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 score well for commissions and fees, but FP Markets comes out ahead on value overall. FP Markets is rated 4.5 out of 5 stars and ranked #11 out of 36 brokers for Commissions and Fees. Its Raw ECN account is especially competitive, with average spreads of 0.1 pips and about 0.8 pips all-in after commission, while the Standard account is more expensive at around 1.1 pips on EUR/USD. FP Markets also offers commission-based pricing on cTrader, with a flat $6 round-turn per standard lot for forex trading.
Eightcap is also rated 4.5 out of 5 stars, but it ranks lower at #20 out of 36 brokers in the same category. Its Raw account shows very tight average spreads of 0.06 pips, but the $3.50 per-side commission brings the all-in cost to roughly 0.76 pips. That puts it close to the industry average, though still a bit pricier than the cheapest forex brokers. For traders choosing between the two, Eightcap is competitive, but FP Markets generally has the edge for overall pricing.
In short, both brokers offer low-cost trading options, especially on their commission-based accounts. FP Markets is the better pick if you want a slightly stronger mix of price and overall value, while Eightcap remains a solid choice for traders looking for tight spreads and straightforward fees.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When comparing FP Markets vs Eightcap for range of investments, FP Markets comes out ahead thanks to a much wider list of markets to trade. FP Markets offers around 10,000 tradeable symbols and 71 forex pairs, while Eightcap provides 803 symbols and 55 forex pairs. Both brokers let clients trade forex as CFDs, and both also offer cryptocurrency CFDs. However, neither broker offers direct share dealing on U.S. or international exchanges, and neither lets clients buy actual delivered cryptocurrency.
FP Markets also stands out by offering copy trading, which Eightcap does not. These differences help explain why FP Markets is rated higher for range of investments, with 4.5 stars and a ForexBrokers.com ranking of #17 out of 36 brokers, compared with Eightcap’s 3.5 stars and #31 ranking. For traders who want more choice across markets, FP Markets has the stronger investment selection overall.
| 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 | No |
| 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 give traders a solid set of platform choices, including free demo accounts, Windows desktop downloads, web-based platforms, MetaTrader 4, and MetaTrader 5. Each also lets you trade straight from charts, which is helpful for placing orders quickly while watching price moves. Both brokers earn 4 out of 5 stars for trading platforms and tools, so they each offer a well-liked mix of features for beginners and active traders alike.
Where FP Markets pulls ahead is in a few extra options. It offers a proprietary platform made by the broker and also supports copy trading, while Eightcap does not offer either of those features. That edge helps FP Markets rank higher overall for this category, placing #22 out of 36 brokers compared with Eightcap’s #34 ranking, even though both brokers cover the core trading tools most people look for.
| 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 | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and Eightcap both make mobile trading easy on iPhone and Android, and each app includes price alerts, trendline drawing, and automatic saving of chart drawings. Both brokers also earn the same 4-star rating for mobile trading apps. If you want a basic, dependable app experience for trading on the go, either broker can fit the bill.
The main difference is in charting and watchlists. Eightcap lets users sync watchlists between the mobile app and online account, which is handy if you switch devices often, and it offers 100 technical studies for chart analysis. FP Markets does not offer watchlist syncing in its app, and its charting is based on the default MetaTrader setup. In ForexBrokers.com rankings, FP Markets places higher for mobile trading apps at #20 out of 36 brokers, while Eightcap ranks #34.
| 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) | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets has the edge over Eightcap for market research. Both brokers provide daily market commentary, a sentiment tool, and an economic calendar to help traders track news and market moves. However, FP Markets goes further by adding forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus research tools from Autochartist and Trading Central. It is also rated 4 out of 5 stars for Research and ranks #22 out of 36 brokers at ForexBrokers.com.
Eightcap covers the basics well, with daily commentary, sentiment data, and an economic calendar, but it offers fewer third-party research tools overall. It does not include top-tier forex news, Autochartist, or Trading Central, though it does offer Acuity Trading’s Signal Centre, which FP Markets does not. Eightcap is rated 3.5 out of 5 stars for Research and ranks #35 out of 36 brokers at ForexBrokers.com, making FP Markets the stronger choice for traders who want more market insight.
| 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.
For beginners looking for learning support, FP Markets comes out ahead of Eightcap overall. FP Markets offers forex and CFDs education, runs at least one educational webinar each month, and provides 10 or more beginner videos plus 10 or more advanced videos. That gives new traders and more experienced users a wider range of ways to learn at their own pace. It is also rated 4 out of 5 stars for Education and ranks #21 out of 36 brokers in the ForexBrokers.com Education category.
Eightcap also gives beginners access to at least 10 starter videos, but it trails FP Markets in other key areas. Based on the details provided, Eightcap does not offer monthly educational client webinars and does not have 10 or more advanced educational videos for experienced traders. It also ranks lower for Education, with a 3.5-star rating and a #33 ranking out of 36 brokers. For traders who want more ongoing learning material and a broader mix of content, FP Markets is the stronger choice.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| 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
|
|---|---|---|
| Overall Rating |
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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 CMA 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 | No | |
| 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) - Spread-only account | 1.3 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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 | No | |
| 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 | 100 | |
| 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 Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 100 | |
| 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 | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Eightcap | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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