Written by ForexBrokers.com
In this head to head comparison of Trade Nation 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 comparing online brokers Trade Nation and Eightcap, investors will find both companies offer a trustworthy environment. Established in 2014, Trade Nation holds a Trust Score of 85 out of 99, signifying a "trusted" status according to ForexBrokers.com. Similarly, Eightcap, founded in 2009, also boasts a Trust Score of 85, marking it as equally reliable. Neither broker is publicly traded or functions as a bank.
Examining their regulatory licenses, Trade Nation holds two Tier-1 licenses, placing it in the highly trusted category, along with a Tier-2 license that further supports its credentials. Eightcap, meanwhile, holds three Tier-1 licenses but does not have any Tier-2 licenses. This strong Tier-1 presence means both brokers offer a secure platform for trading, making them appealing choices for investors seeking safety with their investments.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing Trade Nation and Eightcap in terms of commissions and fees, Trade Nation stands out with a fixed-spread pricing model across all tradeable symbols on its proprietary platform. This model offers a clear advantage due to its predictability, with spreads listed at 0.6 pips for the EUR/USD pair. Trade Nation’s spreads briefly widen to 1.4 pips during the daily rollover period, resulting in an average closer to 1 pip throughout normal market conditions. Offering various account types, Trade Nation's TN Trader account appears to be the most cost-effective, particularly when considering all-in costs.
On the other hand, Eightcap provides two account types via its global entities, including those in Australia, the Bahamas, the U.K., and Cyprus. The choice between a commission-based Raw account and a spread-only Standard account influences the cost structure. The Raw account lists an average spread of 0.06 pips, but when factoring in a $3.50 per side commission, the effective cost rises to approximately 0.76 pips - slightly below the industry average of 0.8 pips.
In terms of ratings, Trade Nation earns an impressive 5 out of 5 stars for commissions and fees, ranking it 7th out of 63 brokers on ForexBrokers.com. Eightcap receives a respectable 4-star rating, securing the 26th position. While both brokerages offer competitive rates, Trade Nation’s fixed-spread model and higher ratings make it particularly appealing for traders seeking consistent and clear-cost trading options.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.6 | 1.0 |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 Trade Nation and Eightcap in terms of their investment offerings, both brokers provide access to forex trading as CFDs, allowing users to engage in currency exchange without owning the underlying assets. Trade Nation offers a broader selection of 1,000 tradeable symbols compared to Eightcap's 800, yet Eightcap takes the lead with 56 tradeable forex pairs versus Trade Nation's 46. However, neither provider facilitates the purchase of exchange-traded securities on U.S. or international markets, meaning direct ownership of stocks like Apple or Vodafone is not possible through these platforms.
Both Trade Nation and Eightcap allow users to participate in copy trading, a feature appealing to those looking to replicate the strategies of experienced traders. While neither broker enables the purchase of actual cryptocurrencies, they do offer cryptocurrency derivatives, allowing investors to benefit from crypto market movements. Each broker is rated 3.5 stars for their range of investments, although Trade Nation is slightly ahead, ranked #38 by ForexBrokers.com, with Eightcap following closely at #40. This positions both platforms as solid but not exceptional choices for investors seeking diverse trading options.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1000 | 800 |
| Forex Pairs (Total) | 46 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| 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 the trading platforms and tools offered by Trade Nation and Eightcap, both brokers provide a comprehensive range of features suitable for beginners and experienced traders alike. Trade Nation stands out with its proprietary trading platform, allowing users a unique and tailored trading experience. They offer a Windows-based desktop platform, a web-based option, and have features supporting copy trading and the popular MetaTrader 4 (MT4). Unfortunately, Trade Nation does not support MetaTrader 5 (MT5), nor do they provide integrations with third-party platforms like DupliTrade or ZuluTrade. However, Trade Nation excels with a higher number of drawing tools for charting and offers more columns for watch lists compared to Eightcap, aiding in a more detailed market analysis.
