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 it comes to trading platforms and tools, both Trade Nation and Eightcap live up to expectations by offering free virtual demo accounts, ensuring a practical and risk-free start for new traders. Trade Nation stands out with its own proprietary platform, catered specifically to its customer base, alongside the versatile MetaTrader 4 platform. Eightcap, although lacking a proprietary platform, compensates with a broader offering that includes both MetaTrader 4 and the more advanced MetaTrader 5. The two brokers provide downloadable platforms for Windows and accessible web-based trading, giving users flexibility in their trading approach.
Copy trading is available through both brokers, while charting capabilities showcase some differences. Eightcap has fewer drawing tools compared to Trade Nation's 39, but makes up for it with the ability to trade directly from stock charts, a feature not offered by Trade Nation. When it comes to organizing watch lists, Trade Nation offers more columns, potentially making it easier to keep track of investments. Despite these differences, both brokers enjoy a solid rating of 4 stars for their trading platforms and tools, with Eightcap ranked slightly higher at #38 compared to Trade Nation's #45, out of 62 brokers as assessed by ForexBrokers.com.
| 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) | 99 | 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 Trade Nation and Eightcap in terms of market research for online trading, each platform offers distinct features that cater to different trader needs. Trade Nation excels by providing forex news sourced from top-tier platforms like Bloomberg and Reuters, ensuring traders have access to high-quality information. Additionally, the platform offers a sentiment-based trading tool, allowing users to view ratios of long or short positions across instruments, as well as research tools from Acuity Trading, such as Signal Centre. However, Trade Nation lacks an economic calendar and daily market commentary, which might be limiting for those who rely heavily on such resources.
Conversely, Eightcap delivers daily market commentary and a comprehensive economic calendar, granting traders insights into ongoing and upcoming global economic events. This enables users to make informed decisions based on the latest market shifts. Similar to Trade Nation, Eightcap also provides a sentiment-based trading tool but does not offer forex news from top-tier sources. Both brokers received a 3.5-star rating for research, but Eightcap ranks slightly higher at 39th place compared to Trade Nation's ranking of 42nd among 62 brokers by ForexBrokers.com. This ranking suggests both platforms provide reasonable research capabilities but may not satisfy those seeking the utmost breadth in research tools and commentary.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | No | 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.
Trade Nation and Eightcap both offer a variety of educational resources for beginners eager to learn about forex and CFDs trading. Each broker provides more than 10 educational pieces like articles and videos to help newcomers understand the basics of trading. Where they differ is in their accessibility to past learning materials—Eightcap offers a searchable archive of recorded webinars, which can be a useful tool for individuals who prefer learning at their own pace. Meanwhile, Trade Nation lacks this feature.
For beginner-friendly videos, both Trade Nation and Eightcap shine by offering a collection of more than 10 films dedicated to introducing trading concepts to those who are just starting. However, neither broker provides an extensive selection of advanced videos for experienced traders. Additionally, Eightcap offers an investor dictionary with over 50 investing terms, which enhances its educational resources. Despite these differences, both brokers are similarly rated with 3.5 stars for education and are close in rank, with Trade Nation being placed 42nd and Eightcap taking the 40th spot out of 62 brokers by ForexBrokers.com in education.
| 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 | No | No |
| Investor Dictionary (Glossary) | No | 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) | 99 | 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 | No | 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 | No | No | |
| Investor Dictionary (Glossary) | No | 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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