Brokerpoint vs Eightcap compared

Online brokers compared for fees, trading platforms, safety and more. See how Brokerpoint stacks up against Eightcap!

Brokerpoint
Eightcap
74-89% of retail CFD accounts lose money

Last update of dataDec 2022

Brokerpoint

Brokerpoint is a Germany-based global stockbroker for investors and traders. It is an introducing broker of Interactive Brokers IE, which is regulated by the Central Bank of Ireland.

Recommended for investors and traders from Europe interested in global markets.

Eightcap

Eightcap is an Australian forex broker. It is regulated by both ASIC and VFSC, and is available globally for clients.

Recommended for forex traders who prefer the MetaTrader platform.

Brokerpoint's service is on par with Eightcap's and a comparison of their fees shows that Brokerpoint's fees are similar to Eightcap's.

Account opening takes considerably more effort at Brokerpoint compared to Eightcap, deposit and withdrawal processes are more complicated at Brokerpoint, while customer service quality is considerably lower than Eightcap's.

Our experts rated the trading platform of Brokerpoint as being of the same quality as the platform of Eightcap, found that clients have access to much more markets and products with Brokerpoint, while Eightcap provides less useful research and education.

*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.

Basic data of broker

Overall Score
4.2

Recommended for Investors and traders from Europe interested in global markets

Overall Score
4.2

Recommended for Forex traders who prefer the MetaTrader platform

Country of origin

Germany

Country of origin

Australia

Fees

Fees score
4.1
Fees score
4.3
Fees summary

Low trading and non-trading fees

Fees summary

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

Deposit and withdrawal score
3.0
Deposit and withdrawal score
4.5
Number of base currencies

3

Number of base currencies

7

Deposit type

Withdrawal type

Account opening

Account opening score
2.5
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
*

$0

*
Minimum deposit
*

$100

*
Time to open account

>3 days

Time to open account

1 day

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill / driver's license / credit card statement

Required documents

Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill

Trading platform

Web platform score
5.0
Web platform score
3.1
Mobile platform score
3.8
Mobile platform score
3.8
Desktop platform score
3.0
Desktop platform score
3.4

Markets and products

Markets and products score
5.0
Markets and products score
1.7
Stocks
Stocks
Fractional shares
Fractional shares
ETFs
ETFs
Forex
Forex
Funds
Funds
Bonds
Bonds
Options
Options
Futures
Futures
Crypto
Crypto
*
*
CFDs
CFDs
CFD disclaimer

Disclaimer: 60.0% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFD disclaimer

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

Research score
3.5
Research score
1.8
Charting quality

Great

Charting quality

Mid-range

Education score
0.0
Education score
3.3
Demo account
Demo account

Customer service

Customer service score
0.3
Customer service score
5.0
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

€20,000

Investor protection amount

No protection

Banking background
Banking background
Listed on stock exchange
Listed on stock exchange
Foundation date

2017

Foundation date

2009

Country of regulation

Ireland

Country of regulation

Australia, Vanuatu

Brokerpoint

For detailed information and hands-on experience, read our review of this broker.

Eightcap

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.

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