Eightcap vs Amarkets - Fees Review included
Which broker is better Eightcap or Amarkets? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 out of 10. Amarkets is one of the top brokers in the financial market with the TU Overall Score of 8.47 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Amarkets |
|---|---|---|
Overall |
2.9 |
4.4 |
3.3 |
2.1 |
|
3.7 |
4.9 |
|
3.7 |
4.2 |
|
Investment Instruments |
1 |
4.1 |
Platforms and Charting Tools |
3.5 |
4.3 |
Deposit and Withdrawal |
3.6 |
4.6 |
Research |
3.9 |
4.2 |
Education |
3.4 |
3.5 |
Support |
3.6 |
4.2 |
Bonuses |
4 |
4.4 |
|
|
|
Eightcap vs Amarkets: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
“AMarkets” – is the reliable Forex-company that is already trusted by the huge amount of traders. The broker offers its customers the profitable cooperation conditions: wide range of the trading instruments, popular platforms, immediate orders execution, professional support in various issues and may other things.
| Eightcap | Amarkets | |
|---|---|---|
| Overall Pros | a large number of trading assets | Order execution 35–50 ms |
| Low fees | Low spreads | |
| Good bonus programs | RAMM account for investors | |
| Raw account avaible | Tools for algorithmic trading | |
| Overall Cons | High minimum deposit - $100 | high level of the minimum deposit |
| lack of investment programs | offshore regulation |
Eightcap vs Amarkets: Safety and Regulation
| Regulated By: | Eightcap | Amarkets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
FSA SVG |
Eightcap vs Amarkets: Trading Conditions
| Trading Conditions | Eightcap | Amarkets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MetaTrader4, MetaTrader5, Mobile Platforms |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-1000 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, Stocks CFD, Metals, Cryptopairs, Bonds, Commodities, Indices |
Trading assets |
3620+ |
200+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Fixed, Standard, ECN |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR |
Eightcap vs Amarkets: Fees
Forex Trading Fees
| Fee | Eightcap | Amarkets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
from 1.3 pips. |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$2.5/€2.5 charged per lot. |
ECN Account EUR Average Spread |
0,06 pips |
0.3 pips |
CFD Trading Fees
| Fee | Eightcap | Amarkets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Eightcap | Amarkets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
Credit/Debit Cards 2,2-3,5% plus a fixed amount, Bank Wire Transfer min 30 EUR, Electronic wallets 0,5-2% |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs Amarkets: Trading Assets
| Asset Name | Eightcap | Amarkets |
|---|---|---|
Overall |
3620+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
No |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Amarkets: Investment Programs
| Asset Name | Eightcap | Amarkets |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes (RAMM) |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Amarkets or Eightcap
| Eightcap | Amarkets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Amarkets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Amarkets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Eightcap vs Amarkets: Research
| Research Type | Eightcap | Amarkets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Eightcap vs Amarkets: Education
| Education Type | Eightcap | Amarkets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
No |
Cent account |
No |
No |
Amarkets vs Eightcap: Support
| Support Features | Eightcap | Amarkets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Telegram, WhatsApp |
Eightcap vs Amarkets: Forex Bonuses and Promo
| Promo | Eightcap | Amarkets |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
You can get 20% bonus on your deposit, |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
$10 for every friend you refer |
Other Promos |
||
|
|
|
Top 5 Reviews on Amarkets
-
Comment
I opened an AMarkets account cause they offer a variety of assets to trade. That's true for stocks and forex, but the crypto selection seems a bit limited. They have the big names like Bitcoin and Ethereum, but what about some of the newer altcoins? The market's always evolving, you know? Would be nice to see them add more options in the future.
-
Comment
Hey guys, just wanted to share my experience with AMarkets. So, I've been using it for a while now, and there are a few things you might wanna know. First off, they follow an ECN model, which is cool if you're into that sorta thing. But the downside is they don't have their own platform, so you gotta stick with MT4 or MT5. It's not a deal-breaker for me, but some folks might prefer a proprietary platform. Overall, it's been alright for me, but just thought I'd let you know about these bits.
