Eightcap vs XM

Eightcap vs XM Comparison Table 2023
Eightcap	XM
Review 4.6	Review 4.4
Traders from US not accepted	Traders from US not accepted
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
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
Sophisticated platforms including MetaTrader 4 and TradingView Raw spreads from 0.0 pips and a competitive $3.5 per lot commission Flexible and fee-free payment methods including cryptocurrencies 100+ crypto derivatives, more than most brokers, including crypto crosses and indices Strong trading education and analysis including forex guides and online webinars Cryptocrusher market scanner with sentiment indicators, news and trading signals AI-powered economic calendar with top-level insights, in partnership with Acuity	Beginner-friendly education tools including podcasts and expert-led webinars in 9 languages Premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and easy account opening Powerful MT4 and MT5 platforms available via web, desktop or mobile Reliable 24/5 customer support in over 25 languages Hugely respected brand with 30+ industry awards Transparent fees with spreads from 0.0 pips 1000+ instruments including 50+ forex pairs
Cons
Cryptocrusher platform not available for Australian clients Not as many shares as other brokers Only four commodities available	$5 inactivity fee Traders from the US not accepted
Awards
Best Forex Broker 2023 - DayTrading.com Best Cryptocurrency Broker 2023 - DayTrading.com Best MT4/MT5 Broker 2022 - DayTrading.com Best Global Forex MT4 Broker 2020 - Global Forex Awards	The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Best Customer Service Experience 2020 – Global Business Awards Global Forex Broker of the Year 2020 - Global Forex Awards Best FX Service Provider for 2020 - City of London Wealth Management Awards
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
Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay	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
USD EUR GBP CAD AUD NZD SGD	USD EUR GBP CAD AUD JPY ZAR CHF PLN
Stock Exchanges
Australian Securities Exchange 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	Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange
Commodities
Gold Oil Silver	Cocoa Coffee Copper Corn Cotton Gasoline Gold Oil Precious Metals Silver Sugar Wheat
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.
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
	USD
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
BTC ETH XRP ADA DOGE BNB LTC TRX BCH XRP EOS DOT LINK MATIC SHIB BSV VET AXS NEO SOL XLM UNI DASH AAVE KSM THETA CAKE SUSHI ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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