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Markets.com vs Eightcap 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Markets.com and Eightcap? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Markets.com ranks more highly than Eightcap.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingMarkets.comEightcapXTB
Overall Rating8.1 / 107.2 / 108.7 / 10
Account TypeMarkets.comEightcapXTB
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoNoYes
Copy TradingMarkets.comEightcapXTB
Social Trading / Copy TradingYesYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyMarkets.comEightcapXTB
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)Markets.comEightcapXTB
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsNoYesYes
Indices (Index CFDs)Markets.comEightcapXTB
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsMarkets.comEightcapXTB
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingYesYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFYesNoNo
U.S. Stocks (CFD)YesYesYes
Trading PlatformsMarkets.comEightcapXTB
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesMarkets.comEightcapXTB
Tier-1 Licenses221
ASIC Authorised (Australia)YesYesNo
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)NoYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)NoNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoNo
Tier-2 Licenses213
Tier-3 Licenses111
Research, EducationMarkets.comEightcapXTB
Trading Central (Recognia)NoNoNo
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistNoNoNo
Investor Dictionary (Glossary)NoYesNo
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)NoYesYes
Trading CostsMarkets.comEightcapXTB
Minimum Initial Deposit$100$100$0
Average Spread EUR/USD - Standard1.9 (as of Oct 2019)1.0 (Aug 2022)1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.9 (as of May 2019)0.761.04 (Q3 2022)
Active Trader or VIP DiscountsYesNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)NoYesYes
Trading ToolsMarkets.comEightcapXTB
Watchlists - Total Fields678
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)893039
Mobile Charting - Indicators / Studies(default on MT4, none on Markets app)3039
Trust FactorsMarkets.comEightcapXTB
Year Founded199920092002
Publicly Traded (Listed)YesNoYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score988795
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Markets.com vs Eightcap Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Markets.com vs Eightcap.

Can I trust Markets.com?

Markets.com has a trust score of 98, giving it a "98" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Eightcap?

Eightcap has a trust score of 87, giving it a "Trusted" trust label.

Is Markets.com a good broker?

Markets.com may be an expensive option, but its trading platforms are easy to use, and traders gain access to a wide range of forex and CFD symbols.

Is Eightcap a good broker?

Eightcap is an up and coming broker that boasts a large range of cryptocurrency CFDs, alongside several MetaTrader plugins and related tools. That said, it's offering is otherwise limited in terms of the number of symbols you can trade, and the scope of its educational and reserach materials available could stand to improve.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Markets.com is ASIC Authorised (Australia), while Eightcap is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), SFC Authorised (Hong Kong), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, Markets.com is CySEC Authorised (Cyprus) and FSCA Authorised (South Africa), while Eightcap is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses Markets.com is FSC Authorised (British Virgin Islands), while Eightcap is VFSC Authorised (Vanuatu)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), CIMA Authorised (Cayman Islands) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

For trading platforms Markets.com supports a Proprietary Platform and Desktop Platform (Windows), whereas Eightcap supports a Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does Markets.com offer MetaTrader? Does Eightcap offer MetaTrader?

Both Markets.com and Eightcap offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do Markets.com and Eightcap differ in terms of minimum deposit? What about average spreads and funding options?

Markets.com requires a minimum deposit of $100, while Eightcap requires a minimum deposit of $100. From our testing we found Markets.com offers spreads of 1.9 (as of Oct 2019), while Eightcap offers spreads of 1.0 (Aug 2022). Markets.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where Eightcap supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Markets.com or Eightcap?

Markets.com offers a more diverse selection of investment options than Eightcap allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD)., neither have Spread Betting Looking at total tradeable symbols, Markets.com has 2179, compared to 326 from Eightcap.

Can I trade cryptocurrency with Markets.com or Eightcap?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither Markets.com nor Eightcap allow you to trade physical cryptocurrencies.

Who offers more research tools, Markets.com or Eightcap?

In terms of research and research tools Markets.com gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison Eightcap has the tools listed here: Daily Market Commentary and Social Trading / Copy Trading., neither have Autochartist and Trading Central (Recognia)

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