Eightcap
UFX
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while UFX was established in 2007 and is based in Republic of Vanuatu. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while UFX is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Eightcap serves 10,000+ clients worldwide; UFX has 10,000+. The minimum deposit is $100 at Eightcap and $500 at UFX.
| Feature | Eightcap | UFX |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2009 | 2007 |
| Country | Australia | Republic of Vanuatu |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and UFX, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $500 at UFX). Both brokers charge withdrawal fees. Eightcap applies inactivity fees on dormant accounts; UFX does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | UFX |
|---|---|---|
| Min. Deposit | $100 | $500 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Eightcap offers MT4, MT5, cTrader, while UFX supports 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. Eightcap edges ahead on platform breadth and functionality in our scoring.
| Feature | Eightcap | UFX |
|---|---|---|
| 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, 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 UFX compare. UFX has a video library; Eightcap does not. UFX integrates third-party research tools (Autochartist); Eightcap does not. UFX scores higher overall in education and research.
| Feature | Eightcap | UFX |
|---|---|---|
| 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 UFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | UFX |
|---|---|---|
| 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 UFX 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 | UFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |