Written by ForexBrokers.com
In this head to head comparison of Eightcap vs Xtrade, 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.
Since its founding in 2009, Eightcap has grown to establish a solid reputation within the online trading community. With three Tier-1 licenses, Eightcap is highly regarded and carries a ForexBrokers.com Trust Score of 85, placing it firmly in the "trusted" category. Despite not being publicly traded or a banking institution, Eightcap's regulatory credentials and Trust Score make it a reliable choice for traders seeking a secure platform.
Xtrade, established in 2003, holds a slightly different standing, with one Tier-1 and one Tier-2 license, demonstrating a notable but more moderate level of trustworthiness compared to Eightcap. The ForexBrokers.com Trust Score rates Xtrade at 74, classifying it within the "average risk" range. Like Eightcap, Xtrade is neither publicly listed nor a bank, offering a straightforward trading experience backed by a decent regulatory framework.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Year Founded | 2009 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing Eightcap and Xtrade in terms of commissions and fees, it’s clear that Eightcap offers a more transparent and competitive pricing structure. Eightcap provides two types of accounts: the commission-based Raw account and the spread-only Standard account. For the Raw account, Eightcap advertises an average spread of 0.06 pips. However, with a per-side commission of $3.50 per trade, the total cost comes to about 0.76 pips, a figure slightly below the industry average of 0.8 pips. This makes Eightcap a relatively affordable option, although not the cheapest among the forex brokers.
In contrast, Xtrade does not provide specific average spread data, limiting the transparency of its fee structure. Based on ratings, Eightcap earns a commendable 4 out of 5 stars for its commissions and fees. Meanwhile, Xtrade lags behind with only 2.5 stars, indicating potential dissatisfaction among users about its pricing clarity or competitiveness.
Regarding their rankings on ForexBrokers.com, Eightcap stands at #26 out of 62 brokers in the Commissions and Fees category, further demonstrating its stronger position. Xtrade, unfortunately, finds itself at the bottom of the list, ranked #62. This ranking underscores the greater value Eightcap potentially offers in terms of fees and commissions when compared to Xtrade.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $100 | $250 |
| Average Spread EUR/USD - Standard | 1.0 | N/A |
| All-in Cost EUR/USD - Active | 0.76 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 looking at the variety of investments offered by online brokers Eightcap and Xtrade, both platforms provide traders with the ability to engage in forex trading through CFDs. They each offer 56 tradeable forex pairs, giving forex enthusiasts a diverse range of currency options. However, Eightcap takes the lead in the broader scope with a total of 736 tradeable symbols, compared to Xtrade's offering of 482 symbols. Despite this wider selection, neither broker provides access to buying shares from U.S. or international exchanges directly, nor do they allow the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives.
In terms of additional features, Eightcap further distinguishes itself by offering copy trading, a functionality Xtrade lacks, giving Eightcap an edge for those interested in mirroring successful trades. Both brokers receive a rating of 3.5 stars for their Range of Investments, displaying a close contest. Yet, when ranked among 62 brokers by ForexBrokers.com, Eightcap is positioned at #40, outperforming Xtrade, which is ranked at #49. This reflects slightly better recognition for Eightcap's investment variety despite shared ratings.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 736 | 482 |
| Forex Pairs (Total) | 56 | 56 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
Eightcap and Xtrade both provide free virtual demo accounts, enabling newcomers and experienced traders to practice without financial risk. However, Eightcap and Xtrade differ in their platform offerings. While Xtrade provides a proprietary platform that can be accessed via web browser, Eightcap stands out with a Windows-based desktop download option that includes the reputable MetaTrader 4 and MetaTrader 5 platforms, catering to a wider range of trading preferences. Another point of difference is the inclusion of copy trading on Eightcap, a feature Xtrade lacks. Although both brokers offer the facility to trade directly from stock charts, Xtrade provides a greater selection of chart drawing tools.
