Eightcap vs Forex.Com for 2023

Published :
Updated :
Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
Richard Walz headshoot
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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Eightcap and Forex.com are top-tier regulated brokers providing online trading services worldwide. Eightcap is known for its social trading and multi-asset platform, regulated in three tier-1 jurisdictions and one tier-4 jurisdictions including ASIC, FCA, CySEC, SCB. On the other hand, Forex.com specializes in online forex trading, regulated by six tier-1 jurisdictions including ASIC , FCA , JFSA ,NFA ,IIROC , MAS. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared Eightcap and Forex.com in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.

Eightcap vs Forex.com: In a Nutshell

Eightcap

EightCap was registered in Melbourne, Australia in 2009. The broker allows the trading of over 800 forex and CFDs on its platforms which include MT4, MT4, and TradingView. Traders are provided with tools like free VPS, Crypto Crusher, Capitalise.ai, FlashTrader, Trade Idea, outlook, etc.

Eightcap Overview
  • Founded In: 2009
  • Minimum Deposit: $100
  • Maximum Leverage: 1:1000
  • Regulations: ASIC,FCA, CySEC, SCB
  • Trading platform: MT4, MT5, TradingView, Webtrader
  • Account Types: Standard, Raw, Tradingview
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Neteller, PayPal, Poli, Skrill, UnionPay, XPAY
  • US Traders: Not Accept

Forex.Com

Founded in 2001, Forex.com is a leading online forex and CFD broker that provides access to a wide range of trading instruments. It is a well-established and regulated forex broker that offers MT4, MT5, and Tradingview platforms for US residents and traders from other countries. , Forex.com is known for its competitive pricing, advanced trading technology, and comprehensive research and analysis tools. It offers over 80 currency pairs, stocks, ETFs, gold, and silver for your personal investment and trading options. Gain capital operates this trading platform.

Forex.com Overview
  • Founded In: 2001
  • Minimum Deposit: $50
  • Maximum Leverage: 50:1
  • Regulations:CySEC, FCA , KNF , IFSC
  • Trading platform:Mobile App, Web Trader, Meta Trader 5
  • Account Types: 
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
  • US Traders: Accepted

Eightcap vs Forex.Com: Pros and Cons

Eightcap

Pros
  • Regulated by ASIC, FCA, VFSA 
  • The Maximum Leverage is as high as 1:500
  • Offers passive investment programme(MAM, PAMM accounts) 
  • No Deposit/Withdrawal Fees
  • Easy To Open An Account
  • Scalping and EA Trading are allowed 
  • 100+ Crypto CFDs available
Cons
  • Minimum deposit is $100
  • No Investor Protection for non-EU Clients
  • The Broker is not regulated by FCA UK 
  • Conditions and trading costs vary according to the entity
  • Hedging is not allowed with the ASIC entity
  • No joint accounts, copy trading, referral program, or other options for passive income

Forex.Com

Pros
  • Regulated by NFA, FCA, ASIC, CySEC,  IIROC, FSA, CIMA, MAS, 
  • Top-rated forex and CFD broker in the USA 
  • Free demo account for prospective traders
  • Crypto Trading available on MT5 Trading Platforms 
  • Offers protection for U.K./E.U. client accounts
  • VPS hosting for automated strategies
  • Offers MAM account for passive investors 
  • Low forex fees, no FX commissions
Cons
  •  You can not deposit less than $100
  •  Maximum leverage is 1:50
  • No account protection for U.S. clients
  • An inactivity fee applied after 12 months of no account activity
  • Non-user-friendly desktop platform
  • Cannot buy and sell other securities (like stocks and bonds)
  •  

Eightcap vs Forex.Com: Side-by-Side Comparison

Eightcap
Forex.com
Product
Founded In
Founded In
2009
2001
Founded By
Founded By
Alex Howard
GAIN Capita
Headquarters
Headquarters
Melbourne, Australia
New Jersey,United States
Regulations
Regulations
ASIC,FCA, CySEC, SCB
NFA , CFTC
Min Deposit
Min Deposit
$100
$100
Max Leverage
Max Leverage
500:1
50:1
Tradable Assets
Tradable Assets
Forex,Commodities,Indices,Shares,Crypto
Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver
Fees
Fees
Spread from 1 pips or $3.5 per standard lot traded
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT5, TradingView, Webtrade
Mobile App, Web Trader, Meta Trader 5
US Traders
US Traders
Not Allowed
Allowed

EightcapVs Forex.Com: Our Scores and Ratings

We rated both brokers, Eightcap and Forex.Com, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

Eightcap :

9
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9
Trading (15%)8.5
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)7.2

Forex.Com

9
Forex.com Scores
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)9

Final Verdict :

Both Eightcap and Forex.com are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. Eightcap is a multi-asset and social trading platform, providing trading instruments,including  forex CFDs,commodity CFDs,index CFDs, share CFDs ,crypto CFDs. It offers both leverage and non-leverage tradable assets. On the other hand, Forex.com is a forex and CFD broker offering over forex,indices,stock,cryptocurrency,commodities, gold and silver. 

Our score for Eightcap is 9, and for Forex.com, it is 9.0 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose Eightcap. However, if you prefer online forex and CFD brokers, you may choose Forex.com.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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