Eightcap
Forex Financial Services
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while Forex Financial Services was established in 2008 and is based in Australia. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while Forex Financial Services is regulated by Australian Securities and investment Commission (ASIC) among others. Eightcap serves 10,000+ clients worldwide; Forex Financial Services has 10,000+. The minimum deposit is $100 at Eightcap and $2500 at Forex Financial Services.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Australian Securities and investment Commission (ASIC) |
| Founded | 2009 | 2008 |
| Country | Australia | Australia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and Forex Financial Services, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Forex Financial Services). Eightcap charges withdrawal fees while Forex Financial Services does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; Forex Financial Services does not. Forex Financial Services charges deposit fees; Eightcap does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Eightcap offers MT4, MT5, cTrader, while Forex Financial Services supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Tablet & Mobile apps | MT4 |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and Forex Financial Services compare. The two brokers are evenly matched on educational content.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Eightcap accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Forex Financial Services supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Eightcap and Forex Financial Services offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Eightcap | Forex Financial Services |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |