Compare Admiral Markets vs Eightcap
What is Admiral Markets? What is Eightcap?
Admiral Markets is a global online broker that offers trading in forex, CFDs, stocks, ETFs, futures and options. Admiral Markets was founded in 2001 and is regulated by several authorities, including the UK’s FCA, Australia’s ASIC, Cyprus’ CySEC and Canada’s IIROC.
Eightcap is an online broker that specializes in forex and CFD trading. Eightcap was founded in 2009 and is regulated by Australia’s ASIC, the UK’s FCA and the Bahamas’ SCB.
Admiral Markets vs Eightcap Regulation Comparison
Admiral Markets has a higher trust score than Eightcap, based on the number and quality of their regulatory licenses. Admiral Markets holds 4 global Tier-1 licenses, while Eightcap holds 2. Admiral Markets also holds 2 global Tier-2 licenses, while Eightcap holds 1. Tier-1 licenses are considered the most reputable and trustworthy, while Tier-3 licenses are considered the least reliable.
Admiral Markets vs Eightcap Trading Assets Comparison
Admiral Markets offers a much wider range of trading assets than Eightcap. Admiral Markets provides traders with 6942 tradable symbols, including 80 forex pairs, 3449 stocks, 32 cryptocurrencies, 25 commodities, 19 indices and 18 bonds.
Eightcap offers only 736 tradable symbols, including 42 forex pairs, 9 cryptocurrencies, 17 commodities and 15 indices.
Admiral Markets vs Eightcap Trading Fees Comparison
The trading fees of Admiral Markets and Eightcap depend on the account type and platform chosen by the trader. Both brokers offer commission-free accounts with variable spreads, as well as commission-based accounts with tighter spreads. The commission-free accounts have higher average spreads than the industry average, while the commission-based accounts have lower average spreads than the industry average. Admiral Markets offers four account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5. The Trade accounts are commission-free with average spreads of 0.6 pips on EUR/USD and 1.2 pips on GBP/USD. The Zero accounts charge a commission of $3 per lot per side with average spreads of 0.1 pips on EUR/USD and 0.5 pips on GBP/USD. Eightcap offers two account types: Standard and Raw. The Standard account is commission-free with average spreads of 1 pips on EUR/USD and 1.6 pips on GBP/USD. The Raw account charges a commission of $3.5 per lot per side with average spreads of 0 pips on EUR/USD and 0.4 pips on GBP/USD.
Admiral Markets vs Eightcap Account Types Comparison
Admiral Markets offers four account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5. The main difference between them is the platform (MT4 or MT5) and the fee structure (commission-free or commission-based). All accounts have a minimum deposit of $100 and offer leverage up to 1:30 for retail clients and up to 1:500 for professional clients. Eightcap offers two account types: Standard and Raw. The main difference between them is the fee structure (commission-free or commission-based). Both accounts use the MT4 or MT5 platform and have a minimum deposit of $100. The leverage offered by Eightcap is up to 1:30 for retail clients and up to 1:500 for professional clients.
Admiral Markets vs Eightcap Deposit Options Comparison
Both Admiral Markets and Eightcap offer a variety of deposit and withdrawal options for their clients. These include bank wire transfer, credit/debit card, e-wallets (such as Skrill, Neteller, PayPal) and local payment methods (such as Sofort, iDeal, Przelewy24). Both brokers do not charge any fees for deposits or withdrawals, but some third-party fees may apply depending on the method used.
Admiral Markets vs Eightcap Trading Platforms Comparison
Both Admiral Markets and Eightcap offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their trading platforms. MT4 and MT5 are popular and widely used platforms that offer advanced charting tools, technical indicators, automated trading systems (Expert Advisors), market news and signals. Both brokers also provide web-based and mobile versions of MT4 and MT5 for easy access from any device.
Admiral Markets vs Eightcap Analytical Tools Comparison
Admiral Markets has an edge over Eightcap in terms of analytical tools and research. Admiral Markets provides traders with a range of educational and market analysis resources, such as webinars, articles, videos, podcasts, ebooks, courses and tutorials. Admiral Markets also offers premium tools, such as the MetaTrader Supreme Edition, which adds more features and indicators to the MT4 and MT5 platforms. Eightcap does not offer much in terms of analytical tools and research. Eightcap provides traders with some basic educational materials, such as articles, videos and glossary. Eightcap also offers some market analysis, such as daily market wrap-ups, weekly outlooks and trading signals.
Admiral Markets vs Eightcap. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. However, there are a few factors you can consider:
- If you value trust and regulation, you may prefer Admiral Markets, as they have more Tier 1 licenses and higher confidence scores than Eightcap.
- If you value diversity and abundance, you may prefer Admiral Markets, as they offer more assets and trading tools than Eightcap.
- If you value low costs and efficiency, you may prefer Eightcap, as they have lower spreads and average commissions than Admiral Markets.
- If you value education and analysis, you may prefer Admiral Markets as they offer more analysis tools and research resources than Eightcap.
- In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their platforms, services and features. You can also read user reviews and feedback from other traders who have experience with both brokers. This way, you can make informed and confident decisions.
