Eightcap
global prime
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while global prime was established in 2018 and is based in United Kingdom. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while global prime is regulated by Financial Conduct Authority (FCA) among others. Eightcap serves 10,000+ clients worldwide; global prime has 10,000+. The minimum deposit is $100 at Eightcap and $250 at global prime.
| Feature | Eightcap | global prime |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F249 |
| Founded | 2009 | 2018 |
| Country | Australia | United Kingdom |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and global prime, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $250 at global prime). Both brokers charge withdrawal fees. Eightcap applies inactivity fees on dormant accounts; global prime does not. global prime charges deposit fees; Eightcap does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | global prime |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | No |
Platforms
Eightcap offers MT4, MT5, cTrader, while global prime supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which global prime does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | global prime |
|---|---|---|
| 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, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and global prime compare. global prime has a video library; Eightcap does not. global prime integrates third-party research tools (Autochartist); Eightcap does not. global prime scores higher overall in education and research.
| Feature | Eightcap | global prime |
|---|---|---|
| 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 global prime supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). global prime uniquely supports PayPal and Skrill and Neteller among the two brokers. global prime scores higher on deposit and withdrawal flexibility.
| Feature | Eightcap | global prime |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Eightcap and global prime offer live chat support. Both provide phone support. Email support is available at both brokers. Eightcap supports 2 languages and global prime supports 8, giving global prime broader global reach. Both brokers are comparable on support quality.
| Feature | Eightcap | global prime |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |