EagleFX vs TriumphFX - Fees Review included
Which broker is better EagleFX or TriumphFX? 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. TriumphFX is one of the top brokers in the financial market with the TU Overall Score of 4.62 out of 10. Find out more about TU Overall Score.
| Feature | EagleFX | TriumphFX |
|---|---|---|
Overall |
2.5 |
3.9 |
1 |
4.4 |
|
4 |
4.2 |
|
3.8 |
2.9 |
|
Investment Instruments |
1 |
1 |
Platforms and Charting Tools |
2.7 |
3.7 |
Deposit and Withdrawal |
2.3 |
4.5 |
Research |
2.4 |
2 |
Education |
2.9 |
3.7 |
Support |
4 |
4.6 |
Bonuses |
1.5 |
3 |
|
|
EagleFX vs TriumphFX: 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.
TriumphFX is an STP broker that has been providing services since 2009. The company offers trading in 60 currency pairs on the Forex market, as well as 4 precious metals. The company’s international division is licensed by the VFSC (Vanuatu Financial Services Commission, registration number 17901). The European division of the company is regulated by the Cyprus Securities and Exchange Commission (CySEC, No.293/16). The broker’s reliability has been recognized by five prestigious international awards, including Most Reliable Forex Broker of the Year 2017.
| EagleFX | TriumphFX | |
|---|---|---|
| Overall Pros | Registration with the site and opening an account take only a few minutes. | Negative balance protection |
| The demo account is free and available to traders for an unlimited amount of time. | STP broker | |
| You can contact support at any time of the day, any day of the week. | Well Regulated | |
| The STP technology is used for fast order execution. | Free deposit and withdrawal | |
| You can trade using PCs, tablets, and mobile devices. | ||
| To protect clients’ funds, the broker uses a cold storage method. | ||
| Overall Cons | There are no passive income programs. | Limited number of supported assets |
| There are no educational articles, videos, or courses on the broker’s website. | No passive income options | |
| Not regulated at all | Weak research and education |
EagleFX vs TriumphFX: Safety and Regulation
| Regulated By: | EagleFX | TriumphFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
Yes |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
No |
EagleFX vs TriumphFX: Trading Conditions
| Trading Conditions | EagleFX | TriumphFX |
|---|---|---|
Minimum Deposit |
$10 |
$100 |
Trading Platforms |
MetaTrader 4 for Windows, iOS, Android, WebTrader |
МТ4 |
Max Leverage (Futures) |
1-500 |
1:30 for EU clients, up to 1:500 (or the clients of international subdivision) |
Supported Markets |
Fiat currency, cryptocurrency, indices, commodities, shares |
Forex, Metals |
Trading assets |
102+ |
64+ |
Trading Accounts |
Real, demo-account |
Standard Fixed, Standard Variable, Premium, Platinum, VIP |
Base Account Currencies |
USD, BTC, GBP, and EUR |
USD, EUR, GBP |
EagleFX vs TriumphFX: Fees
Forex Trading Fees
| Fee | EagleFX | TriumphFX |
|---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
1.6 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$0 |
ECN Account EUR Average Spread |
Not supported |
0.6 |
CFD Trading Fees
| Fee | EagleFX | TriumphFX |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread |
Non-Trading Fees
| Fee | EagleFX | TriumphFX |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
Bank card - 2 EUR/ 3USD/ 2 GBP Bank transfer - 20€ / 25£ / 30$ +0.15% abouve $1000 Skril, Neteller - 1% |
Inactivity Fee |
No |
$5 per month afther 180 days of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
EagleFX vs TriumphFX: Trading Assets
| Asset Name | EagleFX | TriumphFX |
|---|---|---|
Overall |
102+ |
64+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
No |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
No |
Energy |
Yes (CFD) |
No |
Indices |
Yes (CFD) |
No |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
EagleFX or TriumphFX: Investment Programs
| Asset Name | EagleFX | TriumphFX |
|---|---|---|
Copy Trading |
No |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: TriumphFX or EagleFX
| EagleFX | TriumphFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
EagleFX vs TriumphFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | EagleFX | TriumphFX |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
No |
EagleFX vs TriumphFX: Research
| Research Type | EagleFX | TriumphFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
EagleFX vs TriumphFX: Education
| Education Type | EagleFX | TriumphFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
TriumphFX vs EagleFX: Support
| Support Features | EagleFX | TriumphFX |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Callback |
No |
EagleFX vs TriumphFX: Forex Bonuses and Promo
| Promo | EagleFX | TriumphFX |
|---|---|---|
Forex Bonus |
No |
No |
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 |
Yes |
Other Promos |
||
|
|
Top 5 Reviews on TriumphFX
-
Comment
The regulation of the TriumphFX broker is weak; there is one normal regulator license. So for now I'm just testing this company for integrity and honesty. I opened an account with TriumphFX three months ago and transferred the minimum deposit here. Before that I tried trading on a demo account, and it seemed like trading was going well. Well, let's see what happens next.
-
Comment
I can't consider Triumph FX one of the best brokers. It's more like a three-star broker. Not the best, but not the worst either. Slippage is often encountered, especially when trading during news releases. Spreads are normal, but they can widen, and this should be taken into account in trading. There are enough payment systems; I use bank transfer. I've withdrawn money from my Triumph FX account several times, and the broker hasn't let me down in this regard.
-
Comment
I warn everyone that TriumphFX is a fake broker. Do not transfer money to them. They will not allow you to trade properly or withdraw money. They credited a bonus for the deposit, convinced me to deposit $5000, but later, TriumphFX did not allow any withdrawals from the account. They provided constant excuses, then completely stopped responding. Afterward, someone else opened trades, and the entire deposit disappeared in losses.
-
Comment
TriumphFX is registered in an offshore zone and lacks a license from a reputable regulator. Therefore, trading here is very dangerous. I trusted this broker, opened an account, and transferred $1000. However, manipulations on the platform led to the loss of all my funds. Slippages occur up to 40 points! Considering market movements, no stop-loss can withstand such slippages! I strongly advise against using TriumphFX as a broker!
-
Comment
triumphfx has huge fees. For a taker, trading fees can reach 0.6% of the trade amount, while on other exchanges this fee does not exceed 0.25%. I think this is abnormal. Okay, if it was only one fee. But triumphfx also charges deposit and withdrawal fees. So it’s better to look for more profitable options.
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.