Eightcap vs easyMarkets Broker Comparison
Are you trying to figure out which is a better broker, Eightcap or easyMarkets? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that easyMarkets is the better of the two. easyMarkets offers 200+ instruments, licenses from CySec, ASIC, and fair trading fees.
In the tables below, you can compare the features of Eightcap and easyMarkets 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 easyMarkets higher than Eightcap.
Does Eightcap or easyMarkets 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 easyMarkets 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 easyMarkets the spread is 0.9.
This shows that Eightcap is the better option for low-cost forex trading.
When it comes to non-trading fees, Eightcap charges for . easyMarkets charges for . With this in mind, both brokers offer similar non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that easyMarkets is the better option.
*Based on Standard account type.
Which broker is safer, Eightcap or easyMarkets?
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. easyMarkets is regulated by CySec, ASIC and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that easyMarkets is the safer broker.
How many trading instruments are available at Eightcap and easyMarkets?
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, easyMarkets boasts 200+ tradable instruments. easyMarkets offers 103 currency pairs, 6 cryptocurrencies, and 52 stocks and shares. easyMarkets 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 easyMarkets?
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 easyMarkets has 3 trading platforms, too. Both brokers also offer research and trading tools, however easyMarkets has more.
Overall, our experts agree that easyMarkets boasts the better trading platform offering.
Which is better for beginners, Eightcap or easyMarkets?
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 easyMarkets is the better broker for beginner traders as it offers a larger range of educational tools and materials. easyMarkets also has a minimum deposit of $.