Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
FOREX.com and Eightcap are both established online brokers, but they differ significantly in their trust ratings and regulatory credentials. FOREX.com, founded in 1999, is publicly traded and boasts an impressive Trust Score of 99 out of 99 from ForexBrokers.com, indicating it's highly trusted. This broker holds seven Tier-1 licenses, which are viewed as highly reliable, and one Tier-2 license, signifying its strong regulatory standing. Although FOREX.com is not a bank, its presence in the market and high trust score make it a reliable choice for traders.
On the other hand, Eightcap, which started in 2009 and is not publicly traded, has a ForexBrokers.com Trust Score of 85, categorizing it as trusted but not at the top level of confidence like FOREX.com. Eightcap holds three Tier-1 licenses, which showcase a fair degree of regulatory oversight, but it lacks any Tier-2 licenses. While Eightcap is not a bank either, its regulatory credentials suggest a solid framework, suitable for traders who prioritize trusted but less extensively licensed brokers.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FOREX.com and Eightcap are prominent online brokers known for their competitive commissions and fees, but they cater to different trading preferences. FOREX.com offers multiple account types, where its Raw account stands out with attractive spreads of 0.13 pips on the EUR/USD (based on data from February 2024). This account charges a commission adding about 0.7 to spreads, making it appealing for high-volume traders who can benefit from rebates. However, for U.S. clients using the Standard account via MetaTrader, average spreads are higher at 1.4 pips for the EUR/USD, reflecting the cost of market-maker execution. FOREX.com is rated 4.5 stars for its commissions and fees and ranks #13 out of 62 brokers by ForexBrokers.com.
In contrast, Eightcap provides two main account options: the commission-based Raw account and the spread-only Standard account. For those choosing the Raw account, typical spreads average 0.06 pips, but with an added per-side commission of $3.50, the effective spread is around 0.76 pips. This is notably under the industry average of 0.8 pips. Though generally providing reasonable pricing, Eightcap is slightly more expensive than some of the lowest-cost forex brokers available. Eightcap earns a 4-star rating for its commissions and fees and ranks #26 out of 62 brokers according to ForexBrokers.com.
Both brokers offer distinctive pricing structures that can appeal to different trading strategies. FOREX.com is praised for its advanced platform and appealing rebate system for high-volume traders, especially outside the U.S. Meanwhile, Eightcap's competitive rates for its Raw account present a feasible option for those looking for lower effective spreads. Traders should consider their trading volume and preferred platform execution to determine which broker best suits their needs.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.4 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FOREX.com and Eightcap, both platforms provide the ability to trade forex as CFDs, but FOREX.com clearly offers a more extensive range of options. With an impressive 5500 tradeable symbols, FOREX.com significantly surpasses Eightcap's 736 symbols. For forex enthusiasts, FOREX.com provides access to 91 forex pairs, while Eightcap offers 56. Neither broker allows clients to trade actual exchange-traded securities on U.S. or international exchanges, nor do they offer the capability to purchase actual cryptocurrencies – they both focus on derivatives in this area.
FOREX.com is rated 5 stars for its range of investments and stands at the 7th position out of 62 brokers in the Range of Investments category on ForexBrokers.com. On the other hand, Eightcap holds a 3.5-star rating and ranks 40th in the same category. A notable difference lies in Eightcap’s support for copy trading, an option that FOREX.com does not provide. While both platforms offer opportunities in cryptocurrency derivatives, FOREX.com's extensive range gives it a considerable edge in providing diverse trading possibilities.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 736 |
| Forex Pairs (Total) | 91 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | No | 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 it comes to trading platforms and tools, both FOREX.com and Eightcap offer features that cater to different user preferences. FOREX.com provides traders with a proprietary platform that is developed in-house, giving users a unique trading experience. In contrast, Eightcap does not offer a proprietary platform. However, both brokers support widely popular platforms like MetaTrader 4 and MetaTrader 5, which are suitable for traders familiar with the MetaTrader environment. Additionally, both brokers offer Windows-based desktop downloads and web-based trading platforms, allowing traders to choose their preferred way to access the markets. For novice traders, both brokers provide simulated trading with free virtual demo accounts, making it easier to practice and hone trading strategies without financial risk.
Where the two brokers really differ is in their offerings for advanced tools and customization. FOREX.com stands out by offering an impressive 239 drawing tools for charting, giving users a vast toolkit for technical analysis. Eightcap, however, provides 15 drawing tools. In terms of watchlist capabilities, FOREX.com allows up to 20 columns for fields, compared to Eightcap's 7. Moreover, while Eightcap supports copy trading, FOREX.com does not. These differences contribute to FOREX.com's 5-star rating for Trading Platforms and Tools, as well as a rank of 7 out of 62 brokers by ForexBrokers.com in this category. Conversely, Eightcap has a 4-star rating and ranks 38 out of 62, reflecting its solid but more limited offerings.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FOREX.com and Eightcap offer mobile trading apps for iPhone and Android users, providing on-the-go access to stock and forex trading. Features like price alerts and watchlist syncing between mobile apps and online accounts are available with both brokers, ensuring real-time updates and seamless transitions from desktop to mobile devices. Users can benefit from creating a watchlist with real-time quotes and drawing trendlines on their charts. Multiple time frames can be viewed on charts, further supported by an auto-save feature for any drawings made.
In terms of technical capabilities, FOREX.com stands out by offering 88 technical studies for its mobile app charting, compared to Eightcap's 30. This could be a decisive factor for traders who rely heavily on technical analysis. These comprehensive features contribute to FOREX.com's high rating of 5 stars for its mobile trading app, earning it the #3 spot out of 62 brokers ranked by ForexBrokers.com. While Eightcap also provides a strong mobile trading experience, it received a 4-star rating and ranks #38 in the same category. This indicates that while both are viable options, FOREX.com may offer enhanced features and user satisfaction for mobile traders.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| 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.
When comparing the market research features of FOREX.com and Eightcap, traders will find both brokers provide daily market commentary to keep users informed on the latest market trends. However, FOREX.com offers forex news from renowned sources like Bloomberg and Reuters, while Eightcap does not. This distinction is significant for users who prioritize access to high-end financial news. Furthermore, FOREX.com excels by offering advanced technical analysis tools from Trading Central, in contrast to Eightcap, which doesn't provide this feature. Both platforms do include sentiment-based trading tools and an economic calendar to assist traders in making well-informed decisions.
In terms of overall research quality, FOREX.com has established itself as a leader in the field, earning a high rating of 4.5 stars and securing the #9 spot among 62 brokers reviewed by ForexBrokers.com. Eightcap, although providing essential market research features, falls behind with a 3.5-star rating and a rank of #39. Ultimately, FOREX.com presents a superior choice for those who value comprehensive market research and analysis tools.
| Feature |
FOREX.com
|
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 for beginners between FOREX.com and Eightcap, both platforms excel in providing basic forex or CFDs education through a variety of formats like articles, videos, and archived webinars. Each offers a solid foundation with over 10 educational pieces focusing on core trading concepts, making both viable options for new traders. However, FOREX.com edges ahead with monthly online webinars, ensuring users have access to up-to-date insights and interactive learning opportunities, a feature Eightcap currently lacks.
For those seeking a deeper understanding, FOREX.com provides a more comprehensive experience. It not only offers a series of videos aimed at beginner traders but also extends its catalog to cover advanced topics, which Eightcap does not match. Both platforms include an investor dictionary with over 50 investing terms, enhancing the educational breadth. With FOREX.com holding a 4.5-star rating and ranking 4th out of 62 brokers in education by ForexBrokers.com, it clearly sets a higher standard compared to Eightcap, which holds a 3.5-star rating and ranks 40th. This makes FOREX.com a superior choice for individuals looking to develop their trading skills comprehensively.
| Feature |
FOREX.com
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FOREX.com is better than Eightcap. FOREX.com finished with an overall rank of #5, while Eightcap finished with an overall rank of #38.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 85 |
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Both FOREX.com and Eightcap do not provide the option to purchase actual cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives.
FOREX.com and Eightcap both support PayPal, Visa, Mastercard, and bank wire transactions for deposits and withdrawals, but FOREX.com offers ACH or SEPA transfers while Eightcap does not, and only Eightcap provides Skrill as an additional option.
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 | FOREX.com | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Eightcap Review |
| Broker Screenshots | FOREX.com | Eightcap | |
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| Regulation | FOREX.com | Eightcap | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1999 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FOREX.com | 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 | FOREX.com | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 736 | |
| Forex Pairs (Total) | 91 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | No | 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 | FOREX.com | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | 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 | 88 | 30 | |
| 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 | FOREX.com | 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 | FOREX.com | 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) | Yes | Yes |
| Major Forex Pairs | FOREX.com | 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 | FOREX.com Review | Eightcap Review |
| Overall | FOREX.com | Eightcap | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | Eightcap Review |
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