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Firstrade vs Eightcap : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Firstrade
Eightcap
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
ECN
Years of Existence / Established Year
1985
2009
Customer Base / Number of Accounts
1Million
80,000 +
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
SCB ASIC CySEC FCA
Awards Won (count for the last 2 years)
Best Online Brokers, Best for Options Traders award.
Best Broker in Australia in 2024 by FXEmpire Best Forex Brokers 2024 Best Crypto CFD Trading Broker by FXEmpire 2024 Top CFD Broker by FXEmpire 2024
Security Measures
SIPC
FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes (only to retail clients. Not for professional traders)
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
2200+ ETFs including CDs, Treasury bills, Notets and bonds, Primary market CDs, Zeros and strips and more
800+ CFD markets
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
Yes- Through ETFs
Yes
Cryptocurrencies
Yes- Through ETFs
Yes
CFDs
No
Yes
ETFs
Yes
Yes
Stocks
Yes
Yes
Options
Yes
Yes
Futures
No
Yes
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
Yes
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
Yes
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
Yes
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Firstrade platform
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage account- Individual, Joint, Custodial, Retirement- Retirement (Traditional IRA, Roth IRA, SEP IRA), Corporate, Trust, International, Education Planning, Business Planning
Standard account Raw account TradingView account
Demo Account (Yes/No)
No
Yes
Islamic Accounts (Yes/No)
No
No
Minimum Deposit
$0
$100
Leverage Available
No
1:30
Trade Limit (maximum per trade)
Depends on asset class
Maximum 100 lots
Commission (per account type)
$0
Standard - $0 TradingView - $0 Raw - Each side: 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot traded
Best Suited For (e.g., beginners, experienced traders)
Both beginners and experienced traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
Wire Fund Transfer, Check deposit, Asset transfer, ACH electronic transfer
Wire Transfer Credit/debit cards UnionPay Bitcoin Ewallets
Withdrawal Methods
Wire Fund Transfer, Check Deposit, Asset transfer, ACH electronic transfer, Withdrawal of sales proceed
Wire Transfer Ewallets Bitcoin
Other E-Wallets Supported
No
Skrill Neteller Fasapay Dragonpay
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Education Center, Investment Education Videos, Option Guide, Margin Guide, Webinars, Tax center, Blogs, Upcoming IPOs
Capitalise.ai AI-powered Economic calendar Eightcap labs Trade Zone Events & Webinars Flash trader
Fees & Commissions
Trading-Related Fees
Commission for stocks, ETFs, Options, Mutual funds- $0, Fixed income- Treasury Bills, Notes & Bonds, Municipal Bonds, Agency Bonds, Secondary Market CDs, Zeros & Strips- Net yield basis, Primary Market CDs- $30, Broker-Assisted Stock & Options Trades- $19.95 (+$0.50/Contract)
Spread- starts from 0.0 pips
Spread (typical, fixed, variable)
Typical
Variable
Per Lot Fees
NA
$3.50 per lot per side
Options Contract Fees
$0
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:30
Non-Trading Fees
Dormant Fees
$0
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
0.20-0.30%
$0
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2-$5
NA
Account Opening Fee
$0
$0
Account Maintenance Fee
$0
$0
Deposit Fee
$0
$0
Currency Conversion Fee
3%
NA
Withdrawal Fee
$25-$75
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Pre-Market: 8:00 AM to 9:30 AM ET Regular Market: 9:30 AM to 4:00 PM ET After-Hours: 4:05 PM to 8:00 PM ET
Crypto - Monday-Sunday (00:00 - 23:59) Forex - 10PM to 7AM Commodities - Monday-Friday (03:00 - 24:00) Stocks US - 9:30am to 4pm
Customer Support
Support Hours (e.g., 24/7, weekdays only)
Monday - Friday,10am - 4pm ET
24x5
Customer Support Methods (phone, email, live chat)
Phone: U.S. Toll Free: 1-800-869-8800, Outside the US: 1-718-961-6600, E-mail, FAQ, Fax: 1-718-961-3919
E mail: mailto:[email protected] Call / Chat: +61 3 8592 2375
Support Languages
3
13+
Additional Information
Headquarters Location
30-50 Whitestone Expwy. Ste. A301 Flushing, NY 11354
Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.
Complaints (for crypto brokers)
No
No
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