Eightcap vs FP Markets: Which One Is Best?

2. Better Trading Platform – FP Markets

In this segment, we will discuss Eightcap and FP Markets trading platforms and how efficiently these features are offered. Eightcap and FP Markets are two well-regarded forex brokers offering MetTraders 4 and 5, advanced trading tools, and copy trading solutions. Eightcap and FP Markets cater to traders focusing on AUD, GBP and USD, but both differ in platform variety and additional features. Understanding these brokers’ strengths can help traders choose the best platform for their strategy.

We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.

Metatrader

Both Eightcap and FP Markets support MetaTrader 4 and 5, the industry-standard platforms known for their user-friendly interfaces, advanced charting tools, and algorithmic trading capabilities. MT4 remains a favorite for forex traders due to its simplicity and speed, while MT5 provides expanded order types and deeper market data, which makes it ideal for more complex trading strategies.

Advanced Platforms

Both Eightcap and FP Markets offer TradingView integration; however, FP Markets also provides cTrader, a platform known for its tight spreads and fast execution, making it a favorite among scalpers and algorithmic traders. Algorithmic traders. Eightcap, on the other hand, focuses on MetaTrader enhancements, which offers additional tools like capital management solutions and AI-driven analytics to improve trading efficiency.

Copy Trading

For traders looking to mirror experienced professionals, both brokers support MetaTrader Signals, which allows users to copy top-performing strategies directly within MT4 and MT5. FP Markets also offers a proprietary copy trading solution, which gives traders more flexibility in selecting, following, and customising strategies from seasoned professionals.

Eightcap and FP Markets deliver strong trading solutions for forex traders; both excel in MetaTrader offerings. Clearly, FP Markets outshines in this department due to their cTrader and proprietary copy trading. Meanwhile, Eightcap enhances MetaTrader with AI-driven tools. The best choice will still depend on whether traders prioritise platform variety or refined MT4 or MT5 enhancements for trading success.

Our Better Trading Platform Verdict

FP Markets outperforms in this category this is due to their better trading platform.

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3. Tie: Superior Accounts And Features – A Tie

In this segment, it’s clear that both FP Markets and Eightcap offer two primary account types:

• Standard
• RAW

Traders can choose based on preference, lower spreads with a commission or higher spreads with no commission. These brokers provided different features, with FP Markets also catering to active traders and offering a swap-free account.

When comparing Eightcap and FP markets, both brokers impress with their Standard and RAW accounts. FP Markets truly stands out for its Swap-Free and Active Traders accounts, in which it caters to specific trading needs. Eightcap on the other hand, provides a straightforward approach, focused on an essential account type for traders seeking simplicity and efficiency.

With data given in the chart, we see that aside from Eightcap and FP Markets’ standard account and RAW accounts, which cater to different trader preferences, clearly, in this case, FP Markets has an edge with their Swap-Free and Active Traders accounts, which makes it a more versatile feature. Neither broker supports Spread Betting in the UK. The key distinction lies in FP Market’s broader account options.

In this section, our dedicated team easily surmises that Eightcap’s simplicity and FP Markets’ added versatility complement each other, which suits diverse traders in the market. Based on the data in the chart, it highlights FP Markets’ extra perks and Eightcap’s focused features, this way traders can confidently choose the broker that aligns with their goals, ensuring a tailored and engaging trading journey. Always remember success is in the strategy.

Our Superior Accounts and Features Verdict

As a result of both brokers superior accounts and features, it’s a standoff for both Eightcap and FP Markets.

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4. Best Trading Experience And Ease – FP Markets

Eightcap and FP Markets are reliable brokers in the forex industry that offer versatile features and trading platforms. Eighthcap and FP Markets support MetaTrader 4 and 5, while FP Markets also introduces the IRESS platform for advanced trading. Exclusive research reveals FP Markets excels in market order execution speed, which appeals to scalpers and traders prioritising swift order processing.

Obviously, FP Markets takes the lead in market order execution speed, ranking in 8th position globally and performing faster than Eightcap’s 139ms. While both brokers offer the trusted MetaTrader 4 and 5 platforms, FP Markets adds the advanced IRESS platform, which makes it an attractive choice for professional traders seeking cutting-edge tools and efficiency.

When comparing Eightcap’s steady reliability compared with FP Market’s edge in their execution speed and advanced tools, both brokers cater to diverse trading needs. FP Markets truly shines with its faster market order and extra platform options, Eightcap maintains a strong foundation. Based on our team’s perspectives, traders in the market can strategise with confidence when choosing the right broker that best aligns with their trading goals.

Our Best Trading Experience and Ease Verdict

Unquestionably, FP Markets outperforms in this category this is due to their best trading experience and ease.

