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Do you want to know which is the better broker between IG and Eightcap ?
In the table below, you can compare the features of IG , Eightcap side by side to determine the best fit for your needs.
EURUSD: -22.5
XAUUSD: 2.7
Long: -6.42
Short: 2.14
Long: -18.32
Short: 8.57
EURUSD: 0.9
XAUUSD: 0.2
Long: -6.72
Short: 2.26
Long: -28.18
Short: 8.68
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 ig, eightcap 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:
Registered in | United Kingdom |
Regulatory status | FCA, ASIC, FSA, NFA, FMA, MAS and DFSA, AMF |
Year(s) of incorporation | More than 20 years |
Market instruments | Forex, Indices, Shares, CommoditiesCryptocurrencies, Bonds, ETFs, OptionsIndustry sectors, Interest rates |
Minimum initial deposit | $250 |
Maximum leverage | 1:200 |
Minimum spread | 1 pips for EURUSD |
Demo accounts | Available |
Trading platform | Intuitive web platform, MetaTrader 4, L2 dealer and mobile apps |
Deposit and withdrawal methods | Credit/debit cards, bank transfer |
Customer Service | E-mail/phone number/address/live chat |
Fraud allegations | Yes |
Here is an official video from the company.
It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.
Pros:
Wide variety of markets and instrument options.
Intuitive and customizable trading platforms.
Access to advanced technical analysis and charting tools.
Multilingual, multi-channel customer service.
Demo account with virtual financing of $20,000.
There is no minimum deposit requirement for real accounts.
It offers leverage of up to 1:200.
Cons:
Fees and costs may not be clearly specified on the website.
Information on account types is limited.
There are not many educational resources available on the website.
The withdrawal of funds is not clearly specified.
The minimum transaction amount may be high for some markets.
No welcome bonuses or promotions are offered.
Credit card deposit fees can be high compared to other brokers.
Dimension | Advantages | Disadvantages |
Broker Model | IG offers tight spreads and fast execution due to its Market Making model. | As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients. |
IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.
IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.
In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.
Advantages | Disadvantages |
Wide variety of trading instruments | Too many instruments can be overwhelming for some |
Possibility to diversify the investment portfolio | Increased knowledge and skill is required to operate |
Opportunities to take advantage of different conditions | There may be more risk due to exposure to different markets |
Access to a wide range of international markets | Increased complexity in position and risk management |
IG offers access to more than 17,000 markets, covering Forex, Indices, Shares, Commodities, Cryptocurrencies, Bonds, ETFs, Options, Industry sectors, Interest rates, and more. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.
Advantages | Disadvantages |
- Spreads are quite competitive. - Spreads can be viewed on the website. | - There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume. |
In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.
IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.
Advantages | Disadvantages |
Demo accounts available | Lack of detailed information on account types on the website |
Single account for all customers | It can be difficult for new customers to choose a suitable account without detailed information. |
Access to all of IG's financial instruments |
IG offers a single live account for its clients and the minimum deposit required is $250. Aside from live accounts, demo accounts are also available.
Advantages | Disadvantages |
Easy-to-use intuitive web platform | Web platform may be less customizable than other platforms |
Offering MetaTrader 4, a popular and well-known platform | MetaTrader 5, the latest version of the platform, is not offered. |
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders. | L2 Dealer can be more complicated for beginner traders |
Mobile apps available for iOS and Android | Mobile apps may be less customizable than the web platform |
Wide selection of platforms to meet the needs of different types of traders | No proprietary trading platform exclusive to IG is offered. |
IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.
Advantages | Disadvantages |
Allows traders to increase their earning potential with limited capital | Leverage also increases the risk of significant losses |
Possibility of accessing larger markets without having to deposit large amounts of capital | Novice traders may have difficulty understanding and managing leverage properly. |
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage | Leverage can increase psychological pressure on traders, which can affect their decision making. |
Facilitates the possibility of profiting from small market movements | Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks. |
As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.
Advantages | Disadvantages |
Wide variety of deposit methods | No detailed information on withdrawals is provided |
Free deposits with Visa and Mastercard debit cards | Commissions on credit card deposits |
Bank transfers accepted | There are no other methods such as skrill, neteller, perfect money, etcetera. |
IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.
Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.
Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.
In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.
Question: What is the minimum deposit required to open an account with IG?
Answer: There is no minimum deposit requirement to open an account with IG.
Question: What deposit methods are accepted on IG?
Answer: IG accepts deposits through debit cards, credit cards and bank transfers.
Question: What is the maximum leverage offered by IG?
Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.
Question: How can I contact IG customer service?
Answer: You can contact IG customer service by phone, email, online chat or social media.
Question: What trading platforms does IG offer?
Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.
Question: What is the average spread for EUR/USD at IG?
Answer: The average spread for EUR/USD is one pip.
Question: Does IG offer educational resources for traders?
Answer: They offer a variety of live webinars and educational content on their YouTube channel.
Eightcap | Basic Information |
Registered Country | Australia |
Founded in | 2009 |
Regulation | ASIC,FCA, CYSEC, SCB |
Minimum Deposit | $100 USD |
Trading Assets | Forex, Cryptocurrencies, Indices, Commodities, Shares |
Trading Platform | MetaTrader 4, MetaTrader 5, Webtrader, Tradingview |
Spreads | Starting from 0.0 pips |
Commissions | $3.5 per side per lot |
Leverage | Up to 1:500 |
Demo Account | Available |
Islamic Account | Available |
Deposit Methods | Credit/debit cards, bank transfer, Skrill, Neteller, and more |
Withdrawal Methods | Same as deposit methods |
Customer Support | 24/5 live chat, phone, email support, FAQ section |
Educational Resources | Webinars, Trading Guides, Videos, Economic Calendar |
Bonus Offers | No bonus offers available |
Eightcap is a popular online forex and CFDs broker that offers access to trade various financial markets. The broker was founded in 2009 in Melbourne, Australia, and has since expanded its presence to other regions such as Europe, Asia, and the Middle East. Eightcap prides itself on providing a user-friendly trading experience, robust trading platforms, and competitive trading conditions for its clients.
The broker offers a wide range of financial instruments to trade, including Forex, Indices, Commodities, Shares, and Cryptocurrencies. Clients can access these markets through the popular trading platforms, MetaTrader 4 and MetaTrader 5. The broker also offers two types of account types to suit the individual needs of its clients, including Standard, Raw Spread, with the minimum deposit of $100 for both accounts.
Eightcap also places a strong emphasis on education, offering various educational resources to help traders improve their trading skills and knowledge. These resources include trading articles, video tutorials, webinars, and a comprehensive trading glossary. Lastly, the broker provides a 24/5 multilingual support team to assist clients with any questions or concerns they may have.
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.
We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.
Yes, Eightcap is considered a legitimate broker, regulated by reputable financial authorities such as the FCA, ASIC, and SCB. These regulatory bodies impose strict rules and regulations on the broker to ensure they operate in a fair and transparent manner, thereby providing traders with a safe and secure trading environment.
EIGHTCAP PTY LTD, its Australian entity, is authorized and regulated by the Australia Securities & Investment Commission (ASIC) under the regulatory license number 391441.
Eightcap EU Ltd, is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license no. 246/14.
Eightcap Group Ltd, its UK entity, is authorized and regulated by the Financial Conduct Authority (FCA) under the regulatory license number of 921296.
Eightcap Global Limited, the international entity, is authorized and regulated by the Security Commission of the Bamas (SCB) under the regulatory license number of SIA-F220.
Eightcap is a global forex and CFD broker offering a variety of features and benefits that make it an attractive choice for traders of all levels. One of the primary advantages of Eightcap is its range of trading instruments, including forex, indices, commodities, and cryptocurrencies. This diversity allows traders to take advantage of a wide range of market opportunities and build diversified portfolios.
In addition to its broad range of trading instruments, Eightcap also offers competitive trading conditions, such as tight spreads and low commissions, which can help traders maximize their profits. The broker also provides access to multiple trading platforms, including MetaTrader 4 and 5, as well as a proprietary platform, allowing traders to choose the platform that best suits their needs.
While there are many benefits to trading with Eightcap, there are also some potential drawbacks to consider. One of these is the limited selection of educational resources, which may be a disadvantage for novice traders. Additionally, the broker does not currently offer social trading options, and 24/7customer support.
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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.
Pros | Cons |
Wide range of market instruments including forex, indices, commodities, shares, and cryptocurrencies | Limited selection of shares compared to some other brokers |
Access to multiple trading platforms including MetaTrader 4 and 5 | Higher spreads for some cryptocurrency pairs |
No fees for deposits and withdrawals | Limited leverage for cryptocurrency trading |
Negative balance protection for all clients | Inactivity fee charged for accounts that are inactive for six months or more |
Ability to use Expert Advisors and automated trading strategies | No guaranteed stop-loss orders |
Limited educational resources compared to some other brokers | |
No social trading capabilities |
Eightcap offers competitive spreads and commissions on their trading instruments. The spreads on forex pairs start from as low as 0.0 pips on the Raw account and 1.0 pips on the Standard account. The commissions charged on forex trades start from $3.50 per lot round trip on the Raw account and there are no commissions on the Standard account.
For indices, the spreads start from 0.5 pips on the Raw account and 1.0 pips on the Standard account. There are no commissions charged on indices trading. The spreads on commodities trading start from 0.03 pips on the Raw account and 0.5 pips on the Standard account, and there are no commissions charged on commodities trading. The spreads and commissions may vary depending on market conditions and the type of account held by the trader.
The following table compares the spreads on EUR/USD, gold, and popular indices like US 500, UK 100, and AUS 200 offered by four leading brokers: Eightcap, eToro, IC Markets, and Exness.
Instrument | Eightcap | eToro | IC Markets | Exness |
EUR/USD | 0.0 pips (raw) | 1.0 pips (fixed) | 0.1 pips (raw) | 0.1 pips (raw) |
Gold | $0.30 (raw) | $0.45 (variable) | $0.28 (raw) | $0.30 (raw) |
US 500 | 0.4 pips (raw) | 0.75 pips (fixed) | 0.4 pips (raw) | 0.2 pips (raw) |
UK 100 | 1.0 pips (raw) | 1.5 pips (fixed) | 1.0 pips (raw) | 0.6 pips (raw) |
AUS 200 | 0.9 pips (raw) | 1.0 pips (fixed) | 0.5 pips (raw) | 0.6 pips (raw) |
Eightcap charges non-trading fees, which are fees not directly related to trading, such as deposit and withdrawal fees, inactivity fees, and currency conversion fees. For deposits, Eightcap does not charge any fees, but there may be fees charged by the payment provider or bank. Withdrawals made via bank transfers are free, but there is a fee of $10 for withdrawals via credit/debit cards.
Additionally, Eightcap charges an inactivity fee of $50 per quarter if there are no trades or account activity for a period of 90 days or more. It's important to note that this fee is only charged if there are sufficient funds in the account, and it does not apply to demo accounts.
Eightcap also charges a currency conversion fee of 0.5% for clients who deposit or withdraw in a currency other than their account base currency. This fee can be higher for certain currencies, so it's important to check with Eightcap for the exact fee amount. Overall, while Eightcap does charge some non-trading fees, they are competitive with other brokers in the industry.
Demo Account: EightCap provides a demo account that allows you to try out the financial markets without the risk of losing money.
Live Account: EightCap offers three types of accounts at EightCap: Raw, Standard and Tradingview accounts. All require a moderate 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. Standard and Tradingview accounts offers a commission-free trading environment, yet compensated by wider spreads, while Raw accounts offers raw spreads, accompanied by additional commissions.
Aside from two types of live trading accounts, Eightcap offers a demo account for traders who want to practice and test their trading strategies without risking real money. The demo account is free and is designed to simulate real market conditions, allowing traders to get a feel for the platform and instruments before they start trading with a live account. The demo account is funded with virtual money and offers access to the same features as the live account, including a range of instruments and trading platforms.
Opening an account with Eightcap is a straightforward process that can be completed in just a few simple steps.
First, interested individuals need to visit the Eightcap website and click on the “Creative Account” button.
