Comparison of Eightcap vs AvaTrade [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theEightcap vs AvaTrade comparison!

Your expert: Alejandro Borja

eightcap

Eightcap

  • Threenvest valuation: 4,8/5
  • Investor protection: Yes
  • Security: 5/5
  • Available cryptocurrencies: 100 (CFDs)
Go crypto broker

Your expert: Xavier Tarrasó

avatrade

AvaTrade

  • Threenvest valuation: 4,5/5
  • Investor protection: Yes
  • Security: 5/5
  • Available cryptocurrencies: 11 (CFDs)
Go crypto broker

Main points

Fees

Low 4,3/5

Regulated

ASIC, VFSC

Demo account

Yes
Average 3,4/5

Fees

ASIC

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

No

Buy and hold

No
Yes

Beginners

Yes

Trading

No

Passive income

No

Buy and hold


Comparison of fees

Rating

4.3 – Eightcap provides tight spreads and no deposit or withdrawal fees, making it a cost-effective choice for crypto trading. However, the lack of public financial information might be a concern .
4.2 – AvaTrade stands out with no deposit or withdrawal fees and competitive spreads, making it a good option for frequent traders. The only drawback is the inactivity fee .

Level

Low 4,3/5
Average 3,4/5

Brief explanation

Eightcap offers competitive commissions, particularly attractive for cryptocurrency traders. The platform provides two main account types: Raw and Standard. The Raw account features lower spreads starting from 0.0 pips but incurs a commission of $3.5 per lot per trade, making it suitable for high-frequency traders seeking tighter spreads. Conversely, the Standard account has no commission but higher spreads starting from 0.5 pips . For cryptocurrency trading, Eightcap’s spreads vary significantly depending on the asset. For instance, Bitcoin spreads can range up to 12 pips, which is competitive compared to other brokers. Additionally, there are no deposit or withdrawal fees, which further enhances the cost-effectiveness of trading on Eightcap. However, traders should be aware of potential overnight financing fees if positions are held beyond a day .
AvaTrade operates with a clear and competitive commission structure, making it an attractive choice for traders looking for cost efficiency. There are no fees for deposits or withdrawals, which is a significant advantage compared to many other platforms. Deposits can be made via credit and debit cards, wire transfers, and e-wallets like Skrill and Neteller, while withdrawals are processed within 1-5 business days, depending on the method used . AvaTrade charges spreads on cryptocurrency trades, with typical spreads being competitive. For example, the spread for Bitcoin against the US dollar (BTC/USD) is around 0.35%, and for Ethereum against the US dollar (ETH/USD), it’s about 0.60%. These spreads are within the industry standard, offering traders cost-effective trading opportunities . However, there are some non-trading fees to be aware of. AvaTrade imposes an inactivity fee of $50 per quarter after three months of inactivity and a $100 administrative fee after 12 months of inactivity. Additionally, overnight financing fees apply to positions held overnight, with rates varying depending on the asset . Despite these non-trading fees, AvaTrade’s overall fee structure is transparent and competitive, making it a favorable platform for active traders looking to minimize their costs.

Eightcap

eightcap
Read Eightcap review
  • Regulation and Licensing: Eightcap is regulated by multiple top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). These regulatory bodies are renowned for their stringent standards and oversight, ensuring that Eightcap adheres to high standards of financial practice and client protection .
  • Number of Users: Eightcap has grown its user base significantly since its inception, reflecting its reliability and the trust it has built among traders worldwide. The platform's expansion into various regions highlights its capability to cater to a diverse clientele, making it a trusted name in the crypto trading industry .
  • Security Methods Security is a top priority for Eightcap, employing advanced security protocols to protect client funds and personal information. The broker provides negative balance protection, ensuring that traders do not lose more than their account balance. This commitment to security measures gives users confidence in the safety of their investments .
  • Trading Volume and Liquidity: Eightcap handles a significant trading volume, offering high liquidity in its crypto CFDs. This is crucial for traders looking to execute large trades quickly without experiencing significant price slippage. The platform’s ability to manage high trading volumes efficiently is a testament to its robust infrastructure and reliability .
  • Transparency: Eightcap is transparent about its operations, fee structures, and regulatory compliance. This openness fosters trust among its users, as they can clearly understand the terms and conditions under which they trade. Transparency is further reinforced by the regular audits and disclosures mandated by the regulatory bodies overseeing Eightcap .
  • Pros
  • Over 250 crypto derivatives available.
  • Integrates AI-powered trading tools.
  • Supports multiple fiat pairings.
  • Cons
  • No 24/7 customer support.
  • Limited educational resources for beginners.

AvaTrade

avatrade
Read AvaTrade review
  • Regulated by Multiple Authorities: AvaTrade is regulated by several top-tier financial authorities, including the Central Bank of Ireland, ASIC in Australia, the Financial Sector Conduct Authority in South Africa, and the Financial Futures Association of Japan. This extensive regulatory oversight ensures a high level of security and compliance with international standards .
  • Established Track Record: Founded in 2006, AvaTrade has a long-standing presence in the financial industry. This longevity demonstrates the platform's resilience and reliability through various market cycles and financial crises .
  • Robust Security Measures: AvaTrade employs advanced security protocols to protect client funds and personal information. These measures include negative balance protection and the segregation of client funds from the company’s operational funds, ensuring that your investments are safeguarded against unforeseen events .
  • Comprehensive Customer Support: AvaTrade offers excellent customer service, available 24/5 via live chat, phone, and email. The support team is multilingual, responsive, and well-equipped to handle a wide range of trading-related queries, ensuring that users can get the help they need promptly .
  • Transparent Operations: AvaTrade maintains transparency in its operations, providing clear information about its fees, regulatory status, and security measures. This transparency builds trust and allows traders to make informed decisions about their investments
  • Pros
  • Heavily regulated, enhancing trading security.
  • Offers leverage up to 25:1.
  • Supports MetaTrader4 and AvaTradeGo platforms.
  • Cons
  • Limited range of cryptocurrencies offered.
  • Only supports CFDs, not actual ownership.

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Product selection

Native token

Eightcap does not have a native token.
AvaTrade does not have a native token.

Earns

Eightcap does not offer earning options like staking for cryptocurrencies. It provides a wide range of crypto derivatives for trading .
AvaTrade does not provide earning options like staking for cryptocurrencies. The platform focuses on CFD trading .

NFT marketplace

Eightcap does not have an NFT marketplace.
AvaTrade does not have an NFT marketplace.

Cripto/debit card

Eightcap does not have a card for its clients .
AvaTrade does not provide a card for its clients .

Company information

Full name

Eightcap Pty Ltd​​.
AVA Trade EU Ltd​​.

Regulation

ASIC, VFSC (Vanuatu)​​.
Central Bank of Ireland, BVIFSC, ASIC, FSCA, FSA, FFAJ, ADGM-FSRA, ISA​​.

Year founded

2009​​
2006​​

Founder

Joel Murphy​​
Emanuel Kronitz, Negev Nosatzki, Clal Finance​​

Payment methods

Transfers

Yes, Eightcap accepts bank transfers for both deposits and withdrawals .
Yes, AvaTrade accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, Eightcap accepts Mastercard for deposits​​.
Yes, AvaTrade accepts Mastercard for deposits​​.

Wire transfer

Yes, Wise is supported as a payment method .
Wise is not mentioned as a supported payment method .

Card

Yes, Eightcap accepts credit/debit cards .
Yes, AvaTrade accepts credit/debit cards .

