Eightcap vs 101Investing Broker Comparison
Are you trying to figure out which is a better broker, Eightcap or 101Investing? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that 101Investing is the better of the two. 101Investing offers 350+ instruments, licenses from CySec, and fair trading fees.
In the tables below, you can compare the features of Eightcap and 101Investing side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked 101Investing higher than Eightcap.
Does Eightcap or 101Investing have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive Eightcap and 101Investing are, we first considered the common fees on Standard Accounts. At Eightcap the average spread for the EUR/USD currency pair is 0 pips, whilst at 101Investing the spread is 0.7.
This shows that Eightcap is the better option for low-cost forex trading.
When it comes to non-trading fees, Eightcap charges for . 101Investing charges for inactivity, withdrawal. With this in mind, Eightcap has lower non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that 101Investing is the better option.
*Based on Standard account type.
Which broker is safer, Eightcap or 101Investing?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
Eightcap is regulated by FCA, CySec, ASIC, SCB and offers client protection. 101Investing is regulated by CySec and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that 101Investing is the safer broker.
How many trading instruments are available at Eightcap and 101Investing?
Eightcap provides traders with 2,500+ instruments. This includes 40 currency pairs, cryptocurrencies, and stocks and shares. With Eightcap, you can also trade CFDs.
In comparison, 101Investing boasts 350+ tradable instruments. 101Investing offers 50 currency pairs, 30+ cryptocurrencies, and 100+ stocks and shares. 101Investing also allows CFD trading.
As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.
Which broker offers the best trading platform, Eightcap or 101Investing?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
Eightcap provides you with the ability to trade via 3 trading platforms, and 101Investing has 2 trading platforms. Both brokers also offer research and trading tools, however 101Investing has more.
Overall, our experts agree that Eightcap boasts the better trading platform offering.
Which is better for beginners, Eightcap or 101Investing?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that 101Investing is the better broker for beginner traders as it offers a larger range of educational tools and materials. 101Investing also has a minimum deposit of $.