Written by ForexBrokers.com
In this head to head comparison of Eightcap vs TopFX, 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, holds a respectable position within the realm of online brokers. It is not publicly traded and does not operate as a bank, but it distinguishes itself with three Tier-1 licenses, considered highly trusted, according to ForexBrokers.com. These credentials contribute to its Trust Score rating of 85 out of 99, categorizing it as a trusted broker.
In contrast, TopFX, which began operations in 2010, also remains privately held and is not a bank. While it possesses one Tier-1 license, its Trust Score of 67 reflects a higher risk designation compared to Eightcap. With both brokers maintaining non-bank, non-public statuses, discerning investors might find Eightcap's licensing and trust ratings more reassuring.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| Year Founded | 2009 | 2010 |
| 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 | 1 |
When comparing the commissions and fees of Eightcap and TopFX, both brokers offer competitive options but with slight differences in their pricing models. Eightcap provides two account types: the commission-based Raw account and the spread-only Standard account. The Raw account features an average spread of 0.06 pips, but the addition of a $3.50 commission per trade brings the all-in cost to around 0.76 pips. This combined rate is just under the industry average of 0.8 pips, making Eightcap slightly pricier than the most cost-effective forex brokers. With a star rating of 4 out of 5 for commissions and fees, Eightcap ranks #26 out of 62 brokers according to ForexBrokers.com.
TopFX also offers two account types, both accessible on MetaTrader and cTrader: the commission-free ZERO account and the commission-based RAW account. The RAW account includes a 2.75 EUR per side commission, leading to all-in costs of approximately 0.88 pips for popular currency pairs like EUR/USD. This is considered average within the industry. The ZERO account does not charge commissions, but includes higher spreads averaging 1.03 pips for the same currency pair. TopFX, like Eightcap, earns a 4-star rating for its commissions and fees but is ranked slightly lower at #40 out of 62 brokers on ForexBrokers.com.
Both brokers offer solid choices for online trading with their distinct fee structures. Eightcap slightly edges out with lower costs on its Raw account when compared to TopFX's RAW account. However, for traders favoring a spread-only model, TopFX's ZERO account provides a simple yet slightly costlier solution.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| Minimum Deposit | $100 | Depends on payment method |
| Average Spread EUR/USD - Standard | 1.0 | 1.03 |
| All-in Cost EUR/USD - Active | 0.76 | 0.88 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| 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 TopFX as online brokers, both provide clients the ability to trade forex either as a CFD or spot contract. Eightcap offers a wider selection of symbols, with 736 available compared to TopFX’s 655. However, when it comes to forex pairs, TopFX takes the lead with 60 pairs, edging out Eightcap’s 56. Neither broker allows trading of exchange-traded securities on U.S. or international exchanges, meaning clients cannot purchase stocks like Apple or Vodafone directly. Customers interested in copy trading will find this service available with both brokers, enhancing the trading experience through shared strategies. Additionally, both Eightcap and TopFX offer cryptocurrency derivatives, though neither trades actual cryptocurrencies.
In terms of investment range, both Eightcap and TopFX receive a rating of 3.5 out of 5 stars. Despite this equal score, Eightcap ranks slightly higher at number 40 compared to TopFX, which sits at rank 46 out of 62 brokers according to ForexBrokers.com. This minor difference in ranking may be influenced by Eightcap’s broader range of tradeable symbols, though both platforms present viable options for those looking to explore CFD trading, forex pairs, and cryptocurrency derivatives without the need for direct securities investment.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 655 |
| Forex Pairs (Total) | 56 | 60 |
| 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 it comes to trading platforms and tools, both Eightcap and TopFX offer a comparable suite that caters to both new and experienced traders. Both brokers provide free virtual demo accounts for simulated trading, empowering traders to practice with no risk. Users will find the popular MetaTrader 4 (MT4) platform available with both brokers, but only Eightcap extends its offering to include MetaTrader 5 (MT5). Both platforms offer Windows-based desktop and web-based trading, with the inclusion of copy trading features. However, neither broker offers proprietary platforms or support for DupliTrade and ZuluTrade, keeping their focus on established trading applications.
