Eightcap vs Forex.Com for 2024

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Written by
Ryan Hardy sitting before his forex trading desk
Fact Checked by
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Eightcap and Forex.com are online forex brokers that offer their trading services to traders and investors. Eightcap is a regulated and trusted forex broker. It is regulated by multiple regulatory authorities including CMA, CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius,CMA . Similarly, Forex.com is also a regulated broker which is regulated by CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO. Both the brokers have their own strengths and weaknesses.  

In this article, we will review and compare the brokerage services offered by Eightcap and Forex.com. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

Eightcap vs Forex.com: In a Nutshell

Eightcap

Founded in 2009, Eightcap is an Australian-based forex and CFD broker that offers online trading services worldwide. The broker is regulated by top-tier regulatory bodies, including ASIC, FCA, CySEC, SCB, and FSASVG. It allows the trading of over 800 instruments, including forex, shares, commodities, indices, and cryptocurrencies. Eightcap offers popular trading platforms and tools like MT4, MT5, TradingView, WebTrader, an AI-powered economic calendar, Capitalise.ai, and Flash Trader for smart trading. The broker also provides daily trade ideas, professional trading insights, and code-free automation.

Eightcap Overview

Eightcap Overview
  • Founded Year: 2009
  • Founder: Joel Murphy
  • Headquarters: The Rialto, South Tower, Level 35/525 Collins St, Melbourne VIC 3000, Australia
  • Minimum Deposit: $100
  • Maximum Leverage: 1:500
  • Regulations: ASIC, FCA, CySEC, SCB, and FSASVG
  • 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 Clients: Not Accepted

Forex.Com

Founded in 2001 as part of Gain Capital Holdings, Forex.com is a well-established forex and CFD broker offering online trading services to retail traders worldwide. With over 4,500 trading instruments, including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver, Forex.com is a major player in the industry. It is regulated by top authorities such as the FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC.

The broker provides popular trading platforms and tools like MT4, MT5, WebTrader, MobileTrader, TradingView, Capitalise.ai, Active Trader, VPS, and more. Forex.com is a wholly-owned subsidiary of StoneX, a NASDAQ-listed company with assets exceeding $7.1 billion, offering institutional-grade financial services networks that connect people to global markets.To learn more, you can read our review on Forex.com

Forex.com Overview

Forex.com Overview
  • Founded In: 2001
  • Founder:  Gain Capital
  • Headquarters: United States
  • Minimum Deposit: $50
  • Maximum Leverage: 50:1
  • Regulations:FCA, DFSA, FSCA, FSA(Seychelles), CMA, and CySEC
  • Trading platform:Mobile App, Web Trader, Meta Trader 5
  • Account Types: 2, (Standard, Raw Spread) 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
  • US Traders: Accepted

Eightcap vs : Forex.com Features

Eightcap:

  • Trading Instruments: 1000+ including  Forex, Crypto CFDs, Indices CFDs, Commodities CFDs, Stocks CFDs, 
  • Maximum leverage: up to 500:1 for SCB regulation, and 30:1 for ASIC, CySEC, and FCA Jurisdiction.  
  •  Minimum Deposit: $100 or Equivalent
  • Account Types: Three Types of Accounts including Raw Account, Standard Account, Trading View Account 
  • Fees: about $3.5 per lot on each side for the raw account, 1 pip spread for the standard account, 1 pip spread for the Tradingview account 
  • PAMM/ MAM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Forex.com

  • Trading Instruments: 4500+Trading instruments including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver
  • Maximum Leverage: The maximum leverage of forex.com is  50:1 for US clients, 30:1 for EU Clients, 400:1 for CMA clients, and 200:1 for Global clients. 
  • Minimum Deposit: $100
  • Trading Fees: Starting from  1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
  • MAM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

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
Product
Eightcap
Forex.com
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
CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
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 starting from 0.8 pips or commission $5
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 offer similar trading services globally and are regulated forex brokers. The minimum lot size for both is as low as 0.1. However, there are some differences between them.

For example, Eightcap is regulated by 5 regulatory authorities, including ASIC, FCA, CySEC, SCB, and FSASVG, while Forex.com is regulated by 9 regulatory authorities, including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO. The trading cost for Eightcap is 0.0 pips Raw, 1.0 pips Standard, and TradingView account, whereas Forex.com’s trading cost is 0.8 pips spread or commission $5.

Eightcap cannot accept US clients as it is not regulated in the USA, while Forex.com, being a US-regulated forex broker, can accept clients from both the US and around the world.

Our score for Forex.com is 9, and for Eightcap, it is 9 (according to our expert ratings, brokers that achieve a score of 8.00 or higher are considered safe and trustworthy).

Therefore, Eightcap is most suited and trusted for non-US traders. However,  if you are a US trader seeking a trusted and regulated forex broker, Forex.com is a perfect choice.

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.

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