Written by ForexBrokers.com
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.
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
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing commissions and fees, Eightcap comes out a little cheaper than OANDA for most active forex traders, though neither broker is among the very lowest-cost options. OANDA’s pricing is generally on the high side, with its average EUR/USD spread at 1.61 pips on its standard pricing in July 2024. Its core pricing can lower the spread, but it also adds a commission of $5 per $100,000 traded each way, and the total cost still ends up only slightly better than the standard account. OANDA is rated 4 stars and ranked #32 out of 36 for commissions and fees by ForexBrokers.com.
Eightcap offers two main pricing choices: a spread-only Standard account and a commission-based Raw account. On the Raw account, Eightcap lists an average spread of 0.06 pips, and after the $3.50 per-side commission is added, the all-in cost is about 0.76 pips, which is close to the industry average and generally better than OANDA’s typical pricing. Eightcap is rated 4.5 stars and ranked #20 out of 36 for commissions and fees by ForexBrokers.com.
In simple terms, Eightcap tends to be the better pick for traders focused on lower trading costs, while OANDA may appeal more to those who value its account features and execution setup. OANDA does offer very small trade sizes and volume rebates for eligible active traders, but its spreads are usually wider overall. If keeping commissions and fees low is the main goal, Eightcap has the edge.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing OANDA vs Eightcap for range of investments, OANDA offers a much wider selection overall. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while Eightcap provides 803 symbols and 55 forex pairs. Both brokers support forex trading as a CFD or spot contract, but OANDA gives traders more ways to diversify thanks to its larger product list.
OANDA also stands out for offering exchange traded securities on both U.S. and international exchanges, copy trading, and the option to buy actual cryptocurrency as well as crypto CFDs. Eightcap offers crypto CFDs too, but it does not provide exchange traded securities, copy trading, or direct crypto ownership. This broader menu helped OANDA earn 4.5 out of 5 stars for Range of Investments and a #20 ranking, compared with Eightcap’s 3.5 stars and #31 ranking.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 803 |
| Forex Pairs (Total) | 69 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 and Eightcap both give traders a solid mix of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, and access to MetaTrader 4 and MetaTrader 5. Both also let users trade directly from charts, which can make order entry faster and easier. Each broker earns 4 out of 5 stars for Trading Platforms and Tools, so at a glance they look fairly similar for everyday traders who want flexible ways to place trades and test strategies.
The key differences come down to extras. OANDA offers its own in-house platform and supports copy trading, while Eightcap does not offer either feature. That gives OANDA an edge for traders who want a broker-built platform or the option to follow other traders. This also shows up in industry rankings, where OANDA places #16 out of 36 brokers for Trading Platforms and Tools, compared with Eightcap at #34 out of 36.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Eightcap both make it easy to trade on the go, since each broker offers iPhone and Android apps along with price alerts for stocks or forex. Both mobile apps also let users draw trendlines on charts and automatically save those drawings, which is helpful for keeping chart work intact across sessions. The main difference is in watchlist syncing: Eightcap lets watchlists update between the mobile app and online account, while OANDA does not.
When it comes to charting tools, Eightcap has the edge with 100 technical studies in its mobile app, compared with 30 at OANDA. Still, OANDA earns a higher mobile trading rating, with 5 stars versus Eightcap’s 4 stars, and it also ranks much higher in ForexBrokers.com’s mobile trading apps category, placing #7 out of 36 brokers compared with Eightcap at #34. For traders who want stronger charting depth, Eightcap stands out, while OANDA looks better overall for mobile trading app quality.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, OANDA has the edge over Eightcap. Both brokers provide daily market commentary, a sentiment tool, and an economic calendar, so traders can keep track of news, market mood, and upcoming events. However, OANDA goes further by offering forex news from leading sources like Bloomberg, Reuters, and Dow Jones, plus research tools from Autochartist, which can help spot potential trading setups. Eightcap does not offer top-tier news feeds or Autochartist, though it does include research from Acuity Trading.
These differences are reflected in their overall research scores and rankings. OANDA earns 5 out of 5 stars for Research and ranks #4 out of 36 brokers at ForexBrokers.com, while Eightcap scores 3.5 out of 5 stars and ranks #35. In simple terms, OANDA gives traders more research depth and more third-party insights, making it the stronger choice for market research.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning materials, OANDA comes out ahead of Eightcap. OANDA offers forex and CFDs education, runs online educational client webinars at least once a month, and provides at least 10 beginner videos plus at least 10 advanced videos for more experienced traders. It is rated 5 stars for Education and ranks #18 out of 36 brokers in the ForexBrokers.com Education category, which points to a stronger all-around learning experience.
Eightcap also gives beginners useful support, including at least 10 beginner educational videos and forex or CFDs education materials. However, it does not offer monthly educational webinars, and it does not meet the same level of advanced video content as OANDA. With a 3.5-star Education rating and a #33 ranking out of 36 brokers, Eightcap appears to offer a narrower range of educational resources overall.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #14, 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.
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Eightcap
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| Trust Score | 92 | 87 |
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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.
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.
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 5| Overall Rating | OANDA | Eightcap | |
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| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
| Broker Screenshots | OANDA | Eightcap | |
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| Regulation | OANDA | Eightcap | |
|---|---|---|---|
| Trust Score | 92 | 87 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA 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 | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 803 | |
| Forex Pairs (Total) | 69 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.68 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 1.69 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | OANDA | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 100 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Eightcap | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | OANDA Review | Eightcap Review |
| Overall | OANDA | Eightcap | |
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| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
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