FXOpen vs Eightcap

FXOpen vs Eightcap Comparison Table 2023
FXOpen	Eightcap
Review 3.7	Review 4.6
Traders from US not accepted	Traders from US not accepted
FXOpen is a highly regulated FX and CFD broker offering multiple trading platforms and spreads from 0.0 pips.	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.
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."
Pros
Demo account MT4 integration Strong regulatory oversight Multiple payment methods Bonuses & trading contests Full range of investments Copy trading (global traders) Low minimum deposit (global traders)	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
Cons
Inactivity fee	Cryptocrusher platform not available for Australian clients Not as many shares as other brokers Only four commodities available
Awards
Best ECN Broker 2012 - Masterforex-V Best Forex Broker in Australasia 2011 - World Finance Magazine Best Islamic Forex Broker 2011 - IB Times Trading Awards Best South-East Asia Forex Broker and Best ECN Forex Broker 2011 - IB Times Trading Awards Best Trading Platform 2010 - Falcon 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
Instruments
Forex, CFDs, Indices, Commodities, Cryptocurrencies, ETFs, Shares	Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account
Yes	Yes
Minimum Deposit
$1 Global, £300 UK	£/€/$100
Payment Methods
Airtm Alipay Boleto Credit Card Debit Card Mastercard Netbanx Asia Neteller Skrill Trustly Visa WebMoney Wire Transfer Yandex Money	Bitcoin Payments BPAY Credit Card Debit Card FasaPay Neteller PayPal POLi Skrill UnionPay Visa Wire Transfer WorldPay
Minimum Trade
0.01 Lot	0.01 lots
Regulator
FCA, CySEC, ASIC	ASIC, VFSC
Margin Trading
Yes	Yes
MetaTrader 4
Yes	Yes
MetaTrader 5
Yes	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
Yes	Yes
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	No
ECN Account
Yes	No
DMA Account
No	No
MAM Account
No	Yes
PAMM Account
Yes	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
No	Yes
Mobile Apps
iOS & Android	iOS & Android
Auto Trading
Yes (EAs)	Capitalise.ai & Expert Advisors
Copy Trading
Yes	No
Copy Trading Platform
FXOpen offers copy trading, enabling users to follow and copy the positions and strategies of other traders. Myfxbook and ZuluTrade supported.
Social Trading
Yes	No
Trade Signals
Yes	Cryptocrusher - signals for cryptocurrencies
VPS Hosting
Yes	Yes
Tournaments
Yes	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP AUD JPY CHF HKD RUB	USD EUR GBP CAD AUD NZD SGD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hong Kong Stock Exchange Japan Exchange Group New York Stock Exchange S&P 500	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
Commodities
Gasoline Gold Oil Silver	Gold Oil Silver
CFD Trading
Trade CFDs on currency pairs, cryptocurrencies, indices, & commodities with tight spreads	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.
Leverage
1:30 - 1:500 (varies by trading entity)	1:30 - 1:500 depending on local regulation
FTSE Spread
0.8	1.2
GBPUSD Spread
0.2	1.0 but 0.0 on Raw Account
Oil Spread
4.0	0.03
Stocks Spread
N/A	$0.02 per share, per side ($4 per lot round turn)
Forex Trading
Trade major, minor & emerging forex pairs with 1:30 leverage	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.
GBPUSD Spread
0.2	1.0 but 0.0 on Raw Account
EURUSD Spread
0.2	1.0 but 0.0 on Raw Account
EURGBP Spread
0.2	1.0 but 0.0 on Raw Account
Assets
50+	40+
Cryptocurrency
Trade on 40+ cryptocurrency coins with 1:2 leverage (Pro clients only in UK).	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.
Spread
Variable	From $0
Coins
BTC BCH ETH LTC ETC EOS DSH XRP IOT XMR NEO	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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