In this review, we see that OANDA offers top educational tools and a $0 deposit, while Eightcap shines with diverse funding options. Through our team’s in-depth research, OANDA wins overall.
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Our full comparison covers the 10 most important trading factors. Here are the noticeable differences between Eightcap and OANDA:
OANDA and Eightcap are reputable forex brokers in the industry offering distinct features and platforms. OANDA is for its competitive spreads and user-friendly tools, while Eightcap excels with advanced trading platforms and tight spreads. Both brokers cater to diverse trading needs, this provides traders with opportunities to navigate the forex market effectively.
OANDA offers slightly lower average spreads compared to Eightap, with EUR/USD spreads starting at 0.92 pips for standard accounts, while Eightcap averages 1.0 pips. Eightcap provides spreads as low as 0.06 pips for EUR/USD, showcasing its competitiveness in RAW spread offerings.
| Standard Account | Eightcap Spreads | OANDA Spreads | Industry Spreads |
|---|---|---|---|
| Overall Average | 1.16 | 1.2 | 1.6 |
| EUR/USD | 1 | 0.92 | 1.2 |
| USD/JPY | 1.2 | 1.2 | 1.4 |
| GBP/USD | 1.2 | 0.9 | 1.6 |
| AUD/USD | 1.2 | 1.1 | 1.5 |
| USD/CAD | 1.2 | 1.5 | 1.8 |
| EUR/GBP | 1.1 | 1.16 | 1.5 |
| EUR/JPY | 1.2 | 1.5 | 1.9 |
| AUD/JPY | 1.2 | 1.3 | 2.1 |
Standard Account Analysis Updated April 2025[1]April 2025 Published And Tested Data
Commission-based trading is essential for traders looking for transparency in costs. Eightcap charges a $3.50 commission per side for RAW accounts, a total of $7 per round-turn for 100,000 units. OANDA primarily incorporates costs into spreads, eliminating separate commission fees, which can simplify cost calculations for traders.
Standard accounts are ideal for traders preferring spread-only pricing. OANDA’s standard account spreads are slightly lower, with EUR/USD averaging 0.92 pips, compared to Eightcap’s 1.0 pips. Additionally, OANDA requires no minimum deposit, making it accessible for new traders, while Eightcap’s minimum deposit ranges from $100 to $500, depending on the account type.
|
Standard Account Spreads
|
|||||
|---|---|---|---|---|---|
|
1.00 | 1.20 | 1.00 | 1.00 | 1.10 |
|
0.60 | 0.70 | 0.80 | 0.90 | 0.60 |
|
1.13 | 1.01 | 1.71 | 1.66 | 1.12 |
|
1.20 | 0.90 | 1.50 | 1.80 | 1.80 |
|
1.20 | 1.40 | 1.50 | 1.60 | 1.50 |
|
1.10 | 1.20 | 1.30 | 1.30 | 1.30 |
|
1.20 | 1.80 | 1.90 | 1.90 | 1.60 |
|
1.32 | 1.95 | 1.37 | 1.70 | 1.40 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 04/01/2025
Our assessment surmises that OANDA and Eightcap offer competitive trading environments tailored to different trader preferences. OANDA’s lower spreads and no minimum deposit appeal to cost-conscious traders, while Eightcap’s tight RAW spreads and advanced platforms cater to professionals. Together, they provide strong and resilient options for navigating the dynamic forex market.
Our Lowest Spreads and Fees Verdict
Eightcap takes the cake in this category due to its lowest spreads and fees.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
In this portion, we will discuss better trading platforms being offered by both brokers. OANDA and Eightcap are two esteemed forex brokers offering traders access to versatile platforms and features. While OANDA emphasises proprietary tools and mobile accessibility, Eightcap focuses on the MetaTrader suite, which provides advanced charting, automation capabilities and integration with TradingView, this helps traders navigate the market efficiently with currencies like AUD, GBP, EUR, and USD.
| Trading Platform | Eightcap | OANDA |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | No |
| cTrader | No | No |
| TradingView | Yes | Yes |
| Copy Trading | Yes | Yes |
| Proprietary Platform | No | Yes |
We have created a software questionnaire if you are unsure what platform best suits your trading style. Based on six simple questions, we can recommend the best trading software for your trading needs.
MetaTrader platforms are famous for their powerful tools and user-friendly interfaces. Eightcap supports both MetaTrader 4 and 5, this offers enhanced charting, code-free algorithmic trading via Capitalise.ai, and integration with TraddingView. In contrast, OANDA provides MetaTrader 4 globally and MetaTrader in select regions, this ensures strong and resilient trading tools but with limited platform access.
OANDA distinguishes itself with its proprietary platform, OANDA Trade, which offers features like guaranteed stop-losses and MultiCharts for detailed analysis. Its mobile app, FxTrade, provides a seamless experience with real-time news and financial insights. Eightcap, meanwhile, leverages TradingView integration to deliver custom indicators and community-driven trading strategies that appeal to both novice and advanced traders.
We see here that both brokers enable copy trading, which allows traders to mirror strategies and insights from experienced investors. Eightcap’s MetaTrader platforms include signal features for automated trading, while OANDA integrates copy-trading tools within its ecosystem. These options provide traders with flexibility to explore collaborative trading, keeping pace with market trends as well as enhancing portfolio growth.
Finally, this data suggests that OANDA and Eightcap deliver their tailored trading experiences through their strong and resilient platform and tools. OANDA’s proprietary features cater to their mobile traders, while Eightcap’s advanced MetaTrader access appeals to algorithmic and community-driven strategies. Together, they can empower traders to achieve the peak of their success in the dynamic forex industry.
Our Better Trading Platform Verdict
Without a doubt, Eightcap ranks the highest in this segment owing it to their better trading platform.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
Now, let us talk about superior accounts and features from both our brokers, OANDA and Eightcap. We all know that these brokers are well known in forex trading, each catering to distinct trading preferences. OANDA excels in n0-commission trading and a broad asset range, while Eightcap offers competitive RAW accounts for high-volume traders. Both brokers contribute significantly to the forex industry, which offers tailored tools and platforms for their diverse trading needs.
OANDA and Eightcap present unique strengths. Eightcap’s RAW account is favoured for its competitive spreads, making it ideal for commission-based trading and larger volumes. With access to nearly 1000 cryptocurrencies, Eightcap appeals to crypto enthusiasts. OANDA, however, impresses with its market-maker model, offering no-commission trading and a broader range of 68 forex pairs compared to Eightcap’s 42. Additionally, OANDA provides diversified asset classes, including indices, metals, and bonds, enhancing trading opportunities for traditional investors. While both brokers lack SWAP-free accounts, OANDA allows spread betting in the UK, widening its appeal for traders in specific regions.
| Eightcap | OANDA | |
|---|---|---|
| Standard Account | Yes | Yes |
| Raw Account | Yes | Yes |
| Swap Free Account | No | No |
| Active Traders | No | No |
| Spread Betting (UK) | No | Yes |
As per our research, both OANDA and Eigthcap excel in supporting traders through tailored account types and platform features. OANDA’s expansive asset range and no-commission model attract diverse traders, while Eightcap’s RAW account and cryptocurrency offerings stand out for specialists. Their unique offerings exemplify their adaptability in the competitive forex trading landscape.
Our Superior Accounts and Features Verdict
In conjecture, OANDA claims the crown in this segment on account of their superior accounts and features.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
The following will be a discussion about both brokers’ best trading experience and ease. OANDA and Eightcap are two well-established forex brokers delivering distinct services to meet diverse trading needs. OANDA is recognised for its advanced V20 engine and swift fund withdrawals, while Eightcap appeals with its ECN account benefits and competitive spreads. Both brokers aim to simplify trading for beginners and seasoned alike.
Opening accounts with both OANDA and Eightcap is seamless, reflecting their commitment to user convenience, OANDA stands out for withdrawal efficiency, processing funds in 1-3 business days compared to Eightcap’s 2-5 days. For their execution speeds, OANDA leads with its V20 engine, which achieves a market order speed of 84ms – ranked second globally – while Eightcap averages 139ms. Eightcap’s ECN model offers lower spreads and an edge in account accessibility, gaining favour for cost-effective trading. Both brokers maintain parity in base currencies and leverage options, this ensures fairness for a global trading community.
| Limit Order Speed | Limit Order Global Rank | Market Order Speed | Market Order Global Rank | |
|---|---|---|---|---|
| Eightcap | 143ms | 19/36 | 139ms | 17/36 |
| OANDA | 86ms | 5/36 | 84ms | 2/36 |
Our finding from this review shows that OANDA and Eightcap excel in creating efficient trading ecosystems. OANDA’s swift execution and faster withdrawals attract dynamic traders, while Eightcap’s ECN status and competitive spreads appeal to cost-sensitive professionals. Together, they underscore innovation and reliability, empowering traders to navigate the forex market seamlessly
Our Best Trading Experience and Ease Verdict
Positively, Eightcap comes out ahead in this segment thanks to its best trading experience.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
This segment will provide insights into each broker’s trust and regulations. We all know that OANDA and Eightcap are two highly regarded forex brokers, each catering to diverse trading preferences and needs. While Eightcap appeals to traders in Australia with its ASIC regulation, OANDA stands out globally with Multiple Tier-1 regulatory approvals across major regions, which ensures widespread accessibility and trust in the forex trading industry.
OANDA Trust Score
Eightcap Trust Score
Clearly, it is a sure win for OANDA in this category due to its high trust score compared to Eightcap. But we need to go further than this feature and see how OANDA fares against Eightcap’s other features.
Eightcap and OANDA both offer strong and resilient regulatory compliance, but OANDA is distinguished by its global coverage, being regulated in Canada or IIROC, the USA which is NFA or CFTC, the UK, Europe, Singapore, and Japan. This broad and wide regulatory footprint makes OANDA a versatile option for traders outside Australia, where Eightcap primarily holds ASIC and FCA in UK approvals. Both brokers provide negative balance protection, which ensures a trader’s security. In addition, OANDA’s proprietary platform offers guaranteed stop-loss options, a feature that is unavailable with Eightcap. OANDA also achieves a higher trust score of 8 versus Eightcap’s 5, reflecting its strong industry reputation and regulatory strength.
| Eightcap | OANDA | |
|---|---|---|
| Tier 1 regulators* | FCA (UK) CYSEC (Cyprus) ASIC (Australia) | NFA/CFTC (USA) MAS (Singapore) CIRO (CANADA) FCA (UK) ASIC (Australia) |
| Tier 2 regulators | JFSA (Japan) KNF (Poland) MFSA (Europe) |
|
| Tier 3 regulators | SCB (Bahamas) | FSC-BVI |
| Negative Balance Protection | Yes | Yes |
| Guaranteed Stop Loss | No | With OANDA Trade |
| Trust Score | 5 | 8 |
According to our team’s findings, OANDA and Eightcap deliver secure trading environments, but OANDA’s extensive regulatory reach and added features like guaranteed stop-losses make it a superior choice for traders globally. Eightcap, however, remains a reliable option for Australian traders. Together, they represent flexibility and security in the competitive forex landscape.
Our Stronger Trust and Regulation Verdict
OANDA brings home to gold in this segment, on the account of their stronger trust and regulations.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
OANDA and Eightcap are two leading forex brokers offering traders diverse opportunities. OANDA excels with its broader range of forex pairs and financial instruments, while Eightcap impresses with its extensive cryptocurrency offerings. Both brokers provide unique features, which contribute to the forex trading preferences.
OANDA and Eightcap demonstrate strengths in specific areas. OANDA outperforms with 68 forex pairs compared to Eightcap’s 56 and offers access to indices, bonds and metals, providing a diversified trading experience. Eightcap, however, leads in cryptocurrency trading with nearly 100 crypto CFDs, far surpassing OANDA’s limited four options. In addition, Eightcap’s extensive offering of 586 share CFDs appeals to equity traders, a feature absent in OANDA. Both brokers lack ETFs and futures, but their tailored offerings ensure versatility for traders focusing on different market segments.
| CFDs | Eightcap | OANDA |
|---|---|---|
| Forex Pairs | 56 | 68 |
| Indices | 16 | 15 |
| Commodities | 8 Commodities Softs and Metals | 3 Metals (Gold x 10) (Silver x 10) 3 Energies 4 Softs |
| Cryptocurrencies | 95 Crypto | 4 |
| Share CFDs | 586 | No |
| ETFs | No | No |
| Bonds | No | 5 |
| Futures | No | No |
| Treasuries | No | 5 |
| Investments | No | No |
Taking everything into account, our dedicated team can surmise that OANDA and Eightcap bring tailored solutions to the trading community. While OanDa shines with its diverse forex pairs and traditional financial instruments, Eightcap captures attention with its cryptocurrency and shares CFD options. Together they represent adaptability and depth in the competitive forex trading industry.
Our Top Product Range and CFD Markets Verdict
Clear enough, OANDA shines in this portion owing to their top product range and CFD markets.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
Next up, we will discuss both OANDA and Eightcap’s superior educational resources. Both brokers are committed to providing educational resources that support traders of all levels. OANDA is celebrated for its beginner-focused content, while Eightcap appeals with advanced tools like TradingView integration. These brokers significantly enhance the learning experience for traders, helping them navigate the complexities of the forex market.
OANDA and Eighthcap cater to different learning preferences. Eightap integrates TradingView for advanced charting and strategy development, complemented by their webinars and diverse library of market insights. It also provides demo accounts for practical experience. OANDA, acclaimed as “Bets For Beginners,” offers an extensive suite of video tutorials, in-depth market analysis, trading courses for all skill levels, and a glossary for technical terms. Community discussion platforms further enrich the educational experience, which makes OANDA a comprehensive choice for knowledge-building in forex trading.
Here’s a comparison of the educational resources each broker offers:
As evidenced by our team’s study, we see here that both brokers excel in empowering traders through education. OANDA’s beginner-friendly approach and strong and resilient content make it ideal for newcomers, while Eightcap’s integration of advanced tools appeals to seasoned traders. Together, they demonstrate a shared commitment to enhancing trader knowledge and fostering success in the competitive forex industry.
Our Superior Educational Resources Verdict
No doubt, OANDA outperforms in this category owing to its superior educational resources.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
The following discussion highlights both OANDA and Eightcap’s superior customer service. These two brokers are not just famous but also reputable in forex trading. Each excels in key areas of customer experience. While Eightcap offers diverse funding options to ensure seamless transactions, OANDA stands out for its comprehensive educational suite. Together, these two contribute to traders’ knowledge and accessibility in the forex market.
Eightcap provides eight deposit and withdrawal methods, including credit cards, bank transfers, and e-wallets like PayPal and Skrill, this ensures a hassle-free funding process. OANDA, while more limited in funding methods, focuses on educating traders with detailed market analysis and an archive of past webinars. Eightcap emphasises trading fundamentals through articles for lack of extensive educational videos or structured learning programs. OANDA was awarded “Best FOr Beginners,” which excels with tailored content, webinars on trading strategies, and resources for capital management, which offers a broader and wider scope for learning. Both brokers maintain strong customer support with multilingual, round-the-clock availability.
Our data suggests that OANDA and Eightcap deliver value through their distinct offerings. OANDA’s emphasis on comprehensive education empowers informed trading, while Eightcap’s versatile funding methods enhance accessibility. Together they meet diverse trader needs and exemplify reliability in the forex industry.
| Feature | Eightcap | OANDA |
|---|---|---|
| Live Chat Support | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Support Hours | 24/7 | 24/5 |
| Multilingual Support | Yes | Yes |
Our Superior Customer Service Verdict
Apparently, it’s a deadlock for both Eightcap and OANDA as a result of their superior customer service.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
In this section, let us break down both broker’s better funding options. OANDA and Eightcap are prominent forex brokers offering diverse funding options to cater to varying trader needs. By providing methods such as bank transfers, credit and debit cards, and even cryptocurrency, these brokers streamline transactions to ensure our traders can manage their capital efficiently and engage in hassle-free trading.
Both brokers demonstrate flexibility in funding, with Eightcap offering a broader array of methods, including Skrill and Neteller, which are absent in OANDA’s lineup. OANDA and Eightcap share options such as credit/debit cards, bank transfers, and cryptocurrency, but Eightcap also includes POLi/bPay, which enhances its appeal. OANDA provides a solid foundation but may lack variety compared to Eightcap’s offerings. These methods ensure accessibility and quick deposits or withdrawals, aligning with modern trading demands and fostering a user-friendly experience for global traders.
The table below provides a comprehensive comparison of the funding options available with both brokers:
| Funding Option | Eightcap | OANDA |
|---|---|---|
| Credit Card | Yes | Yes |
| Debit Card | Yes | Yes |
| Bank Transfer | Yes | Yes |
| PayPal | No | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
| Crypto | Yes | Yes |
| Rapid Pay | No | No |
| POLi / bPay | Yes | Yes |
| Klarna | No | No |
This research reveals that OANDA and Eightcap empower traders through diverse funding solutions, with Eightcap holding a slight edge due to its broader range of payment options. Both brokers maintain their commitment to efficient financial processes, this ensures smooth capital management and improved trading experiences in the competitive forex industry.
Our Better Funding Options Verdict
No doubt at all, Eightcap narrowly surpasses the other in light of their better funding options.
View Eightcap ReviewVisit Eightcap
*Your capital is at risk ‘73% of retail CFD accounts lose money’
Finally, this section probes into OANDA and Eightcap’s lower minimum deposit. Both brokers are reputable forex brokers who offer diverse opportunities for traders. OANDA’s $0 minimum deposit makes it highly appealing to beginners, while Eightcap absolutely stands out with its wider and broader range of funding methods. We see that both brokers play a vital role in the industry by enabling traders to participate effectively in the global forex market.
Here, OANDA requires no minimum deposit for bank wire transfers and a modest $25 for other methods, positioning itself as a beginner-friendly broker. Eightcap, in contrast, mandates a $100 minimum deposit across all methods, this includes credit/debit cards and Skrill. OANDA’s accessible funding setup complements its educational resources, whereas Eightcap’s payment methods ensure flexibility. These distinctions highlight the brokers’ adaptability in meeting the varied needs of international traders and fostering engagement in forex markets with currencies such as GBP, USD, EUR, and AUD.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £25 Minimum Deposit | $25 Minimum Deposit | €25 Minimum Deposit | $25 |
| Bank Wire | £0 Minimum Deposit | $0 Minimum Deposit | €0 Minimum Deposit | $0 |
| Trustly | £25 Minimum Deposit | $25 Minimum Deposit | €25 Minimum Deposit | $25 |
| Paypal | N/A | N/A | N/A | N/A |
Eightcap has deposit methods to open an account, there will always be a $100 fee.
| Minimum Deposit | GBP | USD | EUR | AUD |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 | $100 | €100 | $100 |
| Bank Wire | £100 | $100 | €100 | $100 |
| Skrill | N/A | $100 | €100 | N/A |
| Neteller | N/A | $100 | €100 | N/A |
| Minimum Deposit | Recommended Deposit | |
| Eightcap | $100 | $100 |
| OANDA | $0 | $25 |
According to our team’s findings, OANDA’s beginner-friendly deposit structure contrasts with Eightcap’s wider and vast funding options, catering to diverse trader preferences. While OANDA appeals to newcomers with its no-minimum approach, Eightcap’s flexibility suits experienced traders seeking variety. Both brokers offer meaningful contributions to the evolving forex trading landscape.
Our Lower Minimum Deposit Verdict
Clearly, OANDA takes the lead in this segment on account of their lower minimum deposit.
*Your capital is at risk ‘76.6% of retail CFD accounts lose money’
OANDA , clearly, steals the show in this case because it offers a more comprehensive package in terms of accounts, features, educational resources, trust, regulation, and accessibility for traders with its $0 minimum deposit. However, the competition was close, with Eightcap excelling in several areas. The table below summarises the key information leading to this verdict:
| Categories | Eightcap | OANDA |
|---|---|---|
| Lowest Spreads And Fees | Yes | No |
| Better Trading Platform | Yes | No |
| Superior Accounts And Features | No | Yes |
| Best Trading Experience And Ease | Yes | No |
| Stronger Trust And Regulation | No | Yes |
| Top Product Range And CFD Markets | No | Yes |
| Superior Educational Resources | No | Yes |
| Superior Customer Service | Yes | Yes |
| Better Funding Options | Yes | No |
| Lower Minimum Deposit | No | Yes |
OANDA is the ideal choice for beginner traders due to its comprehensive educational resources and $0 minimum deposit requirement.
Eightcap stands out for experienced traders with its competitive spreads, fees, and superior trading platform.
Eightcap generally offers lower costs compared to OANDA. While OANDA has competitive pricing in some areas, Eightcap’s spreads are often more attractive for traders. For instance, Eightcap’s RAW account boasts tight spreads starting from 0.0 pips. For a more detailed comparison on spreads and commissions, you can visit this comprehensive list on Lowest Commission Brokers.
Both Eightcap and OANDA support MetaTrader 4, but Eightcap tends to have a slight edge due to its integration with more advanced tools and features. OANDA, on the other hand, offers a seamless MT4 experience with added plugins. If you’re keen on exploring more about the best MT4 brokers, this list of top MT4 brokers might be of interest.
Neither Eightcap nor OANDA primarily focuses on social trading. However, some brokers integrate platforms like ZuluTrade or Myfxbook for social or copy trading functionalities. If you’re interested in brokers that excel in this area, you might want to check out this detailed review on the best social trading platforms.
Neither Eightcap nor OANDA offers spread betting as a primary service. Spread betting is a unique form of trading popular in the UK and Ireland, allowing traders to bet on the direction of price movements. If you’re interested in brokers that specialise in spread betting, you might want to explore this comprehensive list of the best spread betting brokers in the UK.
In my opinion, Eightcap has an edge for Australian forex traders. Both Eightcap and OANDA are ASIC regulated, ensuring a high level of trust and security for traders. However, Eightcap was founded in Australia, giving it a deeper understanding of the local market dynamics and trader preferences. OANDA, on the other hand, is based overseas. For a broader perspective on the best brokers for Australians, you can check out this detailed review of the Best Forex Brokers In Australia.
For UK traders, I believe OANDA offers a more comprehensive package. Both brokers are FCA regulated, ensuring top-tier security and trustworthiness for UK traders. However, OANDA’s global presence and extensive experience make it a preferred choice for many in the UK. Eightcap, while offering competitive services, is not originally from the UK. For more insights on the best brokers for UK traders, you might find this list of top UK trading platforms helpful.
No commission account spread propiety testing data and published wesbite spread information, centralised on our Standard Account Spreads page.
Ask an Expert
Does OANDA have inactivity fee?
Yes, if an an account is inactive for 365 days then you will be charged a USD 10 monthly fee