Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro and Eightcap are both reputable online brokers, though they have some differences in their regulatory standings. Established in 2006, FxPro is not publicly traded, but it operates as a bank and has garnered a high ForexBrokers.com Trust Score of 93 out of 99, indicating it is highly trusted. It holds two Tier-1 licenses and one Tier-2 license, which bolsters its credibility in the financial market. In contrast, Eightcap was founded in 2009 and is also not listed on a stock exchange. This broker isn’t a bank, but it manages to hold a respectable Trust Score of 85, placing it in the trusted category. Eightcap holds a higher number of Tier-1 licenses at three, though it lacks Tier-2 licenses.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Year Founded | 2006 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the commissions and fees of online brokers FxPro and Eightcap, it's important to examine their pricing strategies and account options. FxPro offers a variety of pricing models, with higher-than-average costs in the industry. Traders can opt for variable or fixed spreads on its MT4 platform, where instant execution may face requotes but not slippage, and market execution allows for slippage without requotes. On cTrader, FxPro presents its most competitive spreads through commission-based pricing, with an effective EUR/USD spread of about 1.27 pips. Meanwhile, variable spreads for EUR/USD on MT4 hover around 1.58 for market execution and 1.71 for instant execution. FxPro's Active Trader program provides discounts up to 30%, although it still lags behind leading competitors. The broker scores 4 out of 5 stars for commissions and fees, ranked 32nd out of 63 brokers.
In contrast, Eightcap offers two account types that dictate your fee structure: the Raw account with commission-based pricing and the Standard account with spread-only pricing. For the Raw account, the all-in cost comes to roughly 0.76 pips for the EUR/USD pair after adding a $3.50 per-side commission, making it slightly less than the industry average of 0.8 pips. Overall, although Eightcap is not the cheapest option available, it maintains competitive pricing. Eightcap also garners a 4-star rating for its commissions and fees and ranks 26th out of 63 brokers.
Both brokers aim to offer value, with FxPro standing out for its variable execution models and Active Trader discounts, while Eightcap provides a straightforward pricing structure with its two account types. However, when it comes to ranking, Eightcap edges out with a better position in the Commissions and Fees category, signaling slightly more competitive pricing. Whether you prioritize low commissions or specific trading features, both brokers have distinct offerings that could suit different trading needs.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.51 | 1.0 |
| All-in Cost EUR/USD - Active | 1.27 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and Eightcap both offer a platform to trade forex as CFDs, yet they differ significantly in the number of trading opportunities available to their clients. FxPro, boasting 2,249 tradable symbols, offers notably more options than Eightcap, which provides 800. For those specifically interested in trading forex pairs, FxPro again leads with 70 compared to Eightcap’s 56 pairs. While neither broker offers the option to purchase exchange-traded securities on U.S. exchanges, only FxPro enables trading in exchange-traded international shares, providing an advantage for investors eyeing global markets.
Both platforms offer copy trading and provide opportunities to invest in cryptocurrency derivatives rather than actual cryptocurrencies. Evaluating the range of investments, FxPro receives a higher rating of 4 stars, standing at rank #28 compared to Eightcap's 3.5 stars and lower rank of #40 out of 63 brokers according to ForexBrokers.com. This highlights FxPro's broader investment selection, showcasing it as a more attractive option for those seeking diverse trading instruments.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 800 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 FxPro and Eightcap for trading platforms and tools, both brokers provide a solid grounding for traders with their offerings. FxPro stands out with its in-house proprietary platform, a feature Eightcap does not offer. Both brokers ensure the versatility of their services by providing Windows-based desktop platforms and web-based trading platforms, as well as the popular MetaTrader 4 and 5. For those interested in experiencing the trading environment risk-free, both brokers offer simulated trading through free virtual demo accounts. Additionally, traders can engage in copy trading with either broker, though neither supports DupliTrade or ZuluTrade.
