RedMars vs Eightcap
RedMars or Eightcap – which is better for UK traders 2025? Compare RedMars and Eightcap in this detailed breakdown of their platforms, features and fees.
| RedMars | Eightcap |
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| RedMars is ranked #21 among CFD brokers. | Eightcap is ranked #9 among CFD brokers. |
| Established in 2020 in Cyprus, RedMars provides attractive spreads on over 300 instruments and offers leverage up to 1:500. It has three types of accounts—Standard, Pro, and VIP—to cater to different budgetary needs and experience levels. The account opening process is swift and entirely digital. | Eightcap, an acclaimed broker regulated by the FCA, offers exceptionally low trading costs. Recognised as the top-rated brand by TradingView's vast user base of 100 million, traders can directly access the platform. UK traders can open a live account with a minimum deposit of just £100. |
| Pros | |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| No | Yes |
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, Cryptos | CFDs, Forex, Stocks, Indices, Commodities |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| €250 | £100 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| CySEC, AFM | ASIC, FCA, CySEC, SCB |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
| RedMars lacks a proprietary platform, important for novice traders. Only MetaTrader 5 (MT5) is offered, accessible on desktop, web, and mobile. The absence of MT4, cTrader, and TradingView is disheartening; MT4 is more user-friendly, cTrader boasts an intuitive interface, and TradingView excels with advanced charting and crowd-sourced indicators. | Eightcap offers MT4, MT5, and TradingView apps, being the sole FCA-regulated broker with TradingView, ideal for mobile traders seeking advanced charting. Although MetaTrader's design feels dated, its numerous technical indicators, drawing tools, diverse chart styles, and simple horizontal overlays are impressive. Push notifications and an active social network on TradingView are beneficial for traders, with Eightcap providing guidance videos on linking TradingView to iOS and Android. |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | No |
| STP Account | |
| Yes | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | TradingView Bots |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| €20 one-off, €10 thereafter | $0 |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| RedMars supports a range of short-term trading strategies across popular asset classes, including seven commodities, fourteen indices, and over 120 stocks. Leverage options extend up to 1:30 for retail traders and 1:500 for professionals, enhancing potential gains. However, the platform lacks a tool for calculating margin requirements and offers limited investment diversity. | Eightcap provides an extensive selection of trading options with over 800 CFDs covering equities, indices, bonds, commodities, and digital currencies, subject to regional availability. Traders can access leverage ranging from 1:30 to 1:500. The platform is distinguished by its sophisticated tools, including an AI-powered economic calendar that tracks over 25 countries with filters for varying impact levels. Despite these strengths, Eightcap's selection of commodities, especially softs such as cotton and wheat, along with its range of precious metals and energy assets, remains limited and could benefit from further development. |
| Leverage | |
| 1:30 (Retail), 1:500 (Pro) | 1:30 |
| FTSE Spread | |
| 15 | 1.2 |
| GBPUSD Spread< | |
| 0.7 | 0.1 |
| Oil Spread | |
| 15 | 0.03 |
| Stocks Spread | |
| Variable | 0.03 (Apple Inc) |
| Forex | |
| RedMars excels in currency trading, offering over 50 pairs, including major, minor, and exotic currencies. With spreads as low as 0.0 pips and leverage up to 1:500, it suits active traders. However, it lacks heatmaps and research tools for new traders. | Eightcap provides over 50 currency pairs, matching the industry norm but falling short of leaders like CMC Markets, which offers more than 300. Nonetheless, Eightcap distinguishes itself with institutional-quality spreads starting from 0.0 pips on major pairs such as EUR/USD. The broker's competitively low commissions at $3.50 per side further enhance its appeal. Eightcap also equips traders with comprehensive forex data, including essential fundamentals, bullish and bearish signals, and a calendar monitoring significant foreign exchange market events. |
| Assets | |
| 50+ | 50+ |
| GBPUSD Spread | |
| 0.7 | 0.1 |
| EURUSD Spread | |
| 0.7 | 0.0 |
| EURGBP Spread | |
| 1.1 | 0.1 |
| Currency Indices | |
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| Cryptocurrency | |
| RedMars provides 13 crypto CFDs, such as BTC/USD, ETH/USD, and LTC/USD. Purchasing the actual cryptocurrency is not an option. In contrast, eToro enables buying 44 different cryptocurrencies and supports copy trading for digital currencies. | Eightcap provides an outstanding crypto trading service with over 120 crypto derivatives, outperforming nearly all alternatives. Testing shows Bitcoin spreads are at a competitive 12 pips, lower than many rivals. With easy crypto deposits and withdrawals, Eightcap is the ideal choice for committed crypto traders. |
| Spread | |
| 65 | $12 (BTC) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| RedMars | Eightcap |
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