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 |
Eightcap offers two account types that affect your costs: the commission-based Raw account and the spread-only Standard account. On the Raw account, the average spread is 0.06 pips, and with a per-side commission of $3.50, the all-in cost comes to about 0.76 pips—just under the industry average of 0.8 pips. Overall, Eightcap is slightly pricier than the very cheapest forex brokers. Commissions and fees rating: 4 out of 5 stars; ranking: #27 of 63 (ForexBrokers.com).
Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with its 0.6-pip minimum achieved 60% of the time that month. Commissions and fees rating: 4 out of 5 stars; ranking: #28 of 63 (ForexBrokers.com).
Comparing the two, Eightcap’s all-in 0.76 pips on its Raw account can edge out Spreadex’s 0.81-pip average, though Spreadex often hits 0.6 pips, which can narrow the difference depending on market conditions. If you want potentially tighter pricing via a commission-based structure, Eightcap’s Raw account may appeal; if you prefer watching the spread level without focusing on commissions, Spreadex’s published spreads provide a straightforward reference point.
| 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.
Eightcap and Spreadex both support forex trading offered as CFDs or spot contracts, but their product breadth differs. Spreadex lists about 10,000 tradable instruments, far more than Eightcap’s 800. Eightcap does edge ahead on forex pairs with 56 versus Spreadex’s 52. Both brokers let you trade cryptocurrency via derivatives, but neither lets you buy the actual coins. Eightcap offers copy trading, which Spreadex does not.
Neither broker provides access to exchange-traded shares (not CFDs) on U.S. or international exchanges. For range of investments, ForexBrokers.com rates Spreadex at 5 out of 5 stars and ranks it 14th out of 63 brokers, while Eightcap earns 3.5 out of 5 stars and ranks 41st. If you want the broadest selection of markets, Spreadex stands out; if copy trading and a slightly larger list of forex pairs matter more, Eightcap is appealing.
| 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.
Eightcap and Spreadex both offer free demo (paper) trading and browser-based platforms, but they take different paths with their core software. Eightcap relies on popular third-party platforms, delivering MetaTrader 4 and MetaTrader 5 plus a Windows desktop download, and it also supports copy trading. Spreadex, on the other hand, provides its own proprietary platform and a web platform, but does not offer a Windows desktop download, MT4/MT5, or copy trading. Neither broker supports DupliTrade or ZuluTrade.
For charting and workflow, both brokers let you place trades directly from charts. Eightcap lists 15 drawing tools, while Spreadex offers 11; the number of available indicators wasn’t specified for either broker. Watchlists include 7 columns at Eightcap and 8 at Spreadex. Both earn 4 out of 5 stars for Trading Platforms and Tools, with Eightcap ranked 39th and Spreadex 47th out of 63 brokers by ForexBrokers.com.
| 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.
Eightcap and Spreadex both offer iPhone and Android apps with real-time watchlists and price alerts for stocks and forex. Each app supports multiple time frames and lets you draw trendlines on charts. For indicators, Eightcap lists 30 technical studies in its mobile charts, while Spreadex doesn’t publish a count.
The key differences are in convenience features. Eightcap syncs watchlists between the mobile app and your online account, and it auto-saves chart drawings; Spreadex does not. Both are rated 4 stars for Mobile Trading Apps, but in ForexBrokers.com’s rankings out of 63 brokers, Eightcap sits at #39 versus Spreadex at #47—giving Eightcap a slight edge for traders who want more indicators and cross-device continuity.
| 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.
Eightcap and Spreadex both cover the basics for market research with daily market commentary, a helpful economic calendar, and sentiment tools that show long vs. short positioning. Where they differ is in depth: Spreadex includes forex news from top-tier sources like Bloomberg and Reuters and offers Autochartist for pattern recognition, while Eightcap lacks both. Neither broker integrates Trading Central, TipRanks, or Acuity Trading tools.
Independent ratings reflect this gap. For Research, Eightcap earns 3.5 out of 5 stars and ranks 40th out of 63 brokers on ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks 32nd. If you want integrated premium news and Autochartist to support technical analysis, Spreadex is the stronger pick. If your needs are simpler—daily market insights, sentiment data, and an events calendar—Eightcap covers the essentials.
| 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
|
Spreadex
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 71 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Eightcap | Spreadex | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
| Broker Screenshots | Eightcap | Spreadex | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) | |||
| 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/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Spreadex Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill