Written by ForexBrokers.com
In this head to head comparison of Admirals 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.
Admirals, established in 2001, and Eightcap, founded in 2009, are both well-regarded online brokers, though neither is publicly traded or operates as a bank. Admirals stands out with a Trust Score of 93, reflecting its high level of reliability as per ForexBrokers.com's rating system. This broker holds four Tier-1 licenses, indicating strong trustworthiness, along with three Tier-2 licenses.
In comparison, Eightcap holds a Trust Score of 85, positioning it as a trusted broker. It maintains three Tier-1 licenses but does not have any Tier-2 licenses. While both brokers demonstrate credibility, Admirals' higher number of licenses and Trust Score suggest a stronger commitment to regulatory adherence.
| Feature |
Admirals
|
Eightcap
|
|---|---|---|
| Year Founded | 2001 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Admirals delivers competitive pricing with typical spreads of 0.8 pips on its Trade account, and similar pricing is available on the Zero account type. With a rating of 4.5 out of 5 stars in the Commissions and Fees category, Admirals is well-regarded for its cost structure. Industry experts at ForexBrokers.com have ranked Admirals #17 out of 63 brokers, underscoring its strong position in the market.
In comparison, Eightcap offers two account types — the Raw account with a commission-based structure and the Standard account with spread-only pricing. The Raw account lists an average spread of 0.06 pips, but when combined with a per-side commission of $3.50 per trade, the total cost averages approximately 0.76 pips. This is slightly under the industry average of 0.8 pips, but Eightcap remains a bit pricier than the most affordable forex brokers available.
Rated 4 stars out of 5 for its commissions and fees, Eightcap holds a respectable position but not quite as high as Admirals. ForexBrokers.com ranks Eightcap #26 out of 63 brokers, highlighting its solid yet slightly less competitive pricing structure compared to Admirals.
| Feature |
Admirals
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 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.
Choosing an online broker involves evaluating their range of investments, and two popular brokerages, Admirals and Eightcap, offer varied options to suit different trading preferences. Admirals presents an expansive selection with 8,702 tradeable symbols, including 82 forex pairs and access to exchange-traded securities, allowing clients to purchase shares from both U.S. and international markets, such as Apple and Vodafone. In comparison, Eightcap offers a more modest range of 800 tradeable symbols and 56 forex pairs, and unlike Admirals, it does not offer direct purchases of exchange-traded securities; hence, clients cannot directly buy shares on U.S. or international exchanges.
Both brokers provide forex trading via CFDs or spot contracts and support copy trading. However, when it comes to cryptocurrency investments, neither allows the purchase of actual cryptocurrencies, yet both provide access to cryptocurrency derivatives. Admirals stood out with a higher rating for its range of investments, achieving 4.5 stars and ranking 19th out of 63 brokers on ForexBrokers.com, while Eightcap earned 3.5 stars and ranked 40th. This comparison highlights Admirals as the more versatile choice for those seeking a broader investment range, including direct access to global stock markets.
| Feature |
Admirals
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 800 |
| Forex Pairs (Total) | 82 | 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) | 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.
Both Admirals and Eightcap provide ample options for traders seeking a flexible trading experience, offering a free virtual demo account to help beginners and seasoned traders alike practice and refine their strategies in a risk-free environment. When it comes to downloadable platforms, both brokers support Windows-based desktop downloads, along with web-based trading platforms for real-time online access. However, unlike Eightcap, Admirals also offers its proprietary platform, giving traders an exclusive trading experience with potentially unique features not available on traditional platforms. Admirals and Eightcap both support popular platforms like MetaTrader 4 and MetaTrader 5, along with offering copy trading capabilities, making them appealing to traders interested in following and mimicking the trades of others.
When comparing trading tools, Admirals stands out with over 100 drawing tools available for charting, significantly more than the 15 offered by Eightcap. Both brokers allow trading directly from stock charts, contributing to a smoother trading experience. They also offer a similar number of columns for watching lists, providing seven fields for customization. Admirals is ranked higher by ForexBrokers.com, placed at #19 compared to Eightcap's #38 in the Trading Platforms and Tools category, although both share a solid four-star rating. Ultimately, while both platforms are commendable, Admirals might have an edge for those who prioritize a tailored trading platform and more comprehensive charting options.
| Feature |
Admirals
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Admirals and Eightcap both offer versatile mobile trading apps for iPhone and Android users, catering to traders who need convenient access to forex and stock markets. Both platforms provide essential tools such as price alerts, trendline drawing, and the ability to sift through various time frames on charts, making them attractive to investors looking to stay informed and make swift decisions. Admirals and Eightcap also offer 30 technical studies for charting, enhancing analytical depth for users. Additionally, both apps automatically save drawings, and allow the creation of watchlists with real-time quotes, enabling traders to tailor their experience.