FP Markets ReviewVisit FP Markets

5. Stronger Trust And Regulation – FP Markets

Eightcap and FP Markets provide traders with dependable and regulated forex trading platforms. Eightcap operates under ASIC and FSA oversight, ensuring trustworthiness. FP Markets not only shares ASIC regulation but it also stands out as one of the CySEC-regulated brokers, offers enhanced security and reliability for its clients worldwide.

FP Markets Trust Score

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Eightcap Trust Score

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Eightcap has a higher trust score of 71 against FP Markets’ 61.

Based on the data given in the chart, Eightcap is regulated at Tier 1 by ASIC and FCA in the UK, while FP Markets secures Tier 1 regulation by ASIC and CySEC in Cyprus. FP Markets excels further with their range of Tier 3 regulatory oversight, which includes FSC-M in Mauritius and FSCA in South Africa. Eightcap is regulated by SCB in the Bahamas, and FSA-S in Seychelles.

In this case, Eightcap and FP Markets deliver solid Tier 1 regulatory standards, compared with FP Markets adding versatility through CySEC regulation. In Tier 3 oversight, FP Markets takes the lead with a bigger footprint. Eightcap and FP Markets, cater to traders seeking dependable trading environments with robust regulation at the core.

Regulatory compliance is the key in a successful trading experience. Eightcap and FP Markets rise to the challenge in this case. While Eightcap ensures reliability with dual Tier 1 coverage, FP Markets takes it a step further by coupling Tier 1 assurance with their expanded Tier 3 reach. Choosing either on the list will still align with traders with confidence and compliance.

Our Stronger Trust and Regulation Verdict

FP Markets takes the lead in this segment owing it to their stronger trust and regulation.

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6. FP Markets: Top Product Range And CFD Markets – FP Markets

Eightcap and FP Markets offer impressive ranges to meet various trader needs. Eightcap excels with cryptocurrency CFDs, while FP Markets provides a wider selection overall, which includes unique offerings like ETFs and bonds. Both Eightcap and FP markets ensure traders have full access to their dynamic and versatile markets.

In this case, Eightcap provides 56 forex pairs, 16 indices, 8 commodities, and 95 cryptocurrencies, along with their 586 share CFDs. FP Markets offers more variety with 63 forex pairs, 19 indices, multiple commodities, including softs, metals, and energies, and 12 cryptocurrencies, in over 10,000 share CFDs via IRESS, plus ETFs, bonds, and treasuries. Neither Eightcap nor FP Markets supports futures of investments.

FP Markets leads in product variety with its expansive range of CFDs, which includes a unique offering like ETFs and bonds. While simpler, Eightcap, on the other hand, focuses on key markets, which delivers a streamlined trading experience. Eightcap and FP markets provide solid options, with FP Markets shining for traders seeking variety in their portfolios.

Eightcap, in this case, is a straightforward product range perfect for traders seeking simplicity in the CFD trading space. Meanwhile, FP Markets impresses with unmatched variety and advanced platforms. It combines diverse offerings with robust tools, these two brokers ensure traders can build strategies tailored to their unique preferences and goals. Still, the choice will be yours.

Our Top Product Range and CFD Markets Verdict

FP Markets excels greater in this section thanks to their top product range and CFD markets.

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7. Superior Educational Resources – Eightcap

Eightcap and FP Markets’ education resources. When it comes to trader education, both brokers have you covered, but they take different approaches. Eightcap truly shines with regular webinars, a hefty e-book collection, and an easy-to-follow video tutorials for all traders. FP Markets, on the other hand, offers more advanced video, specialised webinars and deep-dive tutorials. Both keep you in-the-know with market analysis and provide glossaries, though Eightcap has a more comprehensive feature. If a trader needs help, purposely, their support teams are on standby to keep traders learning on track.

Eightcap:

• Webinars: Regularly scheduled webinars for traders of all levels.
• E-books: Comprehensive collection of e-books on various trading topics.
• Video Tutorials: Step-by-step guides on platform usage and trading strategies.
• Market Analysis: Detailed insights into market movements and trends.
• Trading Glossary: Extensive list of trading terms and their explanations.
• Customer Support: Dedicated team to assist with educational queries.

FP Markets:

• Webinars: Occasional webinars focusing on advanced trading techniques.
• E-books: Limited range of e-books primarily for beginners.
• Video Tutorials: In-depth tutorials on specific trading instruments.
• Market Analysis: Regular updates on global market conditions.
• Trading Glossary: Basic glossary with essential trading terms.
• Customer Support: Support team available for platform-related queries.

Knowledge is your edge in forex trading, and both brokers deliver. Eightcap is perfect for traders starting out or just levelling up, while FP Markets caters to seasoned or professional traders to fine-tune their strategies. So, whether you are kicking off your trading journey or mastering advanced tactics, both brokers will offer tools to fuel your success.

Our Superior Educational Resources Verdict

Without any doubt, Eightcap rides high in this portion by reason of their superior educational resources.

View Eightcap ReviewVisit Eightcap

*Your capital is at risk ‘73% of retail CFD accounts lose money’

8. Superior Customer Service – FP Markets

Eightcap and FP Markets are committed to providing strong and sturdy customer support to traders, ensuring a seamless trading experience. Both Eightcap and FP Markets deliver 24/5 assistance through live chat, email, and phone, which accommodates traders’ needs. FP Market goes the extra mile with multilingual support, catering to a broader range of global clients.

Both brokers excel in support availability with 24/7 accessibility through various channels. While they share similarities in live chat, email, and phone assistance, FP Markets outshines with its multilingual support, which makes this a preferred choice for non-English speakers. With this added feature, it enhances its appeal to various traders from across the diverse background in the trading industry.

Both Eightcap and FP Markets bring robust customer support to the table, but only FP Markets gets the traction due to their multilingual capabilities. For traders in the market who prioritise accessible and inclusive communication, FP Markets also delivers an advantage. Primarily, both Eightcap and FP Markets ensure reliable assistance to traders, which leaves it to their choices to pick what aligns best with their needs.

Our Superior Customer Service Verdict

FP Markets steals the show in this category on the account of their superior customer services.

FP Markets ReviewVisit FP Markets

9. Better Funding Options – FP Markets

We can clearly see that both Eighcap and FP Markets excel in providing a wider and diverse funding options to suit traders in the modern era. From traditional bank transfers to cutting-edge e-wallets, these brokers ensure flexibility in payment methods. In this case, FP Markets goes further with an extensive list of options, a favored choice for clients across regions with varied preferences.

We can see that both Eightcap and FP Markets support credit/debit cards, as well as bank transfers, equipped with Skrill and Neteller, and cryptocurrency payments. On the other hand, FP Markets stands out with their PayPal feature, which offers additional convenience for traders. Meanwhile, Eightcap maintains a robust coverage, but lacks PayPal support compared to the reach of FP Markets. Both brokers do not offer Rapid pay or Klarna, which supposedly ensure streamlined but versatile funding solutions for traders.

Reliable funding options are essential for a seamless trading experience, and both Eightcap and FP Markets offer them. Eightcap, on the other hand, offers solid basics, compared to FP Markets, which rises above with their PayPal and more of their tailored methods for global traders. So, whether simplicity or range is your priority, these two brokers ensure secure and flexible transactions every step of the way.

Our Better Funding Options Verdict

FP Markets takes the crown in this segment on the account of their better funding options.

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10. Lower Minimum Deposit – A Tie

Before we provide our final analysis, we will further dissect both brokers’ low minimum deposits. Eightcap and FP Markets make forex trading accessible with a unified minimum deposit of $100, so this is regardless of a trader taking the Standard or RAW account. Both Eightcap and FP Markets offer versatile funding methods, which ensures convenience for traders around the globe. FP Markets enhances its appeal with additional options like PayPal, which caters to bigger preferences.

Eightcap and FP Markets share similar minimum deposit requirements across GBP, USD, EUR, and AUD currencies. Eightcap supports credit/debit cards, bank wired transfers, both Skrill and Neteller. On the other hand, FP Markets covers these aforementioned features but with PayPal. This added feature sets FP Markets apart from Eightcap, which offers flexibility and ease for international traders who are seeking convenient payment options.

Finally, for our dear traders looking to enter the market efficiently, Eightcap and FP Markets deliver with their simple $100 minimum deposit. Eightcap provides essential funding methods, but FP Markets takes the lead with PayPal support. Whether you value streamlined basics or enhanced versatility, both brokers ensure secure and accessible transactions to all traders.

Our Lower Minimum Deposit Verdict

Apparently, it’s neck to neck for both FP Markets and Eightcap this is in light of their lower minimum deposit.

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Is FP Markets or Eightcap The Best Broker?

FP Markets outperform in almost all categories because of its consistent performance across multiple categories, offering traders a comprehensive and reliable trading experience. The table below summarises the key information leading to this verdict:

Eightcap: Best For Beginner Traders

Eightcap offers a more user-friendly interface and educational resources, making it the ideal choice for traders new to trading.

FP Markets: Best For Experienced Traders

With its advanced features and comprehensive product range, FP Markets stands out as the top choice for seasoned traders.