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, established in 1999, is a prominent player in the online brokerage space, publicly traded and holding four Tier-1 licenses. It boasts a high ForexBrokers.com Trust Score of 95 out of 99, reflecting its reputation for reliability in the eyes of clients and industry experts. With two additional Tier-2 licenses, FXCM provides a secure trading environment, making it a favored choice for those seeking peace of mind in financial transactions.
Founded in 2009, Eightcap is a private online broker that holds three Tier-1 licenses, contributing to its solid trust rating of 85 on ForexBrokers.com. While not publicly traded, Eightcap has established itself as a trusted option, albeit without any Tier-2 licenses. Its Trust Score rating aligns it as a dependable choice, providing assurance for traders looking for a broker with satisfactory regulatory backing.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 2 | 0 |
| 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 | 0.9 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM and Eightcap both let you trade forex as CFDs or spot contracts. When it comes to variety, Eightcap lists more markets, with 803 tradeable symbols compared with FXCM’s 440. The same holds for currency choice: Eightcap offers 55 forex pairs while FXCM has 46. Neither broker provides access to exchange-traded stocks on U.S. or international exchanges (outside of CFDs), so if you want to buy actual shares like Apple or Vodafone, you’ll need a different broker.
Both FXCM and Eightcap support copy trading and offer cryptocurrency derivatives, but neither allows buying actual crypto. For Range of Investments, each earns 3.5 out of 5 stars from ForexBrokers.com, with Eightcap ranked #41 of 63 and FXCM ranked #48. In short, Eightcap edges ahead for sheer number of markets and forex pairs, while FXCM delivers a similar feature set if you don’t need the extra symbols.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 803 |
| Forex Pairs (Total) | 46 | 55 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Comparing FXCM vs Eightcap on trading platforms and tools, both brokers provide free demo accounts for paper trading, plus web and Windows desktop platforms. FXCM also offers its own proprietary platform, while Eightcap does not. Each broker supports MetaTrader 4 (MT4); however, only Eightcap supports MetaTrader 5 (MT5). Both brokers enable copy trading and let you place trades directly from charts, covering key needs for many traders.
For quality scores, FXCM earns 5 stars and ranks #6 out of 63 brokers on ForexBrokers.com for Trading Platforms and Tools. Eightcap scores 4 stars and ranks #39 out of 63. In short, choose FXCM if you want an in-house platform and top-tier ratings, or pick Eightcap if MT5 access is essential alongside MT4 and copy trading.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Eightcap both deliver iPhone and Android trading apps with price alerts, real-time watchlists, and watchlist syncing between mobile and your online account. In independent testing by ForexBrokers.com, FXCM earned 4.5 out of 5 stars and ranked 16th out of 63 brokers for Mobile Trading Apps, while Eightcap received 4 out of 5 stars and ranked 39th.
For charting on mobile, FXCM offers 59 built-in technical studies compared with 30 on Eightcap. Both apps let you draw trendlines and automatically save your chart drawings, so your annotations are preserved for your next session.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | 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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXCM and Eightcap both give beginner traders a clear starting point. Each broker offers at least ten beginner-focused videos that explain trading basics, and both host client education webinars at least once a month. Whether either broker provides a searchable archive of recorded webinars, a broader forex/CFD education library with ten or more pieces, or an investor dictionary with 50+ terms isn’t specified.
As you progress, FXCM goes further with at least ten advanced videos, while Eightcap does not meet that advanced-video threshold. That gap is reflected in independent ratings: FXCM earns 4.5/5 stars for Education and ranks 14th out of 63 brokers on ForexBrokers.com, whereas Eightcap scores 3.5/5 stars and ranks 40th. For beginners, both are viable; for a learning path that extends into more advanced topics, FXCM has the edge.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | Yes |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
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
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 85 |
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Both FXCM and Eightcap do not offer the ability to buy actual delivered cryptocurrency; however, they both provide options to trade cryptocurrency derivatives.
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 | 85 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
| Broker Screenshots | FXCM | Eightcap | |
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| Regulation | FXCM | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 85 | |
| 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 | 0 | |
| 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 (SFC 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. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 0.9 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Social Trading / 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 | Yes | Yes | |
| Watchlist 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 | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | 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 | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | FXCM Review | Eightcap Review |
| Overall | FXCM | Eightcap | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
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