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Eightcap vs RoboForex (RoboMarkets) 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Eightcap better than RoboForex (RoboMarkets)? In our analysis of 23 international regulators across 39 of the best forex brokers, Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. RoboForex is considered average-risk, with an overall Trust Score of 69 out of 99. Learn more about Trust Score.

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Overall RatingEightcapRoboForex (RoboMarkets)IG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars3.5 Stars5 Stars
Offering of Investments4 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score876999
Winnercheck_circle
ReviewEightcap ReviewIG Review
RegulationEightcapRoboForex (RoboMarkets)IG
Trust Score876999
Year Founded200920091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses207
Tier-2 Licenses112
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)EightcapRoboForex (RoboMarkets)IG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)EightcapRoboForex (RoboMarkets)IG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)EightcapRoboForex (RoboMarkets)IG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoYesNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)YesNoNo
InvestmentsEightcapRoboForex (RoboMarkets)IG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)3261200019537
Forex Pairs (Total)4536100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostEightcapRoboForex (RoboMarkets)IG
Average Spread EUR/USD - Standard1.0 (Aug 2022)1.4 (Jan 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.76N/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerYesYesYes
FundingEightcapRoboForex (RoboMarkets)IG
Minimum Initial Deposit$100$100£250.00
PayPal (Deposit/Withdraw)YesYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsEightcapRoboForex (RoboMarkets)IG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsEightcapRoboForex (RoboMarkets)IG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingEightcapRoboForex (RoboMarkets)IG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchEightcapRoboForex (RoboMarkets)IG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistNoNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarNoYesYes
EducationEightcapRoboForex (RoboMarkets)IG
Has Education - Forex or CFDsYesYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsEightcapRoboForex (RoboMarkets)IG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewEightcap ReviewIG Review
OverallEightcapRoboForex (RoboMarkets)IG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars3.5 Stars5 Stars
Offering of Investments4 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research3.5 Stars3.5 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score876999
Winnercheck_circle
ReviewEightcap ReviewIG Review
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Eightcap vs RoboForex (RoboMarkets) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Eightcap vs RoboForex (RoboMarkets).

Does Eightcap or RoboForex (RoboMarkets) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Eightcap or RoboForex (RoboMarkets) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Eightcap holds 2 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 0. Both Eightcap and RoboForex (RoboMarkets) hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Eightcap earned a higher Trust Score than RoboForex (RoboMarkets).

Which trading platform is better: Eightcap or RoboForex (RoboMarkets)?

To compare the trading platforms of both Eightcap and RoboForex (RoboMarkets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Eightcap and RoboForex (RoboMarkets) offer MetaTrader 4 (MT4).Eightcap and RoboForex (RoboMarkets) both offer copy trading.

How many forex pairs and CFDs are available to trade?

Eightcap provides traders 45 currency pairs (e.g., EUR/USD) compared to RoboForex (RoboMarkets)'s 36 available pairs. Forex pairs aside, RoboForex (RoboMarkets) offers traders access to 12000 CFDs while Eightcap has 326 available CFDs, a difference of 11674.

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Can I trust RoboForex (RoboMarkets)?

RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust).

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Is RoboForex (RoboMarkets) good?

RoboForex, also known as RoboMarkets, is a maturing brand that offers a stock trading app as well as 12,000 symbols available across its MetaTrader and cTrader platforms. However, RoboForex's Trust Score is below-average, as it currently holds only two regulatory licenses.

Overall winner: IG

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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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