Written by ForexBrokers.com
In this head to head comparison of Eightcap vs RoboForex, 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.
Both Eightcap and RoboForex were established in 2009, and neither is a publicly traded company or a bank. When it comes to regulation, these online brokers differ in their levels of trust and licensing. Eightcap holds three Tier-1 licenses, which is indicative of a high level of trust, while RoboForex holds one Tier-1 license, suggesting a more moderate trustworthiness. Additionally, neither broker possesses any Tier-2 licenses, which ForexBrokers.com classifies as trusted but not as highly as Tier-1.
Considering their Trust Score ratings from ForexBrokers.com, Eightcap scores an 85 out of 99, placing it in the "trusted" category. In contrast, RoboForex has a Trust Score rating of 73, which falls into the "average risk" category. These ratings reflect Eightcap’s stronger regulatory standing compared to RoboForex, offering potential users insights into the relative trust they might place in each broker.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the online brokers Eightcap and RoboForex, their approaches to commissions and fees differ notably. Eightcap offers two account types: the Raw account, which is commission-based, and the Standard account, which features spread-only pricing. For the Raw account, Eightcap lists an average spread of 0.06 pips, but with a commission of $3.50 per trade added in, the total cost averages out to about 0.76 pips. This puts Eightcap slightly below the typical industry cost of 0.8 pips, although it is still not among the cheapest options available. Eightcap scores 4 out of 5 stars and ranks #26 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
In contrast, RoboForex offers its Procent and Pro accounts, which have average spreads of 1.3 pips for EUR/USD. This rate is considered high, potentially impacting traders who prioritize cost efficiency in their forex trades. RoboForex receives a 3.5-star rating for its commissions and fees, reflecting a somewhat competitive but less favorable pricing structure compared to Eightcap. In the ForexBrokers.com Commissions and Fees category, RoboForex is ranked #54 out of 62 brokers, indicating a lesser standing in terms of pricing.
For those evaluating the costs associated with forex trading, Eightcap generally presents a more cost-effective option than RoboForex, especially for traders utilizing the Raw account option. The differences in their ratings and rankings further highlight Eightcap's advantage in offering slightly lower overall trading costs.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.0 | 1.3 |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Eightcap and RoboForex, both provide forex trading as CFDs, but their offerings differ significantly. Eightcap presents 736 tradeable symbols, which includes 56 forex pairs, positioning them well for those keen on currency variations. In contrast, RoboForex stands out with an extensive 8400 tradeable symbols but with a more modest selection of 28 forex pairs. Neither broker offers the option to buy exchange-traded securities on U.S. or international exchanges, but both support copy trading and cryptocurrency derivatives.
In terms of investment range ratings, RoboForex has a four-and-a-half-star score, surpassing Eightcap's three-and-a-half stars. This higher rating reflects their broader range of available symbols. Moreover, according to ForexBrokers.com, RoboForex ranks 20th out of 62 brokers for investment variety, while Eightcap is positioned at 40th, making RoboForex a more versatile option for traders seeking diverse investment opportunities.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 8400 |
| Forex Pairs (Total) | 56 | 28 |
| 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.
When comparing the trading platforms and tools of Eightcap and RoboForex, both brokers offer a variety of options catering to different trading styles. Eightcap and RoboForex both provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. Neither broker has developed a proprietary platform, but both offer well-known systems like MetaTrader 4 and MetaTrader 5. Whether you prefer trading on a Windows-based desktop or a browser-based platform, both brokers have you covered. Additionally, users can access copy trading features with both Eightcap and RoboForex. While they don't offer advanced social trading integrations like DupliTrade or ZuluTrade, both platforms support direct trading from stock charts.
For traders who prioritize technical analysis, Eightcap and RoboForex offer a comprehensive set of tools, including 15 drawing tools for charting. Both platforms support seven fields for watchlists, enabling personalized market tracking. When rated for trading platforms and tools, both Eightcap and RoboForex score four out of five stars, showcasing their commendable offerings. However, Eightcap is ranked slightly higher at #38 compared to RoboForex at #43 by ForexBrokers.com, suggesting a marginal preference for Eightcap among industry experts. Overall, both brokers provide strong options for traders, ensuring a rich trading experience with user-friendly tools.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| 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 | 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.
