Written by ForexBrokers.com
In this head to head comparison of Eightcap vs FXPrimus, 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 and FXPrimus are online brokers that were both founded in 2009. While neither is publicly traded or operates as a bank, there are notable differences in their regulatory standings. Eightcap stands out with three Tier-1 licenses, reflecting a high level of trust in its regulatory compliance. In contrast, FXPrimus holds one Tier-1 license. According to ForexBrokers.com, this positions Eightcap in the "trusted" category with a trust score of 85, whereas FXPrimus falls into the "average risk" category with a score of 71.
These trust scores and regulatory licenses provide insights into the reliability and safety of each broker. Eightcap's multiple Tier-1 licenses signify strong regulatory oversight, which can be reassuring for traders seeking a secure trading environment. FXPrimus, with its single Tier-1 license, offers a moderate level of trust, but traders might prefer more regulatory assurance. Both brokers offer their services with similar foundational attributes, but their regulatory profiles set them apart in terms of perceived safety and trustworthiness.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Eightcap and FXPrimus, Eightcap offers two account types that influence cost: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists an average spread of 0.06 pips, which, together with a $3.50 per-side commission per trade, totals an all-in cost of about 0.76 pips. This figure positions Eightcap slightly below the industry average of 0.8 pips, although it remains somewhat pricier compared to the lowest-cost forex brokers. In terms of customer feedback, Eightcap earns a solid rating of 4 out of 5 stars for commissions and fees and ranks #26 out of 63 brokers on ForexBrokers.com.
FXPrimus, on the other hand, does not provide specific average spread data. However, it also holds a 4 out of 5 stars rating for commissions and fees. In the ForexBrokers.com rankings, FXPrimus is placed at #42 out of 63 brokers, trailing behind Eightcap in this category.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Eightcap and FXPrimus both provide online trading platforms that cater to forex traders by offering CFDs on currency pairs. Eightcap stands out with a wider selection of 800 tradeable symbols, including 56 forex pairs, while FXPrimus delivers access to 140 symbols with 42 forex pairs. Neither platform offers direct trading of stocks on U.S. or international exchanges, sticking mainly to derivative products instead. For those interested in cryptocurrencies, both brokers allow trading of crypto derivatives but do not support the purchase of actual cryptocurrencies.
In the realm of social trading, both brokers feature copy trading capabilities, adding value for users looking to follow and replicate successful traders. Eightcap and FXPrimus are evenly matched in the ForexBrokers.com ranking for the range of investments, each receiving 3.5 stars. However, Eightcap holds a slight edge, ranked at 40th place as opposed to FXPrimus, which takes the 59th spot out of 63 brokers reviewed. This suggests that while both brokers offer similar ratings, Eightcap may present a somewhat broader appeal for traders looking for more diversity in investment options.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 140 |
| Forex Pairs (Total) | 56 | 42 |
| 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 FXPrimus for their trading platforms and tools, both brokers provide an array of features that cater to the diverse needs of traders. Both platforms offer simulated trading through free virtual demo accounts, allowing users to practice without financial risk. While FXPrimus stands out with its proprietary platform, Eightcap relies on widely trusted third-party platforms, providing access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both brokers offer Windows-based desktop applications and web-based platforms for flexible trading options, and they support copy trading features, allowing traders to replicate the strategies of more experienced individuals.
In terms of charting tools, both Eightcap and FXPrimus offer 15 drawing tools and provide the capability to execute trades directly from stock charts, enhancing trading efficiency. They each offer seven columns for watch lists, which helps traders keep a comprehensive overview of their selected assets. Both brokers are similarly rated at 4 stars for their trading platforms and tools. However, according to ForexBrokers.com, Eightcap is ranked 38th out of 63 brokers, whereas FXPrimus holds the 49th position. This indicates a slight edge for Eightcap in terms of overall platform and tool offerings according to user rankings and features provided.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Eightcap and FXPrimus, both platforms offer a comprehensive experience across iPhone and Android devices. They both enable users to receive stock or forex price alerts and offer the ability to draw trendlines on charts. Charting is enriched with 30 technical studies on each app, and you can explore multiple time frames for detailed market analysis. Users can also create watchlists with real-time quotes, ensuring they are always in the loop with market movements.
However, there are notable differences that set Eightcap apart. Eightcap supports watchlist symbol syncing, allowing seamless integration between mobile and online accounts, a feature FXPrimus lacks. Additionally, Eightcap ranks higher in the Mobile Trading Apps category on ForexBrokers.com, coming in at 38th place out of 63 brokers, while FXPrimus ranks at 48th. Despite these differences, both apps share a similar user satisfaction rating, each earning 4 out of 5 stars for their mobile trading offerings.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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 it comes to market research offerings, both Eightcap and FXPrimus provide daily market commentary and an economic calendar to keep traders informed about current and upcoming global events. However, neither broker delivers forex news from top-tier sources like Bloomberg or Reuters, and they also lack analysis tools from companies like Autochartist and Trading Central. Despite these similarities, Eightcap distinguishes itself by offering a sentiment-based trading tool that shows the ratio of long and short positions across various currency pairs, an advantage not offered by FXPrimus.
Based on their research tools and resources, Eightcap garners a higher rating with 3.5 out of 5 stars, compared to FXPrimus's rating of 3 stars. This distinction is reflected in their rankings by ForexBrokers.com, where Eightcap is positioned at #39 out of 63 brokers, whereas FXPrimus finds itself further down the list at #58. This comparison highlights Eightcap's slight edge in research features and its slightly stronger appeal to traders seeking enhanced market insights.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those new to forex and CFD trading, both Eightcap and FXPrimus provide a substantial amount of educational content, including articles and videos that cover fundamental topics. Eightcap stands out by offering a comprehensive educational experience for beginners, with at least 10 videos specifically tailored to those just starting out in trading. They also feature a searchable archive of recorded webinars and a detailed investor dictionary with definitions for over 50 investing terms, making it easier for newcomers to grasp complex concepts. However, Eightcap does not support regular live educational webinars, a key aspect for those who prefer interactive learning.
FXPrimus, on the other hand, excels in live educational opportunities, offering monthly webinars that help beginners engage with experts in real time. Although FXPrimus does not have as many beginner-focused videos or an investor dictionary like Eightcap, it provides a renewable stream of interactive learning sessions. Both brokers supply archives of past webinars for convenient access to old sessions. In terms of educational resources, Eightcap is rated 3.5 stars, slightly ahead of FXPrimus's 3-star rating. According to ForexBrokers.com, Eightcap holds the 40th position among 63 brokers for educational offerings, while FXPrimus ranks at 51.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. Eightcap finished with an overall rank of #38, while FXPrimus finished with an overall rank of #53.
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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FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 71 |
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Both Eightcap and FXPrimus do not provide the option to purchase actual, delivered cryptocurrency, but they do offer features for trading cryptocurrency derivatives.
In a comparison between online brokers Eightcap and FXPrimus, neither offers ACH or SEPA transfers for funding, while Eightcap supports PayPal unlike FXPrimus; both brokers facilitate transactions through Skrill, Visa or Mastercard, and bank wires.
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 | FXPrimus | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | FXPrimus | |
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| Regulation | Eightcap | FXPrimus | |
|---|---|---|---|
| Trust Score | 85 | 71 | |
| Year Founded | 2009 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 140 | |
| Forex Pairs (Total) | 56 | 42 | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Eightcap | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 85 | 71 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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