EightCapvs
IGForex Broker Comparison
Two brokers clash over price, platforms, and regulation. EightCap offers four platforms with razor pricing, while IG delivers broad markets and a deep regulatory pedigree.
Who should choose EightCap vs IG?
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want no inactivity fee and raw EUR/USD pricing on a Razor ECN account.
Choose if…
Choose IG if you want 19,000+ markets, a proprietary platform with ProRealTime charts, and a zero minimum deposit.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
EightCap vs IG: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.8/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 5.0 / 5▲ |
EightCap vs IG Forex Broker Pros & Cons
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
EightCap vs IG: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
EightCap
criteria wins
1
IG
criteria win
Highlighted rows show where the two brokers differ
| Criteria | EightCap | IG |
|---|---|---|
| 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 | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
EightCap vs IG: Frequently Asked Questions
IG rates 4.8/5 versus 4.3/5 for EightCap. IG edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
EightCap starts from 0 pips, tighter than IG's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
IG has no minimum deposit, while EightCap requires at least $100. This makes IG more accessible for traders with limited starting capital.
Both EightCap and IG 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, two factors stand out: IG has no minimum deposit, removing the capital barrier entirely, 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 IG lists up to 30:1. 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 on commission-based accounts. Commission details for IG are not currently available. Check their website for up-to-date pricing.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while IG supports Proprietary Web/Mobile, TradingView, MetaTrader 4, ProRealTime. Both provide TradingView and MetaTrader 4. EightCap has exclusive access to cTrader and MetaTrader 5. IG has exclusive access to Proprietary Web/Mobile and ProRealTime.
