Compare Eightcap vs Orbex
What is Eightcap? What is Orbex?
Eightcap is a forex and CFD broker that offers trading on various instruments, such as forex, indices, commodities, and cryptocurrencies. Orbex is a forex and CFD broker that also provides trading on various instruments, such as forex, metals, oil, futures, indices, and cryptocurrencies.
Eightcap vs Orbex Regulation Comparison
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) with license number 391441.
Orbex is regulated by multiple authorities, such as the Vanuatu Financial Services Commission (VFSC) with license number 40377, the Securities Commission of The Bahamas (SCB) with license number SIA-F2201, the Financial Conduct Authority (FCA) in the UK with license number 553071, the Cyprus Securities and Exchange Commission (CySEC) with license number 124/101, and other regulators in Spain, France, and Italy.
Eightcap vs Orbex Trading Assets Comparison
Eightcap offers trading on over 200 instruments, including 46 currency pairs, 15 indices, 6 commodities, and over 150 cryptocurrencies. Orbex offers trading on over 100 instruments, including 36 currency pairs, 4 metals, 2 oil products, 12 futures contracts, 14 indices, and over 30 cryptocurrencies.
Eightcap vs Orbex Trading Fees Comparison
Eightcap charges variable spreads and commissions depending on the account type. The standard account has no commission but higher spreads, while the raw account has lower spreads but a commission of $3.50 per lot per side.
Orbex also charges variable spreads and commissions depending on the account type. The classic account has no commission but higher spreads, while the standard, premium, and ultimate accounts have lower spreads but a commission of $5 per lot per side.
Eightcap vs Orbex Account Types Comparison
Eightcap offers two types of accounts: standard and raw. Both accounts have a minimum deposit of $100, a maximum leverage of 1:500, and a minimum trade size of 0.01 lot.
Orbex offers four types of accounts: classic, standard, premium, and ultimate. All accounts have a minimum deposit of $200, a maximum leverage of 1:500, and a minimum trade size of 0.1 lot.
Eightcap vs Orbex Deposit Options Comparison
Eightcap supports various payment methods for deposit and withdrawal, such as PayPal, Skrill, wire transfer, credit/debit cards, Neteller, UnionPay, crypto and Tether (USDT).
Orbex also supports various payment methods for deposit and withdrawal, such as WebMoney, Skrill, wire transfer, credit/debit cards, Neteller, FasaPay, Tether (USDT), and Perfect Money.
Eightcap vs Orbex Trading Platforms Comparison
Eightcap provides trading platforms based on MetaTrader 4 and MetaTrader 5. Both platforms are available for desktop, web, and mobile devices. Orbex also provides trading platforms based on MetaTrader 4. However, the platform is limited to 30 days of inactivity. The platform is also available for desktop, web, and mobile devices.
Eightcap vs Orbex Analytical Tools Comparison
Eightcap offers various analytical tools to help traders with their strategies. Some of the tools include economic calendar, market news, trading signals, market analysis videos, technical analysis tools, and educational resources.
Orbex also offers various analytical tools to help traders with their strategies. Some of the tools include economic calendar, market news, trading signals, market analysis videos, technical analysis tools, educational resources, webinars, podcasts, and ebooks.
Eightcap vs Orbex. 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. It depends on your personal preferences, trading goals, risk appetite, and budget. However, you can consider some of the following factors to help you make a decision:
- Regulation: If you value the security and credibility of your broker, you may want to choose a broker that is regulated by reputable authorities in your region or country. Orbex has more regulatory licenses than Eightcap, which may give you more confidence and protection when trading with them.
- Trading Assets: If you want to diversify your portfolio and trade on a variety of instruments, you may want to choose a broker that offers more trading assets. Eightcap has more trading assets than Orbex, which may give you more opportunities and flexibility when trading.
- Trading Fees: If you want to save on your trading costs and maximize your profits, you may want to choose a broker that charges lower fees. Eightcap and Orbex have different fee structures depending on the account type. You may want to compare the spreads and commissions of each account type and see which one suits your trading style and volume better.
- Account Types: If you want to have more options and features when opening an account, you may want to choose a broker that offers more account types. Orbex has more account types than Eightcap, which may give you more choices and benefits when trading with them.
- Deposit and Withdrawal Options: If you want to have more convenience and speed when depositing and withdrawing your funds, you may want to choose a broker that supports more payment methods. Eightcap and Orbex both support various payment methods, but you may want to check if they accept your preferred method and currency.
- Trading Platforms: If you want to have a reliable and user-friendly trading platform, you may want to choose a broker that provides a platform that meets your needs and preferences. Eightcap and Orbex both provide trading platforms based on MetaTrader 4, which is one of the most popular and widely used platforms in the industry. However, Eightcap also provides MetaTrader 5, which is an upgraded version of MetaTrader 4 with more features and functionalities.
- Analytical Tools: If you want to have more support and guidance when trading, you may want to choose a broker that offers more analytical tools. Eightcap and Orbex both offer various analytical tools, such as economic calendar, market news, trading signals, market analysis videos, technical analysis tools, and educational resources. However, Orbex also offers webinars, podcasts, and ebooks, which may give you more insights and knowledge when trading.
