Broker comparison between Exness vs EightCap
Do you want to figure out which is the better broker, exness or eightcap?
In the following table, you can compare the features of exness and eightcap side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does exness or eightcap have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that exness and eightcap are both reliable. We analyze the reasons as following:
Forex broker introduction
Exness Group was founded in 2008 and provides investors with a wide range of financial products, including currency pairs, metal encrypted digital currencies, energy, indices, and stocks. Besides, the company provides its customers with the highest quality customer service through a personalized and truly international approach. Exness official website has been localized into 15 languages, and the customer service spans 13 languages, of which 11 languages are available 24 hours a day, five days a week. English and Chinese customer services are available 24 hours a day, seven days a week.
At present, Exness has four entities in their own jurisdications under stringent regulation:
Exness (UK) Ltd authorized and regulated by FCA in the UK (license number 730729)
Exness (Cy) Ltd regulated by CySEC in Cryprus, with regulatory license number 178/12
VLERIZO (PTY) LTD authorized and regulated by FSCA (regulatory license number 51024)
Nymstar Limited regulated by FSA in Sychelles, with regulatory license number SD025
With Exness, investors are given the opportunity to access to a massive market. An extensive range of financial instruments, including currency pairs, metals, digital currencies, energies, indices, and stocks are all available on this brokerage platform.
Trading accounts on the Exness platform are available with both retail and professional.
Retail traders can choose from Standard and Standard Cent accounts, great for all types of tarders, especially novice traders. With Standard accounts, more diversified range of trading instruments are available, cryptocurrencies, energies, stocks, and indices, while Standard Cent accounts only give two classes of trading assets: Forex and Metals. The minimum initial deposit depends on payment methods, typically as low as $10.
Professional traders are given three trading account options: Raw Spread, Zero and Pro accounts, with minimum initial deposit for each account is $2,000. Likewise, a bulk of different types of trading assets are available with these three accounts.
The maximum leverage available on Exness platform is up to 1:2000, a truly generous offering. This level is idea for scalpers and professionals, as it presents more overall trading flexibility, which directly impacts profitability. However, since leverage can amplify gains as well as losses, It is essential that forex traders select the level of leverage that they feel most at ease with.
Spreads & Commissions
Spreads and commissions are determined by trading accounts. Standard accounts offer a zero-commission trading environment, with spreads starting from 0.3 pips. Professional trading account options offer raw spread with certain commissions. Raw Spread and Zero account holders are offered spreads from 0.0 pips, with a commission of up to $3.50 each side per lot and from 0.2 each side per lot. While with Pro accounts, traders can enjoy zero commission and low spreads.
Exness uses leading trading platforms on the global trading market, including MT4, MT5, and WebTerminals. Traders can develop and implement trading strategies of various levels of complexity through MetaTrader 4 and submit most types of trading orders by using two order execution methods: instant execution and market execution. In addition, analysis and trading operations in financial markets are fully automated. The main advantage of MT5 is that the development and editing interface can be started directly on the terminal, and the new program will be automatically displayed in MT5; the new language solves some of the limitations of MQL4 and adds more functions and graphical objects. The company chose the MT5 hedging mode system. Under this system, traders can open multiple positions for the same trading product, including completely opposite positions. Besides, users can also access the web version of MT4&MT5 on the company's official website.
Deposit & Withdrawal
Exness provides a variety of deposit and withdrawal options for traders to choose from, including Bitcoin (minimum deposit is 0 USD, deposit and withdrawal time is up to 72 hours), SticPay (minimum deposit is 1 USD, deposit and withdrawal are instantaneous ), TEDA coins (minimum deposit is 1 USD, deposit and withdrawal time is up to 72 hours), VISA/MASTERCARD bank card (minimum deposit is 3 USD, deposit arrives instantly, and withdrawal arrives within 3-5 days), NETELLER (minimum deposit is $10, deposit and withdrawal are instantly credited), Perfect Money (minimum deposit is $50, deposit and withdrawal are instantly credited), WebMoney (minimum deposit is $1, deposit and withdrawal are instantly credited), Skrill ( The minimum deposit is $10, and deposits and withdrawals will be credited immediately). Also, the user's credit card provider, bank, or payment system may charge user deposits and withdrawals with transaction fees or commissions that are outside the company's control. The company does not accept direct payments or other payments like third parties. The company reserves the right to investigate, cancel, or charge handling fees/fees (depending on the payment method) for any withdrawal request issued by a trading account without transaction activity.
