Written by ForexBrokers.com
In this head to head comparison of Eightcap vs FXGT.com, 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, founded in 2009, is a privately-owned online broker that has earned a Trust Score of 85 from ForexBrokers.com, categorizing it as a trusted institution. The company holds three Tier-1 licenses, which are highly trusted by industry standards, enhancing its credibility among traders. Although Eightcap is not publicly traded or a banking institution, its longstanding presence and regulatory compliance reinforce its reliability in the online trading space.
FXGT.com, established in 2019, is also a private company, achieving a Trust Score of 69, which places it in the high-risk category according to ForexBrokers.com. While FXGT.com is not a bank or listed on a stock exchange, it holds one Tier-1 license and one Tier-2 license, showing some level of regulatory commitment. Despite the recent start and higher risk rating, these licenses offer a degree of security for its users. Overall, Eightcap appears to offer a more trusted option, particularly for those prioritizing regulatory assurance.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Year Founded | 2009 | 2019 |
| 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 | 2 |
When comparing the commissions and fees of online brokers Eightcap and FXGT.com, you'll find distinct differences in their offerings. Eightcap provides two account types: the commission-based Raw account and the spread-only Standard account. For the Raw account, the average spread is remarkably low at 0.06 pips, but it comes with a per-side commission of $3.50 per trade, making the total cost approximately 0.76 pips. This rate is slightly below the industry average of 0.8 pips. Despite these competitive rates, Eightcap's fees are a bit higher compared to the lowest-cost forex brokers.
Unfortunately, FXGT.com does not provide specific average spread data, making it challenging to directly compare costs with Eightcap. Nevertheless, using a broader comparison, customers might find Eightcap to be slightly more economical in terms of commissions and fees, although both brokers offer unique value propositions.
When it comes to ratings, Eightcap earns 4 out of 5 stars for its commissions and fees, ranking it 26th out of 62 brokers according to ForexBrokers.com. FXGT.com, on the other hand, receives a slightly lower rating of 3.5 stars and ranks 55th out of the same 62 brokers for the Commissions and Fees category. This ranking suggests that Eightcap is generally seen as a slightly more competitive choice regarding trading costs.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $100 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Eightcap and FXGT.com on their range of available investments, both platforms offer forex trading through CFDs, providing a solid foundation for those keen on currency trading. Eightcap takes the lead by offering a broader selection with 736 tradeable symbols, significantly surpassing FXGT.com's 117 symbols. This variety includes 56 forex pairs at Eightcap compared to FXGT.com's 53. Neither platform provides options for trading actual exchange-traded securities on U.S. or international exchanges, and both offer cryptocurrency trading solely through derivatives, not as direct purchases.
For those interested in mirroring other traders, both platforms support copy trading features. While Eightcap and FXGT.com each have their strengths, Eightcap edges out in terms of variety and selection, being rated 3.5 stars for its range of investments compared to FXGT.com's 3 stars. This distinction is further highlighted by their rankings, with Eightcap placed 40th and FXGT.com at 60th among 62 brokers in a study by ForexBrokers.com.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 117 |
| Forex Pairs (Total) | 56 | 53 |
| 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.
Both Eightcap and FXGT.com offer a variety of trading platforms and tools to cater to different types of traders. Both brokers provide simulated trading through free virtual demo accounts, which is great for beginners learning the ropes or experienced traders testing new strategies. While neither broker has a proprietary platform, they both support popular platforms like MetaTrader 4 and MetaTrader 5, available on both Windows-based desktop and web-based browsers. In addition, both brokerages offer copy trading capabilities, allowing users to mirror successful trades from others with ease.
Despite their similarities, there are some distinguishing features between the two when it comes to charting tools and watchlist customizability. Eightcap offers 15 drawing tools for charting, whereas FXGT.com provides 23, giving a slight edge for those who rely heavily on technical analysis. However, Eightcap offers a more customizable watchlist with 7 columns compared to 5 offered by FXGT.com. Both brokers allow for direct trading from stock charts, and both received a solid 4-star rating for their trading platforms and tools. When compared to 62 brokers, Eightcap holds a higher rank at 38, while FXGT.com is at 56 according to ForexBrokers.com.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Eightcap and FXGT.com offer comprehensive mobile trading apps available for iPhone and Android users, giving traders access to features like stock and forex price alerts and watchlist symbol syncing across devices. Each app provides users the ability to create watchlists with real-time quotes, employ 30 technical studies for charting, and draw trendlines on charts. They also support viewing of multiple time frames, such as daily, weekly, or intraday, and automatically save chart drawings, enhancing the convenience for traders on the go.
However, when it comes to user ratings and overall rankings, Eightcap edges slightly ahead with a 4-star mobile app rating and a #38 ranking out of 62 brokers according to ForexBrokers.com. FXGT.com, while still a strong contender, holds a 3.5-star rating and ranks #58 in the same category. Both apps deliver solid performances, but Eightcap's higher rating and ranking suggest a more favorable user experience among traders.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| 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, Eightcap stands out by providing daily market commentary, setting it apart from FXGT.com, which does not offer this feature. Both brokers fall short in offering forex news from major sources like Bloomberg or Reuters, and neither integrates tools from Autochartist or Trading Central. However, they both offer sentiment-based trading tools that display the ratio of long and short positions across various instruments, aiding traders in making informed decisions.
In terms of supplemental research, neither Eightcap nor FXGT.com provides tools from companies such as TipRanks or Acuity Trading. However, both brokers ensure traders have access to an economic calendar showcasing significant global news events. While Eightcap receives a higher research rating of 3.5 stars and ranks 39th out of 62 brokers on ForexBrokers.com, FXGT.com has a 3-star rating and ranks 56th. These distinctions underscore Eightcap's slightly better standing in providing research tools and resources compared to FXGT.com.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 offerings of Eightcap and FXGT.com, beginners might find Eightcap to be the more resource-rich option. Eightcap provides a range of educational materials, including a minimum of ten pieces focused on forex and CFDs, such as articles, videos, and archived webinars. Additionally, Eightcap offers a searchable archive of recorded webinars and a collection of educational videos tailored specifically for beginners. The broker also provides an investor dictionary with definitions of over fifty investing terms, making it easier for beginners to understand industry jargon. These resources contribute to Eightcap's education rating of 3.5 stars out of five and a ranking of #40 among 62 brokers in the education category by ForexBrokers.com.
In contrast, FXGT.com might appear less equipped for beginners in terms of educational resources. It falls short in providing the minimum ten educational pieces on forex and CFDs subjects, and does not offer beginner-focused educational videos or a searchable archive of recorded webinars. However, similar to Eightcap, FXGT.com also offers an investor dictionary with definitions for over fifty investing terms. Despite these offerings, FXGT.com is rated 3 stars for education and ranks #59 out of 62 brokers in the same category. Beginners looking for more structured and comprehensive educational resources may find Eightcap a more fitting choice to get started with forex and CFDs trading.
| Feature |
Eightcap
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| 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 62 of the best forex brokers, our research and account testing finds that Eightcap is better than FXGT.com. Eightcap finished with an overall rank of #38, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Eightcap and FXGT.com allow users to trade cryptocurrency derivatives but do not offer the option to purchase actual delivered cryptocurrency.
When comparing online brokers Eightcap and FXGT.com, Eightcap does not support ACH or SEPA transfers but offers PayPal and Skrill alongside Visa/Mastercard and bank wires for transactions, while FXGT.com offers ACH and SEPA transfers with Visa/Mastercard and bank wires, but lacks PayPal and Skrill options.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Eightcap | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Eightcap | FXGT.com | |
|---|---|---|---|
| Trust Score | 85 | 69 | |
| Year Founded | 2009 | 2019 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 117 | |
| Forex Pairs (Total) | 56 | 53 | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Eightcap | FXGT.com | |
|---|---|---|---|
| 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 | 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 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 69 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill