Eightcap
XM
VS
Higher Rated
XM
Capital at risk · T&Cs apply
In the competitive landscape of online brokerage, Eightcap and XM present distinct offerings tailored to different trader needs. Eightcap, with its ASIC and FCA regulation and focus on forex, CFD, and crypto trading, appeals to experienced traders seeking low spreads and high leverage up to 1:500. In contrast, XM stands out with its very low minimum deposit of $5 and comprehensive educational resources, attracting beginner traders and those interested in a broader range of markets, including stocks. While Eightcap excels in providing raw spread accounts and crypto CFDs, XM offers a wider market range and a proprietary mobile platform, catering to diverse trading preferences.
Eightcap
XM
| Eightcap | XM | |
|---|---|---|
| BrokerRank Score | 3.6/5 | 3.9/5 ✓ |
| Min. Deposit | $100 ✓ | $5 |
| Spread from | 0 pips ✓ | 0.6 pips |
| Max Leverage | 1:500 | 1:1000 ✓ |
| Regulation | ASIC, FCA, CySEC | CySEC, ASIC, FCA |
| Platforms | MT4, MT5 | MT4, MT5, Proprietary Mobile |
XM is the better choice overall, scoring 3.9/5 vs 3.6/5 on BrokerRank's independent rating. On fees, Eightcap offers lower spreads (0 pips).
See full side-by-side comparison belowEightcap
XM
WinnerEightcap
XM
Eightcap
3.6/5
Choose Eightcap if you want…
XM
3.9/5
Choose XM if you want…
XM scores higher overall on our independent rating system. Eightcap holds a 3.6/5 rating vs XM's 3.9/5. 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 XM starts at 0.6 pips. Check the fees section above for a full breakdown.
Eightcap requires a minimum deposit of $100. XM requires $5.
Eightcap is regulated by ASIC, FCA, CySEC, while XM holds licences from CySEC, ASIC, FCA.
Eightcap supports MT4, MT5. XM supports MT4, MT5, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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BrokerRank Research — Regulation quality analysis
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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.