EagleFX vs RoboForex - Fees Review included
Which broker is better EagleFX or RoboForex? Our expert assessment conducted according to TU’s own methodology showed that EagleFX is one of the top brokers in the financial market with the TU Overall Score of 6.13 out of 10. RoboForex is one of the top brokers in the financial market with the TU Overall Score of 9.71 out of 10. Find out more about TU Overall Score.
Feature | EagleFX | RoboForex |
---|---|---|
Overall |
2.5 |
4.9 |
1 |
4.6 |
|
4 |
4.9 |
|
3.8 |
5 |
|
Investment Instruments |
1 |
4.8 |
Platforms and Charting Tools |
2.7 |
4.9 |
Deposit and Withdrawal |
2.3 |
4.8 |
Research |
2.4 |
4.9 |
Education |
2.9 |
4.8 |
Support |
4 |
5.0 |
Bonuses |
1.5 |
5 |
|
|
EagleFX vs RoboForex: Pros and Cons
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.
RoboForex is a brokerage company that was founded in 2009. It provides services to financial markets in 169 countries. More than 3.5 million users are RoboForex clients. RoboForex is the leading software developer in the Forex industry. RoboForex is recognized as a reliable partner by the most respected financial market experts. The company has won numerous prestigious awards. The RoboForex group of companies has an international license to provide services from FSC Belize.
EagleFX | RoboForex | |
---|---|---|
Overall Pros | Registration with the site and opening an account take only a few minutes. | Trading With Leverage up to 1:2000 |
The demo account is free and available to traders for an unlimited amount of time. | Near 9000 supported trading assets | |
You can contact support at any time of the day, any day of the week. | Low trading and non trading fees | |
The STP technology is used for fast order execution. | Passive income with copy trading | |
You can trade using PCs, tablets, and mobile devices. | Great bonus programs | |
To protect clients’ funds, the broker uses a cold storage method. | Instant withdrawal of funds | |
Best choice of Forex EA, Forex bots builder | ||
Advanced trading platforms | ||
Overall Cons | There are no passive income programs. | Lack of cryptocurrency tools when trading on the R Trader platform |
There are no educational articles, videos, or courses on the broker’s website. | A small number of currency pairs - 36, for accounts: Pro, Pro-Cent, ECN, Prime | |
Not regulated at all |
EagleFX vs RoboForex: Safety and Regulation
Regulated By: | EagleFX | RoboForex |
---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
FSC (Belize) |
EagleFX vs RoboForex: Trading Conditions
Trading Conditions | EagleFX | RoboForex |
---|---|---|
Minimum Deposit |
$10 |
$10 |
Trading Platforms |
MetaTrader 4 for Windows, iOS, Android, WebTrader |
MT4, MT5, cTrader, R StocksTrader, RoboForex, |
Max Leverage (Futures) |
1-500 |
1-2000 |
Supported Markets |
Fiat currency, cryptocurrency, indices, commodities, shares |
Forex, Stocks, Indices, ETFs, Groceries, Energy commodities, Metals |
Trading assets |
102+ |
8700+ |
Trading Accounts |
Real, demo-account |
Pro, Pro Cent, ECN, Prime |
Base Account Currencies |
USD, BTC, GBP, and EUR |
USD, EUR |
EagleFX vs RoboForex: Fees
Forex Trading Fees
Fee | EagleFX | RoboForex |
---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
1.4 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$2 per lot |
ECN Account EUR Average Spread |
Not supported |
0.1 pip |
CFD Trading Fees
Fee | EagleFX | RoboForex |
---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
Fee | EagleFX | RoboForex |
---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
No |
No |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
EagleFX vs RoboForex: Trading Assets
Asset Name | EagleFX | RoboForex |
---|---|---|
Overall |
102+ |
9700+ trading assets |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
EagleFX or RoboForex: Investment Programs
Asset Name | EagleFX | RoboForex |
---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: RoboForex or EagleFX
EagleFX | RoboForex | |
---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
Yes |
Appropriate platform |
No |
R StocksTrader, RoboForex Terminals |
Others |
No |
No |
|
|
EagleFX vs RoboForex: Deposit and Withdrawal Methods
Deposit and Withdrawal Method | EagleFX | RoboForex |
---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
No |
EagleFX vs RoboForex: Research
Research Type | EagleFX | RoboForex |
---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
Yes |
EagleFX vs RoboForex: Education
Education Type | EagleFX | RoboForex |
---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
Yes |
RoboForex vs EagleFX: Support
Support Features | EagleFX | RoboForex |
---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Callback |
No |
EagleFX vs RoboForex: Forex Bonuses and Promo
Promo | EagleFX | RoboForex |
---|---|---|
Forex Bonus |
No |
Welcome bonus $30 Classic first deposit bonus up to 120% |
Affiliate Program |
EagleFX has the multi tier affiliate program. Tire 5 affiliates gets a $0,05 per lot traded, Tire 4 $0,15 per lot traded, Tier 3 $0,3 per lot traded, Tier 2 $0,50 per lot traded and Tier 1 $4 per lot traded |
Up to 40% of trading commissions |
Other Promos |
||
|
|
Top 5 Reviews on RoboForex
-
Comment
Today,April 11, 2024, I made a deposit using a new payment method to fund my RoboForex trading account. I always received the deposited amount real-time in my previous service provider and was expecting the same this time. That did not happen unfortunately. I waited for five hours before finally contacting the RoboForex customer service just in case it was just a minor glitch in the system. The platform has a number of customer service channels to choose from like Whatsapp, Telegram, Messenger, etc which is convenient. I contacted them through Facebook Messenger at 2 pm local time (+8 GMT) and got a response right after I sent my concern. Website says customer service is 24/7. Was asked to provide my trading account number and made it clear that some transactions can take up to five business days to reflect, depending on the service provider. But somehow the funds made it into my account within the day after the interaction. Happy about their prompt response on this one.
