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FXCM vs Eightcap 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is FXCM better than Eightcap? In our analysis of 23 international regulators across 39 of the best forex brokers, FXCM is considered low-risk, with an overall Trust Score of 96 out of 99. Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.

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Overall RatingFXCMEightcapIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars4 Stars5 Stars
Platform & Tools5 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4.5 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score968799
Winnercheck_circle
ReviewFXCM ReviewEightcap ReviewIG Review
RegulationFXCMEightcapIG
Trust Score968799
Year Founded199920091974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Tier-1 Licenses327
Tier-2 Licenses312
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)FXCMEightcapIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)FXCMEightcapIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)YesNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)FXCMEightcapIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoYesNo
InvestmentsFXCMEightcapIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)44132619537
Forex Pairs (Total)4445100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostFXCMEightcapIG
Average Spread EUR/USD - Standard1.38 (Q2 2022)1.0 (Aug 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active1.38 (Q2 2022)0.760.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerYesYesYes
FundingFXCMEightcapIG
Minimum Initial DepositStarts from $50$100£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFXCMEightcapIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
Trading ToolsFXCMEightcapIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields12714
Charting - Indicators / Studies (Total)573033
Charting - Drawing Tools (Total)261520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingFXCMEightcapIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies593033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesYesYes
ResearchFXCMEightcapIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesNoYes
EducationFXCMEightcapIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsFXCMEightcapIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFXCM ReviewEightcap ReviewIG Review
OverallFXCMEightcapIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments3.5 Stars4 Stars5 Stars
Platform & Tools5 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4.5 Stars3.5 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score968799
Winnercheck_circle
ReviewFXCM ReviewEightcap ReviewIG Review
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FXCM vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs Eightcap.

Does FXCM or Eightcap 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, IG offers better pricing overall for traders.

Is FXCM or Eightcap 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. FXCM holds 3 global Tier-1 licenses, while Eightcap holds 2. FXCM holds 3 global Tier-2 licenses, while Eightcap holds 1. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than Eightcap.

Which trading platform is better: FXCM or Eightcap?

To compare the trading platforms of both FXCM and Eightcap, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 FXCM and Eightcap offer MetaTrader 4 (MT4).FXCM and Eightcap both offer copy trading.

How many forex pairs and CFDs are available to trade?

Eightcap provides traders 45 currency pairs (e.g., EUR/USD) compared to FXCM's 44 available pairs. Forex pairs aside, FXCM offers traders access to 441 CFDs while Eightcap has 326 available CFDs, a difference of 115.

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Is FXCM good?

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.

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.ai’s algorithmic trading platform.

Overall winner: IG

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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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