eToro vs EagleFX, Who's The Best?
Read our In-Depth eToro vs EagleFX Review - Updated for 2022
This eToro vs EagleFX review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs EagleFX review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
EagleFX Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare eToro vs EagleFX
Every online trading platform has some pros and cons, and no eToro and EagleFX review would be complete without showing both sides. Compare eToro and EagleFX to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between eToro or EagleFX. Who should you choose?
Our eToro vs EagleFX comparison contains the most recent information so you can easily compare EagleFX against eToro.
If you are a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the area of trading demands expert analyzing skills and comprehensive knowledge. You'll get proficient at all of the concepts of broker as you keep trading. For starters, you need to choose the right broker who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment program has the potential to create hefty returns. eToro and EagleFX are two such companies that will take you along with your investment to great heights. It's important to compare eToro vs EagleFX until you trust them with your money.
Our eToro vs EagleFX comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and EagleFX side by side.
Our full eToro vs EagleFX Review covers everything you need to know about trading using either eToro or EagleFX. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There is no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It's a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, initially, can set your investments at risk.
eToro and EagleFX are both brokers which have found their way successfully into the broker world. In this review, we've tried to collate a number of the vital facets of both eToro and EagleFX. This review will allow you to understand whether either EagleFX or eToro is a fantastic match for your investments or not. We have tried to breakdown all of the features and charges for your convenience.
Benefits of eToro and EagleFX Compared
eToro offers a minimum deposit of $50 while EagleFX has a $10 minimum deposit.
Why smaller minimum deposits are good and how eToro and EagleFX compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst EagleFX has around 100 available.
The more instruments you can trade on the eToro and EagleFX platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or EagleFX.
eToro and EagleFX Contact Details
Being able to contact a broker simply is important. eToro and EagleFX have the following contact details and social medias that you can use.
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| Broker | eToro | EagleFX |
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| support@etoro.com | info@eaglefx.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica |
| eToro Twitter Account | EagleFX Twitter Account | |
| eToro Facebook Page | EagleFX Facebook Page | |
| eToro Instagram Account | EagleFX Instagram Account | |
| eToro LinkedIn Page | EagleFX LinkedIn Page | |
| YouTube | eToro YouTube Channel | EagleFX YouTube Channel |
| Find Out More |
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EagleFX and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of eToro and EagleFX we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
eToro vs EagleFX - Awards
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| Broker | eToro | EagleFX |
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eToro have won numerous industry awards over the time they have been operating as a financial broker. We detail the most notable awards for eToro here.
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EagleFX have won many industry awards over the years they have been running as an online broker. We list the most recognised awards for EagleFX here.
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| Find Out More |
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eToro vs EagleFX - Frequently Asked Questions
eToro vs EagleFX - Headquarters And Year Of Founding
eToro was founded in 2007 and has its head office in Cyprus, UK.
EagleFX was founded in 2019 and has its head office in Dominica.
What is the minimum deposit for EagleFX or eToro
The minimum deposit for eToro is $50.
The minimum deposit for EagleFX is $10.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and EagleFX are a good option.
eToro vs EagleFX - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
EagleFX is regulated by Unregulated.
EagleFX is unregulated but eToro has a powerful collection of rules for ensuring honest trading onto its platforms. For information encryption purposes, they provide industry-standard secure socket layer (SSL).
In accordance with their individual privacy regulation, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eToro vs EagleFX Commission And Fees
eToro and EagleFX are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. In other words, an internet broker isn't necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly 3 types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading charges. In these instances, you're spending a spread, funding rate, or even a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those that are charged when you maintain a leveraged position for longer than a day.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither eToro or EagleFX charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who often trade, for example daily or weekly trading.
However, non-trading fees billed by eToro and EagleFX are comparatively greater. As a result, you're billed more for non-trading activities on your trading account, such as withdrawal and deposits. These are not about the sale and purchase of resources.
This eToro vs EagleFX review for 2022 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For eToro And EagleFX
What Languages Do eToro And EagleFX Support?
Being able to communicate completely with your online platform is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key part of success when trading forex.
Here you can find all the languages that both eToro and EagleFX support.
How Many Clients Do eToro and EagleFX Have?
Both eToro and EagleFX are well established with their customer base. It is really important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers eToro and EagleFX are active on their platform
What Payment Methods Do eToro and EagleFX Accept?
eToro and EagleFX both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and EagleFX
What Can You Trade With eToro and EagleFX?
eToro offers 100 trading instruments while EagleFX offers 100.
Below you will find a full breakdown of what both eToro and EagleFX offer.
Compare eToro To All Other Brokers
Compare EagleFX To All Other Brokers