Eightcap vs FP Markets: Which One Is Best?
This comparison of both Eightcap and FP Markets only shows how superior their features and platforms are. But, clearly, FP Markets outshines the challenger due to their offered superior features and platforms.
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*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.
Our full comparison covers the 10 most important trading factors. Here are five noticeable differences between Eightcap and FP Markets:
- FP Market offers more forex pairs (63) compared to Eightcap’s 46.
- Eightcap boasts 250 cryptocurrency products, whereas FP Markets has only 4.
- FP Markets charges a lower commission on its Raw account ($3.00) than Eightcap ($3.50).
- The minimum deposit for Eightcap and FP Markets is both $100.
- FP Markets is regulated by both ASIC and CySEC, providing an extra layer of security, while Eightcap is regulated by ASIC and FSA.
1. Lowest Spreads And Fees – A Tie
If you are a new trader, choosing between these brokers, Eightcap and FP Markets, comes down to trading costs, platform features, and asset variety. Both brokers serve forex traders focused on AUD, GBP, and USD, but differ in spreads, commissions, and funding methods. Understanding their trading costs is crucial for maximising profitability in a competitive forex market.
Spreads
Spreads play a big role in trading costs. Eightcap offers lower RAW spreads, with their EUR//USD averaging in 0.06 pips, which makes it an attractive choice for scalpers and high-frequency traders. FP Markets, on the other hand, while slightly higher at 0.2 pips for EUR/USD, continues to offer value. Standard account spreads are also lower with Eightcap; this results in a more cost-effective trade.
| RAW Account | Eightcap Spreads | FP Markets Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 0.42 | 0.42 | 0.72 |
| EUR/USD | 0.06 | 0.2 | 0.28 |
| USD/JPY | 0.23 | 0.56 | 0.44 |
| GBP/USD | 0.23 | 0.29 | 0.54 |
| AUD/USD | 0.27 | 0.21 | 0.45 |
| USD/CAD | 0.2 | 0.5 | 0.61 |
| EUR/GBP | 0.3 | 0.43 | 0.55 |
| EUR/JPY | 0.59 | 0.3 | 0.74 |
| AUD/JPY | 0.49 | 0.5 | 0.93 |
| USD/SGD | 1.37 | 0.8 | 1.97 |
Commission Levels
Remember that for traders utilising RAW accounts, commissions can impact overall trading costs. Eightcap charges $3.50 per lot for USD trades. Whereas for FP Markets, this broker offers a slightly lower fee of $3.00 per lot. This means that while Eightcap offers lower RAW spreads, FP Markets compensates with a lower commission rate, which balances the total cost.
| USD | AUD | GBP | EUR | |
|---|---|---|---|---|
| Eightcap | $3.50 | $3.50 | £2.25 | €2.75 |
| FP Markets | $3.00 | N/A | £2.25 | €2.75 |
Standard Account Fees
Both brokers provide standard accounts with no commissions, but spreads differ. Eightcap’s EUR/USD standard spread is 1.0 pips, slightly lower than FP Markets’ 1.2 pips. Additionally, FP Markets supports more funding options 10+ methods compared to Eightcap’s 7, which makes it easier for traders to deposit funds globally.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.00 | 1.20 | 1.00 | 1.00 | 1.10 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.00 | 1.00 | 1.20 | 1.30 | 1.00 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 05/01/2025
Both Eightcap and FP Markets offer competitive pricing, but the right choice will still depend on your trading style. Scalpers and high-volume traders, on the other hand, may prefer Eightcap’s tighter RAW spreads, while FP Markets provides lower commission rates and more funding flexibility. Both brokers deliver a strong trading experience, ensuring efficient execution and cost-effective forex trading.
Our Lowest Spreads and Fees Verdict
It’s a draw for both Eightcap and FP Markets in this first category this is due to their lowest spreads and fees.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
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.
| Trading Platform | Eightcap | FP Markets |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | Yes |
| cTrader | No | Yes |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
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.
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.
| Eightcap | FP Markets | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | Yes |
| Active Traders | No | Yes |
| Spread Betting (UK) | No | No |
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.
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.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| Eightcap | 143ms | 19/36 | 139ms | 17/36 |
| FP Markets | 225ms | 31/36 | 96ms | 8/36 |
Our Best Trading Experience and Ease Verdict
Unquestionably, FP Markets outperforms in this category this is due to their best trading experience and ease.
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
Eightcap Trust Score
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.
| Eightcap | FP Markets | |
|---|---|---|
| Tier 1 Regulation | FCA (UK) CYSEC (Cyprus) ASIC (Australia) | ASIC (Australia) CYSEC (Cyprus) |
| Tier 2 Regulation | ||
| Tier 3 Regulation | SCB (Bahamas) | FSA-S (Seychelles) FSC-M (Mauritius) FSCA (South Africa) |
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.
6. Most Popular Broker – FP Markets
FP Markets gets searched on Google more than Eightcap. On average, FP Markets sees around 49,500 branded searches each month, while Eightcap gets about 40,500 — that’s 18% fewer.
| Country | Eightcap | FP Markets |
|---|---|---|
| Italy | 590 | 12,100 |
| India | 1,300 | 2,900 |
| United Kingdom | 1,600 | 2,400 |
| South Africa | 480 | 2,400 |
| Australia | 2,400 | 1,900 |
| Greece | 90 | 1,900 |
| United States | 1,900 | 1,600 |
| Canada | 2,400 | 1,600 |
| Spain | 720 | 1,600 |
| Germany | 1,000 | 1,300 |
| Pakistan | 320 | 1,300 |
| France | 720 | 880 |
| Malaysia | 880 | 720 |
| Thailand | 9,900 | 720 |
| Poland | 260 | 720 |
| Bangladesh | 140 | 720 |
| Turkey | 110 | 720 |
| Brazil | 1,000 | 590 |
| Singapore | 390 | 590 |
| Nigeria | 390 | 590 |
| Kenya | 170 | 590 |
| Indonesia | 590 | 590 |
| Morocco | 210 | 590 |
| Netherlands | 480 | 480 |
| United Arab Emirates | 210 | 480 |
| Switzerland | 170 | 480 |
| Cyprus | 90 | 480 |
| Philippines | 210 | 390 |
| Vietnam | 170 | 320 |
| Colombia | 720 | 260 |
| Portugal | 210 | 210 |
| Algeria | 110 | 210 |
| Egypt | 90 | 210 |
| Sweden | 320 | 210 |
| Saudi Arabia | 70 | 210 |
| Cambodia | 90 | 210 |
| Taiwan | 140 | 210 |
| Hong Kong | 170 | 170 |
| Mexico | 320 | 170 |
| Austria | 140 | 170 |
| Sri Lanka | 50 | 140 |
| Japan | 140 | 140 |
| Argentina | 590 | 140 |
| Tanzania | 30 | 110 |
| Ethiopia | 30 | 110 |
| Venezuela | 110 | 110 |
| Ireland | 110 | 90 |
| Dominican Republic | 320 | 70 |
| Ghana | 70 | 70 |
| Uganda | 70 | 70 |
| Ecuador | 110 | 70 |
| Jordan | 30 | 70 |
| Chile | 140 | 70 |
| Uzbekistan | 90 | 70 |
| Peru | 140 | 70 |
| Botswana | 30 | 50 |
| New Zealand | 210 | 40 |
| Bolivia | 30 | 30 |
| Mauritius | 20 | 20 |
| Costa Rica | 30 | 20 |
| Panama | 20 | 20 |
| Mongolia | 70 | 10 |
2024 Monthly Searches For Each Brand
FP Markets - Italy
|
12,100
1st
|
|
Eightcap - Italy
|
590
2nd
|
FP Markets - India
|
2,900
3rd
|
|
|
1,300
4th
|
FP Markets - Australia
|
1,900
5th
|
|
Eightcap - Australia
|
2,400
6th
|
FP Markets - US
|
1,600
7th
|
|
Eightcap - US
|
1,900
8th
|
Similarweb shows a similar story when it comes to February 2024 website visits with FP Markets receiving 482,000 visits vs. 259,000 for Eightcap.
