Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group vs Eightcap: both online brokers were founded in 2009, and neither is publicly traded or operates as a bank. Based on the ForexBrokers.com Trust Score, XM Group earns 93/99 (highly trusted), while Eightcap earns 87/99 (trusted).
In terms of regulation, XM Group holds 4 Tier-1 licenses and 3 Tier-2 licenses; Eightcap holds 3 Tier-1 and 1 Tier-2. ForexBrokers.com considers Tier-1 regulators highly trusted and Tier-2 trusted. Trust Score ranges are 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing commissions and fees, Eightcap comes out ahead of XM Group. XM Group’s standard account spreads are expensive, and it does not publish average spreads for its commission-based XM Zero account, which makes its pricing less transparent. XM Group is rated 3.5 out of 5 stars for commissions and fees and ranks No. 35 out of 36 brokers in this category.
Eightcap offers two account types, including a spread-only Standard account and a commission-based Raw account. On the Raw account, Eightcap lists an average spread of 0.06 pips, and after adding the $3.50 per-side commission, the all-in cost is about 0.76 pips. That puts it just below the industry average of 0.8 pips, though it is still a bit more expensive than the cheapest forex brokers.
Overall, Eightcap is the better choice on fees, with a 4.5 out of 5 star rating and a ranking of No. 20 out of 36 brokers for commissions and fees. For traders who want lower costs and clearer pricing, Eightcap is the stronger option compared with XM Group.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, XM Group offers a wider selection than Eightcap. XM Group provides access to 1,583 tradeable symbols, compared with 803 at Eightcap, and both brokers support forex trading as CFDs. XM Group also has 54 forex pairs, while Eightcap lists 55, so the forex line-up is very similar. Both brokers offer cryptocurrency CFDs, but neither lets clients buy actual crypto coins.
XM Group stands out further by offering exchange-traded securities on both U.S. and international markets, so clients can buy real shares such as Apple or Vodafone, while Eightcap does not offer these types of share investments. XM Group also includes copy trading, which Eightcap does not. Reflecting this broader choice, XM Group is rated 4.5 out of 5 for Range of Investments and ranked #19 out of 36 brokers by ForexBrokers.com, while Eightcap is rated 3.5 out of 5 and ranked #30.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1583 | 803 |
| Forex Pairs (Total) | 54 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | 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.
XM Group and Eightcap both give traders a wide choice of platform options, including MetaTrader 4, MetaTrader 5, web-based trading, and a Windows desktop app. Each broker also offers a free demo account, so beginners can practice without risking real money, and both let users place trades directly from charts. Neither broker has its own in-house platform, which means traders who want a custom-built platform will need to look elsewhere. Both XM Group and Eightcap are rated 4 out of 5 stars for trading platforms and tools, showing that each delivers a solid setup for everyday trading needs.
One key difference is copy trading: XM Group offers it, while Eightcap does not. That may make XM Group a better fit for traders who want to follow and copy other investors. In ForexBrokers.com’s ranking for Trading Platforms and Tools, XM Group placed #28 out of 36 brokers, while Eightcap came in at #32. Overall, both brokers cover the main platform basics well, but XM Group has a slight edge thanks to its copy trading feature and higher category ranking.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 100 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and Eightcap both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts, watchlist syncing between mobile and online accounts, 100 technical studies for charting, and the ability to draw trendlines on charts. In other words, each broker gives mobile traders the core tools they need to monitor markets and manage trades from a phone or tablet.
The main difference is that Eightcap’s mobile app auto saves chart drawings, while XM Group’s does not. Even so, both apps are rated 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s ranking out of 36 brokers, XM Group places higher at #26, compared with Eightcap at #32, which may suggest a slight edge for XM Group overall in this category.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 100 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group has a clear edge over Eightcap for market research. Both brokers provide daily market commentary, a sentiment tool, and an economic calendar, but XM Group goes further by adding forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus Trading Central tools for technical and fundamental analysis. Eightcap does not offer the same level of third-party news coverage or Trading Central research, although it does include Acuity Trading tools like Signal Centre.
That stronger research mix helps explain XM Group’s higher score. XM Group is rated 5 out of 5 stars for Research and ranks #8 out of 36 brokers at ForexBrokers.com, while Eightcap is rated 3.5 out of 5 stars and ranks #34. For traders who want more market insight and more research resources in one place, XM Group is the more complete choice.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | 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 looking for learning materials, XM Group comes out ahead of Eightcap. XM Group offers forex and CFDs education, monthly educational client webinars, and a large library of beginner and advanced videos, giving new traders plenty of ways to learn at their own pace. It is also rated 5 stars for Education and ranks #5 out of 36 brokers by ForexBrokers.com in this category, which points to a strong focus on trader learning.
Eightcap still provides useful beginner support, including at least 10 beginner trading videos and forex or CFDs education, but it does not offer monthly educational webinars and does not match XM Group’s depth of advanced video content. Its Education score is 3.5 stars, and it ranks #31 out of 36 brokers, so while it can help beginners get started, it offers a more limited learning experience overall.
| Feature |
XM Group
|
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 XM Group is better than Eightcap. XM Group finished with an overall rank of #16, while Eightcap finished with an overall rank of #30.
XM Group is a multi-regulated forex and CFD broker offering 1,583 tradeable symbols across MetaTrader 4 and 5 and a new proprietary web and mobile platform. Its live trading rooms and integrated Trading Central research are among the best in the industry. Standard account spreads are expensive, though the Ultra Low and Zero accounts are competitive.
| Feature |
XM Group
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Eightcap
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| Trust Score | 93 | 87 |
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In the XM Group vs Eightcap comparison, neither online broker allows purchasing actual (delivered) cryptocurrency, but both support trading cryptocurrency via CFDs.
XM Group vs Eightcap: as online brokers, neither supports ACH or SEPA for funding, both offer Skrill and bank wire transfers, only Eightcap supports PayPal, and Visa/Mastercard availability is not specified.
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 | XM Group | Eightcap | |
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| Trust Score | 93 | 87 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
| Broker Screenshots | XM Group | Eightcap | |
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| Regulation | XM Group | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 87 | |
| 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 | 4 | 3 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | XM Group | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1583 | 803 | |
| Forex Pairs (Total) | 54 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | 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 | XM Group | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.1 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | XM Group | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | XM Group | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 100 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | 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 | 100 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | Eightcap Review |
| Overall | XM Group | Eightcap | |
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| Trust Score | 93 | 87 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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