eOption vs Eightcap, Updated for 2024
Read our In-Depth eOption vs Eightcap Review - for 2024
Our comprehensive analysis of eOption and Eightcap has been refreshed to reflect any changes for 2024 by seasoned professionals boasting extensive financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of eOption vs Eightcap does not apply to all countries as follows:
eOption 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 eOption vs Eightcap
Each online trading platforms feature a few ups and downs, and any comprehensive analysis of eOption vs Eightcap should not be regarded as thorough without embracing a balanced approach.
Compare eOption and Eightcap to understand how these platforms compare against each other before you choose to open an account. A comprehensive comparison helps to put things into perspective in order that you are aware of what you should anticipate.
So you are looking for a broker and are choosing between eOption or Eightcap. Who should you choose?
Our eOption vs Eightcap comparison contains the latest information so you can easily compare Eightcap against eOption.
If you are a new entrant in the world of trading and brokerages, so many nuances will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the ideal agent who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. eOption and Eightcap are two such stages that will take you and your investment into great heights. It is crucial to compare eOption vs Eightcap until you trust them with your cash.
Our eOption vs Eightcap comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eOption and Eightcap side by side.
Our full eOption vs Eightcap Review covers everything you need to learn about trading with either eOption or Eightcap. A good agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully assess your agent before you select them. It's a common misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
eOption and Eightcap are both brokers which have forged their way successfully to the brokerage world. In this review, we've attempted to collate a number of the important aspects of both eOption and Eightcap. This review will allow you to know whether either Eightcap or eOption is a fantastic match for your own investments or not. We've attempted to breakdown all of the qualities and fees for your advantage.
Benefits of eOption and Eightcap Compared
eOption offers a minimum deposit of $500 while Eightcap offers a $100 minimum deposit.
Why smaller minimum deposits are good and how eOption 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.
eOption has around 274 financial instruments whilst Eightcap has around 274 available.
The more financial instruments you can trade on the eOption 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 never want to miss out on a trading opportunity due to the limitations of eOption or Eightcap.
eOption and Eightcap Contact Details
Being able to contact your broker through many ways is vital. eOption and Eightcap have the following contact details and social medias that you can use.
Broker | eOption | Eightcap |
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Telephone Number | +61 3 8373 4800 | |
customerservice@eightcap.com | ||
Address | Level 6, 360 Collins St, Melbourne, Victoria 3000, AU | |
eOption Twitter Account | Eightcap Twitter Account | |
eOption Facebook Page | Eightcap Facebook Page | |
eOption Instagram Account | Eightcap Instagram Account | |
eOption LinkedIn Page | Eightcap LinkedIn Page | |
YouTube | eOption YouTube Channel | Eightcap YouTube Channel |
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Eightcap and eOption Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of eOption and Eightcap we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is important that any trading app has user friendly capabilities especially with the
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?
eOption vs Eightcap - Awards
Broker | eOption | Eightcap |
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Awards | At the time of writing this eOption review, and despite eOption’s impressive offering, the company has surprisingly not garnered any awards to date. |
Eightcap have won numerous industry awards over the time they have been running as an online broker. We detail the most notable awards for Eightcap below.
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Find Out More |
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eOption vs Eightcap - Frequently Asked Questions
eOption vs Eightcap - Headquarters And Year Of Founding
eOption was founded in 2008 and has its head office in USA.
Eightcap was founded in 2009 and has its head office in Australia.
What is the minimum deposit for Eightcap or eOption
The minimum deposit for eOption is $500.
The minimum deposit for Eightcap is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eOption and Eightcap are a good option.
eOption vs Eightcap - Regulation And Licencing In More Detail
eOption is regulated by Unregulated.
Eightcap is regulated by Australian Securities and Investment Commission (ASIC).
eOption is unregulated but Eightcap has a powerful set of rules for ensuring honest trading onto its platforms. For data encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy policy, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare eOption vs Eightcap Commission And Fees
eOption and Eightcap are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled better. That is, 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 3 types of fees for this objective.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you're charged trading charges. In such instances, you are paying a spread, funding rate, or 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 flip side, a spread refers to the gap between the buying and selling price. Funding or overnight prices are those that are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are billed for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither eOption or Eightcap charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often exchange, for example weekly or daily trading.
But, non-trading fees charged by eOption and Eightcap are comparatively competitive. Consequently, you're charged more for non-trading actions on your trading accounts, like withdrawal and deposits. These aren't about the sale and purchase of assets.
This eOption vs Eightcap review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For eOption And Eightcap
What Languages Do eOption And Eightcap Support?
Being able to chat completely with your online broker is a key way of comparing brokers to find your perfect broker. Not only for support but to be sure you understand everything on their website and inside their app as it is a key part of success when trading forex.
Below you will find all the languages that both eOption and Eightcap support.
How Many Clients Do eOption and Eightcap Have?
Both eOption and Eightcap are well known and trusted. It is important to work with an online broker that is reputable and one of the most simple ways of establishing this is by knowing how many customers are using their services.
Below you will find details of how many clients eOption and Eightcap have
What Payment Methods Do eOption and Eightcap Accept?
eOption 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 eOption and Eightcap
What Can You Trade With eOption and Eightcap?
eOption offers 274 trading instruments whilst Eightcap offers 100.
Below you will find a full breakdown of what both eOption and Eightcap offer.
eOption Review
eOption vs Eightcap:
Table Of Contents
- Compare eOption vs Eightcap
- Benefits of eOption and Eightcap Compared
- Eightcap and eOption Mobile App Comparison
- eOption vs Eightcap - Awards
- eOption vs Eightcap - Frequently Asked Questions
- What is the minimum deposit for Eightcap or eOption
- eOption vs Eightcap - Regulation And Licencing In More Detail
- Compare Broker Fees For eOption And Eightcap
- What Languages Do eOption And Eightcap Support?
- How Many Clients Do eOption and Eightcap Have?
- What Payment Methods Do eOption and Eightcap Accept?
- What Can You Trade With eOption and Eightcap?