Written by ForexBrokers.com
In this head to head comparison of Eightcap vs IronFX, 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 IronFX are two online brokers that both started operations within a year of each other, with Eightcap established in 2009 and IronFX following in 2010. While neither broker is publicly traded or operates as a bank, they both hold 3 Tier-1 licenses, ensuring they are considered highly trusted authorities in the industry. However, neither holds any Tier-2 licenses.
When it comes to trustworthiness, as rated by ForexBrokers.com, Eightcap scores slightly higher with a Trust Score of 85, classifying it as a trusted broker. IronFX, on the other hand, closely trails with a Trust Score of 83, also falling into the trusted category. Both brokers are therefore positioned favorably for traders seeking reliable online trading platforms.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, Eightcap generally comes out cheaper than IronFX on like-for-like setups. Eightcap’s commission-based Raw account has an average spread of 0.06 pips, and when you add the $3.50 per side commission, the all-in cost is about 0.76 pips—just under the industry average of 0.8 pips. IronFX’s typical spread for its Standard variable account is listed at 1.8 pips (higher than average). Its zero fixed-spread account can start at 0 pips, but it carries an $18 per lot commission and spreads widen to 3 pips overnight.
Eightcap offers two account types across its global entities: the commission-based Raw account and the spread-only Standard account. With the Raw account, the blend of tight spreads and a $3.50 per side commission delivers competitive all-in pricing at roughly 0.76 pips. While Eightcap isn’t the very cheapest broker out there, it scores well: 4 out of 5 stars for commissions and fees and ranked #27 out of 63 brokers by ForexBrokers.com.
IronFX’s pricing shows room for improvement. The Standard variable account’s typical 1.8-pip spread is above the industry average, and although the zero fixed-spread account can quote 0 pips, the $18 per lot commission and overnight widening to 3 pips can raise trading costs. IronFX also earns 4 out of 5 stars for commissions and fees but ranks lower overall in this category at #47 out of 63 brokers, according to ForexBrokers.com.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.2 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Eightcap vs IronFX for range of investments: both support forex trading and copy trading. Eightcap lists 803 tradeable symbols, while IronFX offers 340. When it comes to currency pairs, IronFX provides 83 forex pairs compared to 55 at Eightcap. Neither broker offers direct, exchange-traded shares on U.S. or international exchanges, and neither lets you buy actual crypto, though both offer cryptocurrency CFDs.
Both brokers earn 3.5 out of 5 stars for Range of Investments. In ForexBrokers.com’s ranking of 63 brokers, Eightcap is #41 and IronFX is #52. Choose Eightcap if you want a wider overall selection of CFD markets, or IronFX if you prioritize access to more forex pairs.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 803 | 340 |
| Forex Pairs (Total) | 55 | 83 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | 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 online brokers Eightcap vs IronFX for trading platforms and tools: both offer free demo accounts, Windows desktop and web-based platforms, and copy trading. Neither provides a proprietary in-house platform; instead, both rely on MetaTrader 4 (MT4). Each broker also lets you place trades directly from charts, which makes execution quick and convenient.
The key difference is MetaTrader 5 (MT5): Eightcap offers MT5, while IronFX does not. If MT5 is important to you, Eightcap is the better fit. Reflecting this, Eightcap earns 4 stars for Trading Platforms and Tools and ranks #39 out of 63 brokers at ForexBrokers.com, while IronFX scores 3.5 stars and ranks #62. Overall, Eightcap edges ahead for platform range, but both cover the essentials with MT4, web and desktop access, copy trading, and demo accounts.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and IronFX both deliver mobile trading apps for iPhone and Android. Each app includes stock and forex price alerts, 30 built-in technical studies for charting, the ability to draw trendlines, and auto-saving for chart drawings. In everyday use, this means you can analyze markets and keep your chart work intact on the go with either broker.
The key difference is watchlist syncing: Eightcap syncs symbols between the mobile app and your online account, while IronFX does not. Eightcap also earns a higher mobile rating (4 stars vs. IronFX’s 3.5 stars) and a better standing in ForexBrokers.com’s Mobile Trading Apps category (#39 of 63 for Eightcap versus #63 for IronFX). Choose Eightcap if synced watchlists and a stronger overall app experience matter to you; pick IronFX if you’re fine without syncing and simply need core mobile charting and alerts on both iOS and Android.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Eightcap vs IronFX for market research: both publish daily market commentary and include an economic calendar. IronFX stands out with a forex news feed from top-tier sources like Bloomberg, Reuters, and Dow Jones, and it adds Trading Central analytics. Eightcap doesn’t offer those, but it does provide a useful sentiment tool that shows long/short positioning and includes Acuity Trading tools (such as Signal Centre). Neither broker offers Autochartist. TipRanks research is not available at Eightcap, and its availability at IronFX is not specified.
Overall ratings favor IronFX for research: 4 stars and a #29 ranking out of 63 brokers, versus Eightcap’s 3.5 stars and #40 ranking. Pick IronFX if you want built-in premium news and Trading Central insights; choose Eightcap if sentiment data and Acuity Trading signals fit your trading routine. Note that IronFX does not list a sentiment tool, while both brokers provide daily commentary and calendars.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Eightcap vs. IronFX for beginner education: Both brokers offer a sizable library of forex and CFD education, meeting the baseline of at least ten educational pieces. Each delivers 10+ beginner videos that explain core trading ideas in plain language. Eightcap also hosts client webinars about once a month, giving newcomers a chance to learn live and ask questions—something IronFX does not currently provide. Neither broker, however, supplies a large set of advanced videos for experienced traders.
According to ForexBrokers.com, IronFX earns 4 stars for Education while Eightcap receives 3.5 stars. Across 63 brokers, Eightcap ranks #40 and IronFX ranks #44 in the Education category. If live webinars and ongoing guidance matter to you, Eightcap can be a better fit; if you want a slightly higher education rating with plenty of beginner content, IronFX is worth a look. Advanced traders may need to supplement with other learning sources at either broker.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than IronFX. Eightcap finished with an overall rank of #38, while IronFX finished with an overall rank of #48.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
|
IronFX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 83 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Neither Eightcap nor IronFX let you buy actual delivered cryptocurrencies, but both online brokers offer cryptocurrency CFD trading.
Eightcap vs IronFX: both brokers do not support ACH or SEPA; Eightcap offers PayPal, Skrill, and bank wire deposits/withdrawals, whereas IronFX’s availability of PayPal, Skrill, and bank wires is not specified, and Visa/Mastercard availability is not specified for either broker.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Eightcap | IronFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | IronFX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | Eightcap | IronFX | |
|---|---|---|---|
| Trust Score | 85 | 83 | |
| Year Founded | 2009 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | IronFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | 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) | |||
| 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) | Eightcap | IronFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Eightcap | IronFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 803 | 340 | |
| Forex Pairs (Total) | 55 | 83 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | 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 | Eightcap | IronFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Eightcap | IronFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Eightcap | IronFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No |
| Trading Tools | Eightcap | IronFX | |
|---|---|---|---|
| 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 | Eightcap | IronFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| 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 | Eightcap | IronFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | IronFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Eightcap | IronFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Eightcap Review |
| Overall | Eightcap | IronFX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 83 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill