EagleFX vs XBTFX - Fees Review included
Which broker is better EagleFX or XBTFX? 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. XBTFX is one of the top brokers in the financial market with the TU Overall Score of 7.52 out of 10. Find out more about TU Overall Score.
| Feature | EagleFX | XBTFX |
|---|---|---|
Overall |
2.5 |
3.7 |
1 |
1.2 |
|
4 |
4.2 |
|
3.8 |
3.9 |
|
Investment Instruments |
1 |
4.6 |
Platforms and Charting Tools |
2.7 |
4.7 |
Deposit and Withdrawal |
2.3 |
4.5 |
Research |
2.4 |
3.8 |
Education |
2.9 |
3.5 |
Support |
4 |
4.1 |
Bonuses |
1.5 |
2.4 |
|
|
|
EagleFX vs XBTFX: 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.
Established in 2019, XBTFX has been following its core goal to bridge the gap between the cryptocurrency market and brokerage companies. At the same time, the company runs its business based on the principles of high transparency and accessibility. XBTFX is a Cryptocurrency-based Forex and CFD provider that gives customers access to leveraged trading on digital assets and traditional financial markets.
| EagleFX | XBTFX | |
|---|---|---|
| Overall Pros | Registration with the site and opening an account take only a few minutes. | Crypto dposits |
| The demo account is free and available to traders for an unlimited amount of time. | Big choice of supported crypto assets | |
| You can contact support at any time of the day, any day of the week. | Copy trading and MAM services for investors | |
| 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. | ||
| Overall Cons | There are no passive income programs. | unregulated broker |
| There are no educational articles, videos, or courses on the broker’s website. | ||
| Not regulated at all |
EagleFX vs XBTFX: Safety and Regulation
| Regulated By: | EagleFX | XBTFX |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
No |
No |
CySec (Cyprus, EU) |
No |
No |
ASIC (Australia) |
No |
No |
Other Regulators |
No |
Not regulated |
EagleFX vs XBTFX: Trading Conditions
| Trading Conditions | EagleFX | XBTFX |
|---|---|---|
Minimum Deposit |
$10 |
$1 |
Trading Platforms |
MetaTrader 4 for Windows, iOS, Android, WebTrader |
MT4, MT5, Webtrader, Mobile platforms |
Max Leverage (Futures) |
1-500 |
1-500 |
Supported Markets |
Fiat currency, cryptocurrency, indices, commodities, shares |
FX, Commodities, CFDs, CryptoCurrency, Share CFD, Commodities, Metals |
Trading assets |
102+ |
150+ |
Trading Accounts |
Real, demo-account |
Standard, ECN |
Base Account Currencies |
USD, BTC, GBP, and EUR |
BTC, ETH, XRP, USDT, USDC |
EagleFX vs XBTFX: Fees
Forex Trading Fees
| Fee | EagleFX | XBTFX |
|---|---|---|
Standard Account EURUSD Average Spread |
0.7 pips |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
$3.5 per lot |
ECN Account EUR Average Spread |
Not supported |
0.2 pips |
CFD Trading Fees
| Fee | EagleFX | XBTFX |
|---|---|---|
CFD Trading Fee |
Floating spread |
Crypto CFDs - 0.075% per deal, US Stock CFDs $0.10 per share, EU, ASIA, Russia stock CFDs - 0.45% |
Non-Trading Fees
| Fee | EagleFX | XBTFX |
|---|---|---|
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 XBTFX: Trading Assets
| Asset Name | EagleFX | XBTFX |
|---|---|---|
Overall |
102+ |
200+ |
Forex |
Yes |
Yes |
Stocks |
Yes (CFD) |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes |
ETFs |
No |
No |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
Yes |
No |
Binary Options |
No |
No |
EagleFX or XBTFX: Investment Programs
| Asset Name | EagleFX | XBTFX |
|---|---|---|
Copy Trading |
No |
Yes |
MAM/PAMM |
No |
Yes |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XBTFX or EagleFX
| EagleFX | XBTFX | |
|---|---|---|
MT4 |
Yes |
Yes |
MT5 |
No |
Yes |
cTrader |
No |
No |
Appropriate platform |
No |
No |
Others |
No |
No |
|
|
|
EagleFX vs XBTFX: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | EagleFX | XBTFX |
|---|---|---|
Bank Transfer |
No |
No |
Debit Card |
Yes |
No |
Electronic Wallets |
No |
No |
Crypto |
Yes |
Yes |
EagleFX vs XBTFX: Research
| Research Type | EagleFX | XBTFX |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
No |
No |
Chart Analysis |
Yes |
Yes |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
No |
EagleFX vs XBTFX: Education
| Education Type | EagleFX | XBTFX |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
No |
Articles |
No |
Yes |
Videos |
No |
No |
Cent account |
No |
No |
XBTFX vs EagleFX: Support
| Support Features | EagleFX | XBTFX |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
Yes |
No |
Online chat |
Yes |
No |
Other |
Callback |
Twitter, Facebook, Reddit |
EagleFX vs XBTFX: Forex Bonuses and Promo
| Promo | EagleFX | XBTFX |
|---|---|---|
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 |
Earn up to 30% of what your referrals pay in trading fees |
Other Promos |
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|
|
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Top 5 Reviews on XBTFX
-
Comment
I have been working with XBTFX for three months and I am satisfied. Spreads are lower than with other companies. Slippages are fairly low if any. The platform workswithout any problems, I open and close orders instantly. And the support is adequate.
-
Comment
From the very beginning, XBTFX conditions suited me and I was satisfied with a minimum deposit. To achieve results, of course, you need more, but this is a good investment to start with for a novice trader. Then, when you become more experienced, you can increase it and get rich.
-
Comment
Good guys work at xbtfx and I often write to them in the chat. Everything is explained clearly, and I am satisfied with deposit and withdrawal methods. Fees are also good.
-
Comment
I would like to share my experience with XBTFX, which turned out to be a good choice. Among the positive aspects is that this broker allows scalping and also provides high leverage, which can be useful for experienced traders. The account opening process was incredibly fast and took only 3 minutes. I liked that the information on the XBTFX website is accessible, making it easy to interact with. All this made my work in the market easy and comfortable.
-
Comment
I have been trading with XBTFX since 2023, starting with small amounts. Now I am already trading with large amounts and I can wholeheartedly recommend this broker, because execution of orders is excellent and withdrawal of profits is very fast. The broker doesn't interfere with trading.
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.