EagleFX
SpreadCo
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while SpreadCo was established in 2005 and is based in London. EagleFX holds licences including Unregulated, while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; SpreadCo has 10,000+. The minimum deposit is $10 at EagleFX and $100 at SpreadCo.
| Feature | EagleFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA) |
| Founded | 2019 | 2005 |
| Country | Dominica | London |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and SpreadCo, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $100 at SpreadCo). Both brokers charge withdrawal fees. EagleFX applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; EagleFX does not. Overall, EagleFX scores higher on fees in our assessment.
| Feature | EagleFX | SpreadCo |
|---|---|---|
| Min. Deposit | $10 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
EagleFX offers MT4, MT5, cTrader, a proprietary platform, while SpreadCo supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. SpreadCo edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | SpreadCo |
|---|---|---|
| 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 | 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 SpreadCo compare. SpreadCo has a video library; EagleFX does not. SpreadCo integrates third-party research tools (Autochartist); EagleFX does not. SpreadCo scores higher overall in education and research.
| Feature | EagleFX | SpreadCo |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | No |
| Weekly Webinars | No | No |
| Daily Commentary | No | No |
| Trading Central | No | No |
| 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 SpreadCo supports 2 (bank transfer, credit/debit card). Both brokers support the same set of payment methods.
| Feature | EagleFX | SpreadCo |
|---|---|---|
| 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 SpreadCo 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 | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, and Chinese |