Written by ForexBrokers.com
In this head to head comparison of eToro vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Founded in 2007, eToro has established itself as a highly trusted online broker, boasting a ForexBrokers.com Trust Score of 96 out of 99. This impressive rating reflects eToro's strong regulatory framework, which includes three Tier-1 licenses—indicating the highest trust level—and one Tier-2 license, ensuring a solid level of trust. Additionally, eToro is publicly traded, which can offer potential investors more transparency.
On the other hand, Eightcap, founded in 2009, is a trusted broker with a ForexBrokers.com Trust Score of 85. This score is supported by its regulatory credentials, including three Tier-1 licenses but no Tier-2 licenses. Unlike eToro, Eightcap is not publicly traded. Both platforms do not operate as banks. These regulatory details highlight that while both brokers are trustworthy, eToro holds a higher trust level based on its regulatory approvals and public trading status.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of eToro and Eightcap, it’s clear that each broker has its own strengths. eToro, a market-maker broker, typically lists a variable spread of 1 pip on the EUR/USD, which is a bit above the industry average. Traders are often drawn to eToro not for its spreads but for the platform’s robust social copy trading capabilities. With a 4.5-star rating and ranked #22 out of 63 brokers for commissions and fees by ForexBrokers.com, eToro additionally offers VIP accounts through the eToro Club. These accounts range from Silver to Diamond levels, catering to traders with balances from $5,000 to $250,000, offering benefits like access to Trading Central and discounted fees.
On the other hand, Eightcap provides flexibility with its two distinct account types, appealing to both commission-focused and spread-focused traders. The Raw account features an average spread of 0.06 pips, with a per-side commission of $3.50, resulting in an all-in cost of approximately 0.76 pips. This makes Eightcap slightly more cost-effective than the industry average of 0.8 pips. Despite being more expensive than some of the lowest-cost forex brokers, Eightcap maintains a competitive edge with a 4-star rating and is ranked #26 by ForexBrokers.com for its commission and fee structure.
Ultimately, the choice between eToro and Eightcap will depend on your trading priorities. eToro stands out for its unique social trading features and VIP benefits, while Eightcap offers varied account options that cater to different trading styles, ensuring a slightly lower cost than the average forex broker. Both brokers offer viable options with their respective advantages, reflected in their ratings and rankings within the industry.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 |
| Average Spread EUR/USD - Standard | 1 | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When evaluating the investment offerings of eToro and Eightcap, both platforms provide options for trading forex as CFDs or spot contracts. eToro boasts an extensive selection of 5,461 tradeable symbols, compared to Eightcap's 800, offering users broader opportunities across various markets. While both platforms feature a slightly comparable number of tradeable forex pairs, with eToro having 55 and Eightcap offering 56, eToro provides an edge in terms of diversity by offering actual exchange-traded securities. Users on eToro can buy stocks from major U.S. and international exchanges, such as Apple and Vodafone, while Eightcap lacks this capability.
eToro's approach to cryptocurrencies is more comprehensive, allowing users to purchase actual digital currencies alongside cryptocurrency derivatives, unlike Eightcap, which only offers derivatives. Both platforms support copy trading, enabling users to replicate the strategies of successful traders. When assessed for their range of investments, eToro achieves a 5-star rating, placing it 10th among 63 brokers, while Eightcap earns a 3.5-star rating, ranking 40th. This comparison highlights eToro's superior investment offerings, making it a more versatile choice for traders seeking a variety of financial instruments.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 800 |
| Forex Pairs (Total) | 55 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of eToro and Eightcap, both brokers offer simulated trading through free virtual demo accounts, but their platforms differ considerably. eToro features a proprietary platform, giving it a personal touch, whereas Eightcap does not have its own in-house platform, instead offering popular third-party options like MetaTrader 4 and MetaTrader 5. While eToro is designed as a web-based platform only, Eightcap provides the flexibility of a Windows-based desktop download option in addition to its web-based service. Both brokers support copy trading, although they differ in other trading tool offerings.
