Eightcap
OANDA
VS
Higher Rated
OANDA
Capital at risk · T&Cs apply
When comparing Eightcap and OANDA, traders will notice key distinctions in regulation, platform offerings, and trading conditions. Eightcap, regulated by ASIC and FCA, offers raw spread accounts from 0.0 pips with a maximum leverage of 1:500, appealing to experienced traders seeking competitive spreads and high leverage. In contrast, OANDA, with over two decades of experience and regulation in seven jurisdictions, is ideal for beginners and US-based traders due to its no minimum deposit requirement and proprietary trading platforms. Each broker caters to different trading preferences, making the choice highly dependent on individual trading needs and experience levels.
Eightcap
OANDA
| Eightcap | OANDA | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 4.1/5 ✓ |
| Min. Deposit | $100 | $0 ✓ |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 ✓ | 1:50 |
| Regulation | ASIC, FCA, CySEC | FCA, CFTC, ASIC ✓ |
| Platforms | MT4, MT5 | MT4, Proprietary Web, Proprietary Mobile |
OANDA is the better choice overall, scoring 4.1/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowEightcap
OANDA
WinnerEightcap
OANDA
Eightcap
3.6/5
Choose Eightcap if you want…
OANDA
4.1/5
Choose OANDA if you want…
OANDA scores higher overall on our independent rating system. Eightcap holds a 3.6/5 rating vs OANDA's 4.1/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
Eightcap offers spreads from 0 pips, while OANDA starts at 0.6 pips. Check the fees section above for a full breakdown.
Eightcap requires a minimum deposit of $100. OANDA requires $0.
Eightcap is regulated by ASIC, FCA, CySEC, while OANDA holds licences from FCA, CFTC, ASIC, MAS.
Eightcap supports MT4, MT5. OANDA supports MT4, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
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58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.