EagleFX vs Vantage - Fees Review included
Which broker is better EagleFX or Vantage? 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. Vantage is one of the top brokers in the financial market with the TU Overall Score of 8.8 out of 10. Find out more about TU Overall Score.
| Feature | EagleFX | Vantage |
|---|---|---|
Overall |
2.5 |
4.4 |
1 |
4.2 |
|
4 |
4.6 |
|
3.8 |
4.4 |
|
Investment Instruments |
1 |
4.6 |
Platforms and Charting Tools |
2.7 |
4.5 |
Deposit and Withdrawal |
2.3 |
4.4 |
Research |
2.4 |
3.9 |
Education |
2.9 |
4.7 |
Support |
4 |
4.1 |
Bonuses |
1.5 |
4.4 |
|
|
|
EagleFX vs Vantage: 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.
Vantage FX is an STP broker that has been operating since 2009. Traders can find Forex currency pairs on the company's website, as well as CFDs on American, Australian, and European stocks, commodities, and indices. The company operates under the licenses of four regulators — the UK (FCA), Australia (ASIC), Vanuatu (VFSC), and the Cayman Islands (CIMA). Since its creation, Vantage FX has received 11 prestigious awards.
| EagleFX | Vantage | |
|---|---|---|
| Overall Pros | Registration with the site and opening an account take only a few minutes. | The broker has licenses from four reputable regulators |
| The demo account is free and available to traders for an unlimited amount of time. | Free trading signals for traders, regardless of the type of trading account | |
| You can contact support at any time of the day, any day of the week. | Fantabulous bonus policy and terms of its affiliate program | |
| The STP technology is used for fast order execution. | 3 copy trading platforms support | |
| 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. | Customers from most countries are forced to cooperate with a branch that has an offshore license |
| There are no educational articles, videos, or courses on the broker’s website. | Limited education and a lack of information on Forex trading | |
| Not regulated at all | Snail-paced withdrawal of funds with the requirement to comply with special conditions |
EagleFX vs Vantage: Safety and Regulation
| Regulated By: | EagleFX | Vantage |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
Yes |
CySec (Cyprus, EU) |
No |
no |
ASIC (Australia) |
No |
Yes |
Other Regulators |
No |
Great Britain. The broker operates under the FCA license # 590299; Australia. The company has received ASIC AFSL license # 428901; The Cayman Islands. Vantage FX is regulated by CIMA under license number 1383491; Vanuatu. The broker provides services based on VFSC financial activity permit No. 700271. |
EagleFX vs Vantage: Trading Conditions
| Trading Conditions | EagleFX | Vantage |
|---|---|---|
Minimum Deposit |
$10 |
$200 |
Trading Platforms |
MetaTrader 4 for Windows, iOS, Android, WebTrader |
Vantage FX app, МТ4 (desktop, mobile, web), МТ5 (desktop, mobile), WebTrader |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Fiat currency, cryptocurrency, indices, commodities, shares |
Currency pairs (44), CFDs on stocks (226), indices (16), and commodities (19) |
Trading assets |
102+ |
400+ |
Trading Accounts |
Real, demo-account |
Demo, Standard STP, Pro ECN, RAW ECN |
Base Account Currencies |
USD, BTC, GBP, and EUR |
AUD, USD, GBP, EUR, SGD, and CAD |
EagleFX vs Vantage: Fees
Forex Trading Fees
| Fee | EagleFX | Vantage |
|---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
1.22 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$2 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | EagleFX | Vantage |
|---|---|---|
CFD Trading Fee |
Floating spread |
Floating spread, US Share CFDs - free, UK/EU Share CFDs - 10 EUR per trade, AU share CFDs - $5 per trade |
Non-Trading Fees
| Fee | EagleFX | Vantage |
|---|---|---|
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 Vantage: Trading Assets
| Asset Name | EagleFX | Vantage |
|---|---|---|
Overall |
102+ |
400+ |
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 |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
EagleFX or Vantage: Investment Programs
| Asset Name | EagleFX | Vantage |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Vantage or EagleFX
| EagleFX | Vantage | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
Vantage FX |
Others |
No |
No |
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EagleFX vs Vantage: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | EagleFX | Vantage |
|---|---|---|
Bank Transfer |
No |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
No |
EagleFX vs Vantage: Research
| Research Type | EagleFX | Vantage |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
No |
Yes |
E-Mail Reports |
No |
No |
EagleFX vs Vantage: Education
| Education Type | EagleFX | Vantage |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
No |
Yes |
Videos |
No |
Yes |
Cent account |
No |
No |
Vantage vs EagleFX: Support
| Support Features | EagleFX | Vantage |
|---|---|---|
Working Days |
24/7 |
24/5 |
Yes |
Yes |
|
Phone |
Yes |
Yes |
Online chat |
Yes |
Yes |
Other |
Callback |
No |
EagleFX vs Vantage: Forex Bonuses and Promo
| Promo | EagleFX | Vantage |
|---|---|---|
Forex Bonus |
No |
Initial deposit bonus Clients of the broker can receive a bonus upon the first deposit of 50% of the deposit amount. The maximum bonus amount is 20,000 USD. Funds are accrued in the form of trade credits that can be used to conduct transactions, increase margins, etc. |
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 |
CPA affiliate program (CellXpert). This affiliate program provides a reward for traders who promote the broker's services. The size of the bonus differs depending on the country from which new traders come. The remuneration levels are as follows: 600 USD for clients from Germany, Denmark, Switzerland, UK, Norway, France, the Netherlands, Sweden, Austria, Ireland, and New Zealand; 400 USD for customers from Hong Kong, Finland, Italy, Portugal, UAE, Kuwait, Qatar, Saudi Arabia, Malaysia, Israel; 300 USD for clients from the Czech Republic, Slovak Republic, Poland, Taiwan, Colombia, Thailand, Mexico, Greece, South Africa; 100 USD for clients from other countries. The referred client is registered in the partner group if two conditions are met: Account replenishment for 500 USD; The trading turnover is at least two trading lots in the first month after registration. |
Other Promos |
Vantage FX encourages active traders by returning them some of the commissions in the form of cashback or rebate. Clients who fund their account in the amount of 10,000 USD and maintain the amount at this level can earn commissions up to 8 USD per lot traded. In addition, such customers can receive gifts from the broker, such as a gift card or iPhone. |
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Top 5 Reviews on Vantage
-
Comment
Vantage Markets is a low cost trading platform, it is up to the trader to decide how much they want to start their initial investment with. Vantage allows traders to start trading from just 0.01 lot per tra and this is with competitive spreads from 0.1-0.4. It is important to note that spreads can change during a market session. When there is high liquidity spreads can become tighter because there are more buyers and sellers active in the market and this happens more during the London and New York session overlap. Spreads tend to widen during periods of high market volatility which are caused by rapid price movement.
-
Comment
At Vantage, you can trade more than eight major currencies, including the US dollar (USD), British pound (GBP), Euro (EUR), Canadian dollar (CAD), Australian dollar (AUD), Japanese yen (JPY), Swiss franc (CHF), and New Zealand dollar (NZD). And to be successful in trading these major pairs, you must follow the news involving these currencies. The news feed tool on the Vantage trading platform provides traders trading forex on news releases with real time news on different pairs and economic conditions.I keep up with this news, as every day, new economic data is released that forex traders can use to make well-informed trading de
-
Comment
Vantage trading platform is user friendly and includes features that makes it easy to analyze trades. You have different chart candles to chose with over 100 indicators. One of the features I use mostly when analyzing price charts is the company feature. I can use this to compare multiple currency pairs with the selected pair using the charts to follow its movement. Each pair you select introduces its own line in the graph with a different color. Making it easy to identify each of the currency pairs.
-
Comment
I have always liked Vantage Markets, since it is multi-functional and has excellent client service. Here, I increased my capital thanks to adequate asset capitalization and good liquidity. This is exactly what happens with Vantage Markets. If you know how to trade, it’s not a problem to get a decent profit.
-
Comment
I don't think I would recommend trading with Vantage Markets to anyone else. Although I used to advertise it to everyone. But the situation has changed radically. Conditions on the Vantage Markets platform have deteriorated horribly. If previously slippages were very rare, now they occur on almost every trade. And slippages are not a couple of pips, but 20 pips and above. The broker has deteriorated very badly.
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.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.