-
Comment
I signed up with RoboForex two weeks ago and the process went smoothly overall. Only one thing to remember: they have a specific requirement on the password format which took a bit of my time. I use the same password on all my trading accounts which RoboForex kept rejecting, so had to come up with a new one which for me is a source of slight inconvenience for my future transactions. After submitting the documents confirming my identification and home address, they sent me an email informing that my MT4 Pro account has been successfully opened. It’s fast. There are four different account types to choose from: Demo, Real, CopyFX Trader, and Partner which appeals to different types of traders and I selected a demo since I am a beginner. From my understanding you can open multiple accounts at once and there can be different types, depending on preference. The demo account has a $10,000 balance and a 1:1000 leverage and I just started playing around. Wish they will be more flexible with th
-
Comment
RoboForex is a beginner-friendly platform. I was able to set up an account by following the instructions I saw in the blogs section. After setting up a demo account, I opened the web trader version of the trading platform, and the educational guides on how to trade I found on this trading platform have helped me in my trading journey. The educational resource explained the importance of studying the price movement of the asset you choose and how to select the order volume, of which 1.0 is the recommended value. Beginner traders can consider the educational resource available on the RoboForex platform as there are provisions for those looking to learn how to trade using major trading pairs like GBP/USD, EUR/USD, USD/JPY, USD/CHF, AUD/USD, USD/CAD, etc.
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company
-
Comment
I've been trading with Roboforex for over 2 years now, and I can't say anything bad about the broker. Their trading conditions are better than those of larger companies. The spreads on ECN accounts are minimal; it's a pleasure to scalp on the EUR/USD pair. Yes, during increased volatility, spreads may widen, but I don't trade the news, so it's not essential for me. Also, I take advantage of Roboforex's free VPS for automated trading. I recommend this company.
Top 5 Reviews on EagleFX
-
Comment
I use the services of Eagle FX and have some comments. Overall, the platform is not bad, I compared it with other brokers. I'm glad it's an honest company. For me, this income was not difficult. I continue to trade.
-
Comment
I work with several brokers at once. Order execution at EagleFX sometimes slows down in a volatile market, but I have seen this with many brokers. Also, there are withdrawal delays, but not long. Quotes are normal, as with other brokers. I didn’t notice any drawings or quote manipulation.
-
Comment
Before opening an account with EagleFX, I worked with other brokers, but my results were not very good, and once I was even severely deceived. So, from the very beginning, I was very cautious. But fortunately, my fears were not confirmed. I already have results, and I am not worried about anything like I was six months ago. I have withdrawn profits of about $500 during this time. Therefore, I consider EagleFX to be quite good.
-
Comment
EagleFX offers conditions under which it is possible to increase a deposit. Of course, this requires a trading strategy. By the way, any strategy can be used here because there are no restrictions. The platform works quickly, you can trade both intraday and medium-term. EagleFX withdraws profits without any problems.
-
Comment
A drawback of the EagleFX broker is the lack of diversity in account types. The company offers only one type of account, the classic one. However, the conditions are quite good. The spreads on various assets are low, contributing to increased profitability. Positive swaps can be selected, making medium-term trading relevant. The customer support at EagleFX is weak, but I have only encountered it twice.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.