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: Eightcap
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Eightcap looks preferable to XM.
Eightcap scored 4.5/5 and ranks 7 in our all Forex brokers list, whereas XM has 4.2/5 and ranks 30.
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 | 4.2/5 |
| Foundation Year | 2015 | 2009 |
| Regulated in Countries | Australia, United Kingdom, Cyprus, Bahamas | Belize, Cyprus, Australia, United Arab Emirates |
| 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
- Inconsistency in technical support.
- 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, United Arab Emirates |
| Regulators | ASIC ASIC FCA FCA CySEC CySEC SCB SCB | BFSC BFSC CySEC CySEC ASIC ASIC DFSA DFSA |
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 Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.
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 Group is straightforward and quick.
Account Types
| Broker | Eightcap | XM |
|---|---|---|
| Account Types | 3/5 | 4.3/5 |
| 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 fixed spread accounts.
- No ECN or STP accounts.
Commissions
| Broker | Eightcap | XM |
|---|---|---|
| Commissions | 4/5 | 2.5/5 |
| 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 commissions are rated as average.
Pros
- Low spreads on the Ultra Low account.
- No swaps on many currency pairs on the Ultra Low account.
Cons
- Wider spreads and higher swaps on the standard account.
- Inactivity fee.
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 |
| 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
Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.
Pros
- Exclusive market analysis from professionals.
- Trading signals and tools such as Autochartist.
- The option to listen to news recordings.
Cons
- Real account required to access all materials.
Education
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
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.
Cons
- Lack of textual materials and books.
- No personalized learning options.
Customer Support
| Broker | Eightcap | XM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
LinkedIn
YouTube
InstagramEightcap
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 technical support offers 24/7 access through various channels, but the service quality is inconsistent.
Pros
- Round-the-clock support.
- A variety of communication channels.
- Quick responses in some cases.
Cons
- Ineffectiveness of solutions, according to reviews.
Comparisons of Eightcap and XM with other brokers
Conclusion
Eightcap stands out as the better overall pick, while XM trails on aggregate criteria.
Eightcap scored 4.5/5 and ranks 7 in our rating; XM has 4.2/5 and ranks 30.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: Eightcap or XM?
Eightcap comes out ahead by overall rank (score 4.5/5, position 7) versus XM (score 4.2/5, position 30).
Which broker is better for beginners: Eightcap or XM?
Eightcap 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. 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, WebMoney, Perfect Money, SticPay, 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.
