Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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Eightcap
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Trade Nation
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Eightcap is an award-winning, FCA-regulated broker with low trading fees. They are highly rated by TradingView’s users, who can trade directly on the platform. UK traders can open a live account with a £100 minimum deposit. Eightcap is a multi-regulated forex and CFD broker founded in Australia in 2009. It is popular with active traders, offering 800+ instruments, tight spreads, and improvements like the TradingView platform, AI-powered financial calendars, and algo trading tools that require no coding experience. | Trade Nation is a leading foreign exchange and contract for difference broker regulated in various areas including the UK and Australia. This company provides affordable fixed and variable spreads on over 1000 assets and strong trading platforms and educational resources. Traders could use the Signal Centre for trading ideas. | |
| Instruments | CFDs in Forex, Stocks, Indices, Commodities, Crypto | CFDs, Forex, Indices, Shares, Commodities, Futures, Bonds, Spread Betting (UK and Ireland only), Cryptos (Bahamas entity only) |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | £100$100 | R1000$0 |
| Trading Platforms | MT4, MT5, TradingView | TN Trader, MT4, TradingView |
| Payment Methods | Bitcoin Payments, BPAY, Credit Card, Debit Card, Dragonpay, FasaPay, Neteller, PayPal, PIX Payment, Skrill, UnionPay, Visa, Wire Transfer | Airtel, Credit Card, Debit Card, Mastercard, Skrill, Visa, Wire Transfer |
| Minimum Trade | 0.01 Lots | 0.1 Lots |
| Regulator | FCA, ASIC, CySEC, FSC, SCB, FSA | FCA, ASIC, CMVM , FSCA, SCB, FSA |
| Account Currencies | USD, EUR, GBP, CAD, AUD, NZD, SGD | USD, EUR, GBP, AUD, ZAR, SEK, NOK, DKK |
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| Mobile Apps | iOS & Android | iOS & Android |
| App Review | Eightcap offers MT4, MT5, and TradingView apps and is the only FCA-regulated broker with TradingView. This supports mobile traders seeking advanced chart tools. Despite the dated MetaTrader design, it provides numerous technical indicators, drawing tools, various chart styles, and easy horizontal overlays. TradingView's push alerts and social network benefit traders, and Eightcap offers videos on linking TradingView with iOS and Android. | |
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| Margin Trading | ✓ | ✓ |
| Account Types | ECN, MAM | STP |
| AI / Machine Learning | ✗ | ✗ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✓ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✓ | ✓ |
| Auto Trading | Expert Advisors (EAs) on MetaTraderTradingView Bots | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✗ | ✓ |
| Copy Trading Platform | Trade Nation Seychelles provides signals and copy trading options. These tools are beneficial for new traders and those who prefer a less active role in online trading. You can use the knowledge of experienced traders to speculate on major financial markets such as forex, stocks, and commodities. | |
| Social Trading | ✓ | ✗ |
| Trade Signals | ✓ | |
| VPS Hosting | ✓ | ✗ |
| Tournaments | ✗ | ✗ |
| Demo Competitions | ✗ | ✗ |
| Ethical Investing | ✗ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $0 | $0 |
| Islamic Account | ✓ | ✓ |
CFD Trading | ||
Eightcap provides a broad selection of trading opportunities, including over 800 CFDs in stocks, indices, bonds, commodities, and cryptocurrencies. The leverage it offers ranges from 1:30 to 1:500 depending on your location. One of its standout features is an AI-powered economic calendar covering over 25 countries and featuring impact filters. However, its least impressive aspect is the limited range of soft commodities such as cotton and wheat, as well as precious metals and energy assets. | Trade CFDs with leverage on more than 1000 assets at low-cost spreads. Use the broker's signals to know when to start and stop trades. | |
| Leverage | 1:301:500 (Exceeds CIRO limits; high risk) | 1:30 (FCA, CMVM, ASIC), 1:200 (FSCA, SCB), 1:500 (FSA) |
| FTSE Spread | 1.2 | From 0.4 |
| GBPUSD Spread | 0.1 | From 0.6 |
| Oil Spread | 0.03 | From 3.0 |
| Stocks Spread | 0.03 (Apple Inc) | Variable |
Forex Trading | ||
Eightcap provides more than 50 currency pairs for trading, which is standard for the industry but less than leaders such as CMC Markets who offer over 300 pairs. They differentiate themselves by offering spreads from 0.0 pips on popular pairs such as EUR/USD, and low commissions of $3.50 per side. They also give traders comprehensive forex data, including important fundamentals, indicators of market direction, and a calendar of significant events in the forex market. | Trade Nation provides more than 30 popular forex pairs with flexible spreads. Traders can utilize a streamlined proprietary platform or MetaTrader 4, and they're provided real-time forex market updates and insights through 'Smart News'. | |
| GBPUSD Spread | 0.1 | Variable |
| EURUSD Spread | 0.0 | Variable |
| EURGBP Spread | 0.1 | Variable |
| Assets | 50+ | 33 |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
Eightcap's offerings for crypto trading are superior, boasting over 120 crypto derivatives. The testing results show Bitcoin's spread at 12 pips, which is comparatively lower than its competitors. Along with smooth deposits and withdrawals in cryptocurrencies, Eightcap provides comprehensive solutions for dedicated crypto traders. | The broker's Bahamas division offers cryptocurrencies. Traders can use thousands of indicators to customize their crypto trading tactics, with no hidden fees. | |
| Crypto Spread | $12 (BTC) | Fixed |
| Crypto Coins | BTC, ETH, LTC, BCH, XRP, XMR, DSH, EOS, XLM, ADA, TRX, DOGE, BNB, DOT, MATIC, VET, AXS, NEO, SOL, UNI, AAVE, KSM, THETA, CAKE, SUSHI, ATOM, XTZ, SNX, COMP, FLOW, EGLD, PUNDIX, RAY, ZIL, QTUM, BAND, OMG, FIDA, BADGER, NEAR, ONT, KNC, SHIB, MTL, CLV, BAT, XEM, STMX, CHR, WAVES, FTM, AUDIO, TOMO, MRK, GRT, ENJ, CRV, RUNE, DAWN, DODO, HOT, ZEC, 1INCH, HBAR, AVAX, PROM, ALPHA, LINA, CEL, SXP, SAND, CREAM, ICP, FIL, PAXG, DENT, REN, REEF, LRC, PERP, STORJ, IOTA, ALCX, ALGO, LINK, MANA | BTC, ETH, LTC |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |