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||LH CRYPTO Availability||EIGHTCAP 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 LH Crypto vs Eightcap.
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. LH Crypto offers Online Financial Trading and Investment Services Such as CFDs on Stocks, Commodities (oil, gold, silver, co, while Eightcap offers Currencies, Commodities, Indices, Cryptocurrency.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. LH Crypto is Broker, while Eightcap is No dealing desk.
Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. LH Crypto recommended minimum capital is 10, while Eightcap has a Minimum Deposit Requirement of .
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. LH Crypto is regulated by VFSC, while Eightcap regulated by ASIC. 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. LH Crypto offers EUR, Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Mo different account currencies for each account types, while Eightcap offers AUD, USD, GBP, EUR, NZD, SGD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. LH Crypto offers English, Indonesian, Arabic, Chinese, French, Mala, while Eightcap offers Chinese, English, French, German, Italian, Korean, Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. LH Crypto offers Credit/Debit Cards, WebMoney, QIWI, PayPal, Nete different payment methods for each account types, while Eightcap offers Credit/Debit Cards, Skrill, Bank Wire Transfer payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, LH Crypto makes MT5, WebTrader available to clients, while Eightcap offers MT4, MT5.
Objectively, LH Crypto is more reliable based on our criteria above. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. LH Crypto broker offers lower minimum deposit requirement. Only LH Crypto provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.