Comparison of Eightcap vs XTB [ 2024 ]

The best brokers to invest in cryptocurrencies compared by their commissions, cryptos, security and much more. Here is theEightcap vs XTB comparison!

Your expert: Alejandro Borja

Eightcap

Your expert: Xavier Tarrasó

XTB

Main points

Fees

Low 4,3/5

Regulated

ASIC, VFSC

Demo account

Yes

Low 4,7/5

Fees

FCA, KNF

Regulated

Yes

Demo account

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Buy and hold

Yes

Beginners

Yes

Trading

Passive income

Buy and hold

Comparison of fees

Rating

4.3 – Eightcap provides tight spreads and no deposit or withdrawal fees, making it a cost-effective choice for crypto trading. However, the lack of public financial information might be a concern .

4.4 – XTB provides excellent value with no deposit or withdrawal fees for most methods and tight spreads. The inactivity fee after 12 months is the main additional cost .

Level

Low 4,3/5

Low 4,7/5

Brief explanation

Eightcap offers competitive commissions, particularly attractive for cryptocurrency traders. The platform provides two main account types: Raw and Standard. The Raw account features lower spreads starting from 0.0 pips but incurs a commission of $3.5 per lot per trade, making it suitable for high-frequency traders seeking tighter spreads. Conversely, the Standard account has no commission but higher spreads starting from 0.5 pips . For cryptocurrency trading, Eightcap’s spreads vary significantly depending on the asset. For instance, Bitcoin spreads can range up to 12 pips, which is competitive compared to other brokers. Additionally, there are no deposit or withdrawal fees, which further enhances the cost-effectiveness of trading on Eightcap. However, traders should be aware of potential overnight financing fees if positions are held beyond a day .

XTB’s fee structure is primarily built around spreads, with no commissions for crypto trades. The spreads are competitive, starting from 0.22% for Bitcoin. Additionally, XTB does not charge deposit fees for bank transfers or credit/debit cards, although e-wallet deposits may incur fees ranging from 1% to 2%. Withdrawals are generally free unless the amount is below $50, in which case a $30 fee applies. An inactivity fee of $10 per month is charged after 12 months of inactivity. Overall, XTB’s fee structure is straightforward and relatively low-cost compared to other brokers .

Eightcap

Regulation and Licensing: Eightcap is regulated by multiple top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC). These regulatory bodies are renowned for their stringent standards and oversight, ensuring that Eightcap adheres to high standards of financial practice and client protection .
Number of Users: Eightcap has grown its user base significantly since its inception, reflecting its reliability and the trust it has built among traders worldwide. The platform's expansion into various regions highlights its capability to cater to a diverse clientele, making it a trusted name in the crypto trading industry .
Security Methods Security is a top priority for Eightcap, employing advanced security protocols to protect client funds and personal information. The broker provides negative balance protection, ensuring that traders do not lose more than their account balance. This commitment to security measures gives users confidence in the safety of their investments .
Trading Volume and Liquidity: Eightcap handles a significant trading volume, offering high liquidity in its crypto CFDs. This is crucial for traders looking to execute large trades quickly without experiencing significant price slippage. The platform’s ability to manage high trading volumes efficiently is a testament to its robust infrastructure and reliability .
Transparency: Eightcap is transparent about its operations, fee structures, and regulatory compliance. This openness fosters trust among its users, as they can clearly understand the terms and conditions under which they trade. Transparency is further reinforced by the regular audits and disclosures mandated by the regulatory bodies overseeing Eightcap .

XTB

Year Founded: XTB was established in 2002, providing over two decades of experience in the financial trading industry. This longevity indicates a stable and reliable presence in the market.
Number of Users: XTB has a substantial client base, serving thousands of traders worldwide. This extensive user base reflects the trust and satisfaction of its clients.
Transparency: Being listed on the Warsaw Stock Exchange adds to XTB's transparency. The company regularly publishes its financial statements, providing clients and investors with a clear view of its financial health and operations.
Security Methods: XTB is known for its robust security measures. It employs advanced encryption and offers negative balance protection, ensuring that clients' funds and data are secure.
Regulation: XTB is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Polish Financial Supervision Authority (KNF). This high level of regulatory oversight ensures that XTB adheres to strict financial and operational standards.

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Product selection

Native token

Eightcap does not have a native token.

XTB does not have a native token.

Earns

Eightcap does not offer earning options like staking for cryptocurrencies. It provides a wide range of crypto derivatives for trading .

XTB does not provide staking or earning options for cryptocurrencies. The platform offers trading in crypto CFDs .

NFT marketplace

Eightcap does not have an NFT marketplace.

XTB does not have an NFT marketplace.

Cripto/debit card

Eightcap does not have a card for its clients .

XTB does not have a card for its clients .

Payment methods

Transfers

Yes, Eightcap accepts bank transfers for both deposits and withdrawals .

Yes, XTB accepts bank transfers for both deposits and withdrawals .

Mastercard

Yes, Eightcap accepts Mastercard for deposits.

Yes, XTB accepts Mastercard for deposits.

Wire transfer

Yes, Wise is supported as a payment method .

Wise is not mentioned as a supported payment method .

Card

Yes, Eightcap accepts credit/debit cards .

Yes, XTB accepts credit/debit cards .

Comparative table

Eightcap	Features	XTB
Eightcap offers a low minimum trade requirement, making it accessible for traders at all levels. This encourages new traders to start small without significant financial risk.	Minimum Trade	Minimum trade size is flexible, starting at $1. This low threshold allows even small-scale investors to participate in cryptocurrency trading .
Eightcap charges competitive fees, including tight spreads from 0.1 pips and low commissions, particularly on its Raw account. This makes it an economical choice for active traders .	Trading and Transaction Fees	XTB charges spreads on crypto trades starting from 0.22% for Bitcoin. While competitive, additional fees apply for certain e-wallet deposits and withdrawals .
With over 250 crypto CFDs available, Eightcap provides one of the most extensive selections of cryptocurrencies in the market, catering to a wide range of trading interests .	Number of Cryptocurrencies	XTB offers trading on over 50 cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin, along with various crypto pairs .
While Eightcap offers a variety of fiat-to-crypto pairs, the availability of direct crypto-to-crypto trading pairs is somewhat limited, which might not meet the needs of all traders	Crypto-to-Crypto Trading Pairs	The platform supports 16 intra-crypto pairs, allowing traders to speculate on the performance of one cryptocurrency against another .
Eightcap maintains a transparent website with clear information on fees, regulatory status, and trading conditions. However, more detailed educational resources could enhance user understanding .	Website Transparency	XTB provides comprehensive information about its services, fees, and regulations. However, some users may find the navigation slightly complex .
Eightcap does not have a card for its clients .	Credit/Debit Card	XTB does not have a card for its clients .
Eightcap does not provide crypto wallet services since it focuses on CFD trading, which means traders cannot store actual cryptocurrencies on the platform .	Storage Offering	As a CFD provider, XTB does not offer dedicated crypto wallet services. Traders need to use external wallets if they wish to own actual cryptocurrencies .
There are no staking or reward programs available on Eightcap, which might be a disadvantage for traders looking to earn passive income through their crypto holdings .	Staking and Rewards	XTB does not provide staking options or rewards programs for holding cryptocurrencies, which might be a drawback for some investors .
Eightcap supports mobile trading through the MetaTrader 4/5 and TradingView apps, offering robust functionality and user-friendly interfaces, but lacks a proprietary mobile app .	Mobile App and Desktop	The xStation platform is available on both mobile and desktop, offering a seamless and user-friendly experience with advanced trading tools .
Customer service is available through live chat, phone, and email, but is not 24/7, which can be limiting for traders who need immediate assistance outside of business hours .	Customer Service	XTB’s customer service is available 24/5, providing support via phone, live chat, and email. While generally responsive, some users report occasional delays .
Eightcap offers multiple deposit and withdrawal methods with no fees, including bank transfers, credit cards, and e-wallets, ensuring flexibility and cost-effectiveness for users .	Deposit and Withdraw	Deposits and withdrawals are mostly fee-free, except for small withdrawals under certain thresholds. The process is straightforward and quick .

