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EagleFX Guide – Read our In-Depth EagleFX Review

This EagleFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.

Please note that due to regulations, the content in this EagleFX review does not apply to US users.

This EagleFX review contains the most recent information about EagleFX.

If you are a new entrant in the world of trading and brokerage, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all of the concepts of brokerage since you keep trading. For starters, you have to select the ideal broker who'll be transparent with you always.

Within this fast-paced world of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan will create hefty returns. EagleFX is one such stage that will take you and your investment into great heights. It's important to know all about EagleFX before you trust them with your money.

EagleFX review

Our full EagleFX Review covers all you will need to know about trading with EagleFX. A good broker can multiply your initial investments and give you positive profits. If you want to make profits, you must trade with a broker service that aligns with your investment goals.

There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can set your investments at risk.

EagleFX is a broker that has found its way successfully to the brokerage world. In this review, we have tried to collate some of the vital facets of EagleFX. This review will help you to know whether EagleFX is a good match for your own investments or not. We've attempted to breakdown all of the features and charges for your advantage.

EagleFX Review, Table Of Contents

Who are EagleFX?

EagleFX is a foreign exchange broker headquartered in Dominica and provides a variety of tools for online trading. Since its establishment in 2019, EagleFX has emerged as a top-tier player in the field of online brokerage. EagleFX includes a highly competitive and full-featured trading site that is focused on forex, indices, metals, sharesand commodities.

Over the past 2 years, EagleFX has grown into one of the leading online brokers.

After launching in 2019, their customer base has become as big as 5,000+ clients.

EagleFX is the favorite for many traders because of its negative balance protection. Our EagleFX review discovered that they are an excellent alternative for automated trading solutions. It's best suited for investors that are searching for an assortment of assets. Social and automated trading options are the core at EagleFX.

Technology plays a significant role in EagleFX. EagleFX offers trading on MT4, Web Trader, Tablet & Mobile apps. EagleFX is fair, transparent, and a well-regulated agent by the Unregulated. Their outstanding variety of tools will be beneficial for most traders. Third-party partnerships also supply in-house research.

The educational department at EagleFX is quite insightful for new dealers since it permits them to get a closer look in the financial markets. EagleFX caters to all sorts of traders and are a must-have broker for any well-diversified method of online trading.

Benefits of trading with EagleFX?

Trading with EagleFX comes with many advantages. These advantages are what sets EagleFX ahead of all other online agents. You should check all of the advantages listed so that you have a better comprehension of EagleFX.

The agent goes to great lengths to comprehend what traders need. As a result, the service cost is low, fast, and convenient. The agent also provides a variety of programs for all kinds of traders. EagleFX ensures that the individual needs of all online traders are completely met.

EagleFX also includes excellent trading conditions that are available to just an elite class of institutional customers. The tight spreads and fast executions are a great advantage for the traders. The technology adopted by EagleFX is among the maximum caliber, ensuring that it is fast, dependable, and effective.

EagleFX acknowledges the significance of having a quick order execution. A fast execution enables users to exchange without fretting about slippage safely. It is going to also help the dealers to catch the maximum profitable opportunities.

Automated trading is another important aspect of EagleFX. A new trader can learn from industry experts using the automatic trading option. The tight spread starts from as low as 0.0 pips, though they are available for only razor balances.

EagleFX has over 100 trading tools to support all types of traders. These instruments are lively and convenient for both new and seasoned traders. The traders can set aside all their worries when trading using EagleFX.

EagleFX overview

Year Founded: 2019

Regulated By: Unregulated

Hedquarters: Dominica

Minimum Deposit: $10

Number Of Clients: 5,000+

Your capital is at risk

If you feel that EagleFX is not right for you then at the bottom of this EagleFX review you wil find a lot of alternatives to EagleFX.

Everything you should know about trading using EagleFX

EagleFX is a lively platform that offers various procedures of trading online. These instruments cover the monetary markets substantially. Most of the broker platforms provide fewer approaches than EagleFX

If you would like to exchange with EagleFX, you'll need a minimum deposit of $10. This deposit is required if you wish to begin trading using EagleFX. This 2021 EagleFX review will direct you safely about trading with them.

EagleFX is as flexible as any other brokerage platform. EagleFX is great for traders who want a manageable array of cheap services. The platforms provided by EagleFX are third-party, white-label offerings. All traders may select out of MT4, Web Trader, Tablet & Mobile apps.

Together with everything, EagleFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time over which a trade has to be kept open. The brokers offer premium client service which rewards customers with benefits.

Many unethical brokers try to pressurise users into bigger financing for premium services. EagleFX, on the other hand, is much more focused on trading volume. Traders can expect trading conditions to be fair, honest and transparent. The more lots traded by the user, the greater advantages will come along.

EagleFX accounts are available globally and provides quality service wherever they have clients. There are some select few countries where EagleFX accounts are not available. Traders in the following countries cannot open or use a EagleFX account:

Is EagleFX Safe To Trade With?

Launched in 2006, EagleFX has been open for 2 years, they have a head office in Dominica.

EagleFX is regulated by Unregulated. These bodies have rules that ensure that trading platforms have ploicies in place to maintain investor's assets procured. This usually means that EagleFX users don't need to be worried about their money since it is segregated and safely stored in banks that are established. SSL encryption simplifies each user's private information also.

You can make use of an option for Two Factor Authentications (2FA) with EagleFX for increased safety. An SMS for the confirmation code will be sent to a mobile phone. You will be asked to input this code to log in to your accounts.

Another concern with fiscal brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more widespread in the example of Market Maker agents who compete with customers on the stage.

Pro's & Con's Of Trading With EagleFX

Every online trading platform will have some ups and downs, and no EagleFX review would be complete without having a balanced approach. This EagleFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.

EagleFX Pro's

  • EagleFX is trusted by 5,000+ clients
  • EagleFX offers Negative Balance Protection
  • EagleFX doesn't charge inactivity fees
  • EagleFX doesn't charge deposit fees
  • EagleFX offer trading on MT4, Web Trader, Tablet & Mobile apps
  • EagleFX offer 100 trading instruments
  • EagleFX trades major forex pairs
  • EagleFX trades minor forex pairs
  • EagleFX trades exotic forex pairs
  • EagleFX offers trading on cryptocurrencies
  • EagleFX can communicate in

EagleFX Con's

  • EagleFX does not offer Guaranteed Stop Loss
  • EagleFX charge withdrawal fees
  • EagleFX charge CFD fees

EagleFX Review - Compare Brokers Similar To EagleFX

EagleFX ATFX Brightwin Securities And Finance Fortrade
Rating 4/5 4/5 4/5 4/5
Minimum Deposit $10 $100 $250 $1
Year Founded 2019 2014 2010 1992
Headquarters Dominica Cyprus New Zealand UK
Regulated By Unregulated Cyprus Securities and Exchange Commission (CySEC) Unregulated Financial Conduct Authority (FCA)
Clients 5,000+ 10,000+ 10,000+ 10,000+
Find Out More
Risk Warning Your capital is at risk Your capital is at risk Your capital is at risk Your capital is at risk

EagleFX Review - Regulation And Licencing In More Detail

EagleFX is regulated by Unregulated.

EagleFX, as a business, has a strong collection of rules for ensuring honest trading on its own platform. For information encryption purposes, it provides an industry-standard secure socket layer (SSL).

In accordance with the company's privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial information.

EagleFX Review - Awards

    At the time of writing this EagleFX review, they had not received any awards.

EagleFX Review - Minimum Deposit Required

The minimum deposit you must deposit to begin on EagleFX is $10. This is an adequate amount for those just beginning. It's possible to make more advanced deposits as you cooperate. But, ensure you know how to make the most of your money before investing larger sums.

EagleFX Review - Commission And Fees Explained

EagleFX is an online broker platform, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled better. In other words, an online broker isn't necessarily influenced by the number of customers they have.

