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Eightcap vs Trade Nation 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Eightcap better than Trade Nation? In our analysis of 23 international regulators across 62 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Trade Nation is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingEightcapTrade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 87 83
Winner check_circle
Review Eightcap Review Trade Nation Review
RegulationEightcapTrade Nation
Trust Score 87 83
Year Founded 2009 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 2
Tier-2 Licenses 1 1
Tier-3 Licenses 2 1
Tier-1 Licenses (High Trust)EightcapTrade Nation
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)EightcapTrade Nation
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)EightcapTrade Nation
SCB Authorised (Bahamas) Yes Yes
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) Yes No
InvestmentsEightcapTrade Nation
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 736 601
Forex Pairs (Total) 42 33
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 (CFD) 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).
CostEightcapTrade Nation
Average Spread EUR/USD - Standard 1.0 info 0.6
All-in Cost EUR/USD - Active 0.76 0.6
Active Trader or VIP Discounts No No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingEightcapTrade Nation
Minimum Deposit $100 $0
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsEightcapTrade Nation
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsEightcapTrade Nation
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 12
Charting - Indicators / Studies (Total) 30 35
Charting - Drawing Tools (Total) 15 95
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingEightcapTrade Nation
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 30 95
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes No
ResearchEightcapTrade Nation
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes No
EducationEightcapTrade Nation
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes 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 PairsEightcapTrade Nation
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 Trade Nation Review
OverallEightcapTrade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 87 83
Winner check_circle
Review Eightcap Review Trade Nation Review
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Eightcap vs Trade Nation Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs Trade Nation.

Does Eightcap or Trade Nation offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Trade Nation offers better pricing overall for traders.

Is Eightcap or Trade Nation safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Eightcap and Trade Nation hold 2 global Tier-1 licenses. Both Eightcap and Trade Nation hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than Trade Nation.

Which trading platform is better: Eightcap or Trade Nation?

To compare the trading platforms of both Eightcap and Trade Nation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Eightcap offers a better experience. With research, Eightcap offers superior market research. Finally, we found Eightcap to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and Trade Nation offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Eightcap provides traders 42 currency pairs (e.g., EUR/USD) compared to Trade Nation's 33 available pairs. Forex pairs aside, Eightcap offers traders access to 736 CFDs while Trade Nation has 601 available CFDs, a difference of 135.

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust Trade Nation?

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Is Trade Nation good?

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.

Overall winner: Eightcap

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announcementPlease 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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