Aside from multiple trading platform choices, Exness also give its clients an array of useful trading tools to help them quickly become an advanced and professional trader. These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, Trading Central WebTV.
Surprisingly, Exness offers social trading for inexperienced traders or newcomers to duplicate their trading accounts
Exness provides a top-notch customer service crew that gets the job done in a jiffy. The Frequently Asked Questions area and the chatbot make up the majority of Exness 's customer service offerings. Support can be reached by e-mail or by phone, and a staff of customer service representatives who speak multiple languages is available during market hours.
General Information & Regulation of EightCap
Eightcup was established in 2009 in Melbourne, Australia's traditional financial center, offering both the MT4 and MT5 trading platforms, as well as two accounts, users can trade over 250 financial instruments. Eightcup currently holds a full license from the Australian Securities and Investments Commission (ASIC) with license No.391441, and a retail forex license from the Vanuatu Financial Services Commission (VFSC), license No.40377.
Market Instruments of EightCap
EightCap offers mainstream and popular financial instruments in the global financial markets, including forex (42 currency pairs), indices, precious metals (gold, silver), crude oil. Trading hours for all Forex currency pairs are 24 hours, but to avoid the market's low liquidity of around 00:00 platform time and the resulting high spreads, the market is closed for 5 minutes from 00:00 to 00:05 platform time every day.
Minimum Deposit of EightCap
To meet investors' various investment needs and strategies, the company has set up Standard Commission-Free Accounts and Raw Spread Accounts. The minimum deposit for both accounts is$100, which is quite affordable for most regular traders.
Maximum leverage offered by Eightcap Pty Ltd is 1:30, while Maximum leverage for clients trading with Eightcap Global Ltd is up to 1:500
Spreads & Commissions EightCap Forex Broker
As shown on EightCap official Website, different account types determine spreads and commission. The Raw spread account holds several currency pairs with sprreads as low as 0.0 pips, with a commission of US$7 per standard lot. And spreads on major currency pairs start from 1.0 pips, with no commissions required.
Trading Platforms offered by EightCap
EightCap uses the popular MT4 trading platform and its latest version MT5 trading platform. MT4 provides all the necessary tools and resources that are essential for successful trading, with a range of indicators, and strategies to use. MT5 is also an advanced platform offering trading in forex, indices, shares, commodities, and cryptocurrencies. Both trading platforms are available for Apple and Android smartphones and tablets, allowing traders to view live charts, place orders, and track trade history using their mobile devices and the desktop version of MT4.
Deposit & Withdrawal
EightCap offers investors various safe and convenient ways to deposit and withdraw funds, mainly China UnionPay, bank wire transfers, Visa/MasterCard credit cards, Skrill e-wallets, and POLi. The company does not charge any fees for deposit and withdrawal, but the bank may charge users paying from non-Australian banks a fee.
Does exness or eightcap have a lower transaction costs and fees?
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 exness and eightcap are, we first considered common fees for standard accounts. On exness, the average spread for the EUR/USD currency pair is 0.1 pips, while on eightcap the spread is 0.1.
Which broker is safer, exness or eightcap?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. exness is regulated by CYSEC,FSCA,FSA. eightcap is regulated by ASIC,FCA,VFSC,SCB.
Which broker provides better trading platform, exness or eightcap?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. exness Available trading platforms include Pro、Zero、Raw Spread、Standard, tradable financial instruments include ECN、STP、Standard 、Raw eightcap works/provides Pro、Zero、Raw Spread、Standard trading platform, trading instruments ECN、STP、Standard 、Raw