Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.
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BrokerDNA™
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Darwinex
7.9
/10
VISIT DARWINEX
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
Eightcap
8.2
/10
VISIT EIGHTCAP
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
eToro
8.7
/10
VISIT ETORO
The BROKERDNA™ score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers. This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here. |
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About |
Darwinex is regulated by the Financial Conduct Authority. Darwinex have provided Forex, Spread betting trading services since 2012. |
Eightcap is regulated by ASIC. Eightcap have provided Forex, Spread betting, CFD, Indices trading services since 2015. |
eToro is regulated by CySEC. eToro have provided Forex trading services since 2006. 71% of retail CFD accounts lose money |
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Why choose them? |
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Headquarters | London, UK | Melbourne, Australia | Limassol, Cyprus | |
TRADING SERVICES OFFERED |
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Spot Forex | ||||
Forex (CFD) | ||||
CFD | ||||
Spread Betting | ||||
Social Trading | ||||
MARKETS & INSTRUMENTS | ||||
Forex (currency pairs) | 40 | 42 | 47 | |
Commodities Offered | 0 | 6 | ||
Stocks Offered | 0 | 957 | ||
Bitcoin | ||||
Majors | ||||
Indices | ||||
US Stocks | ||||
Penny stocks | ||||
Energies | ||||
Metals | ||||
Agriculturals | ||||
FTSE | ||||
Dow Jones | ||||
Dax | ||||
Nikkei | ||||
ETFs | ||||
IPO | ||||
See all instruments
73% of retail investor accounts lose money when trading CFDs with this provider |
See all instruments
Losses can exceed deposits |
See all instruments
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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PLATFORM & FEATURES |
See the platforms and features offered by each broker |
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Screenshot |
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MT4 | ||||
MT5 | ||||
MT4 Mac | ||||
WebTrader | ||||
Mirror Trader | ||||
ZuluTrade | ||||
Sirix | ||||
cTrader | ||||
PAMM | ||||
Custom Platforms | Social Trading | No | CopyTrader | |
APPS |
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iOS |
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Android |
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Windows |
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Available Languages |
English, Spanish, Chinese, and French |
English and Chinese |
English, German, Spanish, French, and Italian |
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See platform & features
73% of retail investor accounts lose money when trading CFDs with this provider |
See platform & features
Losses can exceed deposits |
See platform & features
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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ACCOUNT INFORMATION |
From micro accounts to ECN accounts, compare the accounts offered by Darwinex and Eightcap |
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Demo account | ||||
Mini account | ||||
Micro account | ||||
Standard account | ||||
ECN Account | ||||
Islamic account | ||||
Zero spread account | ||||
VIP account | ||||
Fixed spreads | ||||
Variable spreads | ||||
See account options
73% of retail investor accounts lose money when trading CFDs with this provider |
See account options
Losses can exceed deposits |
See account options
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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TRADING CONDITIONS |
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Scalping | ||||
Hedging | ||||
Expert advisors (EAs) | ||||
Virtual private server | ||||
Direct market access | ||||
STP broker | ||||
Market maker | ||||
Min trade | 0.01 Lot | 0.01 Lot | $25 | |
Max trade | None | None | 20% of equity | |
Min deposit | $500 | $100 | $200 | |
RISK MANAGEMENT |
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Stop losses | ||||
Limit orders | ||||
One-click trading | ||||
Trailing stops | ||||
Price alerts | ||||
Signal trading | ||||
FUNDING METHODS |
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Credit card | ||||
Bank transfer | ||||
Standard account | ||||
Paypal | ||||
Neteller | ||||
Skrill | ||||
Payment processing time | 1-3 business days | 1 business day | Varies | |
Withdrawal processing time | 1-3 business days | 1-5 business days | Varies | |
See all funding options
73% of retail investor accounts lose money when trading CFDs with this provider |
See all funding options
Losses can exceed deposits |
See all funding options
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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DETAILED INFO |
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Excluded countries | US | US | IR,KP,BE,CA,JP,SY,TR,IL,SG,HK | |
Contact email | Send Email | Send Email | Send Email | |
Phone number | 44 20 7193 1232 | 61 3 8373 4800 | 44-866-350-0881 | |
Live Chat | ||||
Website | https://www.darwinex.com | http://www.eightcap.com/ | www.etoro.com | |
Spreads: | ||||
EUR/USD (Average: 0.7 pips) | Not offered | Not offered | 3.0 pips | |
GBP/USD (Average: 1.1 pips) | Not offered | Not offered | 4.0 pips | |
USD/JPY (Average: 1.1 pips) | Not offered | Not offered | 2.0 pips | |
AUD/USD (Average: 0.8 pips) | Not offered | Not offered | 1.0 pips | |
USD/CHF (Average: 2.3 pips) | Not offered | Not offered | 3.0 pips | |
USD/CAD (Average: 2.9 pips) | Not offered | Not offered | 3.0 pips | |
NZD/USD (Average: 3.6 pips) | Not offered | Not offered | 5.0 pips | |
EUR/GBP (Average: 2.4 pips) | Not offered | Not offered | 4.0 pips | |
View all spreads
