Written by ForexBrokers.com
In this head to head comparison of FP Markets vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FP Markets vs Eightcap: Both online brokers are regulated by multiple financial authorities, but they differ slightly in trust and licensing. FP Markets holds 2 Tier-1 and 1 Tier-2 licenses and earns a 90/99 Trust Score from ForexBrokers.com (highly trusted), while Eightcap holds 3 Tier-1 and 1 Tier-2 licenses with an 87/99 Trust Score (trusted).
Founded in 2005, FP Markets is not publicly traded and is not a bank; Eightcap, founded in 2009, is also private and not a bank. When comparing regulation, consider FP Markets’ higher trust category versus Eightcap’s extra Tier-1 license to decide which mix of oversight and company background fits your needs.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2005 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
FP Markets and Eightcap both score well for commissions and fees, but FP Markets comes out ahead on value overall. FP Markets is rated 4.5 out of 5 stars and ranked #11 out of 36 brokers for Commissions and Fees. Its Raw ECN account is especially competitive, with average spreads of 0.1 pips and about 0.8 pips all-in after commission, while the Standard account is more expensive at around 1.1 pips on EUR/USD. FP Markets also offers commission-based pricing on cTrader, with a flat $6 round-turn per standard lot for forex trading.
Eightcap is also rated 4.5 out of 5 stars, but it ranks lower at #20 out of 36 brokers in the same category. Its Raw account shows very tight average spreads of 0.06 pips, but the $3.50 per-side commission brings the all-in cost to roughly 0.76 pips. That puts it close to the industry average, though still a bit pricier than the cheapest forex brokers. For traders choosing between the two, Eightcap is competitive, but FP Markets generally has the edge for overall pricing.
In short, both brokers offer low-cost trading options, especially on their commission-based accounts. FP Markets is the better pick if you want a slightly stronger mix of price and overall value, while Eightcap remains a solid choice for traders looking for tight spreads and straightforward fees.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $100 AUD | $100 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.0 |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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FP Markets offers a wider range of investments than Eightcap, making it the stronger choice for traders who want more market variety. FP Markets lists about 10,000 tradeable symbols and 71 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers offer forex trading as CFDs, and both also let clients trade cryptocurrency CFDs, but neither offers access to actual, delivered crypto or exchange-traded shares on U.S. or international stock exchanges.
One area where FP Markets stands out even more is copy trading, which Eightcap does not offer. This broader selection helps explain why FP Markets is rated 4.5 out of 5 stars for Range of Investments and ranks #17 out of 36 brokers, while Eightcap scores 3.5 stars and ranks #30. For traders comparing online brokers by product choice alone, FP Markets has the clear advantage.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 803 |
| Forex Pairs (Total) | 71 | 55 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
FP Markets and Eightcap both give traders plenty of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, and access to MetaTrader 4 and MetaTrader 5. Both brokers also let you trade directly from charts, which can make it easier to place orders while reviewing price movement. In ForexBrokers.com’s Trading Platforms and Tools category, both are rated 4 out of 5 stars, so each offers a solid overall setup for everyday trading.
The main differences come down to extras. FP Markets offers its own in-house platform and copy trading, while Eightcap does not offer either of those features. That gives FP Markets an edge for traders who want more built-in options and social trading tools. This difference is also reflected in the rankings, where FP Markets places #22 out of 36 brokers, compared with Eightcap at #32 out of 36 for Trading Platforms and Tools.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
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FP Markets and Eightcap both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and auto-saving chart drawings. Each broker is rated 4 out of 5 stars for mobile trading apps, so both provide a solid experience for traders who want to manage positions on the go. FP Markets is ranked #20 out of 36 brokers by ForexBrokers.com in this category, while Eightcap is ranked #32.
The main differences come down to syncing and chart tools. Eightcap lets watchlists sync between its mobile app and online account, which makes it easier to keep track of symbols across devices, while FP Markets does not. Eightcap also offers 100 technical studies in its app charts, compared with FP Markets, which uses the standard MetaTrader charting tools by default. For traders who want more chart options and synced watchlists, Eightcap has the edge, while FP Markets still covers the basics well.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and Eightcap both give traders daily market commentary, a sentiment tool, and an economic calendar, so each broker covers the basics of market research well. They both help users keep track of current events and see how other traders are positioned in the market. However, FP Markets stands out with added research depth, including forex news from top sources like Bloomberg, Reuters, or Dow Jones, plus tools from Autochartist and Trading Central for technical and fundamental analysis.
Eightcap offers less in the way of third-party research, since it does not provide top-tier forex news, Autochartist, or Trading Central. It does include Acuity Trading’s Signal Centre, which FP Markets does not offer. Even so, FP Markets has the edge for research overall, with a 4-star rating and a #22 ranking out of 36 brokers from ForexBrokers.com, compared with Eightcap’s 3.5-star rating and #34 ranking.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning support, FP Markets has the edge over Eightcap. FP Markets offers forex and CFD education with at least 10 learning pieces, holds online educational webinars at least once a month, and provides 10 or more beginner videos plus 10 or more advanced videos for traders who want to keep learning. Eightcap also offers at least 10 beginner videos and forex or CFD education, but it does not run monthly educational webinars and does not meet the same level of advanced video content.
That difference shows up in the ratings too. FP Markets is rated 4 out of 5 stars for Education and ranks #22 out of 36 brokers on ForexBrokers.com, while Eightcap scores 3.5 out of 5 stars and ranks #31. In simple terms, both brokers offer useful starter material, but FP Markets gives new traders more ways to learn and grow through its wider mix of webinars and video content.
| Feature |
FP Markets
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than Eightcap. FP Markets finished with an overall rank of #19, while Eightcap finished with an overall rank of #30.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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Eightcap
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|---|---|---|
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| Trust Score | 90 | 87 |
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FP Markets vs Eightcap: neither broker offers the ability to buy actual (delivered) cryptocurrency, but both allow trading cryptocurrency CFDs.
Both FP Markets and Eightcap support PayPal, Skrill, and bank wire deposits and withdrawals, do not offer ACH or SEPA transfers, and provide no specified details on Visa or Mastercard funding options.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | FP Markets | Eightcap | |
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| Trust Score | 90 | 87 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
| Broker Screenshots | FP Markets | Eightcap | |
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| Regulation | FP Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 90 | 87 | |
| Year Founded | 2005 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FP Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 803 | |
| Forex Pairs (Total) | 71 | 55 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | FP Markets | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | Eightcap | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | Eightcap Review |
| Overall | FP Markets | Eightcap | |
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| Trust Score | 90 | 87 | |
| Winner | check_circle | ||
| Review | FP Markets Review | Eightcap Review |
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