Our Most Popular Broker Verdict
FP Markets is the more popular broker worldwide based on the number of Google branded searches and visits to the website.
7. 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.
| CFDs | Eightcap | FP Markets |
|---|---|---|
| Forex Pairs | 56 | 63 |
| Indices | 16 | 19 |
| Commodities | 8 Commodities Softs and Metals | 4 Metals (vs USD, AUD, EUR) 4 Energies 5 Softs |
| Cryptocurrencies | 95 Crypto | 12 |
| Share CFDs | 586 | 10000+ (with IRESS) 814 (with MT5) |
| ETFs | No | 46 |
| Bonds | No | 2 |
| Futures | No | No |
| Treasuries | No | 2 |
| Investments | No | No |
Our Top Product Range and CFD Markets Verdict
FP Markets excels greater in this section thanks to their top product range and CFD markets.
8. 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’
9. 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.
| Feature | Eightcap | FP Markets |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/7 |
| Multilingual Support | Yes | Yes |
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.
10. 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.
| Funding Option | Eightcap | FP Markets |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
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.
11. 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.
| 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 |
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.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Paypal | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
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.
| Minimum Deposit | Recommended Deposit | |
| Eightcap | $100 | $100 |
| FP Markets | $100 | $100 |
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.
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:
| Categories | Eightcap | FP Markets |
|---|---|---|
| Lowest Spreads And Fees | Yes | Yes |
| Better Trading Platform | No | Yes |
| Superior Accounts And Features | Yes | Yes |
| Best Trading Experience And Ease | No | Yes |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | Yes | No |
| Superior Customer Service | No | Yes |
| Better Funding Options | No | Yes |
| Lower Minimum Deposit | Yes | Yes |
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.
FAQs Comparing Eightcap Vs FP Markets
Does FP Markets or Eightcap Have Lower Costs?
FP Markets generally offers lower costs compared to Eightcap. They have consistently been recognised for their competitive spreads and low commission rates. For instance, traders can benefit from spreads as low as 0.0 pips on major currency pairs. For a deeper dive into brokers with competitive rates, explore the Lowest Commission Brokers.
Which Broker Is Better For MetaTrader 4?
Both Eightcap and FP Markets offer robust support for MetaTrader 4, making them top choices for traders who prefer this platform. However, FP Markets has a slight edge due to its advanced integration and additional tools for MT4. For those keen on understanding the nuances of MT4 platforms, here’s a comprehensive list of the Best MT4 Brokers.
Which Broker Offers Social Trading?
FP Markets offers social trading options, allowing traders to mirror the strategies of seasoned professionals. This feature is especially beneficial for beginners looking to leverage the expertise of experienced traders. If you’re intrigued by the concept of social trading and wish to explore further, here’s an overview of the best social trading platforms.
What Broker is Superior For Australian Forex Traders?
In my opinion, FP Markets stands out as the superior choice for Australian Forex traders. Both brokers are ASIC regulated, ensuring a high standard of conduct and protection for traders. However, FP Markets, being founded in Australia, has a deeper understanding of the local market dynamics and trader preferences. For a broader perspective on the best brokers in the region, you can refer to this comprehensive list of the Best Forex Brokers In Australia.
What Broker is Superior For UK Forex Traders?
For UK traders, I personally believe FP Markets offers a more comprehensive trading experience. While both brokers cater to the UK market, it’s worth noting that FP Markets is FCA regulated, ensuring adherence to stringent regulatory standards. The broker’s global presence, combined with its regulatory credentials, makes it a reliable choice for UK traders. If you’re keen on exploring more about the top platforms in the UK, here’s a guide on the Best Forex Brokers In UK.
Article Sources
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
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