This comparison pits EightCap against FBS across trust, costs, and platforms. The tension centers on regulation quality and pricing models versus platform breadth and automation.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want top-tier regulation with a compensation scheme and broad instrument variety.
Choose if…
Choose EightCap if you value broad instrument variety and advanced charting. Choose FBS if you want a $1 minimum deposit and MT4/MT5 across multiple account types. Choose FBS if you operate in Southeast Asia, MENA, and Africa and accept offshore regulation.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 3.9/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 3.5 / 5 |
Pros
MT4, MT5, cTrader, and TradingView all available on one account
Capitalise.ai code-free automation included at no extra cost
ASIC (391441) and FCA (921296) dual regulation
Razor account: raw EUR/USD from 0.0 pips at $7 round-turn commission
No minimum deposit on Standard account
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | EightCap | FBS |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Fail |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: EightCap rates 4.3/5 and FBS rates 3.9/5. EightCap has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
Both EightCap and FBS start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
FBS has $1, while EightCap requires at least $100. This makes FBS more accessible for traders with limited starting capital.
EightCap holds top-tier regulation (ASIC, FCA, SCB), providing stronger investor protections. FBS may be regulated but does not hold top-tier status in our data. Verify regulatory status on each regulator's public register before depositing funds.
For beginners, two factors stand out: FBS requires a lower minimum deposit ($1), lowering the barrier to entry, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
EightCap lists maximum leverage of 500:1, while FBS lists up to 3000:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
EightCap charges $7 per lot, lower than FBS's $20 per lot. Lower commissions benefit active traders who execute many trades per day.
EightCap supports cTrader, MetaTrader 5, TradingView, MetaTrader 4, while FBS supports MetaTrader 5, MetaTrader 4. Both provide MetaTrader 5 and MetaTrader 4. EightCap has exclusive access to cTrader and TradingView.
Both brokers offer spreads from 0.00 pips.
EightCap wins for safety and regulation thanks to ASIC and FCA oversight and client fund segregation.
EightCap wins for active traders due to four-platform access and included code-free automation.
EightCap is better suited for scalpers: lower commission ($7/lot).
EightCap leads platform choice with MT4/MT5, cTrader, and TradingView on one account.
FBS best for beginners with a $1 minimum deposit and MT4/MT5 access.
EightCap has broader instrument variety with 800 instruments.
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.0 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 3.8 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2009 | 2009 |
|---|
| Headquarters | Melbourne, Australia | Belize City, Belize |
|---|
| Min Deposit | $100 | $1▼ lower |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot▼ lower | $20/lot |
|---|
| 0.7 pips▼ lower | 2 pips |
| Max Leverage | 500:1▲ higher | 3,000:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit cardSkrillNetellerFasaPayPerfect Money |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit cardSkrillNetellerFasaPayPerfect Money |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | CySEC FSCA IFSC |
|---|
| Platforms | cTrader MetaTrader 5 TradingView MetaTrader 4 | MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
Very low $1 minimum deposit on Cent accounts
MT4 and MT5 on all account types
Multiple account types including Cent, Zero Spread, and ECN
Widely available across Southeast Asia, MENA, and Africa
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Cons
$100 minimum on Razor ECN account
Shorter public track record than IC Markets or Pepperstone
Research and educational content thinner than larger peers
Not available to US residents
No proprietary platform
Cons
Primary entity uses IFSC Belize, offshore, limited investor protection
Bonus turnover requirements are onerous
Very high leverage (3000:1) is a significant risk factor for retail clients
No top-tier regulatory licence
No investor compensation scheme
No proprietary platform
Limited charting capabilities
EightCap edges FBS on editorial score, supported by top-tier regulation, a compensation scheme, and a larger instrument universe.
Dig deeper into each broker’s features, fees, and regulation.
Score 3.9 / 5
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