Compare Eightcap vs Forexee
What is Eightcap? What is Forexee?
Eightcap is a regulated forex and CFD broker that offers over 800 financial instruments, including forex, indices, commodities, shares, and cryptocurrencies. Eightcap was founded in 2009 and is headquartered in Melbourne, Australia. Forexee is an ECN/DMA online forex broker that provides access to over 90 currency pairs, as well as metals and cryptocurrencies. Forexee was established in 2004 and is based in Saint Vincent and the Grenadines.
Eightcap vs Forexee Regulation Comparison
Eightcap is authorised and regulated by the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Dubai Financial Services Authority (DFSA). Eightcap has a high trust score of 85 out of 99. Forexee is authorised and regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. Forexee has a low trust score of 58 out of 99.
Eightcap vs Forexee Trading Assets Comparison
Eightcap offers a wide range of trading assets, including 42 forex pairs, 15 indices, 10 commodities, 250 shares, and 250 cryptocurrencies. Eightcap also supports trading directly from TradingView charts.
Forexee offers a narrower selection of trading assets, including 91 forex pairs, 4 metals, and 4 cryptocurrencies. Forexee does not support trading from TradingView charts.
Eightcap vs Forexee Trading Fees Comparison
Eightcap charges variable spreads and commissions depending on the account type and the trading instrument. Eightcap offers two account types: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has lower spreads but a commission of $3.5 per lot per side. The average spread for EUR/USD on the Standard account is 1.0 pips, while on the Raw account it is 0.0 pips.
Forexee also charges variable spreads and commissions depending on the account type and the trading instrument. Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commission but higher spreads, while the ECN accounts have lower spreads but a commission ranging from $1.8 to $5 per lot per side. The average spread for EUR/USD on the STP account is 1.5 pips, while on the ECN accounts it is 0.4 pips.
Eightcap vs Forexee Account Types Comparison
Eightcap offers two account types: Standard and Raw. Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN.
Eightcap requires a minimum deposit of $100 for both the Standard and Raw accounts. Eightcap supports base currencies of AUD, USD, GBP, EUR, NZD, CAD, CHF, JPY, SGD, and HKD.
Forexee requires a minimum deposit of $50 for the STP account, $200 for the Basic ECN account, $1000 for the Advanced ECN account, and $5000 for the Premium ECN account. Forexee supports base currencies of USD, EUR, RUB, JPY, GBP, CHF, AUD, CAD, NZD, SGD, NOK, SEK.
Eightcap vs Forexee Deposit Options Comparison
Eightcap offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill (Moneybookers), Neteller (eWallet), FasaPay (eWallet), POLi Payments (Australia only), BPAY (Australia only), Broker to Broker Transfer (B2B), China Union Pay (China only), Ngan Luong (Vietnam only), Dragonpay (Philippines only), Help2Pay (Indonesia only), PayTrust88 (Malaysia only). Eightcap does not charge any fees for deposits or withdrawals.
Forexee also offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill (Moneybookers), Neteller (eWallet), WebMoney (eWallet), Perfect Money (eWallet), FasaPay (eWallet), Bitcoin (cryptocurrency). Forexee does not charge any fees for deposits or withdrawals.
Eightcap vs Forexee Trading Platforms Comparison
Eightcap supports two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications for Windows and Mac OS X devices, web-based versions that run on any browser with no installation required, and mobile apps for iOS and Android devices. Both platforms offer advanced charting tools, technical indicators, expert advisors (EAs), custom signals.
Forexee also supports two trading platforms: MetaTrader 4 (MT4) and Web Terminal. The MT4 platform is available as a desktop application for Windows devices only, while the Web Terminal is a web-based version that runs on any browser with no installation required. The MT4 platform offers advanced charting tools, technical indicators, expert advisors (EAs), custom signals.
Eightcap vs Forexee Analytical Tools Comparison
Eightcap provides various analytical tools to help traders make informed decisions, such as TradingView integration, daily trade ideas, professional trading insight, code-free automation with Capitalise.ai, FlashTrader for faster order execution, Trade Zone for weekly market forecasts and webinars, AI-powered economic calendar, and Eightcap Labs for educational resources.
Forexee provides fewer analytical tools to help traders make informed decisions, such as economic calendar, market news, and forex analytics.
Eightcap vs Forexee. 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, preferences, and goals. However, here are some general suggestions that might help you decide.
- If you are looking for a trusted and regulated broker that offers high protection for your funds, you might prefer Eightcap over Forexee. Eightcap is authorised and regulated by four reputable financial authorities, while Forexee is only regulated by one offshore regulator. Eightcap also has a higher trust score than Forexee .
- If you are looking for a diverse and extensive range of trading assets, you might prefer Eightcap over Forexee. Eightcap offers over 800 financial instruments, including forex, indices, commodities, shares, and cryptocurrencies. Eightcap also supports trading directly from TradingView charts. Forexee offers only 99 trading instruments, including forex, metals, and cryptocurrencies. Forexee does not support trading from TradingView charts.
- If you are looking for low-cost and transparent trading fees, you might prefer Eightcap over Forexee. Eightcap charges variable spreads and commissions depending on the account type and the trading instrument. Eightcap offers two account types: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has lower spreads but a commission of $3.5 per lot per side. The average spread for EUR/USD on the Standard account is 1.0 pips, while on the Raw account it is 0.0 pips. Forexee also charges variable spreads and commissions depending on the account type and the trading instrument. Forexee offers four account types: STP, Basic ECN, Advanced ECN, and Premium ECN. The STP account has no commission but higher spreads, while the ECN accounts have lower spreads but a commission ranging from $1.8 to $5 per lot per side. The average spread for EUR/USD on the STP account is 1.5 pips, while on the ECN accounts it is 0.4 pips.
- If you are looking for flexible and convenient deposit and withdrawal options, you might prefer Eightcap over Forexee. Eightcap offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill (Moneybookers), Neteller (eWallet), FasaPay (eWallet), POLi Payments (Australia only), BPAY (Australia only), Broker to Broker Transfer (B2B), China Union Pay (China only), Ngan Luong (Vietnam only), Dragonpay (Philippines only), Help2Pay (Indonesia only), PayTrust88 (Malaysia only). Eightcap does not charge any fees for deposits or withdrawals. Forexee also offers various deposit and withdrawal options, including bank wire transfer, credit/debit cards (Visa/Mastercard), Skrill (Moneybookers), Neteller (eWallet), WebMoney (eWallet), Perfect Money (eWallet), FasaPay (eWallet), Bitcoin (cryptocurrency). Forexee does not charge any fees for deposits or withdrawals.
- If you are looking for advanced and user-friendly trading platforms, you might prefer Eightcap over Forexee. Eightcap supports two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications for Windows and Mac OS X devices, web-based versions that run on any browser with no installation required, and mobile apps for iOS and Android devices. Both platforms offer advanced charting tools, technical indicators, expert advisors (EAs), custom signals. Forexee also supports two trading platforms: MetaTrader 4 (MT4) and Web Terminal. The MT4 platform is available as a desktop application for Windows devices only, while the Web Terminal is a web-based version that runs on any browser with no installation required. The MT4 platform offers advanced charting tools, technical indicators, expert advisors (EAs), custom signals.
- If you are looking for helpful and educational analytical tools, you might prefer Eightcap over Forexee. Eightcap provides various analytical tools to help traders make informed decisions, such as TradingView integration, daily trade ideas, professional trading insight, code-free automation with Capitalise.ai, FlashTrader for faster order execution, Trade Zone for weekly market forecasts and webinars, AI-powered economic calendar, and Eightcap Labs for educational resources. Forexee provides fewer analytical tools to help traders make informed decisions, such as economic calendar, market news, and forex analytics.
