Compare NPBFX vs Eightcap
What is NPBFX? What is Eightcap?
NPBFX is a trading name of NMarkets Limited, a company incorporated in Island of Moheli, Comoros Union, with a registered license number T2022137. NPBFX has been providing brokerage services on the forex market since 1996.
Eightcap is a trading name of Eightcap Pty Ltd, a company incorporated in Australia and regulated by the Australian Securities and Investments Commission (ASIC) with license number 391441. Eightcap was founded in 2009 and offers over 800 CFD markets.
NPBFX vs Eightcap Regulation Comparison
Both brokers are regulated by reputable authorities, but Eightcap has a higher level of regulation as it is subject to ASIC’s strict rules and standards, such as client money protection, financial reporting, and dispute resolution. NPBFX is regulated by the laws of Comoros Union, which may not offer the same level of protection and oversight as ASIC.
NPBFX vs Eightcap Trading Assets Comparison
NPBFX offers 38 currency pairs, gold (XAUUSD), silver (XAGUSD), and Brent (XBRUSD) & WTI (XTIUSD) oil. Eightcap offers over 800 CFD markets, including 40+ currency pairs, 15+ indices, 200+ shares, 10+ commodities, and 5 cryptocurrencies. Eightcap has a wider range of trading assets than NPBFX.
NPBFX vs Eightcap Trading Fees Comparison
NPBFX has three types of accounts: Master (minimum deposit $10, spreads from 0.8 pips, no commission), Expert (minimum deposit $5000, spreads from 0.6 pips, no commission), and VIP (minimum deposit $50000, spreads from 0 pips, commission $10 per lot).
Eightcap has two types of accounts: Standard (minimum deposit $100, spreads from 1 pip, no commission) and Raw (minimum deposit $100, spreads from 0 pips, commission $3.5 per lot). Both brokers offer leverage up to 1:500 for forex and lower leverage for other instruments. The trading fees depend on the account type, trading volume, and market conditions, but generally speaking, Eightcap has lower spreads and commissions than NPBFX.
NPBFX vs Eightcap Account Types Comparison
NPBFX has three types of accounts: Master, Expert, and VIP. Each account type has different features and benefits, such as personal manager, free VPS service, cashback program, etc. Eightcap has two types of accounts: Standard and Raw. Both account types have the same features and benefits, such as negative balance protection, no requotes or slippage, fast execution speed, etc. The main difference between the account types is the pricing model: Standard account has higher spreads but no commission, while Raw account has lower spreads but commission per lot.
NPBFX vs Eightcap Deposit Options Comparison
NPBFX supports various deposit and withdrawal methods, such as bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney/Qiwi), and cryptocurrencies (Bitcoin/Ethereum/Litecoin).
Eightcap supports fewer deposit and withdrawal methods, such as bank transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller), and online payment systems (POLi/PayTrust). Both brokers do not charge any fees for deposits or withdrawals, but third-party fees may apply depending on the payment method.
NPBFX vs Eightcap Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and reliable platforms that support advanced charting, expert advisors, custom indicators, and automated trading.
In addition to MT4 and MT5, Eightcap also offers TradingView integration, which allows traders to trade directly from TradingView charts into an account with Eightcap. TradingView is a leading social network for traders that provides access to premium charting packages, trading strategies, indicators, and signals.
NPBFX vs Eightcap Analytical Tools Comparison
Both brokers provide various analytical tools to help traders make informed decisions. NPBFX offers a portal with market news, economic calendar, trading signals, technical analysis, and chat with experts. Eightcap offers a range of tools, such as trade ideas, market forecasts, webinars, economic calendar, flash trader, crypto crusher, and capitalise.ai. Capitalise.ai is a code-free automation tool that allows traders to create, test, and automate trading strategies using everyday English.
NPBFX vs Eightcap. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each broker has its own strengths and weaknesses. However, here are some of the main factors you may want to consider:
- Regulation: Eightcap has a higher level of regulation than NPBFX, as it is regulated by ASIC, one of the most reputable and strict regulators in the world. ASIC ensures that Eightcap complies with high standards of client money protection, financial reporting, and dispute resolution. NPBFX is regulated by the laws of Comoros Union, which may not offer the same level of protection and oversight as ASIC.
- Trading Assets: Eightcap offers a wider range of trading assets than NPBFX, as it offers over 800 CFD markets, including 40+ currency pairs, 15+ indices, 200+ shares, 10+ commodities, and 5 cryptocurrencies. NPBFX offers 38 currency pairs, gold, silver, and Brent & WTI oil. If you are looking for more diversity and variety in your trading portfolio, Eightcap may be a better choice for you.
- Trading Fees: Eightcap has lower spreads and commissions than NPBFX, as it offers two types of accounts: Standard and Raw. The Standard account has higher spreads but no commission, while the Raw account has lower spreads but commission per lot. NPBFX has three types of accounts: Master, Expert, and VIP. The Master and Expert accounts have higher spreads and no commission, while the VIP account has lower spreads but commission per lot. The trading fees depend on the account type, trading volume, and market conditions, but generally speaking, Eightcap has more competitive pricing than NPBFX.
- Account Types: Both brokers offer different account types with different features and benefits. NPBFX has three types of accounts: Master, Expert, and VIP. Each account type has different minimum deposit requirements, spreads, commissions, and other benefits, such as personal manager, free VPS service, cashback program, etc. Eightcap has two types of accounts: Standard and Raw. Both account types have the same minimum deposit requirement ($100), leverage (up to 1:500), and other features and benefits, such as negative balance protection, no requotes or slippage, fast execution speed, etc. The main difference between the account types is the pricing model: Standard account has higher spreads but no commission, while Raw account has lower spreads but commission per lot.
- Deposit and Withdrawal Options: Both brokers support various deposit and withdrawal methods without charging any fees. However, NPBFX supports more payment methods than Eightcap, such as cryptocurrencies (Bitcoin/Ethereum/Litecoin). Eightcap supports fewer payment methods than NPBFX, such as online payment systems (POLi/PayTrust). Depending on your preferred payment method, you may find one broker more convenient than the other.
- Trading Platforms: Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These are popular and reliable platforms that support advanced charting, expert advisors, custom indicators, and automated trading. In addition to MT4 and MT5, Eightcap also offers TradingView integration, which allows traders to trade directly from TradingView charts into an account with Eightcap. TradingView is a leading social network for traders that provides access to premium charting packages, trading strategies, indicators, and signals.
- Analytical Tools: Both brokers provide various analytical tools to help traders make informed decisions. NPBFX offers a portal with market news, economic calendar, trading signals, technical analysis, and chat with experts. Eightcap offers a range of tools such as trade ideas market forecasts webinars economic calendar flash trader crypto crusher and capitalise.ai Capitalise.ai is a code-free automation tool that allows traders to create test and automate trading strategies using everyday English.
Based on these factors you may have a better idea of which broker suits your needs better. However you should also do your own research before opening an account with any broker as there may be other aspects that are important to you such as customer service reputation security etc .
