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) - 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.
FXCM and Eightcap both let traders access forex as CFDs or spot contracts, and both support copy trading as well as cryptocurrency CFDs. Neither broker offers direct shares on U.S. or international exchanges, and neither lets clients buy actual, delivered cryptocurrency. For forex, Eightcap offers a slightly wider choice with 55 currency pairs compared with FXCM’s 46.
When it comes to the wider range of investments, Eightcap lists more tradeable symbols overall at 803, while FXCM offers 440. Even so, FXCM is rated higher for range of investments, with 4.5 out of 5 stars and a ForexBrokers.com ranking of #21 out of 36, compared with Eightcap’s 3.5 stars and #29 ranking. In short, Eightcap has the larger product list, while FXCM scores better in the overall category review.
| 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 give traders a wide set of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, copy trading, MetaTrader 4, and the ability to trade directly from charts. The main difference is that FXCM also offers its own in-house platform, while Eightcap does not. Eightcap, however, stands out by adding MetaTrader 5, which FXCM does not support. In simple terms, both brokers cover the core tools most traders need, but Eightcap may appeal more to MT5 users, while FXCM may suit those who want a broker-built platform alongside the usual third-party options.
When it comes to overall trading platforms and tools, FXCM comes out ahead in third-party ratings, earning 5 out of 5 stars and ranking #4 out of 36 brokers at ForexBrokers.com. Eightcap is still a solid choice, with 4 out of 5 stars and a #31 ranking. For traders comparing ease of use, platform variety, and extra features, FXCM has the stronger track record overall, while Eightcap offers a good mix of popular trading software with the added benefit of MT5.
| 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 make mobile trading easy for iPhone and Android users, and each app includes price alerts plus watchlist syncing with your online account. Both platforms also let you draw trendlines on charts, and your drawings are saved automatically, which is helpful if you switch between devices. For everyday mobile trading features, the two brokers are fairly evenly matched.
The main difference is in charting depth and overall mobile app ratings. FXCM offers 59 technical studies in its mobile app, compared with 30 at Eightcap, giving FXCM the edge for traders who want more chart tools on the go. That stronger feature set is reflected in its 4.5-star Mobile Trading Apps rating and #16 ranking out of 36 brokers, while Eightcap holds a 4-star rating and ranks #31.
| 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.
When it comes to market research, FXCM has the edge over Eightcap. Both brokers provide daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with upcoming global events. However, FXCM goes further by offering forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus research from Trading Central and TipRanks. Eightcap does not offer those same news and research options, though it does include Acuity Trading tools.
That extra range helps FXCM score higher for research, with a 4.5-star rating and an 11th-place ranking out of 36 brokers, compared with Eightcap’s 3.5-star rating and 33rd-place ranking. In simple terms, both brokers cover the basics well, but FXCM gives traders more in-depth market insight and more ways to study price action and news flow.
| 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.
When it comes to beginner learning tools, both FXCM and Eightcap give new traders plenty to work with. Each broker offers forex or CFDs education, regular online client webinars, and at least 10 beginner-focused videos that cover trading basics in a simple way. This makes either platform a workable starting point for someone who wants to learn before placing trades.
FXCM has the edge overall for education. It also offers at least 10 advanced videos for more experienced traders, while Eightcap does not meet that mark. That extra depth shows in the ratings and rankings too: FXCM is rated 4.5 out of 5 for Education and ranks #13 out of 36 brokers, compared with Eightcap’s 3.5 out of 5 and #31 ranking. For beginners who want room to grow, FXCM provides the stronger learning library.
| 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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|---|---|---|
| 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 | 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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