Eightcap
ForexTB
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while ForexTB was established in 2015 and is based in Cyprus. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Eightcap serves 10,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $100 at Eightcap and $250 at ForexTB.
| Feature | Eightcap | ForexTB |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2009 | 2015 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and ForexTB, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $250 at ForexTB). Eightcap charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; ForexTB does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | ForexTB |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Eightcap offers MT4, MT5, cTrader, while ForexTB supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which ForexTB does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | ForexTB |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and ForexTB compare. ForexTB runs regular live webinars; Eightcap does not. ForexTB has a video library; Eightcap does not. ForexTB publishes daily market commentary; Eightcap does not. ForexTB integrates third-party research tools (Trading Central); Eightcap does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | Eightcap | ForexTB |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | ForexTB |
|---|---|---|
| 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 ForexTB 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 | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |