Eightcap vs Zacks Trade compared

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

Eightcap
Zacks Trade
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.

Zacks Trade

Zacks Trade is a US discount broker that also allows international clients to open an account. Zacks Trade is a division of LBMZ Securities, which is regulated by SEC and FINRA. Customers are protected by the SIPC scheme, up to $500,000 (including a $250,000 limit for cash).

Recommended for traders and investors looking for comprehensive research tools, a wide product selection and low fees.

Eightcap's service is on par with Zacks Trade's and a comparison of their fees shows that Eightcap's fees are similar to Zacks Trade's.

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

Our experts rated the trading platform of Eightcap as being of the same quality as the platform of Zacks Trade, found that clients have access to less markets and products with Eightcap, while Zacks Trade 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
4.4

Recommended for Traders and investors looking for comprehensive research tools, a wide product selection and low fees

Country of origin

Australia

Country of origin

USA

Fees

Fees score
4.3
Fees score
3.9
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
3.5
Number of base currencies

7

Number of base currencies

20

Deposit type

Withdrawal type

Account opening

Account opening score
5.0
Account opening score
2.5
Account opening fully online
Account opening fully online
Minimum deposit
*

$100

*
Minimum deposit
*

$0

*
Time to open account

1 day

Time to open account

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

Trading platform

Web platform score
3.1
Web platform score
3.8
Mobile platform score
3.8
Mobile platform score
3.5
Desktop platform score
3.4
Desktop platform score
3.8

Markets and products

Markets and products score
1.7
Markets and products score
3.8
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
4.3
Charting quality

Mid-range

Charting quality

Great

Education score
3.3
Education score
2.5
Demo account
Demo account

Customer service

Customer service score
5.0
Customer service score
4.1
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 ($250,000 cash limit) plus $30 million (with a cash sub-limit of $900,000) subject to an aggregate limit of $150 million.

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

2009

Foundation date

1978

Country of regulation

Australia, Vanuatu

Country of regulation

USA

Eightcap

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

Zacks Trade

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.

×