Compare MTrading vs Eightcap
What is MTrading? What is Eightcap?
MTrading is a broker that provides access to over 200 trading instruments, including forex, indices, commodities, stocks, and cryptocurrencies. MTrading is regulated by the International Financial Services Commission (IFSC) of Belize and has been operating since 2014.
Eightcap is a broker that offers over 1000 trading instruments, including forex, indices, commodities, stocks, and crypto derivatives. Eightcap is regulated by the Australian Securities and Investments Commission (ASIC) and has been operating since 2009.
MTrading vs Eightcap Regulation Comparison
Both brokers are regulated by reputable authorities, but Eightcap has a higher level of regulation as ASIC is considered one of the most stringent regulators in the world. ASIC requires brokers to adhere to strict capital requirements, client fund segregation, and fair trading practices. IFSC is a less strict regulator that does not impose any minimum capital requirements or client fund protection schemes.
MTrading vs Eightcap Trading Assets Comparison
Both brokers offer a wide range of trading assets, but Eightcap has more variety and quantity than MTrading.
Eightcap has over 1000 instruments across six asset classes, while MTrading has over 200 instruments across five asset classes. Eightcap also has more crypto derivatives than MTrading, with over 100 pairs and indices, while MTrading only has 10 crypto pairs.
MTrading vs Eightcap Trading Fees Comparison
Both brokers have competitive trading fees, but they differ in their pricing models and spreads. MTrading offers two types of accounts: Standard and ECN. The Standard account has no commission but higher spreads, while the ECN account has low spreads but a commission of $3 per lot per side. The average spread for EUR/USD on the Standard account is 1.6 pips, while on the ECN account it is 0.1 pips.
Eightcap also offers two types of accounts: Standard and Raw. The Standard account has no commission but higher spreads, while the Raw account has tight spreads but a commission of $3.5 per lot per side. The average spread for EUR/USD on the Standard account is 1 pips, while on the Raw account it is 0 pips.
MTrading vs Eightcap Account Types Comparison
MTrading offers two types of accounts: Standard and ECN. Eightcap also offers two types of accounts: Standard and Raw.
Both brokers have similar account types, but they differ in their minimum deposits and leverage levels. MTrading requires a minimum deposit of $100 for both Standard and ECN accounts, while Eightcap requires a minimum deposit of $100 for the Standard account and $500 for the Raw account. MTrading offers a maximum leverage of 1:1000 for both accounts, while Eightcap offers a maximum leverage of 1:500 for the Standard account and 1:30 for the Raw account.
MTrading vs Eightcap Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, but they differ in their fees and processing times. MTrading accepts deposits and withdrawals via bank cards, e-wallets, bank transfers, and cryptocurrencies. MTrading does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or up to one business day, while the processing time for withdrawals is up to three business days.
Eightcap accepts deposits and withdrawals via bank cards, e-wallets, bank transfers, Bitcoin, and Tether. Eightcap does not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or up to one business day, while the processing time for withdrawals is up to two business days.
MTrading vs Eightcap Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) platform as well as other platforms with advanced features. MTrading offers MT4 as well as TradingView, a web-based platform that allows traders to trade directly from charts with various indicators and tools.
MTrading also offers Cryptocrusher, a market scanner that provides crypto trade ideas with sentiment indicators and news. Eightcap offers MT4 as well as MetaTrader 5 (MT5), a newer version of the platform that has more instruments, indicators, timeframes, and order types. Eightcap also offers FlashTrader, a trade ticket that allows traders to place orders with multiple profit targets and risk management tools.
MTrading vs Eightcap Analytical Tools Comparison
Both brokers provide various analytical tools to help traders make informed decisions. MTrading provides forex guides, online webinars, market news, an economic calendar, and a blog with trading tips and insights.
Eightcap provides trade ideas, market analysis, an AI-powered economic calendar, and a blog with trading education and news.
