Written by ForexBrokers.com
In this head to head comparison of Eightcap vs FXGT.com, 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.
Eightcap, founded in 2009, is a privately-owned online broker that has earned a Trust Score of 85 from ForexBrokers.com, categorizing it as a trusted institution. The company holds three Tier-1 licenses, which are highly trusted by industry standards, enhancing its credibility among traders. Although Eightcap is not publicly traded or a banking institution, its longstanding presence and regulatory compliance reinforce its reliability in the online trading space.
FXGT.com, established in 2019, is also a private company, achieving a Trust Score of 69, which places it in the high-risk category according to ForexBrokers.com. While FXGT.com is not a bank or listed on a stock exchange, it holds one Tier-1 license and one Tier-2 license, showing some level of regulatory commitment. Despite the recent start and higher risk rating, these licenses offer a degree of security for its users. Overall, Eightcap appears to offer a more trusted option, particularly for those prioritizing regulatory assurance.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing Eightcap and FXGT.com in terms of commissions and fees, Eightcap provides two account types across its global entities, with licenses in Australia, the Bahamas, the U.K., and Cyprus. Customers choosing Eightcap's commission-based Raw account face an average spread of 0.06 pips. However, when adding the per-side commission of $3.50 per trade, the total cost sums up to approximately 0.76 pips, slightly less than the industry average of 0.8 pips. On the contrary, FXGT.com does not provide specific average spread data, which may offer less transparency for potential traders.
Eightcap's fees are slightly pricier compared to the lowest-cost forex brokers, earning it a four-star rating out of five for commissions and fees. In contrast, FXGT.com receives a slightly lower rating of 3.5 stars, suggesting it might not be as competitively priced. ForexBrokers.com ranks Eightcap at #26 out of 63 brokers for its Commissions and Fees category. Meanwhile, FXGT.com is ranked significantly lower at #56.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Eightcap and FXGT.com for their range of investments, both brokers allow clients to engage in forex trading through CFDs or spot contracts. Eightcap, however, takes the lead with a more extensive selection of tradeable symbols, boasting a total of 800 compared to FXGT.com's 117. For forex enthusiasts, Eightcap offers 56 forex pairs, slightly more than FXGT.com with 53 pairs. This broader lineup makes Eightcap a more attractive option for traders seeking variety in their forex investments. Furthermore, both platforms lack direct access to exchange-traded securities on U.S. or international exchanges and do not provide the option to buy actual cryptocurrencies, focusing instead on cryptocurrency derivatives.
In terms of investment diversity, both Eightcap and FXGT.com provide copy trading capabilities, appealing to those interested in mirroring successful strategies. Despite these offerings, Eightcap edges out FXGT.com with a 3.5-star rating for its range of investments compared to FXGT.com's 3 stars. Rankings from ForexBrokers.com place Eightcap at #40, significantly ahead of FXGT.com's #61 position among 63 brokers. This positions Eightcap as a more favorable choice for those valuing a wider range of investment options, although both brokers have limitations that may not suit traders looking for direct investments in securities or cryptocurrencies.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 117 |
| Forex Pairs (Total) | 56 | 53 |
| 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.
When comparing Eightcap and FXGT.com for their trading platforms and tools, both brokers provide a solid range of services to cater to traders' needs. They each offer a free virtual demo account, allowing users to practice with simulated trading. Neither company has developed a proprietary platform, but they both support popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Traders can access these platforms through web-based and Windows-based desktop applications. Moreover, Eightcap and FXGT.com facilitate copy trading, making it easy for users to replicate the strategies of successful traders. However, neither offers DupliTrade or ZuluTrade.
In terms of charting features, Eightcap provides 15 drawing tools and the capability to trade directly from stock charts, while FXGT.com surpasses this with 23 drawing tools. Both brokers allow users to create watch lists, although Eightcap offers more customization with 7 columns compared to FXGT.com's 5. Each broker has received a 4-star rating for their trading platforms and tools, according to user reviews. However, when it comes to rankings by ForexBrokers.com, Eightcap outpaces FXGT.com, securing the 38th spot out of 63 brokers, while FXGT.com stands at 56th place. This information could be crucial for traders looking to choose the platform that best fits their needs.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Eightcap and FXGT.com, both platforms offer comprehensive features for iPhone and Android users alike. They provide stock and forex price alerts, watchlist symbol syncing to ensure that your mobile and online account watchlists are always in harmony, and the ability to draw trendlines on charts. Additionally, traders can view multiple time frames such as daily, weekly, or intraday within their charts. Both apps also include a feature for auto-saving drawings, allowing you to retain your technical analysis effortlessly. With the ability to include 30 technical studies and create watchlists with real-time quotes, both platforms cater to detailed and dynamic trading needs.
Despite these similarities, Eightcap leads slightly in user ratings with 4 stars compared to FXGT.com's 3.5 stars for mobile trading app experiences. Furthermore, according to ForexBrokers.com, Eightcap ranks 38th out of 63 brokers, while FXGT.com sits at 58th in the Mobile Trading Apps category. This indicates a slight edge in user satisfaction and perceived functionality for Eightcap among traders. Both platforms are competent choices, but Eightcap may offer a bit more satisfaction and performance clarity for mobile traders.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and FXGT.com for market research, Eightcap offers a slightly richer experience with its inclusion of daily market commentary, a resource FXGT.com lacks. Both brokers are on even ground regarding access to top-tier forex news from sources such as Bloomberg or Reuters, as neither provides this feature. When it comes to advanced analysis and research tools from companies like Autochartist and Trading Central, both Eightcap and FXGT.com also fall short. However, each broker does provide a sentiment-based trading tool that helps traders understand market positioning across different currency pairs.
In terms of additional resources, both brokers offer useful economic calendars to track global news events. Yet, neither broker includes advanced market research tools from companies like TipRanks or Acuity Trading. Eightcap edges slightly ahead with a research rating of 3.5 stars, compared to FXGT.com’s 3 stars. This is reflected in their overall rankings, with Eightcap positioned at #39 and FXGT.com at #56 out of 63 brokers, as ranked by ForexBrokers.com. Overall, Eightcap might be more appealing for those seeking daily commentary and a slightly higher research rating.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of Eightcap and FXGT.com, beginners will find Eightcap to be a more resourceful option. Eightcap provides a comprehensive selection of over 10 educational resources specifically focused on forex or CFDs, which can greatly benefit those new to trading. In addition, Eightcap offers a searchable archive of recorded client webinars and a series of more than 10 beginner-friendly educational videos covering essential trading topics, making it a highly supportive platform for learning the basics. The broker also provides an investor dictionary with definitions of at least 50 investing terms, helping novices grasp important concepts. However, Eightcap does fall short in terms of offering advanced educational videos and monthly live webinars.
In contrast, FXGT.com does not match the educational depth offered by Eightcap. The platform lacks the minimum number of educational articles or videos focused on forex or CFDs, and it does not provide a searchable archive of past webinars. While FXGT.com also includes an investor dictionary with over 50 terms defined, it does not offer beginner-targeted educational videos comparable to Eightcap's collection. This impacts the platform’s overall educational rating, earning it 3 out of 5 stars compared to Eightcap's 3.5-star rating. Moreover, in the ForexBrokers.com ranking for education, Eightcap holds the #40 spot out of 63 brokers, while FXGT.com is positioned significantly lower at #60. As such, beginners seeking a more thorough educational experience may find greater value in choosing Eightcap as their broker.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than FXGT.com. Eightcap finished with an overall rank of #38, while FXGT.com finished with an overall rank of #59.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 69 |
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Both Eightcap and FXGT.com allow users to trade cryptocurrency derivatives but do not offer the option to purchase actual delivered cryptocurrency.
When comparing online brokers Eightcap and FXGT.com, Eightcap does not support ACH or SEPA transfers but offers PayPal and Skrill alongside Visa/Mastercard and bank wires for transactions, while FXGT.com offers ACH and SEPA transfers with Visa/Mastercard and bank wires, but lacks PayPal and Skrill options.
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 | Eightcap | FXGT.com | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | FXGT.com | |
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| Regulation | Eightcap | FXGT.com | |
|---|---|---|---|
| Trust Score | 85 | 69 | |
| Year Founded | 2009 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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) | Eightcap | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 117 | |
| Forex Pairs (Total) | 56 | 53 | |
| 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 | Eightcap | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | FXGT.com | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | Eightcap | FXGT.com | |
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| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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