Eightcap vs UFX Comparison
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs UFX.
Does Eightcap or UFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG
offers better pricing overall for traders.
Is Eightcap or UFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while UFX holds 0. Both Eightcap and UFX hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than UFX.
Which trading platform is better: Eightcap or UFX?
To compare the trading platforms of both Eightcap and UFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and UFX offer MetaTrader 4 (MT4).Eightcap and UFX both offer copy trading.
How many forex pairs and CFDs are available to trade?
UFX provides traders 49 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, UFX offers traders access to 619 CFDs while Eightcap has 326 available CFDs, a difference of 293.
Can I trust Eightcap?
Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).
Can I trust UFX?
UFX is not publicly traded and does not operate a bank. UFX is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust).
Is Eightcap good?
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.
Is UFX good?
UFX offers the full MetaTrader suite and its own proprietary platform, as well as a growing selection of markets. That being said, spreads are much wider than the industry average, and as UFX holds just one regulatory license, its trust factor is well below the industry average.
Overall winner: IG
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.