Eightcap
Xtrade
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Eightcap was founded in 2009 and is headquartered in Australia, while Xtrade was established in 2003 and is based in Australia. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Eightcap serves 10,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Eightcap and $1 at Xtrade.
| Feature | Eightcap | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2003 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Eightcap). Eightcap charges withdrawal fees while Xtrade does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Eightcap does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Eightcap | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | Xtrade |
|---|---|---|
| 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 | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and Xtrade compare. The two brokers are evenly matched on educational content.
| Feature | Eightcap | Xtrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Eightcap uniquely supports bank transfer and credit/debit card among the two brokers. Eightcap scores higher on deposit and withdrawal flexibility.
| Feature | Eightcap | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | No | Not available |
| Skrill | No | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Eightcap and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Eightcap offers multilingual support. Both brokers are comparable on support quality.
| Feature | Eightcap | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | Not available |