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.
Both XM Group and Eightcap, established in 2009, are online brokers that prioritize security, yet they differ in the breadth of their regulatory oversight. XM Group stands out with a ForexBrokers.com Trust Score of 93 out of 99, signaling a high level of trustworthiness. This rating is bolstered by XM Group's four Tier-1 licenses, which are considered highly reliable, and an additional Tier-2 license offering further assurance. Unlike banks or publicly traded entities, both brokers operate independently, but XM Group’s array of licenses suggests a broader commitment to regulatory compliance.
In contrast, Eightcap holds a ForexBrokers.com Trust Score of 85, positioning it as a trusted broker but with a slightly lower level of regulatory cover than XM Group. Eightcap has three Tier-1 licenses, which are still highly trusted by ForexBrokers.com, yet it lacks any Tier-2 licenses. While both firms lack banking status and a presence on the stock exchange, their focus on obtaining licenses reflects varying levels of accountability and protection, offering users options based on their regulatory preferences.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Looking at commissions and fees, both XM Group and Eightcap earn 4 out of 5 stars. In ForexBrokers.com’s Commissions and Fees rankings, Eightcap places #27 out of 63 brokers, while XM Group ranks #34 out of 63.
XM Group’s pricing is less transparent. Its Standard account spreads are considered expensive, and the broker does not publish average spreads for its commission-based XM Zero account. That makes it tough to estimate your true, all-in trading costs.
Eightcap offers two account types across its global entities. The Raw account lists an average spread of 0.06 pips; after adding the $3.50 per-side commission, the all-in cost is about 0.76 pips—just under the industry average of 0.8 pips. While Eightcap is still slightly pricier than the very cheapest brokers, its disclosed averages and clear commission structure can make it easier to anticipate costs compared to XM’s unpublished averages on XM Zero.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments, XM Group offers 1,394 tradeable symbols versus 800 at Eightcap. For forex, Eightcap edges ahead with 56 currency pairs to XM Group’s 55, and both let you trade forex as CFDs or spot contracts. According to ForexBrokers.com, XM Group earns 4.5/5 stars and ranks #25 out of 63 brokers for Range of Investments, while Eightcap scores 3.5/5 stars and ranks #41.
Asset access is a key difference: XM Group lets clients buy exchange-traded securities on both U.S. and international exchanges (for example, Apple or Vodafone), whereas Eightcap does not offer real share dealing. Both brokers support copy trading, and neither lets you buy actual cryptocurrency; however, both provide cryptocurrency derivatives for trading.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 800 |
| Forex Pairs (Total) | 55 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 are closely matched for trading platforms and tools. Both brokers offer free demo (paper) trading, support copy trading, and do not use a proprietary platform. Instead, each relies on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available on Windows desktop and via web browser. Charting is practical on both, with the ability to place trades directly from charts and 15 drawing tools. While the exact number of technical indicators isn’t specified, MT4/MT5 provide a wide selection. Watch lists are comparable too, with 7 columns of data at both brokers. Neither supports DupliTrade or ZuluTrade.
In independent testing of trading platforms and tools, XM Group and Eightcap each earned 4 out of 5 stars. XM Group holds a slightly better category rank (#33 of 63) than Eightcap (#39 of 63) on ForexBrokers.com. If you prefer the familiar MetaTrader experience across desktop and web with demo access, chart trading, and basic copy-trading options, both brokers fit well; XM Group’s marginally higher ranking may sway traders seeking a small edge in this category.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and Eightcap both deliver full-featured mobile trading apps for iPhone and Android. Each app supports real-time watchlists with price alerts, and your symbols sync between mobile and your online account so changes follow you across devices. Whether you trade forex or CFDs, both apps make it easy to track markets on the go.
For charting, XM Group and Eightcap each offer 30 technical studies, trendline drawing tools, and multiple time frames (intraday to weekly). The standout difference: Eightcap’s app auto-saves your chart drawings, while XM Group’s does not. Both earn 4 out of 5 stars for mobile trading apps, and ForexBrokers.com ranks XM Group 31st and Eightcap 39th out of 63 brokers. If auto-saving annotations matters, Eightcap has the edge; if you prefer a slightly higher category ranking, XM Group is the pick.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group vs Eightcap for market research: both brokers publish daily market commentary and offer an economic calendar, plus a sentiment tool that shows long/short positioning. The big difference is content depth. XM Group provides forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while Eightcap does not. XM Group also includes Trading Central analytics; neither broker offers tools from Autochartist, TipRanks, or Acuity Trading.
For overall quality, ForexBrokers.com rates XM Group 5 stars for Research and ranks it #8 out of 63 brokers, while Eightcap earns 3.5 stars and ranks #40. Choose XM Group if you want premium news and Trading Central insights on top of daily commentary and calendars; pick Eightcap if you’re satisfied with the essentials.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between XM Group and Eightcap, several key differences become evident. Both brokers provide a foundation for learning with over 10 pieces of educational content each, including articles, videos, and archived webinars focused on forex and CFDs. However, XM Group offers regular online educational webinars tailored for their clients every month, a feature not available with Eightcap. Moreover, both brokers maintain a searchable archive of recorded webinars, allowing learners to revisit previous sessions as needed. Beginning traders will find ample video content from both brokers, each offering at least 10 beginner videos to help newcomers get started with trading.
For those looking to delve deeper, XM Group also provides advanced educational videos, offering at least 10 for more experienced traders, which Eightcap does not. Although Eightcap comes up short in offering advanced videos, it compensates with an investor dictionary containing over 50 definitions of key investing terms, a resource not provided by XM Group. These differences are reflected in their educational rankings, with XM Group earning a higher education rating of 5 stars from ForexBrokers.com, placing it 7th out of 63 brokers, while Eightcap trails with a 3.5-star rating, positioned at 40th. These contrasts highlight the varied strengths of each broker's educational offerings, helping beginners choose the right platform for their trading journey.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
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 #17, while Eightcap finished with an overall rank of #38.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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Eightcap
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|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 85 |
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Both XM Group and Eightcap do not provide the option to buy actual cryptocurrency, but they each offer the ability to trade cryptocurrency derivatives.
Comparing online brokers XM Group and Eightcap, both offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds; however, only Eightcap supports PayPal, while neither supports ACH or SEPA transfers.
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 | 85 | |
| 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 | 85 | |
| 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| 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 (SFC 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 800 | |
| Forex Pairs (Total) | 55 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 - Standard | 1.6 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | Eightcap | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | Eightcap | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | XM Group Review | Eightcap Review |
| Overall | XM Group | Eightcap | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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