Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com and Eightcap are both established online brokers, but they differ significantly in their trust ratings and regulatory credentials. FOREX.com, founded in 1999, is publicly traded and boasts an impressive Trust Score of 99 out of 99 from ForexBrokers.com, indicating it's highly trusted. This broker holds seven Tier-1 licenses, which are viewed as highly reliable, and one Tier-2 license, signifying its strong regulatory standing. Although FOREX.com is not a bank, its presence in the market and high trust score make it a reliable choice for traders.
On the other hand, Eightcap, which started in 2009 and is not publicly traded, has a ForexBrokers.com Trust Score of 85, categorizing it as trusted but not at the top level of confidence like FOREX.com. Eightcap holds three Tier-1 licenses, which showcase a fair degree of regulatory oversight, but it lacks any Tier-2 licenses. While Eightcap is not a bank either, its regulatory credentials suggest a solid framework, suitable for traders who prioritize trusted but less extensively licensed brokers.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of FOREX.com and Eightcap, both brokers present distinct offerings that cater to different trading preferences. FOREX.com provides multiple execution methods and account types, with the Standard account requiring higher spreads, averaging 1.4 on the EUR/USD in the U.S. For traders outside the U.S., FOREX.com offers a more competitive spread average of 0.74 for the EUR/USD as of July 2023, particularly with their Raw account, which features lower spreads but includes a per-trade commission. High-volume traders might benefit from volume-based rebates with the RAW account, which now includes the MetaTrader 5 platform and is available in the U.S., Canada, and the European Union.
In contrast, Eightcap provides two main account choices: the commission-based Raw account and the spread-only Standard account. The Raw account lists an average spread of 0.06 pips, but when the $3.50 commission per trade is added, the all-in cost effectively brings the spread cost to approximately 0.76 pips—slightly under the industry average of 0.8 pips. While Eightcap might not be the least expensive option, it remains a viable choice for traders seeking a straightforward pricing structure.
In the realm of commissions and fees, FOREX.com is rated at 4.5 stars, securing the 13th spot among 63 brokers. Meanwhile, Eightcap holds a 4-star rating, ranking 26th. These ratings reflect the nuanced pricing structures and offerings each platform provides, each appealing to different levels and styles of forex trading. Whether prioritizing lower spreads or a wider range of trading platforms, both brokers offer viable options tailored to distinct trading needs.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FOREX.com and Eightcap, both platforms enable forex trading via CFDs or spot contracts, offering flexibility in trading choices. FOREX.com stands out with a remarkable 5,500 tradeable symbols, surpassing Eightcap's offering of 800. Those focused on forex pair trading will find FOREX.com again takes the lead with 80 available pairs compared to Eightcap's 56. Neither broker allows investing in exchange-traded securities on U.S. or international exchanges.
While FOREX.com does not support copy trading, this feature is available with Eightcap, catering to investors looking to mirror successful strategies. Cryptocurrency enthusiasts will find both platforms only offer derivatives rather than actual cryptocurrencies. In terms of overall range of investments, FOREX.com holds a competitive edge with a 5-star rating, ranking 7th among 63 brokers on ForexBrokers.com. Meanwhile, Eightcap receives a rating of 3.5 stars, placing them at the 40th position.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 800 |
| Forex Pairs (Total) | 80 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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 FOREX.com and Eightcap, both brokers offer a strong suite of features, but there are notable differences. FOREX.com provides a proprietary platform and supports both desktop and web-based trading, allowing for versatile trading experiences no matter the device. Eightcap, while not offering a proprietary platform, ensures compatibility with widely used MetaTrader platforms, just like FOREX.com. Both brokers also support MetaTrader 4 and 5. However, copy trading is exclusively available with Eightcap, giving it a unique edge for those interested in this style of trading. Demo accounts are offered by both brokers, making it easy to practice trading in a risk-free environment.
