Eightcap
ifc markets
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while ifc markets was established in 2016 and is based in Cyprus. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while ifc markets is regulated by Financial Conduct Authority (FCA) among others. Eightcap serves 10,000+ clients worldwide; ifc markets has 60,000+. The minimum deposit is $100 at Eightcap and $250 at ifc markets.
| Feature | Eightcap | ifc markets |
|---|---|---|
| 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-F259 |
| Founded | 2009 | 2016 |
| Country | Australia | Cyprus |
| Clients | 10,000+ | 60,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and ifc markets, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $250 at ifc markets). Eightcap charges withdrawal fees while ifc markets does not, a notable advantage for frequent withdrawers. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | ifc markets |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while ifc markets supports MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which ifc markets does not offer. Eightcap edges ahead on platform breadth and functionality in our scoring.
| Feature | Eightcap | ifc markets |
|---|---|---|
| MT4 | Yes | No |
| 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 ifc markets compare. ifc markets has a video library; Eightcap does not. ifc markets integrates third-party research tools (Autochartist); Eightcap does not. ifc markets scores higher overall in education and research.
| Feature | Eightcap | ifc markets |
|---|---|---|
| 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 ifc markets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). ifc markets uniquely supports PayPal and Skrill and Neteller among the two brokers. ifc markets scores higher on deposit and withdrawal flexibility.
| Feature | Eightcap | ifc markets |
|---|---|---|
| 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 ifc markets offer live chat support. Both provide phone support. Email support is available at both brokers. Eightcap supports 2 languages and ifc markets supports 8, giving ifc markets broader global reach. Both brokers are comparable on support quality.
| Feature | Eightcap | ifc markets |
|---|---|---|
| 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 |