Written by ForexBrokers.com
In this head to head comparison of Eightcap vs ATFX, 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.
When comparing the online brokers Eightcap and ATFX, both have earned a solid trust score of 85 out of 99 from ForexBrokers.com, categorizing them as trusted. Founded in 2009, Eightcap holds three Tier-1 licenses, showing a commitment to high-level regulatory standards, though it lacks Tier-2 licenses. On the other hand, ATFX, established in 2017, has acquired four Tier-1 licenses, along with two Tier-2 licenses, indicating a diverse regulatory approach.
Neither Eightcap nor ATFX is a bank or publicly traded, which might factor into one's decision-making. Despite these similarities, the slight edge in Tier-1 and Tier-2 licensing puts ATFX slightly ahead in terms of regulatory variety. While both brokers are trusted, potential investors should consider these details when choosing their preferred trading platform.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Year Founded | 2009 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When assessing online brokers, Eightcap and ATFX present distinct differences in their commissions and fees structures. Eightcap provides traders with two account options: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap lists an average spread of 0.06 pips. However, with a commission fee of $3.50 per side, the overall cost amounts to approximately 0.76 pips per trade, slightly below the industry average of 0.8 pips. Despite being competitively priced, Eightcap remains costlier than some of the lowest-cost forex brokers. It boasts a 4-star rating for commissions and fees and is ranked 26th out of 62 brokers according to ForexBrokers.com.
In contrast, ATFX does not offer average spread data, which might leave potential traders seeking more transparency about the costs they could incur. This lack of detailed pricing information gives Eightcap an edge in this area. ATFX receives a 3-star rating for its commissions and fees. When evaluated by ForexBrokers.com, ATFX is positioned at a lower ranking than Eightcap, occupying the 59th spot out of 62 brokers, suggesting potential room for improvement in its pricing structure.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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.
Eightcap and ATFX both offer forex trading through CFDs or spot contracts, catering to traders interested in the foreign exchange market. When it comes to the number of tradeable symbols, Eightcap provides a significantly broader choice with 736 options, compared to ATFX's 150. For those focused specifically on forex pairs, Eightcap again offers a wider selection with 56 pairs available against ATFX's 44. However, neither broker gives the opportunity to invest in exchange-traded securities on U.S. or international exchanges.
Both brokers include crypto derivatives in their offerings, enabling clients to engage with the cryptocurrency market through CFDs rather than buying the actual asset. They also feature copy trading services, allowing traders to mimic the strategies of experienced investors. According to ForexBrokers.com, both Eightcap and ATFX are fairly rated at 3.5 stars out of five for their range of investments, though Eightcap has a higher ranking, placed at #40 compared to ATFX at #57 out of 62 reviewed brokers. This may be attributed to the broader selection of tradeable instruments Eightcap provides.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 150 |
| Forex Pairs (Total) | 56 | 44 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 examining the trading platform offerings of Eightcap and ATFX, both brokers provide similar core features. Each offers simulated trading through free virtual demo accounts, which is valuable for beginners to practice without financial risk. They both support widely-used MetaTrader platforms, MT4 and MT5, accessed via Windows desktop or a web-based browser interface, ensuring flexibility and accessibility for traders. Both brokers facilitate copy trading capabilities, although traders looking for enhanced proprietary tools or specific platforms like DupliTrade and ZuluTrade will find these options unavailable with either broker.
In terms of tools for analysis, Eightcap and ATFX equip traders with a comprehensive suite of drawing tools, totaling 15 each, to enhance charting analysis. Additionally, they provide the ability to trade directly from stock charts, making the trading process seamless. Watch lists are customizable with seven columns to cater to various trader preferences. However, differences arise in expert ratings and rankings. Eightcap scores slightly higher with a 4-star rating, compared to ATFX's 3.5-star rating for trading platforms and tools. Moreover, Eightcap holds a stronger position, ranking 38th out of 62 brokers according to ForexBrokers.com, while ATFX is ranked at 61st.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| 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.
Both Eightcap and ATFX provide mobile trading apps for iPhone and Android users. When it comes to features, both apps offer useful tools like price alerts and the ability to draw trendlines on charts. They also support multiple timeframes for viewing different chart periods, from daily to intraday. However, Eightcap stands out by offering 30 technical studies for charting compared to just 7 available on ATFX's platform. Additionally, Eightcap users benefit from watchlist symbol syncing across devices, a feature not currently offered by ATFX.
In terms of user experience, both apps allow traders to create watchlists with real-time quotes, and they automatically save drawings on charts. Despite these similarities, Eightcap is rated slightly higher in mobile trading performance with a 4-star rating compared to ATFX's 3.5 stars. Furthermore, ForexBrokers.com ranks Eightcap at #38 out of 62 brokers for mobile trading apps, significantly ahead of ATFX, which sits at #62. This indicates that while both companies offer solid mobile trading solutions, Eightcap seems to deliver a slightly richer and more synchronized mobile trading experience.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Eightcap and ATFX both offer daily market commentary and maintain economic calendars that display current and upcoming global news events, aiding traders in staying informed. However, when it comes to providing forex news from elite sources like Bloomberg or Reuters, both brokers fall short. A significant difference appears in the realm of technical and fundamental research tools. While ATFX harnesses the power of Trading Central and Autochartist, Eightcap lacks these particular offerings. Eightcap, on the other hand, gives its clients access to a sentiment-based trading tool, showcasing a ratio of long or short positions on various instruments, a feature ATFX does not provide.
When evaluated for their market research capabilities, Eightcap slightly edges out ATFX, earning a rating of 3.5 stars compared to ATFX's 3 stars. Furthermore, ForexBrokers.com ranks Eightcap in the 39th position among 62 brokers, whereas ATFX holds the 54th spot. Although both brokers have their strong points, Eightcap seems to offer a more appealing research experience for traders seeking sentiment analysis, while ATFX shines with its analytical tool offerings. Discussing placements and rankings helps potential customers understand the brokers’ standings and assess which might better suit their trading needs.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 comparing the educational resources for beginners between Eightcap and ATFX, both online brokers offer a foundational collection of forex and CFD materials, including at least ten educational pieces. Each broker also maintains a searchable archive of previous client webinars, allowing newcomers to revisit important topics at their own pace. Beginner traders have access to a series of introductory videos from both platforms, each meeting the requirement of at least ten specifically designed for beginners. Despite this, neither broker currently offers advanced educational videos for seasoned traders or live monthly educational webinars.
Both Eightcap and ATFX provide investors with a comprehensive dictionary, housing over 50 essential terms to support beginner understanding. Eightcap is rated slightly higher at 3.5 stars for education quality compared to ATFX's 3 stars. However, ATFX enjoys a better ranking, standing at #28, whereas Eightcap is ranked #40 among 62 brokers for educational offerings according to ForexBrokers.com. The information highlights that while Eightcap slightly edges ahead in ratings, ATFX is perceived more favorably in terms of rank.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Eightcap is better than ATFX. Eightcap finished with an overall rank of #38, while ATFX finished with an overall rank of #51.
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.
| Feature |
Eightcap
|
ATFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 85 |
| Range of Investments |
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| Commissions & Fees |
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| Research |
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Both Eightcap and ATFX do not allow for the purchase of actual cryptocurrencies, but they do offer the ability to trade cryptocurrency derivatives, providing alternative investment opportunities for traders interested in the crypto market.
When comparing online brokers Eightcap and ATFX, neither offers ACH or SEPA transfers for account funding; however, Eightcap supports PayPal while ATFX does not, both provide Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals.
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 | ATFX | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | ATFX | |
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| Regulation | Eightcap | ATFX | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 2009 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Eightcap | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 150 | |
| Forex Pairs (Total) | 56 | 44 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | Eightcap | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | Eightcap | ATFX | |
|---|---|---|---|
| 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 | Eightcap | ATFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Eightcap | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | ATFX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | ATFX | |
|---|---|---|---|
| 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 |
| Overall | Eightcap | ATFX | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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