Eightcap and Skilling are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Eightcap is regulated by 5 regulatory authorities , including the ASIC, FCA, CySEC, SCB, and FSASVG. On the other hand, Skilling is regulated by 3 regulatory authorities, including CySEC, FSA, and FCA (recently deregistered from FCA). These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.
In this article, we will compare Eightcap with Skilling regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Eightcap is better than Skilling. This comparison lets you understand which broker is better for your trading style and preferences.
Eightcap vs Skilling: In a Nutshell
Eightcap
Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation. To learn more, you may read our review of Eightcap
Eightcap Overview
- Founded Year: 2009
- Founder: Joel Murphy
- Headquarters: The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia
- Minimum Deposit: $100
- Maximum Leverage: 1:500
- Regulations: ASIC, FCA, CySEC, SCB, and FSASVG
- Trading platform: MT4, MT5, TradingView, Webtrader
- Account Types: Standard, Raw, Tradingview
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
- US Clients: Not Accepted
Eightcap vs Skilling: Features
Skilling
Established in 2016 by Scandinavian entrepreneurs, Lennart Clausen, André Lavold, Henrik Ekdahl, and Mikael Harstad, Skilling is a regulated and innovative forex broker. It offers traders access to more than 900 forex and CFDs on its Skilling Trader, cTrader, and MT4 platforms. The broker’s Premium account features competitive spreads and low commissions, ideal for advanced traders. Skilling.com provides forex pairs, CFDs, commodities, shares, indices, gold, silver, oil, bitcoin, and other cryptocurrencies for your personal investment and trading options. Additionally, Skilling provides tools like TradingView, an economic calendar, market news, and detailed analysis to enhance trading decisions.
Skilling Overview
- Founded In: 2016
- Minimum Deposit: 25 € or equivalent
- Maximum Leverage: Up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
- Regulations:CySEC, FSA, and FCA (recently deregistered from FCA)
- Trading platform: MT4, MT5, cTrader, Skilling Trader, and Skilling Copy
- Account Types: Offers 3 account types: Standard, Premium, MT4
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, CoinsPaid, Directa24, FasaPay, Klarna, Neteller, Ngan Luong, Pagsmile, PayPal, PayRetailers, PayTrust88, Skrill, Swish, Trustly, UnionPay, WebMoney
- US Traders: Not Accepted
Eightcap:
- Trading Instruments: 1000+ including Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs,Â
- Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction. Â
- Â Minimum Deposit:Â $100 or Equivalent
- Account Types:Â Three Types of Accounts including Raw Account, Standard Account, Trading View AccountÂ
- Fees:Â about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview accountÂ
- PAMM/ MAM:Â AvailableÂ
- Scalping:Â AllowedÂ
- News Trading:Â Allowed
- EA/ Robot Trading: Allowed
Skilling
- Trading Instruments: 800+ forex, CFDs, commodities, shares, indices, and cryptocurrencies
- Maximum leverage: up to 1:1000 for non-EU retail traders,1:30 for EU retail traders. 1:200 for professional traders
- Minimum Deposit: $25 for the Non-EU standard account, $100 for the EU standard account, and $5000 for the premium account.
- Account Types: Offers 3 account types: Standard, Premium MT4
- Fees: starting from 0.8 pips for a standard account,
- Social Copy Trading: Yes,
- Zulutrade: No
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
Eightcap vs Skilling: Pros and Cons
Eightcap
- Regulated by ASIC, FCA, VFSA
- The Maximum Leverage is as high as 1:500
- Offers passive investment programme(MAM, PAMM accounts)
- No Deposit/Withdrawal Fees
- Easy To Open An Account
- Scalping and EA Trading are allowed
- 100+ Crypto CFDs available
- Minimum deposit is $100
- No Investor Protection for non-EU Clients
- The Broker is not regulated by FCA UK
- Conditions and trading costs vary according to the entity
- Hedging is not allowed with the ASIC entity
- No joint accounts, copy trading, referral program, or other options for passive income
Skilling
- Regulated by CySEC, FSA, and FCA.
- The Maximum leverage is as high as 1:1000 for global entities, 1:30 for EU traders, and 1:200
- Fully Digital Account Opening ( Easy Sign and Verification Process)
- Demo Accounts are Available
- Low Trading fees starting from 0.8 pips for standard accounts, and 0.10 pips for premium accounts
- Offers both leverage and non-leverage cryptos of trading
- Educational resources with a new 'Trading Study Hub' for beginner investors to learn more about investing
- Offers a variety of trading platforms and tools including MT4, Ctrader, Skilling Social Copy Trading, and Skilling own trading platform
- Straightforward fees, no hidden charge
- No deposit and withdrawal fees
- Higher minimum deposit of $100 for Standard accounts, and $5000 for Premium accounts in the EU
- Degegistered from FCA regulations
- Service is not available in many countries including Canada and the US
- 1:2 leverage for cryptocurrencies
- Only Forex and CFDs are offered
Eightcap vs Skilling: Side-by-Side Comparison
EightcapVs Skilling: Our Scores and Ratings
We rated both brokers, Eightcap and Skilling, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
Eightcap :
Skilling
Final Verdict :
Eightcap and Skilling are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01.
However, there are a few areas where you may find some differences. For example, the minimum deposit for Eightcap is $100., whereas the minimum deposit for Skilling is 25 € or equivalent. Additionally, the maximum leverage for Eightcap is 1:500. In contrast, the maximum leverage for Skilling is up to 1:1000 for non-EU retail traders, 1:30 for EU retail traders. 1:200 for professional traders. Eightcap offers passive investment programs like MAM and PAMM, while Skilling does not have any passive investment programs.
Our score for Eightcap is 9, and for Skilling, it is 8.8 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose Eightcap. However, if you prefer another forex brokers that offer similar services, you may choose Skilling.
