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EagleFX Review and Tutorial 2021

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Facts & Figures

EagleFX is a popular trading broker offering forex, stocks, cryptos & commodities.

Awards

• FX Broker With Best Withdrawal Options 2020 – A+OZ
• Best ECN/STP Broker 2020 – FXDailyInfo
• Best Forex Broker 2020 – FXDailyInfo

Bonus None
Instruments Forex, CFDs, indices, shares, commodities, cryptocurrencies
Demo Account Yes
Min. Deposit $10
Pay Methods Bitcoin Payments, Mastercard, MoneyGram, PayPal, Paysafecard, Visa, Wire Transfer
Min. Trade 0.01 lots
Regulated By Unregulated
MetaTrader 4 Yes
MetaTrader 5 No
cTrader No
ECN Account No
DMA Account No
Mobile Apps Yes
Auto Trading Yes
Social Trading Yes
Copy Trading No
Trade Signals No
Islamic Account Yes
CFD
FTSE Spread 0.77
GBPUSD Spread 1.3
Oil Spread 0.09
Stocks Spread Variable
Leverage 1:500
Forex

Trade with leverage on the FX market.

GBPUSD Spread 1.3
EURUSD Spread 0.7
EURGBP Spread 1.4
Assets 55
Cryptocurrency

Trade on dozens of cryptocurrency coins.

Spread Floating
Coins BCH, BTC, DASH, EOS, BIT, ETP, LTC, BTC, OMG, ZEC, USDT, BCH, ETP, QTUM, XMR, DOT, ETC, IOS, NEO, SAN, ZRX, EDO, ETH, IOT, NEO, SAN, XRP, BTG, EDO, ETH, OMG, TRX, XRP
Risk Warning – Your capital is at risk

EagleFX offers FX and CFD exchanging on the MT4 stage, including records and cryptographic forms of money. Follow this survey for a breakdown of the check interaction, commissions, least stores, demo records, and the sky is the limit from there. Is EagleFX managed, or is it a trick? Discover.

EagleFX Summary

EagleFX Ltd is an honour-winning STP business with central command in Dominica. The agent is utilized by a vast number of brokers around the world, from Indonesia to Nigeria. The supplier offers alluring ECN exchanging conditions and super quick execution speeds. The organization has additionally been included in notable distributions like Forbes and Finance Magnates. 

Clients who register on the agent’s single record appreciate all day, every day exchanging on a wide assortment of resources utilizing the most well-known exchanging stage, MetaTrader 4. The proprietor and CEO have likewise presented online poker games for its clients.

MetaTrader 4 Trading Platform

The MT4 stage is accessible for all customers at EagleFX, which flaunts dynamic diagrams and logical capacities. Moreover, the viable and powerful interface permits you to exchange orders directly from the outline with only a single tick. 

Brokers can utilize three execution modes, just as a bunch of future orders and following stops. MT4 additionally empowers thorough value examination, with more than 50 pointers and graphical items, in addition to 9 distinctive periods and a news channel. 

MT4 is accessible for download on Windows PCs or can be straightforwardly from an internet browser for those utilizing Mac PCs.

Markets

There’s a decent scope of resources for exchange at EagleFX, including: 

  • Cryptocurrencies – 38 sets accessible, including Bitcoin, Ethereum, and Ripple 
  • Commodities – Precious metals and energies, including gold, silver, and oil 
  • Forex – 55 cash sets on offer, including majors, minors, and exotics 
  • Indices – 11 notable files, like the FTSE (FTSE100) and NASDAQ (NAS100) 
  • Stocks – 64 worldwide organizations including Netflix and Amazon

Spreads & Commission

Live spreads are variable at EagleFX and start from 0.1 pips. Run-of-the-mill spreads on the EUR/USD are 0.7 pips, and on the NASDAQ, they’re 1.12. 

EagleFX additionally charges commissions at $6 per part round turn. By and large, these exchanging conditions are cutthroat and similar to any semblance of XM, HugosWay and Oanda. 

The different lone expenses are trades charged when you hold open exchanges for the time being.

Leverage Review

EagleFX offers liberal influence up to 1:500 for forex and metals. Records and energies can be utilized up to 1:200, while cryptographic forms of money are accessible up to 1:100. Clients ought to know about the impacts of utilized exchanging before making a record.

Mobile Apps

EagleFX offers the MT4 portable application for iOS and Android gadgets. The application incorporates a full scope of scientific highlights, with ongoing statements and exchanging directly from the graph. The interface is outwardly engaging and simple to explore. The application is accessible in more than 20 dialects, and audits and evaluations online are acceptable. 

The iOS and APK applications can be downloaded from the App Store or Google Play.

Payments

EagleFX offers 3 quick and secure installment strategies: Bitcoin, Visa/MasterCard, and wire move. There are no charges on stores, and the base store sum is $10 for Bitcoin and $50 for cards or bank wire. 

The withdrawal strategies accessible are Bitcoin, Coinbase/PayPal, or MasterCard. Once more, these are without charge, and withdrawal times are quick and prepared within 60 minutes. The base withdrawal sum using Bitcoin is 10 USD/EUR/GBP. In addition, there is no most outstanding withdrawal limit.

Demo Account

EagleFX offers a free demo account that can be utilized for a limitless time frame. Brokers can determine their influence and virtual asset limit inside the MT4 reenactment. New dealers can profit massively from a demo account, as they permit you to put virtual exchanges without utilizing natural capital. Experienced merchants can likewise use demo records to rehearse their exchanging methodologies. When prepared, you would then be able to open a real live exchanging account.

EagleFX Welcome Bonus

EagleFX doesn’t offer any store different arrangements or comparative advancements in 2021. However, merchants could check the dealer’s site and individuals regions for future advances. Continuously see additional terms and prerequisites before you begin exchanging.

Regulation & License

EagleFX is an unregulated specialist situated in Dominica. Merchants should note that unregulated suppliers generally won’t give a lot assuming any, customer assurance. Thus, we can’t ensure EagleFX is a genuine agent. 

Regardless, EagleFX states that it utilizes Bitcoin Cold Storage to shield customer reserves. This guarantees that customer cash isn’t put away on the merchant’s web worker yet rather inside an outer stockpiling gadget, protected from programmers.

Additional Features

Other than everyday market investigation, EagleFX doesn’t offer any informational materials or exchanging counsel. However, to contend with different intermediaries, for example, Oanda, EagleFX could incorporate helpful instruments like video instructional exercises or edge-adding machines.

EagleFX Account Types

EagleFX offers one standard record type for all customers with a base store necessity of just $10. The base part size is 0.01, and the most extreme exchange size is 1,000 parcels. The intermediary likewise offers trade-free records for Islamic merchants. 

Making a live record is quick; you can enroll utilizing the online structure and affirm your email address and telephone number. There’s no KYC check measure, so merchants don’t have to present any reports. You would then be able to sign in to the part’s region and begin exchanging.

Benefits

Motivations to make a record include: 

  • Bitcoin subsidizing 
  • Poker people group 
  • $10 least store 
  • Unpredictability (VIX) 75 Index 
  • Free stores and withdrawals 
  • The broad scope of cryptographic forms of money

Drawbacks

We recognized a few disadvantages, including: 

  • Nation limitations 
  • No instructive devices 
  • Unregulated

Trading Hours

Forex markets are open 24/5, and crypto markets are available day in and day out. Definitive resource exchanging meetings can be found under ‘determinations’ in MT4. All market hours are given in GMT+3. However, the agent provides a valuable time region converter interface in the FAQs.

Customer Service

The quickest method to reach out to EagleFX is through the day in and day out live talk support. You can likewise present a ticket through the site where reactions usually are gotten in a short time. For the individuals who might like to address an individual from the group via telephone, you can present your telephone number and solicitation a get back to inside 4 hours. 

The dealer’s office address area is at 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica.

Security

EagleFX guarantees that the MT4 stage meets the most noteworthy safety guidelines, with scrambled information trade between workers. The set additionally upholds the utilization of advanced marks, just as Two-Factor Authentication (2FA) at the login page.

EagleFX Verdict

Our survey has distinguished some prominent advantages and disadvantages of exchanging with EagleFX. The intermediary offers low commissions, such as free subsidizing, quick withdrawals, and a $10 most miniature store. EagleFX is positively a decent specialist for any degree of the merchant. As it may, there are many controlled dealers out there for those looking for somewhat more significant serenity.

Accepted Countries

EagleFX acknowledges brokers from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most different nations.

Alternatives to EagleFX

If you are searching for options in contrast to EagleFX, we have incorporated a rundown of the best 5 representatives that are like EagleFX underneath. This rundown of merchants like EagleFX is arranged by likeness and includes organizations acknowledging dealers from your area. 

  • FBS – FBS is a top online intermediary offering MT4 and MT5 exchanging across a scope of instruments. 
  • OctaFX – OctaFX offers multi-resource exchanging on a scope of stages and versatile arrangements. 
  • FP Markets – FP Markets is a multi-resource merchant offering a decision of exchanging stages. 
  • RoboForex – RoboForex is a multi-resource online merchant offering amazing exchanging helpers. 
  • ThinkMarkets – ThinkMarkets is multi-managed forex and CFD intermediary

FAQ

Does EagleFX accept US clients?

EagleFX acknowledges customers internationally, including the UK and the US. Notwithstanding, dealers should watch that enlistment would not oppose their neighbourhood country law or guideline.

Does EagleFX have a bonus?

No, EagleFX doesn’t offer invite store rewards or any comparable limited-time bargain.

Is EagleFX a scam?

EagleFX is a genuine organization that has been included in a few notable distributions. The dealer additionally gets positive client audits on the web.

Is EagleFX regulated?

EagleFX doesn’t hold an administrative permit and, like this, won’t give a similar degree of security as suppliers with notable administrative bodies like the FCA or CySEC.

Does EagleFX have a ZAR account?

EagleFX doesn’t offer Rand accounts, yet you can open a record in USD, EUR, GBP, or BIT.

Does EagleFX have NASDAQ trading?

Indeed, customers can exchange on the NASDAQ alongside a small bunch of other significant trades.

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