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IC Markets vs Eightcap 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 85
  • Tradeable Symbols (Total): 736

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.

Regulation

When comparing online brokers, IC Markets and Eightcap, it's important to delve into their regulatory backgrounds, as this can provide insight into their level of trustworthiness. Both IC Markets, established in 2007, and Eightcap, founded in 2009, are not publicly traded companies nor are they banks. When it comes to regulatory licenses, IC Markets holds 2 Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com. Meanwhile, Eightcap holds 3 Tier-1 licenses, suggesting a similar level of credibility.

In terms of trust scores, IC Markets earns an 84 out of 99, placing it in the trusted category, while Eightcap scores slightly higher at 85, also considered trusted. Neither broker holds any Tier-2 licenses, which are deemed trusted but less highly regarded compared to Tier-1. With these scores and regulatory standings, both brokers can be considered reliable options for traders, with Eightcap having a marginal edge in trust score and regulatory licensing.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 3
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

In comparing IC Markets to Eightcap regarding their commissions and fees, IC Markets stands out with its competitive pricing structure. IC Markets offers three types of accounts: the commission-free Standard account, and the commission-based Raw Spread and cTrader Raw Spread accounts. The cTrader account charges a lower commission of $3 per side per 100,000 units, whereas the MetaTrader accounts charge $3.5 per side. Adding these commissions to their average spread on the EUR/USD pair, IC Markets' total costs are highly competitive, making them one of the best low-cost options. For its excellent pricing, IC Markets boasts a 5-star rating and is ranked 5th out of 63 brokers by ForexBrokers.com in the Commissions and Fees category.

On the other hand, Eightcap offers two account types: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists an average spread of 0.06 pips. With an additional commission of $3.50 per side, the total cost comes to about 0.76 pips, slightly under the industry average. Despite offering solid pricing, Eightcap does not match the cost-effectiveness of the top-ranking brokers, leading to a 4-star rating and a rank of 26 out of 63 in the Commissions and Fees category.

In summary, IC Markets presents a more attractive option in terms of trading costs for those looking for low commissions and spreads. The difference in pricing structures between their platforms provides flexibility for traders, especially active ones, who can take advantage of discounts. While Eightcap is cost-effective, it remains slightly more expensive compared to top forex brokers, including IC Markets.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Minimum Deposit info $200 $100
Average Spread EUR/USD - Standard info 0.62 info 1.0 info
All-in Cost EUR/USD - Active info 0.62 info 0.76
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing the range of investments offered by IC Markets and Eightcap, several key differences arise. Both brokers provide forex trading through CFDs or spot contracts, with IC Markets offering 61 tradeable forex pairs compared to Eightcap's 56 pairs. IC Markets stands out by offering a substantially larger pool of tradeable symbols, totaling 3583, while Eightcap provides 736. Neither platform provides access to exchange-traded securities on U.S. exchanges, but IC Markets does give clients the opportunity to invest in international exchange securities, a feature not available with Eightcap. Additionally, both brokers offer copy trading options, and provide access to cryptocurrency derivatives, as opposed to actual cryptocurrencies.

In terms of performance recognition, IC Markets appears to hold a stronger position in the market; it is ranked 25th out of 63 brokers by ForexBrokers.com for its range of investments, earning a score of 4.5 stars in this category. Meanwhile, Eightcap is positioned at 40th with a 3.5-star rating for its investment offerings. These distinctions may influence a trader’s decision, depending on their investment preferences and priorities in the financial markets.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 736
Forex Pairs (Total) info 61 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes info
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

When comparing IC Markets and Eightcap, both brokers provide a strong selection of trading platforms and tools tailored for diverse trading needs. Both offer MetaTrader 4 and MetaTrader 5, popular platforms known for their extensive features and reliability. While neither broker has developed their own proprietary platform, they both support Windows-based desktop downloads and web-based platforms, providing flexibility for traders who prefer different interfaces. Additionally, both IC Markets and Eightcap offer free virtual demo accounts, enabling traders to simulate real trading experiences without financial risk. They also provide the option to trade directly from stock charts and feature an equal number of drawing tools, enhancing their charting capabilities.

