EagleFX
OANDA
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while OANDA was established in 1996 and is based in United States, Canada. EagleFX holds licences including Unregulated, while OANDA is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; OANDA has 10,000+. The minimum deposit is $10 at EagleFX and $1 at OANDA.
| Feature | EagleFX | OANDA |
|---|---|---|
| Min. Deposit | $10 | $1 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) |
| Founded | 2019 | 1996 |
| Country | Dominica | United States, Canada |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and OANDA, directly affecting your bottom line as a trader. OANDA has a lower barrier to entry with a minimum deposit of $1 (vs $10 at EagleFX). EagleFX charges withdrawal fees while OANDA does not, a notable advantage for frequent withdrawers. EagleFX applies inactivity fees on dormant accounts; OANDA does not. The two brokers are broadly comparable on fee structure.
| Feature | EagleFX | OANDA |
|---|---|---|
| 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 OANDA supports MT4, MT5, cTrader. EagleFX supports social and copy trading features, which OANDA does not offer. OANDA edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | OANDA |
|---|---|---|
| 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, OANDA Desktop, OANDA Web, OANDA Mobile |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how EagleFX and OANDA compare. OANDA runs regular live webinars; EagleFX does not. OANDA has a video library; EagleFX does not. OANDA publishes daily market commentary; EagleFX does not. OANDA integrates third-party research tools (Trading Central); EagleFX does not. OANDA maintains an archive of past webinars for on-demand viewing. OANDA scores higher overall in education and research.
| Feature | EagleFX | OANDA |
|---|---|---|
| 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 OANDA supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | EagleFX | OANDA |
|---|---|---|
| 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 OANDA 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 | OANDA |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |