Written by ForexBrokers.com
In this head to head comparison of FXCM vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FXCM vs Eightcap: FXCM was founded in 1999 and is publicly traded, while Eightcap started in 2009 and is privately held. Neither broker is a bank. According to ForexBrokers.com, FXCM earns a 95/99 Trust Score (highly trusted), and Eightcap scores 87/99 (trusted). For context, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
On regulation, FXCM holds 4 Tier-1 licenses and 2 Tier-2 licenses, compared with Eightcap’s 3 Tier-1 and 1 Tier-2. Tier-1 licenses are viewed as highly trusted and Tier-2 as trusted by ForexBrokers.com, indicating broader top-tier oversight at FXCM while Eightcap still carries multiple high-grade approvals.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Year Founded | 1999 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 2 |
FXCM and Eightcap both earn 4.5 out of 5 stars for commissions and fees, but FXCM edges ahead in the ranking, placing #17 out of 36 brokers compared with Eightcap at #20 out of 36. In plain terms, both brokers offer pricing that is fairly competitive, though neither is the cheapest option in the market.
FXCM’s costs are slightly above the industry average overall, with standard EUR/USD spreads averaging 0.78 pips in its EU, U.K., and Australia offerings, and 1.38 pips through its St. Vincent and the Grenadines entity. Its commission-based accounts are cheaper upfront at 0.28 pips before commission, but the all-in cost is closer to 0.74 pips once commissions are included. Active traders may be able to lower costs through FXCM’s rebate program, although the best discounts depend on trading volume and where the account is held.
Eightcap also offers two main pricing options: a spread-only Standard account and a commission-based Raw account. Its Raw account shows average spreads of 0.06 pips, but after the $3.50 per-side commission, the total cost is about 0.76 pips, which is slightly below the industry average of 0.8 pips. Overall, Eightcap’s fees are reasonable, but FXCM has a small advantage in the category thanks to its stronger rank and slightly better pricing for commission-based trading.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $100 |
| Average spread (EUR/USD) - Standard account | 0.9 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, FXCM and Eightcap both let clients trade forex as CFDs or spot contracts, and both support cryptocurrency CFDs rather than real crypto. Neither broker offers direct share dealing on U.S. or international stock exchanges, so you cannot buy actual shares like Apple or Vodafone through either platform. FXCM does stand out for copy trading, while Eightcap does not offer that feature.
Eightcap offers the wider selection overall, with 803 tradeable symbols and 55 forex pairs, compared with FXCM’s 440 symbols and 46 forex pairs. Even so, FXCM scores higher for range of investments, earning 4.5 out of 5 stars and ranking #21 out of 36 brokers, versus Eightcap’s 3.5 stars and #29 ranking. For traders who want more market choice, Eightcap has the edge; for those who value copy trading and a stronger overall rating in this category, FXCM may be the better fit.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 803 |
| Forex Pairs (Total) | 46 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FXCM and Eightcap both give traders a solid set of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, MT4, and the ability to trade directly from charts. FXCM also stands out with its own in-house platform, which Eightcap does not offer, plus copy trading for people who want to follow other traders. Eightcap, on the other hand, supports MT5, which FXCM does not, giving it an edge for traders who want that platform option.
In terms of overall platform quality, FXCM has the stronger showing. ForexBrokers.com ranks FXCM #4 out of 36 brokers for Trading Platforms and Tools, with a 5-star rating, while Eightcap is ranked #31 and holds a 4-star rating. If you want more built-in platform variety and copy trading, FXCM may be the better fit. If MT5 is important to you, Eightcap is worth a closer look.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and Eightcap both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts, watchlist symbol syncing, trendline drawing, and auto-saving chart drawings. That means traders can monitor markets and keep their mobile app in step with their online account on either platform. In terms of overall mobile app quality, FXCM has the edge with a 4.5-star rating and a #16 ranking out of 36 brokers, while Eightcap is rated 4 stars and ranks #31.
Where Eightcap stands out is charting depth: its mobile app includes 100 technical studies, compared with 59 on FXCM. For traders who rely heavily on mobile chart analysis, that wider selection may be appealing. Still, FXCM scores better overall for mobile trading apps, so the better choice may come down to whether you value a stronger all-around app experience or a larger set of chart tools.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 59 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FXCM has the edge over Eightcap. Both brokers provide daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with upcoming global events. However, FXCM goes further by offering forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus research from Trading Central and TipRanks. Eightcap does not offer those same news and research options, though it does include Acuity Trading tools.
That extra range helps FXCM score higher for research, with a 4.5-star rating and an 11th-place ranking out of 36 brokers, compared with Eightcap’s 3.5-star rating and 33rd-place ranking. In simple terms, both brokers cover the basics well, but FXCM gives traders more in-depth market insight and more ways to study price action and news flow.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, FXCM has a clear edge over Eightcap. FXCM offers forex and CFD learning content, monthly live webinars, and a strong library of beginner and advanced videos, making it easier for new traders to learn step by step and keep growing over time. It is also rated 4.5 out of 5 for Education and ranked #13 out of 36 brokers by ForexBrokers.com, which reflects a strong overall learning offering.
Eightcap also gives beginners useful starting material, including at least 10 beginner trading videos and forex or CFD education content, but it falls behind FXCM in a few important areas. It does not offer monthly educational webinars, and it lacks at least 10 advanced educational videos for more experienced traders. Eightcap is rated 3.5 out of 5 for Education and ranked #31 out of 36, so while it covers the basics, FXCM provides a better learning path for most beginners.
| Feature |
FXCM
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FXCM is better than Eightcap. FXCM finished with an overall rank of #10, while Eightcap finished with an overall rank of #30.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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Eightcap
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|---|---|---|
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| Trust Score | 95 | 87 |
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FXCM vs Eightcap: neither broker lets you buy or take delivery of actual cryptocurrencies, but both support trading cryptocurrency CFDs.
Comparing deposit and withdrawal options, FXCM supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while Eightcap offers PayPal, Skrill, and bank wires but not ACH/SEPA, with Visa/Mastercard availability not specified for either broker.
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 | FXCM | Eightcap | |
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| Trust Score | 95 | 87 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
| Broker Screenshots | FXCM | Eightcap | |
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| Regulation | FXCM | Eightcap | |
|---|---|---|---|
| Trust Score | 95 | 87 | |
| 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 | 4 | 3 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 2 |
| Tier-1 Licenses (Highly Trusted) | FXCM | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | FXCM | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 803 | |
| Forex Pairs (Total) | 46 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FXCM | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.9 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | Eightcap | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | FXCM | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 59 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FXCM Review | Eightcap Review |
| Overall | FXCM | Eightcap | |
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| Trust Score | 95 | 87 | |
| Winner | check_circle | ||
| Review | FXCM Review | Eightcap Review |
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