In terms of trading tools, both Eightcap and TopFX provide traders with 15 drawing tools and the ability to trade directly from charts, making it easier to make informed decisions from visual data. Their watch lists offer 7 customizable columns to organize your market insights. Despite these features, Eightcap narrowly outranks TopFX, coming in at #38 compared to TopFX's #44 in ForexBrokers.com’s Trading Platforms and Tools category. Both earn a respectable rating of 4 out of 5 stars, indicating user satisfaction with their versatile offerings, though there might be room for enhancements to reach the top tier.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| 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 | No |
| 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 Eightcap and TopFX for their mobile trading apps, both options offer iPhone and Android apps, allowing traders convenient access from their preferred devices. Traders will find a range of features such as stock or forex price alerts and the ability to create watchlists with real-time quotes on both platforms. Charting capabilities are extensive as well, with both Eightcap and TopFX supporting 30 technical studies, the ability to draw trendlines, and multiple time frame views. An important distinction is Eightcap's support for watchlist symbol syncing, ensuring any changes made are reflected across both the app and the client's online account, a feature TopFX lacks.
Both platforms ensure that your drawings on charts are auto-saved, providing peace of mind for traders who rely on seamless functionality. Despite these similarities, Eightcap edges out TopFX in overall ranking for mobile trading apps, securing the 38th position out of 62 brokers according to ForexBrokers.com, whereas TopFX settles at 51st. Ratings show both platforms receiving 4 out of 5 stars, suggesting comparable user experiences, but Eightcap's higher ranking reflects a broader favorability among traders. Whether users choose Eightcap or TopFX, they can expect a reliable trading experience supported by feature-rich mobile applications.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| 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.
When comparing Eightcap and TopFX for market research offerings, there are noteworthy distinctions that can guide potential users in making a choice. Eightcap stands out with its provision of daily market commentary and a sentiment-based trading tool that helps traders gauge market positions. Moreover, it offers an economic calendar to keep traders informed on global economic events. However, it lacks in offering forex news from prestigious sources like Bloomberg and Reuters, which is a notable strength for TopFX. TopFX also has the upper hand by providing technical analysis tools from providers like Autochartist and Trading Central, enhancing its research capabilities significantly.
In the realm of market research, both brokers share some limitations, such as not offering market research from TipRanks or research tools from Acuity Trading. Despite these common shortcomings, Eightcap ranks higher in overall research evaluation, securing a 3.5-star rating and ranking 39th among 62 brokers reviewed by ForexBrokers.com. In contrast, TopFX holds a 3-star rating and ranks 59th in the same category, reflecting its relatively narrower market research offerings. For traders who prioritize comprehensive research tools and well-rounded market insights, these differences could play a key role in selecting the broker that best suits their trading strategy.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | Yes |
| 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 it comes to educational resources for beginners, Eightcap stands out in comparison to TopFX. Eightcap offers a variety of learning materials, including a minimum of ten educational pieces centered around forex and CFDs, a solid selection of beginner educational videos, and a comprehensive investor dictionary with over 50 investing terms. Additionally, Eightcap provides a searchable archive of previously recorded webinars, allowing users to easily access past learning sessions. On the other hand, TopFX falls short in these areas, offering fewer educational resources for those new to trading.
Neither Eightcap nor TopFX provides regular monthly webinars, or advanced educational videos catered to experienced traders. However, based on educational offerings, Eightcap scores higher with a 3.5-star rating and a rank of #40 out of 62 brokers on ForexBrokers.com for education. Meanwhile, TopFX receives a 3-star rating, landing at a rank of #60. For beginners eager to delve into trading education, Eightcap offers more comprehensive resources to aid in their learning journey.
| Feature |
Eightcap
|
TopFX
|
|---|---|---|
| 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 TopFX. Eightcap finished with an overall rank of #38, while TopFX finished with an overall rank of #61.
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
|
TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 67 |
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Both Eightcap and TopFX do not offer the ability to buy actual delivered cryptocurrency, but they do provide options for purchasing cryptocurrency derivatives.
Both Eightcap and TopFX offer a variety of deposit and withdrawal options including PayPal, Skrill, Visa/Mastercard, and bank wires, although neither supports ACH or SEPA transfers.
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 | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Eightcap Review | TopFX Review |
| Broker Screenshots | Eightcap | TopFX | |
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| Regulation | Eightcap | TopFX | |
|---|---|---|---|
| Trust Score | 85 | 67 | |
| Year Founded | 2009 | 2010 | |
| 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 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 655 | |
| Forex Pairs (Total) | 56 | 60 | |
| 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 | TopFX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | 1.03 | |
| All-in Cost EUR/USD - Active | 0.76 | 0.88 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | TopFX | |
|---|---|---|---|
| Minimum Deposit | $100 | Depends on payment method | |
| 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 | No |
| Trading Platforms | Eightcap | TopFX | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | TopFX | |
|---|---|---|---|
| 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 | TopFX | |
|---|---|---|---|
| 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 | TopFX Review |
| Overall | Eightcap | TopFX | |
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| Trust Score | 85 | 67 | |
| Winner | check_circle | ||
| Review | Eightcap Review | TopFX Review |
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