Eightcap vs XM
Two brokers, one table. Everything below is taken from what each one publishes on its own site, last read on 2026-09-05. No scores, no ranking.
Standard and Raw accounts from $100 on TradingView, MetaTrader 4 and 5 and TradeLocker.
Standard and Ultra Low accounts from a $5 deposit, with a separate Shares account.
| Detail | Eightcap | XM |
|---|---|---|
| Regulation | Eightcap Global Limited, SCB Bahamas SIA-F220 · Eightcap International Ltd, FSA Seychelles SD100 · Eightcap International Trading, FSC Mauritius GB25204603 | XM Global Limited, FSC Belize licence 8557558 (Securities Industry Act 2021) |
| Minimum Deposit | $100 | $5 (Standard, Ultra Low) · $10,000 (Shares) |
| Spread From | Standard from 1.0 pips · Raw from 0.0 pips | — |
| Commission | Standard: none (shares excepted) · Raw: $3.50 per standard lot per side in AUD, USD, NZD, SGD or CAD; GBP 2.25; EUR 2.75 | — |
| Platforms | TradingView, MetaTrader 4, MetaTrader 5, TradeLocker | MetaTrader 4, MetaTrader 5, XM App |
| Account Types | Standard, Raw | Standard, Ultra Low, Shares |
What the figures say
- Minimum Deposit: Eightcap lists $100; XM lists $5 (Standard, Ultra Low) · $10,000 (Shares).
- Eightcap publishes its spread from (Standard from 1.0 pips · Raw from 0.0 pips); XM does not state one on the pages we read.
- Eightcap publishes its commission (Standard: none (shares excepted) · Raw: $3.50 per standard lot per side in AUD, USD, NZD, SGD or CAD; GBP 2.25; EUR 2.75); XM does not state one on the pages we read.
- Platforms: Eightcap lists TradingView, MetaTrader 4, MetaTrader 5, TradeLocker; XM lists MetaTrader 4, MetaTrader 5, XM App.
- Account Types: Eightcap lists Standard, Raw; XM lists Standard, Ultra Low, Shares.
- Eightcap also lists Crypto, Shares.
- XM also lists Stocks.
A figure marked “—” is one that broker does not publish on the pages we could read; it is not a zero. Terms differ by country and change often, so confirm on each site before opening an account.
Eightcap: why traders choose it
- 800+ CFD instruments across forex, crypto, shares, commodities and indices
- Raw account: spreads from 0.0 pips and $3.50 per standard lot per side
- Standard account: spreads from 1.0 pips with no commission except on shares
- Scalping permitted on both accounts; trade sizes from 0.01 to 100 lots
- Margin call at 80% and stop-out at 50%
- Seven base currencies: AUD, CAD, EUR, GBP, NZD, SGD, USD
XM: why traders choose it
- Standard and Ultra Low accounts open from $5
- Ultra Low is the account XM points high-volume traders to, for lower spreads and swaps
- A separate Shares account for buying stock, from $10,000
- Bonuses on the Standard account, described by XM as boosting trading power
- Copy trading, trading competitions and a loyalty club run alongside the accounts
Eightcap pros
- TradingView and TradeLocker alongside both MetaTrader versions
- The commission is stated per currency, so there is no conversion surprise
- A 50% stop-out leaves more margin than the 20% common offshore
Eightcap cons
- Leverage is not stated on the account page; it depends on the entity
- The international entities are in the Bahamas, Seychelles and Mauritius; Australian clients are served by a separate company
- Two account types only, with no cent or swap-free variant listed
XM pros
- One of the lowest entry points anywhere at $5
- The Ultra Low account gives a cheaper option without a commission model to learn
- MetaTrader 4 and 5 plus their own app, so nothing unfamiliar
XM cons
- The global site is the Belize entity; XM's European and Australian entities have different leverage caps and protections
- Spreads and leverage figures were not on the accounts page we read; they are in the account details after sign-up
- Bonuses come with their own terms, which are worth reading before taking one
About Eightcap
Eightcap offers a Standard account from 1.0 pips with no commission and a Raw account from 0.0 pips with $3.50 per lot per side, both from a $100 minimum, on TradingView, MetaTrader 4 and 5 and TradeLocker. The international entities are regulated in the Bahamas, Seychelles and Mauritius.
About XM
XM offers three accounts on its global site: Standard and Ultra Low, both from a $5 minimum, and a Shares account from $10,000. The global entity, XM Global Limited, is licensed by the Financial Services Commission of Belize.
More comparisons
How this page is put together. Both columns use the same fields as the individual reviews, read from each broker's own site. Some links are affiliate links, which may earn Cubie FX a commission at no extra cost to you. Placement is not for sale and nothing here is ranked.