Both platforms support sentiment-based trading tools that offer insight into traders' positions across various instruments, helping to guide investment decisions.
Spreadex further distinguishes itself with its inclusion of technical analysis tools from Autochartist, a feature that Eightcap lacks. Neither broker offers tools from Trading Central or Acuity Trading, and both share a similar provision of an economic calendar to track global news events. Spreadex edges out Eightcap in research, earning a 4-star rating compared to Eightcap's 3.5 stars, and maintains a higher ranking on ForexBrokers.com, sitting at #31 in the Research category compared to Eightcap at #39 out of 62 brokers evaluated.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by Eightcap and Spreadex for beginner traders, both brokers provide a wealth of material to help newcomers understand forex and CFDs. Eightcap and Spreadex each offer over ten educational pieces, including articles, videos, and archived webinars, aimed at covering essential trading topics. While neither broker offers live monthly webinars, Eightcap provides an accessible archive of its past webinars, making it simple for learners to catch up on missed sessions. Spreadex, however, lacks this feature, potentially limiting access to this form of education for those who prefer learning through webinars.
Both brokers have made strides in accommodating beginner traders with at least ten educational videos dedicated specifically to this group. However, neither Eightcap nor Spreadex offers as much content targeted at advanced traders. Moreover, each platform includes a comprehensive investor dictionary with over 50 investing terms, which can be incredibly valuable for traders looking to expand their vocabulary. Despite some similarities, Spreadex slightly edges out Eightcap with a 4-star educational rating compared to Eightcap’s 3.5 stars. However, in broader industry rankings by ForexBrokers.com, Eightcap is placed in the 40th spot, slightly ahead of Spreadex’s 45th position, pointing to subtle differences in the perception of their educational services.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Eightcap is better than Spreadex. Eightcap finished with an overall rank of #38, while Spreadex finished with an overall rank of #39.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Both Eightcap and Spreadex do not provide the ability to buy actual (delivered) cryptocurrencies, but they offer options to trade cryptocurrency derivatives.
When comparing Eightcap and Spreadex, it's notable that while both platforms offer Visa, Mastercard, and bank wire options for deposits and withdrawals, Eightcap sets itself apart by providing PayPal and Skrill services, options that Spreadex does not offer, with neither supporting ACH or SEPA transfers.
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 | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
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| Regulation | Eightcap | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 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 (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 | No |
| Tier-2 Licenses (Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| 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 | Eightcap | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 10000 | |
| Forex Pairs (Total) | 56 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | 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 | Eightcap | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Eightcap | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | Spreadex | |
|---|---|---|---|
| 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 | Eightcap Review | Spreadex Review |
| Overall | Eightcap | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
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