Eightcap vs Fidelity compared

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

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

Last update of dataDec 2022

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.

Fidelity

Fidelity is a US stockbroker. It is regulated by top-tier authorities SEC and FINRA.

Recommended for investors and traders looking for solid research and great trading platforms.

Eightcap's service is slightly weaker than Fidelity's and a comparison of their fees shows that Eightcap's fees are slightly lower than Fidelity's.

Account opening takes somewhat less effort at Eightcap compared to Fidelity, deposit and withdrawal processes are somewhat easier at Eightcap, while customer service quality is somewhat better than Fidelity's.

Our experts rated the trading platform of Eightcap as less user-friendly than the platform of Fidelity, found that clients have access to less markets and products with Eightcap, while Fidelity provides excellent 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 Forex traders who prefer the MetaTrader platform

Overall Score
4.8

Recommended for Investors and traders looking for solid research and great trading platforms

Country of origin

Australia

Country of origin

USA

Fees

Fees score
4.3
Fees score
3.7
Fees summary

Low trading and non-trading fees

Fees summary

Low trading and non-trading fees, high fund 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
4.5
Deposit and withdrawal score
3.8
Number of base currencies

7

Number of base currencies

16

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
4.2
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

1-3 days

Required documents

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

Required documents

Proof of identity: SSN / passport / national ID card / driver's license

Trading platform

Web platform score
3.1
Web platform score
4.5
Mobile platform score
3.8
Mobile platform score
5.0
Desktop platform score
3.4
Desktop platform score
4.3

Markets and products

Markets and products score
1.7
Markets and products score
4.0
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: 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
1.8
Research score
4.5
Charting quality

Mid-range

Charting quality

Great

Education score
3.3
Education score
5.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
3.9
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

$500,000 (securities up to $500,000, cash up to $250,000)

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

2009

Foundation date

1946

Country of regulation

Australia, Vanuatu

Country of regulation

USA

Eightcap

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

Fidelity

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.

Brokers displayed might not be available in United States.

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