OANDA vs Eightcap 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.
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 |
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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 | 1 |
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 |
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Minimum Deposit | $0 | $100 |
Average Spread EUR/USD - Standard | 1.69 | 1.0 |
All-in Cost EUR/USD - Active | 1.69 | 0.76 |
Active Trader or VIP Discounts | Yes | No |
ACH or SEPA Transfers | Yes | No |
PayPal (Deposit/Withdraw) | Yes | Yes |
Skrill (Deposit/Withdraw) | Yes | Yes |
Visa/Mastercard (Credit/Debit) | Yes | Yes |
Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing OANDA vs Eightcap for range of investments, both brokers support forex trading via CFDs or spot contracts and both offer copy trading. OANDA provides far broader market access, with 4,172 tradeable symbols and 69 forex pairs, versus Eightcap’s 800 symbols and 56 pairs. OANDA also lets clients buy exchange-traded stocks directly on U.S. and international exchanges, while Eightcap does not offer direct share dealing.
Crypto access differs too: OANDA supports both delivered cryptocurrency and crypto derivatives, whereas Eightcap offers crypto derivatives only. Reflecting these differences, ForexBrokers.com rates OANDA 4 stars and ranks it #28 out of 63 for Range of Investments; Eightcap earns 3.5 stars and ranks #41. If you value a wider selection—especially direct stocks and actual crypto—OANDA has the edge, while Eightcap covers the essentials for CFD-focused traders.
Feature |
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Forex Trading (Spot or CFDs) | Yes | Yes |
Tradeable Symbols (Total) | 4172 | 800 |
Forex Pairs (Total) | 69 | 56 |
U.S. Stock Trading (Non CFD) | Yes | No |
Int'l Stock Trading (Non CFD) | Yes | No |
Social Trading / Copy Trading | Yes | Yes |
Cryptocurrency (Physical) | Yes | No |
Cryptocurrency (Derivative) | 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 vs Eightcap: Both brokers offer free demo (paper) trading, web-based and Windows desktop platforms, and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). OANDA also provides a proprietary, in-house platform, while Eightcap relies on third-party platforms. Copy trading is available at both, though neither connects to DupliTrade or ZuluTrade. Each broker lets you place trades directly from charts.
For charting tools, OANDA lists 74 drawing tools versus Eightcap’s 15; indicator counts weren’t specified for either. Watchlists are customizable, with OANDA offering 6 data columns and Eightcap 7. Both earn 4 stars for Trading Platforms and Tools, but OANDA ranks higher in ForexBrokers.com’s review (#15 of 63) than Eightcap (#39 of 63), which may matter if you prioritize platform features and flexibility.
Feature |
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Virtual Trading (Demo) | Yes | Yes |
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) | Yes | Yes |
DupliTrade | No | No |
ZuluTrade | No | No |
Charting - Indicators / Studies (Total) | 89 | 30 |
Charting - Drawing Tools (Total) | 74 | 15 |
Charting - Trade From Chart | Yes | Yes |
Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Eightcap both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, 30 technical indicators, trendline drawing, multiple time frames (including intraday), and auto-saving for chart drawings. Whether you’re tracking forex pairs or other markets, both apps cover the core charting and alert tools most traders expect.
The main difference is watchlist syncing across devices: Eightcap syncs your mobile watchlists with your online account, while OANDA does not. For overall quality, OANDA’s mobile app earns 5 stars and ranks #7 out of 63 brokers at ForexBrokers.com, compared with Eightcap’s 4 stars and #39 ranking. If cross-device watchlist syncing matters most, choose Eightcap; if you want a higher-rated mobile trading experience, OANDA stands out.
Feature |
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Android App | Yes | Yes |
Apple iOS App | Yes | Yes |
Mobile Alerts - Basic Fields | Yes | Yes |
Watchlist Syncing | No | Yes |
Mobile Charting - Indicators / Studies | 30 | 30 |
Mobile Charting - Draw Trendlines | Yes | Yes |
Mobile Charting - Multiple Time Frames | Yes | Yes |
Mobile Charting - Drawings Autosave | Yes | Yes |
Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In this OANDA vs Eightcap research comparison, both brokers deliver daily market commentary, an economic calendar, and sentiment tools that show long/short positioning. OANDA pulls ahead by offering forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and by providing Autochartist tools for technical and fundamental analysis—features Eightcap does not include. Neither broker offers Trading Central, TipRanks, or Acuity Trading tools.
Ratings reflect the gap: OANDA earns 5 stars for Research and ranks #5 out of 63 brokers at ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #40. If you want premium news and Autochartist-driven insights, OANDA is the stronger pick; if you only need the basics like commentary, calendars, and sentiment, Eightcap may suffice.
Feature |
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Daily Market Commentary | Yes | Yes |
Forex News (Top-Tier Sources) | Yes | No |
Autochartist | Yes | No |
Trading Central (Recognia) | No | No |
Social Sentiment - Currency Pairs | Yes | Yes |
TipRanks | No | No |
Signal Centre (Acuity Trading) | No | No |
Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both OANDA and Eightcap deliver forex and CFD education with at least 10 learning pieces, including articles, videos, and archives. Each broker provides 10+ beginner videos and a searchable archive of recorded webinars, plus an investor dictionary with 50+ trading terms—helpful for new traders building a foundation. The key differences: OANDA hosts ongoing live client webinars (at least monthly) and offers 10+ advanced trading videos, while Eightcap does not run regular live webinars and lacks a comparable library of advanced videos.
