Eightcap vs XM
Eightcap | XM |
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4.6
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4.4
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Eightcap is a forex and CFD broker founded in Australia in 2009. The brand is popular for its raw spreads on 1000+ instruments and advanced MetaTrader platforms. With 5 global offices and ASIC regulation, Eightcap has built a strong reputation. New traders can also sign up for a live account in just a few minutes. |
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms. |
Bonus Offer | |
Free VPN Services | |
Promotions | |
Improve The Speed & Reliability Of Your Trades With The XM VPS |
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Comment by Reviewer | |
"Eightcap is good for traders familiar with MT4 and MT5 looking to trade forex and CFDs in a secure environment. The brand is also a great pick for crypto traders with 100+ derivatives, a sophisticated market scanner, plus Bitcoin and Tether deposits." | "XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education." |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Forex, CFDs, indices, shares, commodities, cryptocurrencies | Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
£/€/$100 | $5 |
Payment Methods | |
Multiple local payment methods available | |
Minimum Trade | |
0.01 lots | 0.01 Lots |
Regulator | |
ASIC, VFSC | IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
Yes | Yes |
MetaTrader 5 | |
Yes | Yes |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
Yes | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | 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 | Yes |
P2P Trading | |
No | No |
Spot Trading | |
Yes | Yes |
Mobile Apps | |
iOS & Android | iOS, Android & Windows |
Auto Trading | |
Capitalise.ai & Expert Advisors | Yes (EAs) |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points. | |
Social Trading | |
No | No |
Trade Signals | |
Cryptocrusher - signals for cryptocurrencies | Yes |
VPS Hosting | |
Yes | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
No | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
No | No |
Inactivity Fee | |
$0 | |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
CFD Trading | |
Trade over 800 CFDs on popular indices, shares, forex, cryptos and commodities. Clients get premium liquidity and superior execution with servers in leading data centres. Skilling also offers more choice than most competitors in terms of platforms with MT4, MT5 and TradingView. | Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading. |
Leverage | |
1:30 - 1:500 depending on local regulation | 1:500 |
FTSE Spread | |
1.2 | 1.5 pts (var) |
GBPUSD Spread | |
1.0 but 0.0 on Raw Account | 2.1 (var) |
Oil Spread | |
0.03 | 0.05 (var) |
Stocks Spread | |
$0.02 per share, per side ($4 per lot round turn) | 0.1% (var) |
Forex Trading | |
Trade 40+ major, minor and exotic pairs with an award winning platform. Users get institutional-level prices with spreads from 0.0 pips and no commissions. | XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors. |
Forex App | |
XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today. |
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GBPUSD Spread | |
1.0 but 0.0 on Raw Account | 2.1 pips (var) |
EURUSD Spread | |
1.0 but 0.0 on Raw Account | 1.6 pips (var) |
EURGBP Spread | |
1.0 but 0.0 on Raw Account | 2 pips (var) |
Assets | |
40+ | 55+ |
Currency Indices | |
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Cryptocurrency | |
Eightcap offers over 100 crypto-backed derivatives, more than many rivals. Bitcoin spreads are also lower than most brokers coming in at 12, while the market scanner is a unique and powerful trading aid. | Crypto trading not offered |
Spread | |
From $0 | |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
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