Is Eightcap better than Plus500? In our analysis of 23 international regulators across 50 brokers, Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Learn more about Trust Score.
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Plus500 vs Eightcap 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Plus500 | Eightcap |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 73 |
| Plus500 Review | Eightcap Review | |
| 72% of retail CFD accounts lose money |
Regulation
| Feature | Plus500 | Eightcap |
| Trust Score | 98 | 73 |
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Year Founded |
2008 | 2009 |
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Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
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Tier-1 Licenses |
3 | 2 |
|
Tier-2 Licenses |
4 | 1 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | Plus500 | Eightcap |
|
ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | Plus500 | Eightcap |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
Yes | Yes |
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CBI Authorised (Ireland) |
No | No |
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ISA Authorised (Israel) |
Yes | No |
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FMA Authorised (New Zealand) |
Yes | No |
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CBR Authorised (Russia) |
No | No |
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FSCA Authorised (South Africa) |
Yes | No |
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SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | Plus500 | Eightcap |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | Plus500 | Eightcap |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
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Tradeable Symbols (Total) |
1896 | 76 |
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Forex Pairs (Total) |
71 | 45 |
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US Stock Trading (Non CFD) |
Yes | No |
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Int'l Stock Trading (Non CFD) |
Yes | No |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | Yes |
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Social Trading / Copy-Trading |
No | Yes |
Cost
| Feature | Plus500 | Eightcap |
|
Average Spread EUR/USD - Standard |
0.6 (as of Aug 2018) | N/A |
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All-in Cost EUR/USD - Active |
N/A | 0.76 |
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Active Trader or VIP Discounts |
No | No |
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Execution: Agency Broker |
No | Yes |
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Execution: Market Maker |
Yes | Yes |
Funding
| Feature | Plus500 | Eightcap |
|
Minimum Deposit |
€100 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Plus500 | Eightcap |
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Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
No | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
No | Yes |
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MetaTrader 4 (MT4) |
No | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | Plus500 | Eightcap |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
9 | MetaTrader (Default) |
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Charting - Indicators / Studies (Total) |
110 | MetaTrader (Default) |
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Charting - Drawing Tools (Total) |
21 | MetaTrader (Default) |
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Charting - Trade From Chart |
No | Yes |
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Charting - Drawings Autosave |
No | Yes |
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Order Type - Trailing Stop |
Yes | No |
Mobile Trading
| Feature | Plus500 | Eightcap |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
110 | MetaTrader (Default) |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
Yes | Yes |
Research
| Feature | Plus500 | Eightcap |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
No | No |
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Weekly Webinars |
No | No |
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Autochartist |
No | No |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | No |
Education
| Feature | Plus500 | Eightcap |
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Has Education - Forex or CFDs |
No | Yes |
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Client Webinars |
No | No |
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Client Webinars (Archived) |
No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
No | No |
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Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | Plus500 | Eightcap |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | Plus500 | Eightcap |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 73 |
| Plus500 Review | Eightcap Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs Plus500.
Does Eightcap or Plus500 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, Plus500 offers better pricing overall for traders.
Is Eightcap or Plus500 safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Plus500 holds 3 global Tier-1 licenses, while Eightcap holds 2. Plus500 holds 4 global Tier-2 licenses, while Eightcap holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than Eightcap.
Which trading platform is better: Eightcap or Plus500?
To compare the trading platforms of both Eightcap and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Eightcap offers superior market research. Finally, we found Plus500 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. While Eightcap offers copy trading, Plus500 does not. Eightcap offers MetaTrader 4 (MT4), while Plus500 does not.
How many forex pairs and CFDs are available to trade?
Plus500 provides traders 71 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, Plus500 offers traders access to 1896 CFDs while Eightcap has 76 available CFDs, a difference of 1,820.
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), zero tier-2 regulators (average trust), and zero 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).
Can I trust Plus500?
Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by three tier-1 regulators (high trust), four tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).
Is Eightcap good?
With a small range of markets and no standout features across its research, education, platforms, and account offerings, Eightcap struggles to compete with the best forex brokers.
Is Plus500 good?
Plus500 is a trusted global brand that offers online traders an easy-to-use trading platform and a thorough selection of CFD instruments. However, Plus500 trails industry leaders in market research and advanced trading tools desired by active traders.
Overall winner: Plus500
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
