EagleFX
umarkets
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Overview
EagleFX was founded in 2019 and is headquartered in Dominica, while umarkets was established in 2018 and is based in Bulgaria. EagleFX holds licences including Unregulated, while umarkets is regulated by Financial Conduct Authority (FCA) among others. EagleFX serves 5,000+ clients worldwide; umarkets has 10,000+. The minimum deposit is $10 at EagleFX and $250 at umarkets.
| Feature | EagleFX | umarkets |
|---|---|---|
| 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-F333 |
| Founded | 2019 | 2018 |
| Country | Dominica | Bulgaria |
| Clients | 5,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between EagleFX and umarkets, directly affecting your bottom line as a trader. EagleFX has a lower barrier to entry with a minimum deposit of $10 (vs $250 at umarkets). 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 | umarkets |
|---|---|---|
| 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 umarkets supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. umarkets edges ahead on platform breadth and functionality in our scoring.
| Feature | EagleFX | umarkets |
|---|---|---|
| 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 umarkets compare. umarkets has a video library; EagleFX does not. umarkets integrates third-party research tools (Autochartist); EagleFX does not. umarkets scores higher overall in education and research.
| Feature | EagleFX | umarkets |
|---|---|---|
| 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 umarkets supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). umarkets uniquely supports PayPal and Skrill and Neteller among the two brokers. umarkets scores higher on deposit and withdrawal flexibility.
| Feature | EagleFX | umarkets |
|---|---|---|
| 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 umarkets offer live chat support. Both provide phone support. Email support is available at both brokers. EagleFX supports 2 languages and umarkets supports 8, giving umarkets broader global reach. Both brokers are comparable on support quality.
| Feature | EagleFX | umarkets |
|---|---|---|
| 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 |