73% of retail investor accounts lose money when trading CFDs with this provider |
View all spreads
Losses can exceed deposits |
View all spreads
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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FEES |
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Inactivity Fee | No | No | Yes | |
Commission | Yes | Yes | No | |
Deposit Fee | No | Yes | No | |
Withdrawal Fee | Yes | Yes | Yes | |
View All Fees
73% of retail investor accounts lose money when trading CFDs with this provider |
View All Fees
Losses can exceed deposits |
View All Fees
71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. |
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Featured In | Best Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers With VPSBest Brokers For IndicesBest FCA Regulated Brokers | Best Brokers For ScalpingBest Brokers For HedgingBest Brokers For Expert AdvisorsBest 5 Digit BrokersBest Brokers For Indices | Best Social Trading BrokersBest Day Trading BrokersBest Bitcoin BrokersBest Ethereum BrokersBest Brokers For Commodities | |
Last update |
All information collected from https://www.darwinex.com. Last updated on 01/02/2021. |
All information collected from http://www.eightcap.com/. Last updated on 01/02/2021. |
All information collected from www.etoro.com. Last updated on 01/02/2021. |
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Company |
Darwinex is an online forex trading service provider who are regulated by the Financial Conduct Authority. To open an account with Darwinex, minimum deposits start from $/£500. |
Eightcap is an online forex trading service provider who are regulated by the ASIC. To open an account with Eightcap, minimum deposits start from $100. |
Founded in 2006 and based out of Tel-Aviv, eToro enables traders to follow various sectors including nearly two hundred and fifty different stocks. CFD and currency trades are likewise a possibility. As of this year, eToro boasts more than six million members worldwide. |
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Popular comparisons |
Popular comparisons feat. Darwinex
Darwinex vs ZuluTrade |
Popular comparisons feat. Eightcap
ETX Capital vs Eightcap |
Popular comparisons feat. eToro
eToro vs Tradeo |
If you want a broker with ECN execution, Eightcap may be more appropriate. Darwinex and Eightcap offer similar trading methods.
You can determine a broker’s reliability & trustworthiness by looking at eight factors:
Based on these eight factors, we consider Darwinex and Eightcap to be equally reliable. We’ve broken down why below:
Darwinex is regulated by Financial Conduct Authority, while Eightcap is regulated by ASIC.
eToro are also regulated by the Financial Conduct Authority.
If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).
This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.
Darwinex has been around for 9 years, while Eightcap have been around for 6 years. Our third alternative broker, eToro, have been around for 15 years.
You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?
Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.
All three brokers above will hold your money in a separate bank account.
Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.
Darwinex does not use tier one banks as their banking partner. Eightcap uses tier one banks as their banking partner.
If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.
We’re not aware of any penalties or fines imposed by regulators on Darwinex or Eightcap in the past five years.
While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.
Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.
Both Darwinex and Eightcap are privately owned companies.
Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.
Darwinex are based in London, UK, while Eightcap are based in Melbourne, Australia .
Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.
This can be broken down into three categories:
If you’re looking to trade currency pairs, both Darwinex and Eightcap offer forex trading. Eightcap have a slightly larger variety of currency pairs with 42 pairs, compared to 40 offered by Darwinex. Also, if you’re looking to trade cryptocurrencies,
If you’re looking to trade commodities like gold, silver or oil, Darwinex may be a better fit as Eightcap does not offer commodity trading.
Darwinex also offer social trading, which allows you to follow the trading activity, engage in discussion, and even copy the trades of other traders.
If you trade forex, there’s a good chance you might want a broker that offers the popular MT4 trading platform. If that’s the case, both Darwinex and Eightcap offer this.
In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. eToro, for example, offer a mini account, standard account and VIP account.
If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.
Darwinex does allow scalping and hedging. While Eightcap also allows scalping and hedging. You can trade with EAs (expert advisors) on both Darwinex and Eightcap.
In terms of risk management tools, neither Darwinex or Eightcap offers negative balance protection. Negative balance protection prevents you owing your broker more than you’ve deposited.
Darwinex also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.
Both Darwinex and Eightcap accept Payoneer as a funding method.
Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.
For trading EUR/USD, Darwinex charges 0.20 points, while Eightcap charges 0.00 points. Therefore, Eightcap is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.
Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Eightcap is more reliable based on our criteria above. Eightcap has a wider range of instruments to trade. Eightcap offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.
Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:
Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.