EightCap and NAGA square up on regulation, costs, and platform ecosystems. The debate tests raw pricing against social trading features and platform breadth.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want no inactivity fee.
Choose if…
Choose NAGA if you value social trading and auto-copy on NAGA Trader.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 4.3 / 5 |
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | EightCap | NAGA |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
The scores are close: EightCap rates 4.3/5 and NAGA rates 4/5. EightCap has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
EightCap starts from 0 pips, tighter than NAGA's 0.7 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
NAGA has $50, while EightCap requires at least $100. This makes NAGA more accessible for traders with limited starting capital.
Both EightCap and NAGA hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: NAGA requires a lower minimum deposit ($50), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
EightCap lists maximum leverage of 500:1, while NAGA lists up to 400:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
EightCap charges $7 per lot on commission-based accounts. Commission details for NAGA are not currently available. Check their website for up-to-date pricing.
EightCap supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while NAGA supports MetaTrader 5, NAGA Trader. Both provide MetaTrader 5. EightCap has exclusive access to cTrader and TradingView and MetaTrader 4. NAGA has exclusive access to NAGA Trader.
EightCap offers tighter spreads from 0.00 pips vs 0.70 pips for NAGA, reducing trading costs.
EightCap wins for safety and regulation, with ASIC and FCA dual supervision.
EightCap wins for active traders due to four platforms and Razor raw spreads.
EightCap is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
EightCap wins for platform choice with MT4, MT5, cTrader, and TradingView.
NAGA wins for beginners with social trading and auto-copy via NAGA Trader.
NAGA wins for instrument variety with 950 CFDs compared to EightCap's 800.
Fees & Spreads 30% weight | 4.6 / 5▲ | 3.8 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.2 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2009 | 2015 |
|---|
| Headquarters | Melbourne, Australia | Hamburg, Germany |
|---|
| Min Deposit | $100 | $50▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.7 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 400:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | $10/month (after 90 days) |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit cardSkrillNeteller |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit cardSkrillNeteller |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | CySEC FSCA BaFin |
|---|
| Platforms | cTrader MetaTrader 5 TradingView MetaTrader 4 | MetaTrader 5 NAGA Trader |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
BaFin and CySEC regulated, strong EU regulatory stack
NAGA Trader: purpose-built social trading with ranked auto-copy
950+ CFD instruments across multiple asset classes
MT5 available alongside proprietary platform
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Multilingual customer support
Cons
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
Cons
Inactivity fee triggers after just 90 days
Spreads not competitive with ECN brokers
Copy trading performance dependent on community quality
No raw spread account option
No phone support
EightCap edges NAGA on the editorial score, reflecting stronger regulation and broader platform coverage.
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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