Compare EagleFX vs Eightcap
What is EagleFX? What is Eightcap?
EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for global traders.
Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With five global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes.
EagleFX vs Eightcap Regulation Comparison
EagleFX is not regulated by any reputable authority, which means that it does not offer any protection or compensation to its clients in case of insolvency or misconduct.
Eightcap, on the other hand, is regulated by the Australian Securities and Investments Commission (ASIC) and the Seychelles Financial Services Authority (FSA), which are both well-respected regulators that impose strict rules and standards on brokers. Eightcap also holds client funds in segregated accounts and provides negative balance protection to its customers.
EagleFX vs Eightcap Trading Assets Comparison
EagleFX offers trading on over 200 instruments, including forex, CFDs, indices, stocks, commodities, and cryptocurrencies. Eightcap offers trading on over 800 instruments, including forex, CFDs, indices, shares, commodities, and cryptocurrencies. Both brokers offer a wide range of crypto derivatives, more than most brokers, including crypto crosses and indices.
EagleFX vs Eightcap Trading Fees Comparison
EagleFX charges low spreads and commissions on its trades, with an average spread of 0.3 pips on the EUR/USD pair and a commission of $6 per lot round turn.
Eightcap also charges low spreads and commissions on its trades, with an average spread of 0.0 pips on the EUR/USD pair and a commission of $7 per lot round turn on its Raw account. Both brokers do not charge any deposit or withdrawal fees.
EagleFX vs Eightcap Account Types Comparison
EagleFX offers only one type of account to its clients, which is the Standard account. This account has a minimum deposit of $10 and allows trading with leverage up to 1:500.
Eightcap offers two types of accounts to its clients, which are the Standard account and the Raw account. The Standard account has a minimum deposit of $100 and allows trading with leverage up to 1:500. The Raw account has a minimum deposit of $100 and allows trading with leverage up to 1:500 as well, but it offers lower spreads and higher commissions than the Standard account.
EagleFX vs Eightcap Deposit Options Comparison
EagleFX accepts deposits and withdrawals via credit cards, debit cards, wire transfer, PayPal, Bitcoin, and other cryptocurrencies. Eightcap accepts deposits and withdrawals via credit cards, debit cards, wire transfer, PayPal, Skrill, Neteller, FasaPay, Worldpay, and other local payment methods.
EagleFX vs Eightcap Trading Platforms Comparison
EagleFX uses the MetaTrader 4 (MT4) platform as its main trading platform. MT4 is a popular and reliable platform that offers advanced charting, technical analysis tools, expert advisors (EAs), custom indicators, and automated trading options.
Eightcap uses both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as its main trading platforms. MT4 and MT5 are similar in many aspects but MT5 offers some additional features such as more timeframes, more indicators, more order types, more execution modes, an economic calendar, a strategy tester, and a multi-asset trading environment. Eightcap also integrates with TradingView, which is another powerful platform that offers interactive charts, social trading features, code-free automation tools, market data feeds, news alerts, and trade ideas.
EagleFX vs Eightcap Analytical Tools Comparison
EagleFX provides some basic analytical tools such as an economic calendar, a market news section, a blog with educational articles, and a live chat support service.
Eightcap provides more advanced analytical tools such as an AI-powered economic calendar that delivers historical market impact and sentiment data for over 1000 macro-economic events; a Cryptocrusher market scanner that provides trade ideas, clear entry/exit levels, and market sentiment for over 100 crypto derivatives; a FlashTrader tool that allows quick and easy placement of orders, stops, and limits with one click; a Trade Zone section that offers weekly trade ideas, market forecasts, and commentary webinars from experts; and a live events section that hosts regular guest analyst sessions and educational workshops.
EagleFX vs Eightcap. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. Both EagleFX and Eightcap are reputable forex brokers that offer competitive services and products to their clients. However, they also have some differences in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools. Depending on your preferences and priorities, you may find one broker more suitable than the other.
