AvaTrade
EagleFX
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while EagleFX was established in 2019 and is based in Dominica. AvaTrade holds licences including Central Bank of Ireland, while EagleFX is regulated by Unregulated among others. AvaTrade serves 200,000+ clients worldwide; EagleFX has 5,000+. The minimum deposit is $250 at AvaTrade and $10 at EagleFX.
| Feature | AvaTrade | EagleFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Unregulated |
| Founded | 2006 | 2019 |
| Country | The British Virgin Islands | Dominica |
| Clients | 200,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and EagleFX, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at AvaTrade). EagleFX charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; AvaTrade does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | AvaTrade | EagleFX |
|---|---|---|
| Min. Deposit | $250 | $10 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while EagleFX supports MT4, MT5, cTrader, a proprietary platform. AvaTrade offers a mobile trading app; mobile availability for EagleFX is limited. Both brokers support copy or social trading, catering to less hands-on investors. AvaTrade edges ahead on platform breadth and functionality in our scoring.
| Feature | AvaTrade | 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, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | 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 AvaTrade and EagleFX compare. AvaTrade has a video library; EagleFX does not. AvaTrade integrates third-party research tools (Autochartist); EagleFX does not. AvaTrade scores higher overall in education and research.
| Feature | AvaTrade | 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. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while EagleFX supports 2 (bank transfer, credit/debit card). AvaTrade uniquely supports PayPal and Neteller among the two brokers. AvaTrade scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | EagleFX |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | No | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and EagleFX offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and EagleFX supports 2, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | EagleFX |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, and Chinese |