Eightcap
Ellevest
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while Ellevest was established in 2008 and is based in USA. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while Ellevest is regulated by Unregulated among others. Eightcap serves 10,000+ clients worldwide; Ellevest has 10,000+. The minimum deposit is $100 at Eightcap and $1 at Ellevest.
| Feature | Eightcap | Ellevest |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2009 | 2008 |
| Country | Australia | USA |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and Ellevest, directly affecting your bottom line as a trader. Ellevest has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Eightcap). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Ellevest charges deposit fees; Eightcap does not. Overall, Ellevest scores higher on fees in our assessment.
| Feature | Eightcap | Ellevest |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while Ellevest supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which Ellevest does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | Ellevest |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Tablet & Mobile apps | Windows, Android, Mac OS, iOS |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and Ellevest compare. Ellevest has a video library; Eightcap does not. Ellevest integrates third-party research tools (Autochartist); Eightcap does not. Ellevest scores higher overall in education and research.
| Feature | Eightcap | Ellevest |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Eightcap accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Ellevest supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | Ellevest |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Eightcap and Ellevest offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Eightcap | Ellevest |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |