Eightcap vs WorldForex (WForex) - Fees Review included
Which broker is better Eightcap or WorldForex (WForex)? 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 9.2 out of 10. WorldForex (WForex) is one of the top brokers in the financial market with the TU Overall Score of 7.05 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | WorldForex (WForex) |
|---|---|---|
Overall |
2.9 |
4.2 |
3.3 |
2.1 |
|
3.7 |
4.1 |
|
3.7 |
4.1 |
|
Investment Instruments |
1 |
3.8 |
Platforms and Charting Tools |
3.5 |
3.9 |
Deposit and Withdrawal |
3.6 |
4.8 |
Research |
3.9 |
4.2 |
Education |
3.4 |
4.3 |
Support |
3.6 |
4.5 |
Bonuses |
4 |
4.5 |
|
|
|
Eightcap vs WorldForex (WForex): 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.
WForex carries on its activity in 50 countries in the world. It is a member of the Financial Commission for Dispute Resolution in the field of financial services in the international exchange market. World Forex coops with front developers, introducing modern tools that provide traders with safe and uninterrupted trading. The company is admitted as the best Forex digital contract broker.
| Eightcap | WorldForex (WForex) | |
|---|---|---|
| Overall Pros | a large number of trading assets | Auto trading |
| Low fees | ECN/STP accounts | |
| Good bonus programs | Safe-box account — high interests for trader's funds, free-and-easy converting and cash transferring between your trade accounts according to official bank rates | |
| Raw account avaible | 100% deposit bonus | |
| Overall Cons | High minimum deposit - $100 | Poor regulation |
| lack of investment programs |
Eightcap vs WorldForex (WForex): Safety and Regulation
| Eightcap | WorldForex (WForex) | |
|---|---|---|
Max. Regulation Level |
Tier-1 |
Tier-3 |
Investor protection |
£85,000 €20,000 |
No |
FCA UK Regulation |
Yes |
No |
FINRA (U.S) |
No |
No |
BaFin (Germany) |
No |
No |
ASIC (Australia) |
Yes |
No |
CFTC (U.S) |
No |
No |
MAS |
No |
No |
FSCA SA |
No |
No |
BVI FSC |
No |
No |
VFSC |
No |
No |
FSA (Seychelles) |
No |
No |
Eightcap vs WorldForex (WForex): Trading Conditions
| Trading Conditions | Eightcap | WorldForex (WForex) |
|---|---|---|
Minimum Deposit |
$100 |
$1 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, WebTrader |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
W-Cent, W-Profi, W-Instant: 1:33 — 1:1000; W-ECN: 1:50 — 1:500; W-Crypto: 1:1 — 1:25 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Currency pairs, cryptocurrencies, metals, oil, shares, digital contracts |
Trading assets |
3620+ |
200+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
W-Cent, W-Profi, W-Instant, W-Crypto, W-Digital |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
USD, EUR |
Eightcap vs WorldForex (WForex): Fees
| Eightcap | WorldForex (WForex) | |
|---|---|---|
Standard acc. spread EUR/USD, min pips |
0,4 |
1,0 |
Standard acc. spread EUR/USD, max pips |
1,5 |
1,8 |
ECN Commission |
3,5 |
|
ECN Spread EUR/USD |
0,1 |
|
Deposit fee, % |
No |
No |
Withdrawal fee, % |
No |
1-4 |
Withdrawal fee, USD |
No |
5 |
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 WorldForex (WForex): Trading Assets
| Asset Name | Eightcap | WorldForex (WForex) |
|---|---|---|
Overall |
3620+ |
200+ |
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 |
No |
Binary Options |
No |
No |
Eightcap or WorldForex (WForex): Investment Programs
| Asset Name | Eightcap | WorldForex (WForex) |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: WorldForex (WForex) or Eightcap
| Eightcap | WorldForex (WForex) | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
Eightcap vs WorldForex (WForex): Deposit and Withdrawal Methods
| Eightcap | WorldForex (WForex) | |
|---|---|---|
Bank Wire |
Yes |
Yes |
Bank Card |
Yes |
Yes |
Neteller |
Yes |
Yes |
BTC |
Yes |
Yes |
Wise |
No |
No |
Payoneer |
No |
No |
USDT |
Yes |
Yes |
Eightcap vs WorldForex (WForex): Research
| Research Type | Eightcap | WorldForex (WForex) |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
Yes |
E-Mail Reports |
No |
No |
Eightcap vs WorldForex (WForex): Education
| Education Type | Eightcap | WorldForex (WForex) |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
WorldForex (WForex) vs Eightcap: Support
| Support Features | Eightcap | WorldForex (WForex) |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
Callback form, feedback form |
Eightcap vs WorldForex (WForex): Forex Bonuses and Promo
| Promo | Eightcap | WorldForex (WForex) |
|---|---|---|
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 bonus of $100 when depositing from $10 |
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 |
You do not have to be a professional in trading to become a WForex partner. Now you can earn up to 85% of the spread on the turnover of traders attracted by participating in an affiliate program. |
Other Promos |
0; return of commission for depositing; contests on demo-accounts |
|
|
|
|
Top 5 Reviews on WorldForex (WForex)
-
Comment
WorldForex broker offers 5 types of accounts, including cent accounts (W-Cent) and accounts for cryptocurrency trading (W-Crypto). Spreads on W-ECN are from 0.2 pips, and on W-Profi - a fixed 1.8 pips. You can work with leverage up to 1:1000 depending on the account and the amount on it. Accounts are available in USD, EUR and RUB. The company offers autotrading via signals, but I prefer to trade independently on MetaTrader 4. No serious technical problems have arisen during the whole time, but the support service does not always respond promptly.
-
Comment
I’ve been working with Wforex for about a year now. The broker leaves mixed impressions — there are both advantages and areas that could use improvement. On the plus side, they offer a good selection of account types: Standard, Cent, ECN, and Crypto, with a minimum deposit starting at just $1, which is great for beginners. Spreads on popular pairs like EUR/USD typically range from 0.6 to 1.5 pips — not the tightest, but acceptable. Leverage goes up to 1:1000, though personally, I don’t go beyond 1:100.
-
Comment
WorldForex can be characterized as a decent broker offering a full range of services necessary for comfortable trading. There are some drawbacks, but they are not critical. For example, the absence of a loyalty program, occurrence of slippage during periods of strong market movement, and several other shortcomings. Overall, WorldForex provides decent trading conditions.
-
Comment
I've encountered issues with the trading terminal at WForex. Several of my trades were closed prematurely, even though they hadn't reached the stop-loss level yet. I reached out to customer support and waited for a response for about five days, but the problem remained unresolved. No one even started addressing it; they just declared it a technical glitch. Therefore, I don't recommend trading with WForex!
-
Comment
The Wforex broker has some trading issues. The terminal often lags, the platform may experience difficulties, and sometimes orders fail to open. The customer support also leaves much to be desired – they may not respond to inquiries or provide standard answers. Withdrawals also take a considerable amount of time, sometimes up to 15 days. As a result, I decided to close my account on the Wforex platform.
Top 5 Reviews on Eightcap
-
Comment
Eightcap provides a high level of protection — negative balance is excluded, margin call triggers at 80%, and stop out at 50%. Trading is conducted through popular terminals and covers CFDs on more than 800 assets. The minimum deposit is $100, which is average for the market, but the lack of investor programs and passive income options reduces the broker’s versatility. It’s also worth noting that spreads on standard accounts can reach up to 1 pip, despite the advertised from 0.1 pips. Overall, Eightcap is aimed at active traders focused on analysis and their own decisions.
-
Comment
Eightcap is a brokerage platform offering a minimum order size of 0.01 lots and a wide range of CFD contracts. One of the company’s strongest advantages is its licensing in the UK, Australia, Cyprus, and the Bahamas. Available account types include Standard, Raw, and Demo, with the demo account provided free for 30 days. The absence of a partnership program and promotional contests may limit its appeal to some users. Nevertheless, the high-quality educational materials and real-time analytics make Eightcap a solid choice for traders focused on independent trading.
-
Comment
Eightcap is regulated by four authorities, including the FCA (with up to £85,000 in fund protection), making it one of the safest options on the market. Spreads on the EUR/USD pair start from 0.1 pips, and leverage is available up to 1:500. However, the company does not offer bonus programs or promotional deals, setting it apart from competitors with more aggressive marketing strategies. Trading is available in USD, EUR, GBP, AUD, and other currencies, and deposits are supported through more than 10 payment systems, including PayPal and cryptocurrencies. Eightcap focuses on a stable infrastructure rather than entertainment features.
-
Comment
Eightcap offers trading on more than 800 instruments, including currency pairs, cryptocurrencies, indices, and commodities. The minimum deposit is $100, which might be a barrier for beginners. The broker supports MT4, MT5, and TradingView platforms, with spreads starting from 0.1 pips. However, there are no PAMM accounts or copy trading options, so it may not suit passive investors. On the plus side, regulation by the FCA, ASIC, and CySEC indicates a high level of reliability. Customer support is consistent, though a full set of documents is required to open an account.
-
Comment
I really like trading with Eightcap. The conditions are quite favorable - spreads are adequate, commissions are not stifling, and everything is transparent. I would like to emphasize order execution: everything happens smoothly, without delays and unexpected slippages, which is especially important when trading actively. The interface is clear, the platform works stably - it does not freeze at the wrong moment, as it happened to me with other brokers. Input and withdrawal are also carried out without any problems. So far, everything is satisfactory, and there are no serious reasons for dissatisfaction. So at the moment it is quite a decent option for those who want to trade confidently and without constant minor annoyances.
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.