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 deciding between Swissquote and Eightcap for online brokerage services, it’s important to consider their regulatory standing and trust ratings. Founded in 1996, Swissquote stands out as a paragon of stability and trust with an impressive Trust Score of 99 out of 99 from ForexBrokers.com. As a publicly traded entity and a bank, Swissquote garners high confidence with five Tier-1 and two Tier-2 licenses, reflecting its commitment to rigorous regulatory standards.
On the other hand, Eightcap, which started operating in 2009, holds a respectable Trust Score of 85. Although it is not publicly traded nor a bank, Eightcap secures three Tier-1 licenses, showcasing a solid regulatory framework despite the absence of Tier-2 licenses. While Swissquote may offer more inherent trust factors and regulatory assurances, Eightcap provides a competitive, trustworthy alternative for traders looking for a less traditional institution.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 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 of Swissquote and Eightcap, both brokers cater well to traders with their offerings, but there are distinct differences. Swissquote provides its traders with a proprietary platform, which gives it a unique edge as users can enjoy a tailored interface crafted by the company itself. Eightcap, while not offering a proprietary platform, does accommodate traders with popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) that are also available at Swissquote. Both brokers offer web-based platforms, desktop downloads for Windows, and enable copy trading, making them versatile choices for various trading strategies. Additionally, both offer free virtual demo accounts, allowing traders to hone their skills in a risk-free environment. Despite these similarities, Swissquote excels with a higher number of drawing tools, offering 75 compared to Eightcap’s 15, enhancing chart analysis capabilities for detailed trading strategies.
In terms of usability and customization, Swissquote provides 11 columns for watch lists, offering more depth compared to the seven columns available at Eightcap. Both brokers allow trading directly from stock charts, offering a seamless trading experience. When evaluated for trading platforms and tools, Swissquote receives an impressive 4.5-star rating whereas Eightcap follows closely with 4 stars. According to ForexBrokers.com, Swissquote ranks 12th out of 62 brokers, a testament to its comprehensive platform features and tools, while Eightcap is ranked 38th. These factors highlight Swissquote as the slightly more superior choice for traders seeking enhanced charting tools and greater customization in their trading experience.
| 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 offer powerful mobile trading experiences accessible on iPhone and Android devices. Each provides essential features such as real-time price alerts, the ability to draw trendlines, and the viewing of multiple time frames on stock or forex charts. Users of both apps can enjoy creating watchlists with live quotes, and their chart annotations are auto-saved, enhancing the trading experience. Notably, both platforms also include a comprehensive collection of 30 technical studies to aid in chart analysis.
However, when it comes to seamlessly syncing watchlists across devices, Eightcap has an advantage over Swissquote, offering this feature while Swissquote does not. Despite this, Swissquote achieves a higher ranking and user rating, boasting 4.5 stars and ranking 11th out of 62 brokers for mobile trading apps on ForexBrokers.com. In comparison, Eightcap garners a 4-star rating and is ranked 38th in the same category. These differences might tip the scale toward Swissquote for traders seeking a highly-rated app with comprehensive features.
| 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 |
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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 | 2 | 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) | Yes | 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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