EagleFX Guide – Read our In-Depth EagleFX Review
This EagleFX review has been updated for 2021 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations, the content in this EagleFX review does not apply to US users.
If you're a new entrant in the realm of trading and brokerage, so many details will be perplexing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will acquire adept at all the concepts of broker since you keep trading. For starters, you need to select the right agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program will generate hefty returns. EagleFX is one such platform that will take you along with your investment to great heights. It's important that you understand all about EagleFX until you trust them with your money.
Our full EagleFX Review covers everything you need to know about trading using EagleFX. A fantastic agent can multiply your first investments and give you positive profits. If you want to earn profits, you should trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you select them. It is a common misconception that all brokers will be the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
EagleFX is a broker that has found its way successfully into the broker world. In this review, we've tried to collate a number of the vital aspects of EagleFX. This review will allow you to understand whether EagleFX is a fantastic fit for your investments or not. We've tried to breakdown all of the qualities and charges for your convenience.
EagleFX Review, Table Of Contents
- Who are EagleFX?
- Benefits Of Trading With EagleFX
- Everything you should know about trading with EagleFX
- Is EagleFX Safe To Trade With?
- Pro's & Con's Of Trading With EagleFX?
- Compare Brokers Similar To EagleFX
- Regulation And Licencing In More Detail
- EagleFX Awards
- Minimum Deposit Required For A Live Account With EagleFX
- EagleFX Commission And Fees Explained
- Compare broker fees against EagleFX
- EagleFX Withdrawal Fees Explained
- EagleFX Deposit Fees Explained
- Compare Broker Deposit Methods
- What Can You Trade With EagleFX?
- Alternatives To EagleFX
- Frequently Asked Questions About EagleFX
Who are EagleFX?
EagleFX is a forex broker headquartered in Dominica and provides a variety of tools for online trading. Since its start in 2019, EagleFX has emerged as a leading player in the industry of online broker. EagleFX has a highly aggressive and full-featured trading site that's focused on forex, indices, metals, shares, commodities.
Over the past 2 years, EagleFX has grown into one of the leading online brokers.
After establishing in 2019, their consumer base is becoming as big as 5,000+ clients.
EagleFX is the favorite of many dealers because of its negative balance protection. Our EagleFX review discovered that they are an excellent alternative for automated trading options. They're most appropriate for investors who are looking for an assortment of assets. Social and automated trading solutions are the core at EagleFX.
Technology plays a substantial role in EagleFX. EagleFX offers trading on MT4, Web Trader, Tablet & Mobile apps. EagleFX is fair, transparent, and also a well-regulated agent by the Unregulated. Their outstanding variety of tools will be beneficial for the majority of traders. Third-party partnerships also supply in-house analysis.
The educational section at EagleFX is very enlightening for new traders as it allows them to get a closer look in the financial markets. EagleFX caters to all types of traders and are a must-have broker for any well-diversified approach to trading.
If you feel that EagleFX is not right for you then at the bottom of this EagleFX review you wil find a lot of alternatives to EagleFX.
Everything you should know about trading using EagleFX
EagleFX is a dynamic platform that provides various methods of online trading. These tools cover the monetary markets substantially. Most of the brokerage platforms offer fewer approaches than EagleFX
If you wish to exchange with EagleFX, you will need a minimum deposit of $10. This deposit is required if you wish to start trading with EagleFX. This 2021 EagleFX review will guide you safely about trading with them.
EagleFX is as flexible as another brokerage platform. EagleFX is ideal for traders that want a manageable selection of cheap services. The programs offered by EagleFX are third party, white-label offerings. All traders can choose from MT4, Web Trader, Tablet & Mobile apps.
Along with everything, EagleFX has multiple benefits to new and verteran traders and should be investigated. There is no minimum time on which a trade must be kept open. The agents provide premium client service which rewards clients with advantages.
Many unprofessional brokers try to pressurise users into larger financing for superior services. EagleFX, on the other hand, is much more concentrated on trading volume. Dealers can expect trading conditions to be just, honest and transparent. The more lots traded by the user, the further benefits will become available.
EagleFX accounts are available around the world and provides outstanding service wherever they have customers. There are some select few countries where EagleFX accounts are not available. Traders in the following countries cannot open or use a EagleFX account:
Is EagleFX Safe To Trade With?
Established in 2019, EagleFX has been operating for 2 years, they have a head office in Dominica.
EagleFX is regulated by Unregulated. These bodies have rules that make sure that trading platforms have measures in place to keep investor's resources procured. This means that EagleFX users do not need to be worried about their money as it is segregated and safely stored in banks that are established. SSL encryption secures every user's personal information also.
You are able to make use of an option for 2 Factor Authentications (2FA) with EagleFX for increased safety. An SMS with the confirmation code will be sent to your phone. You'll be required to enter this code to log in to your account.
Another concern with financial brokers with respect to safety may be manipulation of trading. This is highly disadvantageous for consumers on these platforms. However, this is more prevalent in the case of Market Maker agents who compete with customers on the platform.
Pro's & Con's Of Trading With EagleFX
Every online trading platform will have a few ups and downs, and no EagleFX review would be complete without showing both sides. This EagleFX review covers both the pros and cons you need to know before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
- EagleFX is trusted by 5,000+ clients
- EagleFX offers Negative Balance Protection
- EagleFX doesn't charge inactivity fees
- EagleFX doesn't charge deposit fees
- EagleFX offer trading on MT4, Web Trader, Tablet & Mobile apps
- EagleFX offer 100 trading instruments
- EagleFX trades major forex pairs
- EagleFX trades minor forex pairs
- EagleFX trades exotic forex pairs
- EagleFX offers trading on cryptocurrencies
- EagleFX can communicate in
- EagleFX does not offer Guaranteed Stop Loss
- EagleFX charge withdrawal fees
- EagleFX charge CFD fees
EagleFX Review - Compare Brokers Similar To EagleFX
|Headquarters||Dominica||Poland||Republic of Vanuatu||Australia|
|Regulated By||Unregulated||Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisi??n Nacional del Mercado de Valores, Komisja Nadzoru Finansowego||Cyprus Securities and Exchange Commission (CySEC)||Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC)|
|Find Out More|
|Risk Warning||Your capital is at risk||79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.||Your capital is at risk||Losses can exceed deposits|
EagleFX Review - Regulation And Licencing In More Detail
EagleFX is regulated by Unregulated.
EagleFX, as a company, has a powerful set of rules for ensuring honest trading onto its own platform. For data encryption functions, it provides an industry-standard secure socket layer (SSL).
In accordance with the organization's privacy regulations, client information is never to be shared with any other institutions or individuals. This includes credit history and other financial information.
EagleFX Review - Awards
- At the time of writing this EagleFX review, they had not received any awards.
EagleFX Review - Minimum Deposit Required
The minimum deposit that you must deposit to begin on EagleFX is $10. This is an adequate amount for those just beginning. You can create more advanced residue as you cooperate. However, ensure you know how to make the most of your money before investing larger amounts.
EagleFX Review - Commission And Fees Explained
EagleFX is an online brokerage platform, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online brokerages are scaled much better. In other words, an internet broker is not necessarily affected by the number of customers they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.
The first kind of charges to look out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading fees. In these instances, you are spending a spread, financing rate, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are people who are charged when you hold a leveraged position for more than daily.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're billed for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, EagleFX doesn't charge high fees in comparison to other online brokers. For operations other agents fee for, they do not charge a brokerage fee, or they charge a lesser sum. This is beneficial for those who regularly exchange, such as daily or weekly trading.
However, non-trading fees billed by EagleFX are comparatively higher. Consequently, you are billed more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This EagleFX review breaks down each of the applicable non-trading charges for you in detail.
Compare broker fees against EagleFX
|Deposit Fees||No||No||No||skrill 2%, neteller 2%|
EagleFX Review - Withdrawal Fees Explained
EagleFX charges a withdrawal fee when you make a bank transfer. Each time you move money into your bank account, these withdrawal charges become applicable.
Withdrawal of money is possible at any time from the EagleFX account. It's possible to withdraw up sums to the amount of your account balance, keeping aside the perimeter used. 1 thing to keep in mind is that you don't always have to have any cash on your accounts.
In addition, the withdrawn money will be moved directly to the accounts you use to create deposits. Thus, if you used a credit card for deposits, the withdrawn money is going to be sent into the card. EagleFX will ask you to provide other withdrawal methods in case your details have changed since your deposit.
There is a minimum withdrawal amount. In the event you are withdrawing cash in different currencies from USD, a conversion fee is also important. The conversion fee will be dependent on the currency you're opting to draw in.
EagleFX Review - Inactivity Fees Explained
Understanding whether you will be charged inactivity fees is only one of the buzzing questions that run through your head when open an account with EagleFX. An inactivity fee is an amount charged to registered dealers who have not engaged in buying or selling for a while. The period considered inactive is determined by the agent.
The inactivity fee also differs from one broker to another and isn't generalized. If a traders account does not have a purchasing or selling trade, it is maintained by the agent as an inactivity charge. The traders have to pay this fee under conditions and terms they had consented while enrolling.
EagleFX doesn't charge inactivity fees so you are free to utilize your account as needed
Even if no charges are indicated by EagleFX, it is better for you to close the account if you're inactive. Inactivity fees are not only charged by brokerage companies but also many financial services.
For other trading platforms, the inactivity fee depends on the sort of account you've selected. The inactivity fee is exposed to many circumstances and needs to be revealed clearly by the broker beforehand.
EagleFX Review - Deposit Fees Explained
When you move money into your trading account by your bank account, a deposit fee can be billed by the broker. Most agents do not charge too much money for this operation.
EagleFX doesn't charge deposit fees so you are free to transfer smaller amounts of money in more regularly if needed
Depositing money on the EagleFX trading platform is simple. You just have to complete a single-user profile survey to begin depositing money into your trading account. You'll need to provide an identity proof and evidence of residency to deposit large sums.
EagleFX Review - Compare Broker Deposit Methods
What Can You trade With EagleFX?
Note: EagleFX offers a lot of different trading instruments due to regulatory restrictions in various countries. Trading instruments offered will be different based on the country of residence of the client.
EagleFX has a wide variety of over 100 instruments available for you to trade with.
If trading currency pairs is of interest to you then EagleFX offer over 50 currency pairs.
Compare EagleFX, XTB, UFX & Think Markets below.
Alternatives To EagleFX
If, after studying this EagleFX review, EagleFX does not meet your needs check out these EagleFX alternatives.
We've scoured the web to find the best alternatives to EagleFX. Click on the hyperlinks below to find out more.
Frequently Asked Questions about EagleFX
Can I try EagleFX before I buy?
Yes, you can most certainly try EagleFX before you buy. EagleFX offers demo accounts for the convenience of inexperienced traders. You can use this feature to build your faith in the system as well as yourself and your trading strategies.
If you sign up for a demonstration account on EagleFX, you will set out using a decent amount of virtual money. It is to establish a feeling of security and confidence in you until you decide to spend your own money.
With this virtual EagleFXdemo account, you can experiment at all, to whatever period you desire. You can even start positions, examine different trading strategies, and much more.
EagleFX specifies on its official site that you are able to exchange real time stocks with your demo account.
Is EagleFX safe?
You can drop all your worries since we believe that EagleFX is completely safe to use. It's in compliance with all the principles of Unregulated.
Even so, EagleFX does not provide assured stop-loss protection.
Why does EagleFX ask for my passport?
The reason that EagleFX asks for your passport when you open a live account is to ensure that it remains within the rules of its regulated bodies. Because there is a lot of money moving around the world, EagleFX has to be careful that they don't breach any money laundering laws and part of that is know as KYC (Know your customer). This means that at all times, EagleFX must know exactly who they are dealing with so that if there is any investigation they are comfortable that they are well within the law.
How can I start trading with EagleFX?
The process to start trading withEagleFX is perhaps simple enough to be a cakewalk. You need to begin by signing up on the EagleFX website. It will require you to fill in details pertaining to the credibility and security of your account.
Once you are done setting up your profile, you must deposit a minimum amount to get started. The minimum deposit for a live acocunt with EagleFX is $10. You should have a good hold over the nuances of online trading before you set out and trade with real money.
If you are confident of your knowledge and understanding, you can open an account with EagleFX.
The best way to kickstart your trading career with EagleFX is to open a demo account facility before risking any real money
What funding methods do EagleFX accept?
There are a number of methods to finance your account with EagleFX. The process is effortless and quick, with different payment methods at your fingertips.
You can use debit or credit cards ranging from Visa, Diners, and Maestro to MasterCard and Visa Electron. PayPal is also at your disposal for depositing funds. You must bear in mind that PayPal is not available in all place. The currencies EagleFX
Is my money safe with EagleFX?
Yes, your cash is safe and secure with EagleFX. As you already know, EagleFX works with proper conformation to. It has established lots of measures to protect all of its own investors.
EagleFX safeguards its customers' personal and sensitive information under SSL encryption. Your funds will be kept highly secure in top-tier banks.
If you want to further safeguard your account, it is possible to enable Two-Step Verification also. It takes an SMS affirmation that you access your accounts.
Is EagleFX trading good?
Yes, trading through EagleFX is a pleasant and good experience indeed. It is a great and intuitive platform with useful features for your ease. Moreover, you can also gain access to a vast collection of educational tools and assistive substance to kickstart your trading expertise.
If you are still skeptical, it is possible to open a eToro demo account and assess the trustworthiness of the platform for yourself.
Which Countries does EagleFX support?
EagleFX operates across the globe. However, due to regulations there are some countries that EagleFX do accept clients from
Is EagleFX legit?
EagleFX is a legit company headquarted in Dominica since 2019. They are regulated by Unregulated. EagleFX is an acclaimed fintech company, which operates with transparency. You will not have to bear any hidden costs or be a victim to any scams.
Is EagleFX a good broker?
EagleFX is a great broker, and its users can vouch for this. The highlight of this platform is its fast order execution on trades.
You will find the clean design of the platform along with the admirable features a pleasure to work with.
Is EagleFX a trustworthy broker?
Yes, EagleFX is a trustworthy broker. Top-tier financial authorities regulate all operations. Over 5,000+ users registered with them can reaffirm their trustable nature.
What is the minimum deposit for EagleFX?
The minimum deposit to open a live account with EagleFX is $10
How long do EagleFX withdrawals take?
Normally, withdrawal of money from EagleFX is actioned within a couple of working days but depending on the withdrawal method chosen, it could take up to 7 working days for the withdrawal from EagleFX to show in your bank account.
Are EagleFX regulated?
EagleFX are regulated by Unregulated
Is EagleFX a market leading broker?
EagleFX is currently among the industry leaders. It supports over 5,000+ registered users and over 2 years of expertise on its own record. They're one of the world's leading trading platforms and a dominant figure in the Fintech revolution.
It simplifies this standing to its unbelievable platform and wide range of tools plus resources so that you can put money into capital markets.
Is EagleFX a con?
No, EagleFX is not a con. They are regulated by Unregulated and must adhere to their rules. Thus, it is safe to say that EagleFX is not a scam.
Can you make money with EagleFX?
Through EagleFX, many traders make a great deal of cash. However, typically, through consistent trading, you also can make between 2% - 10% profit a month.
This may seem to be a small number, but over the entire year, this adds to a significant amount of gains. Even though EagleFX supply you all of the tools to make money, they cannot guarantee you will profit.
Does EagleFX have fees?
Yes. To start trading using EagleFX, you have to deposit $10. Particular commissions while trading additionally applies. Any processing fees from your bank will need to be incurred by you.
When was EagleFX founded?
EagleFX was founded in 2019 in Dominica. EagleFX is regulated by Unregulated.
How many people use EagleFX?
EagleFX is a globally recognised agent with 5,000+ customers.
Where is the EagleFX head office?
EagleFX has its head office in Dominica
Does EagleFX offer negative balance protection?
Yes, EagleFX has Negative Balance Protection. It is especially offered when the industry volatility keeps customers from allowing their account go into the red. In a situation like this, EagleFX offers the ability to reset a clients account balance to zero.
You are able to go through the critical terms and conditions on EagleFX's site to comprehend their policies.
Does EagleFX offer guaranteed stop loss?EagleFX regrettably, doesn't offer guaranteed stop loss. EagleFX provides an opportunity for its dealers to close their trade at their specified price. Apart from that, EagleFX does not offer guaranteed stop loss.
Does EagleFX allow scalping?Yes, EagleFX do permit scalping. Several traders throughout the world select EagleFX due to their services that are trading. They offer trading on MT4, Web Trader, Tablet & Mobile apps which let this.
Does EagleFX allow hedging?
Yes, EagleFX does allow hedging.
Can you trade energies with EagleFX?
No, unfortunately you cannot trade energy stock with EagleFX
Can you trade agricultural shares with EagleFX?
No, unfortunately you cannot trade agricultural stock with EagleFX
Can you trade cryptocurrency with EagleFX?
Yes, you can trade cryptocurrency with EagleFX
Can you trade metals with EagleFX?
No, unfortunately you cannot trade metals with EagleFX
Can you trade UK Shares with EagleFX?
No, unfortunately you cannot trade UK shares with EagleFX
Can you trade US Shares with EagleFX?
No, unfortunately you cannot trade US shares with EagleFX
Can you trade Japanese Shares with EagleFX?
No, unfortunately you cannot trade Japanese shares with EagleFX
Can you trade German Shares with EagleFX?
No, unfortunately you cannot trade German shares with EagleFX
Does EagleFX accept bank transfers?
No, EagleFX does not accept bank transfers.
Does EagleFX accept credit cards?
No, EagleFX does not accept credit cards.
Does EagleFX accept PayPal?
No, EagleFX does not accept PayPal.
Does EagleFX accept Skrill?
No, EagleFX does not accept Skrill.
Does EagleFX accept Payoneer?
No, EagleFX does not accept Payoneer.
Does EagleFX accept Neteller?
No, EagleFX does not accept Neteller.
Does EagleFX offer Live Chat customer support?
No, EagleFX does not offer customer support through live chat.
Does EagleFX offer phone customer support?
No, EagleFX does not offer customer support over the telephone.
Does EagleFX offer email customer support?
No, EagleFX does not offer customer support through email.
What languages can EagleFX communicate in?
EagleFX has the ability to communicate and support customers who speak:
Does EagleFX have a wikipedia page?
No, EagleFX does not have an official wikipedia page.
Does EagleFX offer demo accounts?
Yes, EagleFX offers demo accounts so you can learn their systems before risking any real money.