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.
|#||Broker's Features||EIGHTCAP Availability||NORDFX 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 Nordfx.
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 Nordfx offers Currencies.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. EightCap is No dealing desk, while Nordfx is ECN, No dealing desk, STP.
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 Nordfx regulated by CySEC, VFSC. 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 Nordfx 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 Nordfx offers Arabic, Bengali, Chinese, English, Farsi, Hindi, I 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 Nordfx offers Credit/Debit Cards, Bank Transfer, Neteller, UnionPay 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 Nordfx offers MT4, MT5.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, Nordfx is more reliable based on our criteria above. Nordfx has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Nordfx broker is regulated in more major hubs. As Nordfx offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
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.