Compare FxGlory vs Eightcap
What is FxGlory? What is Eightcap?
FxGlory is an online forex and CFD broker that offers trading services in various markets, such as currency pairs, commodities, indices, stocks, and cryptocurrencies. FxGlory was founded in 2011 and is headquartered in Georgia.
Eightcap is an online forex and CFD broker that offers trading services in over 200 instruments, including currency pairs, indices, commodities, shares, and cryptocurrencies. Eightcap was founded in 2009 and is headquartered in Australia.
FxGlory vs Eightcap Regulation Comparison
FxGlory is regulated by the Financial Services Commission (FSC) of Saint Vincent and the Grenadines. FxGlory does not hold any other licenses from reputable regulators, such as ASIC, FCA, or CySEC.
Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and the Vanuatu Financial Services Commission (VFSC). Eightcap also holds a license from the Financial Conduct Authority (FCA) in the UK through its subsidiary Eightcap Global Ltd.
FxGlory vs Eightcap Trading Assets Comparison
FxGlory offers trading in 34 currency pairs, 11 commodities, 15 indices, 50 stocks, and 5 cryptocurrencies. The total number of tradable symbols is 115.
Eightcap offers trading in 42 currency pairs, 17 commodities, 15 indices, 650 shares, and 12 cryptocurrencies. The total number of tradable symbols is 736.
FxGlory vs Eightcap Trading Fees Comparison
FxGlory charges variable spreads and commissions depending on the account type. The average spread for the EUR/USD pair is 2 pips for the Standard account, 0.7 pips for the Premium account, and 0.2 pips for the VIP account. The commission per lot is $10 for the Premium account and $5 for the VIP account.
Eightcap charges variable spreads and commissions depending on the account type. The average spread for the EUR/USD pair is 1.2 pips for the Standard account and 0 pips for the Raw account. The commission per lot is $0 for the Standard account and $3.5 for the Raw account.
FxGlory vs Eightcap Account Types Comparison
FxGlory offers three types of accounts: Standard, Premium, and VIP. The minimum deposit for each account is $1, $1,000, and $5,000 respectively. The maximum leverage for each account is 1:3000, 1:2000, and 1:1000 respectively.
Eightcap offers two types of accounts: Standard and Raw. The minimum deposit for both accounts is $100. The maximum leverage for both accounts is 1:500.
FxGlory vs Eightcap Deposit Options Comparison
FxGlory supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfer, Skrill, Neteller, Perfect Money, WebMoney, Bitcoin, Litecoin, Ethereum, Tether, and Payza. FxGlory does not charge any fees for deposits or withdrawals.
Eightcap supports various deposit and withdrawal methods, such as credit/debit cards, bank wire transfer, Skrill, Neteller, POLi Payments, BPAY Payments, China UnionPay Payments. Eightcap does not charge any fees for deposits or withdrawals.
FxGlory vs Eightcap Trading Platforms Comparison
FxGlory offers two trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are available as desktop applications, web-based platforms, and mobile apps. Both platforms support multiple order types, charting tools, technical indicators, automated trading strategies (Expert Advisors), and market news.
Eightcap offers one trading platform: MetaTrader 4 (MT4). The platform is available as a desktop application, a web-based platform, and a mobile app. The platform supports multiple order types, charting tools, technical indicators, automated trading strategies (Expert Advisors), and market news.
FxGlory vs Eightcap Analytical Tools Comparison
FxGlory and Eightcap both provides some analytical tools to its clients, such as economic calendar, market news feed,forex calculator, trading signals, and market analysis.
FxGlory 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, preferences, and goals. FxGlory and Eightcap are both online forex and CFD brokers that offer trading services in various markets. However, they have some notable differences in terms of regulation, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms, and analytical tools.
- Regulation: Eightcap has a clear advantage over FxGlory in terms of regulation. Eightcap is regulated by three reputable authorities: ASIC, FCA, and VFSC. FxGlory is only regulated by the FSC of Saint Vincent and the Grenadines, which is not a very strict or reliable regulator. Therefore, Eightcap is more trustworthy and secure than FxGlory.
- Trading Assets: Eightcap also has a clear advantage over FxGlory in terms of trading assets. Eightcap offers trading in over 200 instruments, including 42 currency pairs, 17 commodities, 15 indices, 650 shares, and 12 cryptocurrencies. FxGlory offers trading in only 115 instruments, including 34 currency pairs, 11 commodities, 15 indices, 50 stocks, and 5 cryptocurrencies. Therefore, Eightcap provides more diversity and flexibility than FxGlory.
- Trading Fees: Eightcap and FxGlory have different fee structures depending on the account type. Eightcap charges variable spreads and commissions for both Standard and Raw accounts. FxGlory charges variable spreads for the Standard account and variable spreads plus commissions for the Premium and VIP accounts. The average spread for the EUR/USD pair is lower for Eightcap than for FxGlory for both Standard and Raw accounts. The commission per lot is also lower for Eightcap than for FxGlory for both Raw and VIP accounts. Therefore, Eightcap is more cost-effective than FxGlory.
- Account Types: Eightcap and FxGlory offer different account types with different features. Eightcap offers two types of accounts: Standard and Raw. The minimum deposit for both accounts is $100. The maximum leverage for both accounts is 1:500. FxGlory offers three types of accounts: Standard, Premium, and VIP. The minimum deposit for each account is $1, $1,000, and $5,000 respectively. The maximum leverage for each account is 1:3000, 1:2000, and 1:1000 respectively. Therefore, Eightcap has simpler and more accessible account types than FxGlory.
- Deposit and Withdrawal Options: Eightcap and FxGlory support various deposit and withdrawal methods without charging any fees. Eightcap supports credit/debit cards, bank wire transfer, Skrill, Neteller, POLi Payments, BPAY Payments, China UnionPay Payments. FxGlory supports credit/debit cards, bank wire transfer, Skrill, Neteller, Perfect Money, WebMoney, Bitcoin, Litecoin, Ethereum, Tether, Payza. Therefore, FxGlory has more deposit and withdrawal options than Eightcap.
- Trading Platforms: Eightcap and FxGlory both offer MetaTrader 4 (MT4) as their trading platform. MT4 is a popular and user-friendly platform that supports multiple order types, charting tools, technical indicators, automated trading strategies (Expert Advisors), and market news. However, FxGlory also offers MetaTrader 5 (MT5), which is an upgraded version of MT4 that has more features and functionalities. Therefore, FxGlory has more trading platform options than Eightcap.
- Analytical Tools: Eightcap and FxGlory both provide some analytical tools to their clients to help them make informed trading decisions. Both brokers provide economic calendar,market news feed, trading calculator,trading signals, and market analysis. However,FxGlory’s market analysis seems to be less frequent and less detailed than Eightcap’s market analysis. Therefore,Eightcap’s analytical tools are more comprehensive than FxGlory’s analytical tools.