Charting tools and watch list options are essential for effective trading, and here, FxPro and Eightcap show some differences. FxPro offers a slightly more comprehensive set, with 25 drawing tools compared to Eightcap's 15. While both allow trading directly from stock charts, Eightcap has a slight edge in customization with seven columns for watch lists compared to FxPro's six. Despite these differences, both brokers have the same rating of four stars for trading platforms and tools. However, FxPro is ranked higher by ForexBrokers.com at #17, while Eightcap comes in at #38 out of 63 brokers, suggesting a marginal preference for FxPro in this category among reviewers.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and Eightcap both excel when it comes to offering mobile trading options for iPhone and Android users. Both apps allow traders to receive price alerts and synchronize their watchlists between mobile devices and online accounts. This ensures a seamless trading experience, whether you're on the go or at your desk. With support for drawing trendlines and viewing multiple time frames on charts, both brokers make it easy to perform technical analysis from your mobile device. Additionally, auto-saving of chart drawings is a feature both apps provide, safeguarding the technical insights you create.
When it comes to technical studies available for charting, FxPro takes the lead with 65 options compared to Eightcap's 30. Both platforms allow the creation of watchlists with real-time quotes, providing traders with up-to-the-minute information. In terms of user ratings, FxPro has an edge with 4.5 stars, while Eightcap follows closely with 4 stars. According to ForexBrokers.com, FxPro ranks 15th out of 63 brokers for mobile trading apps, placing it much higher than Eightcap, which is ranked 38th. For those seeking a highly rated mobile trading experience with a wide array of technical tools, FxPro stands out as the preferred choice.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 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 FxPro and Eightcap, both brokers provide daily market commentary, helping traders stay informed with insights on market movements. FxPro distinguishes itself by offering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, while Eightcap does not. Both brokers lack technical analysis tools from Autochartist, but FxPro compensates with access to Trading Central's analytical tools, a feature Eightcap does not provide. Additionally, each broker offers a sentiment-based trading tool, giving traders insights into the ratio of long and short positions across various currency pairs. Neither FxPro nor Eightcap offers research tools or market insights from TipRanks or Acuity Trading.
Furthermore, both FxPro and Eightcap supply traders with an economic calendar detailing global news events, crucial for keeping abreast of economic happenings. In terms of research ratings, FxPro receives a 4-star rating while Eightcap scores 3.5 stars, as evaluated by ForexBrokers.com. With these offerings, FxPro ranks 26th among 63 brokers in the Research category, outperforming Eightcap, which holds the 39th position. This comparison highlights FxPro's superior accessibility to a broad range of market insights and research tools, tailored to support the needs of traders seeking a comprehensive trading experience.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, both FxPro and Eightcap offer a suite of materials that cater to those new to forex and CFDs trading. Each platform provides over ten educational pieces like articles, videos, and archived webinars focused on these trading subjects. Additionally, both brokers feature searchable archives of previously recorded client webinars, providing valuable resources for self-paced learning. New traders will also find a plethora of beginner videos discussing essential trading topics on both platforms, making it easier to grasp the fundamental concepts of trading.
However, neither FxPro nor Eightcap offers monthly live webinars, which might have added more frequent real-time learning opportunities. When it comes to advanced educational content, both brokers fall short by not offering a comprehensive selection of videos aimed at seasoned traders. On a positive note, both brokers include an investor dictionary with more than 50 terms, aiding beginners in understanding trading jargon. As rated by ForexBrokers.com, FxPro has a slight edge with a 4-star education rating and stands at 18th place out of 63 brokers, compared to Eightcap’s 3.5-star rating and a 40th-place ranking. This suggests FxPro may offer a slightly better educational experience for those starting their trading journey.
| Feature |
FxPro
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 FxPro is better than Eightcap. FxPro finished with an overall rank of #21, while Eightcap finished with an overall rank of #38.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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Eightcap
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| Trust Score | 93 | 85 |
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Both FxPro and Eightcap provide opportunities to invest in cryptocurrency derivatives, but neither platform offers the option to purchase actual, delivered cryptocurrency.
In a comparison of online brokers, FxPro offers a more diverse range of fund deposit and withdrawal options, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas Eightcap matches FxPro's offerings in PayPal, Skrill, Visa or Mastercard, and bank wires, but lacks the option for ACH and SEPA transfers.
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 | FxPro | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Eightcap Review |
| Broker Screenshots | FxPro | Eightcap | |
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| Regulation | FxPro | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2006 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | 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) | FxPro | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 800 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.0 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | Eightcap | |
|---|---|---|---|
| Proprietary 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) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | Eightcap | |
|---|---|---|---|
| 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 | 65 | 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 | FxPro | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | 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 | FxPro Review | Eightcap Review |
| Overall | FxPro | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | FxPro Review | Eightcap Review |
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