These gaps show up in the scores: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, whereas Eightcap holds 3.5 stars and ranks #40. If you want steady live instruction and room to grow into advanced topics, OANDA is the stronger choice. If you mainly want beginner-friendly lessons and on-demand videos without live sessions, Eightcap can still cover the basics.
Feature |
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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 |
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.
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Overall Rating |
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Trust Score | 93 | 85 |
Range of Investments |
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Research |
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Mobile Trading |
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While both OANDA and Eightcap provide the option to trade cryptocurrency derivatives, only OANDA offers the ability to purchase actual, delivered cryptocurrencies, making it a more versatile online broker for investors looking to directly own digital assets.
OANDA and Eightcap both provide a range of deposit and withdrawal options such as PayPal, Skrill, Visa/Mastercard, and bank wires; however, only OANDA offers the additional convenience of ACH or SEPA transfers, setting it apart in terms of flexibility for fund transfers.
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 5Overall Rating | OANDA | Eightcap | |
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Overall Rating |
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Range of Investments |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 93 | 85 | |
Winner | check_circle | ||
Review | OANDA Review | Eightcap Review |
Broker Screenshots | OANDA | Eightcap | |
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Broker Gallery (click to expand) |
Regulation | OANDA | Eightcap | |
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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 | 1 |
Tier-1 Licenses (Highly Trusted) | OANDA | Eightcap | |
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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 | |
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Kenya (CMA Authorised) | |||
Israel (ISA Authorised) | No | No | |
South Africa (FSCA Authorised) | No | No | |
UAE (DFSA/Central Bank Authorised) | No | No | |
India (SEBI Authorised) | No | No | |
Jordan (JSC Authorised) |
Investments | OANDA | Eightcap | |
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Forex Trading (Spot or CFDs) | Yes | Yes | |
Tradeable Symbols (Total) | 4172 | 800 | |
Forex Pairs (Total) | 69 | 56 | |
U.S. Stock Trading (Non CFD) | Yes | No | |
Int'l Stock Trading (Non CFD) | Yes | No | |
Social Trading / Copy Trading | Yes | Yes | |
Cryptocurrency (Physical) | Yes | No | |
Cryptocurrency (Derivative) | 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 | 1.69 | 1.0 | |
All-in Cost EUR/USD - Active | 1.69 | 0.76 | |
Active Trader or VIP Discounts | Yes | No | |
Inactivity Fee | Yes | No | |
Execution: Agency Broker | No | Yes | |
Execution: Market Maker | Yes | Yes |
Funding | OANDA | Eightcap | |
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Minimum Deposit | $0 | $100 | |
PayPal (Deposit/Withdraw) | Yes | Yes | |
Skrill (Deposit/Withdraw) | Yes | Yes | |
Visa/Mastercard (Credit/Debit) | Yes | Yes | |
Bank Wire (Deposit/Withdraw) | Yes | Yes | |
ACH or SEPA Transfers | Yes | No |
Trading Platforms | 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) | Yes | Yes | |
cTrader | No | No | |
DupliTrade | No | No | |
ZuluTrade | No | No |
Trading Tools | OANDA | Eightcap | |
---|---|---|---|
Virtual Trading (Demo) | Yes | Yes | |
Alerts - Basic Fields | Yes | Yes | |
Watchlists - Total Fields | 6 | 7 | |
Charting - Indicators / Studies (Total) | 89 | 30 | |
Charting - Drawing Tools (Total) | 74 | 15 | |
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 Alerts - Basic Fields | Yes | Yes | |
Mobile Watchlist | Yes | Yes | |
Watchlist Syncing | No | Yes | |
Mobile Charting - Indicators / Studies | 30 | 30 | |
Mobile Charting - Draw Trendlines | Yes | Yes | |
Mobile Charting - Multiple Time Frames | Yes | Yes | |
Mobile Charting - Drawings Autosave | Yes | Yes | |
Mobile Economic Calendar | Yes | Yes |
Research | OANDA | Eightcap | |
---|---|---|---|
Daily Market Commentary | Yes | Yes | |
Forex News (Top-Tier Sources) | Yes | No | |
Autochartist | Yes | No | |
Trading Central (Recognia) | No | No | |
TipRanks | No | No | |
Social Sentiment - Currency Pairs | Yes | Yes | |
Economic Calendar | Yes | Yes |
Education | OANDA | Eightcap | |
---|---|---|---|
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 | OANDA | Eightcap | |
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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 | |
Review | OANDA Review | Eightcap Review |
Overall | OANDA | Eightcap | |
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Overall Rating |
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Commissions & Fees |
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Range of Investments |
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Platforms & Tools |
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Mobile Trading |
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Research |
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Education |
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Trust Score | 93 | 85 | |
Winner | check_circle | ||
Review | OANDA Review | Eightcap Review |