Two regulation-forward forex brokers meet in a tight comparison. They diverge on platform breadth and instrument coverage, creating a scenario worth watching.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap for 24/5 live chat and phone support, plus multilingual assistance.
Choose if…
Choose Global Prime if you prioritise true NDD execution and access to published quarterly execution quality reports.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.5 / 5▲ |
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | EightCap | Global Prime |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Fail |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Fail |
The scores are close: EightCap rates 4.3/5 and Global Prime rates 4.2/5. EightCap has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both EightCap and Global Prime start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
EightCap has $100, while Global Prime requires at least $200. This makes EightCap more accessible for traders with limited starting capital.
Both EightCap and Global Prime hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: EightCap requires a lower minimum deposit ($100), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
EightCap lists maximum leverage of 500:1, while Global Prime lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
Both EightCap and Global Prime charge the same commission of $7 per lot on applicable accounts.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while Global Prime supports cTrader, MetaTrader 4. Both provide cTrader and MetaTrader 4. EightCap has exclusive access to TradingView and MetaTrader 5.
Both brokers offer spreads from 0.00 pips.
Equally matched; both hold ASIC licenses and segregated client funds, EightCap also adds FCA and SCB.
Equally matched; both offer raw spreads and transparent execution.
Both brokers offer equivalent ECN conditions including raw spread accounts, commissions, and spread levels.
EightCap wins for platform choice, offering MT4, MT5, cTrader and TradingView on one account.
EightCap is better for beginners with a $100 min deposit and multiple platforms.
EightCap wins for instrument variety with 800 instruments versus Global Prime's 150.
Fees & Spreads 30% weight | 4.6 / 5 | 4.6 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.2 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2009 | 2010 |
|---|
| Headquarters | Melbourne, Australia | Sydney, Australia |
|---|
| Min Deposit | $100▼ lower | $200 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot | $7/lot |
|---|
| 0.7 pips | 0.7 pips |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit cardPayPalSkrill |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit card |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | ASIC VFSC |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | cTrader MetaTrader 4 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
ASIC regulated with published quarterly execution quality reports
Raw spreads from 0.0 pips with $7 round-turn commission
True NDD execution, no internal position matching
MT4 and cTrader available
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
Cons
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
Cons
$200 minimum deposit
Limited product range, forex and major CFD classes only
No proprietary platform or copy trading
No investor compensation scheme
No 24/5 live chat
No phone support
Support available in limited languages
EightCap and Global Prime are closely matched on regulation and cost. EightCap offers a broader instrument universe (800 vs 150), which is the clearest differentiator.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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