Basic data of broker
Recommended for Forex traders who prefer the MetaTrader platform
Recommended for Long-term investors looking for great ETF and mutual fund selection
Australia
USA
Fees
Low trading and non-trading fees
Average trading fees, low non-trading fees, free stock and ETF trading
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
1
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: SSN / passport / national ID card / driver's license
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
Mid-range
Poor
Customer service
Security
No investor protection
$500k (securities up to $500k, cash up to $250k)
No investor protection
$500k (securities up to $500k, cash up to $250k)
2009
1975
Australia, Vanuatu
USA
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.
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 Vanguard's and a comparison of their fees shows that Eightcap's fees are similar to Vanguard's.
Account opening takes somewhat less effort at Eightcap compared to Vanguard, deposit and withdrawal processes are more seamless at Eightcap, while customer service quality is somewhat better than Vanguard's.
Our experts rated the trading platform of Eightcap as somewhat worse than the platform of Vanguard, found that clients have access to slightly less markets and products with Eightcap, while Vanguard provides somewhat better research and education.