FP Markets vs Eightcap: The Ultimate 2026 Comparison
FP Markets and Eightcap are both ASIC-regulated, low-cost brokers with raw-spread accounts. FP Markets stands out for a huge 10,000+ instrument range and DMA share trading; Eightcap adds an FCA licence and strong crypto-CFD coverage. Here is how they stack up in 2026.
FP Markets
Eightcap
FP Markets vs Eightcap: 2026 at a glance
| Feature | FP Markets | Eightcap |
|---|---|---|
| Founded / HQ | 2005 / Sydney | 2009 / Melbourne |
| Regulation | ASIC, CySEC, FSCA, FSA Seychelles, FSC Mauritius | ASIC, FCA, CySEC, SCB Bahamas, FSA Seychelles |
| Min deposit | $100 | $100 |
| EUR/USD spread | ~1.0 pip (Std) / ~0.0-0.2 (Raw) | from 1.0 pip (Std) / from 0.0 (Raw) |
| Commission (raw) | $6 round turn | $7 round turn |
| Max leverage | Up to 1:500; 1:30 ASIC/CySEC | Up to 1:500; 1:30 ASIC/FCA/CySEC |
| Platforms | MT4, MT5, cTrader, TradingView, IRESS | MT4, MT5, TradingView, TradeLocker |
| Instruments | 10,000+ (incl. IRESS DMA shares) | 800+ |
| Copy trading | Social hub (cTrader Copy, PAMM, Myfxbook) | Eightcap Copy app (Pelican) |
| Trustpilot | ~4.8/5 (~10,000) | ~4.1-4.3/5 (~3,800) |
| Best for | Low cost & huge instrument range | Crypto CFDs & TradingView |
FP Markets: low cost and a huge instrument range
FP Markets pairs a low-cost Raw account (EUR/USD from 0.0 to 0.2 pips at a $6 round-turn commission) with one of the widest product ranges in the industry: over 10,000 instruments, including direct-market-access share trading through the IRESS platform. It runs MT4, MT5, cTrader and TradingView, under ASIC, CySEC and FSCA regulation.
Its social hub covers cTrader Copy, Signal Start, MAM/PAMM and Myfxbook. Retail leverage is capped at 1:30 under ASIC/CySEC, rising to 1:500 on offshore entities. Some users report friction with the withdrawal process, and the Saint Vincent entity is unregulated.
Pros
- Low Raw commission of $6 round turn
- Massive 10,000+ instrument range
- IRESS DMA share trading plus MT4/MT5/cTrader/TradingView
- Strong 4.8/5 Trustpilot and 40+ industry awards
Cons
- ASIC/CySEC retail leverage capped at 1:30
- Standard-account spreads (~1 pip) are unremarkable
- Some withdrawal-process complaints in reviews
- Saint Vincent entity is unregulated
Best for: Cost-conscious active and scalping traders, and DMA share traders wanting ASIC regulation with a huge instrument range.
Visit FP Markets →Eightcap: FCA regulation and crypto-CFD focus
Eightcap offers Raw spreads from 0.0 pips for a $7 round-turn commission and a Standard account from 1.0 pip, across 800+ instruments with a strong crypto-CFD selection. Its multi-tier regulation includes ASIC, FCA and CySEC, plus offshore SCB Bahamas and FSA Seychelles entities.
Platforms cover MT4, MT5, native TradingView and TradeLocker. Rather than a proprietary copy tool, Eightcap uses a Pelican-powered copy-trading app. It is a good fit for crypto-CFD and TradingView-native traders who want top-tier regulation at a low cost.
Pros
- Multi-tier regulation including FCA (UK)
- Native TradingView plus TradeLocker
- Strong crypto-CFD range
- Low $100 minimum deposit
Cons
- No proprietary in-house copy-trading platform
- Standard spreads from 1.0 pip only average
- Smaller 800+ instrument set than FP Markets
- Retail leverage capped at 1:30 under ASIC/FCA/CySEC
Best for: Crypto-CFD and TradingView-native traders who want multi-tier regulation at a low entry cost.
Visit Eightcap →Head-to-head: the key differences
Two low-cost ASIC brokers with different strengths. Here is what separates them.
Cost
FP Markets Raw commission ($6 round turn) is lower than Eightcap ($7), and both start EUR/USD from 0.0 pips. For pure trading cost, FP Markets has a slight edge.
Instrument range
FP Markets is in another league on range: 10,000+ instruments including IRESS DMA share trading, versus about 800+ at Eightcap. Eightcap focuses on a tighter set with strong crypto-CFD coverage.
Platforms
Both offer MT4, MT5 and TradingView. FP Markets adds cTrader and IRESS; Eightcap adds TradeLocker. Pick based on the platform you prefer to trade on.
Regulation
Eightcap holds an FCA (UK) licence in addition to ASIC and CySEC; FP Markets adds FSCA (South Africa) but no FCA. UK-focused traders may prefer Eightcap.
Final verdict
Choose FP Markets for the lowest raw commission, a massive 10,000+ instrument range and DMA share trading via IRESS. Choose Eightcap if you want an FCA-licensed option, native TradingView and strong crypto-CFD coverage in a simpler lineup.
Both cap retail leverage at 1:30 under their top-tier entities, so factor that into your strategy if you trade from the EU, UK or Australia.
Frequently asked questions
Is FP Markets or Eightcap cheaper?
Both have a $100 minimum. FP Markets Raw commission is about $6 round turn versus roughly $7 at Eightcap, making FP Markets marginally cheaper for active traders.
Which has more instruments?
FP Markets, by a wide margin: over 10,000 instruments including IRESS DMA shares, versus about 800+ at Eightcap.
Is FP Markets or Eightcap better regulated?
Both hold ASIC and CySEC licences. Eightcap additionally holds an FCA (UK) licence, while FP Markets adds FSCA (South Africa). UK traders may prefer the Eightcap FCA entity.
What platforms do they support?
FP Markets offers MT4, MT5, cTrader, TradingView and IRESS. Eightcap offers MT4, MT5, TradingView and TradeLocker.
Which is better for crypto CFDs?
Eightcap is known for a strong crypto-CFD range with native TradingView integration, making it the stronger pick for crypto-CFD traders.