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 4.5 out of 5 stars for commissions and fees, but FXCM edges ahead in the ranking, placing #17 out of 36 brokers compared with Eightcap at #20 out of 36. In plain terms, both brokers offer pricing that is fairly competitive, though neither is the cheapest option in the market.
FXCM’s costs are slightly above the industry average overall, with standard EUR/USD spreads averaging 0.78 pips in its EU, U.K., and Australia offerings, and 1.38 pips through its St. Vincent and the Grenadines entity. Its commission-based accounts are cheaper upfront at 0.28 pips before commission, but the all-in cost is closer to 0.74 pips once commissions are included. Active traders may be able to lower costs through FXCM’s rebate program, although the best discounts depend on trading volume and where the account is held.
Eightcap also offers two main pricing options: a spread-only Standard account and a commission-based Raw account. Its Raw account shows average spreads of 0.06 pips, but after the $3.50 per-side commission, the total cost is about 0.76 pips, which is slightly below the industry average of 0.8 pips. Overall, Eightcap’s fees are reasonable, but FXCM has a small advantage in the category thanks to its stronger rank and slightly better pricing for commission-based trading.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average spread (EUR/USD) - Spread-only account | 0.9 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When comparing FXCM and Eightcap for range of investments, both brokers offer forex trading as a CFD or spot contract, and both support cryptocurrency CFDs rather than actual crypto ownership. Neither broker offers exchange-traded U.S. shares or international shares, so if you want to buy real stocks like Apple or Vodafone, you’ll need to look elsewhere. FXCM does stand out for copy trading, which Eightcap does not offer.
Eightcap has the wider selection overall, with 803 tradeable symbols and 55 forex pairs, compared with FXCM’s 440 symbols and 46 forex pairs. That broader list helped Eightcap earn a 3.5-star rating for range of investments, while FXCM scored 4.5 stars and ranked higher overall in ForexBrokers.com’s category ranking, placing #21 out of 36 brokers versus Eightcap’s #31. In short, Eightcap offers more markets to trade, while FXCM offers copy trading and a slightly stronger category rating.
| 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 | 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.
FXCM and Eightcap both give traders a choice of demo accounts, desktop downloads, web platforms, MetaTrader 4, and the ability to place trades straight from charts. That means either broker can work well if you want to practice first, trade from your browser, or use MT4 on a familiar setup. Both also offer charting and watch list tools, making it easy to track markets and monitor positions in one place.
Where FXCM stands out is in having its own in-house platform and copy trading, which gives it more built-in options for traders who want extra flexibility. Eightcap does not offer a proprietary platform or copy trading, but it does support MetaTrader 5, which FXCM does not. In independent ratings, FXCM is also ranked higher for Trading Platforms and Tools, with 5 stars and a #4 spot out of 36 brokers, compared with Eightcap’s 4 stars and #34 ranking.
| 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 | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Eightcap both give mobile traders the basics they need on iPhone and Android, including price alerts, watchlist syncing with the online account, trendline drawing, and auto-saving chart drawings. That means either broker lets you keep track of markets and move between your phone and desktop without losing your setup. For everyday mobile use, the two platforms are closely matched on core features.
The main difference shows up in charting and overall mobile app feedback. Eightcap offers 100 technical studies in its mobile charts, compared with 59 at FXCM, which may appeal to traders who want more indicators on the go. FXCM, however, scores higher in ForexBrokers.com’s Mobile Trading Apps category, with 4.5 out of 5 stars and a ranking of #16 out of 36 brokers, while Eightcap earns 4 stars and ranks #34. In short, Eightcap leads on chart tools, but FXCM has the stronger overall mobile app rating.
| 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 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXCM and Eightcap both give traders daily market commentary, a sentiment tool, and an economic calendar, so each broker covers the basics of staying on top of market moves and upcoming news. That said, FXCM has a clear edge for market research overall. It adds forex news from top sources such as Bloomberg, Reuters, and Dow Jones, plus Trading Central tools and TipRanks research, while Eightcap does not offer those same extras. Eightcap does, however, provide Acuity Trading tools, which FXCM does not.
For research quality, FXCM is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers at ForexBrokers.com, while Eightcap is rated 3.5 stars and ranks #35. In simple terms, both brokers can help with day-to-day market tracking, but FXCM offers a wider and stronger research package overall, making it the better pick for traders who want more analysis and news in one place.
| 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.
For beginners looking to learn forex or CFD trading, FXCM has the stronger education offering compared with Eightcap. FXCM provides plenty of learning material, including at least 10 forex or CFD education pieces, monthly online client webinars, and a solid library of beginner videos as well as advanced videos for more experienced traders. That broader mix helps new traders start with the basics and keep learning as their skills grow.
Eightcap also gives beginners access to more than 10 beginner trading videos and enough forex or CFD education content to meet the basic standard, but it does not offer monthly webinars and does not have as many advanced video lessons. Reflecting this gap, FXCM is rated 4.5 out of 5 for Education and ranks #13 out of 36 brokers on ForexBrokers.com, while Eightcap is rated 3.5 out of 5 and ranks #33 out of 36.
| Feature |
FXCM
|
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 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
|
|---|---|---|
| Overall Rating |
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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 CMA 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 | 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 | FXCM | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.9 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| 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 (Deposit/Withdraw) | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 100 | |
| 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 Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 100 | |
| 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 | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | Eightcap | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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