Eightcap
GDMFX
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while GDMFX was established in 2012 and is based in Anguilla. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while GDMFX is regulated by Unregulated among others. Eightcap serves 10,000+ clients worldwide; GDMFX has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Eightcap | GDMFX |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2009 | 2012 |
| Country | Australia | Anguilla |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and GDMFX, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Eightcap charges withdrawal fees while GDMFX does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; GDMFX does not. GDMFX charges deposit fees; Eightcap does not. Overall, GDMFX scores higher on fees in our assessment.
| Feature | Eightcap | GDMFX |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while GDMFX 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 | GDMFX |
|---|---|---|
| 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 GDMFX compare. GDMFX has a video library; Eightcap does not. GDMFX integrates third-party research tools (Autochartist); Eightcap does not. GDMFX scores higher overall in education and research.
| Feature | Eightcap | GDMFX |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | No | Yes |
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 GDMFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | GDMFX |
|---|---|---|
| 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 GDMFX 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 | GDMFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |