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 3 global Tier-1 licenses. Both Eightcap and FXOpen hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap (85) earned a higher Trust Score than FXOpen (80).
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 three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Eightcap is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the European Union via MiFID.
Can I trust FXOpen?
FXOpen is not a publicly traded company, does not operate a bank, and is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXOpen is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and the European Union via MiFID.
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.aiโs 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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We review each brokerโs overall global offering โ a โYesโ 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.