Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Xtrade, 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.
Since its founding in 2009, Eightcap has grown to establish a solid reputation within the online trading community. With three Tier-1 licenses, Eightcap is highly regarded and carries a ForexBrokers.com Trust Score of 85, placing it firmly in the "trusted" category. Despite not being publicly traded or a banking institution, Eightcap's regulatory credentials and Trust Score make it a reliable choice for traders seeking a secure platform.
Xtrade, established in 2003, holds a slightly different standing, with one Tier-1 and one Tier-2 license, demonstrating a notable but more moderate level of trustworthiness compared to Eightcap. The ForexBrokers.com Trust Score rates Xtrade at 74, classifying it within the "average risk" range. Like Eightcap, Xtrade is neither publicly listed nor a bank, offering a straightforward trading experience backed by a decent regulatory framework.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of Eightcap and Xtrade, Eightcap offers two account types available globally, including in regions like Australia, the Bahamas, the U.K., and Cyprus. You'll have the option to choose between a commission-based Raw account or a spread-only Standard account. For those opting for the Raw account, Eightcap advertises an average spread of 0.06 pips. However, with a per-side commission of $3.50 per trade, the all-in expense is about 0.76 pips, which is slightly below the industry average of 0.8 pips. Despite its competitive pricing, Eightcap's fees are marginally higher than those of the most affordable forex brokers.
On the other hand, Xtrade does not provide average spread data, making a direct comparison challenging. However, considering ratings from ForexBrokers.com, Eightcap is rated 4 out of 5 stars for commissions and fees, reflecting its generally favorable pricing structure. In contrast, Xtrade receives a lower rating of 2.5 stars, suggesting less competitive fees.
In terms of rankings among 63 brokers reviewed by ForexBrokers.com, Eightcap stands at a respectable #26 in the Commissions and Fees category, showcasing its relative affordability. Conversely, Xtrade finds itself at the bottom of the list, ranked #63, potentially due to its lack of transparency regarding fee structure. This information can help traders make informed decisions based on their priorities, whether it's upfront transparency or overall costs.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 Eightcap and Xtrade for their range of investments, both brokers offer a robust selection of CFD products, including forex trading. Eightcap boasts a total of 800 tradeable symbols, surpassing Xtrade's offering of 482. Both platforms feature an identical number of tradeable forex pairs at 56, providing ample choices for forex traders. However, neither Eightcap nor Xtrade provide access to buy exchange-traded securities on U.S. or international exchanges, like Apple or Vodafone shares. While both brokers allow trading in cryptocurrency derivatives, they do not offer actual cryptocurrency purchases.
In terms of unique features, Eightcap supports copy trading, enabling investors to mimic the trades of experienced traders, whereas Xtrade does not offer this feature. Despite their slightly different offerings, Eightcap and Xtrade receive the same rating of 3.5 out of 5 stars for their range of investments. According to ForexBrokers.com, Eightcap holds a higher position, ranked at #40, as opposed to Xtrade, which is ranked #49 out of 63 brokers evaluated. This indicates a marginal preference for Eightcap among available options for investors prioritizing a wide range of investment choices.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 800 | 482 |
| Forex Pairs (Total) | 56 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Eightcap and Xtrade in terms of their trading platforms and tools, both brokers readily provide virtual demo accounts, allowing novices to practice trading without financial risk. Eightcap excels in offering comprehensive trading features, including both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which are well-known platforms in the trading community. In contrast, Xtrade offers a proprietary platform, developed in-house, but does not support MT4 or MT5. Eightcap also enables Windows users to download a desktop platform, whereas Xtrade focuses exclusively on web-based trading. Both brokers support web-based trading platforms for convenient access from any location.
Regarding additional features, Eightcap stands out by offering copy trading, an advantage for those who prefer to mimic successful strategies. Xtrade does not provide this feature. When it comes to charting tools, Xtrade offers an impressive array with 100 drawing tools, significantly surpassing the 15 provided by Eightcap. Both platforms support trading directly from stock charts, providing a seamless trading experience. Eightcap includes 7 customizable columns for watch lists, while Xtrade offers 9, enhancing organizational capabilities. Eightcap earns a slightly higher rating of 4 stars for its trading platforms and tools, ranking 38th out of 63 brokers on ForexBrokers.com. Meanwhile, Xtrade receives a 3.5-star rating, placing it at the 58th spot.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Eightcap and Xtrade both offer mobile trading apps for iPhone and Android devices, making them accessible for traders on the go. However, Eightcap stands out with advanced features like stock and forex price alerts, which Xtrade lacks. In terms of charting capabilities, Eightcap provides 30 technical studies and the ability to draw trendlines, view multiple time frames, and auto-save drawings on your charts. These features are not available in Xtrade's app, which may limit a trader's analytical depth.
Another significant advantage of Eightcap's app is the watchlist symbol syncing feature, allowing users to maintain consistency between their mobile app and online account. This means any changes made are automatically updated across platforms. Additionally, Eightcap allows traders to create watchlists with real-time quotes, a feature missing from Xtrade's offering. Although both apps are rated four stars for their mobile trading capabilities, Eightcap undoubtedly offers a more comprehensive toolkit for traders, which is reflected in its higher ranking by ForexBrokers.com—38th compared to Xtrade's 53rd.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and Xtrade for market research offerings, both brokers provide daily market commentary to keep traders informed on recent trends. Xtrade stands out by supplying forex news from top-tier sources such as Bloomberg and Reuters, which Eightcap does not offer. However, Eightcap has the edge with a sentiment-based trading tool that displays the ratio of long or short positions across various instruments, a feature not available with Xtrade. Each platform provides an economic calendar to alert users of upcoming global news events crucial for strategy planning. Yet, neither broker integrates tools from firms like Autochartist, Trading Central, or Acuity Trading, nor do they offer insights through TipRanks.
In terms of research effectiveness, both Eightcap and Xtrade receive a rating of 3.5 stars. However, Eightcap claims a higher ranking, securing the 39th spot out of 63 brokers on ForexBrokers.com's research category, while Xtrade falls at 52nd place. This shows Eightcap may offer a slightly better research experience compared to Xtrade, despite both brokers missing certain advanced research tools.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When assessing the educational resources for beginners offered by online brokers Eightcap and Xtrade, both brokers provide more than ten educational materials focused on forex and CFDs. However, Eightcap stands out by offering a searchable archive of recorded client webinars, while Xtrade does not provide this feature. Both brokers fall short in offering live monthly webinars, an essential tool for real-time learning and interaction.
For beginner-focused educational videos, Eightcap offers a solid library, ensuring newcomers have access to at least ten videos tailored to their needs. In contrast, Xtrade does not meet this benchmark for beginner videos. While both brokers succeed in providing an investor dictionary with key trading terms, neither broker extends their video content to more advanced traders. In ratings, Eightcap and Xtrade each achieve a score of 3.5 out of five stars for education, yet Eightcap is ranked higher in the Education category by ForexBrokers.com, placing at #40 compared to Xtrade's #46.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Eightcap is better than Xtrade. Eightcap finished with an overall rank of #38, while Xtrade finished with an overall rank of #60.
Eightcap enhances its status as a MetaTrader-only broker with support for a suite of third-party plug-ins, including TradingView.
| Feature |
Eightcap
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 74 |
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Both Eightcap and Xtrade do not offer the option to buy actual delivered cryptocurrency, but they both provide the ability to trade cryptocurrency derivatives, making them suitable for those interested in speculative trading rather than owning the digital assets themselves.
When comparing online brokers Eightcap and Xtrade, both lack ACH or SEPA transfer options for deposits and withdrawals; however, Eightcap supports PayPal, unlike Xtrade, and both brokers offer Skrill, Visa/Mastercard, and bank wire options for managing account funds.
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 | Eightcap | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Xtrade Review |
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| Regulation | Eightcap | Xtrade | |
|---|---|---|---|
| Trust Score | 85 | 74 | |
| Year Founded | 2009 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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) | Yes | No | |
| 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) | Eightcap | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 800 | 482 | |
| Forex Pairs (Total) | 56 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Eightcap | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Eightcap | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Eightcap | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Eightcap | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | Xtrade | |
|---|---|---|---|
| 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 | Eightcap Review | Xtrade Review |
| Overall | Eightcap | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Xtrade Review |
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