Eightcap provides traders with a competitive choice of trading solutions. Manual traders benefit from Capitalise AI, enabling automation of strategies in a code-free environment, and the MT4 plugin Amazing Trader, a charting algorithm. The core MT4/MT5 platforms fully support algorithmic trading and have integrated copy trading services.
FBS shines with its trading community of 23+ million traders from 150+ countries and 410,000+ partners. It makes it a competitive choice for copy traders, for which FBS developed its proprietary service and mobile app. The out-of-the-box MT4/MT5 platforms are also available, and FBS maintains lucrative bonuses and promotions.
We have conducted an in-depth review of Eightcap and FBS to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- FBS versus Eightcap - Verdict
Features and Platforms
Australia Belize ASIC, CySEC, FCA, SCB ASIC, CySEC, FSC Belize 2009 2009 ECN/STP, Market Maker ECN/STP $100 $5 MetaTrader 4, MetaTrader 5, Trading View Other, MetaTrader 4, MetaTrader 5+ 1.0 pips $11.00 1.2 pips $14.00 $0.03 $0.05 $0.12 $0.31 N/A 69.21% N/A Not applicable N/A 0.7 pips $7.00 per Round Lot Commission-free Visit Website Visit Website
Noteworthy:
Quality education and research exist at both Eightcap and FBS. The latter requires a minimum deposit of $1,000 for competitive trading conditions, while the latter provides MAM accounts for account managers.
Available Markets
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Forex traders get a below-average choice of currency pairs at Eightcap with 40+ and FBS with 37, but the overall asset selection at Eightcap, where traders get 800+ trading instruments, trumps FBS. It includes 122 cryptocurrency CFDs, making Eightcap a leader in this category, while FBS offers beginners an introduction to multi-asset trading.
Typical Spreads and Fees
1.0 pips $11.00 1.2 pips $14.00 $0.03 $0.05 $0.12 $0.31 $12 $20.00 N/A Not applicable N/A 0.7 pips $7.00 per Round Lot Commission-free N/A No N/A Visit Website Visit Website
FBS maintains an edge with its commission-based Forex cost structure. The minimum fee of -0.1 pips negative spread comes with a $6.00 commission for final costs of $5.00. Traders at Eightcap pay a minimum of $7.00, consisting of a $7.00 commission and raw spreads of 0.0 pips.
Security and Trust
Australia, The Bahamas, Cyprus, United Kingdom Australia, Belize, Cyprus ASIC, CySEC, FCA, SCB ASIC, CySEC, FSC Belize 391441, 40377, 246/14, 921296 000102/6, 331/17, 426359 N/A 4, 1, 1 Visit Website Visit Website
From a security and trust perspective, both brokers have an excellent environment. Segregation of client deposits and negative balance protection applies at Eightcap and FBS, while the latter offers an investor compensation fund for its CySEC subsidiary. Both have a clean regulatory track record spanning over a decade.
Eightcap vs FBS – Verdict
Eightcap
Pros | Cons |
|---|---|
| Innovative trading tools focused on algorithmic trading | Below-average Forex selection |
| Balanced asset selection and leading cryptocurrency broker | |
| Competitive commission-based cost structure and deep liquidity | |
| Quality educational content and research for beginner traders |
FBS
Pros | Cons |
|---|---|
| Low Forex trading costs from $5.00 per 1.0 standard lot | Limited overall asset selection |
| Competitive choice of cryptocurrencies | |
| Proprietary copy trading service and one of the largest trading communities | |
| Low minimum deposit of $1 with maximum leverage of 1:3000 |
FBS shines with its trading community, proprietary social trading services, and low trading costs. While FBS provides beginners with an introduction to multi-asset trading, it fails to provide in-depth services for each sector. Eightcap remains the overall more competitive broker with an excellent choice of trading solutions for algorithmic and cryptocurrency traders. A balanced asset selection, including a leading cryptocurrency CFD choice and deep liquidity, add to its attractive offer.
You might also be interested in reviewing the below broker comparisons:
- FBS vs FXTM
- FBS vs HotForex
- FBS vs LiteForex
- Eightcap vs eToro
- Eightcap vs Markets.com
- Eightcap vs Alpari
FAQs
Is FBS a good Forex broker?
FBS offers Forex traders a competitive cost structure but a below-average choice of currency pairs. Given its excellent order execution and active trading community, FBS is a good Forex broker.
Is FBS a good broker in South Africa?
South African traders get a competitive offer at FBS.
Is FBS regulated in Malaysia?
FBS is unregulated in Malaysia but accepts Malaysian traders from its Belize subsidiary.
Is FBS regulated in Kenya?
FBS caters to Kenyan traders from its Belize subsidiary but does not have a local presence regulated by the Kenyan regulator.
Is Eightcap a market maker?
Eightcap is a market maker/ECN hybrid, offering one account type with each model.
Is Eightcap available in Nigeria?
Eightcap accepts Nigerian traders.