XM Group and Eightcap are top online brokers with excellent services. XM Group is a MetaTrader-only broker with straightforward tools and platforms. This broker has top-tier licenses from the ASIC, FCA, CySEC, and IFSC. XM offers leading educational content and market data. We recommend it for beginner investors who want to improve their trading knowledge.
Eightcap is a top online broker with a versatile portfolio and social trading tools. It has top-tier regulations from the ASIC and VFSC. We recommend it for experienced traders, as its research and education tools are limited.
|Broker Name||XM Group||Eightcap|
|Regulation||ASIC, FCA, CySEC, IFSC||FCA, ASIC|
|Tradable Assets||Forex, CFD||CFDs, Forex|
|Platforms||MT4, MT5||MT4, MT5|
|Deposit||Free of charge||$100|
|Withdrawals||Free of charge||$0|
Top findings from the XM Group vs. Eightcap review:
- XM Group offers access to secure platforms and premium educational content.
- Eightcap provides a versatile portfolio and social trading tools.
- Both brokers offer a demo account to test their offering.
XM Group is a top choice for new traders as it has many research and educational tools. We recommend Eightcap for experienced traders because of its limited educational materials.
Level of experience
XM Group offers a beginner-friendly trading experience with access to the full MetaTrader suite. It provides access to a demo account and investor trading support. XM is a good fit for new traders looking forward to accessing valuable trading knowledge.
Eightcap offers a premium trading experience with complex platforms. It has limited research tools with access to daily market data. Eightcap has limited information on forex education. We recommend it for experienced traders as its platforms are challenging to learn by beginners.
The minimum deposit fee at XM starts at $5, depending on the brokerage account you opt for. Eightcap has a minimum deposit fee of $100. Both brokers have a transparent fee structure.
XM Group offers 57 forex currency pairs, while Eightcap has 45 available pairs. XM has 1372 CFDs, while Eightcap has 76 available CFDs.
Beginner investors choose XM Group over Eightcap. XM offers the MT4 and MT5 suites, but it doesn’t have a proprietary platform. These suites are straightforward and easy to customize. This broker provides access to valuable research tools, including charting and trading signals. XM has diverse educational content, which is why we recommend it for beginners.
Eightcap offers the full MetaTrader suite with professional trading tools. It has real-time quotes in Market Watch and valuable market data. Its educational content is limited. We recommend it for professional traders.
Banking services are an essential aspect of online trading. Both brokers have as their funding options bank transfers, credit/debit cards, and Skrill.
XM Group and Eightcap are top online brokers. Both have strengths and weaknesses depending on your trading skills and knowledge. We recommend XM for beginner investors as it offers valuable learning tools. Eightcap is a better fit for professionals because of its limited research and educational tools.
XM compared to other brokers:
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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.