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OANDA vs Eightcap 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 87
  • Tradeable Symbols (Total): 803

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.

Regulation

OANDA (founded 1996) and Eightcap (founded 2009) are online brokers that are not publicly traded and are not banks. Based on the ForexBrokers.com Trust Score, OANDA scores 93/99 (highly trusted), while Eightcap scores 87/99 (trusted).

In terms of regulation, OANDA holds seven Tier-1 licenses (considered highly trusted) and zero Tier-2 licenses. Eightcap holds three Tier-1 licenses and one Tier-2 license (considered trusted). If you want the greater number of top-tier approvals, OANDA has the edge; if you’re comfortable with slightly fewer Tier-1 licenses, Eightcap still earns a trusted rating.

Feature OANDA logoOANDA
Eightcap logoEightcap
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 3
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

Comparing commissions and fees, Eightcap generally comes out cheaper than OANDA. Eightcap’s commission-based Raw account averages about 0.76 pips all-in after its $3.50 per-side commission, while OANDA’s costs are higher whether you use its default pricing or its Core pricing. Both brokers earn 4 out of 5 stars for commissions and fees, but Eightcap ranks #20 out of 63 brokers, ahead of OANDA at #30.

OANDA isn’t a discount broker and its typical spreads are on the high side. For example, the average non-Core spread on EUR/USD was 1.61 pips in July 2024. Its Core pricing lowers the spread (e.g., to 0.4 pips) but adds a $5 per-side commission per $100,000 traded (about 1.0 pip round-trip), putting the all-in cost in this example at roughly 1.4 pips. OANDA’s perks include automated trade execution, tiny minimum trade sizes down to 1 unit, and volume-based rebates ($5–$17 per million) in select regions, plus possible TradingView subscription reimbursements. It publishes trailing average spreads for transparency, though not fixed-period averages.

Eightcap offers two account types: a spread-only Standard account and a commission-based Raw account. The Raw account lists a 0.06-pip average spread, and after the $3.50 per-side commission, the estimated all-in cost is about 0.76 pips—slightly below the industry average of 0.8 pips. While Eightcap isn’t the absolute cheapest broker, its pricing is typically leaner than OANDA’s in the examples above. Eightcap earns 4/5 stars and ranks #20/63 for commissions and fees, compared to OANDA’s 4/5 stars and #30/63.

Feature OANDA logoOANDA
Eightcap logoEightcap
Minimum Deposit info $0 $100
Average spread (EUR/USD) - Standard account info 1.68 info 1.0 info
All-in Cost EUR/USD - Active info 1.69 info 0.76
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When it comes to the range of investments, OANDA offers far more choice than Eightcap. OANDA lists 4,172 tradeable symbols and 69 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers support forex trading (available as CFDs or spot contracts depending on your region). OANDA also lets clients buy exchange-traded shares on U.S. and international exchanges, while Eightcap does not offer real share dealing. In crypto, both provide cryptocurrency CFDs, but only OANDA also lets you buy actual coins. Copy trading is available at both brokers.

For this category, ForexBrokers.com rates OANDA at 4 stars and ranks it #20 of 63 brokers, while Eightcap earns 3.5 stars and ranks #29 of 63. In short, OANDA suits investors who want a larger instrument list plus access to real shares and real crypto, whereas Eightcap may appeal to traders focused on CFD markets with copy trading support.

Feature OANDA logoOANDA
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 803
Forex Pairs (Total) info 69 55
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes info
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

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 logoOANDA
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

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 logoOANDA
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 logoOANDA
Eightcap logoEightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoOANDA
Eightcap logoEightcap
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoOANDA
Eightcap logoEightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 87
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or Eightcap?

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.

What funding options does each broker offer?

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.

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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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Overall Rating OANDA Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 87
Winner check_circle
Review OANDA Review Eightcap Review
Broker Screenshots OANDA Eightcap
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
Eightcap MT4 mobile app charts. Eightcap MT5 web. Eightcap economic calendar event detail. Eightcap Labs educational content learning academy.
Regulation OANDA Eightcap
Trust Score info 93 87
Year Founded info 1996 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 7 3
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA Eightcap
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) OANDA Eightcap
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA Eightcap
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 803
Forex Pairs (Total) info 69 55
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info Yes info Yes info
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 info 1.68 info 1.0 info
All-in Cost EUR/USD - Active info 1.69 info 0.76
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding OANDA Eightcap
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA Eightcap
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
Trading Tools OANDA Eightcap
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA Eightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA Eightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA Eightcap
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs OANDA Eightcap
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review Eightcap Review
Overall OANDA Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 87
Winner check_circle
Review OANDA Review Eightcap Review
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