Eightcap, on the other hand, provides a wide range of platforms including both MT4 and MT5, making it a versatile choice for traders who prefer using the latest versions of MetaTrader. Although Eightcap lacks a proprietary platform, it supports both Windows-based and web-based trading. Like Trade Nation, Eightcap offers copy trading capabilities but does not support DupliTrade or ZuluTrade either. Where Eightcap leads is in its ability to allow trading directly from stock charts, which is a feature not available with Trade Nation. Rated four stars for trading platforms and tools by their users, both brokers offer commendable services, but Eightcap holds a slightly better ranking at #38 compared to Trade Nation’s #44 according to ForexBrokers.com.
| Feature |
Trade Nation
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 39 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 14 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Trade Nation and Eightcap offer comprehensive mobile trading apps for iPhone and Android users, allowing traders to stay connected to the markets. They provide essential features such as stock and forex price alerts, watchlist symbol syncing, the ability to draw trendlines, and view multiple time frames on their charts. Both apps also let users create watchlists with real-time quotes and ensure that any drawings made on charts are auto-saved for convenience and ease of use.
When it comes to technical studies for charting, Trade Nation outshines Eightcap by offering 99 different studies compared to Eightcap's 30. Both brokers' mobile apps receive a solid rating of 4 stars out of five from users, reflecting consistent functionality and user satisfaction. However, a ranking by ForexBrokers.com places Eightcap slightly higher at #38 out of 63 brokers, while Trade Nation comes in at #45, indicating a moderate edge in overall app evaluation. This data can help traders make informed decisions when choosing between these two platforms for mobile trading.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 99 | 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.
Trade Nation and Eightcap both provide daily market commentary, ensuring traders have access to up-to-date insights. However, when it comes to sourcing forex news from top-tier providers like Bloomberg or Reuters, Trade Nation holds an advantage, offering news from these leading sources, while Eightcap does not. Both platforms lack tools from Autochartist and Trading Central, but they compensate with sentiment-based trading tools that help traders gauge market sentiment by displaying ratios of long and short positions.
While neither Trade Nation nor Eightcap utilizes TipRanks for market research, Trade Nation stands out with research tools from Acuity Trading, like Signal Centre, which Eightcap lacks. Eightcap, on the other hand, provides an economic calendar to keep traders informed about global news events, a feature that Trade Nation does not offer. Both brokers share a research rating of 3.5 stars, with Eightcap being slightly ahead in the ForexBrokers.com ranking, securing the 39th spot compared to Trade Nation's 42nd place out of 63 brokers.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | No | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners at online brokers Trade Nation and Eightcap, both platforms offer a solid foundation for those new to forex or CFDs. Each provider delivers a selection of educational materials, including more than 10 articles, videos, or archived webinars. Both brokers also supply over a dozen beginner-focused educational videos, ensuring that novices have a wealth of materials at their disposal to start their trading journey. Moreover, users will find a comprehensive investor dictionary on each platform, containing definitions for over 50 terms relevant to investing.
Diving deeper, Trade Nation distinguishes itself by offering more advanced educational videos tailored for experienced traders. However, Eightcap edges ahead with a searchable archive of past client webinars, adding extra value for learners eager to revisit specific topics. Despite these nuanced differences, both brokers earn an identical rating of 3.5 out of 5 stars for their educational offerings. When evaluated by ForexBrokers.com, Eightcap holds a slightly higher rank at #40 compared to Trade Nation's #41 among 63 reviewed brokers in the Education category.
| Feature |
Trade Nation
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | 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 Trade Nation is better than Eightcap. Trade Nation finished with an overall rank of #34, while Eightcap finished with an overall rank of #38.
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
| Feature |
Trade Nation
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Eightcap
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|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 85 |
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When comparing online brokers Trade Nation and Eightcap, neither offers the ability to purchase actual delivered cryptocurrency, however, both provide options for trading cryptocurrency derivatives.
When comparing online brokers Trade Nation and Eightcap, both do not support ACH or SEPA transfers, while Eightcap uniquely offers PayPal; both support Skrill, Visa, Mastercard, and bank wire options for deposit or withdrawal of account funds.
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 | Trade Nation | Eightcap | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Eightcap Review |
| Broker Screenshots | Trade Nation | Eightcap | |
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| Regulation | Trade Nation | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Trade Nation | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| 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). | No | Yes |
| Tier-2 Licenses (Trusted) | Trade Nation | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Trade Nation | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1000 | 800 | |
| Forex Pairs (Total) | 46 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| 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 | Trade Nation | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.6 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Trade Nation | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Trade Nation | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Trade Nation | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 14 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 39 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | No | Yes |
| Mobile Trading | Trade Nation | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 99 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Trade Nation | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | No | Yes |
| Education | Trade Nation | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Trade Nation | 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 | Trade Nation Review | Eightcap Review |
| Overall | Trade Nation | Eightcap | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Trade Nation Review | Eightcap Review |
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