Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM vs Eightcap: FXCM was founded in 1999 and is publicly traded, while Eightcap started in 2009 and is privately held. Neither broker is a bank. According to ForexBrokers.com, FXCM earns a 95/99 Trust Score (highly trusted), and Eightcap scores 87/99 (trusted). For context, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
On regulation, FXCM holds 4 Tier-1 licenses and 2 Tier-2 licenses, compared with Eightcap’s 3 Tier-1 and 1 Tier-2. Tier-1 licenses are viewed as highly trusted and Tier-2 as trusted by ForexBrokers.com, indicating broader top-tier oversight at FXCM while Eightcap still carries multiple high-grade approvals.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
FXCM and Eightcap both earn 4 out of 5 stars for commissions and fees. FXCM ranks #17 out of 63 brokers in this category at ForexBrokers.com, while Eightcap ranks #20 out of 63. In practice, their all-in trading costs are close: Eightcap’s Raw account averages about 0.76 pips on EUR/USD, and FXCM’s commission-based pricing typically lands around the mid-to-high 0.7 pips depending on entity and discounts.
FXCM’s forex pricing is slightly above the industry average overall. In May 2024, Standard account EUR/USD spreads averaged 0.78 pips for its EU, U.K., and Australia entities, and 1.38 pips for St. Vincent and the Grenadines. Commission-based accounts averaged a 0.28-pip core spread (ex-commission), with an effective cost closer to about 0.74 pips after adding the commission; in the U.K., an Active Trader example translates to roughly 0.78 pips. FXCM’s Active Trader Rebate Program (not available in the U.K. or EU) offers five tiers that rebate $5 to $25 per million traded based on volume. As with most brokers, spreads can widen during rollover or unusual market conditions.
Eightcap offers two account types: a spread-only Standard account and a commission-based Raw account. The Raw account lists an average 0.06-pip spread on EUR/USD; after the $3.50 per-side commission, the all-in cost is about 0.76 pips—just under the 0.8-pip industry average. Overall, Eightcap is slightly pricier than the very lowest-cost brokers, but its Raw pricing is broadly comparable to FXCM’s commission-based offering, while FXCM’s Standard spreads (outside SVG) are similar to Eightcap’s Raw all-in cost. Your final cost with FXCM can improve if you qualify for its high-volume rebates.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average spread (EUR/USD) - Standard account | 0.9 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FXCM vs Eightcap for available markets: both offer forex trading either as CFDs or spot contracts. Eightcap lists 803 tradeable symbols and 55 forex pairs, giving it a larger catalog than FXCM’s 440 symbols and 46 pairs. Both also let you trade cryptocurrency via CFDs, but neither broker lets you buy actual crypto.
Neither broker provides access to exchange-traded stocks on U.S. or international exchanges, so you can’t buy shares like Apple or Vodafone through these platforms. Copy trading is available at both. For range of investments, each earns 3.5 out of 5 stars from ForexBrokers.com; FXCM ranks 21st out of 63 brokers, while Eightcap ranks 29th.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 803 |
| Forex Pairs (Total) | 46 | 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.
FXCM vs Eightcap: both brokers offer free demo (paper) accounts, web and Windows desktop platforms, and copy trading. FXCM also provides a proprietary, in-house platform, while Eightcap sticks to third-party options. Each supports MetaTrader 4 (MT4), but only Eightcap includes MetaTrader 5 (MT5). With either broker, you can place trades directly from charts.
For platform quality, ForexBrokers.com rates FXCM 5/5 stars and ranks it #4 out of 63 brokers for Trading Platforms and Tools, while Eightcap earns 4/5 stars and ranks #31. Choose FXCM if you want a broker with its own platform plus MT4 and convenient chart trading. Pick Eightcap if you need MT5 alongside MT4, with copy trading and a demo account in the mix.
| Feature |
FXCM
|
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) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Eightcap both offer mobile trading apps for iPhone and Android. Each app supports price alerts, synced watchlists so changes carry over between the app and your online account, and the ability to draw trendlines that auto-save on your charts. That makes it easy to track markets, manage lists, and keep your chart work intact across devices.
Key differences show up in charting and third-party evaluations. FXCM includes 59 built-in technical studies, almost double Eightcap’s 30, which can help if you rely on indicators for analysis. Ratings also favor FXCM: it earns 4.5 out of 5 stars and ranks 16th out of 63 brokers in ForexBrokers.com’s Mobile Trading Apps category, while Eightcap holds 4 stars and ranks 31st. Choose FXCM if you want more indicators and a higher-rated app; choose Eightcap if you’re satisfied with the essentials on iOS and Android.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXCM and Eightcap both provide daily market commentary, economic calendars, and sentiment tools that show the ratio of long and short positions. FXCM goes further by delivering premium forex news from sources like Bloomberg, Reuters, or Dow Jones, plus research from Trading Central and TipRanks. Eightcap does not offer those, but it does include research tools from Acuity Trading (e.g., Signal Centre). Neither broker offers Autochartist.
For research, FXCM is rated 4.5/5 stars and ranks #11 out of 63 brokers on ForexBrokers.com, while Eightcap earns 3.5/5 stars and ranks #33. If you want integrated premium news and added analyst insights, FXCM is the stronger pick. If you prefer Acuity Trading signals alongside core research basics, Eightcap can fit the bill.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXCM and Eightcap both make it easy for new traders to start learning. Each broker runs monthly educational webinars and offers at least 10 beginner-focused videos that explain forex and CFD trading in plain terms. The key difference shows up as you progress: FXCM also provides 10-plus advanced video lessons for experienced topics, while Eightcap does not, which can limit your next steps once you’ve mastered the basics.
Independent ratings back this up. FXCM earns 4.5 out of 5 stars for Education and ranks #13 out of 63 brokers on ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #31. If you want beginner education with a clear path to more advanced learning, FXCM has the edge. If you mainly want foundational videos and live webinars to get started, Eightcap still covers the essentials.
| Feature |
FXCM
|
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 FXCM is better than Eightcap. FXCM finished with an overall rank of #10, while Eightcap finished with an overall rank of #30.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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Eightcap
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|---|---|---|
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| Trust Score | 95 | 87 |
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FXCM vs Eightcap: neither broker lets you buy or take delivery of actual cryptocurrencies, but both support trading cryptocurrency CFDs.
Comparing deposit and withdrawal options, FXCM supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while Eightcap offers PayPal, Skrill, and bank wires but not ACH/SEPA, with Visa/Mastercard availability not specified for either broker.
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 | FXCM | Eightcap | |
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| Trust Score | 95 | 87 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
| Broker Screenshots | FXCM | Eightcap | |
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| Regulation | FXCM | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 87 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | 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) | FXCM | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 803 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | Eightcap | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | Eightcap | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FXCM Review | Eightcap Review |
| Overall | FXCM | Eightcap | |
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| Trust Score | 95 | 87 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
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