Eightcap vs Pacific Union - Fees Review included
Which broker is better Eightcap or Pacific Union? 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. Pacific Union is one of the top brokers in the financial market with the TU Overall Score of 6.28 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | Pacific Union |
|---|---|---|
Overall |
2.9 |
1.6 |
3.3 |
1.2 |
|
3.7 |
1.7 |
|
3.7 |
1.9 |
|
Investment Instruments |
1 |
1.4 |
Platforms and Charting Tools |
3.5 |
1.5 |
Deposit and Withdrawal |
3.6 |
1.8 |
Research |
3.9 |
1.6 |
Education |
3.4 |
1.5 |
Support |
3.6 |
1.7 |
Bonuses |
4 |
2.3 |
|
|
|
Eightcap vs Pacific Union: 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.
Pacific Union was launched in 2015, and it currently can be named among the world-leading online brokerages. Pacific Union offers over 200 assets to trade, including forex, indices, commodities, shares, and cryptos. Here traders can choose from several cutting-edge trading terminals. Pacific Union serves customers from 120 countries and territories offering them top-level multilingual support.
| Eightcap | Pacific Union | |
|---|---|---|
| Overall Pros | a large number of trading assets | Free demo account. |
| Low fees | Deposit fee - 0%. | |
| Good bonus programs | Great bonus programs | |
| Raw account avaible | ||
| Overall Cons | High minimum deposit - $100 | Regulation in offshore jurisdictions |
| lack of investment programs | ECN accounts are not avaible |
Eightcap vs Pacific Union: Safety and Regulation
| Regulated By: | Eightcap | Pacific Union |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
ASIC, VFSC |
FSA (Seychelles) |
Eightcap vs Pacific Union: Trading Conditions
| Trading Conditions | Eightcap | Pacific Union |
|---|---|---|
Minimum Deposit |
$100 |
$50 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, MT5, Mobile |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, Indices, Metals, Commodities, Shares, Cryptocurrencies |
Trading assets |
3620+ |
166+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Standard Account, Prime Account, Islamic Account, Cent Account, Demo Account |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, GBP, CAD, AUD, EUR, SGD, NZD, HKD, JPY |
Eightcap vs Pacific Union: Fees
Forex Trading Fees
| Fee | Eightcap | Pacific Union |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
Not supported |
ECN Account EUR Average Spread |
0,06 pips |
Not supported |
CFD Trading Fees
| Fee | Eightcap | Pacific Union |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | Eightcap | Pacific Union |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
Neteller - 2%, Scrill - 1%, FasaPay - 0,5%, Debit/Credit card, BTC/USDT, UnionPay and others - 0% |
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 Pacific Union: Trading Assets
| Asset Name | Eightcap | Pacific Union |
|---|---|---|
Overall |
3620+ |
166+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
Yes |
Binary Options |
No |
No |
Eightcap or Pacific Union: Investment Programs
| Asset Name | Eightcap | Pacific Union |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Algorithmic trading |
Trading Platforms: Pacific Union or Eightcap
| Eightcap | Pacific Union | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs Pacific Union: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | Pacific Union |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
Yes |
Eightcap vs Pacific Union: Research
| Research Type | Eightcap | Pacific Union |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
No |
Eightcap vs Pacific Union: Education
| Education Type | Eightcap | Pacific Union |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
No |
Videos |
No |
Yes |
Cent account |
No |
No |
Pacific Union vs Eightcap: Support
| Support Features | Eightcap | Pacific Union |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
feedback form |
Eightcap vs Pacific Union: Forex Bonuses and Promo
| Promo | Eightcap | Pacific Union |
|---|---|---|
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 |
Eligible clients will be able to earn up to $10,000 cashback when you deposit and make the required number of transactions during the promotional period; 50% Deposit bonus; Increase your trading profits with next-day cashback of up to US$10,000 when you trade with PU Prime; Get a $50 No Deposit Bonus when you sign up |
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 |
Earn up to $150 cash bonus for every friend you refer and a $100 cash bonus for each of them |
Other Promos |
||
|
|
|
Top 5 Reviews on Pacific Union
-
Comment
I registered an account with Pacific Union. But before that I wrote to support, where I asked many questions that interested me. I asked about withdrawals, deposits, and trading styles. In general, I asked a lot of things. I was surprised by the fact that they answered me quickly, in sufficient detail and clearly. The account was opened and the money was credited quickly. Everything seems to be fine so far.
-
Comment
Pacific Union is a reliable broker with normal conditions. Spreads are quite competitive, execution is without strong slippages, although there is no trading without slippages. I use different strategies and advisors here. I have not noticed any delays in payments from Pacific Union.
-
Comment
I also recommend Pacific Union. Working with it is convenient and efficient: trades are performed quickly, without failures or disconnections. I found it myself, studied the reviews, and most of the users were satisfied. I want to express my support for this broker. Moreover, the profitability in Pacific Union is high.
-
Comment
I liked Pacific Union's fast execution and no slippage on the news. Spreads are excellent. Their platform, in my opinion, is the best for trading. Execution is not just instant, but instant. I am 100% satisfied with everything.
-
Comment
I started Forex trading because I can work at a convenient time. On the advice of a friend, I chose pacific union from several options. I was attracted by its reviews; traders write that this company allows them to make money, that its trading platform works reliably, and another plus is that it has some of the lowest spreads. Of course, now my income is not as high as I would like, but I think over time it will increase. I'm still a newbie so to speak.
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.