In terms of chart customization, Xtrade takes the lead with 100 drawing tools compared to Eightcap's 15. When comparing watch list functionalities, Xtrade again edges out with nine customizable columns over Eightcap's seven. Despite these advantages, Eightcap receives a slightly higher rating of 4 stars for its trading platforms and tools, compared to Xtrade's 3.5 stars. ForexBrokers.com ranks Eightcap at #38 and Xtrade at #58 out of 62 brokers for their trading platforms and tools, highlighting Eightcap's stronger overall standing in this category.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Eightcap and Xtrade, both brokers offer apps compatible with iPhone and Android devices. Eightcap stands out with a variety of features that may appeal to traders seeking a comprehensive mobile trading experience. It provides stock and forex price alerts, which aren’t available with Xtrade. Eightcap's app also supports watchlist symbol syncing, allowing any changes made to watchlists on the mobile app to automatically sync with the online account, whereas Xtrade does not offer this feature.
In terms of charting capabilities, Eightcap offers 30 technical studies and allows users to draw trendlines, view multiple time frames, and auto-save chart drawings, all of which are capabilities that Xtrade does not offer. Additionally, Eightcap users can create watchlists with real-time quotes, a feature missing from Xtrade's app. According to ForexBrokers.com, both apps have a four-star rating for Mobile Trading Apps, but Eightcap ranks higher, coming in at #38 out of 62 brokers, while Xtrade is positioned at #53.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing Eightcap and Xtrade, both online brokers provide daily market commentary and an economic calendar, keeping traders informed about global news events. However, Eightcap stands out with its sentiment-based trading tools, allowing users to gauge long and short positions across various instruments. While both platforms do not provide research tools from companies like Autochartist or Trading Central, Xtrade takes the lead in offering forex news from top-tier sources such as Bloomberg and Reuters, which Eightcap does not.
Despite these differences, both brokers earn an equal research rating of 3.5 stars out of five. Yet, their rankings differ significantly, with Eightcap positioned at 39th and Xtrade at 52nd out of 62 brokers on ForexBrokers.com. This variance suggests that while both platforms offer competitive research features, Eightcap may have a slightly more favorable perception within the market research category.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 Eightcap and Xtrade provide a foundation with their offerings in forex and CFD education. They each offer at least ten educational materials, which include a mix of articles, videos, and other resources primarily focused on forex and CFDs. However, Eightcap edges ahead with its searchable archive of recorded webinars, a benefit not available with Xtrade. Additionally, Eightcap provides a collection of at least ten educational videos tailored specifically for beginners, where Xtrade falls short.
Both brokers do not conduct monthly online educational webinars, nor do they offer a comprehensive collection of advanced educational videos for experienced traders. On the plus side, they each have an investor dictionary with definitions for over 50 investing terms, making these resources accessible to those new to the trading world. Rated 3.5 stars out of five for education, both brokers have room for improvement, with Eightcap ranked 40th and Xtrade 46th among 62 brokers on ForexBrokers.com for their educational offerings.
| Feature |
Eightcap
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| 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 | Yes |
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 Xtrade. Eightcap finished with an overall rank of #38, while Xtrade finished with an overall rank of #59.
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
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 74 |
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Both Eightcap and Xtrade do not offer the option to buy actual delivered cryptocurrency, but they both provide the ability to trade cryptocurrency derivatives, making them suitable for those interested in speculative trading rather than owning the digital assets themselves.
When comparing online brokers Eightcap and Xtrade, both lack ACH or SEPA transfer options for deposits and withdrawals; however, Eightcap supports PayPal, unlike Xtrade, and both brokers offer Skrill, Visa/Mastercard, and bank wire options for managing account funds.
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 | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Xtrade Review |
| Broker Screenshots | Eightcap | Xtrade | |
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| Regulation | Eightcap | Xtrade | |
|---|---|---|---|
| Trust Score | 85 | 74 | |
| Year Founded | 2009 | 2003 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Eightcap | Xtrade | |
|---|---|---|---|
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Eightcap | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 736 | 482 | |
| Forex Pairs (Total) | 56 | 56 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.0 | N/A | |
| All-in Cost EUR/USD - Active | 0.76 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Eightcap | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $100 | $250 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Eightcap | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Eightcap | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | Eightcap | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Eightcap | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| 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 | Yes |
| Major Forex Pairs | Eightcap | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | Eightcap | Xtrade | |
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| Trust Score | 85 | 74 | |
| Winner | check_circle | ||
| Review | Eightcap Review | Xtrade Review |
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