MTrading 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, goals, and preferences. There is no definitive answer to which broker is better, as both MTrading and Eightcap have their own strengths and weaknesses. However, here are some possible factors that you may want to consider:
- Regulation: If you value the security and protection of your funds and trading activities, you may prefer Eightcap over MTrading, as Eightcap is regulated by ASIC, one of the most stringent regulators in the world. ASIC requires brokers to adhere to strict capital requirements, client fund segregation, and fair trading practices. MTrading is regulated by IFSC, a less strict regulator that does not impose any minimum capital requirements or client fund protection schemes.
- Trading Assets: If you value the diversity and quantity of trading instruments, you may prefer Eightcap over MTrading, as Eightcap has over 1000 instruments across six asset classes, while MTrading has over 200 instruments across five asset classes. Eightcap also has more crypto derivatives than MTrading, with over 100 pairs and indices, while MTrading only has 10 crypto pairs .
- Trading Fees: If you value the cost-effectiveness and transparency of trading fees, you may prefer either broker depending on your account type and trading volume. Both brokers offer two types of accounts: Standard and Raw/ECN. The Standard account has no commission but higher spreads, while the Raw/ECN account has tight spreads but a commission of $3.5/$3 per lot per side. The average spread for EUR/USD on the Standard account is 1 pips for Eightcap and 1.6 pips for MTrading, while on the Raw/ECN account it is 0 pips for Eightcap and 0.1 pips for MTrading . You may want to compare the total cost of trading for each broker based on your preferred currency pair, account type, and trading volume.
- Account Types: If you value the flexibility and accessibility of account types, you may prefer either broker depending on your minimum deposit and leverage level. Both brokers require a minimum deposit of $100 for the Standard account, but Eightcap requires a higher minimum deposit of $500 for the Raw account, while MTrading requires the same minimum deposit of $100 for the ECN account . Both brokers offer a maximum leverage of 1:1000 for the ECN account, but Eightcap offers a lower maximum leverage of 1:500 for the Standard account and 1:30 for the Raw account, while MTrading offers the same maximum leverage of 1:1000 for the Standard account. You may want to choose an account type that suits your trading capital and risk appetite.
- Deposit and Withdrawal Options: If you value the convenience and speed of deposit and withdrawal options, you may prefer either broker depending on your preferred payment method and processing time. Both brokers accept deposits and withdrawals via bank cards, e-wallets, bank transfers, and cryptocurrencies. Both brokers do not charge any fees for deposits or withdrawals, but third-party fees may apply. The processing time for deposits is instant or up to one business day for both brokers, while the processing time for withdrawals is up to three business days for MTrading and up to two business days for Eightcap.
- Trading Platforms: If you value the functionality and usability of trading platforms, you may prefer either broker depending on your preferred platform type and features. Both brokers offer the popular MetaTrader 4 (MT4) platform as well as other platforms with advanced features. MTrading offers TradingView, a web-based platform that allows traders to trade directly from charts with various indicators and tools. MTrading also offers Cryptocrusher, a market scanner that provides crypto trade ideas with sentiment indicators and news. Eightcap offers MetaTrader 5 (MT5), a newer version of the platform that has more instruments, indicators, timeframes, and order types. Eightcap also offers FlashTrader, a trade ticket that allows traders to place orders with multiple profit targets and risk management tools.
- Analytical Tools: If you value the quality and quantity of analytical tools, you may prefer either broker depending on your preferred type of analysis and education. Both brokers provide various analytical tools to help traders make informed decisions. MTrading provides forex guides, online webinars, market news, an economic calendar, and a blog with trading tips and insights. Eightcap provides trade ideas, market analysis, an AI-powered economic calendar, and a blog with trading education and news.
Ultimately, the best way to decide which broker is better for you is to try them out yourself by opening a demo or live account with each broker and testing their services firsthand. You can also read reviews from other traders who have used these brokers before making your final decision.
