Written by ForexBrokers.com
In this head to head comparison of OANDA 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.
Comparing OANDA and Eightcap on safety and oversight: OANDA was founded in 1996 and Eightcap in 2009. Neither is publicly traded or a bank. On ForexBrokers.com’s 99-point Trust Score, 90–99 signals a highly trusted broker, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not recommended. OANDA scores 92 (highly trusted), while Eightcap scores 87 (trusted).
Regulation is a key difference. OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses; Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Tier-1 regulators are seen by ForexBrokers.com as the most dependable. If you want the widest top-tier oversight, OANDA leads; if you’re comfortable with a trusted rating and a mix of Tier-1 and Tier-2 approvals, Eightcap also stands out.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing commissions and fees, OANDA and Eightcap both sit in the middle of the pack rather than among the very cheapest forex brokers. OANDA charges higher trading costs overall, with its default pricing showing an average EUR/USD spread of 1.61 pips in July 2024. It does offer a Core pricing option with tighter spreads and a $5 per side commission per $100,000 traded, but that account requires a $10,000 minimum deposit. OANDA gets a 4-star rating for commissions and fees and is ranked #31 out of 36 brokers by ForexBrokers.com.
Eightcap is generally the lower-cost choice of the two, especially on its Raw account. It lists an average spread of 0.06 pips, and after adding the $3.50 per side commission, the all-in cost comes to about 0.76 pips. That makes it close to the industry average, though still not quite at the very cheapest level. Eightcap earns 4.5 stars for commissions and fees and is ranked #20 out of 36 brokers by ForexBrokers.com.
In simple terms, OANDA may appeal to traders who value flexible trade sizing and automated execution, while Eightcap offers the better pricing setup for most cost-focused traders. If keeping trading fees low is your main goal, Eightcap has the edge.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.0 |
| All-in Cost EUR/USD - Active | 1.69 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, OANDA offers more choice than Eightcap. OANDA supports forex trading as a CFD or spot contract, gives access to 4,172 tradeable symbols and 69 forex pairs, and also lets clients trade exchange-listed securities on both U.S. and international markets. In addition, OANDA offers copy trading, the ability to buy actual cryptocurrency, and cryptocurrency CFDs. It is rated 4.5 out of 5 stars for Range of Investments and ranks #20 out of 36 brokers in this category.
Eightcap also offers forex trading as a CFD or spot contract, along with cryptocurrency CFDs, but its product lineup is smaller overall. The broker lists 803 tradeable symbols and 55 forex pairs, and it does not offer exchange-traded securities, copy trading, or access to actual cryptocurrency. Eightcap is rated 3.5 out of 5 stars for Range of Investments and ranks #30 out of 36 brokers, making it the more limited option for investors looking for variety.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 803 |
| Forex Pairs (Total) | 69 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
OANDA and Eightcap both give traders a solid range of platform choices, including free demo accounts, web and desktop trading, and support for MetaTrader 4 and MetaTrader 5. Each broker also lets you trade directly from charts, which can make order entry faster and more convenient. In ForexBrokers.com’s Trading Platforms and Tools category, both are rated 4 out of 5 stars, showing that each offers a good overall platform experience.
Where OANDA stands out is in its own in-house platform and copy trading, features Eightcap does not offer. Eightcap, however, still covers the basics well with its browser-based and Windows desktop platforms, plus MT4 and MT5 support. For this category, OANDA ranks #16 out of 36 brokers, while Eightcap ranks #32, giving OANDA the edge for traders who want more platform and tool options.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Eightcap both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. That means traders can monitor markets and make basic chart updates on the go with either broker. The biggest difference is watchlist syncing: Eightcap lets your mobile watchlists stay in step with your online account, while OANDA does not.
When it comes to charting, Eightcap offers 100 technical studies in its mobile app, compared with 30 at OANDA, which may appeal to traders who want more tools built into the app. Still, OANDA comes out ahead in overall mobile app quality, with a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com, while Eightcap is rated 4 stars and ranked #32.
| Feature |
OANDA
|
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 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing OANDA vs Eightcap for market research, OANDA comes out ahead overall. Both brokers provide daily market commentary, a sentiment tool that shows long and short positioning, and an economic calendar with upcoming global events. Each also gives traders some useful market insight to help with planning and timing trades.
OANDA has a clear edge in research depth because it includes forex news from top sources like Bloomberg and Reuters, plus Autochartist tools for technical and fundamental analysis. Eightcap does not offer top-tier news or Autochartist, though it does add Acuity Trading tools such as Signal Centre. That difference is reflected in their ratings and rankings: OANDA earns 5 out of 5 stars and ranks #4 out of 36 brokers for research, while Eightcap scores 3.5 out of 5 stars and ranks #34.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn forex and CFD trading, OANDA comes out ahead of Eightcap on education. OANDA offers forex and CFDs learning content, monthly client webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. It also earns a 5-star Education rating and ranks #18 out of 36 brokers for the category, which suggests a wider range of learning support for traders at different stages.
Eightcap still provides useful beginner video content, including at least 10 videos for new traders, but it falls behind OANDA in several key areas. It does not offer monthly educational webinars, does not meet the benchmark for forex or CFD education content, and does not have at least 10 advanced educational videos. With a 3.5-star Education rating and a #31 ranking out of 36 brokers, Eightcap may suit traders who want some basic learning materials, while OANDA is the stronger choice for beginners who want more guidance and ongoing support.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| 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 OANDA is better than Eightcap. OANDA finished with an overall rank of #13, while Eightcap finished with an overall rank of #30.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 92 | 87 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In the OANDA vs Eightcap comparison for cryptocurrency trading, OANDA supports buying actual (delivered) cryptocurrencies and trading crypto CFDs, whereas Eightcap offers crypto CFDs only and does not provide access to purchasing real, delivered crypto.
OANDA vs Eightcap: both online brokers support bank wire transfers, PayPal, and Skrill for deposits and withdrawals, but only OANDA offers ACH/SEPA, while Visa or Mastercard availability for either broker 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
| Broker Screenshots | OANDA | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | OANDA | Eightcap | |
|---|---|---|---|
| Trust Score | 92 | 87 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 803 | |
| Forex Pairs (Total) | 69 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | OANDA | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.0 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | 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 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | Eightcap Review |
| Overall | OANDA | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill