Binary Mate vs Eightcap, 2024 Update
Read our In-Depth Binary Mate vs Eightcap Review - Updated for 2024
This comprehensive analysis of Binary Mate and Eightcap has been revised to reflect any changes for 2024 from seasoned professionals boasting years of financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of Binary Mate vs Eightcap does not apply to all countries as follows:
Binary Mate Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Eightcap Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Binary Mate vs Eightcap
All trading platforms will have a few advantages and disadvantages, so any comprehensive analysis of Binary Mate vs Eightcap would not be regarded as thorough without embracing an objective perspective.
Assess Eightcap and Binary Mate to understand how these platforms line up with each prior to you create an account. Performing a comprehensive comparison can bring aspects in perspective so that you remain informed about what to expect.
So you are looking for a reputable broker and are choosing between Binary Mate or Eightcap. Who is better in 2024?
This Binary Mate vs Eightcap comparison contains the latest information so you can easily compare Eightcap against Binary Mate.
If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You'll acquire adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal agent who'll be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. Binary Mate and Eightcap are just two such companies which will take you and your investment into great heights. It's crucial that you compare Binary Mate vs Eightcap until you trust them with your money.
Our Binary Mate vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Binary Mate and Eightcap side by side.
Our full Binary Mate vs Eightcap Review covers everything you need to know about trading with either Binary Mate or Eightcap. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investment objectives.
There is no sure-fire method to ensure profits; thus, you must carefully assess your broker before you select them. It's a common misconception that all agents are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
Binary Mate and Eightcap are both brokers that have found their way successfully into the brokerage world. Within this review, we've tried to collate a number of the important facets of both Binary Mate and Eightcap. This review can help you to understand whether either Eightcap or Binary Mate is a fantastic fit for your investments or not. We've tried to breakdown all of the qualities and charges for your advantage.
Benefits of Binary Mate and Eightcap Compared
Binary Mate offers a minimum deposit of $1000 while Eightcap offers a $100 minimum deposit.
Why smaller minimum deposits are good and how Binary Mate and Eightcap compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Binary Mate has around 54 financial instruments whilst Eightcap has around 54 financial instruments available.
The more financial instruments you can trade on the Binary Mate and Eightcap trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of Binary Mate or Eightcap.
Binary Mate and Eightcap Contact Details
Being able to contact an online trading platform simply is important. Binary Mate and Eightcap have the following contact details and social medias that you can use.
Broker | Binary Mate | Eightcap |
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Telephone Number | +61 3 8373 4800 | |
customerservice@eightcap.com | ||
Address | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU | |
Binary Mate Twitter Account | Eightcap Twitter Account | |
Binary Mate Facebook Page | Eightcap Facebook Page | |
Binary Mate Instagram Account | Eightcap Instagram Account | |
Binary Mate LinkedIn Page | Eightcap LinkedIn Page | |
YouTube | Binary Mate YouTube Channel | Eightcap YouTube Channel |
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Eightcap and Binary Mate Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing Binary Mate and Eightcap will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Binary Mate vs Eightcap - Awards
Broker | Binary Mate | Eightcap |
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Awards | At the time of writing this Binary Mate review, and despite Binary Mate’s impressive offering, the company has surprisingly not garnered any awards to date. |
Eightcap have won several industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for Eightcap below.
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Find Out More |
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Binary Mate vs Eightcap - Frequently Asked Questions
Binary Mate vs Eightcap - Headquarters And Year Of Founding
Binary Mate was founded in 2013 and has its headquaters in Malaysia.
Eightcap was founded in 2009 and has its head office in Australia.
What is the minimum deposit for Eightcap or Binary Mate
The minimum deposit for Binary Mate is $1000.
The minimum deposit for Eightcap is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Binary Mate and Eightcap are a good option.
Binary Mate vs Eightcap - Regulation And Licencing In More Detail
Binary Mate is regulated by Cyprus Securities and Exchange Commission (CySEC).
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both Binary Mate and Eightcap have a powerful collection of rules for ensuring honest trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare Binary Mate vs Eightcap Commission And Fees
Binary Mate and Eightcap are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the amount of customers they have.
But this does not necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for various services to earn money. There are primarily three different types of fees for this objective.
The first sort of fees to keep an eye out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In these instances, you are spending a spread, funding speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the gap between the buying and selling cost. Funding or overnight prices are people that are billed when you hold a leveraged position for more than a day.
Aside from trading charges, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.
Generally, neither Binary Mate or Eightcap charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for people who regularly exchange, for example daily or weekly trading.
However, non-trading fees charged by Binary Mate and Eightcap are comparatively competitive. Consequently, you are billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This Binary Mate vs Eightcap review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For Binary Mate And Eightcap
What Languages Do Binary Mate And Eightcap Support?
Being able to communicate easily with your trading platform is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Here you can find all the languages that both Binary Mate and Eightcap offer communication in.
How Many Clients Do Binary Mate and Eightcap Have?
Both Binary Mate and Eightcap are well established with their customer base. It is really important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients Binary Mate and Eightcap are active on their platform
What Payment Methods Do Binary Mate and Eightcap Accept?
Binary Mate and Eightcap both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Binary Mate and Eightcap
What Can You Trade With Binary Mate and Eightcap?
Binary Mate offers 54 trading instruments whilst Eightcap offers 100.
Below you will find a full breakdown of what both Binary Mate and Eightcap offer.
Binary Mate Review
Binary Mate vs Eightcap:
Table Of Contents
- Compare Binary Mate vs Eightcap
- Benefits of Binary Mate and Eightcap Compared
- Eightcap and Binary Mate Mobile App Comparison
- Binary Mate vs Eightcap - Awards
- Binary Mate vs Eightcap - Frequently Asked Questions
- What is the minimum deposit for Eightcap or Binary Mate
- Binary Mate vs Eightcap - Regulation And Licencing In More Detail
- Compare Broker Fees For Binary Mate And Eightcap
- What Languages Do Binary Mate And Eightcap Support?
- How Many Clients Do Binary Mate and Eightcap Have?
- What Payment Methods Do Binary Mate and Eightcap Accept?
- What Can You Trade With Binary Mate and Eightcap?