Two regulated forex brokers clash over pricing, platforms, and protection. The matchup weighs regulatory strength against platform diversity and cost transparency.
Find out which broker best suits your trader profile.
Choose if…
Choose EightCap if you want top-tier regulation, raw spreads, and broad instrument access.
Choose if…
Choose OctaFX if you value OctaTrader copy trading and a low minimum deposit.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
| Editorial score | 4.3/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.4 / 5▲ | 3.8 / 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 | OctaFX |
|---|---|---|
| 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 | Fail |
| 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 | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| 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 OctaFX rates 4/5. 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.
EightCap starts from 0 pips, tighter than OctaFX's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
OctaFX has $25, while EightCap requires at least $100. This makes OctaFX more accessible for traders with limited starting capital.
EightCap holds top-tier regulation (ASIC, FCA, SCB), providing stronger investor protections. OctaFX 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: OctaFX requires a lower minimum deposit ($25), 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 OctaFX 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.
EightCap charges $7 per lot on commission-based accounts. Commission details for OctaFX are not currently available. Check their website for up-to-date pricing.
EightCap supports TradingView, cTrader, MetaTrader 4, MetaTrader 5, while OctaFX supports OctaTrader, MetaTrader 4, MetaTrader 5. Both provide MetaTrader 4 and MetaTrader 5. EightCap has exclusive access to TradingView and cTrader. OctaFX has exclusive access to OctaTrader.
EightCap offers tighter spreads from 0.00 pips vs 0.60 pips for OctaFX, reducing trading costs.
EightCap wins for safety & regulation with dual top-tier regulation and segregated client funds.
EightCap wins for active traders with raw spreads and multiple platforms on one account.
EightCap is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
EightCap dominates platform choice with MT4, MT5, cTrader, and TradingView on one account.
OctaFX is best for beginners with a $25 minimum and OctaTrader ease.
EightCap wins instrument variety with about 800 tradable instruments.
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.1 / 5 |
|---|
Platforms & Tools 20% weight | 4.5 / 5▲ | 4.0 / 5 |
|---|
Customer Support 10% weight | 4.2 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2009 | 2011 |
|---|
| Headquarters | Melbourne, Australia | Kingstown, Saint Vincent and the Grenadines |
|---|
| Min Deposit | $100 | $25▼ lower |
|---|
| Spreads From | 0 pips▼ lower | 0.6 pips |
|---|
| Commission / lot | $7/lot | N/A |
|---|
| 0.7 pips | N/A |
| 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 cardSkrillNetellerUPIFasaPay |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNetellerCrypto | Bank transferCredit cardSkrillNetellerUPIFasaPay |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | ASIC FCA SCB | CySEC FSCA SVGFSA |
|---|
| Platforms | TradingView cTrader MetaTrader 4 MetaTrader 5 | OctaTrader 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
OctaTrader copy trading platform, transparent stats, one-click follow
Localised payment methods for India, Pakistan, Indonesia
Swap-free Islamic accounts available
$25 minimum deposit, no inactivity fee
Client funds held in segregated accounts
Negative balance protection
No deposit fees
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
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
Most international clients are under SVG offshore entity, not CySEC
Limited product range, no stocks or bonds
Copy trading focus means limited support for advanced discretionary traders
No top-tier regulatory licence
No investor compensation scheme
No raw spread account option
Limited charting capabilities
No phone support
EightCap edges OctaFX on the overall editorial score, and EightCap holds top-tier regulation that OctaFX does not.
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
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