Eightcap vs IG Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Eightcap and IG
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 4.5/5 | 4.1/5 |
| Foundation Year | 2015 | 1973 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0.165 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Eightcap Review | IG Review |
Eightcap is suitable for active Forex and CFD traders, crypto enthusiasts, and those who value modern platforms and competitive trading conditions.
Broker IG.com is suitable for traders of all levels, offering reliability, convenience, a wide selection of instruments, and good customer support.
Eightcap Review
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
Eightcap is in the top 10 of the following ratings:
IG Review
IG is a highly regulated broker with licenses from reliable financial authorities, providing clients with high funds protection. Thanks to narrow spreads, traders can effectively manage their costs and increase the profitability of their operations. Quality trading platforms and advanced analytical tools support informed trading decisions, while extensive educational resources make IG attractive to traders of all experience levels.
Pros and Cons of IG
Pros
- Licenses from regulators with a high level of credibility.
- Tight spreads.
- A variety of markets and products.
- Extensive set of analytical tools and content.
- Quality educational resources for different levels of traders.
Cons
- Limited choice of trading accounts.
- High trading fee on DMA account.
- Inactivity fee.
- Limited choice of payment methods.
IG is in the top 10 of the following ratings:
Reliability
| Broker | Eightcap | IG |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2015 | 1973 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | United Kingdom, Bermuda, Germany, Netherlands, Italy, Spain, France, Sweden, Switzerland, United States, Australia, Japan, Singapore, South Africa, United Arab Emirates |
| Regulators | ASIC ASIC FCA FCA CySEC CySEC SCB SCB | FCA FCA BMA BMA BaFin BaFin FSAN FSAN AFM AFM CONSOB CONSOB CNMV CNMV ACPR ACPR FI FI FINMA FINMA NFA NFA CFTC CFTC ASIC ASIC NZ FMA NZ FMA JFSA JFSA JFFA JFFA MAS MAS FSCA FSCA DFSA DFSA |
Eightcap
Eightcap demonstrates a high level of reliability thanks to licenses from ASIC, FCA, CySEC, and SCB, as well as segregated accounts, ensuring transparency and client protection.
Pros
- Regulated by multiple reputable authorities
- Segregated client accounts
- International presence
IG
The company is subject to numerous international regulators, ensuring a high degree of transparency.
Account Opening
| Broker | Eightcap | IG |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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Eightcap
Opening an account with Eightcap is fast and convenient: registration takes a few minutes, and verification is completed within a day.
Pros
- Fast online registration
- Convenient login via Google/Facebook
- Low minimum deposit
IG
The account opening process is simple, fast, and convenient for traders of any experience level.
Pros
- No minimum deposit required.
- Quick registration process (5-10 minutes).
Cons
- Necessity to provide extensive personal and financial information.
- Verification may take a couple of days.
- There is a possibility of being denied account opening.
Account Types
| Broker | Eightcap | IG |
|---|---|---|
| Account Types | 3/5 | 2.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.165 points |
| Max Leverage | 1:500 | 1:200 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Eightcap
Eightcap's account types cover traders' basic needs, offering a choice between Standard and Raw, but there are no cent, Islamic, or passive trading accounts.
Pros
- Conditions for beginners and pros
Cons
- No cent accounts
- No Islamic accounts
- No copy trading/PAMM
IG
IG offers a limited selection of accounts, meeting the basic needs of traders, but not accommodating specific requirements.
Pros
- Availability of DMA account for professional traders.
- Premium service offered for high-value clients.
- Free demo account for practice and training.
Cons
- Absence of Islamic and investment accounts.
- No fixed spread accounts and cent accounts.
Commissions
| Broker | Eightcap | IG |
|---|---|---|
| Commissions | 4/5 | 3/5 |
| Spread | from 0 points | from 0.165 points |
| Average Spread (EURUSD) | 1.1 | 1.1 |
| Commission per Lot | $3.5 | $6.48 |
Eightcap
Eightcap's fees are competitive: low spreads, an average commission on Raw, and no hidden charges make trading transparent and convenient.
Pros
- No inactivity fee
- Free deposits and withdrawals
- Tight spreads
Cons
- Market-average per-lot commission on the Raw account
IG
IG provides an average level of commissions, with low spreads but high transaction fees on DMA accounts.
Pros
- Low spreads.
- No fees for deposits/withdrawals.
Cons
- High transaction fee on DMA account.
- Inactivity fee.
- Currency conversion fee and guaranteed stop fee.
Deposit and Withdrawal
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 5/5 | 3.7/5 |
| Account Funding Methods |
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Eightcap
Eightcap provides convenient and fast money operations: fee-free deposits, quick withdrawals, and a wide choice of methods make the process simple and accessible.
Pros
- Fee-free deposits
- Fast withdrawals
- Support for cards, e-wallets, and cryptocurrencies
IG
Broker IG offers an average level of services for deposits/withdrawals, not charging a fee, but has limitations on available methods.
Pros
- No commission for funding and withdrawal.
- PayPal available as a deposit/withdrawal option.
- Transparent information about limits.
Cons
- Absence of cryptocurrencies and most electronic wallets.
- Withdrawal processing time can take up to 5 business days.
- Restrictions on the minimum withdrawal amount.
Markets and Products
| Broker | Eightcap | IG |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 57 | 99 |
| Precious Metals | 13 | 11 |
| Energy Carriers | 3 | 9 |
| Soft Commodities | 6 | 20 |
| Indices | 21 | 46 |
| Stocks | 505 | 13000 |
| ETF | 36 | 5400 |
| Cryptocurrency | 163 | 15 |
| Bonds | - | 19 |
Eightcap
Eightcap offers a wide range of markets—from Forex and commodities to ETFs and 160+ cryptocurrencies—making the broker attractive for active traders.
Pros
- Wide range of assets
- Over 160 cryptocurrency CFDs
- Support for CFDs on stocks, ETFs, and indices
IG
IG offers an extensive range of products and markets for trading, with an impressive selection of CFDs, options, and thematic baskets.
Trading Platforms
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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Eightcap
Eightcap offers convenient platforms MT4, MT5, and TradingView, combining proven functionality with modern analysis tools.
Pros
- Support for MT4 and MT5
- Integration with TradingView
- Mobile and web versions
Cons
- No proprietary platform
IG
IG offers a variety of trading platforms, including MetaTrader 4, IG Trading Platform, and L2 Dealer, catering to traders of all levels.
Analytics
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 4/5 | 5/5 |
Eightcap
Eightcap's analytics combine innovation (AI calendar, FlashTrader) and insights, but in terms of the volume of expert reviews, it lags behind market leaders.
Pros
- AI economic calendar
- FlashTrader for MT5
- Trade Zone with forecasts
Cons
- Limited analytics coverage
IG
IG provides an impressive array of research and analytical tools that will appeal to traders of any experience level.
Education
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 4/5 | 5/5 |
Eightcap
Eightcap's educational materials cover the basics and strategies, offering articles, e-books, webinars, and video lessons, but lag behind market leaders in depth.
Pros
- Variety of formats
- Practical strategies
Cons
- No step-by-step courses
- No podcasts or interactive quizzes
IG
IG offers high-quality and comprehensive educational materials suitable for traders of various levels.
Customer Support
| Broker | Eightcap | IG |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
LinkedIn
YouTube
Instagram
FacebookEightcap
Eightcap's support is efficient and available 24/5: quick responses in chat and the professionalism of specialists make it a reliable tool for clients.
Pros
- 24/5 live chat
- Local contacts
- Qualified support
Cons
- Sometimes standard responses during peak hours
IG
IG provides fast and professional support.
