Two brokers with contrasting models clash on regulation, fees, and platform depth. The showdown tests which path ECN access or spread bets best suits different trading needs.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want MT4/MT5, cTrader, and TradingView on one account plus Razor ECN pricing.
Choose if…
Choose Spreadex if you want FCA regulation with UK spread betting, TradingView integration, and no minimum deposit.
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 | 4.5 / 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 | Spreadex |
|---|---|---|
| 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 | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Fail |
The scores are close: EightCap rates 4.3/5 and Spreadex 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 Spreadex's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Spreadex has no minimum deposit, while EightCap requires at least $100. This makes Spreadex more accessible for traders with limited starting capital.
Both EightCap and Spreadex 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: Spreadex has no minimum deposit, removing the capital barrier entirely, 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 Spreadex lists up to 30:1. 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 Spreadex are not currently available. Check their website for up-to-date pricing.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while Spreadex supports Proprietary Web/Mobile, TradingView. Both provide TradingView. EightCap has exclusive access to cTrader and MetaTrader 4 and MetaTrader 5. Spreadex has exclusive access to Proprietary Web/Mobile.
EightCap offers tighter spreads from 0.00 pips vs 0.60 pips for Spreadex, reducing trading costs.
EightCap benefits from dual regulation (ASIC and FCA), increasing oversight and fund protection.
EightCap wins due to four-platform access and 24/5 live chat.
EightCap is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
EightCap offers the widest platform mix, including MT4/MT5, cTrader, and TradingView.
Spreadex offers no minimum deposit and ease of access for newcomers.
Spreadex provides 10,000 instruments, far more than EightCap.
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.2 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2009 | 1999 |
|---|
| Headquarters | Melbourne, Australia | St Albans, Hertfordshire, United Kingdom |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1▲ higher | 30:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit card |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | FCA |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile TradingView |
|---|
| 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
FCA-regulated (190941) UK spread betting on 10,000+ financial markets
TradingView integration for browser-based charting and order execution
UK capital gains tax-free profits on spread bets under current HMRC rules
Unique dual financial and sports spread betting from one FCA account
No minimum deposit and no commission on spread bets
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Phone support available
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
UK residents only - no international client access
No MT4 or MT5 available
Research tools minimal
Not suitable for traders who need raw ECN execution
No raw spread account option
No MetaTrader support
No 24/5 live chat
Support available in limited languages
EightCap edges Spreadex on the editorial score, driven by broader platform support and Razor ECN pricing.
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Personalised recommendation
Answer 6 quick questions and we’ll match you with the brokers that best fit your trading style, experience level, and country.
Find my broker