Eightcap vs IG compared

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

Eightcap
IG
74-89% of retail CFD accounts lose money
79% of retail CFD accounts lose money

Last update of dataNov 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.

IG

IG is a CFD and forex broker. It is listed on the London Stock Exchange and regulated by several authorities globally, including the top-tier FCA.

Recommended for traders of any experience level looking for an easy-to-use trading platform.

Eightcap's service is on par with IG's and a comparison of their fees shows that Eightcap's fees are slightly lower than IG's.

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

Our experts rated the trading platform of Eightcap as less user-friendly than the platform of IG, found that clients have access to much less markets and products with Eightcap, while IG provides better 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
4.6

Recommended for Traders of any experience level looking for an easy-to-use trading platform

Country of origin

Australia

Country of origin

UK

Fees

Fees score
4.3
Fees score
3.5
Fees summary

Low trading and non-trading fees

Fees summary

High trading fees, average non-trading fees

Stock and ETF fees

Forex fees

Fund fees

Bond fees

Options fees

Futures fees

CFD fees

Non-trading fees

Deposit and withdrawal

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

7

Number of base currencies

6

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

Trading platform

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

Markets and products

Markets and products score
1.7
Markets and products score
4.7
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: 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.

CFD disclaimer

Disclaimer: 79% 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. CFDs are not provided for US clients. Forex trading involves risk. Losses can exceed deposits.

Research, education

Research score
1.8
Research score
3.5
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
4.6
Phone
Phone
Live chat
Live chat
Email
Email
24/7 availability
24/7 availability

Security

Investor protection amount

No protection

Investor protection amount

£85,000 in the UK, €20,000 in the rest of Europe excl. Switzerland, no protection in the US and many other countries

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

2009

Foundation date

1974

Country of regulation

Australia, Vanuatu

Country of regulation

UK, EU, Switzerland, USA, Singapore, Japan, South Africa, UAE, Australia, New Zealand

Eightcap

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

IG

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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