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 |
Comparing commissions and fees, FXCM and Eightcap both earn 4 out of 5 stars. FXCM ranks #25 out of 63 brokers for Commissions and Fees, while Eightcap ranks #27. In general, Eightcap’s all-in pricing on its commission-based Raw account sits just under the industry average, whereas FXCM’s overall pricing is slightly higher than average—though FXCM’s commission-based setup can be quite competitive depending on your region and trading volume.
FXCM’s Standard account spreads on EUR/USD averaged 0.78 pips across the EU, U.K., and Australia in May 2024 (and 1.38 pips via its St. Vincent and the Grenadines entity). Its commission-based accounts averaged 0.28 pips before commissions, with an effective cost around 0.74 pips after the commission-equivalent of 0.50 pips per round-turn (May 2024). FXCM also offers an Active Trader Rebate Program (not available in the U.K. or EU) that pays $5–$25 per million traded across five tiers. Example: in the U.K., a $25,000 balance and $50M monthly volume can reduce the commission to $2.50 per side ($5 round-turn), producing an effective spread near 0.78 pips based on a 0.28-pip core price (Jan 2024). As with most brokers, spreads can widen during rollover or unusual market conditions.
Eightcap provides 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 cheapest brokers. Side by side, FXCM’s commission-based estimate (about 0.74 pips) edges Eightcap’s 0.76 pips, but FXCM’s Standard spreads are higher on average. Your best pick comes down to whether you prefer spread-only pricing or a commission model, your location, and whether you qualify for FXCM’s volume discounts.
| 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 range of investments, Eightcap lists 803 tradeable symbols versus FXCM’s 440. For forex, Eightcap offers 55 currency pairs compared with FXCM’s 46. Both brokers let you trade forex as CFDs or spot contracts, and both support cryptocurrency CFDs; neither lets you buy actual crypto. Copy trading is available at both.
Neither broker offers direct share dealing on U.S. or international stock exchanges (non-CFD shares), so you cannot buy and hold individual stocks through them. For Range of Investments, both earn 3.5 out of 5 stars from ForexBrokers.com, with Eightcap ranked 41st of 63 brokers and FXCM 48th. Bottom line: Eightcap edges out FXCM on breadth by symbol count and category ranking, while their core menus are similar.
| 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 and Eightcap both make it easy to get started with a free demo (paper) account and let you trade from both desktop (Windows) and web-based platforms. FXCM offers its own in-house platform alongside MetaTrader 4 (MT4), plus copy trading and the ability to place orders directly from charts. Eightcap also supports copy trading and chart trading, and pairs MT4 with MetaTrader 5 (MT5); however, it does not have a proprietary platform.
For platform quality and tools, ForexBrokers.com rates FXCM at 5 stars and ranks it #6 out of 63 brokers, while Eightcap earns 4 stars and ranks #39 out of 63. In short, choose FXCM if you want a highly rated, in-house platform option with MT4. Pick Eightcap if MT5 access is a must alongside MT4 and standard web and desktop choices.
| 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 deliver fully featured mobile trading apps for iPhone and Android. Each broker supports stock and forex price alerts, watchlist syncing between mobile and web, and hands-on charting with trendline tools that auto-save your drawings. Whether you’re checking markets on the go or fine-tuning setups, both apps cover the essentials for active traders.
The key difference is charting depth and overall app quality. The FXCM mobile app includes 59 technical studies, while Eightcap offers 30. FXCM also earns a higher Mobile Trading Apps rating at 4.5 stars and ranks #16 out of 63 brokers on ForexBrokers.com; Eightcap is rated 4 stars and ranks #39. Choose FXCM if you want more built-in indicators and a higher-rated app, or Eightcap if you prefer a straightforward experience with core tools in place.
| 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.
Comparing FXCM and Eightcap for market research, both brokers deliver daily market commentary, a sentiment tool that shows the long/short split, and an economic calendar. The big split is in third‑party content: FXCM streams top‑tier news (e.g., Bloomberg, Reuters, Dow Jones), includes Trading Central analysis and TipRanks insights, while Eightcap does not. Eightcap counters with tools from Acuity Trading, which FXCM lacks. Neither broker offers Autochartist.
Ratings reflect these differences: FXCM scores 4.5/5 for research and ranks #11 out of 63 brokers on ForexBrokers.com, whereas Eightcap scores 3.5/5 and ranks #40. If you want in‑platform premium news and widely used third‑party analysis, FXCM is the stronger choice; if you prefer Acuity Trading tools alongside basic research staples, 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 provide forex and CFD education suitable for beginners, offering at least 10 educational pieces such as articles, videos, and archived webinars. Each broker also runs monthly client webinars and delivers 10 or more beginner-focused videos, making it straightforward for new traders to learn the basics.
FXCM extends further for growing traders with 10+ advanced educational videos, while Eightcap does not meet that advanced-video benchmark. This added depth helps learners progress beyond the fundamentals at FXCM. Reflecting the difference, FXCM holds a 4.5 out of 5 Education rating and ranks 14th out of 63 brokers on ForexBrokers.com; Eightcap earns 3.5 out of 5 and ranks 40th. If you want a path from beginner to advanced, FXCM has the edge; if you mainly need core training and regular webinars, both are solid choices.
| 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 #15, while Eightcap finished with an overall rank of #38.
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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| 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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