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OANDA vs Eightcap 2021

Is Eightcap better than OANDA? In our analysis of 23 international regulators across 50 brokers, Eightcap is considered average-risk, with an overall Trust Score of 73 out of 99. OANDA is considered low-risk, with an overall Trust Score of 89 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature OANDA Eightcap
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 3 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4.5 3
Education 3.5 3
Trust Score 91 73
OANDA Review Eightcap Review
76.6% of retail CFD accounts lose money

Regulation

Feature OANDA Eightcap
Trust Score 91 73
Year Founded
1996 2009
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
6 2
Tier-2 Licenses
0 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature OANDA Eightcap
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses (Average Trust)

Feature OANDA Eightcap
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature OANDA Eightcap
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
Yes No
FSC Authorised (Mauritius)
No No

Investments

Feature OANDA Eightcap
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
124 76
Forex Pairs (Total)
71 45
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature OANDA Eightcap
Average Spread EUR/USD - Standard
1.4 (August 2021) N/A
All-in Cost EUR/USD - Active
1.4 (August 2021) 0.76
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
No Yes
Execution: Market Maker
Yes Yes

Funding

Feature OANDA Eightcap
Minimum Deposit
$0.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature OANDA Eightcap
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
Yes No

Trading Tools

Feature OANDA Eightcap
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 MetaTrader (Default)
Charting - Indicators / Studies (Total)
81 MetaTrader (Default)
Charting - Drawing Tools (Total)
431 MetaTrader (Default)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes No

Mobile Trading

Feature OANDA Eightcap
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
33 MetaTrader (Default)
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes Yes

Research

Feature OANDA Eightcap
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
Autochartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes No

Education

Feature OANDA Eightcap
Has Education - Forex or CFDs
Yes Yes
Client Webinars
Yes No
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature OANDA Eightcap
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature OANDA Eightcap
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 3 3.5
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4.5 3
Education 3.5 3
Trust Score 91 73
OANDA Review Eightcap Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs OANDA.

Does Eightcap or OANDA offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, OANDA offers better pricing overall for traders.

Is Eightcap or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while Eightcap holds 2. Eightcap holds 1 global Tier-2 licenses, while OANDA holds 0. In our analysis of 23 international regulators across 50 brokers, OANDA earned a higher Trust Score than Eightcap.

Which trading platform is better: Eightcap or OANDA?
To compare the trading platforms of both Eightcap and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Eightcap and OANDA both offer copy trading. Both Eightcap and OANDA offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, OANDA offers traders access to 124 CFDs while Eightcap has 76 available CFDs, a difference of 48.

Can I trust Eightcap?
Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust OANDA?
OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Is Eightcap good?
With a small range of markets and no standout features across its research, education, platforms, and account offerings, Eightcap struggles to compete with the best forex brokers.

Is OANDA good?
As a trusted global brand, OANDA provides forex and CFD traders a limited offering of FX pairs and CFDs but stands out for its reputation and quality market research.

Overall winner: OANDA

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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