Eightcap vs NinjaTrader - Fees Review included
Which broker is better Eightcap or NinjaTrader? 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. NinjaTrader is one of the top brokers in the financial market with the TU Overall Score of 7.03 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | NinjaTrader |
|---|---|---|
Overall |
2.9 |
3.9 |
3.3 |
4.3 |
|
3.7 |
4.4 |
|
3.7 |
4.2 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
3.5 |
4.3 |
Deposit and Withdrawal |
3.6 |
4.6 |
Research |
3.9 |
4.1 |
Education |
3.4 |
4.3 |
Support |
3.6 |
4.2 |
Bonuses |
4 |
1 |
|
|
Eightcap vs NinjaTrader: 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.
Ninja Trader is a Forex broker that has been providing brokerage services in the derivatives and foreign exchange markets since 2003. The main specialization of the company is in the futures and futures options markets. The broker is a licensed company with domicile in the United States. Ninja Trader also has offices in Germany and the Netherlands, but these are more representative functions.
| Eightcap | NinjaTrader | |
|---|---|---|
| Overall Pros | a large number of trading assets | availability of algorithmic trading using proprietary systems; there are more than 850 |
| Low fees | Proprietary trading platform, which is one of the best products for trading in the derivatives markets (like MetaTrader 4 for Forex) | |
| Good bonus programs | 100+ indicators | |
| Raw account avaible | Advanced chartign software | |
| Advanced historical tick data | ||
| Overall Cons | High minimum deposit - $100 | high trading costs. In addition to the commission for the contract, there are exchange and regulatory fees, a fee to the trade provider (intermediary broker) |
| lack of investment programs | The initial deposit is from USD 400. But that amount has nothing to do with fees associated with the US stock market | |
| the broker is tailored exclusively for the US futures and options markets | ||
| a deep understanding of the principles of the derivatives market and the rules for working with exchanges is required | ||
| Chat and phones contacts are missing |
Eightcap vs NinjaTrader: Safety and Regulation
| Regulated By: | Eightcap | NinjaTrader |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
NFA |
Eightcap vs NinjaTrader: Trading Conditions
| Trading Conditions | Eightcap | NinjaTrader |
|---|---|---|
Minimum Deposit |
$100 |
For futures - $400, for Forex - $50 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Ninjatrader |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
None |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Derivatives market - instruments of exchanges CME, CBOT, NYMEX, COMEX, NYBOT, ICE US, ICE UK, EUREX |
Trading assets |
3620+ |
100+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Futures account, Forex account, affiliates’ accounts |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
EUR, USD |
Eightcap vs NinjaTrader: Fees
Forex Trading Fees
| Fee | Eightcap | NinjaTrader |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
1.4 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
Not supported |
ECN Account EUR Average Spread |
0,06 pips |
Not supported |
CFD Trading Fees
| Fee | Eightcap | NinjaTrader |
|---|---|---|
CFD Trading Fee |
Floating spread |
Not supported |
Non-Trading Fees
| Fee | Eightcap | NinjaTrader |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
ACH: Free; Incoming Check or Wires; No fee; Bounced Check: $30 |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
ACH: 2 free per month, $15 per additional monthly withdrawal; Check: $7; Domestic Wire Transfer: $30; International Wire Transfer: 50 units of originating currency |
Inactivity Fee |
No |
$25 after 1 month of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs NinjaTrader: Trading Assets
| Asset Name | Eightcap | NinjaTrader |
|---|---|---|
Overall |
3620+ |
100+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
No |
Metals |
Yes |
No |
Cryptocurrencies |
Yes |
No |
Energy |
Yes (CFD) |
No |
Indices |
Yes |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
Yes |
Binary Options |
No |
No |
Eightcap or NinjaTrader: Investment Programs
| Asset Name | Eightcap | NinjaTrader |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: NinjaTrader or Eightcap
| Eightcap | NinjaTrader | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
NinjaTrader |
Others |
No |
No |
|
|
Eightcap vs NinjaTrader: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | NinjaTrader |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Eightcap vs NinjaTrader: Research
| Research Type | Eightcap | NinjaTrader |
|---|---|---|
News Feed |
Yes |
No |
Fundamental Data |
Yes |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Eightcap vs NinjaTrader: Education
| Education Type | Eightcap | NinjaTrader |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
NinjaTrader vs Eightcap: Support
| Support Features | Eightcap | NinjaTrader |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs NinjaTrader: Forex Bonuses and Promo
| Promo | Eightcap | NinjaTrader |
|---|---|---|
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 |
No |
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 |
No |
Other Promos |
||
|
|
Top 5 Reviews on NinjaTrader
-
Comment
I requested a withdrawal from Ninja Trader at the end of the day and received my funds quickly without any delay or problem. I was pleasantly surprised by the transaction speed, especially considering that some companies delay payments for several months. Moreover, I make good profits trading on the Ninja Trader platform, which works flawlessly if you have trading experience, of course.
-
Comment
Whether it is worth opening an account with Ninjatrader is a rhetorical question. Perhaps this makes sense for professional traders from the USA: the broker is regulated by the NFA, has been operating since 2003 and offers the use of ready-made trading systems, so for lovers of automatic trading, that’s it. There are no complaints about the functionality of the terminal. But at the same time, trading and non-trading costs ... To put it mildly, unprofitable. Not only is there a withdrawal fee, but taxes also need to be paid. For beginners and those who trade in small volumes, this is unprofitable. And finally: to trade futures in Ninjatrader, you need to deposit at least $400, for Forex - $50.
-
Comment
After a simple registration, I could choose a standard or demo trading account. By choosing a demo account, I received a deposit of 100,000 virtual dollars. So, you’ll be able to hone your trading skills and try out strategies without the risk of losing funds. Also, a demo account allows you to check the quality of services and the functionality of the platform. I have tried many brokers and Ninja Trader is the best so far. Execution is lightning-fast, there are no hidden fees, and they have unreal trading conditions. I need to have constant access to the trading platform. That is why a mobile application is a real catch. Thus, I can trade using my smartphone. At the moment, both versions for Android and iOS are available. The application allows you to see the activity feed of other traders in real-time, get acquainted with the cost of various financial instruments, track the status of a trading account and interact with other traders using a social network. I’m in the right frame of m
-
Comment
They have an affiliate program that has been developed for active traders like myself who want to receive passive income. Thus, the client can advertise the project and receive a monetary reward for it. I love it. When I was undecided, this broker allowed me to trade and earn money. It was a breaking point. The platform provides services for online transactions in commodities, currencies, stocks, and indices. Users receive a financial platform that is suitable for both the professional and the beginner. Each trader needs to read the rules before registering. Moreover, tons of instruments are provided for traders. Besides, I liked that Ninja Trader has a demo account. The advantage of a demo account is that the client can try his hand and trade without the risk of losing funds. Also, for the convenience of traders, a mobile application was created that provides access to the platform 24/7. Break a leg, guys.
-
Comment
I have experience working with various brokers, and in the end, for one reason or another, I felt blue. I switched to this broker on the advice of a friend. I started trading here several months ago. I now trade on a real account. I have no complaints and I do not plan to switch from Ninja Trader. This broker meets my main requirements. And the technical support is running savoir-faire. If I need their professional help and sound advice, they will solve my 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.