Defcofx vs ELEV8
Both forex brokers have built a positive reputation, and feedback from our members supports that.
That said, Defcofx currently holds a stronger overall rating (4.5) than ELEV8 (3.9).
Defcofx has a higher minimum deposit than ELEV8, at 50.0.
Both platforms offer their clients bonuses, demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but Defcofx has a maximum lot size of 2.0, while ELEV8 offers 50.0.
Defcofx offers a greater leverage limit of 1:2000, whereas ELEV8 allows a maximum of only 1:1000.
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 ($) | 50.0 | 20.0 |
| Commission | 0.0 | 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 | 0.01 | 0.01 |
| Maximum lot size | 2.0 | 50.0 |
| Spread | - | Variable |
| Broker type | STP, ECN | ECN |
| Maximal leverage (1:?) | 2000 | 1000 |
| Availability | STP, ECN | ECN |
| Regulation | - | FSC (British Virgin Islands), MISA (Mwali) |
| Trading Platforms | MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Bitcoin, Multiple local methods, USDT | Neteller, Skrill, Crypto, Visa, Mastercard |
| Account Currency | USD, GBP, EUR | USD |
| Languages | English, French, German, Greek, Hebrew, Arabic, Hungarian, Dutch, Bulgarian, Czech, Norwegian, Danish, Finnish, Traditional Chinese, Cebuano, Afrikaans | English |
| Country | Saint Lucia | Comoros |
| Trading platform(s) timezone | Saint Lucia | Comoros |
| Other trading instruments | - | Stocks, Indices, Energies, CFDs, Cryptocurrency, Precious Metals, Forex |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
