Do you want to know which is the better broker between EightCap and AGEA ?
In the table below, you can compare the features of EightCap , AGEA side by side to determine the best fit for your needs.
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction。
2.Are the transaction costs and expenses of eightcap, agea lower?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
|Regulated by||ASIC, FCA, VFSC and SCB|
|Year(s) of establishment||10-15 years|
|Trading instruments||Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks|
|Minimum Initial Deposit||$100|
|Maximum Leverage||1:500, 1:30|
|Minimum spread||0.0 pips onwards|
|Trading platform||MT4, MT5, tradingview|
|Deposit and withdrawal method||Bank wire transfer, skrill, neteller, etcetera|
|Customer Service||Email/phone number/address/live chat|
|Fraud Complaints Exposure||Yes|
General information and regulations of EightCap
Registered in 2009 in Australia, EightCap is an online Forex broker well regulated by many regulators worldwide. We have ASIC, FCA, VFSC and SCB.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.
At the end of the article, we will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks.....EightCap allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on EightCap.
Spreads and commissions for trading with EightCap
Spreads and commissions vary between instruments and accounts. In the raw account, spreads are lower, but a commission of 3.5 USD per lot is required. In the standard account, there is no such a commission, but the spreads are relatively higher.
Account Types for EightCap
Demo Account: EightCap provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: We have 2 types of accounts at EightCap: raw and standard. Both have a minimum deposit of 100 USD, which is quite friendly for beginners. Their most relevant differences consist in the spreads, the raw account has a lower spread.
Trading platforms offered by EightCap
In terms of trading platforms, EightCap offers several options: MT4, MT5 and tradingview, all of them are popular public trading platforms and the clients may choose the one they prefer.
Leverage offered by EightCap
The maximum leverage is determined by the regulator; the maximum ASIC leverage is only 1:30, but the Bahamas SCB allows a leverage of 1:500. However, other trading conditions may vary accordingly and you can decide for yourself.
High leverage is ideal for active traders and scalpers, as it presents greater trading flexibility in general, which directly impacts profitability, but new users are advised to operate with caution with such large leverage.
Deposit and withdrawal methods and fees
Currently, customers can open accounts and deposit funds in the following currencies: AUD, USD, GBP, EUR, NZD, CAD and SGD. EightCap claims that it will try to process your withdrawal request within 24 business hours. Withdrawals and deposits are free of charge, but EightCap is not responsible for payment institution fees.
Not many educational resources are available at EightCap. Although with the well-developed internet, clients have easy access to a wealth of information, it would be even better for a broker to provide exclusive resources as a sign of their professionalism and dedication to clients.
Customer support of EightCap
Here are more details about customer service
Languages: German, English, Chinese, Spanish, French, Italian, Portuguese, etc.
Service hours: 24/5
Address: 208 Church Street, Sandyport, Nassau, The Bahamas
Phone: +61385922375, +67835382
Social Media: Facebook, twitter, LinkedIn, Instagram, YouTube
Users exposures on WikiFX
On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Advantages and disadvantages of EightCap
Many instruments available
Too many complaints
Few information available
No copy trading
Few educational resources
Frequent asked questions about EightCap
Is this broker well regulated？
Yes, it is currently effectively regulated by ASIC, FCA, VFSC and SCB
What trading platforms does this broker offer？
The platform offered by EightCap is MT4, MT5 and tradingview.
General Information & Regulation
AGEA is an online trading provider based in Montenegro, founded in 2005, offering investors a diverse range of investment tools through the leading MT4 trading platform. AGEA is currently not subject to any effective regulation.
Tradable financial assets available for trading on the AGEA platform include Forex currency pairs, stocks, indices, commodities, bonds, funds, and CFDs.
AGEA's Streamster and MT4 trading platforms have several different trading accounts, respectively. The Streamster account has a minimum deposit of $1. The MT4 platform contains three different accounts, the Cent account (minimum deposit of $6), the Standard account (minimum deposit of $100), and the Fixed Spreads account. Additionally, demo and Islamic accounts also offered.
The maximum trading leverage offered by AGEA is up to 1:100, when it comes to trading leverage. Professional traders may hold that this leverage level is a little conservative. Inexperienced traders, however, are not advised to use such high trading leverage since leverage can amplify both profits as well as losses.
Spreads & Commissions
When it comes to spreads & Commissions, or trading fees, AGEA is quite vague about this. The spread on EURUSD pair is arouns 1.2 pips, which is slightly high for a market maker.
AGEA offers traders the flexibility to choose between two trading platforms, Streamster, the most popular trading platform on the market today, and MT4, a powerful and easy-to-use trading platform with its own algorithmic trading API and unique features, including an international multi-channel chat where traders can freely talk about markets or any other topic, and real-time service support to customers.
Deposit & Withdrawal
AGEA supports traders to deposit and withdraw funds to and from their investment accounts via various methods such as wire transfer, credit and debit cards, as well as popular e-wallets such as Neteller, Skrill, FasaPay, Perfect Money, Webmoney, QIWI, etc.
AGEA Pros & Cons
AGEA advantages Inlcude:
1. Wide range of trading asset
2. Two trading platforms available
3. Multiple deposit and withdrawal options
4. Low minimum deposit requirements
AGEA disadvantages Include:
1. No regulation
2. No key information on spreads, fees, swaps, etc
3. Not accepting US clients
4. Limited educational resources
5. Not providing real-time customer service
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive eightcap and agea are, we first considered common fees for standard accounts. On eightcap, the average spread for the EUR/USD currency pair is From 0.0 pips, while on agea the spread is --.
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
eightcap is regulated by ASIC,FCA,VFSC,SCB. agea is regulated by --.
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
eightcap provides trading platform including Raw,Standard and trading variety including --. agea provides trading platform including -- and trading variety including --.