Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Forex4you, 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.
Eightcap and Forex4you are two online brokers that serve the needs of traders, though their regulatory profiles differ significantly. Founded in 2009, Eightcap is not a publicly traded company or a bank, but it holds 3 Tier-1 licenses, marking it as a highly trusted option according to ForexBrokers.com. This regulatory strength gives Eightcap an impressive Trust Score of 85, positioning it within the 'trusted' range.
Forex4you started its operations earlier, in 2007, without being a publicly traded entity or a bank. Unlike Eightcap, Forex4you does not hold any Tier-1 or Tier-2 licenses, which impacts its perceived safety. With a ForexBrokers.com Trust Score of 61, Forex4you is categorized as 'high risk.' This contrast in regulatory status suggests that Eightcap is the more reliable choice for those prioritizing broker trustworthiness.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Year Founded | 2009 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers Eightcap and Forex4you, there are some notable differences between the two. Eightcap provides two account options, the Raw account with commissions and the Standard account with spreads only. For its commission-based Raw account, Eightcap reports an average spread of 0.06 pips, but when you add the $3.50 per-side commission, the total cost is approximately 0.76 pips. This positions Eightcap slightly higher than the least expensive forex brokers in the market. In terms of rating, Eightcap earns four stars for its commission and fees, and it holds the 26th rank out of 62 brokers according to ForexBrokers.com.
On the other hand, Forex4you does not provide specific average spread data, making a direct cost comparison challenging. Forex4you is rated at 3.5 stars for its commissions and fees, and it is ranked 53rd out of 62 brokers on ForexBrokers.com. This indicates that while Forex4you may offer competitive services, it might not align with the most economical options available.
Overall, if you are primarily focused on commission and fee costs, Eightcap appears to offer a more defined fee structure with its Raw account, albeit at a slightly higher price point compared to the industry average. In contrast, Forex4you's commissions and fees structure remains less transparent due to the absence of average spread data.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| 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 Forex4you both integrate forex trading into their platforms, enabling users to trade through either CFDs or spot contracts. Eightcap impresses with a greater selection of tradeable instruments, boasting 736 symbols, compared to Forex4you’s offering of 150. In terms of forex pairs, Eightcap provides access to 56 pairs, while Forex4you offers 43. However, neither platform facilitates the purchase of exchange-traded securities on U.S. or international exchanges, and users looking for options outside CFDs for cryptocurrencies will find both brokers lacking as they only offer cryptocurrency derivatives.
When comparing copy trading features, both Eightcap and Forex4you deliver, allowing users to mimic expert trades seamlessly. Despite these similarities in features, Eightcap takes a slight edge in overall investment range, securing a rank of 40 out of 62 brokers on ForexBrokers.com, whereas Forex4you ranks at 58. Nevertheless, both platforms achieve an equal rating of 3.5 stars for their range of investments, suggesting a moderate diversity and capability for those seeking to navigate the investment landscape.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 150 |
| Forex Pairs (Total) | 56 | 43 |
| 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 comparing online brokers Eightcap and Forex4you, both offer a range of accessible trading platforms and tools. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice trades without risking real money. Eightcap utilizes popular third-party platforms like MetaTrader 4 and MetaTrader 5 for trading, whereas Forex4you offers its own proprietary platform in addition to MetaTrader options. Both brokers offer Windows-based desktop downloads and web-based platforms for ease of access, with support for copy trading. However, neither platform supports DupliTrade or ZuluTrade integration.
In terms of charting capabilities, both Eightcap and Forex4you provide 15 drawing tools and allow trading directly from stock charts. Additionally, both brokers equip traders with seven columns for watch lists, enhancing the user experience. Despite having similar offerings, Eightcap holds a slightly higher rank, placed at #38 compared to Forex4you's #52 in the Trading Platforms and Tools category by ForexBrokers.com. Both brokers achieve a rating of four stars out of five for their trading platforms and tools, reflecting a solid standing in the market.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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.
When comparing the mobile trading apps of Eightcap and Forex4you, both brokers offer iPhone and Android compatible apps, allowing users to trade on-the-go. They each provide essential features like stock or forex price alerts and the ability to draw trendlines on charts. Both platforms support viewing multiple time frames and include auto-saving drawings on charts, catering to traders who require flexibility and ease in technical analysis. However, a key difference lies in the capability of synchronizing watchlist symbols; Eightcap enables watchlist sync between mobile apps and online accounts, offering a seamless experience, whereas Forex4you does not include this feature.
Both brokers are evenly matched with 30 technical studies available for mobile charting and allow the creation of watchlists with real-time quotes. In terms of user ratings, both Eightcap and Forex4you have received four out of five stars for their mobile trading apps. However, Eightcap edges ahead in overall ranking, placed at #38 out of 62 brokers in the Mobile Trading Apps category on ForexBrokers.com, compared to Forex4you, which is ranked at #50. This difference may be a deciding factor for traders prioritizing mobile trading efficiency and features.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 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 it comes to market research offerings, both Eightcap and Forex4you provide daily market commentary and maintain comprehensive economic calendars that keep traders informed about global economic events. However, Forex4you goes a step further by delivering forex news from top-tier sources such as Bloomberg and Reuters. Additionally, Forex4you enhances its research toolkit by integrating both Autochartist and Trading Central, offering technical and fundamental analysis tools that Eightcap does not.
Eightcap does feature a sentiment-based trading tool that shows the ratio of long or short positions across currency pairs, a service Forex4you lacks. Despite having similar ratings for research at 3.5 stars, Eightcap is ranked higher by ForexBrokers.com, coming in at #39 compared to Forex4you's #47 ranking. Neither broker currently offers research tools from TipRanks or Acuity Trading, leaving these areas for potential growth in their research offerings.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| 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 available for beginners, Eightcap and Forex4you both provide a solid foundation with more than ten educational materials focused on forex and CFDs. However, neither broker offers regular monthly webinars. Fortunately, both have searchable archives of previously recorded sessions, allowing learners to revisit past webinars at their convenience. Eightcap stands out for beginners by offering over ten educational videos specifically designed for novice traders, while Forex4you does not meet this criterion.
Beyond videos, Eightcap enhances its educational offerings with an investor dictionary containing definitions for more than 50 investing terms, a resource not available with Forex4you. Despite these differences, both brokers received a similar educational rating of 3.5 stars. Interestingly, in ForexBrokers.com's educational ranking, Forex4you is placed higher at 25th among 62 brokers, while Eightcap is positioned at 40th, indicating a perceived edge for Forex4you despite Eightcap's beginner-friendly offerings.
| Feature |
Eightcap
|
Forex4you
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 Forex4you. Eightcap finished with an overall rank of #38, while Forex4you finished with an overall rank of #55.
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
|
Forex4you
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 61 |
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Both Eightcap and Forex4you provide the option to trade cryptocurrency derivatives, although neither offers the capability to purchase actual, delivered cryptocurrencies.
In comparing online brokers Eightcap and Forex4you, both do not offer ACH or SEPA transfers for account transactions, but Eightcap provides the option of PayPal while Forex4you does not, and both platforms support Skrill, Visa, Mastercard, and bank wire transactions.
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 | Forex4you | |
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| Trust Score | 85 | 61 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | Forex4you | |
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| Regulation | Eightcap | Forex4you | |
|---|---|---|---|
| Trust Score | 85 | 61 | |
| Year Founded | 2009 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 0 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Forex4you | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | Eightcap | Forex4you | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Forex4you | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 150 | |
| Forex Pairs (Total) | 56 | 43 | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| 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 | Forex4you | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Forex4you | |
|---|---|---|---|
| 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 | Forex4you | |
|---|---|---|---|
| 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 | 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 | Eightcap | Forex4you | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Forex4you | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | Eightcap | Forex4you | |
|---|---|---|---|
| GBP/USD | Yes | No | |
| USD/JPY | Yes | No | |
| EUR/USD | Yes | No | |
| USD/CHF | Yes | No | |
| USD/CAD | Yes | No | |
| NZD/USD | Yes | No | |
| AUD/USD | Yes | No | |
| Review | Eightcap Review |
| Overall | Eightcap | Forex4you | |
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| Trust Score | 85 | 61 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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