Compare FP Markets vs Eightcap
What is FP Markets? What is Eightcap ?
FP Markets is a global contract for differences (CFD) and online retail foreign exchange (Forex) broker established and regulated in Australia since 2005. It offers over 800 CFD markets, including Forex, shares, indices, commodities, metals, bonds and futures. It also provides access to advanced trading platforms such as MT4, MT5, IRESS and WebTrader, as well as trading tools such as TradingView, Capitalise.ai, FlashTrader and more.
Eightcap is an online broker that allows its clients to trade on over 200 CFD markets, including Forex, indices, commodities, stocks and cryptocurrencies. It also offers access to MT4 and MT5 trading platforms, as well as trading tools such as TradingView, Crypto Crusher, Capitalise.ai and more.
FP Markets vs Eightcap Regulation Comparison
Both brokers are regulated by the Australian Securities and Investments Commission (ASIC), which means they have to comply with strict rules regarding client funds protection, financial reporting, risk management and dispute resolution.
FP Markets is also authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC) and the European Securities and Markets Authority (ESMA), which means it can offer its services to clients in the European Union (EU) and the European Economic Area (EEA).
Eightcap is not regulated by any other authority besides ASIC.
FP Markets vs Eightcap Trading Assets Comparison
FP Markets offers a wider range of CFD markets than Eightcap, with over 800 instruments across various asset classes.
Eightcap offers over 200 CFD markets, mainly focusing on Forex, indices and commodities.
| Asset Class | FP Markets | Eightcap |
|---|---|---|
| Forex | 60+ currency pairs | 40+ currency pairs |
| Shares | Over 10,000 stocks on global exchanges | Over 100 stocks on US exchanges |
| Indices | 19 major global indices | 15 major global indices |
| Commodities | Coffee, natural gas, corn & more | Oil, gold, silver & more |
| Bonds | US10YR & UK Long Gilt Futures GILT | None |
| Metals | Gold, oil, silver & more | Gold & silver |
| Cryptocurrencies | Bitcoin, Ethereum & Litecoin | Bitcoin, Ethereum & Litecoin |
FP Markets vs Eightcap Trading Fees Comparison
Both brokers offer competitive pricing and low spreads on their CFD markets.
FP Markets claims to offer spreads from 0.0 pips on major currency pairs such as the EUR/USD, USD/JPY and GBP/USD.
Eightcap also claims to offer spreads from 0.0 pips on major currency pairs such as the EUR/USD.
Both brokers charge commissions on some of their account types and platforms.
FP Markets vs Eightcap Account Types Comparison
Both brokers offer different account types to suit different trading styles and preferences.
FP Markets offers four account types: Standard MT4/MT5, Raw MT4/MT5, Standard IRESS and Platinum IRESS.
Eightcap offers two account types: Standard MT4/MT5 and Raw MT4/MT5
FP Markets vs Eightcap Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients.
FP Markets accepts deposits and withdrawals via credit/debit cards, bank wire transfers, e-wallets such as Neteller, Skrill and PayPal, and local payment methods such as POLi, BPay and FasaPay.
Eightcap accepts deposits and withdrawals via credit/debit cards, bank wire transfers, e-wallets such as Neteller and Skrill, and local payment methods such as POLi and Dragonpay.
Both brokers do not charge any fees for deposits or withdrawals, but third-party fees may apply.
FP Markets vs Eightcap Trading Platforms Comparison
Both brokers offer access to the popular MT4 and MT5 trading platforms, which are widely used by traders around the world for their advanced charting, custom indicators, expert advisors and automated trading features.
FP Markets also offers access to the IRESS platform, which is a web-based platform that provides direct market access (DMA) to over 10,000 global shares, as well as advanced order types, news feeds, market depth and more.
Eightcap does not offer access to the IRESS platform.
FP Markets vs Eightcap Analytical Tools Comparison
- Both brokers offer access to various analytical tools that can help traders enhance their trading performance and experience.
- FP Markets offers access to TradingView, which is a web-based platform that allows traders to trade directly from the charts, access premium charting packages, trading strategies, indicators and social network.
- Eightcap also offers access to TradingView.
- FP Markets offers access to Capitalise.ai, which is a tool that allows traders to create, test and automate trading strategies using everyday English without coding.
- Eightcap also offers access to Capitalise.ai.
- FP Markets offers access to FlashTrader, which is a tool that allows traders to target multiple profits, calculate position size, and place stops and limits in a flash with just one click on the trade ticket.
- Eightcap does not offer access to FlashTrader.
- FP Markets offers access to Crypto Crusher, which is a tool that provides exclusive trade ideas for cryptocurrency CFDs, with clear entry/exit levels and market sentiment.
- Eightcap also offers access to Crypto Crusher.
FP Markets vs Eightcap . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals, risk appetite and budget. Both brokers have their pros and cons, and you should weigh them carefully before making a decision. You can also see some online reviews and ratings from other traders who have used these brokers, but keep in mind that they may not reflect your own experience. Ultimately, the best broker for you is the one that meets your needs and expectations.
