Compare forex brokers Nadex VS Eightcap

If you're choosing between Nadex and Eightcap forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Nadex better than Eightcap? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

NADEX VS EIGHTCAP

EightCap
EightCap Overview

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.

Nadex
Nadex Overview

Nadex, the North American Derivatives Exchange, is a platform and exchange for short-term traders looking to make a profit in the investment markets. Through a Nadex account, you can trade binary options, touch brackets, and call spreads.

# Broker's Features NADEX Availability EIGHTCAP Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 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 Nadex 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. Nadex offers Online Financial Trading and Investment Services Such as Currencies, Commodities, Indices, Cryptocurrency, while Eightcap offers Currencies, Commodities, Indices, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Nadex is Market Maker, while Eightcap is No 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. Nadex is regulated by CFTC, 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. Nadex offers 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. Nadex offers English, 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. Nadex offers ACH, Credit/Debit Cards, Bank Wire Transfer 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, Nadex makes Proprietary available to clients, while Eightcap offers MT4, MT5.

The Verdict: Nadex or Eightcap?

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. Only Eightcap Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. 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.

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