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.
OANDA and Eightcap are both popular online brokers catering to investors worldwide. OANDA was founded in 1996, while Eightcap began operations in 2009. Neither of these brokers is publicly traded or operates as a bank. A key factor in evaluating their reliability is the number of Tier-1 licenses each holds, which are deemed highly trusted by industry experts. OANDA stands out with 7 Tier-1 licenses, whereas Eightcap holds 3. Such licensing contributes significantly to the brokers' trust ratings, influencing their standing in the market.
When it comes to trust scores, based on ratings by ForexBrokers.com, OANDA outshines with a score of 93 out of 99, indicating a highly trusted status. In contrast, Eightcap earns a respectable score of 85, reflecting a trusted, though slightly lower, standing. These trust scores highlight OANDA's sturdier regulatory framework compared to Eightcap, making it a potentially more reliable choice for investors prioritizing safety and compliance. Both brokers, however, offer investors confidence, each providing a certain level of trust and security in the financial landscape.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing OANDA vs Eightcap on commissions and fees, both earn 4 out of 5 stars, yet Eightcap ranks higher for pricing (Eightcap: #27 of 63; OANDA: #35 of 63, per ForexBrokers.com). If you care most about all-in trading costs, Eightcap’s commission-based option generally undercuts OANDA’s typical pricing, while OANDA counters with very flexible trade sizes and automated execution.
OANDA’s default spreads tend to be on the higher side compared to the cheapest brokers. For example, its average non-core spread on EUR/USD was 1.61 pips in July 2024. OANDA’s Core Pricing lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn) and requires a $10,000 minimum deposit; using the firm’s example, a 0.4-pip spread plus the commission-equivalent of 1.0 pip yields an all-in cost around 1.4 pips—slightly better than its commission-free pricing. Perks include trading in units as small as 1 (far smaller than a micro lot) and volume-based rebates ($5–$17 per million) in select regions. OANDA also publishes trailing average spreads for transparency.
Eightcap offers two account types: a spread-only Standard account and a commission-based Raw account. The Raw account lists 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 and typically cheaper than OANDA’s example Core Pricing. While Eightcap isn’t the absolute lowest-cost broker, its Raw account makes it a competitive pick for spread- and commission-sensitive traders (rating: 4/5 stars, rank #27/63), whereas OANDA may appeal if you value tiny trade sizes and extras despite somewhat higher average spreads (rating: 4/5 stars, rank #35/63).
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.69 | 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.
OANDA and Eightcap both let you trade forex as CFDs or spot. OANDA stands out for variety, with 4,172 tradeable symbols and 69 forex pairs, compared to Eightcap’s 803 symbols and 55 pairs. OANDA also offers exchange-traded stocks on U.S. and international markets (not CFDs), while Eightcap does not. Both support copy trading. For crypto, OANDA lets you buy both real (delivered) cryptocurrencies and crypto CFDs, whereas Eightcap limits you to crypto CFDs.
For Range of Investments, OANDA earns 4 stars and ranks #28 out of 63 brokers on ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #41. In short, choose OANDA if you want more markets, including real crypto and exchange-traded shares; pick Eightcap if you mainly need forex and crypto CFDs.
| 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 | Yes |
| 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.
The online brokers OANDA and Eightcap both make it easy to practice with a free demo (paper) trading account. Each offers web-based and Windows desktop platforms and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If you want a broker-built experience, OANDA also provides its own proprietary platform, while Eightcap focuses on third-party platforms. Both support copy trading and let you place trades directly from charts, helping you act quickly when you spot an opportunity.
According to ForexBrokers.com’s Trading Platforms and Tools ratings, both brokers earn 4 out of 5 stars, but OANDA ranks higher overall (#15 of 63) than Eightcap (#39 of 63). Choose OANDA if you want the option of a proprietary platform alongside MetaTrader; pick Eightcap if you’re happy staying within MT4/MT5 while still getting web and desktop access, copy trading, and a free demo account.
| 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 | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| 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. Each app supports price alerts, 30 technical studies for charting, trendline drawing, and auto-saving of chart annotations. That means traders can analyze markets and stay updated from their phones with similar core tools.
The key differences are watchlists and overall ratings. Eightcap syncs watchlists between mobile and your online account, while OANDA does not. However, OANDA earns a higher score for its mobile experience, rated 5 out of 5 stars and ranked #7 out of 63 brokers by ForexBrokers.com. Eightcap is rated 4 out of 5 stars and ranked #39. Choose OANDA if you want a higher-rated app experience; pick Eightcap if syncing watchlists across devices is a priority.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing market research at forex brokers OANDA and Eightcap, OANDA takes the lead. OANDA earns 5 stars for Research and ranks #4 out of 63 brokers on ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #40. Both brokers provide daily market commentary, an economic calendar of global events, and a sentiment tool that shows the ratio of long versus short positions across instruments.
The key differences are in the depth of tools and news feeds. OANDA includes forex news from top-tier sources such as Bloomberg, Reuters, Dow Jones, or similar, and offers Autochartist for technical and fundamental insights. Eightcap lacks those two, but it does integrate research from Acuity Trading (e.g., Signal Centre). Neither broker offers Trading Central or TipRanks. If you value premium news and Autochartist-driven ideas, OANDA is the stronger pick; if you want Acuity Trading within a simpler toolkit, Eightcap may suit your needs.
| 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 beginner traders, both OANDA and Eightcap provide forex and CFD education with a library of at least 10 learning pieces, including items like articles, videos, and archived webinars. Each broker runs monthly educational webinars and offers 10+ beginner-focused videos to help you understand trading basics. Where they differ is depth for later: OANDA also supplies at least 10 advanced videos for experienced traders, while Eightcap does not meet that advanced-video mark.
On quality, OANDA is rated 5 stars and ranks #19 out of 63 brokers for Education on ForexBrokers.com. Eightcap is rated 3.5 stars and ranks #40 out of 63. If you want beginner lessons with a clear path into advanced topics, OANDA is the stronger choice. If you mainly need foundational videos and regular webinars, Eightcap can still suit your needs.
| Feature |
OANDA
|
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 OANDA is better than Eightcap. OANDA finished with an overall rank of #12, while Eightcap finished with an overall rank of #38.
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
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Eightcap
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| Trust Score | 93 | 85 |
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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.
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0 of 5| Overall Rating | OANDA | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
| Broker Screenshots | OANDA | Eightcap | |
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| Regulation | OANDA | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| 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 | 0 | |
| 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 (SFC 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 SCA 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 | Yes | |
| 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 | 1.69 | 1.0 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.76 | |
| Inactivity Fee | Yes | No | |
| 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 | Yes | |
| 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 | 30 | |
| 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 | 30 | |
| 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 | Yes | |
| 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 | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
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