Eightcap
mgk global
BrokerDataNet earns affiliate commission from brokers listed on this site. This does not affect our ratings or editorial independence.
Overview
Eightcap was founded in 2009 and is headquartered in Australia, while mgk global was established in 2011 and is based in Cayman Islands. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while mgk global is regulated by Financial Conduct Authority (FCA) among others. Eightcap serves 10,000+ clients worldwide; mgk global has 10,000+. The minimum deposit is $100 at Eightcap and $250 at mgk global.
| Feature | Eightcap | mgk global |
|---|---|---|
| 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-F278 |
| Founded | 2009 | 2011 |
| Country | Australia | Cayman Islands |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and mgk global, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $250 at mgk global). Both brokers charge withdrawal fees. Eightcap applies inactivity fees on dormant accounts; mgk global does not. mgk global charges deposit fees; Eightcap does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | mgk global |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while mgk global supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which mgk global does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | mgk global |
|---|---|---|
| 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 mgk global compare. mgk global runs regular live webinars; Eightcap does not. mgk global has a video library; Eightcap does not. mgk global publishes daily market commentary; Eightcap does not. mgk global integrates third-party research tools (Trading Central, Autochartist); Eightcap does not. mgk global maintains an archive of past webinars for on-demand viewing. mgk global scores higher overall in education and research.
| Feature | Eightcap | mgk global |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| 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 mgk global supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). mgk global uniquely supports PayPal and Skrill and Neteller among the two brokers. mgk global scores higher on deposit and withdrawal flexibility.
| Feature | Eightcap | mgk global |
|---|---|---|
| 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 mgk global offer live chat support. Both provide phone support. Email support is available at both brokers. Eightcap supports 2 languages and mgk global supports 8, giving mgk global broader global reach. Both brokers are comparable on support quality.
| Feature | Eightcap | mgk global |
|---|---|---|
| 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 |