Eightcap vs FP Markets - Fees Review included
Which broker is better Eightcap or FP Markets? Our expert assessment conducted according to TU’s own methodology showed that Eightcap is one of the top brokers in the financial market with the TU Overall Score of 9.04 out of 10. FP Markets is one of the top brokers in the financial market with the TU Overall Score of 6.43 out of 10. Find out more about TU Overall Score.
| Feature | Eightcap | FP Markets |
|---|---|---|
Overall |
2.9 |
4.6 |
3.3 |
4.7 |
|
3.7 |
4.7 |
|
3.7 |
4.6 |
|
Investment Instruments |
1 |
4.9 |
Platforms and Charting Tools |
3.5 |
4.7 |
Deposit and Withdrawal |
3.6 |
4.4 |
Research |
3.9 |
3.9 |
Education |
3.4 |
3.8 |
Support |
3.6 |
4.2 |
Bonuses |
4 |
2.1 |
|
|
|
Eightcap vs FP Markets: Pros and Cons
Eightcap is regulated by the Australian Securities and Investment Commission (AFSL 443670) and by the Vanuatu Financial Services Commission (reg. no. 40377). Eightcap was incorporated in Melbourne, Australia, and offers its services as an online financial trading organization. Eightcap's line of business is Forex and CFD trading services offered to both retail and institutional clients. Eightcap gives access to one of the most popular trading platforms – MetaTrader 4.
FP Markets has provided clients with access to trading on the Forex market since 2005. More than 10,000 trading instruments are available to traders. The broker is attractive due to its favorable trading conditions, super-fast order execution, popular trading terminals, and low spreads. FP Markets is monitored by respected regulators that inspire customer confidence. The transparency and reliability of the company is guaranteed by the supervision of the Australian Securities and Investments Commission - ASIC (license number 286354) and the Cyprus Securities and Exchange Commission - CySEC (license number 371/18). The company also has a registration and an office in the state of Saint Vincent and the Grenadines (SVG FSA). The FP Markets official website contains a lot of useful information about the company, Forex trading, training, analytics, answers to frequently asked questions, a trader's blog, and much more. This training treasure trove will help you improve your level of expertise.
| Eightcap | FP Markets | |
|---|---|---|
| Overall Pros | a large number of trading assets | favorable trading conditions |
| Low fees | more than 10,000 trading instruments | |
| Good bonus programs | investment opportunities: copy trading, MAM and PAMM | |
| Raw account avaible | order execution speed is 40 ms | |
| well-regulated broker | ||
| Overall Cons | High minimum deposit - $100 | complex verification process |
| lack of investment programs |
Eightcap vs FP Markets: Safety and Regulation
| Regulated By: | Eightcap | FP Markets |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
Yes |
Other Regulators |
ASIC, VFSC |
Saint Vincent and the Grenadines (SVG FSA) |
Eightcap vs FP Markets: Trading Conditions
| Trading Conditions | Eightcap | FP Markets |
|---|---|---|
Minimum Deposit |
$100 |
$100 |
Trading Platforms |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
MT4, МТ5, Webtrader, Mobile, Iress |
Max Leverage (Futures) |
1-30 for Australian clients and 1-500 for Non-AU clients |
1-500, for EU and AU clients - 1-30 |
Supported Markets |
Forex, Cryptocurrencies, Indicies, Commodities, Shares |
Forex, indices, metals, oil, gas, raw materials, securities, cryptocurrency |
Trading assets |
3620+ |
10000+ |
Trading Accounts |
Standard Account, Raw Account, Demo |
Demo, Raw, Standard for MT4 and MT5, and Standard, Platinum, and Premier for Iress |
Base Account Currencies |
AUD, USD, GBP, NZD, SGD, EUR |
AUD |
Eightcap vs FP Markets: Fees
Forex Trading Fees
| Fee | Eightcap | FP Markets |
|---|---|---|
Standard Account EURUSD Average Spread |
0.76 pips |
1.3 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$0 |
$3 per lot |
ECN Account EUR Average Spread |
0,06 pips |
0.2 pips |
CFD Trading Fees
| Fee | Eightcap | FP Markets |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, Share CFDs - from 0.08% to 0.1% |
Non-Trading Fees
| Fee | Eightcap | FP Markets |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
Bank transfers have variable fees, typically about 25$ |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Eightcap vs FP Markets: Trading Assets
| Asset Name | Eightcap | FP Markets |
|---|---|---|
Overall |
3620+ |
10000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
No |
Bonds |