But this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 different types of penalties for this objective.

The first kind of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding rate, or even a commission. The sorts of trading charges and the prices vary from broker to broker.

Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight rates are people that are charged when you hold a leveraged position for longer than daily.

Apart from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake on your accounts. They're charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.

Generally, EagleFX doesn't charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who regularly trade, such as daily or weekly trading.

But, non-trading fees charged by EagleFX are comparatively lower. Consequently, you're charged more for non-trading activities in your trading account, like withdrawal and deposits. These are not related to the sale and purchase of assets.

This EagleFX review breaks down every one of the relevant non-trading fees for you in detail.

Compare broker fees against EagleFX

EagleFX ATFX Brightwin Securities And Finance Fortrade
Minimum Deposit $10 $100 $250 $1
Withdrawal Fees variable 0 variable No
Inactivity Fees No No
Deposit Fees No 0
CFD Fees Yes No

EagleFX Review - Withdrawal Fees Explained

EagleFX charges a withdrawal fee when you create a bank transfer. Each time you transfer money back into your bank accounts, these withdrawal charges become important.

Withdrawal of money is possible at any moment from your EagleFX account. You can draw up sums to the amount of your account balance, keeping aside the perimeter utilized. 1 thing to remember is that you don't always have to have any cash on your accounts.

In addition, the withdrawn money will be transferred directly to the account you use to make deposits. Therefore, in the event that you used a credit card for deposits, the withdrawn cash is going to be sent to the card. EagleFX will ask you to offer other withdrawal methods in case your details have changed since your deposit.

There is a minimum withdrawal amount. In case you are withdrawing money in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the money you're opting to draw in.

EagleFX Review - Inactivity Fees Explained

Understanding whether you will be charged inactivity fees is only one of those buzzing questions which run through your mind when open an account with EagleFX. An inactivity fee is an amount charged to registered dealers that haven't engaged in purchasing or selling for some time. The period considered inactive is decided by the agent.

The inactivity fee also differs from 1 broker to another and is not generalized. If a dealers account doesn't have a purchasing or selling transaction, it is claimed by the broker as an inactivity fee. The traders have to pay this commission under terms and conditions that they had agreed while enrolling.

EagleFX doesn't charge inactivity fees so you are free to utilize your account as needed

Even if no charges have been implied by EagleFX, it is best that you close the account if you are inactive. Inactivity fees are not only charged by broker companies but also many financial services.

For other trading platforms, the inactivity fee depends upon the type of account you've chosen. The inactivity fee is subjected to many conditions and should be disclosed clearly by the broker beforehand.

EagleFX Review - Deposit Fees Explained

When you move money in your trading account by the bank account, a deposit fee can be billed by the broker. Most agents don't charge too much money for this operation.

EagleFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed

Depositing cash on the EagleFX trading platform is simple. You just need to complete a single-user profile questionnaire to begin depositing money into your trading account. You'll have to give an identity proof and proof of residency to deposit large amounts.

EagleFX Review - Compare Broker Deposit Methods

EagleFX ATFX Brightwin Securities And Finance Fortrade
Minimum Deposit $10 $100 $250 $1
Credit Card Yes
PayPal Yes
Neteller Yes
Skrill No
Payoneer Yes

What Can You trade With EagleFX?

Note: EagleFX provides a lot of different trading instruments due to regulatory restrictions in some countries. Trading instruments offered will be different depending on the country of residence of the client.

EagleFX has a wide variety of over 100 instruments available for you to trade with.

If trading forex pairs is of interest to you then EagleFX offer over 50 currency pairs.

Compare EagleFX, ATFX, Brightwin Securities And Finance & Fortrade below.

EagleFX ATFX Brightwin Securities And Finance Fortrade
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, Mac, Web Trader, Tablet & Mobile apps MT4 MT4, Binary, Tablet & Mobile apps
Instruments Available 100 57 63 100
Forex & Crypto
Forex Pairs Available 50 45 70
Offers Major Forex Pairs? Yes Yes Yes Yes
Offers Minor Forex Pairs? Yes Yes No Yes
Offers Exotic Forex Pairs? Yes Yes No Yes
Offers Cryptocurrencies? Yes No No Yes
Commodity CFD's
Commodities Offered 0 0 0 0
Trade Metals? No Yes No
Trade Energies? No No NO
Trade Agricultural? No No No
Indiced & Stock CFDs
Stocks Offered 0 0 0 0
Trade UK Shares? No No No
Trade US Shares? No No Yes
Trade German Shares? No No No
Trade Japanese Shares? No No Yes

Your capital is at risk

Your capital is at risk

Your capital is at risk

Your capital is at risk

Alternatives To EagleFX

If, after reading this EagleFX review, EagleFX does not meet your requirements check out these EagleFX alternatives.

We have scoured the web to find the best alternatives to EagleFX. Click the links below to find out more.

Frequently Asked Questions about EagleFX

Can I try EagleFX before I buy?

Yes, you can most certainly try EagleFX before you buy. EagleFX provides demo accounts for the ease of beginner traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.

If you sign up to get a demonstration account on EagleFX, you may set out using a decent amount of virtual money. It's to establish a feeling of security and confidence in you until you decide to spend your own money.

With this virtual EagleFXdemo account, you are able to experiment in any way, to whatever length you desire. You might also open positions, examine different trading strategies, and more.

EagleFX specifies on its official website that you are able to exchange real time stocks with your demo account.

Is EagleFX safe?

You can drop all your worries since we believe that EagleFX is completely safe to use. It's in compliance with all the rules of Unregulated.

Nevertheless, EagleFX doesn't provide assured stop-loss protection.

Why does EagleFX ask for my passport?

The reason that EagleFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, EagleFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, EagleFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.

How can I start trading with EagleFX?

The process to start trading withEagleFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the EagleFX website. It will require you to fill in details pertaining to the credibility and security of your account.

Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with EagleFX is $10. You should have a good hold over the nuances of online trading before you set out and trade with real money.

If you are confident of your knowledge and understanding, you can open an account with EagleFX.

The best way to kickstart your trading career with EagleFX is to open a demo account facility before risking any real money

What funding methods do EagleFX accept?

There are multiple ways to finance your accounts with EagleFX. The process is effortless and quick, with different payment methods at your fingertips.

You can use debit or credit cards Which range from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing money. You have to keep in mind that PayPal is not available in all place. The monies EagleFX

Is my money safe with EagleFX?

Yes, your cash is safe and protected with EagleFX. As you know, EagleFX operates with proper conformation to. It has established lots of steps to protect all its investors.

EagleFX safeguards its customers' private and sensitive information under SSL encryption. Your funds will be retained highly secure in top-tier banks.

If you want to further protect your accounts, you can enable Two-Step Verification also. It takes an SMS affirmation that you get your account.

Is EagleFX trading good?

Yes, trading through EagleFX is a nice and decent experience indeed. It is an excellent and intuitive platform with useful features for your simplicity. Moreover, you could also gain access to a huge collection of educational resources and assistive material to kickstart your trading experience.

If you are still skeptical, it is possible to start a eToro demo account and assess the trustworthiness of the platform for yourself.

Which Countries does EagleFX support?

EagleFX operates across the world. However, due to regulations there are some countries that EagleFX do accept clients resident in

Is EagleFX legit?

EagleFX is a legit company headquarted in Dominica since 2019. They are regulated by Unregulated. EagleFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.

Is EagleFX a good broker?

EagleFX is an excellent agent, and its users can vouch for this. The highlight of the platform is its fast order execution on trades.

You will find the clean layout of the platform and the commendable features that a pleasure to work with.

Is EagleFX a trustworthy broker?

Yes, EagleFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 5,000+ users registered with them can reaffirm their trustable nature.

What is the minimum deposit for EagleFX?

The minimum deposit to open a live account with EagleFX is $10

How long do EagleFX withdrawals take?

