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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When comparing the online brokerage firms Saxo and Eightcap, several key differences emerge, especially in terms of trust and regulation. Founded in 1992, Saxo is not only a well-established player but also operates as a bank. This firm holds an impressive seven Tier-1 licenses, which are the highest category of regulatory trust according to ForexBrokers.com. Saxo also possesses a Tier-2 license, distinguishing it further in the regulatory landscape. These factors contribute to Saxo's outstanding Trust Score rating of 99 out of 99, reflecting its status as a highly trusted financial institution.
In contrast, Eightcap, founded in 2009, does not operate as a bank but maintains a solid presence in the financial market. While it doesn’t have any Tier-2 licenses, it does hold three Tier-1 licenses. This gives Eightcap a respectable Trust Score of 85 out of 99, showcasing it as a trusted broker, albeit not as high as Saxo on the trust scale. Both companies are privately held and not publicly traded, but their regulatory profiles differ significantly, with Saxo clearly leading in trustworthiness and regulatory credentials.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Year Founded | 1992 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
If you’re choosing between Saxo and Eightcap on commissions and fees, Saxo takes the edge for active and high‑balance traders. Saxo is rated 5/5 stars and ranks #9 out of 63 for Commissions and Fees, while Eightcap is rated 4/5 stars and ranks #27 out of 63. Both are competitive, but Saxo’s tiered structure can unlock lower costs for high‑volume trading.
Saxo is commission‑free for forex (it earns from the spread), with one exception: if you trade under 50,000 units in a month, there’s a $3 per‑side ticket fee. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 (Platinum), and 0.9 (VIP), with minimums roughly 0.2 pips lower. Classic pricing is slightly above the industry average, while Platinum and VIP are closer — and for very active traders with larger balances, overall pricing can be among the lowest. Account minimums: Classic $0, Platinum $200,000 (AUD 300,000 in Australia), and VIP $1,000,000 or via loyalty upgrade. Saxo also waives custody fees for share trading if you opt into securities lending.
Eightcap has two models: a spread‑only Standard account and a commission‑based Raw account. On Raw, Eightcap lists a 0.06‑pip average spread on EUR/USD; adding the $3.50 per‑side commission brings the all‑in cost to about 0.76 pips — just under the 0.8‑pip industry average. Overall, Eightcap is slightly pricier than the very cheapest brokers but remains competitive for everyday forex trading.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 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 vs Eightcap: when it comes to range of investments, Saxo offers far more choice. Saxo lists about 70,000 tradeable symbols and 190 forex pairs, and lets clients buy exchange-traded shares on U.S. and international markets (for example, Apple or Vodafone). Eightcap offers around 803 symbols and 55 forex pairs and does not provide access to exchange-traded shares. Both brokers support forex trading (as CFDs or spot, depending on the platform), offer copy trading, and provide cryptocurrency exposure via CFDs—not actual coins.
Independent ratings reflect this gap. For Range of Investments, ForexBrokers.com scores Saxo 5 out of 5 stars and ranks it #3 out of 63 brokers, while Eightcap earns 3.5 out of 5 stars and ranks #41. If you want the widest selection across markets, Saxo is the stronger pick; if you need a leaner lineup with forex and crypto CFDs plus copy trading, Eightcap may still fit.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 803 |
| Forex Pairs (Total) | 190 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| 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 vs Eightcap: both brokers offer free demo (paper) accounts, copy trading, and the ability to trade directly from charts. Saxo provides a proprietary platform suite with a Windows desktop download and a web-based browser platform. Eightcap also offers Windows desktop and web access, but relies on third‑party platforms, notably MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Saxo does not support MT4 or MT5, while Eightcap does. Both include charting tools and watchlists for everyday use.
For trading platforms and tools, ForexBrokers.com rates Saxo 5 stars and ranks it #1 out of 63 brokers, while Eightcap earns 4 stars and ranks #39. Choose Saxo if you want an in-house platform experience across desktop and web; pick Eightcap if you prefer the familiar MetaTrader ecosystem with MT4 and MT5.
| 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 | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and Eightcap both offer mobile trading apps for iPhone and Android. Each app supports price alerts and keeps your watchlists synced with your online account, so changes on one device appear on the other. Both apps let you draw trendlines on charts, and your drawings are saved automatically.
For charting depth, Saxo provides 64 technical studies compared with 30 at Eightcap. Independent ratings reflect this edge: Saxo’s mobile app is rated 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, while Eightcap’s app is rated 4 stars and ranks #39. If advanced chart tools and a top-rated experience matter most, Saxo is the stronger pick; if you just need the essentials, Eightcap still covers the basics well.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo vs Eightcap for market research: Saxo earns 5 stars and ranks #1 out of 63 brokers for Research at ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #40. Both brokers publish daily market commentary, provide an economic calendar, and include sentiment tools that show the ratio of long and short positions across instruments.
The key differences are in news and tools. Saxo streams forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, and it includes Autochartist for technical pattern ideas. Eightcap does not offer those news feeds or Autochartist, but it does provide research from Acuity Trading (e.g., Signal Centre). Neither broker includes Trading Central or TipRanks. If premium news and pattern scanning matter most, Saxo has the edge; if you want Acuity-powered trading signals in a simpler setup, Eightcap can cover the basics.
| 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.
For beginners comparing Saxo vs Eightcap education, both brokers run online webinars at least once a month and offer at least 10 beginner-friendly videos that explain trading basics. That means you can learn the core ideas—platform setup, order types, charts, and risk—through step-by-step videos and live sessions, whichever broker you choose.
The key difference shows up as you move beyond the basics. Saxo also provides 10+ advanced videos for experienced traders, while Eightcap does not. Reflecting that, Saxo holds a 5-star Education rating and ranks #13 out of 63 brokers for Education at ForexBrokers.com; Eightcap is rated 3.5 stars and ranks #40. If you want a beginner path with room to grow into advanced topics, Saxo offers more depth. If you mainly need starter lessons and regular webinars, Eightcap can still fit the bill.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Webinars | Yes | Yes |
| 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 #38.
Saxo is an exclusive 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 | 85 |
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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 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
| Broker Screenshots | Saxo | Eightcap | |
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| Regulation | Saxo | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| 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 | 0 | |
| 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 (SFC 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 SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 803 | |
| Forex Pairs (Total) | 190 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| 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 | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Inactivity Fee | Yes | No | |
| 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 | Yes | Yes | |
| 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) | 64 | 30 | |
| 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 | 30 | |
| 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 | Yes | |
| 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 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
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