EagleFX
forexite
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while forexite was established in 2010 and is based in Switzerland. EagleFX holds licences including Unregulated, while forexite is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; forexite has 10,000+. The minimum deposit is $10 at EagleFX and $250 at forexite.
| Feature | EagleFX | forexite |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F229 |
| Founded | 2019 | 2010 |
| Country | Dominica | Switzerland |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and forexite, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at forexite). Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | forexite |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while forexite supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. forexite edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | forexite |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, Web Trader, Tablet & Mobile apps | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EagleFX and forexite compare. forexite runs regular live webinars; EagleFX does not. forexite has a video library; EagleFX does not. forexite publishes daily market commentary; EagleFX does not. forexite integrates third-party research tools (Trading Central); EagleFX does not. forexite maintains an archive of past webinars for on-demand viewing. forexite scores higher overall in education and research.
| Feature | EagleFX | forexite |
|---|---|---|
| Forex Education | No | No |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. EagleFX accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while forexite supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). forexite uniquely supports PayPal and Skrill and Neteller among the two brokers. forexite scores higher on deposit and withdrawal flexibility.
| Feature | EagleFX | forexite |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both EagleFX and forexite offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and forexite supports 8, giving forexite broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | forexite |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |