6 minute read
JustMarkets vs Eightcap: Which Broker Is Right for You?
from JustMarkets
by Exness_India
Choosing the right broker is one of the most important decisions any trader can make. If you're comparing JustMarkets and Eightcap, you're likely looking for a reliable, affordable, and user-friendly platform that aligns with your trading goals. The short answer is: JustMarkets may be better for beginners and casual traders due to its low minimum deposit and flexible account types, while Eightcap appeals more to experienced traders who value tight spreads and advanced trading tools. Let’s break down exactly why.
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Regulation and Safety: Are Your Funds Protected?
Trust is everything in trading. Both JustMarkets and Eightcap are regulated, but there’s a key difference in their regulatory environments.
Eightcap is regulated by top-tier financial authorities such as the Australian Securities and Investments Commission (ASIC) and the Securities Commission of The Bahamas (SCB). This gives it a strong reputation for safety and compliance with international financial standards.
JustMarkets, on the other hand, operates under the Financial Services Authority (FSA) of Seychelles. While this provides a degree of oversight, it’s considered a less stringent regulator than ASIC. For traders who prioritize strong regulatory protection, Eightcap holds the edge.
Verdict: Choose Eightcap if regulatory oversight is a top priority.
Account Types and Minimum Deposits
Flexibility is key, especially for new traders or those with limited budgets.
JustMarkets offers a wide range of account types: Standard, Pro, Raw Spread, and Cent accounts. The minimum deposit starts at just $1, making it extremely accessible for beginners. You also get the option to choose between commission-free and commission-based accounts depending on your strategy.
Eightcap provides Standard and Raw accounts. The minimum deposit starts at $100, which is reasonable but not as beginner-friendly as JustMarkets. However, both accounts offer solid conditions, especially the Raw account which features extremely tight spreads.
Verdict: JustMarkets is more suitable for beginners and traders looking to start with a low budget.
Trading Platforms and Tools
A powerful and intuitive trading platform can make or break your trading experience.
Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are industry standards. However, Eightcap goes a step further by offering TradingView integration, Capitalise.ai for automated trading without coding, and access to Delkos market sentiment tools. This makes it a strong choice for traders who rely on analytics, automation, or advanced charting tools.
JustMarkets offers MT4 and MT5, along with WebTrader, and mobile apps, but lacks the additional tech stack that Eightcap delivers.
Verdict: Eightcap wins for tech-savvy and analytical traders.
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Spreads, Commissions, and Fees
How much you pay to trade directly affects your profits.
Eightcap is known for its ultra-low spreads. On the Raw account, spreads start from 0.0 pips with a commission of $7 per lot round-turn, which is competitive with top-tier brokers.
JustMarkets offers Raw Spread accounts with spreads starting from 0.0 pips and commissions from $3 per lot one-way (or $6 round-turn). The Standard and Pro accounts have wider spreads but no commission.
Overall, both brokers are competitive in terms of pricing, but the slight edge goes to JustMarkets for lower commission rates.
Verdict: JustMarkets wins in commission structure, but Eightcap offers better spread consistency and transparency.
Assets and Markets Offered
Diversity in assets lets traders explore more opportunities.
Eightcap offers access to over 800 instruments, including forex, commodities, indices, shares, and cryptocurrencies. It's especially strong in the crypto CFD market, with over 250 crypto assets available—making it a great choice for crypto-focused traders.
JustMarkets also provides a solid range of instruments, including forex, metals, indices, energy, stocks, and crypto CFDs. However, the total number of instruments is smaller than Eightcap’s offering, especially in the crypto and equities space.
Verdict: Eightcap is the better option for multi-asset traders, especially those interested in crypto and stocks.
Deposit and Withdrawal Options
Funding your account should be simple, fast, and cost-effective.
JustMarkets supports a wide range of payment methods, including credit cards, e-wallets like Skrill and Neteller, crypto payments, and local bank transfers in some regions. Deposits are generally free and processed quickly.
Eightcap also offers several funding options including credit/debit cards, bank wire, and some e-wallets. However, it doesn’t support as many local or crypto payment methods as JustMarkets.
Verdict: JustMarkets provides more flexible and region-specific deposit/withdrawal solutions.
Customer Support and User Experience
Responsiveness and ease of use matter, especially during volatile markets.
JustMarkets offers 24/7 customer support through live chat, email, and social media. The support team is available in multiple languages and is generally praised for its responsiveness.
Eightcap provides support 24/5 (Monday through Friday), which is standard, but not 24/7. The support quality is high, but availability may be a limitation for traders in different time zones or those who trade on weekends.
In terms of user experience, both brokers have modern, easy-to-navigate interfaces, but JustMarkets' multilingual and round-the-clock service gives it a slight advantage.
Verdict: JustMarkets offers better support availability and localization.
Education and Resources
Learning tools are essential for beginners and intermediate traders.
Eightcap has a well-developed educational center, offering webinars, tutorials, and market insights. It also integrates external tools that can help with automation and trading strategies.
JustMarkets offers a basic educational section, mostly aimed at beginners. It covers essential topics but lacks the depth and variety of content that Eightcap provides.
Verdict: Eightcap leads when it comes to trading education and advanced resources.
Final Verdict: Which Broker Is Right for You?
If you're still unsure between JustMarkets and Eightcap, here’s the bottom line:
Choose JustMarkets if you are new to trading, want a low minimum deposit, value flexible account types, prefer local or crypto payment methods, and want 24/7 support. It’s a great option for casual or beginner traders.
Choose Eightcap if you’re an experienced trader looking for a well-regulated broker with tight spreads, advanced tools (like TradingView and automation), and a wide range of tradable assets, especially crypto.
Both brokers are legitimate and offer solid trading environments, but your choice depends on your priorities: accessibility and affordability (JustMarkets) vs advanced features and regulation (Eightcap).
Pro Tip: If you’re still on the fence, open demo accounts on both platforms. Test out the interface, execution speed, spreads, and tools. Your personal trading style should guide your final decision. A broker is your trading partner—choose the one that fits your journey, not someone else’s.
✅ Trade with JustMarkets now: Open An Account or Visit Brokers 👈
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