eToro and Eightcap both present valuable insights for technical analysis, yet eToro stands out with 161 drawing tools compared to Eightcap's 15, although both offer a fair number of technical indicators for charting uses. Eightcap allows direct trading from stock charts, a feature eToro lacks. Additionally, Eightcap's watch lists support seven columns, while eToro offers six. With a trading platform and tools rating of 4.5 stars compared to Eightcap's 4 stars, eToro is ranked 8th out of 63 brokers by ForexBrokers.com for its tools, while Eightcap is positioned at 38th. This makes eToro a preferred choice for those interested in innovative proprietary services, whereas Eightcap offers more traditional options via third-party platforms.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and Eightcap, both platforms offer comprehensive support for iPhone and Android users. They provide essential features like stock and forex price alerts and the ability to sync watchlists between mobile and online accounts. However, eToro stands out with its 104 technical studies available for charting, compared to Eightcap's 30. Despite this, Eightcap offers more flexibility in charting by allowing users to draw trendlines and auto-save their chart drawings, features that eToro does not provide.
Both eToro and Eightcap allow traders to view multiple time frames and create watchlists with real-time quotes, ensuring a seamless trading experience on the go. On a rating scale, eToro scores slightly higher with 4.5 stars compared to Eightcap's 4 stars, reflecting its stronger offering in the mobile trading space. Furthermore, eToro ranks #10 among 63 brokers for mobile trading apps according to ForexBrokers.com, while Eightcap holds the #38 position, indicating eToro's more prominent standing in the industry.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers eToro and Eightcap, both provide daily market commentary, keeping traders informed with timely insights. However, eToro differentiates itself by offering advanced tools and market insights, including technical analysis from Trading Central and market research from TipRanks. These features give eToro users a richer toolkit for making informed trading decisions. Eightcap, on the other hand, does not offer Trading Central analysis or TipRanks research, potentially making its platform less robust in this regard.
Both brokers provide economic calendars to track global news events, and they also offer sentiment-based trading tools that display the ratio of long or short positions. Despite these common features, eToro's comprehensive research capabilities earn it a higher rating of 4.5 out of 5 stars, as per ForexBrokers.com, placing it at rank #13 among 63 brokers. Eightcap, while offering some useful features, stands at rank #39 with a 3.5-star rating. These rankings highlight eToro's stronger research offerings, appealing to traders seeking more in-depth market analysis.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners on eToro and Eightcap, both platforms offer a strong foundation in forex and CFDs education with over ten articles, videos, and archived webinars focused on these topics. Both also provide a searchable archive of past webinars, giving learners the flexibility to revisit sessions at any time. However, eToro steps ahead by hosting monthly live webinars, offering fresh content and real-time interaction, while Eightcap does not provide this feature. Both brokers have developed a library of more than ten beginner-specific educational videos, ensuring a good start for those new to trading.
For those looking to deepen their knowledge, eToro offers advanced educational videos, whereas Eightcap falls short in this area. Both platforms provide an investor dictionary featuring over 50 trading terms, aiding new traders in honing their understanding of industry jargon. In terms of overall educational quality, ForexBrokers.com rates eToro at 4.5 stars and ranks it fifth out of 63 brokers. On the other hand, Eightcap receives a 3.5-star rating and ranks 40th, highlighting a noticeable difference in educational resource quality and ranking between the two brokers.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than Eightcap. eToro finished with an overall rank of #9, while Eightcap finished with an overall rank of #38.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 85 |
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While both eToro and Eightcap provide the option to trade cryptocurrency derivatives, eToro distinguishes itself by also offering the ability to purchase actual (delivered) cryptocurrency, a feature not available with Eightcap.
eToro provides a wider range of deposit and withdrawal options compared to Eightcap, as it supports ACH and SEPA transfers, alongside PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Eightcap offers PayPal, Skrill, Visa, Mastercard, and bank wires but lacks ACH and SEPA transfer capabilities.
Please note:
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.
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0 of 5| Overall Rating | eToro | Eightcap | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Eightcap Review |
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| Regulation | eToro | Eightcap | |
|---|---|---|---|
| Trust Score | 96 | 85 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | 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 | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 800 | |
| Forex Pairs (Total) | 55 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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). |
| Cost | eToro | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Eightcap | |
|---|---|---|---|
| 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 | eToro Review | Eightcap Review |
| Overall | eToro | Eightcap | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | Eightcap Review |
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