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 the commissions and fees of Eightcap and Spreadex, both brokers offer appealing options depending on your trading needs. Eightcap provides two account types, the Raw account for commission-based trading and the Standard account for spread-only trading. For those choosing the Raw account, the average spread is a tight 0.06 pips. However, this jumps to an all-in cost of about 0.76 pips once the $3.50 commission per trade is factored in, slightly undercutting the industry average of 0.8 pips. Despite this, Eightcap is still considered somewhat pricier than the most affordable forex brokers in the market.
On the other hand, Spreadex boasts an average spread of 0.81 pips for EUR/USD as of January 2024, with a minimum spread of 0.6 pips available 60% of the time. This makes Spreadex competitive in terms of spreads despite being marginally more expensive than Eightcap when looking at the numbers. Both brokers thus have their strengths depending on whether one prioritizes lower generalized spreads or a more complex commission structure.
In terms of rankings and ratings, both Eightcap and Spreadex have garnered a commendable 4-star rating for commissions and fees, indicating a similar level of user satisfaction in this area. However, Eightcap holds a slight edge in ranking at #26 out of 62 brokers according to ForexBrokers.com, while Spreadex stands at #30. This suggests that while both brokers offer competitive fees, Eightcap might be slightly favored among industry experts.
| 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.
Eightcap and Spreadex both offer mobile apps for iPhone and Android users, ensuring traders can access their accounts on the go. Both platforms provide essential features like stock and forex price alerts and the ability to draw trendlines on charts. However, Eightcap takes the lead with advanced charting capabilities, offering 30 technical studies, while Spreadex does not specify a similar feature. Eightcap also excels in watchlist symbol syncing, enabling seamless management across mobile and online accounts, a feature Spreadex lacks. Additionally, Eightcap's app auto-saves chart drawings, providing convenience for traders who like to maintain historical data, whereas Spreadex does not offer this capability.
When it comes to viewing different time frames on charts, both apps are user-friendly, allowing options such as daily, weekly, or intraday views. Investors can also create watchlists with real-time quotes on both platforms. Despite both brokers having a four-star rating for their mobile apps, Eightcap ranks higher at 38th place compared to Spreadex's 49th in a review of 62 brokers by ForexBrokers.com. This higher ranking suggests more appreciated usability and features within Eightcap's mobile trading experience.
| 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 |
| Broker Screenshots | Eightcap | Spreadex | |
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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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