Eightcap vs Fullerton Markets - Fees Review included
Which broker is better Eightcap or Fullerton Markets? 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. Fullerton Markets is one of the top brokers in the financial market with the TU Overall Score of 3.87 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Fullerton Markets |
|---|---|---|
Overall |
2.9 |
3.6 |
3.3 |
1.8 |
|
3.7 |
2.1 |
|
3.7 |
3.5 |
|
Investment Instruments |
1 |
4.6 |
Platforms and Charting Tools |
3.5 |
4.5 |
Deposit and Withdrawal |
3.6 |
4.7 |
Research |
3.9 |
3.6 |
Education |
3.4 |
3.5 |
Support |
3.6 |
3.9 |
Bonuses |
4 |
2.2 |
|
|
|
Eightcap vs Fullerton Markets: 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.
Fullerton Markets is a Forex broker that provides its clients with the possibility to trade currency pairs, metals, oil, and indices. You can also earn passive income through one of its investment programs. The broker primarily works with clients and traders from the Asia-Pacific region. Fullerton Markets received 14 awards over the past 3 years, including Best FX Broker (2019), Best Safety Broker (2019), and Best Social Trading Platform (2020).
| Eightcap | Fullerton Markets | |
|---|---|---|
| Overall Pros | a large number of trading assets | the trading tools on the company’s website are free of charge |
| Low fees | in most cases, the broker pays the commission for deposits and withdrawals | |
| Good bonus programs | the company offers investment programs | |
| Raw account avaible | there is negative balance protection | |
| you can open an Islamic account without swaps | ||
| support service works round the clock. | ||
| Overall Cons | High minimum deposit - $100 | The broker is not regulated by third parties. |
| lack of investment programs | High ECN fees | |
| Islamic account holders cannot open MAM accounts. |
Eightcap vs Fullerton Markets: Safety and Regulation
| Regulated By: | Eightcap | Fullerton Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
SVGFSA |
Eightcap vs Fullerton Markets: Trading Conditions
| Trading Conditions | Eightcap | Fullerton Markets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Fullerton Markets MetaTrader 4, MetaTrader 5 |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Currency pairs, metals, indices, oil |
Trading assets |
3620+ |
200+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Floating, ECN-spread, fixed |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR, SGD |
Eightcap vs Fullerton Markets: Fees
Forex Trading Fees
| Fee | Eightcap | Fullerton Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
No data |
Standard Account Fee |
$0 |
No data |
ECN/STP Account Fee |
$0 |
$10 per lot |
ECN Account EUR Average Spread |
0,06 pips |
0.2 pips |
CFD Trading Fees
| Fee | Eightcap | Fullerton Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Fixed or floating spread |
Non-Trading Fees
| Fee | Eightcap | Fullerton Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
100% covered by Fullerton Markets |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
100% covered by Fullerton Markets |
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 Fullerton Markets: Trading Assets
| Asset Name | Eightcap | Fullerton Markets |
|---|---|---|
Overall |
3620+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes |
Cryptocurrencies |
Yes |
|
Energy |
Yes (CFD) |
Yes |
Indices |
Yes |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or Fullerton Markets: Investment Programs
| Asset Name | Eightcap | Fullerton Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Fullerton Markets or Eightcap
| Eightcap | Fullerton Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Fullerton Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Fullerton Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
Eightcap vs Fullerton Markets: Research
| Research Type | Eightcap | Fullerton Markets |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs Fullerton Markets: Education
| Education Type | Eightcap | Fullerton Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Fullerton Markets vs Eightcap: Support
| Support Features | Eightcap | Fullerton Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs Fullerton Markets: Forex Bonuses and Promo
| Promo | Eightcap | Fullerton Markets |
|---|---|---|
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 |
The broker credits traders with a bonus every time a trading account is funded. The amount of the bonus depends on the level that the client has reached in the bonus program. There are 6 levels in total: for the first $10,000, users receive a 10% bonus; for the second $10,000, it's 25%; for the third, it's 20%; for the fourth, it's15%, and for the fifth, it's10%. At the sixth level, the size of the bonus reaches 8%. Upon an initial deposit of $100,000, the trader will receive a $12,000 bonus. |
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 |
There are three types of affiliate programs: Introducing Broker (IB), Money Manager and White Label |
Other Promos |
||
|
|
|
Top 5 Reviews on Fullerton Markets
-
Comment
In general, I can say different things about Fullerton Markets. It offers good trading conditions with a fast platform. But also, there are trading and withdrawal fees. Requotes also occur when opening trades, although they are rare. Fullerton Markets withdraws money, there is nothing bad to say here.
-
Comment
The biggest negative thing about Fullerton Markets is that they are registered offshore. This, of course, can cause mistrust among potential users and traders. But I have already been trading with this broker for the second year. I have withdrawn profits from my Fullerton Markets account several times, and the money arrived on my bank card within four days. This is a reasonable withdrawal period. Trading is standard at Fullerton Markets. There are small slippages and widening of spreads. But it is possible to make a profit.
-
Comment
Fullerton markets support will never help you in any way, no matter what happens! The broker is often blocked from entering the market at news releases, even with a minimum volume of 0.01 lots. Trades cannot be opened. The platform is also unstable. Technical support ignores my questions and complaints. I do not recommend Fullerton markets.
-
Comment
Trading with Fullerton Markets is very much like a casino because you don't know how the platform will behave at any given moment. What's even worse is that the company has absolved itself of responsibility for software glitches. That's the impression I got from Fullerton Markets' customer support. It seems the company has no intention of making changes; the regulations state that clients bear all the risks, including those related to the software.
-
Comment
I was looking for a broker for active trading. I found information about Fullerton Markets on the internet. Some reviews said that this particular broker was reliable for active trading. Now I understand that all these reviews were either a scam, or they were written by Fullerton Markets staff. Active trading isn’t possible here.
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.