OctaFX vs Eightcap

If you are reading this article, you’re likely having trouble deciding whether Eightcap or OctaFX is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this Eightcap vs OctaFX review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• OctaFX vs Eightcap - Verdict

Feature	OctaFX (visit site)	Eightcap (visit site)
Headquarter:	St. Vincent and the Grenadines	Australia
Regulation :	CySEC	ASIC, SCB, FCA, CySEC
Type of Broker:	ECN/STP	Market Maker
U.S. Clients Allowed:
Minimum Deposit:	$50	$100
Maximum Leverage:	1:500	1:500
Commissions / Spreads:	Both	Both
Account 1:	Micro	Standard
Account 2:	Pro	ECN
Account 3:	ECN
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/7	24/5
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what OctaFX offers	See what Eightcap offers

Features and Platforms

Eightcap, based in Australia, maintains the core MT4/MT5 trading platforms, upgraded via the Amazing Trader plugin and the active TradingView community, and recently expanded its trading environment with Capitalise AI. It allows traders to automate trading with natural language input that requires no coding skills. Other notable features are quality in-house research, education, and excellent trade execution. OctaFX provides traders with MT4/MT5 plus the Autochartist plugin and cTrader as an alternative. It also developed its proprietary copy trading platform.

Available Markets

Eightcap features 40+ currency pairs versus 32 at OctaFX. The asset selection extends with four commodities and eleven index CFDs at Eightcap compared to five and ten at OctaFX. Eightcap maintains 900+ equity CFDs and 250+ cryptocurrencies, while OctaFX has zero and five, respectively. Overall, Eightcap grants traders a balanced selection with 1,200+ assets. OctaFX maintains one of the smallest ranges of trading instrument choices in the industry.

Typical Spreads and Fees

Eightcap deploys an expensive commission-free pricing environment with a minimum mark-up of 1.0 pips or $10 per 1.0 standard lot. OctaFX counters with 0.6 pips or $6 per lot. The commission-based alternative at Eightcap shows raw spreads of 0.0 pips for a cost of $7 per lot. OctaFX lists an expensive commission-based option with spreads from 0.8 pips for a commission between $4.00 and $6.00. The Status Level reward program decreases costs further. Eightcap levies swap rates on leveraged overnight positions, while OctaFX applies a mix of fees labeled differently. Third-party payment processor fees apply equally.