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 evaluating the commissions and fees of online brokers, Eightcap offers two account types globally, including in Australia and the Bahamas. Users have the option to choose between the Raw account, which is commission-based, and the Standard account, which offers spread-only pricing. The Raw account at Eightcap boasts an average spread of 0.06 pips, but it's essential to factor in the per-side commission of $3.50. This brings the all-in cost to about 0.76 pips, slightly below the industry standard of 0.8 pips. Despite being competitive, Eightcap tends to be marginally pricier than some of the lowest-cost forex brokers available.
In contrast, average spread data for FXPrimus is not readily available, making direct comparisons a bit challenging. However, both Eightcap and FXPrimus share the same star rating of 4 out of 5 stars when it comes to commissions and fees. This indicates a similar level of satisfaction among users regarding their fee structures, although specific cost insights like average spreads aren't detailed for FXPrimus.
Ranked by ForexBrokers.com, Eightcap holds the 26th position out of 62 brokers in the Commissions and Fees category, suggesting above-average competitiveness among its peers. Conversely, FXPrimus sits at the 42nd position, hinting at a less competitive stance compared to Eightcap in this category. This distinction in ranking offers potential traders insights into where each broker stands in terms of cost-effectiveness within the industry.
| 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.
When considering the range of investment options, Eightcap offers a wider variety compared to FXPrimus, with a total of 736 tradeable symbols, including 56 forex pairs. In contrast, FXPrimus provides access to 140 tradeable symbols and 42 forex pairs. Both platforms allow traders to engage in forex trading through CFDs or spot contracts but neither supports direct purchase of U.S. or international exchange-traded securities like Apple or Vodafone shares. Additionally, Eightcap and FXPrimus provide copy trading services and offer cryptocurrency derivatives without involving actual crypto purchases.
Despite their similarities in offering forex and crypto derivative trading, Eightcap stands out slightly in investment diversity with a rank of #40 in the Range of Investments category by ForexBrokers.com, compared to FXPrimus, which is ranked at #59. Both brokers share a rating of 3.5 out of 5 stars for their range of investments. This gives Eightcap an edge for those seeking more varied trading opportunities while maintaining the same quality standard, as evaluated by forex industry experts.
| Feature |
Eightcap
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 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 the trading platforms and tools offered by Eightcap and FXPrimus, both brokers provide several common features, making them strong choices for traders. They each offer free virtual demo accounts, MetaTrader 4 and MetaTrader 5, web-based platforms, and Windows-based desktop software. Additionally, both Eightcap and FXPrimus facilitate copy trading and allow users to trade directly from stock charts. However, neither supports DupliTrade or ZuluTrade. FXPrimus differentiates itself by offering a proprietary platform developed in-house, unlike Eightcap, which uses third-party solutions.
In terms of charting tools, both brokers provide 15 drawing tools and allow up to seven columns for watch lists, meeting the needs of detail-oriented traders. Despite these similarities, Eightcap is slightly more favored in industry rankings, placing 38th compared to FXPrimus's 49th position in ForexBrokers.com's Trading Platforms and Tools category. Both receive the same star rating of four out of five, indicating comparable satisfaction levels among traders. This comparison highlights that while both brokers offer strong platforms and tools, Eightcap holds a minor edge in market perception.
| 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 it comes to mobile trading apps, both Eightcap and FXPrimus offer solid options for iPhone and Android users. Each platform provides the convenience of stock or forex price alerts and the capability to draw trendlines on charts. Users can view multiple time frames and create watchlists with real-time quotes, enhancing their trading experience on the go. Both apps support 30 technical studies for charting, which caters to users looking to perform in-depth market analysis directly from their mobile devices.
However, there are a few differences to consider. Eightcap allows users to sync watchlist symbols with their online accounts, ensuring any changes made on the mobile app automatically update across platforms. This feature is unfortunately not available on the FXPrimus app. Additionally, while both apps save drawings on stock or forex charts, Eightcap holds a slight edge in rankings by ForexBrokers.com, coming in at #38 compared to FXPrimus's #48. Despite these distinctions, both platforms hold a solid four-star rating for mobile trading apps, offering reliable tools for traders looking to manage their portfolios through their phones.
| 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 comparing the market research offerings of Eightcap and FXPrimus, both brokers provide daily market commentary to keep traders updated. However, neither Eightcap nor FXPrimus offers forex news from prestigious sources like Bloomberg or Reuters. In terms of analysis tools, both brokers do not provide services from renowned companies such as Autochartist or Trading Central. Notably, Eightcap distinguishes itself by offering a sentiment-based trading tool that reveals the ratio of long or short positions across various currency pairs, a feature not available with FXPrimus.
Both online brokers include an economic calendar for tracking global news events, which is essential for traders wanting to stay on top of market movements. In ratings, Eightcap scores 3.5 out of 5 stars for its research capabilities, while FXPrimus earns 3 stars. According to ForexBrokers.com, Eightcap ranks 39th out of 62 brokers in the Research category, surpassing FXPrimus, which is ranked at 58th. This difference indicates that while both brokers offer some valuable tools, Eightcap receives slightly higher regard for its research offerings.
| 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.
When it comes to educational resources for beginners, Eightcap provides a noteworthy variety of learning materials with at least 10 articles, videos, or archived webinars primarily focusing on forex or CFDs. The platform offers an accessible archive of previously recorded webinars for convenient learning. For those just starting out, Eightcap stands out by providing over 10 beginner-friendly videos tailored specifically to novice traders. To assist users further, Eightcap includes an investor dictionary with over 50 investing term definitions. Despite these offerings, Eightcap does not host monthly live educational webinars, and it lacks advanced trading videos aimed at experienced traders, contributing to its 3.5-star education rating and a ranking of 40th out of 62 brokers by ForexBrokers.com.
FXPrimus also caters to newcomers with a similar range of educational content, offering a selection of over 10 articles and other learning pieces focused on forex or CFDs. Notably, FXPrimus hosts live monthly webinars to facilitate real-time education and interaction, and it maintains an archive of recorded webinars for easy access. However, it does not offer a substantial number of beginner-specific educational videos or an investor dictionary like Eightcap does. While FXPrimus does not provide advanced trading videos for seasoned investors either, these elements impact its educational rating, culminating in a 3-star review and a 51st place ranking in the education category according to ForexBrokers.com.
| 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 62 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 and access to Capitalise.ai’s algorithmic trading platform.
| Feature |
Eightcap
|
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) | 736 | 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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