Normally, withdrawal of money from EagleFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from EagleFX to show in your bank account.

Are EagleFX regulated?

EagleFX are regulated by Unregulated

Is EagleFX a market leading broker?

EagleFX is currently among the industry leaders. It supports over 5,000+ registered customers and over 2 years of experience on its own record. They are among the world's top trading platforms and a prominent figure in the Fintech revolution.

It simplifies this standing to its incredible platform and wide range of tools plus resources so that you may put money into capital markets.

Is EagleFX a con?

No, EagleFX is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that EagleFX is not a scam.

Can you make money with EagleFX?

Through EagleFX, several traders make a lot of money. However, typically, through continual trading, you can make between 2% - 10% profit a month.

This can look like a small number, but within the year, this adds to a significant number of gains. Even though EagleFX provide you all the tools to make money, they cannot guarantee you will profit.

Does EagleFX have fees?

Yes. To start trading using EagleFX, you need to deposit $10. Certain commissions while trading additionally applies. Any processing fees from your bank might need to be incurred by you.

When was EagleFX founded?

EagleFX was founded in 2019 in Dominica. EagleFX is regulated by Unregulated.

How many people use EagleFX?

EagleFX is a globally recognised agent with 5,000+ customers.

Where is the EagleFX head office?

EagleFX has its head office in Dominica

Does EagleFX offer negative balance protection?

Yes, EagleFX has Negative Balance Protection. It's specially offered while the market volatility prevents clients from letting their account go in the red. In a situation like this, EagleFX provides the ability to reset a clients account balance to zero.

You should go through the critical conditions on EagleFX's website to understand their policies.

Does EagleFX offer guaranteed stop loss?

EagleFX regrettably, does not provide guaranteed stop loss. EagleFX gives a chance for its dealers to close their trade in their specified price. Aside from that, EagleFX does not offer guaranteed stop loss.

Does EagleFX allow scalping?

Yes, EagleFX do permit scalping. Several traders throughout the world choose EagleFX for their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which allow this.

Does EagleFX allow hedging?

Yes, EagleFX does allow hedging.

Can you trade energies with EagleFX?

No, unfortunately you cannot trade energy stock with EagleFX

Can you trade agricultural shares with EagleFX?

No, unfortunately you cannot trade agricultural stock with EagleFX

Can you trade cryptocurrency with EagleFX?

Yes, you can trade cryptocurrency with EagleFX

Can you trade metals with EagleFX?

No, unfortunately you cannot trade metals with EagleFX

Can you trade UK Shares with EagleFX?

No, unfortunately you cannot trade UK shares with EagleFX

Can you trade US Shares with EagleFX?

No, unfortunately you cannot trade US shares with EagleFX

Can you trade Japanese Shares with EagleFX?

No, unfortunately you cannot trade Japanese shares with EagleFX

Can you trade German Shares with EagleFX?

No, unfortunately you cannot trade German shares with EagleFX

Does EagleFX accept bank transfers?

No, EagleFX does not accept bank transfers.

Does EagleFX accept credit cards?

No, EagleFX does not accept credit cards.

Does EagleFX accept PayPal?

No, EagleFX does not accept PayPal.

Does EagleFX accept Skrill?

No, EagleFX does not accept Skrill.

Does EagleFX accept Payoneer?

No, EagleFX does not accept Payoneer.

Does EagleFX accept Neteller?

No, EagleFX does not accept Neteller.

Does EagleFX offer Live Chat customer support?

No, EagleFX does not offer customer support through live chat.

Does EagleFX offer phone customer support?

No, EagleFX does not offer customer support over the telephone.

Does EagleFX offer email customer support?

No, EagleFX does not offer customer support through email.

What languages can EagleFX communicate in?

EagleFX has the ability to communicate and support customers who speak:

Does EagleFX have a wikipedia page?

No, EagleFX does not have an official wikipedia page.

Does EagleFX offer demo accounts?

Yes, EagleFX offers demo accounts so you can learn their systems before risking any real money.