eightcap vs Mitrade
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick Mitrade leads on safety — winning 4 of 6
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
20
✓13
Verdict
Low risk
Low risk
Regulatedⓘ
Yes
Yes
Licenses
3
3
Tier-1 regulatorsⓘ
✓3
2
Trustpilot score
4.1
✓4.7
Reviews collected
✓3855
2669
Exit riskⓘ lower = safer
Guarded
✓Low risk
Known clonesⓘ
10
✓8
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$100
—
Max leverage
—
—
Min spread (best acct)
from 0
—
Commission
$3.5
—
Cost grade
AA
—
Account types
✓3
0
Best for
Suits
Traders who value low spreads and fast execution on MT4/MT5, Experienced traders comfortable with multiple regulatory jurisdictions, Those who prioritize a wide range of instruments (800+)
Traders who prioritize fast customer support and quick withdrawals, Beginners seeking an easy-to-use platform with demo accounts, Traders looking for Islamic account options
Not for
Traders who require rapid, reliable customer support, Those who are sensitive to withdrawal delays or disputes, Traders considering the Eightcap Challenge prop firm
Traders wary of potential withdrawal delays or verification issues, Those who dislike intrusive advertising on the trading app, Traders seeking a broker with a longer track record (founded 2019)
Products & Funding
Instruments
800+
—
Deposit methods
MASTER, Neteller, VISA, BTC
—
Withdrawal
Neteller, Skrill, MASTER, BTC
—
Execution
Speed
AAA
—
Slippage
AAA
—
Swap cost
A
—
Company
Founded
2017-09-07
2019-05-05
Headquarters
🇦🇺 Australia
🇦🇺 Australia
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.