Eightcap vs Bakeryswap: Fees, Security, Features & Which to Choose (2025)

Trying to choose between Eightcap and Bakeryswap This side-by-side comparison reveals total cost (fees + spreads), security & licenses, coins/derivatives, deposits/withdrawals, and app quality. In 2 minutes you’ll see who wins for beginners, active traders, and long-term holders. Clear pros/cons, a quick verdict, and safe links to get started.

Last updated on September 1, 2025

Eightcap

Bakeryswap

Legal Name: BakerySwap (officially goes by the name of its platform)
Number of Cryptocurrencies: Over 50 tokens
Regulator: Unregulated (it's a decentralized exchange)
Founded: 2020
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Available Countries

United States

Europe

Yes

Latin America

Yes

India

Yes

China

Canada

Yes

United Kingdom

Yes

United States

Yes

Europe

Yes

Latin America

Yes

India

China

Yes

Canada

Yes

United Kingdom

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Eightcap is ideal if:

Strong for technical traders — supports MT4, MT5 and TradingView with advanced charting and code‑free automation, perfect for hands‑on, strategy-driven trading.
Regulated & cost‑efficient — overseen by multiple top-tier authorities and offers tight spreads plus no deposit or inactivity fees, appealing for safety‑ and budget‑conscious users.
Less ideal for beginners — wide instrument offerings and advanced tools may overwhelm newer traders seeking simpler platforms or built‑in educational guidance.

Bakeryswap is ideal if:

You want low-fee, fast DeFi: BakerySwap runs on Binance Smart Chain and several other chains, offering cost-efficient, speedy transactions—notably cheaper and faster than Ethereum-based platforms.
You enjoy integrated DeFi + NFTs: It seamlessly blends decentralized exchange features with an NFT marketplace and themed "combo" staking pools, making it a one-stop hub for DeFi and collectibles.
You value governance and community input: Operates under a DAO structure with a deflationary token model, empowering BAKE holders to participate in decision-making and ecosystem shaping.

Eightcap isn’t ideal if:

Not for long-term investors — only CFD-based trading is supported, so you can’t actually own real stocks or crypto assets.
Modest educational resources — lacks extensive learning materials or in-depth investor education, which can be a hurdle for newcomers.
Some transparency gaps — limited public disclosure of financials and occasional regulatory complexity may make due diligence harder.

Bakeryswap isn’t ideal if:

You rely on fiat on-ramps or advanced order types: It’s purely a DeFi AMM DEX with no fiat deposits, no traditional order book, and lacks advanced trading tools.
You’re new to crypto and need handholding: There’s no direct customer support and the interface isn’t as beginner-friendly compared to some other platforms.
You seek broad token variety or deep liquidity: Token selection is limited, and liquidity can be thinner than on more established DEXs, which may affect trade execution.

Fees & Total Costs

Spot Maker/Take

Eightcap offers two account types: Standard (spread-only, no commission) and Raw (very tight spreads plus fixed commission of $3.50 per standard lot, per side). There are no volume-tier pricing or native token discounts—pricing remains flat regardless of trading volume or token holdings.

BakerySwap uses a flat swap fee of 0.30% per transaction—there are no separate maker or taker tiers or volume discounts tied to trading volume or native token holdings.

Futures/Derivatives

Eightcap specializes in CFDs (including futures-like products) but does not publicly provide maker/taker fee tiers like traditional futures exchanges. Costs are embedded in bid/ask spreads and overnight financing (swap rates), which vary by asset class and are automatically applied when positions are held past daily cut-off.

BakerySwap does not offer futures or derivative instruments—only spot token swaps are available. Therefore, there are no maker/taker or funding fees applicable.

Average Spreads on Liquid Pairs

Crypto trading as CFDs is offered, but spreads vary by instrument. According to recent data, they start around 170 pips for Bitcoin (BTC) and 20 pips for Ethereum (ETH), reflecting typical broker-wide CFD markups—not tight like spot crypto exchanges, but acceptable for leveraged derivatives access.

As an AMM-based decentralized exchange, BakerySwap doesn’t quote traditional spreads—instead, price differences stem from automated pool-based pricing and probable minimal slippage on highly liquid BEP-20 pairs.

Fiat Deposits & Withdrawals

Eightcap supports a wide array of fiat deposit and withdrawal methods—bank transfers, credit/debit cards, e-wallets (e.g., PayPal, Skrill, Neteller), and others—with no internal fees charged by Eightcap. Deposits can be processed instantly or within 24 business hours; withdrawals generally process within one day, though third-party or banking intermediaries may apply their own charges or delays.

BakerySwap does not support fiat currency—there are no deposit or withdrawal methods, fees, or wait times for euros, dollars, or other fiat, as it’s a purely crypto-native platform.

On-chain Withdrawals

Eightcap does not support withdrawing cryptocurrencies “on-chain”, as all crypto exposure is via CFDs. You cannot withdraw actual BTC, ETH, TRX, or other tokens—so there are no network fees, fixed or dynamic.

There are no platform-set withdrawal fees—users only pay standard network gas fees when transferring assets like BTC (via wrapped tokens), ETH, BNB, TRX, etc., depending on the network’s current demand.

Hidden Costs

While Eightcap is transparent on major fees, some additional costs may apply: currency conversion fees if your deposit/withdrawal currency differs from your account’s base currency; a $10 inactivity fee after three months of no trading or funding for certain entities; and possibly expedited KYC or handling charges, depending on jurisdiction or service tier—though these are uncommon and not prominently advertised.

There are generally no hidden fees—no currency conversion fees, no inactivity fees, and no KYC express charges, as BakerySwap is decentralized and doesn’t require KYC or impose dormant account penalties.

Real-World Cost Example: “€500 BTC

If you use €500 to “buy” BTC via CFD: First, your Standard account would incur a spread cost (embedded in the price), or with Raw you’d pay a minimal spread plus about €3.50 commission per side. Since it’s a CFD, there’s no actual BTC to withdraw, so no withdrawal fees or network charges apply. Any currency conversion (EUR to account base) may add a small FX cost—so your total cost includes spread + commission (if Raw) + potential FX conversion, but no actual blockchain or custody expenses.

If you swapped the equivalent of €500 worth of BEP-20 BTC on BakerySwap, you’d incur a flat 0.30% swap fee and whatever minor slippage the AMM mechanics impose, plus pay standard BSC network gas when withdrawing the tokens—there would be no additional platform or fiat conversion charges.

Crypto Offering & Trading Features

Number of Coins & Pairs

Eightcap offers over 250 crypto derivatives that include a wide range of coins, crosses, and indices—way beyond the top 20 by volume, though it doesn’t break down exactly which are most popular.

BakerySwap supports a moderate selection of BEP-20 tokens (dozens) rather than hundreds, and does not provide an explicit ranked top-20 by trading volume; its focus is on popular Binance Smart Chain pairs rather than exhaustive listings.

Product Range

Eightcap exclusively provides CFD-based crypto instruments, which function like margin or perpetuals but underestimate ownership—you won’t find options, ETFs, staking, loans, bots, or DCA tools directly on the platform.

The platform strictly offers spot swaps via AMM, NFT minting and marketplace, staking/farming (liquidity provision), and a token/NFT launchpad; it does not support margin, perpetuals, options, ETFs, lending, copy trading, grid bots, or auto-DCA.

Liquidity

While specific 24-hour volumes and order-book depths aren’t publicly listed, Eightcap leverages NDD/ECN execution through professional liquidity providers, offering comparatively deep liquidity for major crypto CFDs like BTC and ETH.

On-chain liquidity is decentralized—24-hour volumes exist per pool but are not aggregated or publicly ranked for BTC/ETH pairs, and there is no order-book depth as pricing is determined through pool reserves and AMM mechanics.

Tools

You get a full suite of limit, stop, OCO orders, price alerts, advanced charting across MT4, MT5, and TradingView (with native integration), plus access to APIs and WebSockets—ideal for custom trading or automation.

BakerySwap does not use order types like limit, stop, or OCO, does not offer alert systems, advanced charts, API/WebSocket, or native TradingView integration; transactions and analytics are handled directly in the DEX interface or via external analytics platforms.

Geographic Restrictions by Product

There are regional limitations: for example, UK-based retail clients cannot trade crypto derivatives due to FCA rules, and similar restrictions may apply elsewhere depending on local regulation. Eightcap doesn’t currently offer launchpads, pools, or staking/earn products, so there’s no innovative token launch or flexible/locked earn feature—its focus remains strictly on regulated CFD derivatives.

