Compare Eightcap vs Markets.com
What is Eightcap? What is Markets.com?
Eightcap is an Australian-based broker that offers Forex and CFD trading on the MetaTrader platform. It has low trading and non-trading fees, fast account opening, and various deposit and withdrawal options.
Markets.com is a Cyprus-based broker that offers CFD trading on its proprietary platform, as well as MT4 and MT5. It has high trading fees, but also provides a wide range of markets and products, as well as advanced research and education tools.
Eightcap vs Markets.com Regulation Comparison
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC), the Seychelles Financial Services Authority (FSA), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC) in the EU.
Markets.com is regulated by CySEC, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Australian Securities and Investments Commission (ASIC)
Eightcap vs Markets.com Trading Assets Comparison
Eightcap offers over 40 currency pairs, 250+ cryptocurrency pairs, 4 commodities, 1 index, and 900+ equity CFDs.
Markets.com offers 67 currency pairs, 25 cryptocurrency pairs, 28 commodities, 40 indices, 2,027 equity CFDs, 60 ETFs, 23 themed stock baskets, and 4 bond CFDs.
Eightcap vs Markets.com Trading Fees Comparison
Eightcap has two account types: Standard and ECN. The Standard account has no commission but higher spreads, while the ECN account has a commission of $7 per lot but lower spreads. The average spread for EUR/USD is 0.8 pips for the Standard account and 0.0 pips for the ECN account.
Markets.com has one account type: CFD. It charges a commission of $10 per lot for stock CFDs and no commission for other CFDs. The average spread for EUR/USD is 0.6 pips.
Eightcap vs Markets.com Account Types Comparison
Eightcap has two account types: Standard and ECN. The minimum deposit for both accounts is $100. The maximum leverage for both accounts is 1:500.
Markets.com has one account type: CFD. The minimum deposit for this account is $100. The maximum leverage for this account is 1:30.
Eightcap vs Markets.com Deposit Options Comparison
Eightcap supports seven base currencies: AUD, USD, GBP, EUR, NZD, CAD, and SGD. It offers various deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, POLi Payments, BPAY, FasaPay, Broker to Broker Transfer. It does not charge any deposit or withdrawal fees.
Markets.com supports eleven base currencies: USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, ZAR, AUD and CHF. It offers fewer deposit and withdrawal options than Eightcap, such as bank transfer, credit/debit card, PayPal. It does not charge any deposit or withdrawal fees either.
Eightcap vs Markets.com Trading Platforms Comparison
Eightcap uses the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for trading. These platforms are popular among traders for their user-friendly interface, advanced charting tools, automated trading features, and wide range of indicators. Eightcap also provides some additional features to enhance the MT4 platform, such as Capitalise AI (a machine-learning solution that allows traders to create automated strategies), Amazing Trader (a plugin that adds more indicators and signals), and TradingView (a social network for traders).
Markets.com uses its own proprietary platform called Marketsx for trading CFDs. This platform has a modern and intuitive design, customizable layout, advanced charting tools with over 90 indicators, personalized financial live stream service called XRay, and fourteen trading tools that include sentiment analysis, analyst recommendations, economic calendar, etc. Markets.com also offers MT4 and MT5 platforms for traders who prefer them.
Eightcap vs Markets.com Analytical Tools Comparison
Eightcap provides some basic analytical tools on its website, such as market news, economic calendar, market analysis videos, etc. However, it does not have a dedicated research team or in-house research reports.
Markets.com provides more comprehensive and sophisticated analytical tools on its website and platforms, such as market news, economic calendar, market analysis reports, trading signals, analyst recommendations, sentiment analysis, financial live stream service, etc. It also has a dedicated research team that produces in-house research reports and webinars.
Eightcap vs Markets.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their preferences, needs, and goals. However, based on the comparison of Eightcap vs Markets.com, here are some possible factors that you may consider when making your decision:
- If you are looking for a broker that offers a wide range of markets and products, as well as advanced research and education tools, you may prefer Markets.com over Eightcap. Markets.com has more trading assets, such as ETFs, themed stock baskets, and bond CFDs, than Eightcap. It also provides more comprehensive and sophisticated analytical tools, such as sentiment analysis, analyst recommendations, and financial live stream service .
- If you are looking for a broker that has low trading and non-trading fees, fast account opening, and various deposit and withdrawal options, you may prefer Eightcap over Markets.com. Eightcap has lower trading fees than Markets.com for most CFDs, except for stock CFDs. It also does not charge any deposit or withdrawal fees. It supports more base currencies and payment methods than Markets.com. It also has a faster and easier account opening process than Markets.com.
- If you are looking for a broker that uses the MetaTrader platform for trading, you may prefer Eightcap over Markets.com. Eightcap uses the MT4 and MT5 platforms for trading, which are popular among traders for their user-friendly interface, advanced charting tools, automated trading features, and wide range of indicators. Eightcap also provides some additional features to enhance the MT4 platform, such as Capitalise AI, Amazing Trader, and TradingView. Markets.com also offers MT4 and MT5 platforms for traders who prefer them, but its main platform is Marketsx, which is a proprietary platform that has a different design and functionality than MetaTrader.
Ultimately, the choice of forex broker depends on your personal preferences and trading style. You may want to try out the demo accounts of both brokers to get a feel of their platforms and services before making a final decision. You may also want to read some user reviews and ratings of both brokers to get some feedback from other traders.
