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 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) - Spread-only account | 1.0 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 more variety. Saxo lists about 71,000 tradeable symbols and 192 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers offer forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs, but neither supports copy trading or buying actual cryptocurrency.
Where Saxo pulls further ahead is in access to real shares on both U.S. and international exchanges. For example, Saxo clients can buy exchange traded securities such as Apple or Vodafone shares directly, while Eightcap does not offer this. These differences help explain Saxo’s higher ratings for range of investments, with 5 stars and a #3 ranking out of 36 brokers, versus Eightcap’s 3.5 stars and #31 ranking.
| Feature |
Saxo
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 803 |
| Forex Pairs (Total) | 192 | 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 web-based and Windows desktop platforms, plus free demo accounts for practice. Each also lets you place trades directly from charts, which can make it easier to act on market moves quickly. Where Saxo stands out is its own in-house platform, while Eightcap does not have a proprietary platform and instead focuses on well-known third-party options.
For traders who want MetaTrader, Eightcap has the edge because it supports both MT4 and MT5, while Saxo does not offer either. Neither broker offers copy trading. Overall, Saxo is rated higher for trading platforms and tools, earning 5 stars and a #3 ranking out of 36 brokers from ForexBrokers.com, compared with Eightcap’s 4 stars and #34 ranking. This makes Saxo the stronger pick for platform quality, while Eightcap may appeal more to traders who prefer MetaTrader.
| 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) | 64 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Saxo and Eightcap for mobile trading, both brokers cover the basics well. Each offers iPhone and Android apps, price alerts, watchlist syncing between mobile and online accounts, trendline drawing, and auto-saving of chart drawings. For everyday trading on the go, both apps make it easy to track markets and keep your setup consistent across devices.
The main difference is in charting depth and overall app quality. Eightcap offers more technical studies in its mobile app, with 100 compared with Saxo’s 64, which may appeal to traders who rely on indicators. However, Saxo comes out ahead in expert ratings, earning 5 stars for Mobile Trading Apps and ranking #3 out of 36 brokers, while Eightcap is rated 4 stars and ranks #34. If mobile app quality matters most, Saxo has the edge 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 comes out ahead on market research when compared with Eightcap. Both brokers provide daily market commentary and an economic calendar, but Saxo adds more for traders who want deeper insight. It offers forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus Autochartist tools for technical and fundamental analysis. Saxo also holds a perfect 5-star Research rating and is ranked #1 out of 36 brokers by ForexBrokers.com in the Research category.
Eightcap covers the basics well with daily market commentary and an economic calendar, and it also includes useful extras like a sentiment tool and Acuity Trading research. However, it does not provide top-tier news feeds or Autochartist, which makes its research lineup more limited overall. That is reflected in its 3.5-star Research rating and #35 ranking out of 36 brokers, putting Saxo clearly ahead for traders who want more market insight.
| 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 | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Saxo is the stronger choice for beginners who want to learn about forex and CFDs. It offers at least 10 pieces of forex or CFD education, holds online educational webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. That broad mix of learning tools helps new traders start with the basics and keep building their knowledge over time. Saxo is also rated 5 stars for Education and ranks #12 out of 36 brokers in the Education category on ForexBrokers.com.
Eightcap also gives beginners a solid starting point, with at least 10 beginner videos and at least 10 forex or CFD education pieces. However, it does not offer monthly educational webinars, and it falls short on advanced video content for more experienced traders. As a result, Eightcap is rated 3.5 stars for Education and ranks #33 out of 36 brokers, making it the less complete option for traders looking for more guided learning support.
| 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
|
|---|---|---|
| Overall Rating |
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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) | No | 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) | 192 | 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) - Spread-only account | 1.0 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.76 | |
| Inactivity Fee | No | 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 (Deposit/Withdraw) | 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) | 64 | 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 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 | No | 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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