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FlowBank vs Eightcap 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is FlowBank better than Eightcap? In our analysis of 23 international regulators across 39 of the best forex brokers, FlowBank is considered average-risk, with an overall Trust Score of 77 out of 99. Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.

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Overall RatingFlowBankEightcapIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score778799
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ReviewFlowBank ReviewEightcap ReviewIG Review
RegulationFlowBankEightcapIG
Trust Score778799
Year Founded202020091974
Publicly Traded (Listed)NoNoYes
BankYesNoYes
Tier-1 Licenses127
Tier-2 Licenses012
Tier-3 Licenses011
Authorised in European UnionNoYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)FlowBankEightcapIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)YesNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)FlowBankEightcapIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)FlowBankEightcapIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoYesNo
InvestmentsFlowBankEightcapIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)40860032619537
Forex Pairs (Total)5145100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).
CostFlowBankEightcapIG
Average Spread EUR/USD - StandardN/AN/A0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A0.760.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesYesYes
FundingFlowBankEightcapIG
Minimum Initial Deposit$0.00$100£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)NoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFlowBankEightcapIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsFlowBankEightcapIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)373033
Charting - Drawing Tools (Total)171520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingFlowBankEightcapIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies53033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesYesYes
ResearchFlowBankEightcapIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesNoYes
EducationFlowBankEightcapIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsFlowBankEightcapIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFlowBank ReviewEightcap ReviewIG Review
OverallFlowBankEightcapIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments5 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score778799
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ReviewFlowBank ReviewEightcap ReviewIG Review
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FlowBank vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FlowBank vs Eightcap.

Does FlowBank or Eightcap offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is FlowBank or Eightcap safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while FlowBank holds 1. Eightcap holds 1 global Tier-2 licenses, while FlowBank holds 0. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than FlowBank.

Which trading platform is better: FlowBank or Eightcap?

To compare the trading platforms of both FlowBank and Eightcap, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FlowBank and Eightcap offer MetaTrader 4 (MT4).FlowBank and Eightcap both offer copy trading.

How many forex pairs and CFDs are available to trade?

FlowBank provides traders 51 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, FlowBank offers traders access to 408600 CFDs while Eightcap has 326 available CFDs, a difference of 408274.

Can I trust FlowBank?

FlowBank operates a regulated Swiss bank, and is authorised by one tier-1 regulator (high trust): the Swiss Financial Market Supervisory Authority (FINMA).

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Is FlowBank good?

As a relative newcomer to the Swiss online brokerage scene, FlowBank already has a lot to offer its customers. FlowBank clients benefit from the advantages that come with holding a Swiss bank account, and its brokerage services provide access to more advertised symbols than any online broker that we’ve reviewed thus far.

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Overall winner: IG

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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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