eightcap vs OpenMarkets
Independent side-by-side on safety (scam-risk, regulation, reviews) and selection (costs, products, funding, who it's best for). We charge brokers nothing.
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Safer pick eightcap leads on safety — winning 4 of 6
trust metrics (lower scam-risk, stronger regulation). Check the selection rows for the best fit.
Safety & Trust
Scam-risk scoreⓘ lower = safer
20
✓13
Verdict
Low risk
Low risk
Regulatedⓘ
Yes
Yes
Licenses
✓3
1
Tier-1 regulatorsⓘ
✓3
1
Trustpilot score
✓4.1
3.7
Reviews collected
✓3855
1
Exit riskⓘ lower = safer
Guarded
—
Known clonesⓘ
10
✓0
Regulator warnings
0
0
Cost & Accounts
Min deposit lower = easier to start
$100
—
Max leverage
—
—
Min spread (best acct)
from 0
—
Commission
$3.5
—
Cost grade
AA
—
Account types
✓3
0
Best for
Suits
Traders who value low spreads and fast execution on MT4/MT5, Experienced traders comfortable with multiple regulatory jurisdictions, Those who prioritize a wide range of instruments (800+)
Traders prioritizing ASIC regulation and a low scam risk score, Australian residents seeking a locally licensed derivatives broker
Not for
Traders who require rapid, reliable customer support, Those who are sensitive to withdrawal delays or disputes, Traders considering the Eightcap Challenge prop firm
Traders who require transparent, independently verifiable online presence and user reviews, Those needing detailed fee, platform, or instrument information before account opening
Products & Funding
Instruments
800+
—
Deposit methods
MASTER, Neteller, VISA, BTC
—
Withdrawal
Neteller, Skrill, MASTER, BTC
—
Execution
Speed
AAA
—
Slippage
AAA
—
Swap cost
A
—
Company
Founded
2017-09-07
2018-12-27
Headquarters
🇦🇺 Australia
🇦🇺 Australia
Employees
0
0
✓ = stronger value on that row · ● good · ● caution · ● weak · "—" = not yet collected. Independent scoring, never for sale.