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XM Group vs Eightcap 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is XM Group better than Eightcap? In our analysis of 23 international regulators across 39 of the best forex brokers, XM Group is considered low-risk, with an overall Trust Score of 90 out of 99. Eightcap is considered average-risk, with an overall Trust Score of 87 out of 99. Learn more about Trust Score.

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Overall RatingXM GroupEightcapIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4.5 Stars3.5 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score908799
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ReviewXM Group ReviewEightcap ReviewIG Review
RegulationXM GroupEightcapIG
Trust Score908799
Year Founded200920091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses227
Tier-2 Licenses112
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)XM GroupEightcapIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)YesNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)XM GroupEightcapIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)XM GroupEightcapIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)YesNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoYesNo
InvestmentsXM GroupEightcapIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)137232619537
Forex Pairs (Total)5745100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostXM GroupEightcapIG
Average Spread EUR/USD - Standard1.6 (Aug 2020)1.0 (Aug 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.8 (Aug 2021)0.760.5957 (September 2022)
Active Trader or VIP DiscountsNoNoYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingXM GroupEightcapIG
Minimum Initial Deposit$5$100£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsXM GroupEightcapIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsXM GroupEightcapIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingXM GroupEightcapIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarYesYesYes
ResearchXM GroupEightcapIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesNoYes
EducationXM GroupEightcapIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesNoYes
Client Webinars (Archived)NoYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsXM GroupEightcapIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewXM Group ReviewEightcap ReviewIG Review
OverallXM GroupEightcapIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4.5 Stars3.5 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score908799
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ReviewXM Group ReviewEightcap ReviewIG Review
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XM Group vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare XM Group vs Eightcap.

Does XM Group or Eightcap offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is XM Group or Eightcap safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both XM Group and Eightcap hold 2 global Tier-1 licenses. Both XM Group and Eightcap hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, XM Group earned a higher Trust Score than Eightcap.

Which trading platform is better: XM Group or Eightcap?

To compare the trading platforms of both XM Group and Eightcap, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both XM Group and Eightcap offer MetaTrader 4 (MT4).XM Group and Eightcap both offer copy trading.

How many forex pairs and CFDs are available to trade?

XM Group provides traders 57 currency pairs (e.g., EUR/USD) compared to Eightcap's 45 available pairs. Forex pairs aside, XM Group offers traders access to 1372 CFDs while Eightcap has 326 available CFDs, a difference of 1046.

Can I trust XM Group?

XM Group is not publicly-traded and does not operate a bank. XM Group is authorised by three tier-1 regulators (high trust), two tier-2 regulator (average trust), and one tier-3 regulator (low trust). XM Group is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and, via its parent company's other brand Trading.com, with the Financial Conduct Authority (FCA).

Can I trust Eightcap?

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and one tier-3 regulators (low trust). Eightcap is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA) and the Australian Securities & Investment Commission (ASIC).

Is XM Group good?

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Is Eightcap good?

Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins and access to Capitalise.ai’s algorithmic trading platform.

Overall winner: IG

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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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