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.
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.
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 and Eightcap both keep trading costs competitive, but they appeal to different kinds of traders. For commissions and fees, Saxo is rated 5/5 stars and ranked #8 out of 63 brokers by ForexBrokers.com, while Eightcap earns 4/5 stars and ranks #20 out of 63. Saxo tends to shine for high-volume and larger-balance clients, whereas Eightcap’s value depends on whether you choose its commission-based or spread-only account.
Saxo’s forex pricing is spread-only (no commission), with a caveat: if you trade under 50,000 units in a month, a $3 per side ticket fee applies. Average EUR/USD spreads (Nov 2023) were 1.1 pips on the Classic account, 1.0 on Platinum, and 0.9 on VIP; minimums ran about 0.2 pips tighter than those averages. Classic now has a $0 minimum deposit, Platinum requires $200,000, and VIP is $1,000,000; upgrades are also possible via Saxo’s loyalty program. Saxo also waives share-trading custody fees if you opt into securities lending.
Eightcap offers two choices: a spread-only Standard account or the commission-based Raw account. On Raw, the listed average EUR/USD spread is 0.06 pips; after adding the $3.50 per side commission, the all-in cost is about 0.76 pips—just under the 0.8-pip industry average. Overall, Eightcap is slightly pricier than the very cheapest forex brokers, but its structure is straightforward and can suit traders who prefer a low-spread, pay-per-trade model.
| 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 and Eightcap both let you trade forex as CFDs and spot, but their ranges differ a lot. Saxo lists about 71,000 tradeable symbols and 190 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. If you want a very wide selection across markets and currency pairs, Saxo provides far more choice; Eightcap narrows the menu to a focused lineup that still covers popular pairs and instruments.
For exchange-traded securities, Saxo lets you buy actual shares on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London). Eightcap does not offer real shares, focusing instead on derivatives. Both brokers support cryptocurrency CFDs, and neither offers delivered crypto. Copy trading is available at Eightcap but not at Saxo. Reflecting the breadth of their offerings, Saxo earns 5/5 stars and ranks #3 out of 63 brokers for Range of Investments, while Eightcap scores 3.5/5 stars and ranks #29. In short, Saxo suits investors seeking multi-asset access with real stocks, whereas Eightcap fits traders prioritizing CFDs and copy trading tools.
| 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 | 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 and Eightcap both offer free demo accounts for paper trading, along with web-based platforms and Windows desktop software. Saxo provides its own proprietary platform designed in-house, while Eightcap centers on the MetaTrader suite—offering both MT4 and MT5—which Saxo does not support. Both brokers let you place trades directly from charts. In short, choose Saxo if you want an in-house platform experience, or Eightcap if you prefer the familiar MetaTrader environment.
For social features, Eightcap supports copy trading, whereas Saxo does not. According to ForexBrokers.com, Saxo earns 5 stars and ranks 3rd out of 63 brokers for Trading Platforms and Tools, while Eightcap earns 4 stars and ranks 31st. If top-tier platform polish is your priority, Saxo stands out; if MetaTrader 4/5 and copy trading matter more, Eightcap is the better fit.
| 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 | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 61 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing the Saxo mobile app vs the Eightcap mobile app, both brokers check the essential boxes. Each offers iPhone and Android apps, price alerts for stocks and forex, and watchlist syncing so your symbols stay aligned between mobile and your online account. That means you can set alerts, manage positions, and follow your markets on the go without losing your place.
For charting, Saxo pulls ahead with 64 technical studies compared with Eightcap’s 30. Both apps let you draw trendlines and automatically save your drawings, which makes analysis easy to pick up later. Independent scores reflect this difference: Saxo’s mobile trading app is rated 5 stars and ranks #3 out of 63 brokers on ForexBrokers.com, while Eightcap earns 4 stars and ranks #31. If you want deeper charting and a top-tier mobile experience, Saxo is the stronger fit; if you mainly need core tools, alerts, and synced watchlists, Eightcap delivers the basics effectively.
| 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 stands out for market research, earning 5 stars and the #1 spot out of 63 brokers for Research from ForexBrokers.com, while Eightcap holds 3.5 stars and ranks #33. Both brokers give traders useful insight, but Saxo takes the lead if you want the most complete research package in this comparison.
Both Saxo and Eightcap provide daily market commentary, a sentiment tool showing long/short positioning, and an economic calendar. Saxo adds premium forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones) and includes Autochartist for technical and fundamental ideas. Neither broker offers Trading Central or TipRanks. Eightcap does not include top-tier news or Autochartist, but it does offer research from Acuity Trading (e.g., Signal Centre). Choose Saxo for premium news and Autochartist-powered analysis; pick Eightcap if you value Acuity signals and can do without premium news feeds.
| 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.
Comparing Saxo vs Eightcap for beginner education: both brokers run client webinars at least once a month and offer a library of 10+ beginner videos focused on trading basics. That means newcomers can learn core forex and CFD topics through clear videos and regular live sessions.
As you advance, the paths diverge. Saxo adds 10+ advanced videos for experienced traders, while Eightcap does not reach that level of advanced coverage. Reflecting this gap, ForexBrokers.com rates Saxo 5 stars for Education and ranks it #12 out of 63 brokers, whereas Eightcap earns 3.5 stars and ranks #31. If you want education that grows with you from beginner to advanced, Saxo is the stronger pick; if you only need starter lessons and recurring webinars, both can work.
| 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 #30.
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
|
Eightcap
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 87 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Saxo | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
| Broker Screenshots | Saxo | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 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) | 71000 | 803 | |
| Forex Pairs (Total) | 190 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | 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 | 1.0 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 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 | No | 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) | 61 | 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 87 | |
| Winner | check_circle | ||
| Review | Saxo Review | Eightcap Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill