Written by ForexBrokers.com
In this head to head comparison of Eightcap vs IFC Markets, 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.
When comparing online brokers, Eightcap and IFC Markets both bring unique aspects to the table, but they stand apart in terms of regulatory trust. Founded in 2009, Eightcap holds 3 Tier-1 licenses, which are seen as highly trusted by industry standards. With a Trust Score of 85 out of 99 according to ForexBrokers.com, it falls under the 'trusted' category. While it is not publicly traded or a bank, Eightcap has built a solid reputation in the financial market.
IFC Markets, on the other hand, was founded earlier in 2006 but holds no Tier-1 licenses, and only 1 Tier-2 license, which is rated as trusted. With a Trust Score of 73, IFC Markets is considered to be of average risk, slightly below Eightcap in trustworthiness. Similar to Eightcap, IFC Markets is neither a publicly traded company nor a bank. Understanding these distinctions can help consumers decide which platform better aligns with their financial goals and comfort with risk.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| Year Founded | 2009 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 0 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Eightcap provides two main account types available through its global entities, including those in Australia and the Bahamas. Traders can choose between a commission-based Raw account or a spread-only Standard account. The Raw account offers an average spread of 0.06 pips but includes a per-side commission of $3.50 per trade, resulting in an all-in cost of approximately 0.76 pips. This positions Eightcap slightly above the industry average but still competitive among other forex brokers.
On the other hand, IFC Markets does not provide specific average spread data, making a direct comparison with Eightcap challenging. This lack of detailed fee transparency may leave potential traders seeking more information before deciding on whether IFC Markets meets their trading needs.
Both Eightcap and IFC Markets receive a commendable rating of 4 out of 5 stars for commissions and fees. However, in the ForexBrokers.com rankings among 62 brokers, Eightcap holds the 26th position, while IFC Markets is ranked 39th, highlighting a slightly better standing for Eightcap in this category.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $100 | $1 |
| Average Spread EUR/USD - Standard | 1.0 | 1.44 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| 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.
Eightcap and IFC Markets both provide the ability to trade forex through CFDs or spot contracts, making them suitable choices for currency traders. Eightcap boasts a slightly larger selection with 736 tradeable symbols, compared to IFC Markets’ 630. When it comes to forex pairs specifically, Eightcap again has the edge with 56 pairs, whereas IFC Markets offers 49. Both brokers support cryptocurrency trading via derivatives but do not provide the option to purchase actual cryptocurrency. Each platform also offers copy trading services, enhancing the trading experience for users who prefer to mirror successful strategies.
While neither Eightcap nor IFC Markets provides access to direct U.S. exchange-traded securities, IFC Markets does allow trading in international stocks like Vodafone on the London Stock Exchange, unlike Eightcap. Despite these differences, both are similarly rated at 3.5 stars for their range of investments. However, Eightcap is ranked slightly higher in this category, placing 40th out of 62 brokers by ForexBrokers.com, while IFC Markets is ranked at 43rd.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 630 |
| Forex Pairs (Total) | 56 | 49 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
Eightcap and IFC Markets are two prominent online brokers that cater to those interested in trading platforms and tools. Both brokers offer free virtual demo accounts, making it easy for users to practice trading without financial risk. Eightcap and IFC Markets provide access to popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), along with Windows-based desktop downloads and web-based options. While Eightcap lacks a proprietary platform, IFC Markets offers its own in-house developed platform, catering to traders seeking unique features. Each broker also supports copy trading services, though neither includes popular tools like DupliTrade or ZuluTrade. With a shared offering of 15 drawing tools and the ability to trade directly from stock charts, these platforms ensure traders have ample resources for analysis.
