Eightcap
Zacks Trade
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Overview
Eightcap was founded in 2009 and is headquartered in Australia, while Zacks Trade was established in 2008 and is based in United States. Eightcap holds licences including Australian Securities and Investment Commission (ASIC), while Zacks Trade is regulated by Unregulated among others. Eightcap serves 10,000+ clients worldwide; Zacks Trade has 10,000+. The minimum deposit is $100 at Eightcap and $2500 at Zacks Trade.
| Feature | Eightcap | Zacks Trade |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Regulation | Australian Securities and Investment Commission (ASIC) | Unregulated |
| Founded | 2009 | 2008 |
| Country | Australia | United States |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Eightcap and Zacks Trade, directly affecting your bottom line as a trader. Eightcap has a lower barrier to entry with a minimum deposit of $100 (vs $2500 at Zacks Trade). Eightcap charges withdrawal fees while Zacks Trade does not, a notable advantage for frequent withdrawers. Eightcap applies inactivity fees on dormant accounts; Zacks Trade does not. Zacks Trade charges deposit fees; Eightcap does not. Overall, Eightcap scores higher on fees in our assessment.
| Feature | Eightcap | Zacks Trade |
|---|---|---|
| Min. Deposit | $100 | $2500 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Eightcap offers MT4, MT5, cTrader, while Zacks Trade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Eightcap supports social and copy trading features, which Zacks Trade does not offer. The two brokers are closely matched on platform offering.
| Feature | Eightcap | Zacks Trade |
|---|---|---|
| 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 | Android,iPhone/iPad,Tablet |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Eightcap and Zacks Trade compare. Zacks Trade runs regular live webinars; Eightcap does not. Zacks Trade has a video library; Eightcap does not. Zacks Trade publishes daily market commentary; Eightcap does not. Zacks Trade integrates third-party research tools (Trading Central, Autochartist); Eightcap does not. Zacks Trade maintains an archive of past webinars for on-demand viewing. Zacks Trade scores higher overall in education and research.
| Feature | Eightcap | Zacks Trade |
|---|---|---|
| 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 Zacks Trade supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Eightcap | Zacks Trade |
|---|---|---|
| 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 Zacks Trade 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 | Zacks Trade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |