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Eightcap vs AxiTrader 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Eightcap better than AxiTrader? In our analysis of 23 international regulators across 62 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Compare

0 of 5
Overall RatingEightcapAxiTrader
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score 87 83
Winner check_circle
Review Eightcap Review
Broker ScreenshotsEightcapAxiTrader
Trading Platforms Gallery (click to expand)
Research Gallery (click to expand)
Mobile Trading Gallery (click to expand)
Education Gallery (click to expand)
RegulationEightcapAxiTrader
Trust Score 87 83
Year Founded 2009 2007
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info No info
Tier-1 Licenses 2 2
Tier-2 Licenses 1 1
Tier-3 Licenses 2 0
Tier-1 Licenses (High Trust)EightcapAxiTrader
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes Yes
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) No No
Tier-2 Licenses (Average Trust)EightcapAxiTrader
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes No
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) No No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) No Yes
Tier-3 Licenses (Low Trust)EightcapAxiTrader
Bahamas (SCB Authorised) Yes No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No No
Vanuatu (VFSC Authorised) Yes No
InvestmentsEightcapAxiTrader
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 736 175
Forex Pairs (Total) 42 65
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostEightcapAxiTrader
Average Spread EUR/USD - Standard 1.0 info N/A info
All-in Cost EUR/USD - Active 0.76 N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingEightcapAxiTrader
Minimum Deposit $100 0
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsEightcapAxiTrader
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolsEightcapAxiTrader
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingEightcapAxiTrader
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchEightcapAxiTrader
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) No Yes
Autochartist No Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationEightcapAxiTrader
Education (Forex or CFDs) Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsEightcapAxiTrader
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review Eightcap Review
OverallEightcapAxiTrader
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score 87 83
Winner check_circle
Review Eightcap Review
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Eightcap vs AxiTrader Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs AxiTrader.

Does Eightcap or AxiTrader 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, Eightcap offers better pricing overall for traders.

Is Eightcap or AxiTrader 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. Both Eightcap and AxiTrader hold 2 global Tier-1 licenses. Both Eightcap and AxiTrader hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than AxiTrader.

Which trading platform is better: Eightcap or AxiTrader?

To compare the trading platforms of both Eightcap and AxiTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Eightcap offers a better experience. With research, Eightcap offers superior market research. Finally, we found Eightcap 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 AxiTrader offer MetaTrader 4 (MT4).Eightcap and AxiTrader both offer copy trading.

How many forex pairs and CFDs are available to trade?

AxiTrader provides traders 65 currency pairs (e.g., EUR/USD) compared to Eightcap's 42 available pairs. Forex pairs aside, Eightcap offers traders access to 736 CFDs while AxiTrader has 175 available CFDs, a difference of 561.

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 AxiTrader?

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

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.aiโ€™s algorithmic trading platform.

Is AxiTrader good?

Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available, and a limited range of investment products, Axi lags behind the best multi-asset brokers.

Overall winner: Eightcap

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

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