-
Comment
I've been using AMarkets for a few months now, and one of the features I like most is their Autochartist tool. It scans the markets for potential trading opportunities based on technical chart patterns. This is a huge help for someone new to forex trading like me, because it saves a ton of time staring at charts and trying to identify patterns myself. The Autochartist lays it all out for you, showing things like the instrument, chart pattern, and even the predicted future price movement. That being said, the dashboard itself could use some improvement. In the dashboard, it shows a lot of information, but it seems a little cluttered. Ideally, I'd like to be able to customize the dashboard more. For example, being able to hide some of the instruments I don't trade or choose which timeframe (like 15 minutes or daily) I want to see by default. A more customizable dashboard would make it easier to focus on the info that matters most to my trading strategy. Overall, AMarkets' Autoch
-
Comment
I want to leave a positive review, because I also made a profit more than once when trading with AMarkets. The conditions here are more than acceptable. The trading platform failed very rarely. There is good connection to servers without failures. Order execution is fast. I withdraw money from my AMarkets account to a bank card.
-
Comment
AMarkets is a good broker where you can safely profit with minimal risks. I have my own strategy developed over the years, and here everything is available for trading without any manipulations. Even withdrawing a significant amount of profit is done smoothly. If they didn't allow withdrawals, I would have already switched to another broker. There are no strict limitations, you can trade manually or with the help of advisors. I recommend AMarkets as a broker.
Top 5 Reviews on Eightcap
-
Comment
I can honestly say that Eightcap’s one of the best economic calendars I've ever used. It's a great way to stay up-to-date on the latest news and events that can impact the forex market. The calendar is easy to navigate, and it shows you the upcoming economic events, their estimated impact (low, medium, high), and the currency pairs that might be affected. You can see events like the Chicago Fed National Activity Index and the Westpac Consumer Confidence for Australia. This info is all really helpful for planning your trades. Recently, I used the AvaTrade calendar to see what economic data was coming out for the US dollar (USD). There was a big report on retail sales coming up, and AvaTrade predicted it could have a high impact on the USD. I decided to hold off on a trade I was considering until after the report was released, just in case it caused a lot of volatility. Turned out to be a good decision, because the USD price moved a lot after the report came out.
-
Comment
So, let me tell you a little about my experience with Eightcap. Their registration process? Quite thorough. They did a good job explaining the options during sign-up. However, uploading documents could use some improvement. I found it a bit tricky at first, and it didn't seem to overwrite previous uploads, which was a bit confusing. So yeah, some roadblocks in the way but my overall experience has been positive so far with Eightcap.
-
Comment
I've been using Eightcap for a few weeks now, and I've been impressed with their customer service. The other day, I had a question about depositing funds to my account. I didn't want to wait on hold on the phone, so I decided to try their chatbot support. To my surprise, the chatbot was really helpful. It was able to answer my question quickly and easily, without any hassle. Based on my experience, Eightcap's chatbot seems like a great resource for getting quick answers to basic questions. It's definitely a plus for new traders who might be unfamiliar with the platform or forex trading in general. Of course, if you have a more complex issue, you might still need to contact a live person. But for those simple questions, the chatbot is a great way to go.
-
Comment
I've been trading with Eightcap for about a year now. The broker offers reasonable trading conditions, a fast platform, and instant order execution. Traders here are not restricted from trading on news events, and any strategies can be applied. It's important that the Eightcap terminal doesn't disappoint, with the server connection always stable. Overall, the platform operates smoothly without freezes or glitches.
-
Comment
The broker Eightcap can provide good trading opportunities. There are no special features here, but the platform works quickly. Therefore, you can trade actively and open trades in a medium-term trading system. Eightcap has proven itself quite well. I have been working with them for two years and haven't noticed any serious problems.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.