Eightcap vs OctaFX

Eightcap vs OctaFX Comparison Table 2024
Eightcap	OctaFX
Review 4.6	Review 4.1

	OctaFX is an award-winning forex and CFD broker, founded in 2011. The Cyprus-based entity is regulated by the CySEC while the offshore branch is registered with SVGFSA. The ECN broker offers competitive trading conditions on its 80+ financial instruments, with tight spreads from 0.2 pips, fast execution speeds of 0.1 second and flexible leverage. OctaFX also offers two industry-leading platforms in MetaTrader 4 and MetaTrader 5, plus an in-house copy trading solution.
Customer Reviews
3.5 Based on 2 Eightcap customer reviews
Bonus Offer
	Up to 50% deposit bonus
Comment by Reviewer
"Eightcap delivers in every area for day traders with a growing selection of charting platforms and AI-powered tools. Now sporting 250+ crypto CFDs and the Crypto Crusher market scanner, it's also become a stand-out choice for crypto trading, winning our 'Best Crypto Broker' award two years in a row."	"OctaFX is a great pick for traders of all experience levels. Seasoned day traders will appreciate the ECN model with fast execution and tight spreads, while beginners will rate the user-friendly copy trading platform and low minimum deposit."
Pros
Having excelled across all key areas for day traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title. With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including day trading and scalping. After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market. Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.	Demo account with access to unlimited virtual funds Bonuses and contests available (non-EU) Negative balance protection (Within EU) Comprehensive educational content High Leverage 1:500 (non-EU) Excellent copy trading service No deposit and withdrawal fees Offers Islamic accounts Low minimum deposit Highly rated broker MT4 and MT5 integration Commission-free trading Mobile app compatibility
Cons
In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders. Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities. The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode. Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.	No stock trading Few payment methods Zero pip spreads unavailable The global entity is regulated offshore
Awards
Best Overall Broker 2024 - DayTrading.com Best Cryptocurrency Broker 2024 - DayTrading.com Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com Best Customer Service Broker 2021 - Global Brands Magazine Best Global Forex MT4 Broker 2020 - Global Forex Awards	Most Secure Broker Indonesia 2022- International Business Magazine Best Global Broker Asia 2022- International Business Magazine Best Forex Broker Pakistan 2022- Global Brands Best Forex Broker India 2022- World Finance Best Mobile Trading Platform 2022- FXDailyInfo Best In Class For Social Copy Trading 2022- Forexbrokers.com Best Trading Conditions Asia 2021- World Business Outlook
Instruments
CFDs, Forex, Stocks, Indices, Commodities	Forex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$100	$100
Trading Platforms
MT4 MT5 TradingView	MT4 MT5 AutoChartist
Payment Methods
Bitcoin Payments BPAY Credit Card Debit Card Dragonpay FasaPay Neteller PayPal PIX Payment Skrill UnionPay Visa Wire Transfer	Credit Card Debit Card FasaPay Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
ASIC, FCA, xCySEC, SCB	SVGFSA, CySEC
Margin Trading
Yes	Yes
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	Yes (iOS & Android)
App Review
Eightcap supports the MT4, MT5 and TradingView apps, catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices.	OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.
Android App Rating
4.4	4.3
iOS App Rating
4.8	4.5
Auto Trading
	Yes
Copy Trading
No	Yes
Copy Trading Platform
	Copy trading at OctaFX is offered through a proprietary platform and mobile app, as well as integration via the MetaTrader suites. Users can easily diversify portfolios by copying the most profitable traders. Track professionals and their performance live for smart investing, control your portfolio and view how your funds are invested and manage risks in real time.
Social Trading
Yes	Yes
Trade Signals
Yes	Yes (EAs)
VPS Hosting
Yes	Yes
Tournaments
No	No
Demo Competitions
No	Yes
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD NZD SGD	USD EUR
Stock Exchanges
Australian Securities Exchange (ASX) CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange Japan Exchange Group London Stock Exchange Nasdaq New York Stock Exchange Russell 2000 S&P 500 SIX Swiss Exchange Toronto Stock Exchange	Dow Jones FTSE UK Index Nasdaq
Commodities
Gold Nickel Oil Palladium Platinum Silver Zinc	Gasoline Gold Natural Gas Oil Silver
CFD Trading
Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area.	OctaFX offers leveraged CFDs on popular asset classes spanning forex, indices, commodities and cryptos. Traders benefit from ultra-fast execution speeds, reliable trading tools and zero commissions. There are also no restrictions on strategies, including hedging, scalping and automated trading.
Leverage
	1:30 (EU), 1:500 (Global)
FTSE Spread
1.2	1.8
GBPUSD Spread
0.1	1.1
Oil Spread
0.03	0.7
Stocks Spread
0.03 (Apple Inc)	Variable
Forex Trading
Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market.	OctaFX offers leveraged trading on dozens of currencies with competitive spreads that average 0.9 pips on the EUR/USD. Clients also benefit from high-quality research from the team's analysts with insights into forex trends and news events, alongside technical analysis.
Forex App
	OctaFX offers a user-friendly trading platform that can be used to take positions on major and minor currency pairs. Copy trading is also available via the broker’s in-house mobile application.
GBPUSD Spread
0.1	1.1
EURUSD Spread
0.0	0.7
EURGBP Spread
0.1	2.1
Assets
50+	35
Currency Indices
USD
Cryptocurrency
Eightcap’s crypto offering is best-in-class with 250+ crypto derivatives, surpassing that of almost every alternative. Testing also reveals Bitcoin spreads of 12 pips, coming in lower than most competitors, while it offers real-time trading ideas through the Crypto Crusher market scanner. Add in convenient deposits and withdrawals in digital currencies, and Eightcap offers the complete package for serious crypto traders.	Trade 30+ popular digital currencies paired with the USD, including big tokens like Bitcoin and Ethereum. EU traders can access 1:2 leverage while global traders can access rates of up to 1:25 on major tokens. Cryptos can be traded around the clock, including on weekends.
Spread
$12 (BTC)	Variable
Coins
BTC ETH LTC BCH XRP XMR DSH EOS XLM ADA TRX DOGE BNB DOT MATIC VET AXS NEO SOL UNI AAVE KSM THETA CAKE SUSHI ATOM XTZ SNX COMP FLOW EGLD PUNDIX RAY ZIL QTUM BAND OMG FIDA BADGER NEAR ONT KNC SHIB MTL CLV BAT XEM STMX CHR WAVES FTM AUDIO TOMO MRK GRT ENJ CRV RUNE DAWN DODO HOT ZEC 1INCH HBAR AVAX PROM ALPHA LINA CEL SXP SAND CREAM ICP FIL PAXG DENT REN REEF LRC PERP STORJ IOTA ALCX ALGO LINK MANA	BTC LTC ETH ZEC SOL ADA DOT ATOM LINK AVAX BTB MANA MATIC NEAR IOTA DOGE DASH ALGO AAVE
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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