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

Trying to choose between Eightcap and Coinswitch 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 3, 2025

Eightcap

Coinswitch

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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.

Coinswitch is ideal if:

Perfect for quick, hassle-free trades — its aggregator model lets you instantly compare and access the best prices across multiple exchanges without managing several accounts.
Great for beginners and casual users — ultra-simple interface, fast KYC, and mobile support make it easy to get started and trade on the go.
Handy for privacy-focused and non-custodial users — you keep control over your assets, with no need to deposit funds into the platform itself.

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.

Coinswitch isn’t ideal if:

You need advanced trading tools — CoinSwitch’s aggregator model doesn't offer structured margin trading, charting, or deep order book functionality.
You expect full transparency on fees — its fees are embedded in the quoted rates, which may feel less clear than openly itemized costs.
You rely on ready access to fiat withdrawals — crypto-to-fiat conversions and bank withdrawals might be slower or less seamless than full-fledged exchange platforms.

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.

CoinSwitch applies a tiered fee model for spot trading where fees decrease as your 30-day trading volume grows—casually higher at entry-level tiers, tapering gradually for higher volumes to reward active traders, without locking you into token-based discounts.

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.

On CoinSwitch PRO, perpetual futures contracts include distinct maker and taker costs—maker being lower than taker—and although explicit funding rates aren’t publicly outlined, they operate as standard for perpetual contracts, adjusting with market conditions and applied periodically.

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.

Although specific spread figures aren’t published, CoinSwitch leverages aggregated liquidity from multiple venues, so spreads on major pairs like BTC/USDT or ETH/USDT tend to be competitive, reflecting real-time best market prices sourced from deeper pools.

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.

Fiat transactions are handled via standard banking channels (like transfers or UPI/net banking), offering reliable but somewhat slower processing, with modest cost differences depending on method—fast and instant options are often available but may incur slightly higher charges.

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.

Crypto withdrawals—when accessible—are priced according to network demand, meaning fees adapt dynamically (e.g. BTC, ETH, TRX), rather than being pegged to fixed amounts, helping align closely with actual blockchain conditions.

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.

Users should stay aware of currency conversion spreads when moving between fiat or crypto pairs, fees tied to prolonged inactivity or expedited KYC processes, and possible deviations embedded in quoted prices that may not appear separately itemized.

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.

Buying approximately 500 EUR worth of BTC would involve the spot fee applied to that amount, plus any spread embedded in the purchase price, and then the chosen method’s withdrawal or network cost; in practical terms that means slightly less than 500 EUR in BTC once all trading and transfer costs are accounted for.

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.

CoinSwitch offers access to hundreds of cryptocurrencies—figures vary between 250+ to 650+ depending on the platform tier—and more than 45,000 trading pairs in total, with the top 20 by volume typically including major assets like BTC/USDT, ETH/USDT, SOL, ADA, and BNB on CoinSwitch PRO.

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.

Users can trade spot and perpetual futures (no margin) and now have access to crypto options with flexible expiries; original aggregator features include SIP (automated regular buys), SmartInvest, and advanced API functionality, while products such as ETFs, staking, loans, copy-trading, grid bots, or automated DCA aren’t supported.

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.

While CoinSwitch doesn’t maintain its own order book, it taps into partner exchanges to deliver deep liquidity, especially on BTC and ETH pairs—ensuring solid 24-hour volume and book depth via aggregated sources, even though precise volume figures aren’t publicly disclosed.

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.

The PRO interface includes essential order types like market, limit, and stop-loss (plus OCO in some cases), integrated TradingView charts, real-time alerts, and a robust API/WS setup for both spot and futures—though native TradingView remained limited to charting without full platform integration.

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.

Advanced instruments such as futures and the newly launched crypto options are generally limited to Indian users or select jurisdictions; more restrictive regions may only have access to basic spot aggregation services, not derivative products.

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.

CoinSwitch continues innovating with features like crypto options offering multiple expiry choices, and varied investment tools like SIP and SmartInvest; however, traditional forms like launchpads, launchpools, flexible vs locked yield programs remain absent from its ecosystem.

