Written by ForexBrokers.com
In this head to head comparison of Swissquote vs Eightcap, 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.
When deciding between Swissquote and Eightcap for online brokerage services, it’s important to consider their regulatory standing and trust ratings. Founded in 1996, Swissquote stands out as a paragon of stability and trust with an impressive Trust Score of 99 out of 99 from ForexBrokers.com. As a publicly traded entity and a bank, Swissquote garners high confidence with five Tier-1 and two Tier-2 licenses, reflecting its commitment to rigorous regulatory standards.
On the other hand, Eightcap, which started operating in 2009, holds a respectable Trust Score of 85. Although it is not publicly traded nor a bank, Eightcap secures three Tier-1 licenses, showcasing a solid regulatory framework despite the absence of Tier-2 licenses. While Swissquote may offer more inherent trust factors and regulatory assurances, Eightcap provides a competitive, trustworthy alternative for traders looking for a less traditional institution.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 3 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and Eightcap on their commissions and fees, Swissquote offers the security of a Swiss banking institution, albeit at a higher cost compared to other low-cost forex brokers. Swissquote operates through several entities with varying account types and associated trading costs. In the U.K., Swissquote's Elite account is appealing for active traders with a minimum $10,000 deposit, featuring tight spreads and a $5 commission per round-turn trade. On the other hand, Swissquote’s Luxembourg and Swiss entities offer different account types, each with their own deposit requirements and spreads, typically slightly above the industry average.
In contrast, Eightcap provides a more straightforward fee structure with just two account types: the commission-based Raw account and the spread-only Standard account. The Raw account offers an enticing average spread of 0.06 pips, but adding a $3.50 per-side commission results in an overall cost of about 0.76 pips, closely matching the industry average. Eightcap’s pricing is generally competitive, although not the lowest in the market.
Swissquote receives a 3.5-star rating for commissions and fees and is ranked 53rd out of 63 brokers in this category according to ForexBrokers.com. Meanwhile, Eightcap earns a higher 4-star rating and is ranked 26th, reflecting its relatively more favorable pricing structure compared to Swissquote's diverse offerings.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $1000 | $100 |
| Average Spread EUR/USD - Standard | N/A | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at Swissquote and Eightcap, Swissquote offers a broad selection tailored to diverse investing needs. Swissquote provides access to both CFDs and spot contracts for forex trading, with an impressive 80 forex pairs. Additionally, clients can explore 472 tradeable symbols and invest in exchange-traded securities on U.S. and international markets, allowing purchases like Apple shares on the NASDAQ or Vodafone stock on the London Stock Exchange. Swissquote also enables investors to purchase actual cryptocurrencies along with cryptocurrency derivatives, enhancing its appeal to a wide range of traders. This variety of assets contributes to Swissquote's 5-star rating for the range of investments.
Eightcap, in comparison, caters to traders primarily interested in CFDs. While it offers a greater number of total tradeable symbols, totaling 736, its forex trading options include 56 pairs, fewer than Swissquote. Eightcap does provide copy trading and access to cryptocurrency derivatives. However, it lacks the option to purchase actual cryptocurrencies or exchange-traded securities from U.S. or international markets. This more limited scope results in Eightcap receiving a 3.5-star rating and a ranking of #40 for its range of investments on ForexBrokers.com, as opposed to Swissquote's ranking at #2.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 736 |
| Forex Pairs (Total) | 80 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 Swissquote and Eightcap's trading platforms and tools, both brokers provide a virtual demo account, allowing traders to practice without financial risk. While both offer web-based and Windows-based desktop trading platforms, Swissquote sets itself apart with a proprietary platform developed in-house, whereas Eightcap relies on third-party solutions. Despite this difference, both brokers provide access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, along with copy trading capabilities. Traders can execute trades directly from a stock chart on either platform, but Swissquote surpasses Eightcap in terms of available drawing tools with 75 compared to Eightcap’s 15.
