Written by ForexBrokers.com
In this head to head comparison of OANDA vs Eightcap, 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.
Comparing OANDA and Eightcap on safety and oversight: OANDA was founded in 1996 and Eightcap in 2009. Neither is publicly traded or a bank. On ForexBrokers.com’s 99-point Trust Score, 90–99 signals a highly trusted broker, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not recommended. OANDA scores 92 (highly trusted), while Eightcap scores 87 (trusted).
Regulation is a key difference. OANDA holds 7 Tier-1 licenses and 0 Tier-2 licenses; Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Tier-1 regulators are seen by ForexBrokers.com as the most dependable. If you want the widest top-tier oversight, OANDA leads; if you’re comfortable with a trusted rating and a mix of Tier-1 and Tier-2 approvals, Eightcap also stands out.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Year Founded | 1996 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 3 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing OANDA vs. Eightcap for commissions and fees, both brokers sit in the middle of the pack rather than among the cheapest choices. OANDA earns 4 stars and ranks #30 out of 36 brokers for Commissions and Fees. Its trading costs are generally on the higher side, with average EUR/USD spreads of 1.61 pips on its default pricing in July 2024. OANDA does offer lower “core pricing” with a $5 per-side commission per $100,000 traded, but this account requires a $10,000 minimum deposit, and the all-in cost is only slightly better than the standard setup. A key plus is that OANDA allows very small trade sizes, down to 1 unit, and active traders may qualify for rebates through its Elite Trader program.
Eightcap comes out a bit stronger on pricing, with 4.5 stars and a #20 ranking out of 36 for Commissions and Fees. Its Raw account shows an average spread of 0.06 pips, and after adding the $3.50 per-side commission, the all-in cost is about 0.76 pips, which is close to the industry average. Eightcap also offers a spread-only Standard account, so traders can choose between commission-based and commission-free pricing depending on their style. Overall, Eightcap is the better pick if lower trading costs are a priority, while OANDA may appeal more to traders who value very small trade sizes and automated execution.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.0 |
| All-in Cost EUR/USD - Active | 1.69 | 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, OANDA offers a wider choice than Eightcap. OANDA provides 4,172 tradeable symbols and 69 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers support forex trading through CFDs or spot contracts, and both offer cryptocurrency CFDs. However, OANDA also lets clients buy actual cryptocurrency, while Eightcap does not.
OANDA also gives access to exchange traded securities on both U.S. and international exchanges, such as Apple and Vodafone shares, while Eightcap does not offer these products. In addition, OANDA supports copy trading, which Eightcap does not. These extra options help explain OANDA’s stronger rating of 4.5 out of 5 for Range of Investments and its higher ranking of #20 out of 36 brokers, compared with Eightcap’s 3.5 rating and #29 ranking.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 803 |
| Forex Pairs (Total) | 69 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
OANDA and Eightcap both give traders a solid mix of platform choices, including free demo accounts, web trading, Windows desktop downloads, MetaTrader 4, and MetaTrader 5. Each also lets users place trades directly from charts, making it easier to react quickly while analyzing price action. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, so they each deliver a good overall platform experience for everyday traders.
The main difference is that OANDA offers its own in-house platform and copy trading, while Eightcap does not offer either of those features. That gives OANDA an edge for traders who want a broker-built platform or want to follow other traders. This is also reflected in the rankings: OANDA is placed #16 out of 36 brokers for Trading Platforms and Tools, while Eightcap ranks #31, making OANDA the stronger pick in this area.
| Feature |
OANDA
|
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) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and Eightcap both make it easy to trade on the go, since each offers iPhone and Android apps, plus price alerts and the ability to draw trendlines on charts. Both mobile apps also save chart drawings automatically, which is helpful if you switch between devices or come back to your analysis later. In these basic areas, the two brokers are closely matched for mobile access and everyday trading convenience.
The main differences show up in charting and app integration. Eightcap has watchlist symbol syncing, so changes made in the mobile app and online account stay in step, while OANDA does not. Eightcap also gives traders more chart tools, with 100 technical studies compared with OANDA’s 30. Still, OANDA comes out ahead in overall mobile app quality, earning a 5-star rating and a #7 ranking out of 36 brokers from ForexBrokers.com, versus Eightcap’s 4 stars and #31 ranking.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA stands out for market research thanks to its mix of daily market commentary, news from top-tier sources like Bloomberg and Reuters, Autochartist tools, sentiment data, and an economic calendar. It also earns a stronger overall research profile, with a 5-star rating and a #4 ranking out of 36 brokers from ForexBrokers.com. This gives traders a wider set of resources for following price moves, spotting patterns, and tracking important news events.
Eightcap also offers daily market commentary, sentiment tools, and an economic calendar, but its research offering is more limited overall. It does not include top-tier forex news or Autochartist, though it does provide Acuity Trading tools such as Signal Centre. With a 3.5-star research rating and a #33 ranking out of 36 brokers, Eightcap may suit traders who want a basic research setup, while OANDA offers a more complete package.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn forex and CFD trading, OANDA comes out ahead of Eightcap on education. OANDA offers forex and CFDs learning content, monthly client webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. It also earns a 5-star Education rating and ranks #18 out of 36 brokers for the category, which suggests a wider range of learning support for traders at different stages.
Eightcap still provides useful beginner video content, including at least 10 videos for new traders, but it falls behind OANDA in several key areas. It does not offer monthly educational webinars, does not meet the benchmark for forex or CFD education content, and does not have at least 10 advanced educational videos. With a 3.5-star Education rating and a #31 ranking out of 36 brokers, Eightcap may suit traders who want some basic learning materials, while OANDA is the stronger choice for beginners who want more guidance and ongoing support.
| Feature |
OANDA
|
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 OANDA is better than Eightcap. OANDA finished with an overall rank of #13, while Eightcap finished with an overall rank of #30.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
Eightcap
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 92 | 87 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In the OANDA vs Eightcap comparison for cryptocurrency trading, OANDA supports buying actual (delivered) cryptocurrencies and trading crypto CFDs, whereas Eightcap offers crypto CFDs only and does not provide access to purchasing real, delivered crypto.
OANDA vs Eightcap: both online brokers support bank wire transfers, PayPal, and Skrill for deposits and withdrawals, but only OANDA offers ACH/SEPA, while Visa or Mastercard availability for either broker is not specified.
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 | OANDA | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
| Broker Screenshots | OANDA | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | OANDA | Eightcap | |
|---|---|---|---|
| Trust Score | 92 | 87 | |
| Year Founded | 1996 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 7 | 3 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | OANDA | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | OANDA | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 803 | |
| Forex Pairs (Total) | 69 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | OANDA | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.0 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | OANDA | 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) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | OANDA | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | Eightcap Review |
| Overall | OANDA | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 92 | 87 | |
| Winner | check_circle | ||
| Review | OANDA Review | Eightcap Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill