Eightcap vs FXPIG

Eightcap or FXPIG – which is better for UK traders 2024? Compare Eightcap and FXPIG in this detailed breakdown of their platforms, features and fees.

Eightcap vs FXPIG Comparison Table 2024
Eightcap FXPIG
rating empty
rating full
4.6
rating empty
rating full
2.7
Eightcap is ranked #4 among CFD brokers. FXPIG is ranked #97 among CFD brokers.
Review
Review
Eightcap is an award-winning, FCA-regulated broker offering industry-low trading fees. They are also the highest-rated brand by TradingView’s 50 million-strong users, who can trade directly on the platform. UK traders can sign up for a live account with an accessible £100 minimum deposit. FXPIG is an offshore STP broker founded in 2010. The brand has partnered with 20+ tier-one and tier-two liquidity providers to offer fast execution speeds of <10ms and tight spreads. FXPIG provides access to a range of asset classes with a choice of third-party trading software.
Pros
  • Having excelled across all key areas for traders, Eightcap outperformed more than 490 competitors to win our 'Best Overall Broker' award for 2024, also securing our 'Best Crypto Broker' title.
  • With tight spreads from 0 pips, low commission fees, and high leverage up to 1:500 for certain clients, Eightcap provides cost-effective and flexible trading conditions that can accommodate an array of strategies, including trading and scalping.
  • After bolstering its roster in 2021, Eightcap offers one of the most extensive selections of cryptocurrency CFDs in the market, with crypto/fiat pairs, crypto/crypto pairs, plus crypto indices for broader exposure to the market.
  • Eightcap stands out with a selection of powerful trading tools, including MT4 and MT5, the innovative algorithmic trading platform Capitalise.ai, and more recently the 50-million strong social trading network TradingView.
  • Access to 'Smart Trading Tools' such as correlation matrix, sentiment data and an economic calendar
  • Free demo account plus entry into trading contests with cash prizes up to $800
  • Two pricing models for different trading goals and experience levels
  • Responsive customer support via live chat, telephone and email
  • STP trading with ultra-fast execution speeds
  • MT4, MT5, cTrader and FIX API available
  • 80+ forex pairs with low spreads
Cons
  • In spite of an increasing variety of tools, Eightcap doesn't offer industry favorites like Autochartist or Trading Central, which offer cutting-edge charting analytics, live news, and market insights for short-term traders.
  • Eightcap needs to continue bolstering its suite of instruments to match category leaders like Blackbull Markets with its 26,000+ assets, featuring a particularly weak selection of commodities.
  • The demo account expires after 30 days and can only be extended upon request - a notable inconvenience compared to the likes of XM with its unlimited demo mode.
  • Despite a useful library of educational guides and e-books, Eightcap still trails IG’s comprehensive toolkit for aspiring traders with its dedicated IG Academy app and 18 course categories.
  • Weak regulatory oversight from the VFSC
  • Below average education and market research
  • No swap-free account
Awards
  • Best Overall Broker 2024 - DayTrading.com
  • Best Cryptocurrency Broker 2024 - DayTrading.com
  • Best Forex Broker 2023 - DayTrading.com
  • Best Cryptocurrency Broker 2023 - DayTrading.com
  • Best MT4/MT5 Broker 2022 - DayTrading.com
  • Best Customer Service Broker 2021 - Global Brands Magazine
  • Best Global Forex MT4 Broker 2020 - Global Forex Awards
FCA Regulated
Yes No

List of FCA Regulated Brokers

Instruments
CFDs, Forex, Stocks, Indices, Commodities Forex, Indices, Metals, Single Stocks, Cryptos, Commodities
Demo Account
Yes Yes
Minimum Deposit
$100 $200
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, FCA, xCySEC, SCB VFSC
Mobile Apps
iOS & Android Yes
Trading App

Eightcap supports the MT4, MT5 and TradingView apps, catering to mobile traders looking for advanced charting tools. While we don’t love the increasingly outdated design of the MetaTrader suite, its dozens of technical indicators and drawing tools, multiple charting styles, and straightforward overlays in horizontal mode are excellent. The push notifications and active social network on the TradingView app are also valuable additions for aspiring traders and Eightcap has published helpful videos on connecting TradingView accounts to iOS and Android devices.
iOS App Rating
rating empty
rating full
4.8
rating empty
Android App Rating
rating empty
rating full
4.4
rating empty
Margin Trading
Yes No
MetaTrader 4
No Yes
MetaTrader 5
Yes No
cTrader
No Yes
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No Yes
ECN Account
Yes No
DMA Account
No No
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
TradingView Bots Yes
Copy Trading
No Yes
Social Trading
Yes Yes
Trade Signals
Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • SGD
Commodities
  • Gold
  • Silver
  • Oil
  • Palladium
  • Zinc
  • Nickel
  • Platinum
  • Gold
CFD
Eightcap offers a wide range of trading options with 800+ CFDs across stocks, indices, bonds, commodities, and cryptocurrencies (depending on location), with leverage up to 1:30/1:500. It excels in its tools, notably the AI-enabled economic calendar covering 25+ countries with impact filters (high, medium, low). However, its commodities offering, particularly in softs like cotton and wheat, as well as the limited precious metal and energy assets, is its weakest area. Trade leveraged CFDs with rates up to 1:500. You can go long or short on assets from major economies, including the US, UK and Europe. The broker offers industry-leading CFD trading software.
Leverage
1:30 1:500
FTSE Spread
1.2 0.74
GBPUSD Spread<
0.1 0.906
Oil Spread
0.03 0.21
Stocks Spread
0.03 (Apple Inc) N/A
Forex
Eightcap offers 50+ currency pairs in line with the industry average but trailing category leaders like CMC Markets with its 300+ currency pairs. However, Eightcap stands out with institutional-level spreads from 0.0 pips on major pairs like the EUR/USD, alongside low $3.50/side commissions. The broker also offers rich forex data to inform trading decisions, including key fundamentals, bullish/bearish indicators and a calendar that tracks key events in the foreign exchange market. FXPIG offers 80+ currency pairs via MT4, MT5, cTrader or FIX API. Clients can benefit from 100% STP execution and high leverage up to 1:500. Trade with raw spreads from 0 pips, with commissions as low as $2 per lot, per side.
Assets
50+ 80+
GBPUSD Spread
0.1 0.906
EURUSD Spread
0.0 0.243
EURGBP Spread
0.1 0.6
Currency Indices
  • USD
Eightcap FXPIG
Review
Review
More Comparisons
Eightcap
vs

 FXPIG
vs