This Eightcap vs FOREX.com forex broker review found Eightcap has a good range of markets (including 250 cryptos) and forex platforms. FOREX.com has more forex pairs (80+) but larger commission costs for retail traders.
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Our comprehensive comparison covers the 10 most crucial trading factors to help you make an informed decision.
Both brokers provide a wide variety of currency pairs. Customers of Eightcap can trade 55 different forex pairs, while FOREX.com provides access to an impressive 91 foreign exchange markets.
Looking at the table below, FOREX.com seems to have higher spreads than Eightcap. However, most of their spreads are still lower than the standard average, and they offer more instruments to trade.
| Standard Account | Eightcap Spreads | FOREX.com Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.16 | 1.45 | 1.6 |
| EUR/USD | 1 | 1.2 | 1.2 |
| USD/JPY | 1.2 | 1.1 | 1.4 |
| GBP/USD | 1.2 | 1.1 | 1.6 |
| AUD/USD | 1.2 | 1.7 | 1.5 |
| USD/CAD | 1.2 | 2 | 1.8 |
| EUR/GBP | 1.1 | 1.3 | 1.5 |
| EUR/JPY | 1.2 | 1.5 | 1.9 |
| AUD/JPY | 1.2 | 1.7 | 2.1 |
Other Fees
Both Eightcap and FOREX.com don’t have fees for deposits and withdrawals. Only FOREX.com has an inactivity fee of $15 per month after 12 months.
We made a fee calculator to show how lower spreads affect trading costs. Choose your base currency, trade size, and currency pair to find out the fee.
Verdict
If you’re looking for the absolute lowest spreads, Eightcap is your go-to. However, FOREX.com offers a more balanced fee structure, especially if you’re looking to trade a variety of instruments.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Both brokers offer MetaTrader 4, but their additional offerings set them apart.
| Trading Platform | Eightcap | FOREX.com |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | No |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
Verdict
If you’re a MetaTrader enthusiast, you’ll find Eightcap’s streamlined experience appealing. However, if you’re looking for a platform that offers more customisation options, FOREX.com is the better choice.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Both brokers offer different types of accounts, each with its own set of features.
| Eightcap | FOREX.com | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | Yes |
| Active Traders | No | Yes |
| Spread Betting (UK) | No | No |
Verdict
If you’re looking for more variety in account types and trading features, FOREX.com offers a broader range. Eightcap, however, is a solid choice for traders who prefer a more straightforward account structure.
Your capital is at risk ‘72% of retail CFD accounts lose money with Eightcap’
Eightcap and FOREX.com both offer a solid trading experience, but they cater to different types of traders. Eightcap’s user interface is incredibly intuitive, making it a top choice for those who are new to trading.
FOREX.com, however, shines when it comes to customisation. Their proprietary platform is feature-rich and offers advanced charting tools, making it ideal for experienced traders.
Verdict
If you’re after a straightforward, user-friendly experience, Eightcap is your go-to. For traders seeking a more customisable platform, FOREX.com is the better choice.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
FOREX.com Trust Score
Eightcap Trust Score
Both Eightcap and FOREX.com are regulated, but the extent and jurisdictions of their regulation differ significantly.
| Eightcap | FOREX.com | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) | FCA (UK) CIRO (CANADA) NFA/CFTC (USA) CYSEC (Cyprus) |
| Tier 2 Regulation | JFSA (Japan) | |
| Tier 3 Regulation | SCB (Bahamas) | CIMA (Cayman) |
Verdict
When it comes to stronger trust and broader regulatory oversight, FOREX.com clearly has the upper hand. Its multiple regulators across various jurisdictions make it a more trustworthy option for traders globally.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Eightcap primarily focuses on forex pairs, offering fewer options for those interested in diversifying their portfolio. FOREX.com, on the other hand, provides a wide range of markets including commodities, indices, and even stocks.
| Product Type | Eightcap | FOREX.com |
|---|---|---|
| Forex Pairs | ✓ | ✓ |
| Commodities | ✗ | ✓ |
| Indices | ✗ | ✓ |
| Stocks | ✗ | ✓ |
| Cryptos | ✓ | ✗ |
Verdict
For a more diverse trading experience, FOREX.com is the clear winner with its broader range of markets and CFDs.
Eightcap offers a decent range of educational resources, including video tutorials and beginner-friendly guides. However, FOREX.com goes above and beyond with their educational offerings.
Verdict
Based on our scores, FOREX.com is the standout choice for educational resources, offering a more comprehensive learning experience.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Customer service is a critical aspect of trading, and both brokers excel in this area. Eightcap provides 24/5 customer service, which is reliable but not round-the-clock. FOREX.com offers 24/7 support, giving you peace of mind at all hours.
| Feature | Eightcap | FOREX.com |
|---|---|---|
| Live Chat | ✓ | ✓ |
| Phone Support | ✗ | ✓ |
| Email Support | ✓ | ✓ |
| FAQ | ✓ | ✓ |
Verdict
If 24/7 support is a must for you, FOREX.com is the better option. However, Eightcap also offers reliable customer service during trading hours.
Eightcap offers a variety of e-wallet options, making it a flexible choice for traders who prefer digital payments. FOREX.com, however, leans more towards traditional methods like wire transfers and credit cards.
| Funding Option | Eightcap | FOREX.com |
|---|---|---|
| Credit Card | ✓ | ✓ |
| Wire Transfer | ✓ | ✓ |
| PayPal | ✗ | ✓ |
| Skrill | ✓ | ✗ |
Verdict
If you’re looking for a wider range of e-wallet options, Eightcap is the better choice. For those who prefer traditional methods, FOREX.com has you covered.
FOREX.com ReviewVisit FOREX.com
Your capital is at risk up to ‘77.7% of retail CFD accounts lose money with FOREX.com’
Eightcap and FOREX.com have a minimum deposit requirement of $100. The difference between these two brokers is their available payment channels per region.
Eightcap
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | N/A | $100 | €100 | N/A |
| Neteller | N/A | $100 | €100 | N/A |
FOREX.com
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | £100 | $100 | €100 | $100 |
| Neteller | £100 | $100 | €100 | $100 |
In addition, here are their recommended deposits:
| Minimum Deposit | Recommended Deposit | |
| Eightcap | $100 | $100 |
| FOREX.com | $100 | $1,000 |
Verdict
It’s a tie between FOREX.com and Eightcap concerning minimum deposit. That said, take note of the payment methods you can use with each broker.
FOREX.com is the winner because it offers a more comprehensive trading experience, from diverse market options to superior educational resources. The table below summarises the key information leading to this verdict.
| Criteria | Eightcap | FOREX.com |
|---|---|---|
| Lowest Spreads And Fees | ✗ | ✓ |
| Better Trading Platform | ✗ | ✓ |
| Superior Accounts And Features | ✓ | ✗ |
| Best Trading Experience And Ease | ✗ | ✓ |
| Stronger Trust And Regulation | ✗ | ✓ |
| Top Product Range And CFD Markets | ✗ | ✓ |
| Superior Educational Resources | ✗ | ✓ |
| Superior Customer Service | ✗ | ✓ |
| Better Funding Options | ✗ | ✓ |
| Lower Minimum Deposit | ✓ | ✓ |
For beginner traders, Eightcap is the better choice due to its user-friendly interface and lower minimum deposit.
For experienced traders, FOREX.com is the superior option, offering a more customisable trading environment and a wider range of markets.
FOREX.com has lower costs when it comes to spreads and fees. They offer competitive spreads that can go as low as 0.8 pips. For more information on low-cost brokers, check out our lowest spread forex brokers in the UK.
Both Eightcap and FOREX.com offer MetaTrader 4, but Eightcap provides a more streamlined experience. For a detailed comparison, visit our best MT4 brokers page.
Neither Eightcap nor FOREX.com offer social or copy trading. If social trading is a priority, you might want to explore other options. For more information, check out the best copy trading platforms.
No, neither Eightcap nor FOREX.com offers spread betting. We have a detailed list of the best spread betting brokers in the UK that you can check out on our dedicated spread betting page.
In my opinion, Eightcap is superior for Australian Forex traders. It’s ASIC-regulated and offers a user-friendly platform. For more details, visit our Best Forex Brokers In Australia page.
For UK traders, FOREX.com is the better choice. It’s FCA-regulated and offers a wide range of markets. For more information, check out our Best Forex Brokers In UK page.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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