Eightcap
Oanda
*Data marked with an asterisk contain additional info, expand the relevant sections below to see details.
Basic data of broker
Recommended for Forex traders who prefer the MetaTrader platform
Recommended for Forex traders who value a user-friendly platform and great research tools
Australia
USA
Fees
Low trading and non-trading fees
Low CFD and forex trading fees, average 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
7
9
Deposit type
Withdrawal type
Account opening
$100
$0
1 day
1-3 days
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: ID / passport 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.
Disclaimer: 78.3% 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.
Research, education
Mid-range
Great
Customer service
Security
No protection
£85,000 in the UK, €20,000 in the EU, CAD 1,000,000 in Canada, none in the US, Australia, Asia and other countries
2009
1996
Australia, Vanuatu
US, UK, Australia, Singapore, Canada, Malta, Japan, British Virgin Islands
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.
Eightcap's service is on par with Oanda's and a comparison of their fees shows that Eightcap's fees are similar to Oanda's.
Account opening takes somewhat less effort at Eightcap compared to Oanda, deposit and withdrawal processes are about the same quality at Eightcap, while customer service quality is similar to Oanda's.
Our experts rated the trading platform of Eightcap as less user-friendly than the platform of Oanda, found that clients have access to about the same number of markets and products with Eightcap, while Oanda provides excellent research and education.