Written by ForexBrokers.com
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.
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IC Markets (founded 2007) and Eightcap (founded 2009) are online brokers that are not publicly traded and are not banks. ForexBrokers.com rates IC Markets at 84/99 and Eightcap at 87/99, placing both in the “trusted” range of its scale (90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, below 59 not trusted).
On regulation, IC Markets holds 2 Tier-1 licenses and no Tier-2 licenses, while Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license (Tier-1 is viewed as highly trusted and Tier-2 as trusted by ForexBrokers.com). In short, both brokers are considered trusted, with Eightcap carrying slightly more top-tier licensing and a marginally higher Trust Score.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
For commissions and fees, IC Markets earns 5 stars and ranks #5 out of 63 brokers, while Eightcap earns 4 stars and ranks #20. Both brokers offer two main pricing paths: a spread-only Standard account and a commission-based Raw account. Costs can vary by platform and the entity you open your account with.
IC Markets is priced very competitively. On its commission-based Raw accounts, the cTrader option charges $3.00 per side per 100,000 units (about $6 round turn), producing an all-in EUR/USD cost near 0.62 pips based on a 0.02-pip average spread plus commission. The MetaTrader 4/5 Raw account charges $3.50 per side (about $7 round turn), bringing the all-in cost to roughly 0.72 pips. Prefer no separate commission? The Standard account lists an average EUR/USD spread of about 0.62 pips. IC Markets also offers volume discounts for traders doing over 100 standard lots per month.
Eightcap keeps things simple with a Standard (spread-only) account and a Raw account. The Raw account lists an average EUR/USD spread of 0.06 pips; after adding a $3.50 per side commission, the estimated all-in cost is about 0.76 pips, which sits just under the industry average of 0.8 pips. That makes Eightcap slightly pricier than the very lowest-cost brokers, while still remaining competitive for most traders.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $200 | $100 |
| Average spread (EUR/USD) - Standard account | 0.62 | 1.0 |
| All-in Cost EUR/USD - Active | 0.62 | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets offers a wider product lineup than Eightcap, with 3,583 tradeable symbols compared to Eightcap’s 803. Both brokers let you trade forex (CFDs or spot), but IC Markets lists 61 currency pairs versus Eightcap’s 55. Neither broker provides U.S.-listed shares as actual exchange-traded securities, yet IC Markets does give access to certain international exchange-traded shares, while Eightcap does not. Both support copy trading and let you speculate on cryptocurrencies via CFDs; however, neither offers the ability to buy and hold actual crypto.
For range of investments, IC Markets earns 4.5 out of 5 stars and ranks 22nd out of 63 brokers at ForexBrokers.com, while Eightcap scores 3.5 out of 5 stars and ranks 29th. If having more markets to choose from matters most, IC Markets has the edge; if you only need a solid mix of forex and crypto CFDs with copy trading, Eightcap still covers the basics.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 803 |
| Forex Pairs (Total) | 61 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing IC Markets vs Eightcap on trading platforms and tools, both brokers check the key boxes. Each offers a free demo account for paper trading, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and provides both a Windows desktop download and a browser-based web platform. Copy trading is available at both, and you can place orders directly from charts. Neither broker has a proprietary platform, so your experience centers on the familiar MetaTrader suite.
For ratings, both IC Markets and Eightcap earn 4 stars for Trading Platforms and Tools. In the ForexBrokers.com rankings, IC Markets is placed #17 out of 63 brokers, while Eightcap is #31. If you’re choosing between them, focus on the MetaTrader experience you prefer and any add-ons or copy-trading integrations you plan to use; note that specific counts for technical indicators and watchlist fields were not provided.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and Eightcap both deliver capable mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, offers 30 built-in technical studies for charting, lets you draw trendlines, and automatically saves your chart drawings so your analysis stays put.
The key difference is watchlist syncing: Eightcap syncs your watchlist between the mobile app and your online account, while IC Markets does not. Both are rated 4 out of 5 stars for Mobile Trading Apps. According to ForexBrokers.com, IC Markets ranks 22nd out of 63 brokers for mobile apps, while Eightcap ranks 31st out of 63.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In this IC Markets vs Eightcap research comparison, both brokers provide daily market commentary, economic calendars, and sentiment tools showing long/short positioning. IC Markets adds forex news from top-tier providers like Bloomberg, Reuters, or Dow Jones, plus third-party research from Autochartist and Trading Central. Eightcap does not offer those three, but it does include Acuity Trading’s Signal Centre. Neither broker features TipRanks. Overall, IC Markets is rated 4 stars for Research and ranked #21 of 63 by ForexBrokers.com, while Eightcap holds 3.5 stars and ranks #33.
Choose IC Markets if you want more traditional news and technical analysis built into the platform; go with Eightcap if you value signal-driven ideas via Acuity Trading alongside standard tools. Either way, both cover the basics with regular commentary, market calendars, and sentiment gauges.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IC Markets vs Eightcap for beginner education: both brokers host ongoing client webinars (at least monthly) and each provides 10+ beginner-friendly videos that explain trading basics like platform setup, risk management, and how forex and CFDs work. If you’re just starting out, either one can help you build a foundation through regular webinars and clear, step-by-step video lessons.
The key difference is depth as you advance. IC Markets also offers at least 10 advanced trading videos, while Eightcap does not, giving IC Markets an edge if you plan to grow beyond the basics. That advantage is reflected in independent ratings: IC Markets earns 4 stars and ranks #16 out of 63 brokers for Education at ForexBrokers.com, while Eightcap holds 3.5 stars and ranks #31. Choose IC Markets for a larger video library as you progress, or pick Eightcap if beginner lessons and monthly webinars cover your current needs.
| Feature |
IC Markets
|
Eightcap
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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 #21, while Eightcap finished with an overall rank of #30.
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
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Eightcap
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|---|---|---|
| Overall Rating |
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| Trust Score | 84 | 87 |
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IC Markets vs Eightcap: neither broker supports buying actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
IC Markets vs Eightcap: both online brokers support PayPal, Skrill, and bank wire transfers for deposits and withdrawals, do not support ACH or SEPA, and Visa/Mastercard availability is not specified.
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 | IC Markets | Eightcap | |
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| Trust Score | 84 | 87 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Eightcap Review |
| Broker Screenshots | IC Markets | Eightcap | |
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| Regulation | IC Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 84 | 87 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | IC Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IC Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 803 | |
| Forex Pairs (Total) | 61 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 0.62 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.76 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $200 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IC Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | Eightcap | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IC Markets | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review | Eightcap Review |
| Overall | IC Markets | Eightcap | |
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| Trust Score | 84 | 87 | |
| Winner | check_circle | ||
| Review | IC Markets Review | Eightcap Review |
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