Compare NordFX vs Eightcap
What is NordFX? What is Eightcap?
NordFX is an international forex broker established in 2008. It provides online trading platforms and free training for traders of different levels and backgrounds. It offers low spreads from 0.0 pips, leverage up to 1:1000, support 24/5, order execution 0.5 seconds, mobile trading and direct ECN flow. It has four types of accounts: Fix, Pro, Zero and Savings. It also has a Mega Super Lottery promotion that gives clients a chance to win prizes in 2023.
Eightcap is a regulated forex and CFD broker founded in 2009. It aims to provide traders with smart trading tools and solutions, such as TradingView integration, daily trade ideas, professional trading insight and code-free automation. It has low spreads from 0.0 pips, leverage up to 1:500, support 24/5, order execution 0.01 seconds, mobile trading and access to interbank liquidity (ECN). It has two types of accounts: Standard and Raw. It also has a Trade Zone section that offers weekly market forecasts and webinars.
NordFX vs Eightcap Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| NordFX | Vanuatu Financial Services Commission (VFSC) | 15008 |
| NordFX | Cyprus Securities and Exchange Commission (CySEC) | 209/13 |
| NordFX | Securities and Exchange Board of India (SEBI) | INZ000007534 |
| Eightcap | Australian Securities and Investments Commission (ASIC) | 391441 |
| Eightcap | Vanuatu Financial Services Commission (VFSC) | 40377 |
NordFX vs Eightcap Trading Assets Comparison
Both brokers offer a wide range of trading instruments across various asset classes, such as forex, indices, commodities, stocks, cryptocurrencies and more. Here is a list of some of the markets they offer:
- Forex: Both brokers offer over 30 currency pairs, including majors, minors and exotics.
- Indices: Both brokers offer over 10 global indices, such as S&P 500, NASDAQ 100, FTSE 100, DAX 30 and more.
- Commodities: Both brokers offer over 10 commodities, such as gold, silver, oil, natural gas, copper and more.
- Stocks: Both brokers offer over 100 stocks from various sectors and regions, such as Apple, Amazon, Tesla, Facebook, Alibaba and more.
- Cryptocurrencies: Both brokers offer over 10 cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Ripple and more.
NordFX vs Eightcap Trading Fees Comparison
| Broker | Account Type | Spread | Commission | Swap |
|---|---|---|---|---|
| NordFX | Fix | From 2 pips | No | Yes |
| NordFX | Pro | From 0.9 pips | No | Yes |
| NordFX | Zero | From 0.0 pips | Yes (0.0035% per trade) | Yes |
| NordFX | Savings | N/A | N/A | N/A |
| Eightcap | Standard | From 1 pip | No | Yes |
| Eightcap | Raw | From 0.0 pips | Yes ($3.5 per lot) | Yes |
NordFX vs Eightcap Account Types Comparison
| Broker | Account Type | Minimum Deposit | Maximum Leverage | Quote Precision |
|---|---|---|---|---|
| NordFX | Pro | $100 USD or equivalent in other currencies | 1:1000 | 5 digits |
| NordFX | Zero | $500 USD or equivalent in other currencies | 1:1000 | 5 digits |
| NordFX | Savings | $500 USD or equivalent in stablecoins (USDT, DAI, USDC) | N/A | N/A |
| Eightcap | Standard | $100 AUD or equivalent in other currencies | 1:500 | 5 digits |
| Eightcap | Raw | $100 AUD or equivalent in other currencies | 1:500 | 5 digits |
NordFX vs Eightcap Deposit Options Comparison
Both brokers offer various deposit and withdrawal options for their clients, such as bank wire transfer, credit/debit cards, e-wallets and cryptocurrencies. Here is a list of some of the payment methods they support:
- Bank wire transfer: Both brokers support bank wire transfer as a payment method, but they may charge fees and have different processing times depending on the bank and the country of origin.
- Credit/debit cards: Both brokers accept credit/debit cards as a payment method, such as Visa, Mastercard and Maestro. They may charge fees and have different processing times depending on the card issuer and the country of origin.
- E-wallets: Both brokers accept e-wallets as a payment method, such as Skrill, Neteller, WebMoney, Perfect Money and more. They may charge fees and have different processing times depending on the e-wallet provider and the country of origin.
- Cryptocurrencies: Both brokers accept cryptocurrencies as a payment method, such as Bitcoin, Ethereum, Litecoin, Ripple and more. They may charge fees and have different processing times depending on the cryptocurrency network and the country of origin.
NordFX vs Eightcap Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and powerful platforms that provide advanced charting, expert advisors, custom indicators, signals and more. They are available for desktop, web and mobile devices. Here are some of the differences between them:
- MT4: This is the older version of the platform that is widely used by traders around the world. It has a simple and user-friendly interface that allows traders to execute orders, analyze markets and manage their accounts. It supports four types of orders: market, limit, stop and trailing stop. It also supports nine timeframes, three chart types and over 50 technical indicators.
- MT5: This is the newer version of the platform that offers more features and capabilities than MT4. It has a more modern and customizable interface that allows traders to access more markets, tools and functions. It supports six types of orders: market, limit, stop, stop limit, trailing stop and slippage control. It also supports 21 timeframes, six chart types and over 80 technical indicators.
In addition to MT4 and MT5, Eightcap also offers TradingView integration that allows traders to trade directly from TradingView charts into an account with them. TradingView is a leading social network for traders that provides advanced charting, trading strategies, indicators and signals. It also offers a premium package that includes more features and benefits
NordFX vs Eightcap Analytical Tools Comparison
Both brokers offer various analytical tools to help traders make informed decisions and improve their trading performance. Here are some of the tools they offer:
- NordFX:
- Forex and Cryptocurrencies Forecast: This is a weekly report that provides market analysis and predictions for major currency pairs and cryptocurrencies based on technical and fundamental factors.
- Economic Calendar: This is a tool that displays important economic events and indicators that may affect the market movements and volatility.
- Trading Signals: This is a service that allows traders to copy the trades of successful traders who share their strategies and results on the platform.
- Savings Account: This is a unique feature that allows traders to earn interest on their deposits in stablecoins (USDT, DAI, USDC) while also having the option to take loans on their investment to trade.
- Eightcap:
- Trade Zone: This is a section that provides weekly trade ideas from their experts, with weekly market forecasts and mid-week commentary webinars.
- AI-powered Economic Calendar: This is a tool that uses artificial intelligence to deliver historical market impact and sentiment to help traders generate daily trade ideas from over 1000 macro-economic events.
- Crypto Crusher: This is an exclusive dashboard that provides trade ideas for cryptocurrencies, with clear entry/exit levels and market sentiment.
- Capitalise: This is a tool that allows traders to create, test and automate trading strategies using everyday English without coding.
- FlashTrader: This is a tool that allows traders to target multiple profits, calculate position size, and place stops and limits in a flash with just one click.
NordFX vs Eightcap . Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as it depends on your personal preferences, trading goals, risk appetite and budget. Friend. However, here are some possible advantages and disadvantages of each broker that you can consider:
- NordFX:
- Advantages: Low minimum deposit, high leverage, direct ECN flow, Mega Super Lottery promotion, Savings Account feature, Trading Signals service.
- Disadvantages: Higher spreads on some account types, commission on Zero account, limited payment methods for cryptocurrencies.
- Eightcap:
- Advantages: Low spreads, TradingView integration, AI-powered Economic Calendar, Crypto Crusher dashboard, Capitalise tool, FlashTrader tool.
- Disadvantages: Higher minimum deposit, lower leverage, commission on Raw account, no trading signals service.
Ultimately, the best way to decide which broker suits you better is to try them out yourself. You can open a demo account with both brokers and test their platforms, features and services without risking any real money. You can also compare their live trading conditions and customer support by opening a small live account with them. This way, you can get a firsthand experience of their performance and reliability.
