Broker comparison
XM vs Eightcap
XM offers a $5 minimum deposit on MT4 and MT5; Eightcap offers raw pricing with TradingView and TradeLocker from $100.
Terms checked on 3 Nov 2026 against each broker's own website and legal documents
Founded
Trading Point group, Limassol
2015, Melbourne
Minimum deposit
$5 (Standard and Ultra Low)
$100
Raw pricing
Zero account (EU entity): raw spreads + $3.50 per $100,000 per side
Raw from 0.0 pips + $3.50 per side
Spread-only pricing
"As low as 0.8 pips" per XM; not published per account
Standard from 1.0 pips, no commission
Platforms
MT4, MT5, XM App
MT4, MT5, TradingView, TradeLocker
Regulation
CySEC (120/10) for EU clients; most other clients join XM Global, regulated in Belize
ASIC (AFSL 391441), FCA (FRN 921296), CySEC (246/14), SCB Bahamas (SIA-F220), FSA Seychelles (SD100)
Maximum retail leverage
1:30 EU; up to 1:1000 at XM Global
1:30 Australia; up to 1:500 at Eightcap Global (offshore)
FCA-authorised UK company
No FCA entity listed
Yes (FRN 921296)
Which to choose
Eightcap publishes Raw pricing from 0.0 pips plus $3.50 per side and supports TradingView. XM publishes spreads "as low as 0.8 pips" and has the lower deposit.
Eightcap has an FCA-authorised UK company and an ASIC licence; XM lists neither.
Read the full XM 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 Spotted something out of date?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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