Oanda vs Eightcap : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Oanda

Eightcap

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

ECN

Years of Existence / Established Year

1996

2009

Customer Base / Number of Accounts

50M

80,000 +

Regulation & Security

Regulations (governing bodies)

CFTC / NFA FCA MAS CIRO ASIC FSA FSC in the BVI

SCB ASIC CySEC FCA

Awards Won (count for the last 2 years)

Broker of the year by TradingView Awards 2023 Most popular broker 3 years in a row in TradingView Awards 2020, 2021, 2022

Best Broker in Australia in 2024 by FXEmpire Best Forex Brokers 2024 Best Crypto CFD Trading Broker by FXEmpire 2024 Top CFD Broker by FXEmpire 2024

Security Measures

SIPC

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Yes (only to retail clients. Not for professional traders)

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

68+ major currency pairs

800+ CFD markets

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Oanda Mobile and Tablet apps

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Standard account Corporate account Professional trading account

Standard account Raw account TradingView account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$100

Leverage Available

50:1

1:30

Trade Limit (maximum per trade)

Varies by instrument

Maximum 100 lots

Commission (per account type)

Standard - $50/M Premium - $50/M Premium Plus - $40/M

Standard - $0 TradingView - $0 Raw - Each side: 3.5 AUD, USD, NZD, SGD, CAD | 2.25 GBP | 2.75 EUR per standard lot traded

Best Suited For (e.g., beginners, experienced traders)

Only experienced

Beginners & experienced

Deposit & Withdrawal Options

Deposit Methods

Bank Wire Transfer ACH Debit card

Wire Transfer Credit/debit cards UnionPay Bitcoin Ewallets

Withdrawal Methods

Debit card Bank Wire transfer

Wire Transfer Ewallets Bitcoin

Other E-Wallets Supported

Skrill Neteller Fasapay Dragonpay

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Technical Analysis Premium MetaTrader Tools MT5 comes with inbuilt signal alerts, using latest NLP technology Spreads calculators

Capitalise.ai AI-powered Economic calendar Eightcap labs Trade Zone Events & Webinars Flash trader

Fees & Commissions

Trading-Related Fees

Spread starts from 0.0, commission- $30 per 1M

Spread- starts from 0.0 pips

Spread (typical, fixed, variable)

Typical

Variable

Per Lot Fees

$3.50 per lot per side

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

50:1

1:30

Non-Trading Fees

Dormant Fees

10 units of the currency for inactivity atleast 12 months.

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Vary on instruments and change on a daily basis

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

Deposit Fee

Currency Conversion Fee

0.50%

Withdrawal Fee

USD - First withdrawal fee in a calendar month Bank transfer / wire transfer - $20 Debit card - no feeUSD - additional withdrawals in a calendar month Bank transfer / wire transfer - fee + $15 Debit card - $15ACH - No fee

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

All FX products - Sunday 17:05 - Friday 16:59 Cryptocurrency - 24/7

Crypto - Monday-Sunday (00:00 - 23:59) Forex - 10PM to 7AM Commodities - Monday-Friday (03:00 - 24:00) Stocks US - 9:30am to 4pm

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24x5

Customer Support Methods (phone, email, live chat)

Email: mailto:[email protected] Monday to Friday - 8:00 to 20:00 CET Poland (+48)799366830 Malta (+356)20345018 Spain (+34)910479707 France (+33)182884361 Germany (+49)6995019607

E mail: mailto:[email protected] Call / Chat: +61 3 8592 2375

Support Languages

13+

Additional Information

Headquarters Location

Dashwood House 64, Old Broad Street London EC2M 1QS

Aiolou & Panagioti Diomidous 9, Katholiki, 3020, Limassol, Cyprus.

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Oanda stands out for its zero-commission trading model, appealing to cost-conscious investors. In contrast, Eightcap offers more comprehensive services with slightly higher fees, especially for advanced tools and asset classes.

Account approval at Oanda is usually completed within hours, often with automated ID checks. Eightcap might take longer due to manual reviews, but provides in-depth onboarding support along the way.

Oanda provides a modern trading experience with its proprietary or MT4 platform, ideal for technical traders. Eightcap , on the other hand, offers more research tools and is better suited for data-driven investors.

Oanda delivers a robust ecosystem for seasoned traders, whereas Eightcap focuses on ease of access and modern usability.

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