EagleFX
FXCM
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while FXCM was established in 1999 and is based in United States. EagleFX holds licences including Unregulated, while FXCM is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; FXCM has 10,000+. The minimum deposit is $10 at EagleFX and $1 at FXCM.
| Feature | EagleFX | FXCM |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2019 | 1999 |
| Country | Dominica | United States |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and FXCM, directly affecting your bottom line as a trader. FXCM has a lower barrier to entry with a minimum deposit of $1 (vs $10 at EagleFX). EagleFX charges withdrawal fees while FXCM does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; FXCM does not. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | FXCM |
|---|---|---|
| Min. Deposit | $10 | $1 |
| 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 FXCM supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which FXCM does not offer. FXCM edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | FXCM |
|---|---|---|
| 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, Mirror Trader, Web Trader, NinjaTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EagleFX and FXCM compare. FXCM runs regular live webinars; EagleFX does not. FXCM has a video library; EagleFX does not. FXCM publishes daily market commentary; EagleFX does not. FXCM integrates third-party research tools (Trading Central, Autochartist); EagleFX does not. FXCM maintains an archive of past webinars for on-demand viewing. FXCM scores higher overall in education and research.
| Feature | EagleFX | FXCM |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
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 FXCM supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | EagleFX | FXCM |
|---|---|---|
| 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 FXCM 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 | FXCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |