Eightcap vs ForexVox
| Eightcap | ForexVox |
|---|---|
4.6
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3.5
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ForexVox is an offshore broker offering unrestricted, highly leveraged trading on 100+ forex, metals, commodities and indices via the MetaTrader 5 platform. Trades take place with market execution, either through a commission-free or raw spreads ECN model. |
| Customer Reviews | |
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3.5
Based on 2 Eightcap customer reviews
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| Bonus Offer | |
| 100% Deposit Bonus | |
| Comment by Reviewer | |
| "Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row." | "ForexVox is a good option for forex traders who want to trade with high leverage, low fees and no restrictions. The social trading app will also serve beginners. On the negative side, the withdrawal process and fees fall below competitors." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities | CFDs, Forex, Indices, Commodities, Metals |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $100 |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| ASIC, FCA, xCySEC, SCB | FCA, FSA |
| Margin Trading | |
| Yes | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| Yes | Yes |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| App Review | |
Eightcap supports the MT4, MT5 and TradingView apps, catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices. |
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| Android App Rating | |
4.4 |
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| iOS App Rating | |
4.8 |
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| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| ForexVox offers a social trading solution where clients can chat with other traders and replicate their strategies and setups. The app is quick and easy to download and set up. | |
| Social Trading | |
| Yes | Yes |
| Trade Signals | |
| Yes | MT5 |
| VPS Hosting | |
| Yes | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $0 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| CFD Trading | |
| Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area. | Trade highly leveraged CFDs on forex, commodities, metals and indices from a minimum 0.01 lot size and no restrictions on strategies, including scalping, netting and hedging. |
| Leverage | |
| 1:500 | |
| FTSE Spread | |
| 1.2 | Floating |
| GBPUSD Spread | |
| 0.1 | Floating |
| Oil Spread | |
| 0.03 | Floating |
| Stocks Spread | |
| 0.03 (Apple Inc) | NA |
| Forex Trading | |
| Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market. | Trade 70+ major, minor and exotic forex pairs with market execution and leverage up to 1:500. The no requotes and fast executions will appeal to fast-paced trading strategies. |
| GBPUSD Spread | |
| 0.1 | Floating |
| EURUSD Spread | |
| 0.0 | Floating |
| EURGBP Spread | |
| 0.1 | Floating |
| Assets | |
| 50+ | 70+ |
| Currency Indices | |
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| Cryptocurrency | |
| Eightcap’s crypto offering is best-in-class with 250+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors, while it offers real-time trading ideas through the Crypto Crusher market scanner. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders. | Crypto trading not offered |
| Spread | |
| $12 (BTC) | |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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