Head-to-Head Comparison
Eightcap Challenges vs OANDA
Complete side-by-side comparison based on verified data from official sources. See which broker offers better trading conditions for your needs.
Eightcap Challenges
Regulated
Est. 2009
VS
Score
2:2
OANDA
FCA
Est. 1996
Quick Summary
Eightcap Challenges (established 2009) and OANDA (established 1996) are both regulated forex and CFD brokers. Both brokers offer competitive spreads. Both brokers offer similar maximum leverage of 100:1. Eightcap Challenges has a lower minimum deposit requirement of $5.
Trading Conditions
Feature
Eightcap Challenges
OANDA
Min. Spread
0 pips
0 pips
Min. Deposit
$5
$0
Max Leverage
100:1
200:1
Execution
Simulated (RAW)
Market Maker
Instruments
100+
Founded
2009
1996
Headquarters
Australia
United States
Regulation & Licensing
Eightcap Challenges
Regulator
Seychelles
OANDA
FCA(461819)
United Kingdom
NFA(0325821)
United States
MAS(CMS100231)
Singapore
ASIC(412981)
Australia
CIRO
Canada
FSC(SIBA/L/20/1130)
British Virgin Islands
Platforms & Features
Feature
Eightcap Challenges
OANDA
Platforms
MetaTrader 4, MetaTrader 5, TradeLocker
OANDA Trade, MetaTrader 4
Copy Trading
VPS Hosting
Neg. Balance Protection
Islamic Account
Demo Account
Server Infrastructure
Metric
Eightcap Challenges
OANDA
Total Servers
2
Total Endpoints
7
Countries
4
Hosting Providers
Liquidity Connect LLC, Cloudflare, Beeks Financial Cloud
Account Types
Eightcap Challenges
One Phase Challenge
Spread: 0 pipsMin: $69Lev: 100:1Comm: $5/lot
Two Phase Challenge
Spread: 0 pipsMin: $59Lev: 100:1Comm: $5/lot
Day Trader Challenge
Spread: 0 pipsMin: $5Lev: 100:1Comm: $5/lot
OANDA
Standard
Spread: 0.6 pipsMin: $0Lev: 200:1
Core
Spread: 0 pipsMin: $0Lev: 200:1Comm: $5/100k
Verdict: Eightcap Challenges vs OANDA
Based on our verified data analysis, both brokers are evenly matched across our comparison criteria. Your choice should depend on your specific trading priorities.
Choose Eightcap Challenges for a lower entry barrier.
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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.