EagleFX
ForexTB
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while ForexTB was established in 2015 and is based in Cyprus. EagleFX holds licences including Unregulated, while ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. EagleFX serves 5,000+ clients worldwide; ForexTB has 5,000+. The minimum deposit is $10 at EagleFX and $250 at ForexTB.
| Feature | EagleFX | ForexTB |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Regulation | Unregulated | Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15 |
| Founded | 2019 | 2015 |
| Country | Dominica | Cyprus |
| Clients | 5,000+ | 5,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and ForexTB, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at ForexTB). EagleFX charges withdrawal fees while ForexTB does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; ForexTB does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | ForexTB |
|---|---|---|
| Min. Deposit | $10 | $250 |
| Withdrawal Fees | Yes | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while ForexTB supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which ForexTB does not offer. ForexTB edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | ForexTB |
|---|---|---|
| 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, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EagleFX and ForexTB compare. ForexTB runs regular live webinars; EagleFX does not. ForexTB has a video library; EagleFX does not. ForexTB publishes daily market commentary; EagleFX does not. ForexTB integrates third-party research tools (Trading Central); EagleFX does not. ForexTB maintains an archive of past webinars for on-demand viewing. ForexTB scores higher overall in education and research.
| Feature | EagleFX | ForexTB |
|---|---|---|
| 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 ForexTB supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | EagleFX | ForexTB |
|---|---|---|
| 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 EagleFX and ForexTB 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 | EagleFX | ForexTB |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |