Overview
| Founded: | 2019 |
| Location: | Dominica |
| Regulation: | None |
| Broker type: | STP |
| Leverage: | up to 1:500 |
| Deposit: | from 10 USD |
| Spreads: | Start from 0.1 pips |
| Platforms: | Web, MetaTrader 4 |
| Instruments: | Currencies, Crypto, Indices, Metals, Energies, Stocks |
What is Eaglefx?
EagleFX LTD is a global brokerage founded in 2019. It provides investment services to thousands of customers from 188 countries, including the United Kingdom. The firm is registered in the Commonwealth of Dominica and is an unregulated entity.
We could not find any information regarding the identity of the owner, founder, or CEO of the broker. EagleFX aims to provide great trading conditions with fast execution. The company transmits its clients’ orders directly to its liquidity providers by the STP model, without any dealing desk intervention that could cause re-quotes.
The firm advertises that it provides access to a quality pool of premier ECN liquidity, without offering more specific information. The platform’s performance can be further enhanced with the use of a VPS.
Is Eaglefx regulated?
EagleFX does not hold any regulation or authorization with any reputable regulatory body in the world, so the security of client funds is not guaranteed by these entities. Nevertheless, EagleFX purports to take stringent steps toward securing its clients’ funds. While they claim to take all necessary precautions to ensure safety, the lack of regulation implies that involving oneself with the provider will require all clients to be extra careful and cautious of the risks involved.
Accounts offered by Eaglefx
EagleFX proposes only one type of account, with a low minimum deposit amount of $10, applicable for all. This is the most convenient one if you, indeed, want to start trading from low amounts; equally, the maximum trade size is quite extensive. Besides, they do offer special swap-free accounts for Islamic traders.
Opening a live account with EagleFX is fast and straightforward. Complete the online form, confirm your email and phone number, and you’re ready to go. No documents need to be sent upon verification. Simply log in and start trading.
Trading Platforms offered by Eaglefx
EagleFX offers its customers the well-liked MetaTrader 4 (MT4) trading platform. You may download it for Windows and Mac Desktop versions, however, this might require additional installation. Still, users who are reluctant to download can also access the platform in the WebTrader version from nearly all the leading browsers. In addition, there is an MT4 mobile version made only for Android, which is downloadable in APK format but not found on the App Store.
Mobile Application
EagleFX does not possess its own app for mobile support, but you are able to do so by using the MT4 mobile app on an Android device. The app is definitely user-oriented and fully functional, but it does not contain all the features available in the desktop version. At this moment in time, the MT4 mobile app available is based on Android only; it has not been launched on the App Store for iOS. It may be available in the future, so be on the lookout.
Assets available at Eagle fx
EagleFX is a CFD-centric and spot forex trading brokerage with an offering in excess of 180 CFD assets:
- 73 unique stocks
- 10 world indices
- 55 foreign exchange pairs
- 6 commodities
- US Dollar futures
- 37 different cryptocurrencies
How to open an account with Eaglefx
To open an account with EagleFX, follow these steps:
Step 1: Go to the EagleFX website and find the account registration page.
Step 2: Fill in Personal Information.
Step 3: Click the Sign up button.
Step 4: If you already have an account, click on the provided link to sign in.
These steps will guide you through creating a live account on EagleFX.
Login with Eaglefx
You can easily log in to Eagelfx with your email and password. For a seamless experience, use the keyword Eaglefx login.
Fees, Spreads and Commissions
EagleFX operates an ECN/STP model, and for raw market spreads, it charges a £6 commission per lot round turn. Spreads do vary with market conditions and liquidity, although for the greatest part, the most liquid forex majors stand at about 0.1 pips. Glaringly, for instance, as far as the available statistics show, the EUR/USD spread is about 0.8 pips, while the EUR/GBP hovers at around 0.9 pips.
The FTSE 100 spreads at around 1.2 pips, and the Nasdaq100 (NAS100) spreads at around 1.1 pips. For other details, there are no inactivity fees. Roll-over charges accrue per position held overnight and can vary according to the type of asset.
Leverage
EagleFX, a non-regulated broker, provides high leverage rates:
- Up to 1:500 for forex and metals
- Up to 1:200 for indices and energies
- Up to 1:100 for cryptocurrencies
A margin call occurs when the margin level is 100%, and a stop out occurs at a 70% margin level. For the similar leverage, you can also check Equiity and TradeEU Global.
Withdrawals and Deposits with Eaglefx
Deposits
Deposit methods:
- Visa Mastercard
- Wire Transfer
- Bitcoin
At EagleFX, there are no deposit fees. You can deposit via Bitcoin (minimum $10) or Instacoins (minimum $50), which is a third-party Bitcoin provider. It takes 1-6 hours, depending on blockchain traffic. After you have deposited, you need to internally transfer the funds across to your MT4 account.
Withdrawals
Withdrawals methods:
- Paypal
- Bitcoin
- Coinbase
For withdrawals, Bitcoin or Coinbase Wallet with PayPal is an available option. There are no fees or charges for transactions, and withdrawals are processed instantly within 30 minutes. The minimum withdrawal is $10, with no upper limit.
Educational and research resources
Eaglefx provides a wide range of research and instructional tools on their website, such as articles and blogs, and a trading learning platform to help traders enhance their skills and knowledge.
Customer Support of Eagle fx
EagleFX has a number of customer support services:
Live Chat: Instant response for different types of queries.
Email: Submit a ticket online and receive a response back quickly, with the average response time at about 15 minutes.
Call Back: Not available directly by number, but through the “Request a Call Back” option with an average four hour wait time.
They also have an FAQ page for common questions that don’t need a live person. Our review team found the live chat to be excellent with quick response times.
Conclusion
EagleFX is a global brokerage established in 2019 and registered in the Commonwealth of Dominica. Even though it is not regulated by a credible regulatory body, it offers a lot of dedication to great trading conditions, a low minimum deposit, high leverage, and a wide range of assets. The broker functions on the popular MetaTrader 4 platform, which is available for all types of devices: web, desktop, and Android.
EagleFX offers one of the modern and best-performing methods of customer support through options like live chat, email, and call-back requests. The broker supports different educational resources that can help empower traders in skills. However, since the broker is not regulated, clients are advised to use caution as there are associated risks.
FAQs
How much is EagleFX’s minimum deposit required to start trading?
The minimum deposit required is as low as $10.
Is EagleFX regulated?
EagleFX is not regulated by any reputable regulatory body.
What trading platforms does EagleFX offer?
EagleFX offers only the MetaTrader 4 (MT4) platform, which can be used through the web, desktop, or Android.
What are the methods of funding an EagleFX account?
Deposits can be made with Bitcoin (minimum $10) and Instacoins (minimum $50).
Does EagleFX charge for any deposit or withdrawal?
No, EagleFX does not charge for any deposit or withdrawal.
What are the leverages offered by EagleFX?
A maximum of 1:500 for forex and metals, 1:200 for indices and energies, and 1:100 for cryptocurrencies.
How do I contact EagleFX customer support?
Three contact ways are available: live chat, email, and request for a call back, offered at the EagleFX website. When using live chat, you receive instant responses, within 15 minutes for email tickets, and, in four hours, call backs.
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