Swissquote also offers a richer experience for those utilizing watch lists, providing 11 customizable fields compared to Eightcap's 7. Although neither broker provides DupliTrade or ZuluTrade, their trading platforms are still highly regarded. In terms of ratings, Swissquote stands strong with a 4.5-star rating for its trading platforms and tools, occupying the 12th spot among 63 brokers on ForexBrokers.com. Conversely, Eightcap earns a four-star rating and ranks 38th. These distinctions highlight Swissquote's emphasis on a feature-rich offering compared to Eightcap, though both remain solid choices for different trading needs.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
For those seeking an engaging mobile trading experience, both Swissquote and Eightcap offer comprehensive mobile apps compatible with iPhone and Android devices. Users can stay on top of the market with real-time quotes and alerts for stocks and forex. Both apps facilitate technical analysis by providing 30 technical studies and the functionality to draw trendlines on charts. Additionally, users can view multiple time frames for both stocks and forex charts, and any chart drawings are saved automatically.
However, the main difference lies in the synchronization capabilities of the two apps. While Swissquote's app does not sync watchlists between the mobile app and the client's online account, Eightcap ensures seamless synchronization, allowing users to manage their lists effectively. Ranked #12 among 63 brokers by ForexBrokers.com, Swissquote's mobile app enjoys a higher rating of 4.5 stars, compared to Eightcap's 4 stars and rank of #38. Thus, for those prioritizing seamless integration, Eightcap might be the choice, whereas Swissquote offers a slightly higher-rated trading app overall.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Swissquote with Eightcap for market research, both brokers offer daily market commentary and provide an economic calendar that keeps traders informed on current and upcoming financial events worldwide. Swissquote stands out with its access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, which Eightcap lacks. Additionally, Swissquote offers research tools from Autochartist, enhancing its appeal for technical analysis enthusiasts. In contrast, Eightcap provides a sentiment-based trading tool, offering unique insights by showing trader biases across different currency pairs.
Both brokers did not offer tools from Trading Central or research resources from Acuity Trading and TipRanks. In terms of overall research capability, Swissquote received a slightly higher rating of 4 stars compared to Eightcap's 3.5 stars. According to ForexBrokers.com, Swissquote is ranked 16th out of 63 brokers in the Research category, indicating a stronger research profile than Eightcap, which holds the 39th position. This comparative analysis highlights Swissquote's superior offerings in market research, particularly for those seeking comprehensive news and analysis tools.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in the world of online trading, Swissquote and Eightcap both offer a variety of tools to help new traders. Both brokers provide a solid collection of educational materials, with over 10 pieces focused on forex and CFDs, including articles, videos, and archived webinars. Swissquote stands out by hosting monthly client webinars that are not only live but also accessible later through a comprehensive searchable archive. Eightcap also offers an archive for past webinars but does not host them monthly. Additionally, both platforms provide over 10 beginner-focused educational videos, ensuring newcomers receive crucial insights into trading fundamentals.
For those looking to delve deeper into advanced trading topics, Swissquote takes the lead by offering more than 10 advanced educational videos. Eightcap, however, does not meet this criterion. Both platforms include an investor dictionary with over 50 terms to help clarify investment jargon, making it easier for beginners to get acquainted with the market vocabulary. Overall, in terms of educational resources, Swissquote receives a higher rating with four stars compared to Eightcap’s 3.5 stars. In a ranking conducted by ForexBrokers.com, Swissquote is placed at #21 for education among 63 brokers, while Eightcap is ranked at #40. This makes Swissquote a more comprehensive choice for beginners eager to enhance their trading knowledge and skills.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 Swissquote is better than Eightcap. Swissquote finished with an overall rank of #11, while Eightcap finished with an overall rank of #38.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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While both Swissquote and Eightcap provide options for trading cryptocurrency derivatives, Swissquote distinguishes itself by allowing the purchase of actual delivered cryptocurrency, a feature that Eightcap does not offer.
When comparing Swissquote and Eightcap, both online brokers support PayPal, Skrill, Visa/Mastercard, and bank wire transfers for depositing and withdrawing account funds, but only Swissquote offers additional flexibility with ACH and 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 | Swissquote | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Eightcap Review |
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| Regulation | Swissquote | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 3 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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 | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 736 | |
| Forex Pairs (Total) | 80 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $1000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | Eightcap | |
|---|---|---|---|
| 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 | Swissquote Review | Eightcap Review |
| Overall | Swissquote | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | Eightcap Review |
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