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Eightcap vs iFOREX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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

Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 85
  • Tradeable Symbols (Total): 800
iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750

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

Eightcap, established in 2009, and iFOREX, founded in 1996, are both notable players in the online brokerage industry. Neither company is publicly traded or operates as a bank. In terms of regulation, Eightcap holds three Tier-1 licenses, regarded as highly reliable, supporting its ForexBrokers.com Trust Score rating of 85, which marks it as trusted. In contrast, iFOREX holds one Tier-1 license, contributing to its Trust Score rating of 75, placing it in the average risk category according to ForexBrokers.com.

This difference in regulatory status is crucial for potential clients considering the security and trustworthiness of an online broker. Although neither broker possesses Tier-2 licenses, Eightcap's additional Tier-1 licenses enhance its trust rating, offering more peace of mind for safety-conscious investors. Meanwhile, iFOREX's single Tier-1 license reflects a moderate level of assurance for those exploring various trading platforms.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Year Founded info 2009 1996
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing the commissions and fees of Eightcap and iFOREX, you'll find some distinct differences. Eightcap offers two types of accounts across its global platforms, with options including a commission-based Raw account and a spread-only Standard account. If you choose the Raw account, you'll encounter an average spread of 0.06 pips, and when you factor in a per-side commission of $3.50 per trade, the total cost hovers around 0.76 pips, slightly under the industry average. On the other hand, specific spread data for iFOREX is unavailable, which can make direct comparisons difficult.

In terms of pricing, Eightcap is generally not the cheapest option but remains competitive. Despite its higher costs compared to some low-cost brokers, Eightcap shines with a four-star rating for its commissions and fees, ranking #26 out of 63 brokers according to ForexBrokers.com. This places it well above iFOREX, which is rated three stars and slotted at #61 in the same category.

Overall, the choice between Eightcap and iFOREX depends on one's priorities. Eightcap might appeal to those looking for a more defined cost structure and a higher ranking in the industry for commissions and fees, while iFOREX's lack of detailed spread data might suit less cost-sensitive traders. With their varying pricing structures and rankings, both brokers offer unique choices based on individual needs and trading strategies.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Minimum Deposit info $100 $100
Average Spread EUR/USD - Standard info 1.0 info N/A info
All-in Cost EUR/USD - Active info 0.76 N/A info
Active Trader or VIP Discounts info No 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 investment offerings of Eightcap and iFOREX, both brokers cater well to those interested in forex trading. They each provide access to forex as a CFD or spot contract. Eightcap offers 800 tradeable symbols, whereas iFOREX offers 750. However, iFOREX takes the lead with a wider selection of forex pairs, boasting 88 compared to Eightcap's 56. Neither broker provides direct access to exchange-traded securities on U.S. or international stock exchanges, limiting clients who wish to directly invest in popular stocks like Apple or Vodafone.

For cryptocurrency enthusiasts, both brokers offer trading via derivatives but do not support direct cryptocurrency purchases. Eightcap distinguishes itself by offering copy trading, which isn't available through iFOREX. Both brokers share an identical rating of 3.5 stars for their range of investments. Despite their similarities, Eightcap manages a slight edge, ranking #40 compared to iFOREX's #41 out of 63 brokers in the ForexBrokers.com Range of Investments category. This difference might appeal to traders seeking specific features like copy trading or a broader selection of tradeable symbols.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 800 750
Forex Pairs (Total) info 56 88
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes info No
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 Eightcap and iFOREX for their trading platforms and tools, it's clear that each broker caters to different trading preferences. Eightcap impresses with its support for popular platforms like MetaTrader 4 and MetaTrader 5, providing experienced traders with familiar and versatile tools. Additionally, Eightcap offers a simulated trading experience through free virtual demo accounts, allowing beginners to practice without financial risk. It also supports copy trading, enabling clients to follow successful traders. Traders using Eightcap can take advantage of its Windows-based desktop platform and web-based platform, making it accessible across various devices. Eightcap includes up to 15 drawing tools and supports trading directly from stock charts.

In contrast, iFOREX provides its own proprietary platform, offering a unique in-house trading experience. While it lacks options like MetaTrader 4 and MetaTrader 5, iFOREX excels with its web-based platform, which is user-friendly and suitable for those seeking a straightforward approach. Although iFOREX does not provide simulated trading or copy trading services, it offers an impressive selection of 25 drawing tools for chart analysis. Traders can also benefit from the ability to trade directly from stock charts, and with nine watch list columns, iFOREX users can track a diverse array of market data. Both Eightcap and iFOREX have been rated four stars for their trading platforms and tools, indicating a commendable level of satisfaction among their users. However, according to ForexBrokers.com, Eightcap holds a higher ranking at #38 compared to iFOREX at #54 out of 63 brokers in the same category.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Virtual Trading (Demo) info Yes No
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 57
Charting - Drawing Tools (Total) info 15 25
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 9

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

Forex trading apps

When it comes to mobile trading, both Eightcap and iFOREX offer apps for iPhone and Android, making them accessible for traders on the go. However, Eightcap stands out with several advanced features that enhance the user experience. Eightcap provides stock and forex price alerts, a notable feature that iFOREX lacks. A significant advantage of the Eightcap app is its ability to sync watchlist symbols with the client's online account, allowing seamless updates across platforms—something iFOREX does not offer. Charting on Eightcap's app is comprehensive, including 30 technical studies and tools for drawing trendlines, viewing multiple time frames, and auto-saving drawings, while iFOREX falls short in offering these capabilities.

For those looking to create watchlists with real-time quotes, Eightcap delivers this feature, aiding in timely trading decisions, whereas iFOREX does not. Despite both apps receiving a four-star rating for their mobile platforms, Eightcap is ranked higher at #38 compared to iFOREX's #55 by ForexBrokers.com, highlighting its edge in functionality and user satisfaction. For anyone prioritizing a feature-rich mobile trading experience, Eightcap proves to be a more comprehensive choice than iFOREX.

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

Dive deeper: Best Forex Trading Apps.

Market research

Eightcap and iFOREX both deliver on essential market research features such as daily market commentary and economic calendars showcasing global news events. While neither provides forex news from top-tier sources like Bloomberg or Reuters, both platforms offer sentiment-based trading tools. However, iFOREX stands out by incorporating technical analysis tools from Trading Central, which Eightcap does not offer. This key difference can be crucial for traders seeking in-depth technical analysis features.

In the research category, both brokers are equally rated at 3.5 stars, though Eightcap is ranked slightly higher at #39 compared to iFOREX's #48 position among 63 brokers reviewed by ForexBrokers.com. While both platforms offer similar core features, Eightcap's overall higher ranking might provide traders with an added level of confidence. When choosing between these brokers, traders should consider their unique needs for technical tools and analysis as these elements can significantly impact trading strategies.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No No
Autochartist info No No
Trading Central (Recognia) info No Yes
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

For beginners looking to delve into forex or CFD trading, Eightcap provides a more extensive collection of educational resources compared to iFOREX. Eightcap offers over ten educational materials, including various articles, videos, and archived webinars centered on forex and CFDs. In contrast, iFOREX does not offer the same range of materials. Both brokers provide more than ten beginner-oriented videos to help newcomers understand trading topics, but neither offers advanced videos for experienced traders. Unlike iFOREX, Eightcap also includes an investor dictionary with more than 50 investing term definitions, aiding beginners in becoming familiar with crucial trading concepts.

Neither Eightcap nor iFOREX holds monthly educational client webinars; however, Eightcap stands out with a searchable archive of recorded webinars, providing learners with access to past sessions. Despite the differences in educational offerings, both brokers receive a 3.5-star rating for education. Nevertheless, in the ForexBrokers.com ranking for the education category, Eightcap is more favorably positioned at #40 out of 63 brokers, while iFOREX trails behind at #53. This ranking may be an indicator of the broader scope of resources Eightcap offers to those starting their trading journey.

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

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than iFOREX. Eightcap finished with an overall rank of #38, while iFOREX finished with an overall rank of #52.

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.

Feature Eightcap logoEightcap
iFOREX logoiFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 85 75
Range of Investments 3.5/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with Eightcap or iFOREX?

Both Eightcap and iFOREX provide users with the capability to invest in cryptocurrency derivatives, but neither platform allows for the purchase of actual, delivered cryptocurrencies.

What funding options does each broker offer?

Both Eightcap and iFOREX provide a variety of options for depositing and withdrawing account funds, including PayPal, Skrill, Visa or Mastercard, and bank wires, but neither 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 Eightcap iFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 85 75
Winner check_circle
Review Eightcap Review
Broker Screenshots Eightcap iFOREX
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 Eightcap iFOREX
Trust Score info 85 75
Year Founded info 2009 1996
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 3 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) Eightcap iFOREX
Australia (ASIC Authorised) info Yes No
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 Yes 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) Eightcap iFOREX
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 Eightcap iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 800 750
Forex Pairs (Total) info 56 88
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No No
Social Trading / Copy Trading info Yes info No
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 Eightcap iFOREX
Average Spread EUR/USD - Standard info 1.0 info N/A info
All-in Cost EUR/USD - Active info 0.76 N/A info
Active Trader or VIP Discounts info No No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding Eightcap iFOREX
Minimum Deposit info $100 $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 Eightcap iFOREX
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Eightcap iFOREX
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 9
Charting - Indicators / Studies (Total) info 30 57
Charting - Drawing Tools (Total) info 15 25
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading Eightcap iFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research Eightcap iFOREX
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No No
Autochartist info No No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education Eightcap iFOREX
Education (Forex or CFDs) info Yes No
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs Eightcap iFOREX
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 Eightcap Review
Overall Eightcap iFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 3/5 Stars
Range of Investments 3.5/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 85 75
Winner check_circle
Review Eightcap Review
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