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 it comes to commissions and fees, Eightcap is the stronger choice overall compared with XM Group. XM Group earns 3.5 out of 5 stars and ranks #36 out of 36 brokers in the Commissions and Fees category. Its standard account spreads are considered expensive, and average spreads are not published for its commission-based XM Zero account, which makes costs harder to compare upfront.
Eightcap scores better at 4.5 out of 5 stars and places #20 out of 36. It offers two account types in its global entities: the spread-only Standard account and the commission-based Raw account. For 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 works out to about 0.76 pips, which is just below the industry average of 0.8 pips.
In simple terms, XM Group looks more expensive and less transparent on pricing, while Eightcap offers clearer fee details and slightly better overall value. That said, Eightcap is still a little pricier than the very cheapest forex brokers.
| 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.
XM Group offers a wider range of investments than Eightcap, making it a stronger pick for traders who want more choice. XM Group lists 1,583 tradeable symbols and 54 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both brokers support forex trading, and both let clients trade cryptocurrency CFDs, but neither offers spot crypto ownership. XM Group also stands out by giving clients access to exchange traded securities on U.S. and international markets, which means you can buy real shares such as Apple or Vodafone rather than only trading them as CFDs.
XM Group also has extra features that may appeal to investors looking for more ways to trade, including copy trading, which Eightcap does not provide. Based on range of investments, XM Group is rated 4.5 out of 5 stars and ranked #19 out of 36 brokers by ForexBrokers.com, while Eightcap is rated 3.5 stars and ranked #31. Overall, XM Group has the broader investment selection, while Eightcap is more limited in what it offers.
| 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 familiar set of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, and MetaTrader 5. Neither broker offers a proprietary platform, and both let users trade directly from charts. In ForexBrokers.com’s Trading Platforms and Tools review, each broker earns 4 out of 5 stars, showing that both provide a solid trading setup for beginners and active traders alike.
The main difference is copy trading: XM Group offers it, while Eightcap does not. That can make XM Group a better fit for traders who want to follow other investors’ strategies. Even so, Eightcap still covers the core platform needs well, and it scores close behind XM Group in the category ranking, coming in at #34 out of 36 brokers compared with XM Group’s #29.
| 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 give traders the basics most people want in a mobile app. Each broker offers iPhone and Android apps, price alerts, watchlist syncing with the online account, 100 technical studies, and the ability to draw trendlines on charts. Both mobile platforms are also rated 4 out of 5 stars for Mobile Trading Apps, so in day-to-day use they are fairly even on core features.
The main difference is that Eightcap’s mobile app automatically saves chart drawings, while XM Group’s does not. Even so, XM Group ranks higher in ForexBrokers.com’s Mobile Trading Apps category, coming in at #26 out of 36 brokers, compared with Eightcap at #34. If chart-drawing storage matters most, Eightcap has the edge; if overall category ranking is more important, XM Group comes out ahead.
| 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 comes out ahead of Eightcap for market research tools. Both brokers provide daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with global events. However, XM Group also adds forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central research tools, while Eightcap does not offer these features. Neither broker includes Autochartist or TipRanks market research.
In third-party reviews, XM Group is rated 5 out of 5 stars for research and ranks #8 out of 36 brokers at ForexBrokers.com, compared with Eightcap’s 3.5 out of 5 stars and #35 ranking. For traders who want more built-in research and stronger market news coverage, XM Group is the better choice overall.
| 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 who want to learn forex and CFD trading, XM Group stands out as the stronger choice. It offers forex and CFD education with at least 10 learning pieces, monthly live educational webinars, and a large library of both beginner and advanced videos. That mix makes it easier for new traders to start with the basics and keep learning as their skills grow. This is reflected in its 5-star Education rating and its #5 ranking out of 36 brokers by ForexBrokers.com.
Eightcap also gives beginners useful video-based learning, with at least 10 beginner videos available, and it does offer forex and CFD education. However, it falls behind XM Group because it does not provide monthly educational webinars and does not have at least 10 advanced educational videos for more experienced traders. With a 3.5-star Education rating and a #33 ranking out of 36, Eightcap may suit traders who want some starter material, but XM Group is the clearer pick for a wider and more complete education offering.
| 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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