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 | 2 |
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 account | 1.2 | 1.0 |
| All-in Cost EUR/USD - Active | 0.7 | 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 offers a wider range of investments than Eightcap, with about 10,000 tradeable symbols compared to Eightcap’s 803. For forex, FP Markets lists 71 currency pairs while Eightcap offers 55. Both brokers support forex trading (CFD/spot, depending on account and region) and both offer copy trading. Reflecting this coverage, ForexBrokers.com rates FP Markets 4.5/5 stars for Range of Investments (19th of 63), versus Eightcap’s 3.5/5 stars (41st of 63).
Neither FP Markets nor Eightcap lets you buy exchange-traded shares directly on U.S. or international stock exchanges; their offerings center on CFDs rather than direct share ownership. For crypto, neither broker supports buying actual coins, but both provide cryptocurrency CFDs. If you want the broadest instrument list and more forex pairs, FP Markets stands out; if you’re fine with a smaller, CFD-focused lineup, Eightcap covers the basics.
| 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 offer paper trading with free demo accounts, plus web and Windows desktop platforms that let you trade directly from charts. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes copy trading. A key difference: FP Markets also provides its own in-house platform, while Eightcap focuses on third‑party platforms like MT4/MT5.
For Trading Platforms and Tools, both brokers earn 4 out of 5 stars. However, FP Markets ranks higher at #23 out of 63 brokers on ForexBrokers.com, compared with Eightcap at #39. If you want a broker with an in-house platform in addition to MetaTrader, FP Markets may suit you. If you’re happy staying within the MetaTrader ecosystem and want easy access to demo and chart-trading features, Eightcap is also a solid 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.
Both FP Markets and Eightcap offer mobile trading apps for iPhone and Android, complete with price alerts, trendline drawing, and auto‑saving chart annotations. Each app earned a 4 out of 5 star rating for mobile trading. That said, ForexBrokers.com ranks FP Markets higher overall for mobile apps (#18 of 63) compared to Eightcap (#39 of 63), which may matter if third‑party evaluations influence your choice.
Key differences come down to watchlists and chart studies. Eightcap syncs your watchlists across devices and your online account, while FP Markets does not. For charting, FP Markets uses MetaTrader’s default set of indicators, whereas Eightcap lists 30 built‑in technical studies. If cross‑device watchlist syncing is important, Eightcap has the edge. If you prefer MetaTrader’s standard toolkit and a stronger category ranking, FP Markets is worth a look.
| 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 and Eightcap both deliver daily market commentary and an economic calendar, plus trader sentiment tools that show long vs. short positioning. Where they differ is in news and analysis add‑ons: FP Markets streams forex news from top-tier providers like Bloomberg/Reuters-style sources and offers popular tools from Autochartist and Trading Central for technical and fundamental insights. Eightcap does not provide those specific news feeds or tools, but it does include Acuity Trading’s Signal Centre. Neither broker integrates TipRanks.
If you want richer in‑platform research coverage and premium news, FP Markets has the edge. If you value trading signals from Acuity, Eightcap is worth a look. According to ForexBrokers.com, FP Markets earns 4 stars for Research and ranks #25 out of 63 brokers, while Eightcap scores 3.5 stars and ranks #40. In short: FP Markets offers broader research tools and top‑tier news, and Eightcap counters with Acuity-driven signals and the essentials most traders need.
| 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.
Both FP Markets and Eightcap offer forex and CFD education with at least 10 learning resources, and each hosts ongoing client webinars (at least monthly). Beginners will find plenty to get started at either broker, as both provide at least 10 beginner-focused trading videos that explain the basics in a simple way.
Where they differ is depth for ongoing learning. FP Markets also includes at least 10 advanced videos for experienced traders, while Eightcap falls short on advanced video volume. Reflecting this, FP Markets earns 4 stars and ranks #23 out of 63 for Education at ForexBrokers.com, compared with Eightcap’s 3.5 stars and #40 ranking. If you’re a beginner who plans to grow into more advanced topics, FP Markets has the edge; if you mainly want beginner videos and regular webinars, Eightcap is still a solid pick.
| 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 #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
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Eightcap
|
|---|---|---|
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| Trust Score | 89 | 85 |
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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 | 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 | 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 (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, 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 | 1.2 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.7 | 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 | 89 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
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