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 it comes to commissions and fees, Eightcap generally undercuts OANDA on all-in trading costs. Eightcap’s Raw account averages 0.06-pip spreads plus a $3.50 per-side commission, landing around 0.76 pips all in—just under the 0.8-pip industry average. By comparison, OANDA’s pricing is typically higher than the cheapest brokers; for example, its average non-core spread on EUR/USD was 1.61 pips in July 2024. Ratings and rankings reflect this: Eightcap earns 4.5/5 stars and ranks #20 of 63 for Commissions & Fees, while OANDA earns 4/5 stars and ranks #30 of 63.
OANDA offers two pricing structures. The default (commission-free) plan uses wider spreads, while the Core option pairs tighter spreads with a $5 per-side commission per $100,000 traded (about $10 per round turn) and requires a $10,000 minimum deposit. In practice, Core can be slightly cheaper than default: if EUR/USD is 1.6 pips on default versus 0.4 pips on Core, adding roughly 1 pip for commission brings Core to about 1.4 pips. OANDA also supports tiny trade sizes (as small as 1 unit), provides volume rebates in select regions ($5–$17 per million) with extras like TradingView subscription reimbursements, and publishes trailing average spreads—though not fixed-period averages.
Eightcap’s pricing is straightforward across two account types: the spread-only Standard account and the commission-based Raw account, available via its entities in Australia, the Bahamas, the U.K., and Cyprus. The Raw account’s tight quoted spreads plus the $3.50 per-side commission produce an estimated 0.76-pip all-in cost on major pairs, keeping Eightcap competitive, albeit still a bit pricier than the very cheapest forex brokers. For many cost-focused traders, Eightcap’s fee profile is sharper overall than OANDA’s.
| 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.
Comparing OANDA vs Eightcap on range of investments, OANDA clearly lists more markets to trade: 4,172 tradeable symbols and 69 forex pairs, versus Eightcap’s 803 symbols and 55 pairs. Both support forex trading as CFDs or spot, and both offer copy trading. A key difference is stock access: OANDA lets you buy exchange-traded securities on U.S. and international exchanges, while Eightcap does not. For crypto, OANDA provides both real (delivered) cryptocurrency and crypto CFDs; Eightcap offers crypto via CFDs only.
These differences show up in third-party ratings: OANDA scores 4.5/5 for Range of Investments and ranks #20 out of 63 brokers, while Eightcap scores 3.5/5 and ranks #29. If you want a wider selection plus the ability to own stocks and real crypto, OANDA stands out. If you mainly trade CFDs across popular markets, Eightcap covers the essentials.
| 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.
OANDA and Eightcap both let you test-drive with a free demo (paper) account. Each online broker offers a Windows desktop download and a web-based trading platform, supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), includes copy trading, and lets you place orders directly from charts. The big difference: OANDA also has its own proprietary platform, while Eightcap relies on third-party platforms. Specific counts for built-in technical indicators and watch list columns weren’t provided.
For Trading Platforms and Tools, both OANDA and Eightcap earn 4 out of 5 stars from ForexBrokers.com, but OANDA ranks higher (#16 of 63) than Eightcap (#31 of 63). If you want an in-house platform alongside MT4/MT5, OANDA is the better fit; if you prefer a broker centered on MetaTrader, Eightcap makes sense. In either case, try the free demo to see which layout and tools feel right for you.
| 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 includes price alerts, 30 technical studies for charting, the ability to draw trendlines, and autosaving of chart drawings—useful for keeping your analysis intact as you switch screens.
The key difference is watchlists: Eightcap syncs watchlist symbols between the mobile app and your online account, while OANDA does not. According to ForexBrokers.com, OANDA’s mobile app is rated 5 out of 5 stars and ranks #7 out of 63 brokers, whereas Eightcap earns 4 stars and ranks #31. Pick OANDA if top-rated mobile performance is your priority; choose Eightcap if synced watchlists across devices matter most.
| 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.
Both OANDA and Eightcap cover the basics for market research with daily commentary, a global economic calendar, and sentiment tools showing the balance of long vs. short positions. OANDA stands out by streaming forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and by offering Autochartist for technical ideas. Neither broker includes Trading Central or TipRanks. Eightcap, however, adds research from Acuity Trading (Signal Centre), which OANDA does not provide.
For overall research quality, OANDA earns 5 stars and ranks #4 out of 63 brokers at ForexBrokers.com, while Eightcap holds 3.5 stars and ranks #33. If you want premium news feeds and Autochartist-driven setups, OANDA is the stronger choice. If you prefer signal-style insights from Acuity Trading, Eightcap has that angle covered.
| 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.
Comparing OANDA and Eightcap for beginner-friendly education: both brokers provide forex and CFD education with at least ten pieces of content, and both run client webinars at least once a month. Each offers 10+ beginner trading videos, so new traders can learn the basics through clear, structured lessons and regular live sessions.
Where they differ is depth. OANDA also supplies 10+ advanced trading videos, while Eightcap does not. That added pathway helps learners grow beyond the basics. Reflecting this, OANDA holds a 5-star Education rating and ranks #18 out of 63 brokers for Education at ForexBrokers.com, compared with Eightcap’s 3.5 stars and #31 ranking. If you want a fuller curriculum that can carry you from beginner to more advanced topics, OANDA is the stronger pick. If you mainly need beginner materials and webinars, Eightcap can still meet those 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 #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.
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Eightcap
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| Trust Score | 92 | 87 |
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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 | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
| Broker Screenshots | OANDA | Eightcap | |
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| 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 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 | 1.68 | 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 | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
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