FM
FP Markets
3.8 / 5Score: 2 / 3
A two-decade-old Australian broker offering the widest platform choice and lowest commissions in this matchup.
- Min deposit
- $100
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC, CySEC
Reviewed by Experts Updated 8/21/2026
FP Markets vs Eightcap: Which Broker Wins in 2026?
FP Markets and Eightcap are both established ASIC-regulated brokers with tight spreads, but they differ notably in platform variety and regulatory footprint. Our research gives FP Markets the edge overall, though Eightcap remains competitive for traders who prioritize multi-jurisdictional oversight.
E
Eightcap
3.6 / 5Score: 1 / 3
A multi-regulated broker spanning ASIC, FCA, and CySEC for traders who prioritize jurisdictional oversight above all else.
- Min deposit
- $100
- Max leverage
- 1:500
- Spread from
- 0 pips
- Regulators
- ASIC, FCA, CySEC
Overall Winner
FP Markets
Best for Beginners
FP Markets
Lowest Fees
FP Markets
Top Regulation
Eightcap
Side-by-side comparison
Core features compared head-to-head.
| Feature | FM FP Markets | E Eightcap |
|---|---|---|
| Overview | ||
| Rating | 3.8 / 5 | 3.6 / 5 |
| Founded | 2005 | 2009 |
| Headquarters | Sydney, Australia | Melbourne, Australia |
| Regulation | ASIC, CySEC | ASIC, FCA, CySEC |
| Fees & Limits | ||
| Min Deposit | $100 | $100 |
| Spreads From | 0 pips | 0 pips |
| Commission | $3/lot | $3.5/lot |
| Max Leverage | 1:500 | 1:500 |
| Platforms & Markets | ||
| Trading Platforms | MT4, MT5, TradingView, Proprietary Mobile | MT4, MT5 |
| Markets Offered | Forex, Cfd, Stocks, Indices, Commodities, Crypto | Forex, Cfd, Crypto, Indices, Commodities |
Trading & non-trading fees
Min Deposit
FP Markets
$100
Eightcap
$100
Spreads From
FP Markets
0 pips
Eightcap
0 pips
Commission
FP Markets
$3/lot
Eightcap
$3.5/lot
Deposit Fees
FP Markets
None
Eightcap
None
Withdrawal Fees
FP Markets
None
Eightcap
None
Pros & cons
FM
FP Markets
Pros
- Higher overall rating on our independent scoring at 3.8/5
- Broader selection of six tradable market types
- Longer operating history since 2005, building institutional trust
- Four supported trading platforms including TradingView
- Lower commission structure at $3 per lot versus competitors
- No fees on deposits or withdrawals
- Competitive 1:500 maximum leverage for qualifying traders
Cons
- Fewer regulatory licences than Eightcap (two versus three)
- No FCA-level oversight, which some UK-based traders may prefer
- Commission-based raw accounts may not suit fee-averse beginners
- Proprietary mobile app is newer and less battle-tested than MT4/MT5
E
Eightcap
Pros
- Widest regulatory footprint with three licences
- FCA oversight adds a strong layer of trader protection
- Consistent MT4/MT5 experience trusted industry-wide
- No hidden deposit or withdrawal charges
- Solid 1:500 leverage ceiling for eligible accounts
- Established Australian headquarters since 2009
Cons
- Lower overall rating on our independent scoring at 3.6/5
- Slightly higher commission at $3.5 per lot
- No TradingView or proprietary mobile platform option
- Narrower market range with no dedicated stock CFDs listed
- Fewer total platform choices compared to FP Markets
Our expert verdict
Editor's verdict
Overall winner FP Markets
Lowest fees FP Markets
Best regulation Eightcap
Better for beginners FP Markets
FP Markets earns our top recommendation in this matchup, scoring 3.8/5 versus Eightcap's 3.6/5 on our independent rating scale. The win comes down to a broader platform suite (including TradingView and a proprietary mobile app), a wider range of tradable markets, and a longer operating history dating back to 2005. Eightcap counters with a slightly wider regulatory footprint thanks to its FCA licence, making it a credible alternative for traders who weight regulatory breadth heavily, but for most retail traders FP Markets delivers the stronger all-round package.
Regulation & Safety
FP Markets operates under licences from ASIC (Australia) and CySEC (Cyprus), giving traders two well-recognized regulatory frameworks to fall back on. Both regulators enforce segregated client funds, negative balance protection in relevant jurisdictions, and regular financial audits.
Eightcap extends its coverage slightly further with a three-way regulatory spread across ASIC, FCA, and CySEC. The addition of the UK's FCA is meaningful, as it's widely regarded as one of the strictest financial watchdogs globally, appealing to traders who want extra jurisdictional diversity.
For traders whose primary concern is regulatory breadth, Eightcap has a measurable advantage with three licences versus FP Markets' two. That said, both brokers are headquartered in Australia and subject to ASIC's strict capital adequacy and client money rules, so baseline safety is comparable.
Fees, Spreads & Commissions
Both brokers advertise spreads starting from 0 pips, putting them on equal footing at the headline level for tight-spread account types. The real differentiator emerges in commission structure: FP Markets charges $3 per lot on its raw spread account, while Eightcap charges a slightly higher $3.5 per lot.
Neither broker charges deposit or withdrawal fees, which is a welcome consistency for cost-conscious traders who want to avoid erosion from account funding logistics.
