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 vs Eightcap: Both online brokers are regulated by multiple financial authorities, but they differ slightly in trust and licensing. FP Markets holds 2 Tier-1 and 1 Tier-2 licenses and earns a 90/99 Trust Score from ForexBrokers.com (highly trusted), while Eightcap holds 3 Tier-1 and 1 Tier-2 licenses with an 87/99 Trust Score (trusted).
Founded in 2005, FP Markets is not publicly traded and is not a bank; Eightcap, founded in 2009, is also private and not a bank. When comparing regulation, consider FP Markets’ higher trust category versus Eightcap’s extra Tier-1 license to decide which mix of oversight and company background fits your needs.
| 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 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FP Markets and Eightcap both offer two pricing paths: a spread-only Standard account and a commission-based Raw account. On FP Markets’ Raw ECN account, typical spreads were about 0.1 pip, and with a $6 round-turn commission the all-in cost lands near 0.8 pips. Its Standard account is pricier, averaging around 1.1 pips on EUR/USD. Eightcap’s Raw account advertises an average 0.06-pip spread; after the $3.50 per side commission, the all-in cost is roughly 0.76 pips—slightly under the industry 0.8-pip benchmark—while its Standard account relies on wider, spread-only pricing.
FP Markets stands out for award-winning pricing on MetaTrader and cTrader, and it also offers DMA share CFDs via its Iress suite with full depth of book. Keep in mind the Iress ViewPoint tiers in Australia carry higher minimums (AUD 1,000 Standard; AUD 25,000 Platinum; AUD 50,000 Premier) and potential platform/data fees unless you are on Premier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor plan waives monthly fees but limits features like live streaming data and advanced charting.
Verdict: Eightcap’s Raw account has a slight edge on headline all-in forex costs, but overall it’s only a bit cheaper than the very lowest-cost brokers. FP Markets remains highly competitive—earning Best in Class for Commissions and Fees in 2024—and offers broader platform choice. Ratings and rankings: FP Markets is 4.5/5 stars and ranked #11 of 63 for Commissions and Fees; Eightcap is also 4.5/5 stars and ranked #20 of 63.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets vs Eightcap: both brokers offer forex trading either as CFDs or spot contracts and support copy trading. FP Markets provides a much wider selection overall, with 10,000 tradeable symbols and 71 currency pairs, compared with Eightcap’s 803 symbols and 55 pairs. Both also offer access to cryptocurrency markets through crypto CFDs.
Neither broker lets you buy actual exchange-traded shares on U.S. or international markets, and neither offers delivered cryptocurrency (only CFDs). For range of investments, FP Markets is rated 4.5/5 stars and ranks 16th out of 63 brokers, while Eightcap is rated 3.5/5 stars and ranks 29th. If you want the broadest choice of markets, FP Markets has the edge.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 803 |
| Forex Pairs (Total) | 71 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets and Eightcap both check the key boxes for trading platforms and tools: each offers a free demo account, web and Windows desktop platforms, MetaTrader 4 and MetaTrader 5, copy trading, and the ability to place orders directly from charts. A standout difference is that FP Markets provides its own proprietary platform in addition to MetaTrader, while Eightcap relies on third‑party platforms rather than an in‑house app.
For quality, both brokers earn 4 stars for Trading Platforms and Tools. In ForexBrokers.com rankings, FP Markets places higher at #22 out of 63 brokers, compared with Eightcap at #31. If you want an extra in‑house platform option alongside MetaTrader, FP Markets edges ahead; if you prefer a streamlined MetaTrader‑only setup, Eightcap is a straightforward pick.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Eightcap both offer mobile trading apps for iPhone and Android, with key features like price alerts, trendline drawing, and autosaving of chart annotations. A standout difference is watchlists: Eightcap syncs your watchlist with your online account so changes carry across, while FP Markets does not offer this syncing.
For charting, FP Markets uses MetaTrader’s default set of technical studies, whereas Eightcap lists 30 studies in its app. Both brokers earned 4 stars for Mobile Trading Apps from ForexBrokers.com, though FP Markets ranks higher overall in the category (#20 out of 63) compared with Eightcap (#31). Choose Eightcap if synced watchlists and a defined indicator count matter most; pick FP Markets if you’re comfortable with MetaTrader’s studies and value its higher category ranking.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets vs Eightcap: both brokers cover the basics for market research with daily market commentary, an economic calendar, and a sentiment tool that shows long/short positioning. FP Markets earns a higher Research score (4/5 stars, ranked #22 of 63 by ForexBrokers.com) than Eightcap (3.5/5 stars, ranked #33 of 63), reflecting broader news coverage and more built-in analysis tools.
FP Markets provides forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and adds Autochartist and Trading Central for technical and fundamental insights. Eightcap does not include those specific news feeds or tools, but it does offer Acuity Trading’s Signal Centre for trade ideas. Neither broker features TipRanks. If you want premium news and classic third-party toolsets, FP Markets stands out; if you value Signal Centre alongside core features like commentary, sentiment, and an economic calendar, Eightcap still covers key needs.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets vs Eightcap for beginner education: both host ongoing client webinars (at least once a month) and each offers 10+ beginner-friendly videos on forex and CFD trading. That makes either platform a practical starting point if you like learning through videos and live sessions. Where they differ is in how far you can go with video-based learning: FP Markets also provides 10+ advanced trading videos, while Eightcap does not, giving FP Markets an edge if you plan to progress beyond the basics.
Independent ratings back this up. FP Markets earns 4 out of 5 stars for Education and ranks 22nd out of 63 brokers on ForexBrokers.com, while Eightcap scores 3.5 stars and ranks 31st. If you want a larger video library and a smoother path from beginner to more advanced topics, FP Markets is the stronger choice. If you mainly want monthly webinars and beginner videos to get started, Eightcap still fits the bill.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #30.
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 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Eightcap
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|---|---|---|
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| Trust Score | 90 | 87 |
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FP Markets vs Eightcap: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both allow trading cryptocurrency CFDs.
Both FP Markets and Eightcap support PayPal, Skrill, and bank wire deposits and withdrawals, do not offer ACH or SEPA transfers, and provide no specified details on Visa or Mastercard funding options.
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 | 90 | 87 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
| Broker Screenshots | FP Markets | Eightcap | |
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| Regulation | FP Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 90 | 87 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| 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 (FSA 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, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 803 | |
| Forex Pairs (Total) | 71 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.3 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Eightcap | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Eightcap Review |
| Overall | FP Markets | Eightcap | |
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| Trust Score | 90 | 87 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
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