Written by ForexBrokers.com
In this head to head comparison of Saxo vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Saxo vs. Eightcap: Saxo was founded in 1992, while Eightcap launched in 2009. Neither broker is publicly traded. Saxo is a bank; Eightcap is not. In terms of regulation, Saxo holds 7 Tier-1 licenses plus 1 Tier-2 license, whereas Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license.
According to ForexBrokers.com, Trust Scores range as follows: 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. Saxo scores 99/99 (highly trusted). Eightcap scores 87/99 (trusted). In short, Saxo has a broader top-tier regulatory footprint and bank status, while Eightcap earns a solid trusted rating with fewer top-tier licenses.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
Saxo offers excellent pricing overall, especially for active traders, high-volume traders, and clients who can keep larger account balances. Its forex trading is commission-free, with costs built into the spread, though traders who trade less than 50,000 units per month pay a $3 ticket fee per side. In recent pricing data, Saxo’s EUR/USD average spread was 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP, making its higher-tier accounts closer to the industry average and its Classic account a bit higher. Saxo is rated 5 stars and ranked #8 out of 36 brokers for commissions and fees.
Eightcap gives traders a choice between a commission-based Raw account and a spread-only Standard account. On the Raw account, the average spread is listed at 0.06 pips, but once the $3.50 per-side commission is included, the all-in cost is about 0.76 pips, which is just below the industry average of 0.8 pips. Overall, Eightcap is competitive, but it is still a little more expensive than the cheapest forex brokers. Eightcap is rated 4.5 stars and ranked #20 out of 36 brokers for commissions and fees.
In a direct comparison, Saxo comes out ahead of Eightcap on commissions and fees, mainly because of its very strong pricing for higher-tier and active traders. Eightcap is still a solid choice for traders who want low trading costs and simple account options, but Saxo has the edge overall for value, especially if you qualify for Platinum or VIP pricing.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo offers a much wider range of investments than Eightcap, making it the stronger choice for traders who want access to more markets and asset types. Saxo provides around 71,000 tradeable symbols, including 190 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both brokers support forex trading and cryptocurrency CFDs, but neither offers copy trading or the ability to buy actual cryptocurrency. Saxo also stands out by offering exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone, while Eightcap does not offer this.
In independent ratings, Saxo scores 5 out of 5 for Range of Investments and ranks #3 out of 36 brokers at ForexBrokers.com, compared with Eightcap’s 3.5 out of 5 and #29 ranking. For investors looking for a broader selection of markets, Saxo has the clear advantage, while Eightcap may suit traders who only need a smaller, more focused product range.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 803 |
| Forex Pairs (Total) | 190 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | 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.
Saxo and Eightcap both give traders a choice of free demo accounts, desktop software for Windows, and web-based platforms, so each broker works well if you want to trade from a computer or in your browser. Both also let you place trades directly from a chart, which can make fast decisions easier. Neither broker offers copy trading, so if you want to follow other traders automatically, you will need to look elsewhere.
The biggest difference is platform choice. Saxo uses its own in-house trading platform, while Eightcap does not. On the other hand, Eightcap supports MetaTrader 4 and MetaTrader 5, which may appeal to traders who prefer those popular third-party tools. In independent ratings, Saxo comes out ahead with 5 out of 5 stars for Trading Platforms and Tools and a #3 ranking out of 36 brokers, compared with Eightcap’s 4 stars and #31 ranking.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Eightcap both make it easy to trade from a phone, with iPhone and Android apps, price alerts, and watchlist syncing between the mobile app and online account. Each app also lets you draw trendlines on charts, and both save those drawings automatically, which is helpful if you switch between devices. For everyday mobile trading needs, the two brokers cover the core features most traders look for.
The main difference is in charting and overall app quality. Eightcap offers 100 technical studies in its mobile app, while Saxo provides 64. Even so, Saxo comes out ahead in third-party ratings, earning 5 out of 5 stars for mobile trading apps and ranking #3 out of 36 brokers at ForexBrokers.com. Eightcap is rated 4 out of 5 stars and ranks #31, so while both apps are useful, Saxo has the stronger mobile trading experience overall.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 64 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo has a clear edge over Eightcap for market research. Both brokers provide daily market commentary, a sentiment tool, and an economic calendar, so each gives traders the basics for tracking news and market mood. But Saxo goes further with forex news from top names such as Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for chart and pattern analysis. It also earns a 5-star Research rating and ranks #1 out of 36 brokers at ForexBrokers.com.
Eightcap covers some of the same ground, including daily commentary, sentiment data, and an economic calendar, but its research lineup is thinner overall. It does not offer top-tier forex news or Autochartist, though it does include Acuity Trading tools such as Signal Centre, which Saxo lacks. Even so, Eightcap’s 3.5-star Research rating and #33 ranking show that it trails Saxo for traders who want deeper market research support.
| Feature |
Saxo
|
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.
When it comes to beginner-friendly education, Saxo comes out ahead of Eightcap. Saxo offers forex and CFD learning content, monthly online client webinars, and both beginner and advanced video lessons, giving new traders more ways to learn at their own pace. That wider mix of lessons is reflected in its top marks for Education, with a 5-star rating and a #12 ranking out of 36 brokers by ForexBrokers.com.
Eightcap also gives beginners a helpful starting point, including at least 10 beginner trading videos and forex or CFD education materials. However, it does not offer monthly educational webinars, and it falls short on advanced video content for more experienced traders. With a 3.5-star Education rating and a #31 ranking out of 36, Eightcap provides a more limited learning experience overall compared with Saxo.
| Feature |
Saxo
|
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 Saxo is better than Eightcap. Saxo finished with an overall rank of #3, while Eightcap finished with an overall rank of #30.
Saxo is a multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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Eightcap
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| Trust Score | 99 | 87 |
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Saxo vs Eightcap: neither broker lets you buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFD trading.
Saxo vs Eightcap: both brokers allow bank wire deposits/withdrawals and do not support ACH or SEPA, but Eightcap additionally supports PayPal and Skrill while Saxo 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 | Saxo | Eightcap | |
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| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
| Broker Screenshots | Saxo | Eightcap | |
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| Regulation | Saxo | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 87 | |
| Year Founded | 1992 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | Saxo | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| 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) | Saxo | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 71000 | 803 | |
| Forex Pairs (Total) | 190 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | 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 | Saxo | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.0 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 61 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 64 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | 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 | Saxo | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Saxo Review | Eightcap Review |
| Overall | Saxo | Eightcap | |
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| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
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