When assessing each broker's offerings for platform-specific features, both Eightcap and IFC Markets provide a user-friendly experience with seven columns available for customizable watch lists. Despite receiving equal ratings of four stars for trading platforms and tools, IFC Markets slightly edges Eightcap with its ForexBrokers.com ranking at #36 compared to Eightcap's #38 out of 62 brokers. This slight edge reflects IFC Markets' competitive advantage in offering a proprietary platform, which might appeal more to traders seeking a distinct trading environment.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| 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 offered by Eightcap and IFC Markets, both platforms provide comprehensive options for traders on the go. Users of either iPhone or Android devices can access apps from both brokers. Each app is equipped with features that cater to traders who want to stay informed, such as stock and forex price alerts, and the ability to create watchlists that sync seamlessly with online accounts. Both platforms also offer 30 technical studies for chart analysis, the ability to draw trendlines, and view multiple time frames like daily, weekly, or intraday. Additionally, auto-saving for chart drawings ensures that users' analyses are preserved across sessions without any manual intervention.
While both apps mirror each other's capabilities in many respects, the difference lies in user ratings and rankings. Eightcap's mobile trading app holds a four-star rating and is ranked 38th among 62 brokers by ForexBrokers.com, whereas IFC Markets also boasts a four-star rating but comes in at a slightly lower 52nd place in the same ranking. Despite these differences, both platforms provide traders with a reliable and feature-rich mobile trading experience.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| 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 comparing Eightcap and IFC Markets in terms of market research offerings, both brokers provide daily market commentary to keep traders updated on the latest trends and analysis. However, neither broker sources forex news from top-tier providers like Bloomberg or Reuters. Additionally, neither Eightcap nor IFC Markets supports tools like Autochartist or Trading Central for technical or fundamental analysis, yet they both offer a sentiment-based trading tool that provides insights into trader positioning across different instruments. Both brokers also offer an economic calendar to help traders stay informed about important global news and events.
Despite these similarities, both Eightcap and IFC Markets have a research rating of 3.5 out of 5 stars. Their research capabilities place them toward the lower middle of the pack, with Eightcap ranked #39 and IFC Markets slightly behind at #40 out of 62 brokers according to ForexBrokers.com. This comparison highlights their relatively basic market research offerings but also their commitment to providing essential tools and commentary to support traders' decision-making processes.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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 resources available for beginners at Eightcap and IFC Markets, both brokers provide a solid foundation. Eightcap offers a variety of articles, videos, and archived webinars focused on forex and CFDs, ensuring access to more than ten educational materials. Similarly, IFC Markets also makes available an adequate number of educational resources centered on the same trading subjects. While neither broker hosts live monthly webinars, Eightcap distinguishes itself by providing a searchable archive of previously recorded webinars, which IFC Markets lacks. Beginners looking for video content will find that both platforms offer at least ten videos tailored to those new to trading. Additionally, both brokers supply an investor dictionary with over 50 investment-related terms, helping beginners to familiarize themselves with essential terminology.
For education tailored to more experienced traders, IFC Markets surpasses Eightcap by offering a collection of advanced educational videos not available with Eightcap. Despite these differences, both brokers are equally rated with 3.5 stars for their educational offerings. However, when ranked by ForexBrokers.com for education, IFC Markets holds a slightly better position at number 30 out of 62 brokers compared to Eightcap's ranking of number 40. As you evaluate these brokers, consider your needs for beginner-friendly content versus more advanced trading resources.
| Feature |
Eightcap
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 IFC Markets. Eightcap finished with an overall rank of #38, while IFC Markets finished with an overall rank of #45.
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
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IFC Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
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Both Eightcap and IFC Markets offer the ability to buy cryptocurrency derivatives, but neither broker provides the option to buy actual delivered cryptocurrencies.
When comparing online brokers Eightcap and IFC Markets on payment options, Eightcap offers more flexibility with PayPal and Skrill in addition to bank wires and Visa or Mastercard, whereas IFC Markets provides only Visa, Mastercard, and bank wires, lacking both PayPal and Skrill as deposit or withdrawal methods.
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 | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
| Broker Screenshots | Eightcap | IFC Markets | |
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| Regulation | Eightcap | IFC Markets | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2009 | 2006 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 630 | |
| Forex Pairs (Total) | 56 | 49 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| 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). |
| Cost | Eightcap | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $1 | |
| 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 | No |
| Trading Platforms | Eightcap | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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 | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Eightcap | IFC Markets | |
|---|---|---|---|
| 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 | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review |
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