XM vs Eightcap – Which broker is better in 2024?

The landscape of online trading is ever-evolving, with brokers continually updating their offerings to attract and retain traders. As we move into 2024, the comparison between XM and EightCap has become a topic of interest for many traders looking to find the best platform that suits their trading needs. Both brokers have established themselves as reputable players in the Forex and CFD markets, but they cater to different types of traders based on their unique features, trading conditions, and additional services. This article will dive deep into a comparison between XM and EightCap, covering various aspects including regulatory compliance, trading platforms, account types, fees, customer support, and educational resources to determine which broker stands out in 2024.

Regulatory Compliance and Security

XM: XM Group is licensed by several reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the International Financial Services Commission (IFSC) of Belize. This wide regulatory oversight ensures a high level of security and trustworthiness, providing traders with peace of mind regarding the safety of their funds.

EightCap: Similarly, EightCap is regulated by ASIC and the Vanuatu Financial Services Commission (VFSC). While ASIC's oversight is a strong indicator of reliability, VFSC's regulations are considered less stringent compared to European or Australian standards. However, EightCap maintains a strong reputation for safety and compliance.

Trading Platforms and Tools

XM: XM offers a wide range of trading platforms including the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop, web, and mobile trading. XM stands out with its additional custom tools and indicators, enhancing the MT4 and MT5 experience. These platforms support automated trading and offer advanced charting tools, market indicators, and real-time market execution.

EightCap: EightCap also provides access to MT4 and MT5, focusing on delivering a seamless trading experience across all devices. While EightCap may not offer as many proprietary tools as XM, it provides an efficient, user-friendly environment for traders who prefer the standard functionalities of these platforms without additional modifications.

Account Types and Fees

XM: XM offers a diverse range of account types, including Micro, Standard, XM Zero, and Ultra-Low accounts, catering to traders of all levels and preferences. Spreads start as low as 0.6 pips on the XM Zero account, but this account comes with a commission. The other accounts offer higher spreads but no commissions, providing flexibility in trading costs.

EightCap: EightCap offers two main account types: the Standard Account and the Raw Account. The Standard Account comes with no commission and spreads starting from 1 pip, while the Raw Account features spreads from 0 pips with a commission fee. This straightforward account structure makes it easy for traders to choose based on their trading style and cost preferences.

Customer Support and Educational Resources

XM: XM excels in customer service, offering support in over 30 languages, 24/5. Additionally, XM provides an extensive range of educational materials, including webinars, seminars, trading tools, and market research, making it an excellent choice for beginner and intermediate traders looking to expand their knowledge.

EightCap: EightCap also offers high-quality customer support and a selection of educational resources, but its offerings are more limited compared to XM. The focus is more on providing quality trading conditions and support, rather than extensive educational content.


Choosing between XM and EightCap in 2024 largely depends on the trader's specific needs and priorities. XM stands out for traders seeking a wide range of educational resources, custom trading tools, and diverse account options, making it particularly suitable for beginners to advanced traders who appreciate extra trading aids and learning opportunities. EightCap, on the other hand, may appeal more to traders who prefer a straightforward account structure with competitive conditions, especially for those focusing on using the standard MT4 and MT5 platforms without the need for additional tools.

Ultimately, both brokers offer compelling reasons to be chosen as a trading partner. Traders should consider their trading style, the importance of educational resources, platform preferences, and the trading conditions when making their decision. Regardless of the choice, both XM and EightCap offer a robust trading environment that can meet the needs of various traders in 2024.