XM versus Eightcap

Traders at Eightcap get the out-of-the-box MT4/MT5 trading platforms, with complete support for algorithmic trading and integrated copy trading services. Eightcap also offers Capitalise AI, enabling traders to automate strategies in a code-free environment. The most recent additions to the Eightcap product portfolio are the dedicated cryptocurrency solution Cryptocrusher and services by the Amazing Trader.

XM presents traders with a well-balanced multi-asset broker. Besides the core MT4/MT5, XM maintains low trading costs and a balanced asset selection. It is also one of the most accessible brokers with a $5 minimum deposit requirement, while generous bonuses and incentives are also available. XM also features quality trading tools.

We have conducted an in-depth review of Eightcap and XM to determine which presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsEightcap (visit site)XM (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$5 monthly after 90 days
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Cutting-edge trading tools Low trading costs
Unique Feature Two:
Competitive cost structureExcellent order execution
Broker Offers:


Both brokers offer quality education and research. XM features one of the most efficient order execution environments, mostly without requotes or rejections, while Eightcap has the MAM module for account managers.

Available Markets

Available MarketsEightcapXM
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

Eightcap has 40+ currency pairs and 250+ cryptocurrency CFDs, making it a leader in the crypto category. The list of trading instruments exceeds 1,000, bested by 1,300+ at XM, where Forex and equity traders get a better choice of trading instruments. Both brokers maintain a balanced asset selection suitable for most traders.

Typical Spreads and Fees

Typical Spreads & FeesEightcapXM
Minimum Raw Spreads:
0.0 pipsNot applicable
Minimum Standard Spreads:
1.0 pips0.6 pips
Minimum Commission for Forex:
$7.00 per round lotCommission-free
Commission for CFDs/DMA:
Commission Rebates:
Execution Type:
Market Maker/ECN HybridMarket Maker

Both brokers offer traders a competitive pricing environment. XM has an edge with its commission-based costs structure and minimum Forex costs of $6.00 per round lot plus a volume-based rebate program. Eightcap counters with a minimum commission-based fee of $7.00 per lot, but it ranks among the lowest-priced cryptocurrency CFD brokers.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
Australian Securities & Investments Commission391441
Securities Commission of The BahamasSIA-F220


Country of the RegulatorName of the RegulatorLicense Number
International Financial Services Commission000261/158
Australian Securities & Investments Commission443670
Securities Commission of The BahamasSIA-F201
Cyprus Securities and Exchange Commission120/10 and 256/14
Financial Conduct Authority705428
Dubai Financial Services AuthorityF003484
Commodity Futures Trading Commission / National Futures AssociationNFA #0516820

Eightcap and XM both segregate client deposits from corporate funds and offer negative balance protection. XM complies with more global regulators, including the UK and Cyprus, which have investor compensation funds. Despite this, traders get a clean regulatory track record and an equally secure and trustworthy trading environment at both brokers.

Eightcap vs XM – Verdict


Innovative trading tools focused on algorithmic tradingBelow-average Forex selection
Balanced asset selection and leading cryptocurrency broker
Competitive commission-based cost structure and deep liquidity
Quality educational content and research for beginner traders


A well-balanced overall asset selection Limited cryptocurrency selection
Upgraded MT4/MT5 trading accounts with excellent order execution statistics
Low minimum deposit of $5 and maximum leverage of 1:888
Competitive commission-free trading costs from $5.00 per 1.0 standard lot

Both brokers provide traders with a competitive environment and the core MT4/MT5 trading platforms. Eightcap takes an overall lead as it features Capitalise AI, enabling automation of strategies in a code-free environment. It also added the dedicated cryptocurrency solution Cryptocrusher and services by the Amazing Trader. XM maintains lower trading costs and a narrowly broader asset selection, but Eightcap takes the overall lead through its cryptocurrency CFD selection and algorithmic trading environment.

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