From there, you will be directed to a page where you can select the account type they wish to open, either the Standard or Raw account.
After choosing the desired account type, potential clients will be required to provide some personal information, including their full name, email address, and phone number. They will also need to provide proof of identification and residency, which can be done by uploading a copy of a passport or driver's license and a recent utility bill or bank statement.
Once the required information has been submitted and verified, clients can fund their accounts by choosing from one of the available payment methods, such as bank transfer or credit card. After the account has been funded, clients can then start trading on the platform.
Eightcap offers multiple trading platforms, including the popular MetaTrader 4, MetaTrader 5 platforms WebTrader and Tradingview. These platforms are known for their user-friendly interface and advanced charting tools, making it easier for traders to analyze market data and make informed trading decisions. Additionally, Eightcap also provides a web-based trading platform that can be accessed from any device with an internet connection. This platform is ideal for traders who prefer a simpler interface or who don't want to download and install software on their device.
With the MetaTrader platforms, Eightcap offers a range of customizable features, including the ability to use custom indicators and expert advisors. These platforms also provide access to real-time market data and allow traders to execute trades quickly and efficiently. Traders can also use the platforms to set up automated trading strategies, which can be particularly useful for those who want to trade around the clock.
Furthermore, Eightcap's web-based trading platform is designed to offer a streamlined trading experience. It includes essential features such as real-time market news, customizable charts, and advanced order types. The platform also offers access to a range of educational resources, including trading videos, webinars, and tutorials, which can be helpful for new traders looking to improve their skills.
EightCap's Tradingview leverages 15+ customizable chart types, including Kagi, Renko, and Point & Figure. Organize up to 8 synchronized charts per tab and utilize 90+ smart drawing tools for comprehensive analysis.
Broker | Trading Platforms | Desktop | Web-based | Mobile |
Eightcap | MT4, MT5, WebTrader, Tradingview | Yes | Yes | Yes |
eToro | eToro Platform | Yes | Yes | Yes |
Exness | MT4, MT5, WebTerminal, Exness Trader App | Yes | Yes | Yes |
IC Markets | cTrader, MT4, MT5 | Yes | Yes | Yes |
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.
Eightcap offers a variety of deposit and withdrawal methods to cater to its clients' needs. Clients can deposit funds into their account using various methods, including credit/debit cards, bank transfers, and popular e-wallets like Neteller, Skrill, and FasaPay.
One of the advantages of Eightcap's deposit and withdrawal system is that it supports multiple currencies, including USD, EUR, AUD, GBP, CHF, and SGD. This allows clients from different parts of the world to transact in their preferred currency.
Eightcap does not charge any deposit fees, but clients may incur fees when depositing or withdrawing funds through certain payment methods. For example, bank transfers may incur fees from the client's bank or intermediary banks involved in the transaction.
Clients can withdraw their funds through the client portal area, or contact their account manager to withdraw funds. Withdrawals can be made using the same methods used for deposits, with the exception of credit cards, which can only be used for deposits. It's worth noting that withdrawals can only be made to the same account that was used to make the deposit, in compliance with anti-money laundering regulations.
With their policy of processing all withdrawal requests submitted before 01:00 PM AEST/AEDT Monday to Friday on the same business day, you can expect to receive your funds quickly and without any delays. This is particularly convenient for traders who need to access their funds urgently or simply prefer a broker with fast and reliable payment processing.
Pros | Cons |
Fast processing time for deposits | Withdrawal Limits |
Wide selection of deposit methods available | Fees may apply for certain deposit methods |
No fees for withdrawals | Withdrawal time through some methods may be slow |
Withdrawals processed on the same day | Some deposit methods may not be available in certain countries or regions |
Withdrawals may be subject to additional verification or security procedures |
Eightcap offers various educational resources to help traders improve their skills and knowledge in the financial markets. Here are some of the educational resources provided by Eightcap:
Video Tutorials: Eightcap provides a range of video tutorials that cover various trading topics, including technical analysis, trading strategies, risk management, and more. These videos are designed to help traders of all levels learn more about the financial markets.