Being a decentralized platform, BakerySwap generally does not restrict access by region; however, anecdotal reports suggest that availability may vary based on local regulations and individual wallet jurisdiction—not enforced by the platform directly.

Innovation

Eightcap doesn’t currently offer launchpads, pools, or staking/earn products, so there’s no innovative token launch or flexible/locked earn feature—its focus remains strictly on regulated CFD derivatives.

The platform is strong in innovation with its integrated NFT launchpad (focused on NFTs rather than tokens), dual-mode staking options (flexible yield farming with variable-themed pools), and a curated NFT gallery for creators and collectors.

Security, Regulation & Custody

Operating Entity & Jurisdiction

Eightcap is operated by several legal entities across jurisdictions—most prominently Eightcap Pty Ltd in Australia, and others in the UK, Cyprus, and the Bahamas—with founding traces around 2009 and reported operational headquarter roots in Melbourne.

BakerySwap operates under a decentralized autonomous organization (DAO) structure with no centralized legal entity disclosed, launched in 2020, and primarily functions on the Binance Smart Chain ecosystem.

Licenses/Registration

Eightcap holds licenses under multiple regulators including ASIC (Australia), FCA (UK), CySEC (Cyprus) and SCB (Bahamas); it does not specifically operate under VASP or MiCA frameworks for crypto, as it offers CFDs rather than spot crypto services.

As a decentralized protocol, BakerySwap operates without formal licensing or VASP/ MiCA registrations; it does not fall under traditional regulatory frameworks applicable to centralized platforms.

Custody

Eightcap uses third-party segregated bank accounts to hold client funds separately from corporate capital; it does not offer Proof of Reserves or cold storage audits, as it doesn’t custody actual cryptocurrencies.

Funds remain with users in their own wallets (non-custodial model); the smart contracts have undergone security audits (e.g., via CertiK) and benefit from on-chain monitoring, though there’s no formal proof of reserves or specified cold storage protocol.

Insurance & Protection Funds

Depending on the regulatory entity, clients may benefit from protections like the UK’s FSCS coverage (up to £85,000) or the EU’s equivalent; however, there is no blanket crypto-insurance or industry-wide protection fund.

BakerySwap does not offer insurance or protective funds—there’s no compensation scheme in place for losses linked to smart contract bugs or exploits.

Incident History

Eightcap’s public incident record includes self-reported compliance breaches with ASIC (regarding leveraged CFD limits), and abrupt service cuts to proprietary trading firms—not hacks or technical breaches.

There are no known incidents involving hacks, service suspensions, asset freezes, or regulatory fines associated with BakerySwap to date.

Risk Controls

Security controls include SSL encryption, optional two-factor authentication (2FA), negative balance protection, and advanced platform-level features (e.g., in MT4/MT5). Whitelists, anti-phishing tools, sub-accounts, or granular API permissions are not explicitly noted.

As a decentralized app, BakerySwap includes standard blockchain wallet security (2FA or anti-phishing tools are dependent on the user’s wallet, not the platform), and it lacks features like whitelists, sub-accounts, or granular API permissions.

Transparency

Eightcap publishes regulatory disclosures and periodic financial reports (like Pillar III disclosures for its EU entity), supports regulatory transparency, but does not offer public crypto wallet addresses or express service-level agreements (SLAs).

The platform provides public smart contract information and governance participation, but it does not issue regular reports, maintain a public wallet for protocol funds, or advertise any formal service-level agreements (SLA).

Deposits, Withdrawals, KYC & Support

Fiat Deposit Methods

Eightcap supports more than 15 deposit options—including bank transfers, credit/debit cards, UnionPay, POLi, BPay, Skrill, Neteller, and more—processing most deposits within 24 business hours, with some methods instant; deposit minimums and maximums vary by payment provider and region.

BakerySwap does not support any fiat deposit methods such as bank transfers, cards, or e-wallets—since it’s a purely decentralized crypto platform, there are no fiat minimums, maximums, or processing times.

Supported Fiat Currencies & Conversion

KYC (Verification Levels)

KYC is mandatory before trading or withdrawing; there’s no anonymous tier—users must complete basic identity verification (photo ID, proof of address), with advanced checks possibly required for larger withdrawal volumes or specific payment methods.

