Alpaca Trading
Eightcap
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Traders interested in algorithmic stock trading
Recommended for Forex traders who prefer the MetaTrader platform
USA
Australia
Fees
Free stock and ETF trading, low non-trading fees
Low trading and non-trading fees
Stock and ETF fees
Forex fees
Fund fees
Bond fees
Options fees
Futures fees
Crypto fees
CFD fees
Non-trading fees
Deposit and withdrawal
1
7
Deposit type
Withdrawal type
Account opening
$0
$100
1 day
1 day
Social security number, other proof of residence
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Trading platform
Markets and products
Disclaimer: 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
Research, education
Great
Mid-range
Customer service
Security
$500,000 (securities up to $500,000, cash up to $250,000)
No protection
2015
2009
USA
Australia, Vanuatu
For detailed information and hands-on experience, read our review of this broker.
For detailed information and hands-on experience, read our review of this broker.
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
Alpaca Trading's service is slightly better than Eightcap's and a comparison of their fees shows that Alpaca Trading's fees are slightly lower than Eightcap's.
Account opening takes about the same effort at Alpaca Trading compared to Eightcap, deposit and withdrawal processes are considerably more complicated at Alpaca Trading, while customer service quality is lower than Eightcap's.
Our experts rated the trading platform of Alpaca Trading as somewhat better than the platform of Eightcap, found that clients have access to slightly more markets and products with Alpaca Trading, while Eightcap provides much less useful research and education.