Comparative table

Eightcap Features AvaTrade
Eightcap offers a low minimum trade requirement, making it accessible for traders at all levels. This encourages new traders to start small without significant financial risk.
Minimum Trade
Minimum trade size is accessible, starting from 0.01 lots, making it suitable for beginners.
Eightcap charges competitive fees, including tight spreads from 0.1 pips and low commissions, particularly on its Raw account. This makes it an economical choice for active traders .
Trading and Transaction Fees
Competitive spreads, but inactivity and overnight fees can add up .
With over 250 crypto CFDs available, Eightcap provides one of the most extensive selections of cryptocurrencies in the market, catering to a wide range of trading interests .
Number of Cryptocurrencies
Limited selection of 13 cryptocurrencies, including major ones like Bitcoin and Ethereum .
While Eightcap offers a variety of fiat-to-crypto pairs, the availability of direct crypto-to-crypto trading pairs is somewhat limited, which might not meet the needs of all traders
Crypto-to-Crypto Trading Pairs
Offers crypto-to-crypto trading pairs, but the range is limited compared to specialized crypto exchanges .
Eightcap maintains a transparent website with clear information on fees, regulatory status, and trading conditions. However, more detailed educational resources could enhance user understanding .
Website Transparency
The website is clear and informative, with comprehensive details about fees, trading conditions, and regulations .
Eightcap does not have a card for its clients .
Credit/Debit Card
AvaTrade does not provide a card for its clients .
Eightcap does not provide crypto wallet services since it focuses on CFD trading, which means traders cannot store actual cryptocurrencies on the platform .
Storage Offering
Does not offer crypto wallets as it only deals in crypto CFDs .
There are no staking or reward programs available on Eightcap, which might be a disadvantage for traders looking to earn passive income through their crypto holdings .
Staking and Rewards
No staking or rewards programs available, which could be a drawback for some users .
Eightcap supports mobile trading through the MetaTrader 4/5 and TradingView apps, offering robust functionality and user-friendly interfaces, but lacks a proprietary mobile app .
Mobile App and Desktop
AvaTradeGO mobile app and desktop platforms like MetaTrader 4/5 provide robust trading features and user-friendly interfaces .
Customer service is available through live chat, phone, and email, but is not 24/7, which can be limiting for traders who need immediate assistance outside of business hours .
Customer Service
Multilingual customer support available 24/5 via live chat, phone, and email, but not 24/7 .
Eightcap offers multiple deposit and withdrawal methods with no fees, including bank transfers, credit cards, and e-wallets, ensuring flexibility and cost-effectiveness for users .
Deposit and Withdraw
Free deposits and withdrawals with various methods, though withdrawal processing can take up to five days

Key features

Analysis tools

Eightcap provides access to the TradingView platform, known for its advanced charting capabilities, and Capitalise.ai for algorithmic trading. They also offer the MetaTrader 4 and 5 platforms with a range of technical analysis tools .
AvaTrade offers the Guardian Angel risk management tool for MetaTrader 4 and 5, which provides real-time feedback on trading actions. AvaTrade also provides access to a wide range of technical indicators and charting tools within their trading platforms .

Mobile APP

Yes, Eightcap provides mobile trading through the MetaTrader 4 and 5 apps, as well as the TradingView mobile app .
Yes, AvaTrade offers the AvaTradeGo mobile app, which is reliable and provides access to all trading tools and account management features .

Security

Eightcap is regulated by top-tier authorities such as the FCA and ASIC, providing a solid level of investor security. They offer negative balance protection for UK and EU clients but do not provide financial information publicly​​.
AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). They provide negative balance protection for retail clients, ensuring investors cannot lose more than their account balance​​.

Additional features

Eightcap excels in cryptocurrency CFD trading, offering access to over 250 crypto derivatives. Their trading tools include resources like Crypto Crusher for market insights and Capitalise.ai for automated trading strategies. Eightcap also supports deposits and withdrawals in digital currencies, making it convenient for crypto traders. However, they do not offer a proprietary mobile app, relying instead on MetaTrader and TradingView for mobile trading .
AvaTrade is known for its extensive range of CFDs, including cryptocurrencies such as Bitcoin, Ethereum, Ripple, and more. They offer leverage up to 1:2 for EU clients and up to 1:25 for non-EU clients. AvaTrade also features the Guardian Angel tool for risk management, which gives instant feedback and advice tailored to each trader’s actions. Furthermore, they provide competitive spreads and have a variety of trading platforms, including MetaTrader 4 and 5 .

Anonymity

Eightcap does not offer anonymous accounts. The registration process involves providing personal and financial information, and verification with a passport or ID and proof of residence .
Anonymous accounts are not available on AvaTrade. The registration process includes filling out personal information, financial details, and providing proof of identity and residence .

Key points

Available cryptocurrencies

Eightcap offers trading in over 250 cryptocurrency CFDs. Available cryptocurrencies include popular coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), as well as altcoins like Polkadot (DOT), Binance Coin (BNB), Chainlink (LINK), Stellar (XLM), EOS, and memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB)​​.
AvaTrade provides trading in cryptocurrency CFDs. The supported cryptocurrencies are Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Ethereum (ETH), EOS, NEO, Dash, Chainlink (LINK), Uniswap (UNI), Litecoin (LTC), Stellar (XLM), IOTA (MIOTA), and Ripple (XRP). Additionally, it offers a Crypto10 index​​.

User-friendliness

Eightcap provides a seamless and fast account opening process, making it easy for users to start trading cryptocurrencies. The platform supports multiple payment methods, including credit/debit cards and e-wallets, which adds to its ease of use. Eightcap’s trading platforms are designed to be intuitive, ensuring that users can navigate and trade efficiently without much hassle .
AvaTrade simplifies the crypto trading experience with a quick and fully digital account setup process. Users can start trading within minutes, which is significantly faster compared to traditional crypto exchanges. The platform supports multiple payment methods for deposits and withdrawals, making it convenient for global users. AvaTrade’s intuitive interface and support for various cryptocurrencies make it an excellent choice for beginners .

Value for money

Eightcap provides great value with no deposit or withdrawal fees and a wide range of supported payment methods. Its tight spreads and leverage options enhance its attractiveness, although the lack of public financial information might be a concern for some​​.
AvaTrade provides a robust value for money with no deposit or withdrawal fees, though it charges an inactivity fee of $50 after three months of inactivity. The spreads on major cryptos are competitive, making it a good option for active traders​​.

Countries of operation

United Kingdom, European Union, Australia, Bahamas, St. Vincent and the Grenadines .
Ireland, Japan, Australia, South Africa, United Arab Emirates, Israel .

Best for

Eightcap is perfect for traders seeking a vast selection of over 250 cryptocurrency CFDs, including memecoins and altcoins. It’s well-suited for those who want to trade crypto derivatives in a regulated and secure environment​​.
AvaTrade is great for traders who are interested in speculating on the price movements of major cryptocurrencies using CFDs. It’s particularly suitable for those who want to utilize leverage and trade within a highly regulated framework, although the limited number of available cryptocurrencies might be a drawback for some​​.

Account

Trading

Eightcap supports crypto CFD trading with competitive spreads and leverage. The platform offers a range of popular cryptocurrencies, making it a good choice for traders looking for diversity in their crypto investments.
AvaTrade supports crypto CFD trading with a range of popular cryptocurrencies. The platform is well-regulated and offers leverage, providing a secure environment for trading cryptos.

Deposit and withdrawal

Eightcap supports deposits and withdrawals through bank transfers, credit/debit cards, and various e-wallets. The platform processes transactions efficiently, but some e-wallets may incur small fees.
AvaTrade supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The process is generally smooth, but withdrawal times can vary based on the method used.

Account opening process

The account opening process at Eightcap is straightforward and fully digital. Users need to fill out an online form with personal and financial information and submit verification documents. Accounts are generally approved within one business day.
Opening an account with AvaTrade is simple and fast. Users must complete an online registration form, provide personal information, and upload verification documents. The process is fully digital, and accounts are usually approved within a day.

KYC required?

Yes, KYC is required at Eightcap. Users need to submit personal identification documents and proof of address to verify their accounts.
AvaTrade requires KYC verification. Users need to submit identification documents and proof of address before they can start trading.

Customer Service

Eightcap offers customer support through live chat, phone, and email. The support team is available 24/5 and is generally responsive, providing helpful and timely assistance to users.
AvaTrade provides strong customer support through multiple channels including live chat, email, and phone. Their support is available 24/5 and is generally responsive, though some users report occasional delays in getting complex issues resolved.

Security

Eightcap is regulated by top-tier authorities such as the FCA and ASIC, providing a solid level of investor security. They offer negative balance protection for UK and EU clients but do not provide financial information publicly​​.
AvaTrade is regulated by multiple authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). They provide negative balance protection for retail clients, ensuring investors cannot lose more than their account balance​​.

Which of these exchanges is for you?

alejandro-borja-analista-de-brokers.webp

Alejandro Borja

As an expert on cryptocurrency investment platforms, I highly recommend Eightcap for traders looking to dive into the world of crypto derivatives. Eightcap offers an extensive range of over 250 cryptocurrency CFDs, making it one of the most comprehensive brokers in this space. Their platform is user-friendly, and the tight spreads coupled with fast order execution are ideal for day traders. Additionally, the regulation by top-tier authorities like FCA and ASIC ensures a secure trading environment. However, the lack of a proprietary mobile app and limited educational resources are areas that could see improvement to better support new traders​​.
Xavier-tarraso-mascarell.jpg

Xavier Tarrasó

As a cryptocurrency enthusiast and expert at Threenvest, I highly recommend AvaTrade for its robust regulatory framework and user-friendly trading platforms. AvaTrade’s diverse range of trading instruments and excellent customer support make it a reliable choice for both new and experienced traders. While the selection of cryptocurrencies could be broader, and the inactivity fees lower, the overall security and ease of use make AvaTrade a strong contender in the world of crypto trading.

Read Eightcap review

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Read AvaTrade review

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

 

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).


For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

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