A side by side comparison of Eightcap and OANDA on regulation, spreads, platforms, minimum deposit and our independent scores, so you can pick the right broker for how you trade.
Overall, OANDA scores higher in our review (79 vs 78 out of 100). Eightcap has the tighter typical EUR/USD spread, which suits scalpers and high-frequency traders. OANDA has the lower minimum deposit, so it is easier to start with. Both are regulated by recognised authorities.
| Eightcap | OANDA | |
|---|---|---|
| MSP Score | 78/100 (B) | 79/100 (B) |
| Reputation score | 80/100 | 80/100 |
| Regulation | ASIC, FCA, CySEC | NFA/CFTC, FCA, ASIC |
| Founded | 2009 | 1996 |
| Headquarters | Melbourne, Australia | New York, USA |
| Platforms | MT4, MT5, TradingView, TradeLocker | OANDA Trade (fxTrade), MT4, MT5, TradingView |
| MetaTrader 5 (MSP-ready) | Yes | Yes |
| Minimum deposit | $100 | $0 |
| Typical EUR/USD spread | 0.1 pips | 0.9 pips |
| Execution | No dealing desk (STP) | No dealing desk |
| Products | CFD | CFD |
| Min deposit currency funding | Card, Bank transfer, PayPal | Card, Bank transfer, PayPal |
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Start free trialFor the complete breakdown of each broker, including reputation and regulator notes, read our Eightcap review and our OANDA review. You can also visit Eightcap or OANDA directly.
OANDA scores higher overall in our review (79/100 vs 78/100), but the better choice depends on what you value. Eightcap has tighter spreads. OANDA has a lower minimum deposit. Compare the full table above to pick the right one for you.
Eightcap has the tighter typical EUR/USD spread of the two, though final costs depend on your account type and any commission. Check current spreads on each broker's site.
Yes, both offer MetaTrader 5, so MSP runs on either.
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