There is no KYC process of any kind; BakerySwap operates entirely without identity verification or account-level limits tied to KYC tiers.

Withdrawals

Withdrawal times depend on method—e-wallets and cards typically process within 1–2 business days, bank transfers up to 3–7 days; crypto (if supported) allows instant withdrawals with minimums often starting around $10–$50 depending on currency and method.

Withdrawals are simply crypto transfers initiated from users’ wallets—there are no platform-imposed limits or specific network restrictions; transaction times depend on blockchain network speed.

Customer Support

Support is available through email and live chat, with a comprehensive FAQ and knowledge base for common queries; while exact SLA response times aren’t listed, support is generally responsive and available across operational hours.

There is no built-in 24/7 chat or direct email support; users rely on the help center with guides and FAQs, and support is primarily through the community via forums, Telegram, Twitter, and other social channels.

Languages & Localization

The interface and support materials are localized for multiple regions, including Spanish and euro-denominated clients, with regional configurations to reflect appropriate compliance and fee presentation in local context.

The platform does not provide a localized Spanish-native interface or display fees in euros, nor does it tailor operations to Paraguayan or other local regulations—the interface remains largely global and English-focused.

App Quality & Stability

Eightcap’s mobile and desktop platforms (via MT4/MT5 or proprietary portals) are known for polished functionality and regular updates; while no formal crash-rate metric is published, user feedback suggests solid reliability and steady performance.

BakerySwap does not offer a dedicated mobile app—usage is through web-based dApp access via wallets like MetaMask; though user feedback suggests generally stable performance, there are no formal crash rate metrics or update logs provided.

Experience, Performance & Ecosystem

UX/UI

Eightcap offers a responsive and consistent trading interface across desktop, web, and mobile, crafted using a scalable design framework for seamless cross-device usability—though it doesn’t present clearly segmented “Lite” or “Pro” modes, the choice of platforms (MT4, MT5, TradingView) naturally scales based on experience and preference.

BakerySwap’s interface is functional but minimalist—there’s no distinct “Lite” or “Pro” mode; the design leans on simplicity but may feel dense for new users, with no built-in mode-switching to ease the learning curve.

Performance

Eightcap delivers fast order execution with low latency and no major reported platform outages during volatile periods; some users note that high demand environments can stretch KYC processing slightly, but overall it remains efficient and reliable.

Its decentralized execution means actions are generally fast under normal conditions, though performance can slow slightly during extreme volatility—there are no fallbacks like centralized queueing or KYC delays impacting usability.

Education

The platform includes a robust demo environment—accessible via MT4/MT5—typically lasting 30 to 35 days, enabling realistic, risk-free practice; educational materials are available though comprehensive academy-style resources or content in Spanish appear limited.

The platform lacks a dedicated academy, demo tools, or simulators, and educational content in Spanish is limited—most users learn through community channels or external guides rather than official platform resources.

Community

There’s no strong evidence of active community forums, Discord, or Telegram channels officially hosted by Eightcap, and details around a structured referral program are not prominently displayed—suggesting community engagement is more organic or via broader social and review platforms.

Active participation from users happens through official Telegram and Twitter channels, supplemented by forums; referral or ambassador programs may exist informally but are not prominently featured.

Integrations

Eightcap shines in integrations, offering seamless TradingView connectivity, support for automated strategies via MT4/MT5 environments, and accessibility through API/WebSocket channels—though dedicated tax tools or accounting integrations don’t appear to be offered.

BakerySwap supports emerging cross-chain use (e.g., Arbitrum, Polygon, Base) and integrates with DEX aggregators like 1inch, although it doesn’t offer direct TradingView charts, external bot connections, or built-in tax/accounting tools.

Who Each One Is Best For

This platform is ideal for active and technically minded traders who value speed, integration flexibility, and advanced charting—especially those comfortable navigating MT4/MT5 or TradingView—while casual or education-focused users seeking built-in community tools or localized learning may find it less tailored to their needs.

The platform is well-suited to DeFi-savvy users who appreciate token/NFT combos, multi-chain capabilities, and novel AI/creative integrations; it’s less ideal for traders seeking learning aids, advanced tools, or a highly guided experience.