Alfa Forex
EagleFX
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Overview
Alfa Forex was founded in 2011 and is headquartered in Cyprus, while EagleFX was established in 2019 and is based in Dominica. Alfa Forex holds licences including Securities and Exchange Commission (SEC), while EagleFX is regulated by Unregulated among others. Alfa Forex serves 10,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $0 at Alfa Forex and $10 at EagleFX.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Unregulated |
| Founded | 2011 | 2019 |
| Country | Cyprus | Dominica |
| Clients | 10,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between Alfa Forex and EagleFX, directly affecting your bottom line as a trader. Alfa Forex has a lower barrier to entry with a minimum deposit of $0 (vs $10 at EagleFX). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. The two brokers are broadly comparable on fee structure.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| Min. Deposit | $0 | $10 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Alfa Forex offers MT4, MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. Alfa Forex offers a mobile trading app; mobile availability for EagleFX is limited. Both brokers support copy or social trading, catering to less hands-on investors. Alfa Forex edges ahead on platform breadth and functionality in our scoring.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | No |
| Android App | Yes | No |
| Trading Platforms | MT4 | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Alfa Forex and EagleFX compare. Alfa Forex has a video library; EagleFX does not. Alfa Forex integrates third-party research tools (Autochartist); EagleFX does not. Alfa Forex scores higher overall in education and research.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Alfa Forex accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while EagleFX supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | No |
| Skrill | No | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Alfa Forex and EagleFX offer live chat support. Both provide phone support. Email support is available at both brokers. Both brokers offer support in 2 languages. Both brokers are comparable on support quality.
| Feature | Alfa Forex | EagleFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |