Eightcap vs Oanda 2026: which is better?
We compared Eightcap and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- Eightcap offers a swap-free Islamic account; Oanda does not.
- Oanda holds 7 licences from strong regulators, against 2 for Eightcap.
- The minimum deposit at Oanda is $0, against $100 at Eightcap.
- Oanda offers copy trading; Eightcap does not.
- Oanda offers Web Trader, Mobile App, which Eightcap does not.
Comparison table
| Comparison table |
Eightcap
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, ASIC, CySEC, FSA, SCB, FSC (MU) | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | $100 | $0 Best |
| Maximum leverage | 1:500 | 1:888 |
| Trading platforms | MetaTrader 4, MetaTrader 5, TradingView | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Crypto, Commodities & gold, Indices | Forex, Stocks, Crypto, Commodities & gold, Indices |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | 2015 | 1996 |
| Headquarters | Melbourne, Australia | — |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose Eightcap if you
- need a swap-free Islamic account
Choose Oanda if you
- want more licences from strong regulators
- want to start with less money
- want to copy other traders
- use Web Trader, Mobile App
Frequently asked questions
Which is better, Eightcap or Oanda?
We compared Eightcap and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. Eightcap offers a swap-free Islamic account; Oanda does not. Oanda holds 7 licences from strong regulators, against 2 for Eightcap. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are Eightcap and Oanda regulated?
Eightcap licences: FCA, CySEC, ASIC, FSA, SCB, FSC (MU). Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at Eightcap and Oanda?
Eightcap: $100. Oanda: $0.
Do Eightcap and Oanda offer an Islamic account?
Eightcap: Yes. Oanda: No.