Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
When choosing between Swissquote and Eightcap for online trading, it’s important to consider their regulatory credentials. Swissquote, established in 1996, is a publicly traded company and operates as a bank. With an impressive Trust Score of 99 out of 99 from ForexBrokers.com, Swissquote is considered highly trusted. It holds five Tier-1 licenses, the highest level of regulatory trust, and one Tier-2 license.
In contrast, Eightcap, founded in 2009, is not publicly traded and does not operate as a bank. Despite this, it has earned a Trust Score of 85, placing it in the trusted category. Eightcap holds three Tier-1 licenses, indicative of a strong regulatory standing, though it lacks Tier-2 licenses. This comparison makes it clear that Swissquote offers more security, especially for those who prioritize regulation in their trading decisions.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and Eightcap on commissions and fees, there are distinct differences worth noting. Swissquote, backed by its status as a Swiss banking conglomerate, charges a slight premium for its services. The costs for Swissquote vary across its entities, with the U.K. division offering lower trading costs compared to its Switzerland and Luxembourg branches. Notably, the U.K.’s Elite account warrants attention from active traders with a deposit of at least $10,000, offering lower spreads along with a $5 commission per round-turn trade. Swissquote's Standard account, featuring spreads starting at 1.3 pips, is less competitive compared to industry norms. Across its offerings, Swissquote received a 3.5-star rating for commissions and fees, ranking #52 out of 62 brokers.
In contrast, Eightcap provides a more favorable commission and fees structure with its two account types: the commission-based Raw account and the Standard account which charges only spreads. The Raw account is particularly attractive, with an average spread of 0.06 pips and an additional $3.50 commission per side. This results in an all-in cost of around 0.76 pips, which is competitive compared to the industry’s average. Eightcap has earned a commendable 4-star rating for its commission and fee structure, placing it at #26 among 62 evaluated brokers.
While Swissquote holds allure for those seeking the reliability of a Swiss banking institution, its fees are less competitive compared to those of Eightcap. Eightcap's pricing is more attractive for those prioritizing lower trading costs, making it a more budget-friendly choice among the two. As always, traders should consider their specific trading needs when assessing these options.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 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.
Swissquote and Eightcap both offer forex trading services where traders can engage in CFDs or spot contracts. When it comes to the total number of tradeable symbols, Eightcap offers a broader selection with 736 options compared to Swissquote's 472. Despite this, Swissquote provides a more extensive range of tradeable forex pairs—offering 80 pairs, while Eightcap provides 56. Notably, Swissquote allows its clients to invest in exchange-traded securities on both the U.S. and international exchanges, opening the door to popular stocks like Apple and Vodafone. Eightcap, however, does not provide access to exchange-traded securities, limiting investments to derivative products.
For those interested in cryptocurrency, Swissquote offers the ability to purchase both actual cryptocurrencies and their derivatives. Eightcap, in contrast, only provides the option to buy cryptocurrency derivatives. Both brokers support copy trading, allowing users to mimic successful strategies. Swissquote stands out with a higher rating of 5 stars for the range of investments compared to Eightcap's 3.5 stars, reflecting its broader offerings and favorable position in rankings by ForexBrokers.com, where Swissquote is positioned at #2 out of 62 brokers while Eightcap is placed at #40.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 736 |
| Forex Pairs (Total) | 80 | 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 the trading platforms and tools offered by Swissquote and Eightcap, both brokers provide traders with access to a variety of options. Swissquote stands out with its proprietary platform, providing users with unique features developed in-house, while Eightcap does not offer a proprietary platform. Both brokers support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring a familiar experience for traders. Additionally, traders can take advantage of simulated trading with free virtual demo accounts offered by both brokers for practice. For those who prefer using a desktop application, both brokers offer Windows-based download platforms, as well as web-based trading for on-the-go access via browser.
In terms of tools, Swissquote provides more flexibility with 75 drawing tools available for charting compared to Eightcap's 15. Both brokers offer copy trading capabilities, allowing users to replicate successful strategies, but neither offers DupliTrade or ZuluTrade services. Swissquote also allows more customization with 11 columns available for watch lists, compared to Eightcap’s 7. With a higher rating of 4.5 out of 5 stars by ForexBrokers.com, Swissquote surpasses Eightcap, which holds a 4-star rating. Moreover, Swissquote is ranked 11th out of 62 brokers by ForexBrokers.com for trading platforms and tools, whereas Eightcap is ranked 38th, highlighting Swissquote's edge in delivering comprehensive trading solutions.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and Eightcap both provide comprehensive mobile trading apps for iPhone and Android users, ensuring strong accessibility and convenience regardless of the device you use. Both platforms feature essential tools like stock or forex price alerts, 30 technical studies for charting, and the ability to draw trendlines and view multiple time frames. A notable difference appears with watchlist syncing: Eightcap supports syncing, allowing changes to be reflected across devices, while Swissquote currently does not offer this feature. Both apps allow users to create watchlists with real-time quotes, catering to real-time decision-making needs.
While both apps automatically save your chart drawings, there's a split in user satisfaction and ranking. Swissquote is rated higher at 4.5 out of 5 stars for mobile trading apps and ranks 10th among 62 brokers according to ForexBrokers.com. In contrast, Eightcap, with a rating of 4 stars, ranks 38th in the same category. These ratings suggest Swissquote as the preferred choice for users prioritizing a highly-rated mobile trading experience.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Swissquote and Eightcap both provide daily market commentary and economic calendars, helping traders stay updated with current events. However, when it comes to in-depth forex news from top-tier sources like Bloomberg and Reuters, Swissquote stands out by offering these services, unlike Eightcap. Swissquote also provides advanced technical analysis tools from Autochartist, while Eightcap does not. This gives Swissquote an edge for traders who value comprehensive market insights and advanced research tools.
In terms of sentiment-based trading tools and research ratings, Eightcap offers a useful feature by showing a ratio of long or short positions across currency pairs, which Swissquote lacks. Despite this, Swissquote still holds a higher overall research rating of 4 stars, compared to Eightcap’s 3.5 stars. Consequently, Swissquote ranks 16th out of 62 brokers for research quality, while Eightcap holds the 39th position. This indicates that while both brokers provide valuable resources, Swissquote may appeal more to those seeking a broader range of market research tools.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | 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 available to beginners at Swissquote and Eightcap, both brokers excel in offering essential forex and CFD learning materials, with a library of over ten articles, videos, and webinars. With Swissquote, learners gain additional advantages through monthly live webinars, which Eightcap does not offer. Both brokers provide a searchable archive of past webinars, aiding in learning at a convenient pace.
For video content, Swissquote stands out with extensive offerings. Beyond beginner-friendly tutorials, Swissquote provides over ten advanced videos for more experienced traders, a resource Eightcap lacks. Both platforms feature an investor dictionary with definitions of over 50 investing terms, enhancing the learning experience. In terms of educational quality, Swissquote receives a slightly higher rating of 4 stars compared to Eightcap's 3.5 stars. Additionally, Swissquote ranks 21st, while Eightcap is positioned 40th among 62 brokers evaluated by ForexBrokers.com in the education category, making Swissquote a more comprehensive choice for beginner traders seeking solid educational resources.
| Feature |
Swissquote
|
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 Swissquote is better than Eightcap. Swissquote finished with an overall rank of #11, while Eightcap finished with an overall rank of #38.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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While both Swissquote and Eightcap provide options for trading cryptocurrency derivatives, Swissquote distinguishes itself by allowing the purchase of actual delivered cryptocurrency, a feature that Eightcap does not offer.
When comparing Swissquote and Eightcap, both online brokers support PayPal, Skrill, Visa/Mastercard, and bank wire transfers for depositing and withdrawing account funds, but only Swissquote offers additional flexibility with ACH and 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 | Swissquote | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Eightcap Review |
| Broker Screenshots | Swissquote | Eightcap | |
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| Regulation | Swissquote | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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) | Swissquote | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 736 | |
| Forex Pairs (Total) | 80 | 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 | Swissquote | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 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 | Swissquote | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $1000 | $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 | Swissquote | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review | Eightcap Review |
| Overall | Swissquote | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Eightcap Review |
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