Eightcap has spent the last decade building out MT5 and TradingView-native execution under ASIC and FCA cover. NextTrade is a 2026 launch from the team behind FunderPro, licensed by FSC Mauritius. Both target the same trader: the one outgrowing a starter broker but not ready for the bureaucracy of a tier-one name.
Quick verdict
Eightcap is the more established of the two with three regulators and a longer track record. NextTrade competes on lower commission per lot, higher leverage and a simpler account structure. If regulator quality is your deal breaker, Eightcap wins. If trading cost matters most, NextTrade is cheaper per round turn.
Spreads and commission
- NextTrade Raw: 0.0 pips plus $4 per lot round turn. VIP tier sits below that with monthly volume.
- Eightcap Raw: 0.0 pips plus $7 per lot round turn ($3.50 per side).
- Eightcap Standard: spreads from 1.0 pips, no commission.
On Raw accounts, NextTrade is cheaper by $3 per lot round turn. For an EA running 200 lots a month, that is a $600 annual saving.
Regulation
Eightcap holds ASIC, FCA and CySEC licences. That is a real three-regulator stack with genuine investor protection. UK clients trading through the Eightcap UK entity get FSCS cover up to £85,000.
NextTrade operates under FSC Mauritius alone (GB25204563). It is a legitimate offshore authorisation but sits well below FCA or ASIC for client fund protection.
If you are in the UK, EU or Australia, Eightcap is the safer legal entity to trade through.
Leverage
NextTrade offers up to 1:1000 leverage. Eightcap caps at 1:500 offshore and 1:30 for UK, EU or Australian retail clients. High-leverage scalpers will find NextTrade gives more room.
Platforms
Eightcap supports MT4, MT5 and TradingView. TradingView trading integration is a live, real feature, not just charting. NextTrade is MT5 only at launch, with no MT4 or TradingView option.
If you already build charts in TradingView and want to click-trade from there, Eightcap is the one.
Account types
Eightcap offers Standard and Raw. Simple, binary choice. NextTrade offers Standard, Raw and a VIP tier that rebates commission as monthly volume climbs. For high-volume traders, the NextTrade VIP tier is the more interesting of the two.
Instruments
Eightcap covers forex, indices, commodities, crypto and shares. Its crypto range is broader than most similar-sized brokers. NextTrade launches with forex, indices, metals and energies. No crypto CFDs, no shares.
If you trade Bitcoin, Ethereum or altcoin CFDs as part of your setup, Eightcap is the choice.
Deposits and withdrawals
Both accept card, bank wire and crypto. Eightcap adds PayPal, Skrill and Neteller. NextTrade lists alternative local payment methods via its processor stack. Withdrawal speed is broadly similar on cards.
Minimum deposit
Both brokers sit at $100 minimum. Entry bar is identical. The decision is on everything above that.
Who should pick which
Pick Eightcap if you want FCA or ASIC cover, TradingView integration, crypto CFDs or shares. Pick NextTrade if you want lower round turn cost, a VIP rebate tier, higher leverage or you specifically want to trade with the FunderPro broker.
FAQ
Is Eightcap regulated?
Yes. Eightcap is authorised by ASIC, the FCA and CySEC. UK clients of the FCA entity are covered by FSCS up to £85,000 per person.
Is NextTrade safer than Eightcap?
On regulator tier, no. Eightcap's FCA and ASIC licences offer stronger investor protection than NextTrade's single FSC Mauritius authorisation.
Which has lower trading costs?
NextTrade. Its Raw account is $4 per lot round turn versus Eightcap Raw at $7. Live spreads start at 0.0 pips on both during liquid sessions.
Does NextTrade offer TradingView?
Not at launch. NextTrade runs MetaTrader 5 only. Eightcap supports MT4, MT5 and TradingView with live trading from TradingView charts.
Which has a wider range of markets?
Eightcap. It covers forex, indices, commodities, crypto and share CFDs. NextTrade launches with forex, indices, metals and energies and does not offer crypto or shares yet.
What is the minimum deposit at each?
Both are $100. Entry requirements are the same on each side.