Despite sharing similar platform features, there are a few distinctions between the two brokers in terms of advanced tools. Both allow for copy trading, but IC Markets stands out by offering ZuluTrade. This difference may influence traders who prioritize social trading tools. They both provide seven fields for watch lists, which enhances the ability to monitor multiple assets simultaneously. While both IC Markets and Eightcap received an equal rating of 4 out of 5 stars for their Trading Platforms and Tools, IC Markets is ranked higher by ForexBrokers.com, taking the 16th spot compared to Eightcap's 38th. This ranking indicates a slight edge in IC Markets’ offerings, potentially making it a more attractive choice for certain traders.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Both IC Markets and Eightcap offer user-friendly iPhone and Android trading apps that are perfect for forex and stock traders on-the-go. They include essential features like stock or forex price alerts and tools to create watchlists with real-time quotes. While both apps allow for drawing trendlines and viewing various timeframes on charts with 30 technical studies, and they conveniently auto-save your chart drawings, Eightcap goes a step further by offering watchlist symbol syncing with their client's online account, making seamless management a breeze.

When it comes to user ratings, both brokers receive high praise with a solid four-star rating for their mobile trading capabilities. IC Markets, however, holds a higher position at #22 compared to Eightcap's #38 ranking by ForexBrokers.com out of 63 brokers. This small difference could be a deciding factor for potential users focused on expert reviews. Ultimately, both apps are well-equipped to support your trading efforts right from your mobile device.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing the market research offerings of online brokers IC Markets and Eightcap, a few key features stand out. Both brokers provide daily market commentary and an economic calendar to keep traders informed of global events. However, IC Markets distinguishes itself by offering forex news from top-tier sources like Bloomberg and Reuters, which Eightcap does not. Additionally, IC Markets provides access to advanced technical analysis tools from Autochartist and Trading Central, which can be essential for traders seeking deep market insights, a feature that Eightcap lacks.

Both brokers offer a sentiment-based trading tool that provides a ratio of long or short positions, aiding traders in gauging market sentiment. Despite these shared features, IC Markets is rated slightly higher in research, earning 4 out of 5 stars and ranking 23rd out of 63 brokers according to ForexBrokers.com, compared to Eightcap's 3.5-star rating and 39th place ranking. These differences highlight IC Markets' stronger focus on providing comprehensive market research tools to enhance trading decisions.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing IC Markets and Eightcap in terms of educational resources for beginners, IC Markets stands out with a broader offering. Both brokers provide more than 10 educational materials focused on forex and CFDs, including articles, videos, and archived webinars. While Eightcap also offers a searchable archive of past webinars, IC Markets goes further by hosting live webinars at least once a month, adding a dynamic element to their resources. Additionally, both brokers deliver educational videos specifically tailored for beginners, but IC Markets extends its library to include advanced topics for experienced traders, a feature missing from Eightcap’s offerings.

In terms of additional learning tools, IC Markets and Eightcap both offer an investor dictionary that covers over 50 investing terms, aiding beginners in understanding trading jargon. However, when evaluating their overall educational effectiveness, IC Markets has a slight edge, earning a four-star rating compared to Eightcap's 3.5 stars. This distinction is underscored by their rankings for educational resources on ForexBrokers.com, where IC Markets is positioned at #16 out of 63 brokers, while Eightcap ranks at #40. This comparison highlights IC Markets as a slightly more comprehensive option for those seeking educational support in their trading journey.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than Eightcap. IC Markets finished with an overall rank of #20, while Eightcap finished with an overall rank of #38.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
Eightcap logoEightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 85
Range of Investments 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or Eightcap?

Both IC Markets and Eightcap do not offer the option to buy actual delivered cryptocurrency, but they do provide the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

IC Markets and Eightcap both provide several options for fund deposits and withdrawals, including PayPal, Skrill, Visa/Mastercard, and bank wires, but neither broker supports ACH or SEPA transfers.




announcementPlease 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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Compare

0 of 5
Overall Rating IC Markets Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 85
Winner check_circle
Review IC Markets Review Eightcap Review
Broker Screenshots IC Markets Eightcap
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation IC Markets Eightcap
Trust Score info 84 85
Year Founded info 2007 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 2 3
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) IC Markets Eightcap
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) IC Markets Eightcap
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments IC Markets Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 736
Forex Pairs (Total) info 61 56
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes info
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 IC Markets Eightcap
Average Spread EUR/USD - Standard info 0.62 info 1.0 info
All-in Cost EUR/USD - Active info 0.62 info 0.76
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding IC Markets Eightcap
Minimum Deposit info $200 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms IC Markets Eightcap
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools IC Markets Eightcap
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets Eightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research IC Markets Eightcap
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education IC Markets Eightcap
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs IC Markets Eightcap
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review IC Markets Review Eightcap Review
Overall IC Markets Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 85
Winner check_circle
Review IC Markets Review Eightcap Review
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