Eightcap
VTB 24 Bank
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while VTB 24 Bank was established in 2008 and is based in Russia. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while VTB 24 Bank is regulated by Unregulated among others. Eightcap serves 10,000+ clients worldwide; VTB 24 Bank has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Eightcap | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2009 | 2008 |
| Country | Australia | Russia |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and VTB 24 Bank, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Eightcap charges withdrawal fees while VTB 24 Bank does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; VTB 24 Bank does not. Overall, VTB 24 Bank scores higher on fees in our assessment.
| Feature | Eightcap | VTB 24 Bank |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Eightcap offers MT4, MT5, cTrader, while VTB 24 Bank 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 | VTB 24 Bank |
|---|---|---|
| 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 | Desktop, Tablet & Mobile apps,Mac |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and VTB 24 Bank compare. VTB 24 Bank runs regular live webinars; Eightcap does not. VTB 24 Bank has a video library; Eightcap does not. VTB 24 Bank publishes daily market commentary; Eightcap does not. VTB 24 Bank integrates third-party research tools (Trading Central); Eightcap does not. VTB 24 Bank maintains an archive of past webinars for on-demand viewing. VTB 24 Bank scores higher overall in education and research.
| Feature | Eightcap | VTB 24 Bank |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
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 VTB 24 Bank supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | VTB 24 Bank |
|---|---|---|
| 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 VTB 24 Bank 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 | VTB 24 Bank |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |