EightCapvs
OANDAForex Broker Comparison
EightCap and OANDA face off in a cross-continental regulatory framework with differing platform ecosystems. The clash centers on pricing clarity, platform breadth, and instrument variety, building anticipation for the verdict.
Our Verdict
OANDA winsby 0.3 pts
OANDA's higher editorial score (4.6 vs 4.3) is accompanied by stronger trust/regulation (4.8 vs 4.4) and platforms (4.6 vs 4.5).
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1EightCap offers about 800 instruments versus OANDA's ~70.
- 2EightCap provides raw spreads from 0 pips with $7/lot.
- 3EightCap has no inactivity fee; OANDA charges inactivity fees.
Who should choose EightCap vs OANDA?
Find out which broker best suits your trader profile.
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 offers tighter spreads from 0.00 pips vs 1.00 pips for OANDA, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
EightCap vs OANDA: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.3/ 5 | 4.6/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5 | 4.8 / 5▲ |
EightCap vs OANDA 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 OANDA: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
2
EightCap
criteria wins
1
OANDA
criteria win
Highlighted rows show where the two brokers differ
| Criteria | EightCap | OANDA |
|---|---|---|
| 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 OANDA: Frequently Asked Questions
The scores are close: EightCap rates 4.3/5 and OANDA rates 4.6/5. OANDA 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.
EightCap starts from 0 pips, tighter than OANDA's 1 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OANDA has no minimum deposit, while EightCap requires at least $100. This makes OANDA more accessible for traders with limited starting capital.
Both EightCap and OANDA 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: OANDA 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 OANDA lists up to 50:1. 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 OANDA are not currently available. Check their website for up-to-date pricing.
EightCap supports MetaTrader 5, cTrader, MetaTrader 4, TradingView, while OANDA supports MetaTrader 5, MetaTrader 4, Proprietary Web/Mobile, TradingView. Both provide MetaTrader 5 and MetaTrader 4 and TradingView. EightCap has exclusive access to cTrader. OANDA has exclusive access to Proprietary Web/Mobile.