Trading Guides: Eightcap offers a range of trading guides that cover various financial instruments, such as forex, stocks, indices, and commodities. These guides provide valuable insights into the markets and can help traders make more informed trading decisions.
Webinars: Eightcap regularly hosts webinars on various trading topics, which are presented by industry experts. These webinars are an excellent way to learn more about the financial markets and interact with other traders.
Economic Calendar: Eightcap provides an economic calendar that displays upcoming economic events and announcements that may impact the markets. This calendar can be a useful tool for traders who trade based on news events.
Trading Glossary: Eightcap provides a comprehensive trading glossary that defines various trading terms and concepts. This glossary can be a useful resource for traders who are new to the markets.
Pros | Cons |
1. Video tutorials cover a range of topics | 1. Limited number of webinars offered |
2. Trading guides available for various instruments | 2. No dedicated educational courses offered |
3. Webinars presented by industry experts | 3. Economic calendar is basic |
4. Economic calendar available | |
5. Comprehensive trading glossary available |
Eightcap's representatives are fluent in several languages, including English, Spanish, Chinese, and Arabic, among others. This ensures that clients from all over the world can receive assistance in their native language, which can be particularly helpful when dealing with complex issues.
In addition to a multilingual team, Eightcap offers several support channels, including live chat, phone, and email. Their live chat feature is available 24/5, which means clients can get instant assistance whenever they need it. Phone support is also available during business hours, and email support promises a response within 24 hours.
In addition, Eightcap has an extensive FAQ section on its website that covers various topics, such as account opening, trading platforms, funding and withdrawals, and trading conditions.
Pros | Cons |
24/5 live chat and phone support | No 24/7 customer support |
Multilingual support | No dedicated account manager |
Email support available | No social media support |
FAQ section on website | No in-person support |
In conclusion, Eightcap seems like a solid choice for traders looking for a reliable broker with a wide range of instruments, competitive pricing, and user-friendly platforms. Their customer support is also top-notch, with various ways to get in touch and a comprehensive FAQ section. While their educational resources may not be as extensive as some other brokers, they still provide useful tools and market analysis to help traders stay informed. The only potential downside is the lack of proprietary trading platforms, but with MT4, MT5, and WebTrader available, there's still plenty of options to choose from.
Q: Is Eightcap regulated?
A: Yes, Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC).
Q: What trading platforms does Eightcap offer?
A: Eightcap offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and WebTrader.
Q: What are the minimum deposit requirements for Eightcap?
A: The minimum deposit requirement for Eightcap's Standard account is $100.
Q: What is the maximum leverage available at Eightcap?
A: The maximum leverage available at Eightcap is 1:500.
Q: Does Eightcap charge commissions on trades?
A: Eightcap does not charge commissions on trades, but it does charge spreads.
Q: What is customer support like at Eightcap?
A: Eightcap offers customer support via live chat, phone, and email. Its customer support team is available 24/5.
Q: Does Eightcap offer educational resources?
A: Yes, Eightcap offers educational resources such as news and analysis,videos, trading guides, and webinars.
Q: How long does it take to withdraw funds from Eightcap?
A: Withdrawal requests submitted before 1:00 PM AEST/AEDT on business days are processed on the same day. However, the time it takes for funds to reach your account depends on the payment method you use.
Q: Can I open a demo account with Eightcap?
A: Yes, Eightcap offers a demo account that allows traders to practice their trading strategies without risking real money.
Q: What financial instruments can I trade at Eightcap?
A: Eightcap offers a wide range of financial instruments, including forex, indices, commodities, and shares.
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 ig and eightcap are, we first considered common fees for standard accounts. On ig, the average spread for the EUR/USD currency pair is EURUSD 0.6 Gold 0.3 pips, while on eightcap the spread is From 0.0.
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.
ig is regulated by ASIC,FCA,FSA,NFA,AMF,FMA,MAS,DFSA. eightcap is regulated by ASIC,FCA,CYSEC,SCB.
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.
ig provides trading platform including Standard account,DMA account and trading variety including Foreign exchange, precious metals, CFD. eightcap provides trading platform including Raw,Standard and trading variety including --.