Broker comparison

IC Markets vs Eightcap

Both are Australian, both offer raw pricing at $3.50 per side on MetaTrader and both support TradingView. They differ on deposit, extra platforms and UK coverage.

Terms checked on 3 Nov 2026 against each broker's own website and legal documents
IC Markets
Eightcap
Founded
2007, Sydney
2015, Melbourne
Minimum deposit
$0 (global)
$100
Raw pricing
From 0.0 pips + $3.50 per side (MT4/MT5); $3.00 per side on cTrader
Raw from 0.0 pips + $3.50 per side
Spread-only pricing
Standard from 0.8 pips, no commission
Standard from 1.0 pips, no commission
Platforms
MT4, MT5, cTrader, TradingView (Raw Spread account)
MT4, MT5, TradingView, TradeLocker
Regulation
ASIC (AFSL 335692), CySEC (362/18), FSA Seychelles (SD018), SCB Bahamas (SIA-F214)
ASIC (AFSL 391441), FCA (FRN 921296), CySEC (246/14), SCB Bahamas (SIA-F220), FSA Seychelles (SD100)

Which to choose

IC Markets adds cTrader, with a lower $3.00 per side commission. Eightcap has a lower $100 minimum deposit, TradeLocker and an FCA-authorised UK entity.

For UK traders Eightcap is the option of the two with an FCA entity. For cTrader users, IC Markets.

Read the full IC Markets review and Eightcap review.

How we chose. These shortlists use published terms only: costs, minimum deposit, platforms and the regulator of the entity you would join. We have not ranked brokers on scores, and the order is not a recommendation for your circumstances. Read our methodology and affiliate disclosure.

CFDs and leveraged forex are complex and carry a high risk of losing money rapidly. Most retail accounts lose money. Only trade with money you can afford to lose.

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Written by the Forex Awards research desk

Guides are checked against current broker documents and regulator rules. Spotted something out of date? Tell us and we will re-check it.

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