Both Eightcap and RoboForex offer versatile mobile trading apps for iPhone and Android users, complete with essential features such as price alerts, the ability to draw trendlines on charts, and viewing multiple time frames. Each platform provides 30 technical studies for detailed chart analysis, ensuring traders have the tools needed for informed decision-making. However, Eightcap holds an advantage with its watchlist symbol syncing feature, allowing seamless integration and updates between the mobile app and the online account, a feature RoboForex does not currently support.
Each app allows the creation of watchlists with real-time quotes and autosaves chart drawings, enhancing convenience for traders on the go. Both Eightcap and RoboForex have received a rating of four stars for their mobile trading apps. According to ForexBrokers.com, Eightcap ranks slightly higher at #38 out of 62 brokers, compared to RoboForex's rank of #43, indicating a minor edge in the competitive mobile trading space.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
Both Eightcap and RoboForex provide daily market commentary to their users, offering valuable insights into daily market movements. However, when it comes to access to top-tier forex news sources like Bloomberg and Reuters, RoboForex has an advantage over Eightcap, which does not provide this service. Both brokers also differ in their offered research tools, with RoboForex providing services from Trading Central and Acuity Trading, unlike Eightcap. This gives RoboForex a broader range of analysis options for its users, whereas Eightcap focuses more on sentiment-based trading tools to help users understand market positions. Notably, both brokers provide an economic calendar to keep users informed about global economic events.
Considering the research services offered by both brokers, they share the same rating of 3.5 out of 5 stars for this category. Despite this equivalent score, ForexBrokers.com ranks RoboForex slightly higher at #37 compared to Eightcap's #39 position out of 62 brokers. While both platforms demonstrate strengths and areas for improvement, potential users might lean towards RoboForex for its more comprehensive access to trading tools and news sources.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at Eightcap and RoboForex, Eightcap stands out with a wider range of offerings. Eightcap provides over ten educational materials focused on forex and CFDs, including articles, videos, and archived webinars. Additionally, Eightcap has a searchable archive of past client webinars and offers more than ten beginner-focused trading videos. The platform also provides an investor dictionary with over 50 investing terms, catering specifically to those new to trading.
In contrast, RoboForex lacks the same level of beginner support, as it does not meet the minimum requirement for educational pieces on forex and CFDs. It also does not offer archived webinars or a significant number of beginner educational videos. RoboForex likewise falls short in providing a comprehensive investor dictionary. Both brokers do not host monthly educational webinars and are rated equally with 3.5 stars out of five for their educational offerings. However, in a broader ranking by ForexBrokers.com, Eightcap is placed at #40 among 62 evaluated brokers, notably ahead of RoboForex, which ranks at #56.
| Feature |
Eightcap
|
RoboForex
|
|---|---|---|
| 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 | No |
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 RoboForex. Eightcap finished with an overall rank of #38, while RoboForex finished with an overall rank of #46.
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
|
RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 73 |
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Both Eightcap and RoboForex offer the ability to buy cryptocurrency derivatives but do not provide options for purchasing actual (delivered) cryptocurrency.
In comparing online brokers Eightcap and RoboForex, both provide options to deposit or withdraw funds via PayPal, Skrill, Visa, Mastercard, and bank wires, yet RoboForex further diversifies by offering ACH or SEPA transfers, which Eightcap does not.
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 | RoboForex | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | RoboForex Review |
| Broker Screenshots | Eightcap | RoboForex | |
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| Regulation | Eightcap | RoboForex | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 2009 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 8400 | |
| Forex Pairs (Total) | 56 | 28 | |
| 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 | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Eightcap | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| 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 | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | RoboForex | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | Eightcap | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | Eightcap | RoboForex | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | Eightcap Review | RoboForex Review |
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