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.
Founded in 2009, Eightcap is an online broker known for its strong regulatory standings, holding three Tier-1 licenses which are considered highly trusted by ForexBrokers.com. With a Trust Score of 85, Eightcap falls into the trusted category, ensuring users can rely on its services. Despite not being publicly traded or a bank, Eightcap’s regulatory framework positions it as a competitive choice for online trading needs.
Spreadex, which entered the market in 1999, also operates under a secure regulatory environment but holds just one Tier-1 license. This positions it with an average risk Trust Score of 71 according to ForexBrokers.com. While Spreadex is neither publicly traded nor a bank, those considering Spreadex should weigh its lower trust rating in relation to their individual trading priorities.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Year Founded | 2009 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing Eightcap and Spreadex for their commissions and fees, both brokers present distinct offerings, tailored to different trading preferences. Eightcap provides two account types: the commission-based Raw account and the spread-only Standard account. For those opting for the Raw account, the average spread is notably 0.06 pips. However, traders should account for a per-side commission of $3.50, bringing the all-in cost to approximately 0.76 pips. This positions Eightcap slightly below the industry benchmark of 0.8 pips, though it remains somewhat pricier than the most affordable forex brokers.
On the other hand, Spreadex offers competitive spreads that averaged 0.81 pips for EUR/USD in January 2024. Notably, a minimum spread of 0.6 pips was achieved 60% of the time throughout the month, indicating an attractive proposition for traders. While both brokers are similarly priced for FX trading, their unique account structures cater to diverse trading approaches.
Rating-wise, both Eightcap and Spreadex receive 4 stars for their commissions and fees, according to industry standards. In terms of ranking amongst 63 brokers, Eightcap holds the 26th position while Spreadex follows closely at 27th, as determined by ForexBrokers.com. This close ranking reflects their competitiveness within the market while offering different value points for potential investors.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.0 | 0.81 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Eightcap and Spreadex in terms of their available range of investments, both platforms offer opportunities to trade forex either as CFDs or spot contracts. Eightcap provides access to a total of 800 tradeable symbols, including 56 forex pairs, while Spreadex impressively offers 10,000 tradeable symbols with 52 forex pairs. While neither broker offers direct exchange-traded securities on U.S. or international exchanges, Eightcap does stand out with the option for copy trading, a feature that is not available with Spreadex.
Both brokers offer the ability to trade cryptocurrency derivatives as opposed to the actual cryptocurrencies. Spreadex's substantial offering of tradeable symbols earns it a 5-star rating for Range of Investments, ranking 13th among 63 brokers according to ForexBrokers.com. In contrast, Eightcap receives a 3.5-star rating and is ranked 40th in the same category. This highlights Spreadex as the stronger contender for investors seeking a broader variety of tradeable instruments.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 10000 |
| Forex Pairs (Total) | 56 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 comparing Eightcap and Spreadex in terms of their trading platforms and tools, both online brokers provide free virtual demo accounts, enabling users to practice simulated trading. Eightcap does not have a proprietary platform developed in-house, while Spreadex offers one to its users. For those preferring desktop trading on Windows, Eightcap provides this capability, unlike Spreadex, which does not. Both brokers offer web-based trading platforms. However, Eightcap stands out by supporting popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are absent from Spreadex's offerings. Another distinction is Eightcap's provision for copy trading, a feature that Spreadex lacks.
In charting tools, Eightcap offers users access to 15 drawing tools, compared to Spreadex's 11. Both brokers allow trading directly from stock charts, enhancing the convenience for traders. When it comes to watch lists, Spreadex edges out slightly with 8 columns for fields versus Eightcap's 7. Despite these differences, both brokers are rated with the same 4 out of 5 stars for their trading platforms and tools. According to ForexBrokers.com, Eightcap is ranked 38th, while Spreadex is at the 46th position out of 63 brokers, indicating a slight advantage for Eightcap in the trading platform and tools category.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Eightcap and Spreadex, both brokers provide apps compatible with iPhone and Android devices. Their offerings include essential features like the ability to set stock or forex price alerts and draw trendlines on charts. Notably, Eightcap excels with advanced features such as watchlist symbol syncing, where changes in the mobile app synchronize with the client's online account, a service Spreadex does not offer. Furthermore, Eightcap offers an impressive 30 technical studies for chart analysis, a feature where Spreadex lacks specifics.
Another advantage of Eightcap is its ability to auto-save drawings on charts, providing convenience for active traders, which Spreadex currently does not provide. Both platforms allow users to view multiple time frames on charts and create watchlists with real-time quotes. Despite receiving identical mobile trading ratings of four stars, Eightcap is ranked higher by ForexBrokers.com at #38, compared to Spreadex's rank of #46 out of 63 brokers, indicating a slight edge in overall mobile trading app performance.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Eightcap and Spreadex deliver daily market commentary and offer economic calendars to help traders keep track of important global events. However, Spreadex stands out by providing forex news from top-tier sources like Bloomberg or Reuters, which Eightcap lacks. While neither platform integrates research tools from TipRanks, they both fall short in offering Technical Analytics from Trading Central. On the other hand, both brokers equip traders with sentiment-based trading tools, revealing the ratio of long or short positions across various instruments.
Spreadex distinguishes itself further with access to technical analysis tools from Autochartist, while Eightcap does not. As a result of these offerings, Spreadex is rated slightly higher in research, earning 4 out of 5 stars in comparison to Eightcap's 3.5 stars. In a ranking of 63 brokers by ForexBrokers.com, Spreadex leads, positioned at #31, whereas Eightcap trails at #39. The choice between the two may ultimately depend on the kind of market information you value most in enhancing your trading strategy.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners, both Eightcap and Spreadex provide a similar range of materials to help new traders get started with forex and CFDs. Each platform offers more than ten educational pieces, such as articles, videos, or archived webinars, focused on forex and CFD trading. In terms of beginner-focused educational videos, both brokers offer at least ten videos to guide novices through essential trading topics. Additionally, both platforms include an investor dictionary featuring over 50 investing terms, which supports new traders in understanding the necessary jargon and concepts. One area where Eightcap stands out is its searchable archive of past educational webinars, offering flexibility for learners who prefer on-demand resources. However, neither broker holds live educational webinars monthly, nor do they provide a substantial range of advanced educational videos for seasoned traders.
Despite these similarities, Spreadex edges slightly ahead of Eightcap in educational ratings with a 4-star rating compared to Eightcap's 3.5 stars. This small difference in ratings might appeal to beginners who prioritize a slight edge in educational quality, alongside a comprehensive foundation. However, Eightcap's ability to offer on-demand access to past webinars can be an attractive feature for those who learn best at their convenience. While ForexBrokers.com ranks Eightcap at number 40 and Spreadex at 45 out of 63 brokers for the Education category, choosing between these two will likely depend on individual learning preferences and the specific educational features each trader finds most beneficial.
| Feature |
Eightcap
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 Eightcap is better than Spreadex. Eightcap finished with an overall rank of #38, while Spreadex finished with an overall rank of #39.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Spreadex
|
|---|---|---|
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| Trust Score | 85 | 71 |
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Both Eightcap and Spreadex do not provide the ability to buy actual (delivered) cryptocurrencies, but they offer options to trade cryptocurrency derivatives.
When comparing Eightcap and Spreadex, it's notable that while both platforms offer Visa, Mastercard, and bank wire options for deposits and withdrawals, Eightcap sets itself apart by providing PayPal and Skrill services, options that Spreadex does not offer, with neither supporting ACH or SEPA transfers.
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 | Eightcap | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
| Broker Screenshots | Eightcap | Spreadex | |
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| Regulation | Eightcap | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| 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 | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 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 (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 | No |
| Tier-2 Licenses (Trusted) | Eightcap | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 10000 | |
| Forex Pairs (Total) | 56 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Eightcap | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Eightcap | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | Spreadex | |
|---|---|---|---|
| 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 | Eightcap Review | Spreadex Review |
| Overall | Eightcap | Spreadex | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
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