Key features

Analysis tools

Eightcap provides access to the TradingView platform, known for its advanced charting capabilities, and Capitalise.ai for algorithmic trading. They also offer the MetaTrader 4 and 5 platforms with a range of technical analysis tools .

XTB offers the xStation platform with advanced charting tools, technical indicators, and intra-crypto pairs for detailed analysis. They also provide educational resources and market analysis tools .

Mobile APP

Yes, Eightcap provides mobile trading through the MetaTrader 4 and 5 apps, as well as the TradingView mobile app .

Yes, XTB provides the xStation mobile app, which includes advanced trading and charting tools

Security

Eightcap is regulated by top-tier authorities such as the FCA and ASIC, providing a solid level of investor security. They offer negative balance protection for UK and EU clients but do not provide financial information publicly.

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Additional features

Eightcap excels in cryptocurrency CFD trading, offering access to over 250 crypto derivatives. Their trading tools include resources like Crypto Crusher for market insights and Capitalise.ai for automated trading strategies. Eightcap also supports deposits and withdrawals in digital currencies, making it convenient for crypto traders. However, they do not offer a proprietary mobile app, relying instead on MetaTrader and TradingView for mobile trading .

XTB provides trading on over 50 cryptocurrencies with tight spreads and leverage up to 1:5. Their xStation platform offers intra-crypto pairs and 24/7 trading. XTB is known for its secure environment and transparent accounts, but crypto CFDs are not available to retail traders from the UK .

Anonymity

Eightcap does not offer anonymous accounts. The registration process involves providing personal and financial information, and verification with a passport or ID and proof of residence .

Anonymous accounts are not available with XTB. The account opening process requires personal information and identity verification .

Key points

Available cryptocurrencies

Eightcap offers trading in over 250 cryptocurrency CFDs. Available cryptocurrencies include popular coins like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), as well as altcoins like Polkadot (DOT), Binance Coin (BNB), Chainlink (LINK), Stellar (XLM), EOS, and memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB).

XTB offers trading in cryptocurrency CFDs. The supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), Stellar (XLM), Dogecoin (DOGE), and others, totaling 50 major coins and 16 crypto pairs.

User-friendliness

Eightcap provides a seamless and fast account opening process, making it easy for users to start trading cryptocurrencies. The platform supports multiple payment methods, including credit/debit cards and e-wallets, which adds to its ease of use. Eightcap’s trading platforms are designed to be intuitive, ensuring that users can navigate and trade efficiently without much hassle .

XTB’s platform is designed to be intuitive and easy to use, making it suitable for both beginners and experienced traders. The platform supports a variety of cryptocurrencies and offers competitive spreads. XTB’s strong regulatory framework and educational resources also contribute to a positive user experience .

Value for money

Eightcap provides great value with no deposit or withdrawal fees and a wide range of supported payment methods. Its tight spreads and leverage options enhance its attractiveness, although the lack of public financial information might be a concern for some.

XTB offers excellent value with tight spreads and no deposit or withdrawal fees for most methods. Its comprehensive educational resources and transparent fee structure enhance its attractiveness, although inactivity fees apply after 12 months.

Countries of operation

United Kingdom, European Union, Australia, Bahamas, St. Vincent and the Grenadines .

United Kingdom, European Union, Dubai, Belize .

Best for

Eightcap is perfect for traders seeking a vast selection of over 250 cryptocurrency CFDs, including memecoins and altcoins. It’s well-suited for those who want to trade crypto derivatives in a regulated and secure environment.

XTB is suitable for both beginners and advanced traders who want to trade a wide range of cryptocurrencies with tight spreads. Its comprehensive educational resources and strong regulatory framework make it a reliable choice for crypto trading.

Account

Trading

Eightcap supports crypto CFD trading with competitive spreads and leverage. The platform offers a range of popular cryptocurrencies, making it a good choice for traders looking for diversity in their crypto investments.

XTB provides extensive crypto CFD trading options with over 50 cryptocurrencies available. The platform is known for its tight spreads and leverage options, making it suitable for active crypto traders.

Deposit and withdrawal

Eightcap supports deposits and withdrawals through bank transfers, credit/debit cards, and various e-wallets. The platform processes transactions efficiently, but some e-wallets may incur small fees.

XTB offers free deposits and withdrawals via bank transfers, credit/debit cards, and e-wallets. The process is efficient, with most transactions processed quickly, though small fees may apply for low withdrawal amounts.

Account opening process

The account opening process at Eightcap is straightforward and fully digital. Users need to fill out an online form with personal and financial information and submit verification documents. Accounts are generally approved within one business day.

XTB offers a hassle-free and fully digital account opening process. Users need to fill out an online form with personal and financial information, and submit verification documents. Accounts are usually approved within one business day.

KYC required?

Yes, KYC is required at Eightcap. Users need to submit personal identification documents and proof of address to verify their accounts.

Yes, KYC is required at XTB. Users need to submit identification documents and proof of address during the account opening process.

Customer Service

Eightcap offers customer support through live chat, phone, and email. The support team is available 24/5 and is generally responsive, providing helpful and timely assistance to users.

XTB offers comprehensive customer support available 24/5 through phone, email, and live chat. The support team is known for being efficient and knowledgeable, ensuring users get the help they need promptly.

Security

XTB is regulated by top-tier authorities, including the FCA and CySEC. They provide negative balance protection and are listed on the Warsaw Stock Exchange, enhancing transparency and security.

Which of these exchanges is for you?

Alejandro Borja

As an expert on cryptocurrency investment platforms, I highly recommend Eightcap for traders looking to dive into the world of crypto derivatives. Eightcap offers an extensive range of over 250 cryptocurrency CFDs, making it one of the most comprehensive brokers in this space. Their platform is user-friendly, and the tight spreads coupled with fast order execution are ideal for day traders. Additionally, the regulation by top-tier authorities like FCA and ASIC ensures a secure trading environment. However, the lack of a proprietary mobile app and limited educational resources are areas that could see improvement to better support new traders.

Xavier Tarrasó

As an expert, I find XTB to be a robust choice for cryptocurrency traders, especially those interested in CFDs. The platform offers a broad range of over 50 cryptocurrencies and 16 intra-crypto pairs, providing ample opportunities for diversified trading strategies. The xStation platform is particularly user-friendly, equipped with advanced charting tools and quick execution times, which enhances the overall trading experience. Furthermore, XTB’s strong regulatory oversight by entities like the FCA, CySEC, and KNF, coupled with its transparency as a publicly listed company, ensures a high level of trust and security for traders. However, the lack of support for MetaTrader 4 and 5 and the exclusive focus on CFDs might be limiting for some users. Overall, XTB is highly suitable for both novice and experienced traders looking for a reliable and transparent platform for crypto trading.

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We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

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Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Comparison of Eightcap vs XTB [ 2024 ]

Eightcap

XTB

Main points

Recommended for

Comparison of fees

Rating

Level

Brief explanation

Eightcap

XTB

Product selection

Native token

Earns

NFT marketplace

Cripto/debit card

Company information

Full name

Regulation

Year founded

Founder

Payment methods

Transfers

Mastercard

Wire transfer

Card

Comparative table

Key features

Analysis tools

Mobile APP

Security

Additional features

Anonymity

Key points

Available cryptocurrencies

User-friendliness

Value for money

Countries of operation

Best for

Account

Trading

Deposit and withdrawal

Account opening process

KYC required?

Customer Service

Security

Which of these exchanges is for you?

How do we review crypto exchanges?

Risk Disclaimer

More comparatives Eightcap and XTB