Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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 comparing online brokers Trade Nation and Eightcap, investors will find both companies offer a trustworthy environment. Established in 2014, Trade Nation holds a Trust Score of 85 out of 99, signifying a "trusted" status according to ForexBrokers.com. Similarly, Eightcap, founded in 2009, also boasts a Trust Score of 85, marking it as equally reliable. Neither broker is publicly traded or functions as a bank.
Examining their regulatory licenses, Trade Nation holds two Tier-1 licenses, placing it in the highly trusted category, along with a Tier-2 license that further supports its credentials. Eightcap, meanwhile, holds three Tier-1 licenses but does not have any Tier-2 licenses. This strong Tier-1 presence means both brokers offer a secure platform for trading, making them appealing choices for investors seeking safety with their investments.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Trade Nation stands out with its competitive fixed-spread pricing on both its proprietary TN Trader platform and the widely-used MetaTrader platform. Unlike many brokers that offer variable pricing, Trade Nation maintains a stable spread as market prices fluctuate, providing an average cost with little need for further calculation. However, it is important to note that spreads can widen during the daily rollover period. For the EUR/USD pair, Trade Nation offers a fixed spread of 0.6 pips, increasing to a maximum of 1.4 pips during rollovers, settling at an average around 1 pip. This broker offers three account types, including a commission-based Raw Spread account on MetaTrader, a commission-free MetaTrader account, and the TN Trader account. The latter generally has the lowest all-in costs among the options.
Eightcap provides a different structure with two main account types, the commission-based Raw account and the spread-only Standard account. With an advertised average spread of 0.06 pips on its Raw account, the addition of a $3.50 per side commission results in an all-in trading cost of approximately 0.76 pips, positioning it just under the industry average of 0.8 pips. Though Eightcap is marginally more expensive compared to some of the lowest-cost forex brokers, it remains a competitive choice for traders seeking reasonable pricing structures.
When evaluating commissions and fees, Trade Nation receives a stellar rating of 5 stars and is ranked #7 out of 62 brokers by ForexBrokers.com. In comparison, Eightcap achieves a rating of 4 stars and is positioned at #26 in the same category. This comparison highlights Trade Nation's edge in offering more appealing fixed-spread pricing, making it a notable option for traders prioritizing cost-efficiency.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | 1.0 |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When choosing between Trade Nation and Eightcap for online trading, both brokers offer forex trading as CFDs, providing a flexible option for traders. Trade Nation offers a broader selection of tradeable symbols with 1,000 available, compared to Eightcap's 736. However, for forex enthusiasts, Eightcap edges out with 56 tradeable forex pairs, while Trade Nation offers 46. Both brokers do not provide direct access to buy exchange-traded securities on U.S. or international exchanges, indicating their focus remains on derivative and CFD-based trades. Additionally, neither platform supports the purchase of actual cryptocurrencies, but both offer the option to trade cryptocurrency derivatives.
For those interested in social trading, both Trade Nation and Eightcap offer copy trading features. In terms of ratings, both brokers score 3.5 stars for their range of investments. According to ForexBrokers.com, Trade Nation is ranked 38th, while Eightcap follows closely at 40th out of 62 brokers in this category. Given these insights, your choice may depend on the number of tradeable symbols you prioritize and whether the specific forex pairs align with your trading strategy.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 736 |
| Forex Pairs (Total) | 46 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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 Trade Nation and Eightcap, both online brokers provide a range of appealing trading platforms and tools. Trade Nation stands out with its proprietary platform, offering a unique, in-house developed experience that complements their Windows-based and web-based platforms. Both brokers support MetaTrader 4 (MT4), providing traders with a familiar interface, but only Eightcap expands its offerings to include MetaTrader 5 (MT5). Each broker allows simulated trading through free virtual demo accounts, making it easier for newcomers to practice without financial risk. Copy trading is available with both, enhancing the options for traders to engage in collective trading strategies.
In terms of charting tools, Trade Nation offers an impressive 39 drawing tools compared to Eightcap's 15, although Eightcap allows trading directly from a stock chart, a feature not available with Trade Nation. Watch list functionality in both platforms provides a detailed view but differs in capacity, with Trade Nation offering double the columns compared to Eightcap. Both brokers achieve a commendable four-star rating for trading platforms and tools. Despite this, Eightcap ranks slightly higher globally at 38th, while Trade Nation is positioned at 44th out of 62 brokers evaluated by ForexBrokers.com, indicating competitive standing in services offered.
| Feature |
Trade Nation
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trade Nation and Eightcap provide their users with convenient mobile trading through apps available on iPhone and Android devices. These apps facilitate active trading by offering stock and forex price alerts and the unique feature of watchlist symbol syncing, which allows the users' watchlists on mobile apps to align seamlessly with their online accounts. This means any updates made on either platform will be synchronized effectively. The ability to draw trendlines and view different time frames, such as daily, weekly, or intraday, is supported on both apps. Additionally, they both offer real-time quote watchlists and automatically save drawings on charts, ensuring that traders can easily keep track of their activities.
Trade Nation distinguishes itself by offering a more extensive selection of 99 technical studies for charting, compared to Eightcap's 30. Despite this advantage, both platforms have been rated 4 out of 5 stars for their mobile trading applications by users, indicating a favorable reception overall. In rankings by ForexBrokers.com, however, Eightcap edged ahead, securing the 38th spot compared to Trade Nation's 45th place out of 62 brokers. While both apps are user-friendly and highly functional, the extra technical features provided by Trade Nation may appeal to those who require a wider range of analytical tools. Meanwhile, Eightcap remains a solid choice, particularly for traders who value industry recognition.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 99 | 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.
When comparing the market research offerings of Trade Nation and Eightcap, both brokers provide daily market commentary, catering to traders who value regular insights. Additionally, Trade Nation stands out with forex news from top-tier sources such as Bloomberg and Reuters, which Eightcap does not offer. Both brokers supply sentiment-based trading tools, offering traders valuable insights into market positioning. However, neither Trade Nation nor Eightcap provides analysis tools from companies like Autochartist or Trading Central, nor do they offer market research from TipRanks.
Trade Nation gains an advantage with tools from Acuity Trading, ensuring clients have access to services such as the Signal Centre, whereas Eightcap does not offer these features. On the other hand, Eightcap provides a comprehensive economic calendar, keeping traders informed of upcoming global news events, a resource missing in Trade Nation's suite. Both brokers achieve a rating of 3.5 stars for research, though Eightcap slightly edges out Trade Nation in rankings by ForexBrokers.com, sitting at number 39 compared to Trade Nation's 42.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, both Trade Nation and Eightcap offer a comprehensive selection of more than 10 educational pieces, such as articles and videos focusing on forex and CFDs. They also provide over 10 beginner-friendly videos on trading topics, making it easier for newcomers to grasp complex concepts. Moreover, both platforms include an investor dictionary with definitions of at least 50 investing terms, which is useful for those new to trading. However, neither platform hosts regular online educational webinars, which might limit real-time interactive learning opportunities.
A deeper dive into the educational offerings reveals that Trade Nation excels with advanced educational videos, catering to seasoned traders alongside beginners—a feature Eightcap lacks. Conversely, Eightcap provides a searchable archive of recorded webinars, allowing users to revisit past sessions at their convenience, whereas Trade Nation does not. Both brokers garnered an equal education rating of 3.5 stars and hold close rankings in the education category by ForexBrokers.com, with Eightcap slightly ahead at #40, compared to Trade Nation's #41 out of 62 brokers. This suggests a similar educational value with subtle differences that could sway preferences depending on individual needs.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Trade Nation is better than Eightcap. Trade Nation finished with an overall rank of #34, while Eightcap finished with an overall rank of #38.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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Eightcap
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| Overall Rating |
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| Trust Score | 85 | 85 |
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When comparing online brokers Trade Nation and Eightcap, neither offers the ability to purchase actual delivered cryptocurrency, however, both provide options for trading cryptocurrency derivatives.
When comparing online brokers Trade Nation and Eightcap, both do not support ACH or SEPA transfers, while Eightcap uniquely offers PayPal; both support Skrill, Visa, Mastercard, and bank wire options for deposit or withdrawal of account funds.
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 | Trade Nation | Eightcap | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Eightcap Review |
| Broker Screenshots | Trade Nation | Eightcap | |
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| Regulation | Trade Nation | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 736 | |
| Forex Pairs (Total) | 46 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | Trade Nation | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | Eightcap Review |
| Overall | Trade Nation | Eightcap | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Eightcap Review |
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