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 and Eightcap are both well-regarded online brokers that began operations in 2009. Neither company is publicly traded or operates as a bank. A significant difference between these brokers lies in their regulatory standing. XM Group enjoys a Trust Score of 88 from ForexBrokers.com, situating them in the 'trusted' category. This score is supported by their possession of four Tier-1 licenses, which are some of the most highly trusted credentials in the industry, and one Tier-2 license, also indicating a commendable level of trust.
In comparison, Eightcap holds a slightly lower Trust Score of 85, which also places them in the 'trusted' category, albeit at a marginally lower level than XM Group. Eightcap holds three Tier-1 licenses, demonstrating credible regulatory backing, though they hold no Tier-2 licenses. While both brokers offer a secure trading environment, XM Group edges out ahead in terms of regulatory oversight and trust indicators. This may be an important consideration for traders prioritizing regulatory assurance and security.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Year Founded | 2009 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When considering commissions and fees, XM Group might not be the most economical choice. The standard account offers expensive spreads, and the average spreads for the XM Zero account, which is based on commission, are not published. This lack of transparency can make it challenging for potential clients to gauge the real cost of trading with XM Group. Rated 4 out of 5 stars for commissions and fees, XM Group ranks #33 out of 62 brokers according to ForexBrokers.com.
In comparison, Eightcap provides a clearer picture of its trading costs with two account types. The commission-based Raw account features an average spread of 0.06 pips. However, there's an additional commission of $3.50 per trade per side, bringing the total cost to approximately 0.76 pips. This rate is slightly below the industry average of 0.8 pips. Despite this, Eightcap is still slightly more expensive than the most affordable forex brokers. Eightcap also earns a 4-star rating for commissions and fees, ranking #26 out of 62 brokers.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $5 | $100 |
| Average Spread EUR/USD - Standard | 1.6 | 1.0 |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 XM Group and Eightcap, both online brokers provide opportunities for forex trading through CFDs or spot contracts. XM Group stands out by offering a more extensive selection of tradeable symbols with 1,394 options, as opposed to Eightcap's 736. While both brokers provide a similar number of forex pairs, XM Group offers access to not only U.S. exchange traded securities, like shares from Apple, but also international stocks, such as Vodafone. In contrast, Eightcap does not offer exchange traded securities from any exchanges.
Both XM Group and Eightcap support copy trading and provide derivatives for cryptocurrencies, although neither broker allows clients to purchase actual cryptocurrencies. This broader range gives XM Group an edge in the variety of investments available, earning it a 4.5-star rating and a #23 ranking on ForexBrokers.com. Eightcap, however, has a lower 3.5-star rating and occupies the #40 spot in the same category, reflecting its narrower range of offerings.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 736 |
| Forex Pairs (Total) | 55 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | 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 offered by XM Group and Eightcap, both brokers provide a comprehensive suite of features that cater to various trading needs. Both companies offer simulated trading through free virtual demo accounts, ideal for beginners looking to practice their skills without financial risk. While neither XM Group nor Eightcap have developed proprietary platforms, they each support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available for both Windows-based desktop download and web-based trading. In addition, they both facilitate copy trading, allowing users to mirror the trades of experienced investors. When it comes to charting capabilities, both brokers offer 15 drawing tools, and their platforms enable trades directly from stock charts.
Rounding out their offerings, XM Group and Eightcap each provide a consistent seven columns for watch lists, making it easier for traders to monitor market trends. Neither broker offers platforms like DupliTrade or ZuluTrade, yet both receive a commendable four-star rating for their trading platforms and tools. According to ForexBrokers.com, XM Group ranks 31st out of 62 brokers in this category, while Eightcap comes in closely behind at 38th. Despite these slight differences, both brokers present an equally competitive environment, enabling traders to execute informed decisions with user-friendly interfaces and well-rounded trading features.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| 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.
When comparing the mobile trading apps of XM Group and Eightcap, both platforms offer extensive features for iPhone and Android users. Each app provides access to stock and forex price alerts, along with the ability to sync watchlists across devices, ensuring seamless transitions between mobile and desktop experiences. Traders on both platforms can take advantage of 30 technical studies for charting, draw trendlines, and view charts in multiple timeframes ranging from daily to intraday. While both apps allow for the creation of watchlists with real-time quotes, Eightcap stands out slightly with its ability to auto-save drawings on charts, a feature XM Group does not offer.
In terms of user satisfaction, the mobile trading apps from XM Group and Eightcap are both rated 4 out of 5 stars. However, XM Group achieves a higher ranking, positioned at #29 on ForexBrokers.com, compared to Eightcap's #38 ranking. This difference in ranking might influence user preference, but both apps provide a comprehensive mobile trading experience suitable for traders looking for reliable tools on the go.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| 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 | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of XM Group and Eightcap, both brokers provide daily market commentary and an economic calendar, keeping traders informed of upcoming global news events. However, XM Group distinguishes itself with more comprehensive resources. It provides forex news from top-tier sources like Bloomberg and Reuters, enhancing traders' ability to make informed decisions. In contrast, Eightcap lacks these high-quality news sources. Additionally, XM Group offers technical analysis tools from Trading Central, providing further insights for users, while Eightcap does not have this feature.
Both brokers include sentiment-based trading tools, but the overall research capabilities between the two differ significantly. XM Group receives a research rating of 5 stars, ranking 8th out of 62 brokers according to ForexBrokers.com, indicating a highly regarded offering. Meanwhile, Eightcap holds a 3.5-star rating, placing 39th in the research category. This suggests that traders looking for a more extensive and premium research experience may be better served by XM Group.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 it comes to educational resources for beginners, both XM Group and Eightcap offer a basic foundation with a variety of materials on forex and CFDs. Each provides at least 10 educational pieces, such as articles and videos, perfect for those starting out in trading. However, XM Group stands out by offering monthly live webinars, providing ongoing interactive learning opportunities that Eightcap does not. Both brokers have searchable archives of recorded webinars, giving learners the flexibility to access past sessions at their convenience.
In terms of video content, XM Group excels by featuring both beginner and advanced educational videos, while Eightcap focuses more on beginner topics. Furthermore, Eightcap enhances its educational offerings with an investor dictionary covering over 50 investing terms, which XM Group lacks. Overall, XM Group ranks higher in educational resources, securing a five-star rating and ranking seventh among 62 brokers, compared to Eightcap's 3.5-star rating and 40th place ranking. This indicates that XM Group is particularly favorable for those seeking comprehensive educational support as they begin their trading journey.
| Feature |
XM Group
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 #17, while Eightcap finished with an overall rank of #38.
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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 88 | 85 |
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Both XM Group and Eightcap do not provide the option to buy actual cryptocurrency, but they each offer the ability to trade cryptocurrency derivatives.
Comparing online brokers XM Group and Eightcap, both offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds; however, only Eightcap supports PayPal, while 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 | XM Group | Eightcap | |
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| Trust Score | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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| Regulation | XM Group | Eightcap | |
|---|---|---|---|
| Trust Score | 88 | 85 | |
| 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 | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 736 | |
| Forex Pairs (Total) | 55 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | XM Group | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.6 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.76 | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XM Group | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $5 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | XM Group | Eightcap | |
|---|---|---|---|
| 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 | XM Group | Eightcap | |
|---|---|---|---|
| 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 | XM Group | Eightcap | |
|---|---|---|---|
| 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 | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | Eightcap | |
|---|---|---|---|
| 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 | XM Group Review | Eightcap Review |
| Overall | XM Group | Eightcap | |
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| Trust Score | 88 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | Eightcap Review |
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