EightCap and tastytrade present a closely matched profile but diverge sharply on platform ecosystems, regulation scope, and instrument breadth, inviting traders to weigh cost versus coverage.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want MT4/MT5 and cTrader on one account with Razor raw spreads. You also benefit from ASIC and FCA oversight.
Choose if…
Choose tastytrade if you want a proprietary options platform and US-only access regulated by NFA and CFTC.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.3/ 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 | tastytrade |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Fail |
| 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 |
EightCap and tastytrade share the same editorial score of 4.3/5. One concrete differentiator: tastytrade requires a lower minimum deposit.
EightCap starts from 0 pips. Current spread data is not available for tastytrade. Check both brokers' websites for up-to-date pricing.
tastytrade has no minimum deposit, while EightCap requires at least $100. This makes tastytrade more accessible for traders with limited starting capital.
Both EightCap and tastytrade 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: tastytrade has no minimum deposit, removing the capital barrier entirely, and EightCap provides negative balance protection, capping losses at your deposit amount. Also compare demo account availability and educational resources before deciding.
EightCap lists maximum leverage of 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
tastytrade charges $1 per lot, lower than EightCap's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while tastytrade supports Proprietary Web/Mobile. EightCap has exclusive access to TradingView and cTrader and MetaTrader 4 and MetaTrader 5. tastytrade has exclusive access to Proprietary Web/Mobile.
EightCap offers spreads from 0.00 pips.
Tastytrade is favored for safety & regulation due to NFA/CFTC oversight and multi-regulatory governance.
EightCap wins for active traders with high leverage up to 500:1 and raw Razor pricing.
EightCap is better suited for scalpers: raw/ECN spreads available.
EightCap leads platform choice with MT4, MT5, cTrader and TradingView on one account.
Tastytrade is best for beginners due to $0 min deposit and straightforward entry.
Tastytrade offers far more instruments, about 10,000, compared with EightCap's 800.
Fees & Spreads 30% weight | 4.6 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.5 / 5 | 4.7 / 5▲ |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2009 | 2017 |
|---|
| Headquarters | Melbourne, Australia | Chicago, Illinois, United States |
|---|
| Min Deposit | $100 | No minimum▼ lower |
|---|
| Spreads From | 0 pips | N/A |
|---|
| Commission / lot | $7/lot | $1/lot▼ lower |
|---|
| 0.7 pips | N/A |
| Max Leverage | 500:1 | N/A |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferWire transferACH |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferWire transferACH |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | CFTC NFA |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | Proprietary Web/Mobile |
|---|
| 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
Options commissions capped at $10/leg, major cost advantage for traders who size up
$0 to open options trades; $1/contract to close
Platform built natively for options: IVR, Greeks, curve tool, and multi-leg management all first-class
Futures and futures options on the same account as equity derivatives
No PFOF on options, exchange-routed for best execution
Part of IG Group (LSE-listed), institutional governance and financial stability
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
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
US-only, no international accounts
Options-first interface has a steep learning curve for equity-focused traders
No live chat support, phone and email only
Minimal fundamental research tools; no stock screener or analyst reports
Mobile app less appropriate for entering complex multi-leg strategies than the desktop platform
No negative balance protection
No raw spread account option
No MetaTrader support
Support available in limited languages
EightCap and tastytrade are closely matched overall. Tastytrade's proprietary platform differentiates its workflow for derivatives trading.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.3 / 5
Score 4.3 / 5
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