However, when it comes to watchlist symbol syncing, only Eightcap allows watchlists in its mobile app to sync with online accounts. This feature can be crucial for traders who want seamless continuity between different devices. Admirals edges slightly higher in the rankings for mobile trading apps, standing at 23rd out of 63 brokers according to ForexBrokers.com, compared to Eightcap's 38th. Both apps earn a solid four-star rating from users, reflecting a generally positive reception, although those prioritizing integration and synchronization might lean towards Eightcap for its connective features.
| Feature |
Admirals
|
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.
When diving into the market research features of Admirals and Eightcap, both platforms offer daily market commentary and economic calendars, helping traders stay informed with the latest events. Admirals takes a step further in delivering insights, providing forex news from reputable sources like Bloomberg and Reuters, unlike Eightcap. Admirals also stands out by offering advanced tools such as Trading Central and research from TipRanks and Acuity Trading, valuable resources that Eightcap does not provide.
In terms of sentiment analysis tools, both Admirals and Eightcap equip traders with tools that show the ratio of long or short positions. However, Admirals garners a higher rating with 4 stars for research, compared to Eightcap's 3.5 stars, showcasing its richer features. Moreover, Admirals ranks #15 in the Research category on ForexBrokers.com, significantly outperforming Eightcap’s position at #39. This makes Admirals a more comprehensive choice for traders seeking in-depth market research and analysis.
| Feature |
Admirals
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Admirals and Eightcap both provide a wide range of materials to help learners get started with forex and CFD trading. Admirals offers plenty of educational content, including more than 10 articles, videos, and archived webinars focused on forex and CFDs. Eightcap also meets this standard, offering a similar quantity of resources covering these topics. Both brokers provide a searchable archive of past webinars, which can be a helpful tool for traders looking to revisit specific topics. However, Admirals further distinguishes itself by offering regular monthly webinars, a feature that Eightcap does not currently provide.
For those seeking educational videos specifically tailored to beginners, Admirals and Eightcap are evenly matched, each offering at least 10 videos designed to introduce novice traders to the trading world. When it comes to more advanced content, Admirals extends its support by providing a selection of videos aimed at experienced traders, a service not equally matched by Eightcap. Both brokers also feature an investor dictionary, providing clear definitions of over 50 investing terms, which can be invaluable for learning industry lingo. Admirals holds a higher education rating of 4 stars compared to Eightcap's 3.5 stars; they're ranked #12 and #40, respectively, by ForexBrokers.com among 63 brokers, showcasing Admirals' superior educational offerings.
| Feature |
Admirals
|
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 63 of the best forex brokers, our research and account testing finds that Admirals is better than Eightcap. Admirals finished with an overall rank of #18, while Eightcap finished with an overall rank of #38.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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Eightcap
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| Trust Score | 93 | 85 |
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Both Admirals and Eightcap provide the option to trade cryptocurrency derivatives, but neither offers the ability to purchase actual (delivered) cryptocurrency.
Admirals and Eightcap both support PayPal, Skrill, Visa/Mastercard, and bank wires for depositing and withdrawing account funds, but only Admirals offers ACH and SEPA transfers as an additional option.
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 | Admirals | Eightcap | |
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| Trust Score | 93 | 85 | |
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| Review | Admirals Review | Eightcap Review |
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| Regulation | Admirals | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2001 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Admirals | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | Admirals | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | 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) | Yes | No |
| Investments | Admirals | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 800 | |
| Forex Pairs (Total) | 82 | 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) | 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 | Admirals | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | Admirals | 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 | Admirals | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | 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 | Admirals | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | 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 | Admirals | 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 | Admirals Review | Eightcap Review |
| Overall | Admirals | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | Admirals Review | Eightcap Review |
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