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

Features & PlatformsEightcap (visit site)FBS (visit site)
Headquarter:AustraliaBelize
Established :
20092009
Retail Loss Rate:
Undisclosed75.20%
Regulation:
Minimum Deposit:
$100$1
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Third-PartyYes+Third-Party
Withdrawal Fee
Third-PartyYes+Third-Party
Funding Methods:
136
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Cutting-edge trading tools Large trading community
Unique Feature Two:
Competitive cost structureCent accounts for beginners
Broker Offers:
See what Eightcap offersSee what FBS offers

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

Available MarketsEightcapFBS
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:5001:3000
Maximum Pro Leverage:
1:5001:3000

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

Typical Spreads & FeesEightcapFBS
Minimum Raw Spreads:
0.0 pips-0.1 pips
Minimum Standard Spreads:
1.0 pips0.5 pips
Minimum Commission for Forex:
$7.00 per round lot$6.00 per round lot
Commission for CFDs/DMA:
Commission-freeCommission-free
Commission Rebates:
NoNo
Execution Type:
Market Maker/ECN HybridMarket Maker/ECN Hybrid

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

Eightcap

Country of the RegulatorName of the RegulatorLicense Number
Australia
Australian Securities & Investments Commission391441
Bahamas
Securities Commission of The BahamasSIA-F220

FBS

Country of the RegulatorName of the RegulatorLicense Number
Belize
International Financial Services Commission000102/198
Cyprus
Cyprus Securities and Exchange Commission331/17

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

ProsCons
Innovative trading tools focused on algorithmic tradingBelow-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

ProsCons
Low Forex trading costs from $5.00 per 1.0 standard lotLimited 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.

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Read full FBS Review

FAQs

Is FBS a good Forex broker?

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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?

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South African traders get a competitive offer at FBS.

Is FBS regulated in Malaysia?

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FBS is unregulated in Malaysia but accepts Malaysian traders from its Belize subsidiary.

Is FBS regulated in Kenya?

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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?

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Eightcap is a market maker/ECN hybrid, offering one account type with each model.

Is Eightcap available in Nigeria?

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Eightcap accepts Nigerian traders.