No |
Yes (CFD) |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
Eightcap or FP Markets: Investment Programs
| Asset Name | Eightcap | FP Markets |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
Bond CFDs |
Trading Platforms: FP Markets or Eightcap
| Eightcap | FP Markets | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
Yes |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
Iress |
|
|
|
Eightcap vs FP Markets: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Eightcap | FP Markets |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Eightcap vs FP Markets: Research
| Research Type | Eightcap | FP Markets |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Eightcap vs FP Markets: Education
| Education Type | Eightcap | FP Markets |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
FP Markets vs Eightcap: Support
| Support Features | Eightcap | FP Markets |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
Eightcap vs FP Markets: Forex Bonuses and Promo
| Promo | Eightcap | FP Markets |
|---|---|---|
Forex Bonus |
If you are a new client of Eightcap and you fund your new live trading account with them within 10 days of your account being opened then you are eligible to earn up to a $1,000 trading credit bonus which you can also convert into real equity at a rate of $1 for every standard FX lot when you trade; $30 No-deposit bonus |
No |
Affiliate Program |
You can refer your followers and customers to earn passive income, with rebates up to $6 USD per lot and CPAs up to $900 USD |
CPA. It is a program that allows you to receive remuneration for attracted clients. An excellent option for owners of popular Internet resources, like SEO specialists, bloggers, etc. The partner receives a fixed commission for each attracted client once they become active traders. |
Other Promos |
||
|
|
|
Top 5 Reviews on FP Markets
-
Comment
I trade with FP Markets and I can say that, for the most part, trading here is feasible. Spreads are not extremely narrow, but when they widen, it's not by much. Swaps can be positive, which is a plus. The trading terminal itself at FP Markets works fine; orders are processed quickly. Withdrawals occur in accordance with regulations. However, the withdrawal timeframes are above average compared to other companies.
-
Comment
I trust fp markets. I really like how it has changed lately, the company has begun to provide better service. So far I like everything, its client-oriented approach is at a high level. I can recommend it.
-
Comment
I want to say that FP Markets is a normal broker. There have almost never been any problems with either withdrawals or quotes. It’s a completely reliable and solvent broker.
-
Comment
Since the beginning of this year, something strange has been going on with FP Markets. The platform constantly freezes when opening and closing trades. And recently, they opened as many as five trades to buy EUR against USD. I demand that support cancels these trades because I did not open them. But it looks like I need to stop trading with this broker.
-
Comment
FP markets brings only losses. And this does not depend on how the trader trades. Even with an excellent trading strategy, trades on this platform cause losses. Because it is beneficial to the company and because FP markets itself trades against traders and takes their money.
Top 5 Reviews on Eightcap
- GO Markets vs Eightcap
- Deriv vs Eightcap
- eToro vs Eightcap
- Saxo Bank vs Eightcap
- Eightcap vs Trade Nation
- Eightcap vs Pacific Union
- Eightcap vs OspreyFХ
- Eightcap vs LegacyFX
- Eightcap vs AximTrade
- Eightcap vs FxPro
- Eightcap vs Exness
- Eightcap vs AMP Global
- Trading 212 vs Eightcap
- Eightcap vs NinjaTrader
- Eightcap vs Moneta Markets
- Eightcap vs Vantage
- Eightcap vs BlackBull Markets
- Eightcap vs SimpleFX
- Eightcap vs FXCC
- Eightcap vs Tradeview
- Eightcap vs Fullerton Markets
- Eightcap vs FXChoice
- Eightcap vs WorldForex (WForex)
- Eightcap vs FXORO
- Eightcap vs BDSwiss
- Eightcap vs Amarkets
- Eightcap vs FXOpen
- Eightcap vs Swissquote
- Eightcap vs IG
- Eightcap vs Saxo Bank
- Eightcap vs Dukascopy
- Eightcap vs LiteForex
- Eightcap vs CMC Markets
- Eightcap vs OctaFX
- Eightcap vs HotForex
- Eightcap vs TD Ameritrade
- Eightcap vs FBS
- Eightcap vs XTB
- Eightcap vs Plus500
- Eightcap vs Forex.com
- Eightcap vs Kot4x
- Eightcap vs HugosWay
- Eightcap vs Admiral Markets
- Eightcap vs Tickmill
- Eightcap vs Forex4You
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.