Over high-frequency or high-volume trading strategies, the $0.50 per lot difference in commission can compound meaningfully, giving FP Markets a modest but real cost advantage for active scalpers and algorithmic traders.
Trading Platforms & Tools
This is where FP Markets pulls ahead most decisively. Traders get access to MetaTrader 4, MetaTrader 5, TradingView integration, and a proprietary mobile app — four total platform options that cater to different trading styles and technical preferences.
Eightcap, by contrast, sticks to the industry-standard MT4 and MT5 combination. While these platforms are reliable and widely trusted, the absence of TradingView integration or a proprietary mobile alternative limits flexibility for traders who prefer modern charting interfaces or advanced social trading features.
For traders who value TradingView's charting ecosystem or want a dedicated mobile-first experience, FP Markets' broader platform suite is a clear practical advantage.
Account Requirements & Market Access
Both brokers set an identical minimum deposit of $100, removing entry-barrier as a differentiating factor between the two. Maximum leverage is also matched at 1:500 for eligible account types and jurisdictions.
Market access tilts in FP Markets' favor, with six tradable asset classes — Forex, CFDs, Stocks, Indices, Commodities, and Crypto — compared to Eightcap's five (Forex, CFDs, Crypto, Indices, Commodities). Notably, FP Markets includes direct stock CFD access, which Eightcap does not explicitly list.
For traders who want to diversify beyond forex and crypto into equities-based CFDs within a single account, FP Markets offers a more complete one-stop-shop experience.
Company History & Reputation
FP Markets was founded in 2005 and is headquartered in Sydney, Australia, giving it a two-decade operating track record through multiple market cycles. Eightcap was founded in 2009 and is based in Melbourne, Australia.
While both are seasoned Australian-founded brokers, FP Markets' additional four years of operating history may offer some traders extra confidence in longevity and institutional stability.
Our Verdict
FP Markets is our recommended pick overall, scoring 3.8/5 against Eightcap's 3.6/5. The win is driven by a broader platform lineup, lower commission costs, wider market access, and a longer track record.
Eightcap remains a strong, credible alternative — particularly for traders who prioritize regulatory breadth, since its FCA licence adds a layer of oversight FP Markets doesn't currently match.
Ultimately, both brokers are safe, low-cost, well-regulated options. Your choice should hinge on whether platform variety and market range (FP Markets) or regulatory jurisdiction count (Eightcap) matters more to your personal trading priorities.
Verdict summary
The bottom line — category winners and our final pick based on ratings.
Editor's verdict
FP Markets wins overall
FP Markets edges out Eightcap overall based on our expert rating score.
FM
Highest Rated
FP Markets
3.8 / 5 / 5
Category winners
Overall winner
Based on overall expert rating (3.8/5).
FP MarketsBetter for beginners
Stronger onboarding and educational resources.
FP MarketsLower trading costs
More competitive spreads and baseline commissions.
FP MarketsStronger regulation
Higher trust based on tier-1 regulatory oversight.
Eightcap
Frequently asked questions
According to our independent rating system, FP Markets edges out Eightcap with a score of 3.8/5 compared to 3.6/5. The advantage stems from a wider platform selection, lower commissions, and broader market access. That said, Eightcap's stronger regulatory spread makes it a worthy alternative for traders who prioritize jurisdictional oversight, so the ideal choice ultimately depends on your personal trading priorities.
Both brokers advertise spreads starting from 0 pips, but their commission structures differ slightly. FP Markets charges $3 per lot on its raw spread account, while Eightcap charges $3.5 per lot. Neither broker charges deposit or withdrawal fees, so the primary cost differentiator lies in that per-lot commission gap, which can add up for high-volume traders.
Both brokers require an identical minimum deposit of $100 to open a trading account. This makes entry-level accessibility a non-factor when comparing the two, since neither has a lower barrier to entry than the other.
Eightcap holds a broader set of regulatory licences, operating under ASIC, FCA, and CySEC oversight. FP Markets is regulated by ASIC and CySEC only. If regulatory breadth and FCA-level protection are a top priority for you, Eightcap has a slight edge in this specific category, even though FP Markets still wins on overall rating.
FP Markets supports a wider range of platforms including MT4, MT5, TradingView integration, and a proprietary mobile app. Eightcap sticks to the industry-standard MT4 and MT5 combination only. Traders who want TradingView's advanced charting tools or a dedicated mobile-first experience will find FP Markets more accommodating.
Yes, there's nothing stopping you from holding accounts at both brokers simultaneously. Many experienced traders diversify across multiple platforms to access different markets, tools, or regulatory protections depending on their strategy and risk tolerance.
FP Markets provides access to six asset classes, including Forex, CFDs, Stocks, Indices, Commodities, and Crypto. Eightcap covers five markets — Forex, CFDs, Crypto, Indices, and Commodities — but does not explicitly list dedicated stock CFD access. Traders wanting equities exposure within their forex broker account may find FP Markets more complete.
FP Markets was founded in 2005, giving it roughly two decades of operating history, while Eightcap was founded in 2009. Both are headquartered in Australia — FP Markets in Sydney and Eightcap in Melbourne — but FP Markets' longer track record may offer additional peace of mind for traders who value institutional longevity.
Both brokers offer maximum leverage of up to 1:500 for eligible account types and client jurisdictions. This means leverage availability is essentially matched between the two brokers, so your decision shouldn't hinge on this factor alone.
Risk warning: Trading CFDs and forex involves significant risk of loss and is not suitable for all investors. Please consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.