Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Spreadex, 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.
Eightcap vs. Spreadex: According to the ForexBrokers.com Trust Score, Eightcap scores 87/99 (Trusted; 80–89), while Spreadex scores 70/99 (Average risk; 70–79). Neither broker is publicly traded or a bank. Eightcap was founded in 2009, and Spreadex in 1999.
On regulation, Eightcap holds 3 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 1 Tier-2 license (trusted). Spreadex holds 1 Tier-1 license and no Tier-2 licenses. In simple terms, Eightcap has broader top-tier regulatory coverage than Spreadex.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing commissions and fees, Eightcap has a slight edge over Spreadex for most cost-focused traders. Eightcap offers two account types: the commission-based Raw account and the spread-only Standard account. On the Raw account, the average spread is 0.06 pips, and after adding the $3.50 per-side commission, the total cost comes to about 0.76 pips. That puts it just below the industry average of 0.8 pips, although it is still a bit pricier than the very cheapest forex brokers. Eightcap earns a 4.5-star rating and ranks #20 out of 36 brokers for commissions and fees.
Spreadex is slightly more expensive on this measure, with an average EUR/USD spread of 0.81 pips in January 2024. Its minimum spread was 0.6 pips and was available 60% of the time during the month, which shows pricing can move around depending on market conditions. Spreadex is rated 4 stars for commissions and fees and is ranked #27 out of 36 brokers in the same category.
Overall, Eightcap comes out ahead of Spreadex for commissions and fees, mainly because its all-in trading cost is a touch lower. If keeping trading costs down is a top priority, Eightcap may be the better fit. If you are comparing brokers on pricing alone, both are reasonably competitive, but Eightcap has the stronger score and ranking.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 0.76 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and Spreadex both give traders access to forex as CFDs, and neither broker offers direct access to exchange-traded shares on U.S. or international stock exchanges. They also do not support copy trading or the purchase of actual, delivered cryptocurrency. However, both do offer cryptocurrency CFDs, so traders can speculate on digital assets without owning the coins themselves.
Where the two brokers differ most is in overall market choice. Spreadex offers a much wider range with 10,000 tradeable symbols, compared with 803 at Eightcap, while Eightcap has a slightly larger selection of forex pairs at 55 versus 52 at Spreadex. That broader catalog helps Spreadex earn a 5-star Range of Investments rating and a #13 ranking out of 36 brokers, while Eightcap is rated 3.5 stars and ranked #31.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 10000 |
| Forex Pairs (Total) | 55 | 52 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Eightcap and Spreadex both give traders a choice of web-based platforms and free demo accounts for paper trading, so either broker can suit someone who wants to practice before risking real money. Both also let you place trades straight from a chart, and neither offers copy trading. Each broker is rated 4 out of 5 stars for trading platforms and tools, showing a similar overall experience for everyday traders.
The main differences come down to platform choice. Eightcap offers both MetaTrader 4 and MetaTrader 5, plus a Windows desktop download, which may appeal to traders who want more platform options and a downloadable app. Spreadex, on the other hand, does not support MT4 or MT5 or a Windows desktop platform, but it does offer its own in-house platform. In ForexBrokers.com’s rankings, Eightcap places higher at #34 out of 36 brokers, while Spreadex ranks #37.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 100 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and Spreadex both offer mobile trading apps for iPhone and Android, and each includes stock or forex price alerts plus the ability to draw trendlines on charts. Both brokers are also rated 4 out of 5 stars for mobile trading apps, so they offer a similar overall experience at a glance. However, Eightcap stands out with watchlist symbol syncing, which lets changes made in the app and online account stay in step, while Spreadex does not offer this feature.
When it comes to charting tools, Eightcap has a clear edge with 100 technical studies in its mobile app and auto-saving for chart drawings, making it easier to pick up where you left off. Spreadex does not list a number of technical studies for its app and does not auto-save drawings. In ForexBrokers.com’s mobile trading apps ranking, Eightcap is placed #34 out of 36 brokers, while Spreadex is ranked #36, giving Eightcap a slight advantage overall for mobile trading features.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 100 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Spreadex has the edge over Eightcap. Both brokers provide daily market commentary, sentiment tools that show long and short positioning, and an economic calendar for tracking important global events. Eightcap also includes research from Acuity Trading, such as Signal Centre, which adds useful trade ideas and signals for traders who want extra guidance.
Spreadex stands out further by offering forex news from top-tier sources like Bloomberg and Reuters, plus Autochartist tools for technical and fundamental analysis. Eightcap does not offer those sources or Autochartist, which may matter for traders who want more in-depth news flow and chart-based research. That said, neither broker offers Trading Central or TipRanks. Overall, Spreadex is rated higher for Research at 4 stars and ranks #29 out of 36 brokers, compared with Eightcap’s 3.5 stars and #35 ranking.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Eightcap and Spreadex both give beginners a useful starting point, with each broker offering at least 10 beginner-focused trading videos and enough forex or CFD learning material to meet the basic education mark. Neither broker runs monthly educational webinars, and neither one provides 10 or more advanced videos for experienced traders, so both are better suited to newer traders than to people looking for deeper study.
When it comes to overall education quality, Spreadex edges ahead with a 4-star rating versus Eightcap’s 3.5 stars. That said, Eightcap still places higher in the ForexBrokers.com education ranking, coming in at #33 out of 36 brokers, while Spreadex sits at #36. For beginners, the two brokers are fairly close, but Spreadex scores slightly better on rating, while Eightcap has the stronger ranking.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Spreadex. Eightcap finished with an overall rank of #30, while Spreadex finished with an overall rank of #33.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 87 | 70 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Comparing online brokers Eightcap and Spreadex, neither supports buying actual (delivered) cryptocurrencies, but both offer trading in cryptocurrency CFDs.
Eightcap vs Spreadex: both lack ACH/SEPA and offer bank wire transfers for deposits and withdrawals, but only Eightcap supports PayPal and Skrill; Visa/Mastercard availability is not specified for either.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Eightcap | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 87 | 70 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
| Broker Screenshots | Eightcap | Spreadex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Eightcap | Spreadex | |
|---|---|---|---|
| Trust Score | 87 | 70 | |
| Year Founded | 2009 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | No |
| Tier-2 Licenses (Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 10000 | |
| Forex Pairs (Total) | 55 | 52 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Eightcap | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 0.76 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Eightcap | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | Eightcap | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 100 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Eightcap | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Eightcap | Spreadex | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Eightcap Review | Spreadex Review |
| Overall | Eightcap | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 87 | 70 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets