Compare Eightcap vs Globex360
What is Eightcap? What is Globex360?
Eightcap is a global online trading provider that offers trading with forex and CFDs on various assets, such as indices, commodities, metals, and cryptocurrencies. Eightcap was founded in 2009 and is regulated by several authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) in the UK, and the Cyprus Securities and Exchange Commission (CySEC).
Globex360 is a South African online trading provider that also offers trading with forex and CFDs on various assets, such as indices, commodities, metals, and cryptocurrencies. Globex360 was launched in 2017 by Globex360 (PTY) LTD, a company registered under the South African Financial Sector Conduct Authority (FSCA) regulations. Globex360 also has an agreement with 360Capital Ltd, which provides its clients with fast deposits and withdrawals, segregated accounts, tailored leverage, and ECN execution.
Eightcap vs Globex360 Regulation Comparison
Eightcap has a higher trust score than Globex360, as it holds more tier-1 licenses from reputable regulators. Eightcap holds three tier-1 licenses from ASIC, FCA, and CySEC, while Globex360 holds only one tier-1 license from FSCA. Tier-1 licenses indicate a high level of trustworthiness and safety for traders.
Both Eightcap and Globex360 do not hold any tier-2 licenses, which are considered average in terms of trustworthiness. Tier-2 licenses are usually granted by emerging or developing market regulators.
Neither Eightcap nor Globex360 hold any tier-3 licenses, which are considered low in terms of trustworthiness. Tier-3 licenses are usually granted by offshore or unregulated entities.
However, Eightcap holds two tier-4 licenses from the Bahamas Securities Commission (SCB) and the Vanuatu Financial Services Commission (VFSC), while Globex360 does not hold any tier-4 licenses. Tier-4 licenses are considered very low in terms of trustworthiness and should be avoided by traders.
Eightcap vs Globex360 Trading Assets Comparison
Both Eightcap and Globex360 offer trading with forex and CFDs on various assets, such as indices, commodities, metals, and cryptocurrencies. However, Globex360 does not offer trading with non-CFD stocks, while Eightcap does not offer trading with physical cryptocurrencies.
Globex360 offers more tradeable symbols than Eightcap, with 1062 symbols compared to 736 symbols. However, Eightcap offers more forex pairs than Globex360, with 42 pairs compared to 49 pairs.
Both Eightcap and Globex360 offer social trading or copy trading features, which allow traders to follow or copy the trades of other traders on the platform.
Eightcap vs Globex360 Trading Fees Comparison
Both Eightcap and Globex360 charge variable spreads on their trades, which depend on the market conditions and the account type of the trader. However, Eightcap generally offers lower spreads than Globex360, especially on its ECN account type. For example, the average spread for EUR/USD on Eightcap’s ECN account is 0.0 pips plus a commission of $3.5 per lot per side, while the average spread for EUR/USD on Globex360’s Premium account is 0.9 pips with no commission.
Both Eightcap and Globex360 charge overnight or swap fees for holding positions overnight, which are based on the interest rate differential between the two currencies involved in the trade. However, both brokers also offer swap-free or Islamic accounts for traders who follow the Islamic faith and do not want to pay or receive interest on their trades.
Neither Eightcap nor Globex360 charge any deposit or withdrawal fees for their clients. However, both brokers may charge an inactivity fee for dormant accounts that have not been used for a certain period of time.
Eightcap vs Globex360 Account Types Comparison
Both Eightcap and Globex360 offer different account types for their clients, depending on their trading preferences and needs. However, Eightcap offers more account types than Globex360, with four account types compared to three account types.
Eightcap’s account types are Standard, Raw, Pro, and Islamic. The Standard account has no commission but higher spreads, while the Raw and Pro accounts have lower spreads but charge a commission per trade. The Islamic account is a swap-free account that follows the Sharia law. The minimum deposit for the Standard and Raw accounts is $100, while the minimum deposit for the Pro and Islamic accounts is $500.
Globex360’s account types are Classic, Premium, and Private Wealth. The Classic account has no commission but higher spreads, while the Premium and Private Wealth accounts have lower spreads but charge a commission per trade. The Private Wealth account also offers custom leverage, custom spreads, ECN execution, priority withdrawals, automated trading, and VIP events. The minimum deposit for the Classic account is $250, while the minimum deposit for the Premium and Private Wealth accounts is $1,000 and $5,000 respectively.
Eightcap vs Globex360 Deposit Options Comparison
Both Eightcap and Globex360 offer various deposit and withdrawal options for their clients, such as bank transfer, credit/debit card, e-wallets, and cryptocurrencies. However, Globex360 offers more deposit and withdrawal options than Eightcap, with 17 options compared to 12 options.
Eightcap’s deposit and withdrawal options are bank transfer, credit/debit card (Visa or Mastercard), Skrill, Neteller, FasaPay, PoliPay, DragonPay, NganLuong.vn, BPay, Broker to Broker Transfer (B2B), Bitcoin (BTC), and Tether (USDT).
Globex360’s deposit and withdrawal options are bank transfer, credit/debit card (Visa or Mastercard), Skrill, Neteller, FasaPay, PoliPay, DragonPay, NganLuong.vn, BPay, Broker to Broker Transfer (B2B), Bitcoin (BTC), Tether (USDT), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), and USD Coin (USDC).
Eightcap vs Globex360 Trading Platforms Comparison
Both Eightcap and Globex360 offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for their clients. These are globally recognised trading platforms that allow traders to analyse the markets and place trades in real-time. They also offer advanced charting, expert advisors, custom indicators, and signals.
However, Globex360 also offers the TradingView platform for its clients. TradingView is a web-based platform that integrates with Globex360’s trading accounts and allows traders to trade directly from TradingView charts. TradingView also offers social trading features, such as chat rooms, ideas sharing, and leaderboards.
Eightcap vs Globex360 Analytical Tools Comparison
Both Eightcap and Globex360 offer various analytical tools for their clients to enhance their trading experience and performance. However, Eightcap offers more analytical tools than Globex360, with four tools compared to two tools.
Eightcap’s analytical tools are Capitalise.ai, Crypto Crusher Dashboard, FlashTrader Trade Ticket, and AI-Powered Economic Calendar. Capitalise.ai is a code-free automation tool that allows traders to create, test, and automate trading strategies using everyday English. Crypto Crusher Dashboard is an exclusive tool that provides trade ideas for cryptocurrency CFDs with clear entry/exit levels and market sentiment. FlashTrader Trade Ticket is a fast order execution tool that allows traders to target multiple profits, calculate position size, and place stops and limits in a flash. AI-Powered Economic Calendar is a custom big data engine that delivers historical market impact and sentiment to help traders generate daily trade ideas from 1000+ macro-economic events.
Globex360’s analytical tools are Trade Zone and Interactive Live Events. Trade Zone is a weekly service that provides trade ideas from experts with weekly market forecasts and mid-week commentary webinars. Interactive Live Events are live sessions with guest analysts that teach traders the fundamentals of trading in a community of like-minded traders.
Eightcap vs Globex360. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading preferences, needs, and goals. However, here are some general comparisons and recommendations between Eightcap and Globex360.
- In terms of regulation, Eightcap has a higher trust score than Globex360, as it holds more tier-1 licenses from reputable regulators. This means that Eightcap is more trustworthy and safe for traders, as it follows stricter rules and standards to protect its clients. Globex360 only holds one tier-1 license from FSCA, which is considered average in terms of trustworthiness. Therefore, if you value safety and security, you may prefer Eightcap over Globex360.
- In terms of trading assets, both Eightcap and Globex360 offer trading with forex and CFDs on various assets, such as indices, commodities, metals, and cryptocurrencies. However, Globex360 does not offer trading with non-CFD stocks, while Eightcap does not offer trading with physical cryptocurrencies. Globex360 also offers more tradeable symbols than Eightcap, with 1062 symbols compared to 736 symbols. Therefore, if you want to trade with a wider range of assets and symbols, you may prefer Globex360 over Eightcap.
- In terms of trading fees, both Eightcap and Globex360 charge variable spreads on their trades, which depend on the market conditions and the account type of the trader. However, Eightcap generally offers lower spreads than Globex360, especially on its ECN account type. For example, the average spread for EUR/USD on Eightcap’s ECN account is 0.0 pips plus a commission of $3.5 per lot per side, while the average spread for EUR/USD on Globex360’s Premium account is 0.9 pips with no commission. Therefore, if you want to trade with lower costs and tighter spreads, you may prefer Eightcap over Globex360.
- In terms of account types, both Eightcap and Globex360 offer different account types for their clients, depending on their trading preferences and needs. However, Eightcap offers more account types than Globex360, with four account types compared to three account types. Eightcap’s account types are Standard, Raw, Pro, and Islamic. The Standard account has no commission but higher spreads, while the Raw and Pro accounts have lower spreads but charge a commission per trade. The Islamic account is a swap-free account that follows the Sharia law. The minimum deposit for the Standard and Raw accounts is $100, while the minimum deposit for the Pro and Islamic accounts is $500. Globex360’s account types are Classic, Premium, and Private Wealth. The Classic account has no commission but higher spreads, while the Premium and Private Wealth accounts have lower spreads but charge a commission per trade. The Private Wealth account also offers custom leverage, custom spreads, ECN execution, priority withdrawals, automated trading, and VIP events. The minimum deposit for the Classic account is $250, while the minimum deposit for the Premium and Private Wealth accounts is $1,000 and $5,000 respectively. Therefore, if you want to have more options and flexibility in choosing an account type that suits your trading style and budget, you may prefer Eightcap over Globex360.
- In terms of deposit and withdrawal options, both Eightcap and Globex360 offer various deposit and withdrawal options for their clients, such as bank transfer, credit/debit card, e-wallets, and cryptocurrencies. However, Globex360 offers more deposit and withdrawal options than Eightcap, with 17 options compared to 12 options. Therefore, if you want to have more convenience and choice in funding your trading account or withdrawing your profits, you may prefer Globex360 over Eightcap.
- In terms of trading platforms, both Eightcap and Globex360 offer the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms for their clients. These are globally recognised trading platforms that allow traders to analyse the markets and place trades in real-time. They also offer advanced charting, expert advisors, custom indicators, and signals. However, Globex360 also offers the TradingView platform for its clients. TradingView is a web-based platform that integrates with Globex360’s trading accounts and allows traders to trade directly from TradingView charts. TradingView also offers social trading features, such as chat rooms, ideas sharing, and leaderboards. Therefore, if you want to have more variety and functionality in choosing a trading platform that meets your needs and preferences, you may prefer Globex360 over Eightcap.
- In terms of analytical tools, both Eightcap and Globex360 offer various analytical tools for their clients to enhance their trading experience and performance. However, Eightcap offers more analytical tools than Globex360, with four tools compared to two tools. Eightcap’s analytical tools are Capitalise.ai, Crypto Crusher Dashboard, FlashTrader Trade Ticket, and AI-Powered Economic Calendar. Capitalise.ai is a code-free automation tool that allows traders to create, test, and automate trading strategies using everyday English. Crypto Crusher Dashboard is an exclusive tool that provides trade ideas for cryptocurrency CFDs with clear entry/exit levels and market sentiment. FlashTrader Trade Ticket is a fast order execution tool that allows traders to target multiple profits, calculate position size, and place stops and limits in a flash. AI-Powered Economic Calendar is a custom big data engine that delivers historical market impact and sentiment to help traders generate daily trade ideas from 1000+ macro-economic events. Globex360’s analytical tools are Trade Zone and Interactive Live Events. Trade Zone is a weekly service that provides trade ideas from experts with weekly market forecasts and mid-week commentary webinars. Interactive Live Events are live sessions with guest analysts that teach traders the fundamentals of trading in a community of like-minded traders. Therefore, if you want to have more tools and resources to improve your trading skills and results, you may prefer Eightcap over Globex360.
In conclusion, both Eightcap and Globex360 are reputable and reliable forex brokers that offer trading with forex and CFDs on various assets. 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 trading preferences, needs, and goals, you may find one broker more suitable than the other.
