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Eightcap vs ATFX 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between Eightcap and ATFX? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Eightcap ranks more highly than ATFX.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Select Brokersexpand_moreclose
Overall Rating expand_moreexpand_less Eightcap ATFX FOREX.com
Overall Rating 7.2 / 10 6.6 / 10 8.7 / 10
Account Type expand_moreexpand_less Eightcap ATFX FOREX.com
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No Yes
Copy Trading expand_moreexpand_less Eightcap ATFX FOREX.com
Social Trading / Copy Trading Yes Yes No
DupliTrade No No No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less Eightcap ATFX FOREX.com
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) Yes Yes Yes
Bitcoin Yes Yes Yes
ethereum Yes Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less Eightcap ATFX FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Eightcap ATFX FOREX.com
DAX Yes Yes Yes
Dow Jones Yes Yes Yes
FTSE Yes Yes Yes
NASDAQ 100 Yes Yes Yes
Nikkei Yes Yes Yes
SP 500 Yes Yes Yes
Investments expand_moreexpand_less Eightcap ATFX FOREX.com
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes No
Social Trading / Copy Trading Yes Yes No
Metals Yes Yes Yes
Energies Yes Yes Yes
Agriculturals No No Yes
ETF No Yes Yes
U.S. Stocks (CFD) Yes Yes Yes
Trading Platforms expand_moreexpand_less Eightcap ATFX FOREX.com
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform No No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) Yes Yes Yes
MetaTrader 5 (MT5) Yes No Yes
Regulatory Licenses expand_moreexpand_less Eightcap ATFX FOREX.com
Tier-1 Licenses 2 1 4
ASIC Authorised (Australia) Yes No No
IIROC Authorised (Canada) No No Yes
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) No No No
MAS Authorised (Singapore) No No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) No No Yes
Tier-2 Licenses 1 1 2
Tier-3 Licenses 1 1 1
Research, Education expand_moreexpand_less Eightcap ATFX FOREX.com
Trading Central (Recognia) No Yes Yes
Forex News (Top-Tier Sources) No No Yes
Daily Market Commentary Yes Yes Yes
Autochartist No Yes No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes No
Trading Costs expand_moreexpand_less Eightcap ATFX FOREX.com
Minimum Initial Deposit $100 $500 $100
Average Spread EUR/USD - Standard N/A -1 1.1 (US August 2021)
All-in Cost EUR/USD - Active 0.76 -1 1.1 (US August 2021)
Active Trader or VIP Discounts No No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes Yes
PayPal (Deposit/Withdraw) Yes No Yes
Trading Tools expand_moreexpand_less Eightcap ATFX FOREX.com
Watchlists - Total Fields 7 7 18
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 30 30 139
Mobile Charting - Indicators / Studies 30 7 88
Trust Factors expand_moreexpand_less Eightcap ATFX FOREX.com
Year Founded 2009 2017 1999
Publicly Traded (Listed) No No Yes
Bank No No No
Authorised in European Union Yes Yes Yes
Trust Score 87 70 99
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Eightcap vs ATFX Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs ATFX.

Can I trust Eightcap?

Eightcap has a trust score of 87, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust ATFX?

ATFX has a trust score of 70, giving it a "Average Risk" trust label.

Is Eightcap a good broker?

Eightcap is an up and coming broker that boasts a large range of cryptocurrency CFDs, alongside several MetaTrader plugins and related tools. That said, it's offering is otherwise limited in terms of the number of symbols you can trade, and the scope of its educational and reserach materials available could stand to improve.

Is ATFX a good broker?

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Eightcap is ASIC Authorised (Australia) and FCA Authorised (U.K.), while ATFX is FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Eightcap and ATFX are CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Eightcap is VFSC Authorised (Vanuatu), while ATFX is FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands) and CIMA Authorised (Cayman Islands).

Which broker offers more trading platforms?

Both Eightcap and ATFX offer a Desktop Platform (Windows)., neither have Proprietary Platform, cTrader, DupliTrade and ZuluTrade

Does Eightcap offer MetaTrader? Does ATFX offer MetaTrader?

For MetaTrader Eightcap provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while ATFX provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do Eightcap and ATFX differ in terms of minimum deposit? What about average spreads and funding options?

Eightcap requires a minimum deposit of $100, while ATFX requires a minimum deposit of $500. From our testing we found Eightcap offers spreads of N/A, while ATFX offers spreads of -1. Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where ATFX supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Eightcap or ATFX?

Eightcap offers a more diverse selection of investment options than ATFX allowing you to trade Forex Trading, Trading - Forex or CFDs, Social Trading / Copy Trading, Metals, Energies and U.S. Stocks (CFD)., neither have Agriculturals Looking at total tradeable symbols, Eightcap has 326, compared to 150 from ATFX.

Can I trade cryptocurrency with Eightcap or ATFX?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Eightcap nor ATFX allow you to trade physical cryptocurrencies.

Who offers more research tools, Eightcap or ATFX?

In terms of research and research tools Eightcap gives traders the following tools: Daily Market Commentary and Social Trading / Copy Trading. In comparison ATFX has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading., neither have Forex News (Top-Tier Sources)




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