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OANDA vs Eightcap 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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: 92
  • 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

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 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

When comparing OANDA vs. Eightcap for commissions and fees, both brokers sit in the middle of the pack rather than among the cheapest choices. OANDA earns 4 stars and ranks #30 out of 36 brokers for Commissions and Fees. Its trading costs are generally on the higher side, with average EUR/USD spreads of 1.61 pips on its default pricing in July 2024. OANDA does offer lower “core pricing” with a $5 per-side commission per $100,000 traded, but this account requires a $10,000 minimum deposit, and the all-in cost is only slightly better than the standard setup. A key plus is that OANDA allows very small trade sizes, down to 1 unit, and active traders may qualify for rebates through its Elite Trader program.

Eightcap comes out a bit stronger on pricing, with 4.5 stars and a #20 ranking out of 36 for Commissions and Fees. Its Raw account shows an average spread of 0.06 pips, and after adding the $3.50 per-side commission, the all-in cost is about 0.76 pips, which is close to the industry average. Eightcap also offers a spread-only Standard account, so traders can choose between commission-based and commission-free pricing depending on their style. Overall, Eightcap is the better pick if lower trading costs are a priority, while OANDA may appeal more to traders who value very small trade sizes and automated execution.

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 range of investments, OANDA offers more choice than Eightcap. OANDA gives clients access to 4,172 tradeable symbols and 69 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both brokers support forex trading as either a CFD or spot contract, and both include copy trading and cryptocurrency CFDs.

OANDA also stands out by offering exchange-traded securities on both U.S. and international exchanges, plus the option to buy actual cryptocurrency, not just crypto CFDs. Eightcap does not offer exchange-traded shares or delivered crypto. Reflecting this wider lineup, OANDA is rated 4.5 stars for Range of Investments and ranks #20 out of 36 brokers, compared with Eightcap’s 3.5 stars and #29 ranking.

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 give traders a wide range of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, copy trading, and access to MetaTrader 4 and MetaTrader 5. Each broker also lets you trade directly from charts, which can be helpful if you prefer placing orders while watching price action. In short, both platforms cover the basics well and should feel familiar to most beginners and active traders alike.

The main difference is that OANDA also offers its own in-house trading platform, while Eightcap does not. That can give OANDA an edge for traders who want something built specifically by the broker. Even so, both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, though OANDA ranks higher with ForexBrokers.com at #16 out of 36 brokers, compared with Eightcap at #31, suggesting OANDA has a slight advantage overall in this category.

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, so either broker gives traders a way to manage trades on the go. Each app includes stock or forex price alerts, 30 technical studies, trendline drawing, and auto-saving for chart drawings. A key difference is watchlist syncing: Eightcap lets watchlists in the mobile app sync with the client’s online account, while OANDA does not.

For mobile trading quality, OANDA comes out ahead. It earns a 5-star rating for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, compared with Eightcap’s 4-star rating and #31 ranking. If mobile features and overall app experience matter most, OANDA has the stronger edge, while Eightcap still covers the core tools most traders need.

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

OANDA stands out for market research thanks to its mix of daily market commentary, news from top-tier sources like Bloomberg and Reuters, Autochartist tools, sentiment data, and an economic calendar. It also earns a stronger overall research profile, with a 5-star rating and a #4 ranking out of 36 brokers from ForexBrokers.com. This gives traders a wider set of resources for following price moves, spotting patterns, and tracking important news events.

Eightcap also offers daily market commentary, sentiment tools, and an economic calendar, but its research offering is more limited overall. It does not include top-tier forex news or Autochartist, though it does provide Acuity Trading tools such as Signal Centre. With a 3.5-star research rating and a #33 ranking out of 36 brokers, Eightcap may suit traders who want a basic research setup, while OANDA offers a more complete package.

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

When comparing OANDA and Eightcap for beginner-friendly learning, OANDA comes out ahead overall. Both brokers offer forex and CFDs education with at least 10 learning pieces, and both run online educational client webinars at least once a month. They also each provide 10 or more beginner trading videos, so new traders can find useful starting points with either platform.

The bigger difference is in deeper learning content. OANDA also offers 10 or more advanced trading videos, while Eightcap does not meet that mark. That wider range helps explain why OANDA is rated 5 stars for Education and ranks #18 out of 36 brokers at ForexBrokers.com, compared with Eightcap’s 3.5-star Education rating and #31 ranking.

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 92 87
Range of Investments 4.5/5 Stars 3.5/5 Stars
Trading Fees 4/5 Stars 4.5/5 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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Overall Rating OANDA Eightcap
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 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 92 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 92 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 CMA 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 4.5/5 Stars
Range of Investments 4.5/5 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 92 87
Winner check_circle
Review OANDA Review Eightcap Review
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