ThinkMarkets vs Eightcap, Updated for 2022
Read our In-Depth ThinkMarkets vs Eightcap Review - 2022 Update
This ThinkMarkets vs Eightcap review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs Eightcap review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
Eightcap Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a professional broker and are choosing between ThinkMarkets or Eightcap. Which one is best in 2022?
This ThinkMarkets vs Eightcap review contains the most recent information so you can easily compare Eightcap against ThinkMarkets.
If you are a new entrant in the world of trading and brokerages, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. ThinkMarkets and Eightcap are two such trading platforms which will take you and your investment to great heights. It's crucial to compare ThinkMarkets vs Eightcap until you trust them with your money.
Our ThinkMarkets vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and Eightcap side by side.
Our full ThinkMarkets vs Eightcap Review covers everything you need to know about trading using either ThinkMarkets or Eightcap. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your agent before you select them. It's a common misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments at risk.
ThinkMarkets and Eightcap are both brokers that have paved their way successfully into the brokerage world. Within this review, we've attempted to collate some of the important aspects of both ThinkMarkets and Eightcap. This review will help you to know whether either Eightcap or ThinkMarkets is a good match for your investments or not. We've tried to breakdown all the features and charges for your convenience.
Compare ThinkMarkets vs Eightcap
Every online trading platform has a few ups and downs, and no ThinkMarkets and Eightcap review would be complete without showing both sides. Compare ThinkMarkets and Eightcap to understand how they line up against each other before you open an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and Eightcap Compared
ThinkMarkets has a minimum deposit of $0 while Eightcap has a $100 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets allows you to trade around 1500 financial instruments while Eightcap allows you to trade around 1500 on their platform.
The more financial instruments you can trade on the ThinkMarkets and Eightcap 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 seriously do not want to miss out on a trading opportunity due to the limitations of ThinkMarkets or Eightcap.
ThinkMarkets and Eightcap Contact Details
Being able to contact a broker simply is vital. ThinkMarkets and Eightcap have the following contact details and social medias that you can use.
|Telephone Number||Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975||+61 3 8373 4800|
|Address||Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom||Level 6, 360 Collins St, Melbourne, Victoria 3000, AU|
|ThinkMarkets Twitter Account||Eightcap Twitter Account|
|ThinkMarkets Facebook Page||Eightcap Facebook Page|
|ThinkMarkets Instagram Account||Eightcap Instagram Account|
|ThinkMarkets LinkedIn Page||Eightcap LinkedIn Page|
|YouTube||ThinkMarkets YouTube Channel||Eightcap YouTube Channel|
|Find Out More||
Eightcap and ThinkMarkets 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 ThinkMarkets 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.
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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ThinkMarkets vs Eightcap - Awards
ThinkMarkets have won numerous industry awards over the time they have been operating as an online broker. We list the most recognised awards for ThinkMarkets here.
Eightcap have won a lot of industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for Eightcap below.
|Find Out More||
ThinkMarkets vs Eightcap - Frequently Asked Questions
ThinkMarkets vs Eightcap - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
Eightcap was founded in 2009 and has its head office in Australia.
What is the minimum deposit for Eightcap or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
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 ThinkMarkets and Eightcap are a good option.
ThinkMarkets vs Eightcap - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both ThinkMarkets and Eightcap have a powerful collection of rules for ensuring honest trading on their individual platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare ThinkMarkets vs Eightcap Commission And Fees
ThinkMarkets and Eightcap are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily influenced by the amount of customers they have.
However, this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are mainly three types of penalties for this objective.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading charges. In these instances, you are paying a spread, funding rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people that are billed when you hold a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake in your account. They're billed for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither ThinkMarkets or Eightcap charge high fees in comparison to other online brokers. For operations other agents charge for, they do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by ThinkMarkets and Eightcap are relatively higher. As a result, you're charged more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of assets.
This ThinkMarkets vs Eightcap review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For ThinkMarkets And Eightcap
What Languages Do ThinkMarkets And Eightcap Support?
Being able to talk easily with your trading broker is a key way of comparing online brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Here you can find all the languages that both ThinkMarkets and Eightcap support.
How Many Clients Do ThinkMarkets and Eightcap Have?
Both ThinkMarkets and Eightcap are well established with their client base. It is really important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients ThinkMarkets and Eightcap are active on their platform
What Payment Methods Do ThinkMarkets and Eightcap Accept?
ThinkMarkets 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 ThinkMarkets and Eightcap
What Can You Trade With ThinkMarkets and Eightcap?
ThinkMarkets offers 1500 trading instruments whilst Eightcap offers 100.
Below you will find a full breakdown of what both ThinkMarkets and Eightcap offer.
Compare ThinkMarkets To All Other Brokers
Compare Eightcap To All Other Brokers
ThinkMarkets vs Eightcap:
Table Of Contents
- Compare ThinkMarkets vs Eightcap
- Benefits of ThinkMarkets and Eightcap Compared
- Eightcap and ThinkMarkets Mobile App Comparison
- ThinkMarkets vs Eightcap - Awards
- ThinkMarkets vs Eightcap - Frequently Asked Questions
- What is the minimum deposit for Eightcap or ThinkMarkets
- ThinkMarkets vs Eightcap - Regulation And Licencing In More Detail
- Compare Broker Fees For ThinkMarkets And Eightcap
- What Languages Do ThinkMarkets And Eightcap Support?
- How Many Clients Do ThinkMarkets and Eightcap Have?
- What Payment Methods Do ThinkMarkets and Eightcap Accept?
- What Can You Trade With ThinkMarkets and Eightcap?