Eightcap Alternatives in 2024

Written by
Adam N.
Fact checked by
Updated
6d ago
Dive into our toplist of regulated and trusted brokers that we tested with real money. Every broker is available in the United States.

Are you not fully satisfied with the services of Eightcap and looking for some similar, but better options? Or maybe it's not available in your country, and you're interested in another broker like it?

We dug through our database to find other trusted providers that may better fit your needs. In our expert view, the best alternatives to Eightcap are:

  1. Forex.com - Global CFD and forex broker
  2. Oanda - US forex broker
  3. IG - Global CFD and forex broker
  4. Interactive Brokers - International broker providing all asset classes
  5. eToro - Global social trading broker
  6. Saxo - Danish investment bank
  7. Fusion Markets - Australian forex broker
  8. Global Prime - Global forex broker
  9. IC Markets - Global forex broker
  10. Pepperstone - Australian forex and CFD broker
There are multiple excellent alternatives to Eightcap
Adam
Adam Nasli
Regulation • Fighting Scams • Market Analysis

Together with my brokerage analyst colleagues, I have thoroughly tested the services of over 100 trusted brokers around the world by opening a real-money account. Here's what you need to know about finding alternatives to Eightcap:

  • You have several great options when looking for an alternative to Eightcap.

  • These alternatives offer similar products and target similar clients as Eightcap.

  • Compare some key factors (like fees) to find the broker that best suits your needs.

  • Use our Compare Brokers tool to dig deeper into the differences between brokers.

In the table below we collected all the most important details so you can check how the Eightcap and its alternatives compare to each other. Just use the drop-down menus to select the features you want to compare.

Broker
Broker intro
Eightcap
Global forex broker
Forex.com
Global CFD and forex broker
Oanda
US forex broker
IG
Global CFD and forex broker
Interactive Brokers
International broker providing all asset classes
eToro
Global social trading broker
Saxo
Danish investment bank
Fusion Markets
Australian forex broker
Global Prime
Global forex broker
IC Markets
Global forex broker
Pepperstone
Australian forex and CFD broker
Comparison of Eightcap and its alternatives

Popularity of the best alternative brokers to Eightcap

Interested in what others think? Here's how many people chose these brokers, which are the best alternatives to Eightcap, at BrokerChooser in the last 6 months.

Why are these brokers considered good alternatives to Eightcap?

When we say a given online broker is a good alternative to Eightcap we mean that these brokers are similar to Eightcap in:

  • the products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.

  • the type of clients they target, i.e. beginners, experienced investors, or day traders.

Look into these areas when comparing Eightcap alternatives

When trying to find the the best alternative choice to Eightcap, you should check and compare their characteristics along these five main categories that best bring out the differences between brokers:

Fees: Your online brokerage may charge different types of fees, and both the number and the size of these fees may vary significantly from broker to broker. This can greatly impact your returns and overall experience. Eightcap is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Eightcap alternative.

Account opening: To open an account some brokers don't ask for a minimum deposit at all, while others may require up to €50,000 to be invested. The time it takes to open your account can be very different as well. At Eightcap this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal: The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Eightcap, this might not be the case at its alternatives.

Web trading platform: While online brokers are usually available on various platforms like mobile and tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products: A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Eightcap alternative is a must.

So far BrokerChooser has reviewed 101 online brokers in detail, which gives this comparison a solid foundation. Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

  • open a live account
  • check over 100 criteria, with importance based on the preferences of real traders
  • refresh data regularly


Now let's dive into the details of how Eightcap and its alternatives perform in the most important areas!

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Eightcap and its alternatives compared

Broker
FX commission per lot
EURUSD spread
Eightcap
$3.50 commission per lot per trade
0.1
Forex.com
No commission is charged
1.2
Oanda
No commission is charged
1.0
IG
No commission is charged
0.6
Interactive Brokers
Trade value less than $1 billion: 0.2 bps * trade value; min. $2
0.2
eToro
No commission is charged
1.0
Saxo
No commission is charged
0.8
Fusion Markets
$2.25 commission per lot per trade
0.0
Global Prime
$3.50 commission per lot per trade
0.1
IC Markets
$3.50 commission per lot per trade
0.0
Pepperstone
$3.50 commission per lot per trade
0.1
Eightcap and alternatives trading fees
Broker
Minimum deposit
Eightcap
$100
Forex.com
$100
Oanda
$0
IG
$0
Interactive Brokers
$0
eToro
$10
Saxo
$0
Fusion Markets
$0
Global Prime
$0
IC Markets
$200
Pepperstone
$0
Eightcap and alternatives minimum deposit and account open times

Learn more about Eightcap minimum deposit details.

Broker
Bank transfer
Credit/debit card
Eightcap
Forex.com
Oanda
IG
Interactive Brokers
eToro
Saxo
Fusion Markets
Global Prime
IC Markets
Pepperstone
Eightcap and alternatives withdrawal options and fees
Eightcap - Web trading platform
Broker
Web platform score
Mobile platform score
Eightcap
3.1
/5
3.3
/5
Forex.com
4.5
/5
4.5
/5
Oanda
4.4
/5
4.9
/5
IG
5.0
/5
5.0
/5
Interactive Brokers
4.3
/5
4.3
/5
eToro
4.4
/5
4.9
/5
Saxo
5.0
/5
5.0
/5
Fusion Markets
2.8
/5
3.3
/5
Global Prime
2.8
/5
3.3
/5
IC Markets
2.8
/5
3.3
/5
Pepperstone
2.8
/5
3.3
/5
Eightcap and alternatives trading platform scores

Learn more about Eightcap's web trading platform in the detailed Eightcap review.

Broker
Stocks
ETFs
Eightcap
Forex.com
Oanda
IG
Interactive Brokers
eToro
Saxo
Fusion Markets
Global Prime
IC Markets
Pepperstone
Eightcap and alternatives markets and products

Recommended for forex traders looking for low fees and great research tools

Visit broker
69-77% of retail CFD accounts lose money

Forex.com snapshot
Broker intro Global CFD and forex broker
Overall score 4.5 stars
Minimum deposit $100
Inactivity fee Yes
Time to open account 1-3 days
Read review For a detailed analysis of Forex.com, check out our review for 2024.

Recommended for forex traders who value a user-friendly platform and great research tools

Visit broker
78.3% of retail CFD accounts lose money

Oanda snapshot
Broker intro US forex broker
Overall score 4.5 stars
Minimum deposit $0
Inactivity fee Yes
Time to open account 1-3 days
Read review For a detailed analysis of Oanda, check out our review for 2024.
IG Logo

IG

Recommended for traders of any experience level looking for an easy-to-use trading platform

Visit broker
71% of retail CFD accounts lose money

IG snapshot
Broker intro Global CFD and forex broker
Overall score 4.5 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of IG, check out our review for 2024.

Recommended for traders looking for broad market access and a professional trading environment

Visit broker

Interactive Brokers snapshot
Broker intro International broker providing all asset classes
Overall score 4.9 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1-3 days
Read review For a detailed analysis of Interactive Brokers, check out our review for 2024.

Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero-commission stock trading

Visit broker
eToro USA LLC; Investments are subject to market risk, including the possible loss of principal

eToro snapshot
Broker intro Global social trading broker
Overall score 4.8 stars
Minimum deposit $10
Inactivity fee Yes
Time to open account 1 day
Read review For a detailed analysis of eToro, check out our review for 2024.

Recommended for investors and traders looking for a great trading platform and solid research

Visit broker

Saxo snapshot
Broker intro Danish investment bank
Overall score 4.9 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Saxo, check out our review for 2024.

Recommended for forex traders looking for low fees and a chance to use the MetaTrader 4 platform

Visit broker
74-89% of retail CFD accounts lose money

Fusion Markets snapshot
Broker intro Australian forex broker
Overall score 4.3 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Fusion Markets, check out our review for 2024.

Recommended for forex and CFD traders who are familiar with the MetaTrader trading platforms

Visit broker
74-89% of retail CFD accounts lose money

Global Prime snapshot
Broker intro Global forex broker
Overall score 4.2 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Global Prime, check out our review for 2024.

Recommended for forex and CFD traders who value easy account opening and free deposit/withdrawal options

Visit broker
70.64% of retail CFD accounts lose money

IC Markets snapshot
Broker intro Global forex broker
Overall score 4.4 stars
Minimum deposit $200
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of IC Markets, check out our review for 2024.

Recommended for forex traders looking for great account opening and customer service

Visit broker
75.2% of retail CFD accounts lose money

Pepperstone snapshot
Broker intro Australian forex and CFD broker
Overall score 4.4 stars
Minimum deposit $0
Inactivity fee No
Time to open account 1 day
Read review For a detailed analysis of Pepperstone, check out our review for 2024.

Dig deeper into comparing Eightcap alternatives

Based on our analysis, there are several good alternatives to Eightcap. They all offer similar products and target similar customers.

If you want to dig deeper into the differences between the best alternatives for Eightcap in your country, head over to our Compare Broker tool, where you can compare brokers by filtering for various criteria including minimum deposits, fees, available products and more.

For comprehensive insights into Eightcap, read our Eightcap review for 2024. Our analysis is based on more than 600 individual data points as well as first-hand experience.

Got questions?
Engage with our growing community of traders and investors like you to find your answers.
Join now

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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