Eightcap vs VT Markets compared

Updated: Aug 2023
Updated: Aug 2023
Eightcap
VT Markets
4.2
4.1
74-89% of retail CFD accounts lose money
74-89% of retail CFD accounts lose money
Eightcap
VT Markets
You can't open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
You can't open an account in United States
You can change your country under 'Regional settings' near the bottom of this page
Key differences
We took 8 criteria of our comparison (fee, account opening, customer service, markets&product, research, trading platform, deposit&withdrawal) and listed the angles with the greatest difference here below.
  • Research score
    1.8
    /5
  • Fees score
    4.4
    /5
  • Markets and products score
    1.7
    /5
  • Research score
    5.0
    /5
  • Fees score
    3.8
    /5
  • Markets and products score
    2.1
    /5
Recommended for
  • BeginnersNO
  • EquityNO
  • ForexYES
  • CFDNO
  • BeginnersNO
  • EquityNO
  • ForexYES
  • CFDYES
Best alternatives for Eightcap
Best alternatives for VT Markets

Basic data of broker

Overall score
4.2

Recommended for Forex traders who prefer the MetaTrader platform

Overall score
4.1

Recommended for Forex traders familiar with the MetaTrader trading platforms

Country of origin
Broker's country of establishment

Australia

Country of origin
Broker's country of establishment

Australia

Fees

Fees score
4.4
Fees score
3.8
Fees summary
BrokerChooser's qualitative summary on the broker's prices

Low trading and non-trading fees

Fees summary
BrokerChooser's qualitative summary on the broker's prices

Low forex fees, but high CFD 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
4.5
Number of base currencies
How many account currencies you can choose from

7

Number of base currencies
How many account currencies you can choose from

5

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
5.0
Account opening fully online
Account opening fully online
Minimum deposit
The minimum amount you have to deposit for using the account
$100 minimum deposit
*

$100

*
Minimum deposit
The minimum amount you have to deposit for using the account
The minimum deposit is $200
*

$200

*
Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Time to open account
BrokerChooser estimation on time needed to access account after all documents are provided by customer

1 day

Required documents
Documents required for opening an account

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

Required documents
Documents required for opening an account

Proof of identity: passport, national ID Proof of residency: utility bill, bank statement, residence certificate

Trading platform

Web platform score
3.1
Web platform score
2.8
Mobile platform score
3.8
Mobile platform score
4.1
Desktop platform score
3.4
Desktop platform score
3.4

Markets and products

Markets and products score
1.7
Markets and products score
2.1
Stocks
Stocks are available
Stocks
Stocks are available
Fractional shares
Fractional shares are available
Fractional shares
Fractional shares are available
ETFs
ETFs are available
ETFs
ETFs are available
Forex
Forex is available
Forex
Forex is available
Funds
Funds are available
Funds
Funds are available
Bonds
Bonds are available
Bonds
Bonds are available
Options
Options are available
Options
Options are available
Futures
Futures are available
Futures
Futures are available
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
CFD
*
*
Crypto
Crypto is available in any form (e.g. as a CFD or ETF)
Bitcoin, Bitcoin cash, EOS, Ethereum, Litecoin, Stellar Lumens, Ripple
*
*
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
CFDs
Any CFD is available, e.g. stock CFD or commodity CFD
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: 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
5.0
Charting quality

Mid-range

Charting quality

Great

Education score
3.3
Education score
4.0
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
5.0
Phone
You can reach the broker by phone
Phone
You can reach the broker by phone
Live chat
Live chat is available
Live chat
Live chat is available
Email
Email support is available
Email
Email support is available
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend
24/7 availability
At least one customer support channel, i.e. live chat, phone or email, is available even on the weekend

Security

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

No investor protection

Investor protection amount
The protection amount depends on the country where you opened your account. In the US, forex trading and commodity-related contract (e.g. futures or options) are generally not covered.

No investor protection

Investor protection
Amount of the investor protection provided by the broker

No investor protection

Investor protection
Amount of the investor protection provided by the broker

No investor protection

Banking background
Whether the broker has a banking background
Banking background
Whether the broker has a banking background
Listed on stock exchange
The broker is listed on a stock exchange
Listed on stock exchange
The broker is listed on a stock exchange
Foundation date

2009

Foundation date

2016

Country of regulation
Which countries' regulators oversee the broker

Australia, Vanuatu

Country of regulation
Which countries' regulators oversee the broker

Australia, South Africa, Saint Vincent and the Grenadines

EightcapEightcap

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

VT MarketsVT Markets

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 VT Markets's and a comparison of their fees shows that Eightcap's fees are slightly lower than VT Markets's.

Account opening takes about the same effort at Eightcap compared to VT Markets, deposit and withdrawal processes are about the same quality at Eightcap, while customer service quality is similar to VT Markets's.

Our experts rated the trading platform of Eightcap as being of the same quality as the platform of VT Markets, found that clients have access to slightly less markets and products with Eightcap, while VT Markets provides excellent research and education.

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