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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: 85
  • Tradeable Symbols (Total): 800

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 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 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 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

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 logoOANDA
Eightcap logoEightcap
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.69 info 1.0 info
All-in Cost EUR/USD - Active info 1.69 info 0.76
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info No
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 OANDA logoOANDA
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 800
Forex Pairs (Total) info 69 56
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes info
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) 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 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 OANDA logoOANDA
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7

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

Forex trading apps

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 OANDA logoOANDA
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 OANDA logoOANDA
Eightcap logoEightcap
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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

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 #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 logoOANDA
Eightcap logoEightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 85
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 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?

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.

What funding options does each broker offer?

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.




announcementPlease 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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Compare

0 of 5
Overall Rating OANDA Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 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 85
Winner check_circle
Review OANDA Review Eightcap Review
Broker Screenshots OANDA Eightcap
Broker Gallery (click to expand) info
Regulation OANDA Eightcap
Trust Score info 93 85
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 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
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 (SFC 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/Central Bank Authorised) info No No
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 800
Forex Pairs (Total) info 69 56
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes info
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) 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 info 1.69 info 1.0 info
All-in Cost EUR/USD - Active info 1.69 info 0.76
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes No
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding OANDA Eightcap
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info No
Trading Platforms OANDA Eightcap
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA Eightcap
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research OANDA Eightcap
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education OANDA Eightcap
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs OANDA Eightcap
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review Eightcap Review
Overall OANDA Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 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 85
Winner check_circle
Review OANDA Review Eightcap Review
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