XGLOBAL Markets vs Eightcap, Who's Better?
Read our In-Depth XGLOBAL Markets vs Eightcap Review - Updated for 2024
Our review comparing XGLOBAL Markets and Eightcap has been updated for 2024 by seasoned professionals with significant expertise across Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of XGLOBAL Markets vs Eightcap does not apply to all countries as follows:
XGLOBAL Markets 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 XGLOBAL Markets vs Eightcap
Each online trading platforms will have some ups and downs, and any comprehensive XGLOBAL Markets and Eightcap review cannnot be regarded as thorough without having a fair assessment.
Compare Eightcap and XGLOBAL Markets in order to understand how these platforms compare to each other before you choose to open an account. A comparative analysis will place factors into perspective so that you are aware of the expectations.
So you are looking for an online trading platform and are choosing between XGLOBAL Markets or Eightcap. Which one is best in 2024?
Our XGLOBAL Markets vs Eightcap comparison contains the most recent information so you can easily compare Eightcap against XGLOBAL Markets.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You will get proficient at all of the concepts of broker since you keep trading. For starters, you need to choose the ideal broker who will be clear with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. XGLOBAL Markets and Eightcap are just two such trading platforms that will take you along with your investment into great heights. It's crucial to compare XGLOBAL Markets vs Eightcap until you trust them with your money.
Our XGLOBAL Markets vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust XGLOBAL Markets and Eightcap side by side.
Our full XGLOBAL Markets vs Eightcap Review covers everything you need to know about trading using either XGLOBAL Markets or Eightcap. A fantastic agent can multiply your first investments and give you positive profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to ensure profits; thus, you must carefully assess your agent before you select them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
XGLOBAL Markets and Eightcap are both brokers which have found their way successfully into the broker world. In this review, we've attempted to collate some of the vital facets of both XGLOBAL Markets and Eightcap. This review can help you to know whether either Eightcap or XGLOBAL Markets is a good match for your own investments or not. We've tried to breakdown all of the qualities and charges for your advantage.
Benefits of XGLOBAL Markets and Eightcap Compared
XGLOBAL Markets offers a minimum deposit of $500 while Eightcap has a $100 minimum deposit.
Why smaller minimum deposits are good and how XGLOBAL Markets 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.
XGLOBAL Markets allows you to trade around 261 financial instruments whilst Eightcap has around 261 on their platform.
The more financial instruments you can trade on the XGLOBAL Markets 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 seriously do not want to miss out on a trading opportunity due to the limitations of XGLOBAL Markets or Eightcap.
XGLOBAL Markets and Eightcap Contact Details
Being able to contact your broker simply is a sign of a professional broker. XGLOBAL Markets and Eightcap have the following contact details and social medias that you can use.
Broker | XGLOBAL Markets | Eightcap |
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Telephone Number | +61 3 8373 4800 | |
customerservice@eightcap.com | ||
Address | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU | |
XGLOBAL Markets Twitter Account | Eightcap Twitter Account | |
XGLOBAL Markets Facebook Page | Eightcap Facebook Page | |
XGLOBAL Markets Instagram Account | Eightcap Instagram Account | |
XGLOBAL Markets LinkedIn Page | Eightcap LinkedIn Page | |
YouTube | XGLOBAL Markets YouTube Channel | Eightcap YouTube Channel |
Find Out More |
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Eightcap and XGLOBAL Markets 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.
In this part of our comparison of XGLOBAL Markets and Eightcap we'll check whether either of their mobile apps tick all the boxes.
We rate overall 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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
XGLOBAL Markets vs Eightcap - Awards
Broker | XGLOBAL Markets | Eightcap |
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Awards | At the time of writing this XGLOBAL Markets review, and despite XGLOBAL Markets’s impressive offering, the company has surprisingly not garnered any awards to date. |
Eightcap have won several industry awards over the years they have been operating as a financial broker. We show the most recognised awards for Eightcap below.
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Find Out More |
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XGLOBAL Markets vs Eightcap - Frequently Asked Questions
XGLOBAL Markets vs Eightcap - Headquarters And Year Of Founding
XGLOBAL Markets was founded in 2008 and has its head office in Cyprus.
Eightcap was founded in 2009 and has its headquaters in Australia.
What is the minimum deposit for Eightcap or XGLOBAL Markets
The minimum deposit for XGLOBAL Markets is $500.
The minimum deposit for Eightcap is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both XGLOBAL Markets and Eightcap are a good option.
XGLOBAL Markets vs Eightcap - Regulation And Licencing In More Detail
XGLOBAL Markets is regulated by Cyprus Securities and Exchange Commission (CySEC).
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
Both XGLOBAL Markets and Eightcap have a strong collection of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their own privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare XGLOBAL Markets vs Eightcap Commission And Fees
XGLOBAL Markets and Eightcap are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled much better. In other words, an online broker is not necessarily influenced by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of fees for this purpose.
The first sort of charges to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In such cases, you're spending a spread, funding speed, or even a commission. The kinds of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people that are charged when you maintain a leveraged position for more than a day.
Aside from trading fees, online agents also charge non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for surgeries like depositing cash, not investing for lengthy periods, or withdrawals.
Generally, neither XGLOBAL Markets or Eightcap charge high fees in comparison to other online agents. For operations other agents fee for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by XGLOBAL Markets and Eightcap are relatively higher. Consequently, you're billed more for non-trading activities on your trading account, like withdrawal and deposits. These aren't related to the purchase and sale of resources.
This XGLOBAL Markets vs Eightcap review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For XGLOBAL Markets And Eightcap
What Languages Do XGLOBAL Markets And Eightcap Support?
Being able to chat completely with your online broker is a key element when comparing online brokers to find your perfect broker. Not only for support but to ensure you understand everything on their site and inside their application as it is a key factor to success when trading online.
Below you will find the languages that both XGLOBAL Markets and Eightcap support.
How Many Clients Do XGLOBAL Markets and Eightcap Have?
Both XGLOBAL Markets and Eightcap are well known and trusted. It is important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers XGLOBAL Markets and Eightcap are active on their platform
What Payment Methods Do XGLOBAL Markets and Eightcap Accept?
XGLOBAL Markets 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 XGLOBAL Markets and Eightcap
What Can You Trade With XGLOBAL Markets and Eightcap?
XGLOBAL Markets offers 261 trading instruments while Eightcap offers 100.
Below you will find a full breakdown of what both XGLOBAL Markets and Eightcap offer.
XGLOBAL Markets Review
XGLOBAL Markets vs Eightcap:
Table Of Contents
- Compare XGLOBAL Markets vs Eightcap
- Benefits of XGLOBAL Markets and Eightcap Compared
- Eightcap and XGLOBAL Markets Mobile App Comparison
- XGLOBAL Markets vs Eightcap - Awards
- XGLOBAL Markets vs Eightcap - Frequently Asked Questions
- What is the minimum deposit for Eightcap or XGLOBAL Markets
- XGLOBAL Markets vs Eightcap - Regulation And Licencing In More Detail
- Compare Broker Fees For XGLOBAL Markets And Eightcap
- What Languages Do XGLOBAL Markets And Eightcap Support?
- How Many Clients Do XGLOBAL Markets and Eightcap Have?
- What Payment Methods Do XGLOBAL Markets and Eightcap Accept?
- What Can You Trade With XGLOBAL Markets and Eightcap?