FOREX.com stands out with 20 columns for watch lists and an impressive 239 drawing tools, enhancing its charting capabilities. In contrast, Eightcap provides 7 columns and 15 drawing tools, focusing on simplicity. Trading directly from charts is supported on both platforms, offering convenience. Despite their individual strengths, FOREX.com achieves a higher rating of 5 stars for Trading Platforms and Tools, ranking 7th out of 63 brokers, compared to Eightcap's 4-star rating and 38th place ranking. This distinction reflects FOREX.com's broader range of features and more comprehensive toolset.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and Eightcap, both brokers offer a comprehensive set of features designed to meet the needs of traders on the go. Each provides iPhone and Android apps, complete with stock or forex price alerts and seamless watchlist syncing between the mobile app and online account. While both platforms allow users to draw trendlines and view various time frames on charts, FOREX.com stands out with 88 technical studies available for mobile charting, significantly higher than Eightcap's offering of 30.
Both platforms allow the creation of watchlists with real-time quotes and auto-save chart drawings. However, FOREX.com receives higher acclaim, earning a 5-star rating for its mobile trading app compared to Eightcap's 4 stars. In terms of rankings by ForexBrokers.com, FOREX.com secures the #3 spot out of 63 brokers, showcasing its strong mobile trading capabilities, while Eightcap is ranked at #38. Overall, while both apps offer essential trading features, FOREX.com is rated more highly, providing a more enhanced experience for mobile traders.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of FOREX.com and Eightcap, both platforms provide daily market commentary to keep traders informed on the latest trends. However, when it comes to accessing forex news from renowned sources like Bloomberg, Reuters, and Dow Jones, FOREX.com stands out by providing this premium content, whereas Eightcap does not offer this level of news coverage. In terms of technical analysis, FOREX.com provides tools from Trading Central, enhancing traders' ability to make informed decisions. This feature is absent in Eightcap’s offerings. Both brokers do not integrate tools from Autochartist or Acuity Trading, nor offer research from TipRanks, but they each provide a sentiment-based trading tool and an economic calendar to track global events.
The comprehensive research capabilities of FOREX.com are reflected in its high score, earning a 4.5-star rating and securing the 9th position out of 63 brokers in the Research category according to ForexBrokers.com. In contrast, Eightcap is rated with 3.5 stars, ranking 39th, which suggests a more limited scope of resources for market analysis. Overall, while both brokers offer essential tools, FOREX.com delivers a superior research experience, catering more effectively to traders seeking advanced insights and reputable news sources.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both FOREX.com and Eightcap provide a solid foundation with more than ten educational pieces focused on forex or CFDs, which include articles, videos, and archived webinars. However, FOREX.com takes it a step further by regularly offering live educational webinars at least once a month, a feature Eightcap does not provide. Both brokers have searchable archives of past webinars, making it convenient for users to find specific information. Each platform also offers a wide array of beginner educational videos on trading topics, ensuring newcomers have the resources they need to get started.
In terms of advanced educational content, FOREX.com excels by offering more than ten videos designed for experienced traders, while Eightcap falls short in this aspect. Both brokers provide an investor dictionary with definitions of over 50 investing terms, aiding in the understanding of complex financial jargon. This comprehensive approach to education earns FOREX.com a rating of 4.5 stars, placing it at an impressive #4 out of 63 brokers according to ForexBrokers.com's education ranking. Meanwhile, Eightcap, with a rating of 3.5 stars, stands at #40, indicating a less comprehensive offering for those seeking in-depth educational resources.
| Feature |
FOREX.com
|
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 FOREX.com is better than Eightcap. FOREX.com finished with an overall rank of #5, while Eightcap finished with an overall rank of #38.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Both FOREX.com and Eightcap do not provide the option to purchase actual cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives.
FOREX.com and Eightcap both support PayPal, Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but FOREX.com offers ACH or SEPA transfers while Eightcap does not, and only Eightcap provides Skrill as an additional option.
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 | FOREX.com | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Eightcap Review |
| Broker Screenshots | FOREX.com | Eightcap | |
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| Regulation | FOREX.com | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 800 | |
| Forex Pairs (Total) | 80 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | FOREX.com | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | 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 | FOREX.com | 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 | FOREX.com Review | Eightcap Review |
| Overall | FOREX.com | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Eightcap Review |
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