Compare HF Markets vs Eightcap
What is HF Markets? What is Eightcap ?
HF Markets, also known as HotForex, is a global forex and CFD broker that was founded in 2010 and is regulated by multiple authorities, including the FCA, CySEC, DFSA, FSCA, FSA and FSC. It offers over 3500 trading instruments across various asset classes, such as forex, stocks, indices, commodities, cryptocurrencies and more. It also provides various account types, trading platforms, educational resources and bonus programs for its clients.
Eightcap is an Australian-based forex and CFD broker that was established in 2009 and is regulated by ASIC and VFSC. It offers over 700 trading instruments across forex, indices, commodities and cryptocurrencies. It also provides two account types, the MetaTrader 4 and 5 platforms, research tools and customer support.
HF Markets vs Eightcap Regulation Comparison
Both brokers are regulated by reputable authorities in their respective jurisdictions. However, HF Markets has more licenses than Eightcap, which may indicate a higher level of trustworthiness and client protection. HF Markets is authorized by the FCA in the UK, CySEC in Cyprus, DFSA in the UAE, FSCA in South Africa, FSA in Seychelles and St. Vincent and the Grenadines, and FSC in Mauritius. Eightcap is authorized by ASIC in Australia and VFSC in Vanuatu.
HF Markets vs Eightcap Trading Assets Comparison
Both brokers offer a wide range of trading instruments across various asset classes. However, HF Markets has a much larger selection than Eightcap, with over 3500 instruments compared to Eightcap’s 700. HF Markets offers more forex pairs (47 vs 42), more stocks (over 1000 vs none), more indices (over 40 vs 15), more commodities (over 20 vs 9), more cryptocurrencies (over 50 vs 5) and more ETFs (over 30 vs none). Eightcap does not offer any stocks or ETFs.
HF Markets vs Eightcap Trading Fees Comparison
Both brokers charge variable spreads and commissions for their trading services. However, the average spreads and commissions may vary depending on the account type, trading platform and market conditions. The average spread for the EUR/USD pair is lower at Eightcap (0 pips) than at HF Markets (0.1 pips), but the commission per lot is higher at Eightcap ($3.5) than at HF Markets ($3).
Both brokers also charge some non-trading fees, such as withdrawal fees, inactivity fees and conversion fees. However, these fees may vary depending on the payment method, currency and account activity.
HF Markets vs Eightcap Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences. However, HF Markets has more account options than Eightcap, with six account types compared to Eightcap’s two. HF Markets offers the Micro Account (minimum deposit $5), the Premium Account (minimum deposit $100), the Zero Spread Account (minimum deposit $200), the Auto Account (minimum deposit $200), the PAMM Account (minimum deposit $250) and the HFCopy Account (minimum deposit $300).
Eightcap offers the Standard Account (minimum deposit $100) and the Raw Account (minimum deposit $100).
HF Markets vs Eightcap Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients. However, HF Markets has more payment methods than Eightcap, with over 10 options compared to Eightcap’s 6. HF Markets accepts payments via credit/debit cards, wire transfer, Skrill, Neteller, FasaPay, WebMoney, Perfect Money, Bitcoin, Ethereum, Litecoin and Ripple. Eightcap accepts payments via credit/debit cards, wire transfer, Skrill, Neteller, PayPal and UnionPay.
Both brokers do not charge any deposit fees, but they may charge some withdrawal fees depending on the payment method and amount. For example, HF Markets charges a $3 fee for withdrawals via Skrill and Neteller, and a $30 fee for withdrawals via wire transfer. Eightcap charges a $25 fee for withdrawals via wire transfer and a 3% fee for withdrawals via PayPal.
HF Markets vs Eightcap Trading Platforms Comparison
Both brokers offer the MetaTrader 4 and MetaTrader 5 platforms as their main trading platforms. These are popular and user-friendly platforms that support various features, such as charting tools, technical indicators, market news, trading signals, automated trading and more. Both brokers also provide mobile apps for iOS and Android devices that allow traders to access their accounts and trade on the go.
The main difference between the platforms is the availability of additional tools and services. For example, HF Markets offers the HF App, which is a proprietary app that provides market analysis, education, customer support and more. HF Markets also offers the Autochartist tool, which is a market scanner that identifies trading opportunities based on technical patterns and indicators. Eightcap does not offer any proprietary app or tool apart from the MetaTrader platforms.
HF Markets vs Eightcap Analytical Tools Comparison
Both brokers provide some analytical tools and resources for their clients to enhance their trading experience and performance. However, HF Markets has more tools and resources than Eightcap, with over 10 options compared to Eightcap’s four. HF Markets offers market analysis, economic calendar, trading calculators, webinars, videos, e-books, articles and more. Eightcap offers market analysis, economic calendar, webinars and videos.
The main difference between the tools and resources is the quality and quantity. For example, HF Markets provides daily market analysis from its in-house team of analysts, while Eightcap provides weekly market analysis from third-party providers. HF Markets also provides more educational materials and webinars than Eightcap, covering various topics such as forex basics, technical analysis, fundamental analysis, risk management and more.
HF Markets vs Eightcap . Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better. Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
