Founded in 2009, EightCap is a brokerage firm with a mission to provide exceptional financial services to its clients. This FX and CFD broker offers fast execution on more than 200 trading instruments, using their Equinix-connected trade servers.
ITRADER is a forex and CFD brand that founded in 2016 and operates from Cyprus. It is a regulated brokerage brand under CySEC. EU Regulation enables clients of ITRADER to have access to the Investor’s Compensation Fund. The broker offers CFD trading of commodities, currencies, indices and stocks
|#||Broker's Features||EIGHTCAP Availability||ITRADER Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||❌||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||24 hour support||✔||✔|
The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare EightCap vs Itrader.
Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. EightCap offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Cryptocurrency, while Itrader offers Currencies, Commodities, Indices, Stocks, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. EightCap is No dealing desk, while Itrader is Dealing Desk.
Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. EightCap is regulated by ASIC, while Itrader regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.
Account currencies: Next lets consider the Account currencies each broker offers. EightCap offers AUD, USD, GBP, EUR, NZD, SGD different account currencies for each account types, while Itrader offers account currencies.
Languages Available: Next lets have a look at each broker's different Language options. EightCap offers Chinese, English, French, German, Italian, Korean,, while Itrader offers Arabic, English, German, Italian, Russian, Spanish Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. EightCap offers Credit/Debit Cards, Skrill, Bank Wire Transfer different payment methods for each account types, while Itrader offers Credit/Debit Cards, iDeal, Neteller, Skrill, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, EightCap makes MT4, MT5 available to clients, while Itrader offers MT4.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, EightCap is more reliable based on our criteria above. EightCap offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. EightCap offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. EightCap has a wider range of languages in which customer service is offered making the broker more accessible.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.