deposit:
- $10
Trading platform:
- WebTrader
- MetaTrader4
- 0%
deposit:
- $10
Trading platform:
- WebTrader
- MetaTrader4
- 0%
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Summary of EagleFX Trading Company
EagleFX is a moderate-risk broker with the TU Overall Score of 5.76 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by EagleFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews. EagleFX ranks 71 among 406 companies featured in the TU Ranking, which is based on the evaluation of 100+ criteria and a test on how to open an account.
EagleFX is a broker for active traders who trade Forex assets. Experience in trading is optional, the company is ready to cooperate with both professionals and beginners.
EagleFX assists traders in trading on the Forex market. The company is registered in the Dominican Republic and provides financial services to traders from all over the world. EagleFX offers clients the following instruments: stocks, currency pairs, cryptocurrencies, commodities, and indices. Trading using the service of copying transactions, automated programs, and PAMM accounts is not provided. EagleFX received three awards in 2020 for “FX Broker With Best Withdrawal Options”, “Best ECN/STP Broker” and “Best Forex Broker”.
💰 Account currency: | USD, BTC, GBP, and EUR |
---|---|
🚀 Minimum deposit: | 10 USD |
⚖️ Leverage: | 1:500 |
💱 Spread: | floating |
🔧 Instruments: | Fiat currency, cryptocurrency, indices, commodities, shares |
💹 Margin Call / Stop Out: | 100% and 70%, respectively |
👍 Advantages of trading with EagleFX:
- Registration with the site and opening an account take only a few minutes.
- The demo account is free and available to traders for an unlimited amount of time.
- You can contact support at any time of the day, any day of the week.
- The STP technology is used for fast order execution.
- You can trade using PCs, tablets, and mobile devices.
- To protect clients’ funds, the broker uses a cold storage method.
👎 Disadvantages of EagleFX:
- There are no passive income programs.
- There are no educational articles, videos, or courses on the broker’s website.
Evaluation of the most influential parameters of EagleFX
Trade with this broker, if:
- You are seeking to trade with high leverage, low commission, and prefer not to provide your personal data by going through the Know Your Customer (KYC) process.
- You want the flexibility to deposit and withdraw using Bitcoin and other cryptocurrencies.
Do not trade with this broker, if:
- You are looking for passive income programs or comprehensive educational resources such as articles, videos, or courses on the broker's website.
Geographic Distribution of EagleFX Traders
Popularity in
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Expert Review of EagleFX
EagleFX is a Forex broker that provides its services to novice and experienced traders. The company aims to cooperate with active traders; consequently, there are no programs for passive earnings. The exception is the availability of a multilevel referral program. To start trading, the user only needs to make a deposit of $10 if the transaction is carried out via Bitcoin, or $50 if depositing funds in another way.
The company uses ECN and STP technologies. Thanks to them, the traders receive instant order execution without slippage. They also trade with minimal spread indicators. This method of execution provides traders with a variety of trading strategies, including scalpers, to trade with EagleFX. Bitcoin cold storage is responsible for storing clients’ capital, that is, funds are not stored on the company’s servers and are protected from hacking by fraudsters.
It should be noted, however, that the activities of the EagleFX broker are not regulated by any authority. There is no cooperation with compensation funds that can compensate traders for their loss if EagleFX becomes insolvent.
Dynamics of EagleFX’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets and Products of the Broker
EagleFX aims to cooperate with active traders who are interested in making a profit from trading transactions. There are no programs for automated trading, copying trades, or accounts managed by EagleFX managers. The only way to make a profit without trading is to participate in its referral program.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
EagleFX’s affiliate program:
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The task of the affiliate program is to promote EagleFX and attract new active traders (referrals) to the company. To do this, the participant of the affiliate program is given a unique referral link. For each trader who registers using the link and begins actively trading, the trader will receive a financial bonus: $4 for each transaction that the referral completes. There is no limit on the amount a member of the affiliate program can earn.
EagleFX has a multi-level affiliate program. It means that referrals can also become members of the affiliate program and attract new customers. The trader will also receive a financial bonus for that. Bonuses have no expiration date, that is, they will receive them indefinitely as long as the referee completes trade deals.
Trading Conditions for EagleFX Users
EagleFX clients have access to a variety of Forex instruments, including currency pairs, stocks, indices, and commodities. The company offers two trading accounts: real and virtual. There are no Islamic accounts. You can open a real account in one of four currencies. The maximum leverage is 1:500, the spread is floating and depends on the instrument being traded. The high speed of order execution is guaranteed by the use of STP by the broker, so the broker’s services are suitable for clients who prefer scalping. Hedging and news trading are also permitted. Trading may be carried out both from a personal computer and from mobile devices. To start trading, it is enough to deposit $10 or more (when funding your account via Bitcoin).
$10
Minimum
deposit
1:500
Leverage
24/7
Support
💻 Trading platform: | MetaTrader 4 for Windows, Android, WebTrader |
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📊 Accounts: | Real, demo-account |
💰 Account currency: | USD, BTC, GBP, and EUR |
💵 Replenishment / Withdrawal: | Bank transfers, Instacoins, Bitcoin |
🚀 Minimum deposit: | 10 USD |
⚖️ Leverage: | 1:500 |
💼 PAMM-accounts: | No |
📈️ Min Order: | 0.01 |
💱 Spread: | floating |
🔧 Instruments: | Fiat currency, cryptocurrency, indices, commodities, shares |
💹 Margin Call / Stop Out: | 100% and 70%, respectively |
🏛 Liquidity provider: | No information |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Orders execution: | STP, ECN |
⭐ Trading features: | WebTrader; Guides; Affiliate program. |
🎁 Contests and bonuses: | No, except for the affiliate program and the Traders Union bonuses program |
Comparison of EagleFX with other Brokers
EagleFX | RoboForex | Eightcap | Exness | FXGT.com | Vantage Markets | |
Trading platform |
MetaTrader4, WebTrader, Mobile | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MT4, MT5 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MetaTrader4, MetaTrader5 | MT4, MT5, WebTrader, Mobile Apps |
Min deposit | $10 | $10 | $100 | $10 | $5 | $50 |
Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:30 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | No |
Accrual of % on the balance | No | No | No | No | No | No |
Spread | From 0.7 points | From 0 points | From 0 points | From 1 point | From 0.5 points | From 0 points |
Level of margin call / stop out |
100% / 70% | 60% / 40% | 80% / 50% | No / 60% | 50% / 20% | 100% / 50% |
Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | No |
Cent accounts | No | Yes | No | No | No | No |
Broker comparison table of trading instruments
EagleFX | RoboForex | Eightcap | Exness | FXGT.com | Vantage Markets | |
Forex | Yes | Yes | Yes | Yes | Yes | Yes |
Metalls | Yes | Yes | Yes | Yes | Yes | Yes |
Crypto | Yes | No | Yes | Yes | Yes | No |
CFD | Yes | Yes | Yes | Yes | Yes | Yes |
Indexes | Yes | Yes | Yes | Yes | Yes | Yes |
Stock | Yes | Yes | Yes | Yes | Yes | Yes |
ETF | No | Yes | No | No | No | No |
Options | No | No | No | No | No | No |
EagleFX Commissions & Fees
Account type | Spread (minimum value) | Withdrawal commission |
Real | from $19 | No |
It charges a swap commission for the transfer of transactions to the next trading day. There are no Islamic accounts at EagleFX.
The Traders Union also compared the indicators of trading commissions in EagleFX with those of its competing companies such as RoboForex and FXPro. As a result of the comparison, each of the brokers was assigned a trading fee level. You can see the comparative results in the table below.
Broker | Average commission | Level |
EagleFX | $19 | High |
RoboForex | $1 | Low |
Pocket Option | $8.5 | Medium |
Detailed Review of EagleFX
EagleFX is a company that aims to cooperate with active traders and provides optimal trading conditions for both newcomers to the Forex market and professionals. The broker is also suitable for traders who are engaged in scalping, hedging, and trading on the news. The high speed applies not only to the execution of trades but also to deposits, withdrawals, and communications with the EagleFX support team.
EagleFX by the numbers:
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Opening a trading account takes no more than 5 minutes.
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The minimum deposit is $10.
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A trader can open an account in one of 4 currencies.
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The maximum leverage is 1:500.
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The maximum time for crediting funds is 6 hours.
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The response speed of the support service in the online chat is 1 second.
EagleFX is a broker for active trading on the Forex market
The EagleFX broker offers STP and ECN technologies, which guarantee the high speed of order execution. STP operates in the absence of intermediaries between the trader and liquidity providers and, therefore, there are no slippages, requotes, or price changes during the trading process. ECN technology allows you to trade with minimal spreads. In EagleFX, the level of spreads is floating, and the indicators depend on the specific trading asset, as well as several other factors that affect the formation of prices.
For trading, EagleFX provides its clients with access to the platform familiar to Forex traders - MetaTrader 4. The terminal can be installed on a personal computer with a Windows operating system, as well as on Android devices. To trade without installing additional applications, a trader can use the WebTrader platform. EagleFX clients also have access to mobile trading.
Useful services of EagleFX:
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News. In this section, you will find the information that can be useful to traders when working or promoting a broker (for members of the affiliate program).
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Guides. Here are detailed MT4 trading guides for different devices.
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FAQs. This section contains answers to questions that are most frequently asked traders before starting to work with a broker. The answers are divided into categories: deposits, withdrawals, accounts, affiliate program, MT4, trading, and general questions.
Advantages:
The demo account has no time limits, and the trader can use it as long as he sees fit.
The broker offers multiple ways to contact support.
There are no non-trading commissions.
EagleFX offers a tiered affiliate program.
MetaTrader 4 is used as a trading platform.
How to Start Making Profits — Guide for Traders
EagleFX has only one type of trading account - a real one. Residents of any country can open an account. Trading conditions and tools are the same for all users.
Account types:
Traders can check the trading conditions of the EagleFX, practice trading, test new trading strategies on a virtual demo account, access to which remains forever.
The EagleFX broker is suitable for beginners and professional traders who prefer active trading.
Bonuses Paid by the Broker
The main task of the EagleFX broker is to provide comfortable conditions for active trading, and therefore to stimulate its clients’ earnings. Thus, the company has neither a bonus program nor bonuses for the first and subsequent funding of the deposit.
Investment Education Online
EagleFX offers comfortable trading conditions for traders with different levels of professionalism. However, there are no materials for training traders and developing their professionalism on the website. The broker only provides a section with trading guides.
The EagleFX broker provides its clients with the opportunity to use a free demo account to test their knowledge and test new trading strategies.
Security (Protection for Investors)
To protect the capital of traders, EagleFX uses the Bitcoin cold storage method. This means that most of the funds are located in an external device protected from hacking, while the broker’s server contains only the amount necessary to process the withdrawal requests.
EagleFX also provides reliable protection of confidential data. So, each client of the company is obliged to activate two-factor authentication, to avoid hacking his account by third parties. When withdrawing funds, the broker also processes client data to ensure that the amount will be transferred to the correct address.
👍 Advantages
- Client funds are in cold storage of bitcoins
- Client capital is hedged on world exchanges
- EagleFX uses two-factor authentication to protect client accounts
👎 Disadvantages
- Broker activities are not regulated
- EagleFX does not partner with compensation funds
Withdrawal Options and Fees
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To deposit funds, a trader can use Bitcoin, as well as make a bank transfer via Instacoin. To withdraw earnings, the broker also offers Bitcoin or PayPal through Coinbase.
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The speed of crediting funds to a deposit via Bitcoin is up to 6 hours, depending on the workload of the system. The broker processes the withdrawal request within 30 minutes, the funds will be transferred to the Bitcoin wallet within an hour.
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There is no commission either for funding a trading account by any of the above-described methods or for withdrawing funds to a personal account. Please note that the blockchain system charges 0.0005 BTC for the distribution of funds.
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To fund a trading account, as well as to withdraw funds from it to personal accounts, a trader must go through verification.
Customer Support Service
EagleFX broker makes sure that traders always have the opportunity to solve their problems as quickly as possible. Therefore, the broker’s support service works around the clock every day, seven days a week.
👍 Advantages
- A trader can choose a convenient way to communicate with the company’s employees
- There is a callback function
- Support service is available 24/7
👎 Disadvantages
- The average waiting time for a callback is 4 hours
- The broker has no offline offices
This broker provides the following communication channels for its clients:
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write a message to live-chat on the company’s website;
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send a message to the broker’s email;
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order a callback function.
To receive a response from the support service, a trader does not need to open a trading account with the company. Communication channels are also available for site visitors who are not registered with EagleFX.
Contacts
Foundation date | 2013 |
Registration address | EagleFX Ltd, 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica |
Official site | https://www.eaglefx.com/ |
Contacts |
Email:
contact@eaglefx.com,
|
Review of the Personal Cabinet of EagleFX
You can start trading with EagleFX only after opening a live trading account with the company. This can be done by following the instructions below:
To register with EagleFX and open a new account, a trader just needs to go to the main page of the broker’s official website, and then fill out a short form with personal data. You should enter your name, surname, email address and come up with a password to enter. You can also register using your Google or Facebook accounts.
The next step is verification using a mobile phone. You need to use your country code and confirmation method (SMS). If necessary, you can skip this step and return to it later.
You then need to go to your personal account, where you can change your personal data and use other functions.
In the EagleFX personal account, you can:
Also in the personal account, the trader has access to:
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Trading platforms including PC, Android versions, and the WebTrader browser version.
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Tracking your transactions in the “Transaction History” section.
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Editing personal information, enabling two-factor authentication to protect your account from hackers.
Disclaimer:
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Find out how EagleFX stacks up against other brokers.
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FAQs
Do reviews by traders influence the EagleFX rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about EagleFX you need to go to the broker's profile.
How to leave a review about EagleFX on the Traders Union website?
To leave a review about EagleFX, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about EagleFX on a non-Traders Union client?
Anyone can leave feedback about EagleFX on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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