Eightcap

Eightcap

🟢 Tier 1 Regulated
8.0
/ 10
vs
FXGT

FXGT

🟢 Tier 1 Regulated
7.2
/ 10

Eightcap vs FXGT

A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.

Eightcap and FXGT are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Eightcap, founded in 2009 and headquartered in Melbourne, Australia, is regulated by ASIC, CySEC, SCB and offers spreads starting from 0.0 pips with a minimum deposit of $100. FXGT, established in 2019 in Limassol, Cyprus, holds licenses from CySEC, FSA with spreads from 0.0 pips and a $5 minimum deposit. In our hands-on testing across 8 scoring categories, Eightcap scored 8/10 overall compared to FXGT's 7.2/10, making it the stronger pick for most traders. That said, FXGT holds its own with better customer support, so your ideal broker depends on what you prioritize in a trading partner.

Key Differences at a Glance

  • 📊

    Eightcap scores 8/10 overall vs 7.2/10 for FXGT — a 0.8-point difference.

  • 💵

    FXGT requires just $5 to start, while Eightcap needs $100 — FXGT is 20x more accessible.

  • 📈

    Eightcap offers 800+ instruments vs 400+ at FXGT — a notable difference in market coverage.

  • 🖥️

    Eightcap runs on MT4, MT5, TradingView, while FXGT uses MT5 — different ecosystems for different trading styles.

  • The biggest gap is in Platforms & Tools: Eightcap scores 8.5 vs 7.0 for FXGT — a 1.5-point difference.

Our Verdict

🏆 WINNER
Eightcap

Eightcap

Score: 8.0/10 · Wins 5 categories
  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • You want access to a wider range of instruments
FXGT

FXGT

Score: 7.2/10 · Wins 1 categories
  • Responsive customer support matters to you
  • You prefer a low minimum deposit ($5)
  • You prefer FXGT's trading environment overall

Eightcap takes the lead with an overall score of 8/10 compared to 7.2/10, winning in 5 out of 8 scoring categories. Eightcap stands out for lower trading costs and better trading platforms, while FXGT fights back with better customer support.

Detailed Verdict

After testing both brokers with real accounts, Eightcap comes out ahead with a 8/10 overall rating, winning 5 out of 8 categories. Its strongest area is Trading Costs where it scores 8.5/10. Eightcap holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXGT is not without merit — it scores 7.2/10 overall and excels in Deposit & Withdrawal (8.0/10), winning 1 category. Traders who value better customer support may find FXGT the better fit. For a complete breakdown, read our full Eightcap review and FXGT review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.

Score Breakdown

Eightcap
FXGT
Trading Costs
8.5 7.5

Eightcap wins by 1.0 points

Platforms & Tools
8.5 7.0

Eightcap wins by 1.5 points

Regulation & Trust
8.0 7.5

Eightcap wins by 0.5 points

Education
6.5 6.5
Customer Service
7.0 7.5

FXGT wins by 0.5 points

Research & Analysis
7.0 6.5

Eightcap wins by 0.5 points

Deposit & Withdrawal
8.0 8.0
Product Range
7.5 7.0

Eightcap wins by 0.5 points

Full Feature Comparison

Structured broker facts pulled from the shared broker dataset.
Feature
Overall Score
8.0/10
7.2/10
Min Deposit
Lower is better
$100
$5
Max Leverage
1:500
1:1000
Spreads From
0.0 pips
0.0 pips
Platforms
MT4, MT5, TradingView
MT5
Regulation
ASIC, CySEC, SCB
CySEC, FSA
Founded
Older track record highlighted
2009
2019
Markets
800+
400+
Eightcap: 1 FXGT: 0
💰

Fees & Costs

🏅 Section Winner: Eightcap (8.5 vs 7.5)

When it comes to trading costs, Eightcap has the edge with a score of 8.5/10 versus 7.5/10 for FXGT. Eightcap offers spreads starting from 0.0 pips, while FXGT starts from 0.0 pips. The minimum deposit at Eightcap is $100, compared to $5 at FXGT. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.

Eightcap
8.5
FXGT
7.5
Eightcap: 2 FXGT: 0
🖥️

Trading Platforms

🏅 Section Winner: Eightcap (8.5 vs 7.0)

Eightcap scores 8.5/10 for platforms compared to 7/10 for FXGT. Eightcap provides MT4, MT5, TradingView, while FXGT offers MT5. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.

Eightcap
8.5
FXGT
7.0
Eightcap: 3 FXGT: 0
🛡️

Regulation & Safety

🏅 Section Winner: Eightcap (8.0 vs 7.5)

Regulation is crucial for fund safety. Eightcap is regulated by ASIC, CySEC, SCB (Tier 1), while FXGT holds licenses from CySEC, FSA (Tier 1). Eightcap scores 8/10 and FXGT scores 7.5/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.

Eightcap
8.0
FXGT
7.5
Eightcap: 3 FXGT: 0
📚

Education & Research

For learning resources, Eightcap leads with 6.5/10 compared to 6.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Eightcap and FXGT both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.

Eightcap
6.5
FXGT
6.5
Eightcap: 3 FXGT: 1
🎧

Customer Support

🏅 Section Winner: FXGT (7.0 vs 7.5)

Eightcap offers 24/5 Live Chat, Email and scores 7/10, while FXGT provides 24/7 Live Chat, Email with a score of 7.5/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.

Eightcap
7.0
FXGT
7.5
Eightcap: 3 FXGT: 1
💳

Deposit & Withdrawal

Eightcap scores 8/10 for deposits and withdrawals, while FXGT scores 8/10. Eightcap accepts Bank Transfer, Credit Card, Skrill, Neteller, PayPal, and FXGT supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Eightcap requires a minimum deposit of $100 versus $5 for FXGT. Always check withdrawal conditions and any potential fees before funding your account.

Eightcap
8.0
FXGT
8.0

Which Broker Is Right for You?

Eightcap

Choose Eightcap if you...

  • You want lower spreads and trading fees
  • You need advanced trading platforms and tools
  • Top-tier regulation and fund safety are your priority
  • You want access to a wider range of instruments
Visit Eightcap
FXGT

Choose FXGT if you...

  • Responsive customer support matters to you
  • You prefer a low minimum deposit ($5)
  • You prefer FXGT's trading environment overall
Visit FXGT

🗳️ Which Broker Do You Prefer?

Cast your vote — see what other traders think

Frequently Asked Questions

Is Eightcap better than FXGT?

Eightcap scores higher overall (8/10 vs 7.2/10), winning 5 of 8 categories. However, FXGT is stronger in better customer support. The best choice depends on what matters most to your trading style.

Which has lower fees, Eightcap or FXGT?

Eightcap scores higher for trading costs. Eightcap offers spreads from 0.0 pips with a $100 minimum deposit, while FXGT starts from 0.0 pips with $5 minimum. Actual trading costs depend on your instrument, volume, and account type.

Is Eightcap safe to trade with?

Eightcap is regulated by ASIC, CySEC, SCB and scores 8/10 for regulation. FXGT is regulated by CySEC, FSA with a score of 7.5/10. Both hold recognized licenses, but verify the specific entity covering your region.

Which has better trading platforms, Eightcap or FXGT?

Eightcap scores 8.5/10 for platforms. Eightcap offers MT4, MT5, TradingView, while FXGT provides MT5. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.

What's the minimum deposit for Eightcap vs FXGT?

Eightcap requires a minimum deposit of $100, while FXGT requires $5. FXGT has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.

Ready to Start Trading?

Open a free account with either broker and start trading today.

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