This comparison pits two ECN-oriented brokers with strong regulation and broad platform support. The tension centers on regulation, costs, platform breadth, and support options.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you value phone support, TradingView access on one account, and 800 instruments.
Choose if…
Choose FXOpen if you prioritize triple regulation, low ECN commissions, and MT4/MT5 with cTrader.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.2/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.5 / 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 | FXOpen |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| 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 | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
The scores are close: EightCap rates 4.3/5 and FXOpen rates 4.2/5. 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 FXOpen start from 0 pips, making them equivalent on this metric. Compare commissions and account types to evaluate total trading costs.
Both EightCap and FXOpen require a minimum deposit of $100 to open a live trading account.
Both EightCap and FXOpen hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
EightCap lists maximum leverage of 500:1, while FXOpen lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FXOpen charges $3 per lot, lower than EightCap's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while FXOpen supports cTrader, MetaTrader 4, MetaTrader 5. Both provide cTrader and MetaTrader 4 and MetaTrader 5. EightCap has exclusive access to TradingView.
Both brokers offer spreads from 0.00 pips.
FXOpen holds FCA, CySEC, and ASIC regulation, offering triple-regulated protection.
FXOpen is better for active traders because it offers lower ECN commissions at $3/lot.
FXOpen is better suited for scalpers: lower commission ($3/lot).
EightCap wins for platform choice with MT4/MT5, cTrader, and TradingView on one account.
EightCap is best for beginners thanks to accessible phone support.
EightCap wins for instrument variety with 800 tradable assets.
Fees & Spreads 30% weight | 4.6 / 5 | 4.8 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.4 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.0 / 5 |
|---|
| Founded | 2009 | 2003 |
|---|
| Headquarters | Melbourne, Australia | London, United Kingdom |
|---|
| Min Deposit | $100 | $100 |
|---|
| Spreads From | 0 pips | 0 pips |
|---|
| Commission / lot | $7/lot | $3/lot▼ lower |
|---|
| 0.7 pips | 0.3 pips▼ lower |
| Max Leverage | 500:1 | 500:1 |
|---|
| Inactivity Fee | $10/month (after 12 months) | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNetellerCrypto | Bank transferCredit cardDebit cardSkrillNetellerCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit cardSkrillNetellerCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | SCB FCA ASIC | CySEC FCA ASIC |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | cTrader MetaTrader 4 MetaTrader 5 |
|---|
| 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
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
Raw spread account available
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
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
$100 minimum deposit on ECN accounts
Less brand recognition than larger competitors
Customer support coverage narrower than global tier-1 brokers
No proprietary platform
No phone support
EightCap and FXOpen are closely matched, but EightCap offers phone support, while FXOpen does not.
Dig deeper into each broker’s features, fees, and regulation.
Score 4.2 / 5
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