Eightcap vs XM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - Eightcap or XM?
Our pick: XM
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - XM looks preferable to Eightcap.
XM scored 4.7/5 and ranks 2 in our all Forex brokers list, whereas Eightcap has 4.5/5 and ranks 8.
This is not financial advice. See the full comparison below.
Who is Eightcap suitable for?
Eightcap is suitable for active Forex and CFD traders, crypto enthusiasts, and those who value modern platforms and competitive trading conditions.
Who is XM suitable for?
Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.
Comparison Table of Eightcap and XM
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 4.5/5 | 4.7/5 |
| Foundation Year | 2015 | 2009 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Minimum Deposit |
|
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
|
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| Review | Eightcap Review | XM Review |
Eightcap Review
Eightcap is a modern broker with reliable regulation, convenient MT4, MT5, and TradingView platforms, and a wide selection of instruments, including over 160 cryptocurrency CFDs. It suits traders who value technology, fast market access, and competitive trading conditions. The broker will be especially interesting for active traders and those who use CFD instruments, but is less convenient for investors seeking passive trading solutions.
Pros and Cons of Eightcap
Pros
- Support for popular platforms MT4, MT5, and integration with TradingView.
- Over 800 trading instruments, including 160+ cryptocurrency CFDs.
- Regulated by ASIC, FCA, CySEC, and SCB.
- Convenient deposit and withdrawal methods with no fees.
- Modern analytics tools: AI economic calendar and FlashTrader for MT5.
Cons
- No cent or Islamic accounts.
- No passive trading solutions (copy trading, PAMM).
Eightcap is in the top 10 of the following ratings:
XM Review
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
XM is in the top 10 of the following ratings:
Reliability
| Broker | Eightcap | XM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2015 | 2009 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | Belize, Cyprus, Australia, South Africa, United Arab Emirates, Mauritius, Seychelles |
| Regulators |
|
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Eightcap
Eightcap demonstrates a high level of reliability thanks to licenses from ASIC, FCA, CySEC, and SCB, as well as segregated accounts, ensuring transparency and client protection.
Pros
- Regulated by multiple reputable authorities
- Segregated client accounts
- International presence
XM
XM is a reliable and well-regulated broker with licenses in key jurisdictions. Segregated accounts, negative balance protection, and a compensation fund make it a safe choice for traders.
Pros
- Licenses from ASIC, CySEC, DFSA, and other regulators
- Segregation of client funds
- Negative balance protection and compensation scheme
Account Opening
| Broker | Eightcap | XM |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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Eightcap
Opening an account with Eightcap is fast and convenient: registration takes a few minutes, and verification is completed within a day.
Pros
- Fast online registration
- Convenient login via Google/Facebook
- Low minimum deposit
XM
Opening an account with XM is fast and convenient: registration takes only a few minutes, the interface is intuitive, and document requirements are standard.
Pros
- Fast online registration
- Clear and straightforward KYC process
- Ability to open demo and additional accounts
Account Types
| Broker | Eightcap | XM |
|---|---|---|
| Account Types | 3/5 | 4.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:1000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Eightcap
Eightcap's account types cover traders' basic needs, offering a choice between Standard and Raw, but there are no cent, Islamic, or passive trading accounts.
Pros
- Conditions for beginners and pros
Cons
- No cent accounts
- No Islamic accounts
- No copy trading/PAMM
XM
XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.
Pros
- A wide choice of accounts for different experience levels
- Flexible trading conditions (leverage, deposit)
- Specialized accounts for stock trading
Cons
- No ECN or STP accounts
Commissions
| Broker | Eightcap | XM |
|---|---|---|
| Commissions | 4/5 | 4/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.1 | 1.7 |
| Commission per Lot | $3.5 |
Eightcap
Eightcap's fees are competitive: low spreads, an average commission on Raw, and no hidden charges make trading transparent and convenient.
Pros
- No inactivity fee
- Free deposits and withdrawals
- Tight spreads
Cons
- Market-average per-lot commission on the Raw account
XM
XM’s fees can be considered competitive: the Ultra Low account offers reduced spreads, while the absence of deposit and withdrawal fees lowers overall costs. With active trading, the conditions are attractive.
Pros
- Reduced spreads on the Ultra Low account
- No deposit or withdrawal fees
- Ability to lower costs through rebates
Cons
- Above-average spreads on the Standard account
- Inactivity fee applies
Deposit and Withdrawal
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Account Funding Methods |
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Eightcap
Eightcap provides convenient and fast money operations: fee-free deposits, quick withdrawals, and a wide choice of methods make the process simple and accessible.
Pros
- Fee-free deposits
- Fast withdrawals
- Support for cards, e-wallets, and cryptocurrencies
XM
The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.
Pros
- Zero commission for deposits and withdrawals
- A minimum limit of only 5 dollars
- Quick processing of withdrawal requests
Cons
- No cryptocurrency deposit/withdrawal options
Markets and Products
| Broker | Eightcap | XM |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 57 | 55 |
| Precious Metals | 13 | 3 |
| Energy Carriers | 3 | 3 |
| Soft Commodities | 6 | 8 |
| Indices | 21 | 50 |
| Stocks | 505 | 1307 |
| ETF | 36 | - |
| Cryptocurrency | 163 | 58 |
Eightcap
Eightcap offers a wide range of markets—from Forex and commodities to ETFs and 160+ cryptocurrencies—making the broker attractive for active traders.
Pros
- Wide range of assets
- Over 160 cryptocurrency CFDs
- Support for CFDs on stocks, ETFs, and indices
XM
The broker offers a wide range of markets and products, including over 1500 items.
Pros
- A large selection of currency pairs
- Access to CFDs on various assets
- The ability to trade cryptocurrencies
Trading Platforms
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
| Trading Platforms |
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|
Eightcap
Eightcap offers convenient platforms MT4, MT5, and TradingView, combining proven functionality with modern analysis tools.
Pros
- Support for MT4 and MT5
- Integration with TradingView
- Mobile and web versions
Cons
- No proprietary platform
XM
XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.
Pros
- Availability on various devices (PC, Mac, mobile)
- MultiTerminal for managing multiple accounts
- WebTrader for browser-based trading
Cons
- No alternatives to MetaTrader
Analytics
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
Eightcap
Eightcap's analytics combine innovation (AI calendar, FlashTrader) and insights, but in terms of the volume of expert reviews, it lags behind market leaders.
Pros
- AI economic calendar
- FlashTrader for MT5
- Trade Zone with forecasts
Cons
- Limited analytics coverage
XM
XM’s analytics are well structured and deeply integrated into the platform. Trading Central, market sentiment tools, calendars, and calculators make them useful for both active trading and careful pre-trade analysis.
Pros
- Trading Central integration and XM in-house analysis
- Economic calendar, corporate events, and calculators
- Clear market sentiment tools
Education
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 4/5 | 5/5 |
Eightcap
Eightcap's educational materials cover the basics and strategies, offering articles, e-books, webinars, and video lessons, but lag behind market leaders in depth.
Pros
- Variety of formats
- Practical strategies
Cons
- No step-by-step courses
- No podcasts or interactive quizzes
XM
XM's educational materials are extensive and varied, suitable for all experience levels.
Pros
- A wide range of materials: webinars, videos, seminars
- Available in different languages
- Daily online sessions with experts
Customer Support
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
LinkedIn
YouTube
Instagram
FacebookEightcap
Eightcap's support is efficient and available 24/5: quick responses in chat and the professionalism of specialists make it a reliable tool for clients.
Pros
- 24/5 live chat
- Local contacts
- Qualified support
Cons
- Sometimes standard responses during peak hours
XM
XM’s customer support operates reliably 24/7, offering multiple contact channels and multilingual assistance. Most issues are resolved quickly and professionally, which supports the broker’s high service rating.
Pros
- 24/7 support via chat, email, phone, and messengers
- Multilingual assistance
- Strong knowledge of products and procedures
Comparisons of Eightcap and XM with other brokers
Conclusion
XM stands out as the better overall pick, while Eightcap trails on aggregate criteria.
XM scored 4.7/5 and ranks 2 in our rating; Eightcap has 4.5/5 and ranks 8.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Eightcap or XM?
XM comes out ahead by overall rank (score 4.7/5, position 2) versus Eightcap (score 4.5/5, position 8).
Which broker is better for beginners: Eightcap or XM?
XM is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — Eightcap or XM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with Eightcap and XM?
Eightcap: MetaTrader 4, MetaTrader 5, TradingView. XM: MetaTrader 5, MetaTrader 4, WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with Eightcap and XM?
Eightcap: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. XM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by Eightcap and XM?
Eightcap: Standard, Raw. XM: Standard, Micro, XM Ultra Low, Shares. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by Eightcap and XM?
Eightcap: PayPal, Bpay, Skrill, Neteller, Interac, FasaPay, Dragonpay, Bank Transfer, Visa, Mastercard, UnionPay. XM: Neteller, Skrill, SticPay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — Eightcap or XM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
