Written by ForexBrokers.com
In this head to head comparison of XM Group 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.
XM Group vs Eightcap: both online brokers were founded in 2009, and neither is publicly traded or operates as a bank. Based on the ForexBrokers.com Trust Score, XM Group earns 93/99 (highly trusted), while Eightcap earns 87/99 (trusted).
In terms of regulation, XM Group holds 4 Tier-1 licenses and 3 Tier-2 licenses; Eightcap holds 3 Tier-1 and 1 Tier-2. ForexBrokers.com considers Tier-1 regulators highly trusted and Tier-2 trusted. Trust Score ranges are 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, XM Group trails behind many competitors. Its standard account has expensive spreads, and the broker does not publish average spreads for its commission-based XM Zero account, which makes it harder for traders to compare true trading costs upfront. XM Group is rated 3.5 out of 5 stars and is ranked #34 out of 36 brokers for commissions and fees by ForexBrokers.com.
Eightcap offers more pricing clarity, with two main account choices across its global entities: a spread-only Standard account and a commission-based Raw account. For the Raw account, Eightcap lists an average spread of 0.06 pips, and after the $3.50 per-side commission is included, the all-in cost is about 0.76 pips, which is slightly better than the industry average of 0.8 pips. Eightcap is rated 4.5 out of 5 stars and is ranked #20 out of 36 for commissions and fees.
Overall, Eightcap offers lower and more transparent pricing than XM Group for most traders, especially those using the Raw account, while XM Group’s fee structure appears less competitive and less clear. Even so, Eightcap is still a little more expensive than the very lowest-cost forex brokers.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average spread (EUR/USD) - Standard account | 2 | 1.0 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | 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, XM Group offers more choice than Eightcap overall. XM Group gives traders access to 1,429 tradable symbols, compared with 803 at Eightcap, while both brokers offer the same number of forex pairs at 55. Both also support forex trading as CFDs and provide cryptocurrency CFDs, but neither lets clients buy actual cryptocurrency. For forex traders, the two are evenly matched on pair count, but XM Group has the wider list of markets.
XM Group stands out further by offering exchange-traded securities on both U.S. and international exchanges, such as Apple shares and Vodafone shares, while Eightcap does not offer these types of non-CFD stock purchases. XM Group also includes copy trading, which Eightcap does not. These differences help explain XM Group’s higher Range of Investments rating of 4.5/5 and its #19 ranking out of 36 brokers, compared with Eightcap’s 3.5/5 rating and #29 ranking.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1429 | 803 |
| Forex Pairs (Total) | 55 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | 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.
XM Group and Eightcap both give traders a similar mix of platform choices, including free demo accounts, MetaTrader 4, MetaTrader 5, web-based trading, and Windows desktop downloads. Each broker also lets users place trades directly from a chart, which can make it easier to act quickly while reviewing price movements. Neither broker offers a proprietary platform, so both focus on widely used third-party tools instead of in-house software.
One key difference is copy trading: XM Group offers it, while Eightcap does not. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, but XM Group is ranked higher overall at #27 out of 36 brokers, compared with Eightcap at #31. For traders who want a slightly wider set of platform features, XM Group has the edge, while Eightcap still covers the main basics well.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | 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) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and Eightcap both offer mobile trading apps for iPhone and Android, along with helpful features like price alerts, watchlist syncing, and trendline drawing on charts. Each broker also earns 4 out of 5 stars for mobile trading apps, so both provide a solid experience for traders who want to manage positions on the go. In the ForexBrokers.com rankings for this category, XM Group comes in at #26 out of 36 brokers, while Eightcap sits at #31.
The main difference is in charting tools and convenience. XM Group’s app includes 30 technical studies, while Eightcap offers 100, giving Eightcap more chart indicators to work with. However, Eightcap also has one extra advantage: it automatically saves chart drawings, while XM Group does not. For traders who want more charting options and less manual setup, Eightcap has the edge, while XM Group still covers the basics well.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and Eightcap both give traders daily market commentary, a sentiment tool for checking long and short positions, and an economic calendar for tracking key global events. XM Group stands out for market research because it also offers forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools such as Technical Analytics. Eightcap does not provide top-tier forex news or Trading Central research, but it does offer Acuity Trading tools like Signal Centre.
When it comes to research, XM Group is rated 5 stars and ranked #8 out of 36 brokers by ForexBrokers.com, while Eightcap is rated 3.5 stars and ranked #33. Neither broker offers Autochartist or TipRanks research, so XM Group has the clearer edge for traders who want more market analysis and news support in one place.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | 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 for learning materials, XM Group comes out ahead of Eightcap. XM Group offers forex and CFDs education, monthly educational client webinars, and a large library of beginner and advanced videos, giving new traders plenty of ways to learn at their own pace. It is also rated 5 stars for Education and ranks #5 out of 36 brokers by ForexBrokers.com in this category, which points to a strong focus on trader learning.
Eightcap still provides useful beginner support, including at least 10 beginner trading videos and forex or CFDs education, but it does not offer monthly educational webinars and does not match XM Group’s depth of advanced video content. Its Education score is 3.5 stars, and it ranks #31 out of 36 brokers, so while it can help beginners get started, it offers a more limited learning experience overall.
| Feature |
XM Group
|
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 XM Group is better than Eightcap. XM Group finished with an overall rank of #16, while Eightcap finished with an overall rank of #30.
XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.
| Feature |
XM Group
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Eightcap
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| Trust Score | 93 | 87 |
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In the XM Group vs Eightcap comparison, neither online broker allows purchasing actual (delivered) cryptocurrency, but both support trading cryptocurrency via CFDs.
XM Group vs Eightcap: as online brokers, neither supports ACH or SEPA for funding, both offer Skrill and bank wire transfers, only Eightcap supports PayPal, and Visa/Mastercard availability 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.
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0 of 5| Overall Rating | XM Group | Eightcap | |
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| Trust Score | 93 | 87 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
| Broker Screenshots | XM Group | Eightcap | |
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| Regulation | XM Group | Eightcap | |
|---|---|---|---|
| Trust Score | 93 | 87 | |
| 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 | 4 | 3 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | XM Group | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| 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) | XM Group | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1429 | 803 | |
| Forex Pairs (Total) | 55 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | 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 | XM Group | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 2 | 1.0 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XM Group | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | 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 | XM Group | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | Eightcap Review |
| Overall | XM Group | Eightcap | |
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| Trust Score | 93 | 87 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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