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Eightcap vs Rakuten Securities Australia
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Eightcap currently holds a stronger overall rating (4.1) than Rakuten Securities Australia (2).
Eightcap has a higher minimum deposit than Rakuten Securities Australia, at 100.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
Eightcap offers a minimum lot size of 0.1 and a maximum lot size of 10.0, while Rakuten Securities Australia offers 0.01 and 100.0.
Eightcap offers a greater leverage limit of 1:500, whereas Rakuten Securities Australia allows a maximum of only 1:400.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 100.0 | 50.0 |
| Commission | 3.5 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.1 | 0.01 |
| Maximum lot size | 10.0 | 100.0 |
| Spread | Variable | Fixed |
| Broker type | STP, ECN, NDD | ECN, Market Maker |
| Maximal leverage (1:?) | 500 | 400 |
| Availability | STP, ECN, NDD | ECN, Market Maker |
| Regulation | FCA (UK), CySEC (Cyprus), ASIC (Australia), SCB (The Bahamas) | ASIC (Australia) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView | MetaTrader 4 (MT4) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Paypal, Neteller, UnionPay, Skrill, BPay, Bitcoin, POLi | Wire Transfer, Neteller, Skrill, BPay, Internal transfer, Local Deposits |
| Account Currency | USD, GBP, EUR, NZD, CAD, SGD, AUD | USD, GBP, EUR, AUD |
| Languages | English, Spanish, French, German, Portuguese, Italian, Chinese, Indonesian, Thai, Vietnamese, Korean, Bulgarian | English, Japanese, Mandarin, Chinese, Korean, Romanian |
| Country | Australia | Australia |
| Trading platform(s) timezone | Australia, The Bahamas, Bulgaria, China, Cyprus, Vanuatu, United Kingdom, Vietnam | Hong Kong, Japan, Malaysia |
| Other trading instruments | Stocks, Indices, Commodities, Shares, CFDs, Cryptocurrency, Precious Metals | Commodities, CFDs |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
