Eightcap
ETFinance
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while ETFinance was established in 2018 and is based in Cyprus. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while ETFinance is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Eightcap serves 10,000+ clients worldwide; ETFinance has 10,000+. The minimum deposit is $100 at Eightcap and $215 at ETFinance.
| Feature | Eightcap | ETFinance |
|---|---|---|
| Min. Deposit | $100 | $215 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2018 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and ETFinance, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $215 at ETFinance). Eightcap charges withdrawal fees while ETFinance does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; ETFinance does not. ETFinance charges deposit fees; Eightcap does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | ETFinance |
|---|---|---|
| Min. Deposit | $100 | $215 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while ETFinance supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which ETFinance does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | ETFinance |
|---|---|---|
| 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 | MT4,iOS,MacBook,iPhone |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and ETFinance compare. ETFinance runs regular live webinars; Eightcap does not. ETFinance has a video library; Eightcap does not. ETFinance publishes daily market commentary; Eightcap does not. ETFinance integrates third-party research tools (Trading Central, Autochartist); Eightcap does not. ETFinance maintains an archive of past webinars for on-demand viewing. ETFinance scores higher overall in education and research.
| Feature | Eightcap | ETFinance |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 ETFinance supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | ETFinance |
|---|---|---|
| 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 ETFinance 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 | ETFinance |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |