FxPro vs Eightcap 2024

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by two Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and four Tier-4 regulators (High Risk). FxPro is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA) and regulated in the European Union via the MiFID passporting system.

Eightcap is not publicly traded and does not operate a bank. Eightcap is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Eightcap is authorised by the following Tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and regulated in the European Union via the MiFID passporting system.

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

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.

To open a trading account with FxPro, you'll need to make an initial minimum deposit of $100.

Eightcap requires a minimum deposit of $100 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both FxPro and Eightcap offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Eightcap offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Eightcap holds 3 global Tier-1 licenses, while FxPro holds 2. FxPro holds 1 global Tier-2 licenses, while Eightcap holds 0.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that FxPro (90) earned a higher Trust Score than Eightcap (85).

To compare the trading platforms of both FxPro and Eightcap, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, FxPro offers superior market research. Finally, we found FxPro to provide better mobile trading apps.

Here’s what trading platforms are available at FxPro:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Eightcap:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both FxPro and Eightcap offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. FxPro and Eightcap both offer copy trading.

FxPro provides traders 70 currency pairs (e.g., EUR/USD) compared to Eightcap's 56 available pairs. If you are interested in trading a full range of securities, FxPro offers traders access to 2249 tradeable symbols, while Eightcap offers access to 736 tradeable symbols; so FxPro offers 1513 more tradeable symbols than Eightcap.

We found in our testing that FxPro offers a more diverse selection of investment options than Eightcap, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).