Written by ForexBrokers.com
In this head to head comparison of Eightcap vs RoboForex, 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.
Both Eightcap and RoboForex were established in 2009, and neither is a publicly traded company or a bank. When it comes to regulation, these online brokers differ in their levels of trust and licensing. Eightcap holds three Tier-1 licenses, which is indicative of a high level of trust, while RoboForex holds one Tier-1 license, suggesting a more moderate trustworthiness. Additionally, neither broker possesses any Tier-2 licenses, which ForexBrokers.com classifies as trusted but not as highly as Tier-1.
Considering their Trust Score ratings from ForexBrokers.com, Eightcap scores an 85 out of 99, placing it in the "trusted" category. In contrast, RoboForex has a Trust Score rating of 73, which falls into the "average risk" category. These ratings reflect Eightcap’s stronger regulatory standing compared to RoboForex, offering potential users insights into the relative trust they might place in each broker.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Eightcap provides a choice of two account types across its globally licensed entities in regions like Australia, the Bahamas, the U.K., and Cyprus. Customers can opt for the commission-based Raw account or the spread-only Standard account, impacting the fees they'll encounter. For their Raw account, traders experience an appealing average spread of 0.06 pips; however, once the per-trade commission of $3.50 is included, the cost rounds out to approximately 0.76 pips. This positions Eightcap just under the industry average of 0.8 pips, though not among the very lowest-cost forex brokers.
Alternatively, RoboForex, with its average EUR/USD spread of 1.3 pips on its Procent and Pro accounts, offers higher trading costs. This is significantly steeper compared to Eightcap's offering, making it less appealing for traders prioritizing cost-effectiveness. When assessing the overall expense of trading, RoboForex doesn't shine as brightly in keeping fees competitive.
In terms of ratings for commissions and fees, Eightcap earns 4 out of 5 stars and ranks 26th out of 63 brokers according to ForexBrokers.com, reflecting its competitive pricing structure. On the other hand, RoboForex achieves a rating of 3.5 stars, placing it at the 55th position in the same category, signifying higher relative costs when compared to Eightcap and other brokers in the market.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.0 | 1.3 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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.
When comparing Eightcap and RoboForex for their range of investment options, both brokers offer CFD or spot contract forex trading, yet differ in their number of tradeable symbols and forex pairs. Eightcap provides access to 800 symbols, including 56 forex pairs, while RoboForex stands out with a broader selection, offering 8,400 symbols but slightly fewer forex pairs at 28. Both platforms lack the capability to trade exchange-traded securities on U.S. or international exchanges, like Apple or Vodafone shares, emphasizing their focus on CFDs and derivatives. Additionally, both brokerage firms support copy trading and enable cryptocurrency derivatives trading instead of actual cryptocurrency purchases.
Despite similarities in some offerings, RoboForex's extensive variety of tradeable symbols gives it a competitive edge. It earns a higher rating of 4.5 stars for its range of investments, compared to Eightcap’s 3.5 stars. This distinction is further highlighted by their rankings on ForexBrokers.com, where RoboForex is ranked 20th, surpassing Eightcap's 40th position out of 63 brokers. Thus, for investors looking for a broader selection of symbols and a higher rating in the range of investments category, RoboForex offers a more compelling choice.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 8400 |
| Forex Pairs (Total) | 56 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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.
When comparing the trading platforms and tools of Eightcap and RoboForex, both offer a comprehensive range of options suitable for traders of all levels. They each provide the popular MetaTrader 4 and MetaTrader 5 platforms, available as both Windows-based desktop downloads and web-based trading platforms. This versatility ensures that traders can engage with the platform of their choice, regardless of their preferred device. Moreover, both brokers support simulated trading through free virtual demo accounts, allowing users to practice without financial risk. While neither broker offers in-house proprietary platforms or supports DupliTrade and ZuluTrade, they do include copy trading features, further widening the spectrum of trading choices available to users.
Eightcap and RoboForex deliver comparably solid charting tools, each offering 15 drawing tools for technical analysis and enabling direct trading from stock charts. Watch lists across both platforms feature seven columns, providing traders with extensive data at their fingertips. Despite these similarities, some distinctions exist in their industry rankings. Eightcap edges slightly ahead, ranked 38th by ForexBrokers.com for Trading Platforms and Tools, compared to RoboForex's 43rd position. Nevertheless, both platforms achieve a commendable four out of five-star rating, highlighting their capability to meet the expectations of traders seeking reliable and user-friendly trading environments.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and RoboForex both provide mobile trading apps for iPhone and Android devices, catering to traders on the go. Both platforms offer essential features like stock or forex price alerts, 30 technical studies for charting, the ability to draw trendlines, view multiple time frames, and auto-save drawings. Additionally, users can create watchlists with real-time quotes. A standout feature of Eightcap over RoboForex is its watchlist symbol syncing, allowing changes made on the mobile app to reflect on the user's online account seamlessly, a feature RoboForex does not offer.
In terms of ratings, both Eightcap and RoboForex receive four out of five stars for their mobile trading apps. However, Eightcap holds a slightly higher ranking at #38 compared to RoboForex's #43 in the Mobile Trading Apps category on ForexBrokers.com. This indicates a marginal preference for Eightcap among their users, possibly due to the added convenience of its syncing feature.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
Both Eightcap and RoboForex offer daily market commentary, providing traders with regular insights into market movements. While RoboForex enriches its offerings with forex news from top-tier sources like Bloomberg and Reuters, Eightcap does not provide this feature. When it comes to advanced tools, RoboForex stands out by incorporating Trading Central’s technical analytics, whereas Eightcap does not offer tools from Trading Central or Autochartist. However, Eightcap compensates with a sentiment-based trading tool, allowing traders to see a ratio of long or short positions across currency pairs, a feature not available with RoboForex.
Both brokers provide traders with an economic calendar to track global news events, helping users stay informed about important economic changes. RoboForex also offers research tools from Acuity Trading, such as the Signal Centre, which Eightcap lacks. With identical research ratings of 3.5 stars, RoboForex secures a marginally better spot, ranked 37th in the Research category by ForexBrokers.com, compared to Eightcap's rank of 39th among 63 brokers.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When evaluating the educational resources for beginners provided by online brokers, Eightcap stands out compared to RoboForex. For those new to trading forex or CFDs, Eightcap offers a comprehensive collection of educational materials. With a minimum of 10 articles, videos, and archived webinars focusing on forex and CFDs, beginners have ample content to explore. In contrast, RoboForex does not provide the same level of educational resources, lacking this breadth of material for novice traders.
In addition to accessible educational materials, Eightcap also excels in offering a searchable archive of previously recorded client webinars, enabling users to learn at their own pace. While RoboForex does not offer such an archive, it is worth noting that both brokers do not provide monthly live educational webinars. For beginner traders, Eightcap provides at least 10 educational videos tailored to those starting out, supplemented by a handy investor dictionary with definitions of over 50 trading terms. Although both brokers receive 3.5-star ratings for education from ForexBrokers.com, Eightcap ranks higher, coming in at #40 compared to RoboForex's #56, making it the more appealing choice for educational resources.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than RoboForex. Eightcap finished with an overall rank of #38, while RoboForex finished with an overall rank of #46.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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RoboForex
|
|---|---|---|
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| Trust Score | 85 | 73 |
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Both Eightcap and RoboForex offer the ability to buy cryptocurrency derivatives but do not provide options for purchasing actual (delivered) cryptocurrency.
In comparing online brokers Eightcap and RoboForex, both provide options to deposit or withdraw funds via PayPal, Skrill, Visa, Mastercard, and bank wires, yet RoboForex further diversifies by offering ACH or SEPA transfers, which Eightcap does not.
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 | Eightcap | RoboForex | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | RoboForex Review |
| Broker Screenshots | Eightcap | RoboForex | |
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| Regulation | Eightcap | RoboForex | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2009 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Eightcap | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | Eightcap | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 8400 | |
| Forex Pairs (Total) | 56 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | Eightcap | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | Yes |
| Trading Platforms | Eightcap | RoboForex | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Eightcap | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | Eightcap | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | RoboForex | |
|---|---|---|---|
| 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 | Eightcap Review | RoboForex Review |
| Overall | Eightcap | RoboForex | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | RoboForex Review |
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