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Eightcap vs FXOpen 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is Eightcap better than FXOpen? In our analysis of 23 international regulators across 62 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. FXOpen is considered average-risk, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Compare

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Overall RatingEightcapFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 87 80
Winner check_circle
Review Eightcap Review
Broker ScreenshotsEightcapFXOpen
Trading Platforms Gallery (click to expand)
Eightcap MT5 desktop trading platformzoom_in Eightcap MT5 desktop trading platform chartingszoom_in Eightcap MT5 desktop trading platformzoom_in Eightcap MT5 desktop trading platform depth of marketzoom_in Eightcap MT5 desktop trading platform signals marketzoom_in Eightcap capitalisezoom_in Eightcap capitalisezoom_in Eightcap capitalisezoom_in
Research Gallery (click to expand)
zoom_in zoom_in Eightcap research Trade Zone series YouTube video playlist detail.zoom_in Eightcap research Trade Zone series YouTube video playlist.zoom_in
Mobile Trading Gallery (click to expand)
Eightcap MT4 mobile trading app watchlistzoom_in Eightcap MT4 mobile trading app chartszoom_in Eightcap MT4 mobile trading appzoom_in Eightcap MT4 mobile trading app economic calendarzoom_in
Education Gallery (click to expand)
Eightcap YouTube channel videoszoom_in Eightcap YouTube channel videos research market update serieszoom_in
RegulationEightcapFXOpen
Trust Score 87 80
Year Founded 2009 2003
Publicly Traded (Listed) No No
Bank No No
European Union Authorised (MiFID) Yes info Yes info
Tier-1 Licenses 2 2
Tier-2 Licenses 1 1
Tier-3 Licenses 2 0
Tier-1 Licenses (High Trust)EightcapFXOpen
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
Hong Kong (SFC Authorised) No No
CBI Authorised (Ireland) No No
Japan (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes Yes
USA (CFTC Authorized) No No
New Zealand (FMA Authorised) No No
Tier-2 Licenses (Average Trust)EightcapFXOpen
China (CBRC Authorised) No No
Cyprus (CySEC Authorised) Yes Yes
India (SEBI Authorised) No No
Israel (ISA Authorised) No No
Russia (CBR Authorised) No No
South Africa (FSCA Authorised) No No
Thailand (SEC Authorised) No No
UAE (DFSA/Central Bank Authorised) No No
Tier-3 Licenses (Low Trust)EightcapFXOpen
Bahamas (SCB Authorised) Yes No
Belize (FSC Authorised) No No
Cayman Islands (CIMA Authorised) No No
Bermuda (BMA Authorised) No No
British Virgin Islands (FSC Authorised) No No
Mauritius (FSC Authorised) No No
Vanuatu (VFSC Authorised) Yes No
InvestmentsEightcapFXOpen
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 736 87
Forex Pairs (Total) 42 25
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 (CFD) 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).
CostEightcapFXOpen
Average Spread EUR/USD - Standard 1.0 info N/A info
All-in Cost EUR/USD - Active 0.76 N/A info
Active Trader or VIP Discounts No Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingEightcapFXOpen
Minimum Deposit $100 $100
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsEightcapFXOpen
Proprietary Platform No 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 No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolsEightcapFXOpen
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) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingEightcapFXOpen
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchEightcapFXOpen
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationEightcapFXOpen
Education (Forex or CFDs) Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsEightcapFXOpen
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 Eightcap Review
OverallEightcapFXOpen
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 87 80
Winner check_circle
Review Eightcap Review
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Eightcap vs FXOpen Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs FXOpen.

Does Eightcap or FXOpen offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Eightcap offers better pricing overall for traders.

Is Eightcap or FXOpen safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Eightcap and FXOpen hold 2 global Tier-1 licenses. Both Eightcap and FXOpen hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than FXOpen.

Which trading platform is better: Eightcap or FXOpen?

To compare the trading platforms of both Eightcap and FXOpen, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Eightcap offers a better experience. With research, Eightcap offers superior market research. Finally, we found Eightcap to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and FXOpen offer MetaTrader 4 (MT4).Eightcap and FXOpen both offer copy trading.

How many forex pairs and CFDs are available to trade?

Eightcap provides traders 42 currency pairs (e.g., EUR/USD) compared to FXOpen's 25 available pairs. Forex pairs aside, Eightcap offers traders access to 736 CFDs while FXOpen has 87 available CFDs, a difference of 649.

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust FXOpen?

FXOpen is not a publicly traded company, doesn't operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FXOpen is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Is FXOpen good?

FXOpen is a long standing MetaTrader broker with a narrow offering and few benefits beyond a standard MetaTrader experience coupled with social-trading platforms ZuluTrade and Myfxbook.

Overall winner: Eightcap

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announcementPlease 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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