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.

CoinSwitch is operated by operating entities such as Bitcipher Labs LLP (and related entities), incorporated in India and headquartered in Bengaluru, and has been active since its founding in 2017, serving as one of the country’s primary crypto platforms.

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.

The platform is registered with India’s Financial Intelligence Unit (FIU-IND) and complies with KYC, AML, and CFT regulations; it also holds ISO/IEC 27001:2022 certification for its data security framework.

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.

Custody is managed via trusted third-party custodians using multi-party computation (MPC) safeguards and encrypted cloud infrastructure; CoinSwitch publishes regularly audited Proof of Reserves reports that consistently show it holds assets equal to or exceeding client holdings.

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.

There is no public mention of any insurance policy or dedicated protection fund for user assets beyond standard safeguards and reserve backing.

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 notable past incidents of hacks, service suspensions, freezes, or regulatory fines reported for CoinSwitch, indicating a clean security track record.

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.

To protect user assets, CoinSwitch enforces two-factor authentication (2FA), PIN or biometric app locks, SSL/TLS encryption, anti-phishing measures, and secure API key management; however, support for sub-accounts or API permission granularity is not prominently featured.

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).

CoinSwitch demonstrates transparency through independently reviewed Proof of Reserve publications and publishes reserve audits; while live wallet addresses are sometimes shared, there’s no formal SLA or regular monthly user reports.

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.

The platform supports Indian users primarily with UPI and bank transfers, offering straightforward deposit flows with rapid crediting; there are generally no stated minimums or maximum limits, yet processing can take up to 24–48 hours in edge cases.

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.

Identity verification is quick and streamlined through a video-KYC process; most users complete a single KYC tier sufficient to unlock full trading capabilities—there are no distinct “basic” or “advanced” tiers publicly outlined, and limits are implied rather than formally segmented.

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 available via supported networks such as ERC-20 or TRC-20 where applicable; timing is generally swift once initiated, though specific withdrawal ceilings aren’t transparently listed and depend on network conditions and anti-fraud checks.

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.

Support includes 24/7 availability through in-app chat, email ticketing, and a dedicated FAQ hub that handles common issues; response times vary but generally resolve routine inquiries promptly, with clear procedural guidance available online.

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 interface is fully English and tailored for Indian users with INR display and local payment integration; fees appear in INR though sometimes mirrored for understanding in USD/EUR, and regulatory messaging aligns with Indian compliance norms.

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.

CoinSwitch’s mobile app receives frequent updates, with recent versions focused on improved UI, enhanced security, performance optimization, and greater stability; overall, the app is robust and reliable for daily trading.

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.

The mobile app provides a clean, intuitive interface designed for instant onboarding, ideal for beginners, while CoinSwitch PRO caters to advanced users with a denser, more data-rich screen optimized through a recent redesign for better structure and faster coin discovery.

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.

An enhanced matching engine powers faster trade executions and clear pre-trade pricing details, helping reduce lag even during volatile periods; historically, the platform maintains stability under load with no widely reported outages or excessive KYC delays.

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.

CoinSwitch maintains an active content hub featuring educational video series on futures and options, beginner-friendly explainers, and technical analysis blogs; however, while rich in English, the platform lacks Spanish-language learning resources or a full demo/simulator environment.

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.

The platform fosters an engaged user base through its newsletter updates, educational blogs, and community-driven feedback programs, and offers a referral program rewarding both users and friends, though there’s no official presence on Discord or public forum channels.

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.

CoinSwitch PRO supports API trading with robust endpoints for spot and futures, including features like arbitrage-finder; it doesn’t yet offer native TradingView chart embeddings, external bot support, tax-specific integrations, or 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.

CoinSwitch suits beginners and long-term investors who value simplicity, trust, and educational support, with PRO attracting semi-professionals or tech-savvy traders; full-fledged traders or institutional users seeking highly customizable tools may find the platform’s ecosystem still maturing.