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 and Eightcap are both well-regarded online brokers that began operations in 2009. Neither company is publicly traded or operates as a bank. A significant difference between these brokers lies in their regulatory standing. XM Group enjoys a Trust Score of 88 from ForexBrokers.com, situating them in the 'trusted' category. This score is supported by their possession of four Tier-1 licenses, which are some of the most highly trusted credentials in the industry, and one Tier-2 license, also indicating a commendable level of trust.
In comparison, Eightcap holds a slightly lower Trust Score of 85, which also places them in the 'trusted' category, albeit at a marginally lower level than XM Group. Eightcap holds three Tier-1 licenses, demonstrating credible regulatory backing, though they hold no Tier-2 licenses. While both brokers offer a secure trading environment, XM Group edges out ahead in terms of regulatory oversight and trust indicators. This may be an important consideration for traders prioritizing regulatory assurance and security.
| 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 |
When it comes to commissions and fees, XM Group and Eightcap each have their distinct offerings. XM Group's Standard account features relatively high spreads, and specific average spread data for its commission-based XM Zero account is not published, leaving traders with limited transparency on those costs. Despite these challenges, XM Group earns a 4-star rating in the commissions and fees category and ranks 33rd out of 63 brokers according to ForexBrokers.com.
In contrast, Eightcap provides two account options tailored to varying trading needs. Its globally available options include a commission-based Raw account and a spread-only Standard account. For the Raw account, Eightcap advertises average spreads of 0.06 pips, which, after adding a per-side commission of $3.50 per trade, results in an all-in cost of approximately 0.76 pips. This pricing is competitive, yet slightly higher than the industry's lowest rates. Eightcap also secures a 4-star rating and holds a higher position, being ranked 26th out of 63 brokers in the same category by ForexBrokers.com.
In summary, both XM Group and Eightcap achieve a comparable 4-star rating for their fee and commission structures, though Eightcap holds a slightly better rank in the industry, indicating a marginal edge in this competitive aspect. While XM Group presents some ambiguity in cost details, Eightcap offers clear pricing with low spreads and commissions that align with market standards, yet are not the absolute lowest. Traders should weigh these factors alongside their trading strategies when choosing between the two brokers.
| 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.
When comparing XM Group and Eightcap for their range of investments, both brokers offer forex trading via CFDs with XM Group providing 1,394 tradeable symbols and Eightcap offering 800. While Eightcap has a slightly wider range of forex pairs at 56 compared to XM Group's 55, XM Group provides broader options overall. Notably, XM Group stands out by offering exchange-traded securities on both U.S. and international exchanges, enabling clients to invest directly in shares like Apple and Vodafone. Eightcap, on the other hand, does not offer exchange-traded securities beyond CFDs.
Both brokers facilitate copy trading and offer cryptocurrency derivatives, but they do not provide the option to buy actual cryptocurrencies. XM Group edges out in the ratings for their range of investments, with a commendable 4.5 stars compared to Eightcap’s 3.5 stars. According to ForexBrokers.com, XM Group ranks higher in the Range of Investments category, securing the 23rd spot out of 63 brokers, while Eightcap comes in at 40th. This makes XM Group a more diversified choice for those seeking extensive investment options.
| 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.
When comparing the trading platforms and tools of XM Group and Eightcap, both online brokers provide users with a variety of similar features tailored to support trading needs. Both brokers offer free virtual demo accounts, making it easy for newcomers to practice their trading skills without financial risk. Users can access their accounts through Windows-based desktop applications or web-based platforms, providing flexibility in how they choose to trade. Additionally, they both support popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), known for their extensive capabilities in forex and stock markets. Despite their comprehensive offerings, neither XM Group nor Eightcap provide proprietary platforms or support for copy trading services like DupliTrade or ZuluTrade.
Moreover, both brokers enable direct trading from stock charts and offer 15 drawing tools for enhanced charting capabilities. Investors will also find the same capacity for building detailed watch lists with seven columns available for tracking various market instruments. In terms of technical analysis, however, both brokers seem to offer a standard range of tools, comparable in quality to many other brokers. Despite these similarities, XM Group edges slightly ahead with a rank of 31st in the Trading Platforms and Tools category on ForexBrokers.com, compared to Eightcap's 38th place. Both brokers receive a respectable four-star rating out of five in this area, highlighting their commitment to offering quality trading features to their users.
| 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.
If you're choosing between XM Group and Eightcap for their mobile trading apps, you can expect a similar experience in terms of accessibility and features. Both brokers offer apps for iPhone and Android, allowing you to access trading on the go. They provide stock and forex price alerts and allow you to sync watchlists with your online account, ensuring seamless integration and up-to-date information wherever you access it. Each app includes 30 technical studies for charting, giving you plenty of tools for analysis, and both allow you to draw trendlines and view multiple time frames such as daily or intraday on your charts. Moreover, both apps let you create watchlists with real-time quotes, providing a comprehensive trading experience.
However, there are some differences that might sway your decision. Eightcap's app has the advantage of auto-saving drawings on charts, while XM Group's does not. Despite this, XM Group holds a higher rank for Mobile Trading Apps on ForexBrokers.com, sitting at #29 compared to Eightcap's #38 out of 63 brokers. Interestingly, both are rated four stars for their mobile trading apps, highlighting their competence and reliability. Overall, both XM Group and Eightcap offer solid mobile trading options, but your preference might depend on your specific needs like chart drawing features or rankings.
| 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.
When it comes to market research, XM Group provides a comprehensive suite of offerings. Both XM Group and Eightcap deliver daily market commentary, ensuring traders are well-informed on the latest trends. However, XM Group stands out by providing forex news from top-tier sources like Bloomberg and Reuters, a feature that Eightcap falls short on. While neither broker offers tools from Autochartist, XM Group gains an edge by providing technical analysis tools from Trading Central. Both platforms offer a sentiment-based trading tool that reveals the ratio of long and short positions, adding a valuable layer of insight for traders.
For those interested in economic overviews, both XM Group and Eightcap include an economic calendar to keep track of global news events. Notwithstanding, XM Group's research capabilities have earned it a 5-star rating, as opposed to Eightcap's 3.5 stars, establishing XM Group as a top contender in this arena. Ranked #8 for Research by ForexBrokers.com among 63 brokers, XM Group significantly outshines Eightcap, which comes in at #39. Whether you're a seasoned trader or new to the market, XM Group's expansive research offerings make it an attractive choice for those prioritizing market insights.
| 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 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 | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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| Regulation | XM Group | Eightcap | |
|---|---|---|---|
| Trust Score | 88 | 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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 | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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