Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets, founded in 2005, and Eightcap, established in 2009, are both online brokers known for their financial trading services. Neither company is publicly traded or operates as a bank. FP Markets holds a slightly higher ForexBrokers.com Trust Score of 89, placing it in the "trusted" category. In terms of regulatory licenses, FP Markets holds two Tier-1 licenses, indicative of high trust, and one Tier-2 license, which is also regarded as trustworthy.
Similarly, Eightcap, while having a Trust Score of 85 from ForexBrokers.com, also falls within the trusted range. It secures its standing by holding three Tier-1 licenses, demonstrating a strong foundation in financial security. However, unlike FP Markets, Eightcap does not possess any Tier-2 licenses. Both brokers provide a reasonable level of trust, each with its own regulatory strengths.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, FP Markets earns 5/5 stars and ranks #6 of 63 for this category, while Eightcap earns 4/5 stars and ranks #27 of 63. Both brokers offer a spread-only Standard account and a commission-based Raw account. FP Markets’ Raw ECN averages 0.1 pips plus a $6 round-turn commission per standard lot, for about 0.8 pips all-in; its Standard account averages 1.1 pips on EUR/USD. Eightcap’s Raw account averages 0.06 pips plus $3.50 per side ($7 round-turn), for roughly 0.76 pips all-in, and it also offers a spread-only Standard account.
Eightcap’s quoted Raw all-in cost edges FP Markets on EUR/USD, but FP Markets is widely regarded for sharp pricing across its MetaTrader and cTrader lineup and earned Best in Class for Commissions and Fees in 2024. In practice, both are near the industry average for popular pairs; Eightcap is slightly pricier than the very cheapest brokers overall, while FP Markets consistently competes among the lowest-cost choices, especially on its ECN setup.
Beyond forex, FP Markets provides Direct Market Access (DMA) share CFD trading via Iress ViewPoint with depth-of-book, though platform/data fees can apply unless you qualify for Premier or generate at least AUD 150 in monthly commissions; the Iress tiers require minimum deposits of AUD 1,000 (Standard), AUD 25,000 (Platinum), and AUD 50,000 (Premier). FP Markets also offers Iress Investor with waived monthly fees but limited charts and no default streaming data. For straightforward, low-cost forex, the Raw accounts at both brokers are the most competitive options.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.0 |
| All-in Cost EUR/USD - Active | 0.7 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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.
FP Markets vs Eightcap: when it comes to range of investments, FP Markets offers far more markets to choose from. You’ll find about 10,000 tradeable symbols at FP Markets versus roughly 800 at Eightcap. For forex, both brokers let you trade either CFDs or spot contracts, with FP Markets listing 71 currency pairs compared to 56 at Eightcap. Both support copy trading and offer cryptocurrency derivatives, but neither lets you buy actual crypto. Also note: neither broker provides direct, exchange-traded shares on U.S. or international exchanges (so you can’t buy stocks like Apple or Vodafone outright—only via derivatives where available).
These differences show up in independent ratings for range of investments: FP Markets earns 4.5 out of 5 stars and ranks 19th out of 63 brokers on ForexBrokers.com, while Eightcap scores 3.5 stars and ranks 41st. In short, FP Markets better suits traders seeking more symbols and forex pairs, while Eightcap covers the basics with a leaner lineup.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 800 |
| Forex Pairs (Total) | 71 | 56 |
| 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 (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.
Comparing FP Markets vs Eightcap for trading platforms and tools: both brokers offer free demo (paper) accounts, Windows desktop and web-based platforms, copy trading, and the popular MetaTrader 4 and MetaTrader 5. A key difference is that FP Markets also provides a proprietary, in-house platform, while Eightcap does not. Neither broker offers DupliTrade or ZuluTrade.
For charting and ease of use, both let you place trades directly from charts and include watchlists with 7 fields. FP Markets lists 17 drawing tools versus 15 at Eightcap, and both include a standard set of technical indicators. According to ForexBrokers.com, both brokers earn 4 out of 5 stars for Trading Platforms and Tools, with FP Markets ranked #23 out of 63 and Eightcap ranked #39. This makes FP Markets slightly stronger on platform variety and charting tools, while Eightcap remains a solid MetaTrader-focused choice.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Eightcap both deliver solid mobile trading apps for iPhone and Android, complete with price alerts, trendline drawing, multiple time frames, auto‑saved chart drawings, and real-time quote watchlists. The key difference is watchlist syncing: Eightcap syncs your symbols across devices and your online account, while FP Markets does not. Both earn 4 out of 5 stars for mobile trading apps.
For charting, FP Markets relies on MetaTrader’s default studies, while Eightcap lists 30 technical studies in its app. According to ForexBrokers.com, FP Markets ranks #18 out of 63 for Mobile Trading Apps, compared with Eightcap at #39. If synced watchlists matter most, Eightcap has the edge; if you prefer the MetaTrader feel and a higher category ranking, FP Markets may be the better fit.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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.
FP Markets vs Eightcap for market research: both brokers publish daily market commentary, provide an economic calendar for global events, and include a sentiment tool showing the ratio of long and short positions. FP Markets goes further with forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones) and integrated third-party research from Autochartist and Trading Central. Eightcap does not offer those third-party tools or top-tier news, and neither broker includes TipRanks or Acuity Trading.
In testing by ForexBrokers.com, FP Markets earned 4 stars for Research and ranked #25 out of 63 brokers, while Eightcap scored 3.5 stars and ranked #40. If you want deeper technical analysis and trade ideas alongside trusted news coverage, FP Markets is likely the stronger choice; if you mainly need daily commentary, sentiment, and a clear economic calendar, Eightcap covers the essentials.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | 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 in the world of forex and contracts for difference (CFDs), FP Markets shines compared to Eightcap. Both brokers provide access to essential learning materials, exceeding the minimum of 10 resources such as articles and videos. In addition, FP Markets stands out by offering regular monthly educational webinars, something Eightcap does not currently provide. For those who can't attend live sessions, FP Markets and Eightcap both maintain archives of recorded webinars, allowing beginners to learn at their own pace.
Beyond general resources, FP Markets caters to both newcomers and experienced traders by offering over 10 beginner-focused trading videos and an equal number of advanced videos, which Eightcap lacks in the advanced category. Both brokers feature an investor dictionary with over 50 definitions to clarify investing jargon. Overall, FP Markets garners a higher education rating of 4 stars out of 5, compared to Eightcap's 3.5 stars. In rankings by ForexBrokers.com, FP Markets holds the 23rd spot out of 63 brokers for educational offerings, while Eightcap is positioned at 40th.
| Feature |
FP Markets
|
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 FP Markets is better than Eightcap. FP Markets finished with an overall rank of #19, while Eightcap finished with an overall rank of #38.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 85 |
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Both FP Markets and Eightcap do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
FP Markets and Eightcap both offer diverse funding options including PayPal, Skrill, Visa or Mastercard, and bank wires, but neither provides ACH or SEPA transfers for account deposits or withdrawals.
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 | FP Markets | Eightcap | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
| Broker Screenshots | FP Markets | Eightcap | |
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| Regulation | FP Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 89 | 85 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 800 | |
| Forex Pairs (Total) | 71 | 56 | |
| 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 (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 | FP Markets | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $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 | No | No |
| Trading Platforms | FP Markets | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | Eightcap | |
|---|---|---|---|
| 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) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | Eightcap Review |
| Overall | FP Markets | Eightcap | |
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| Trust Score | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
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