EagleFX Review

EagleFX Ltd is a Dominica-based, multi-award-winning STP brokerage firm. Thousands of traders utilize the broker all across the world, from Indonesia to Nigeria. The company provides alluring ECN trading terms and lightning-fast execution times. Additionally, the business has been highlighted in well-known periodicals like Forbes and Finance Magnates.

Trading platform 

The MT4 platform, which offers analytical tools and interactive charting, is accessible to all clients. With only one click, you may place trades immediately from the chart.

Three execution modes, a list of pending orders, and trailing stops are all available to traders. Additionally, employing more than 50 indicators, charts, 9 different time frames, and a news feed, MT4 enables thorough price analysis.

On Windows systems, MT4 can be downloaded; on Mac machines, it can be viewed straight from a web browser.

Markets

There is a good selection of assets to trade, including:

  • Cryptocurrencies – 38 available pairs
  • Commodities: precious metals and energy commodities
  • Forex: 55 currency pairs on offer, including majors, minors, and exotics.
  • Indices—11 well-known indices
  • Shares of 64 global companies
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Spreads and commissions

Real spreads are variable and begin at 0.1 pip. For NASDAQ, the typical spread is 1.12 pip, and 0.7 pip for EUR/USD.

There is a $6 commission per lot round. These trading circumstances are generally competitive. Swaps, which are incurred when you place open overnight deals, are the only additional costs.

Leverage

Leverage for FX and metals is up to 1:500. While cryptocurrencies are available up to 1:100, indices and energies can be used up to 1:200. Before opening an account, users should be informed of the risks associated with leveraged trading.

Mobile applications

A full range of analytical functions, including real-time quotations and trading right from the chart, are included in the mobile MT4 software for iOS and Android smartphones. The user interface is aesthetically pleasing and simple to use. More than 20 different languages are supported by the app, and it has positive online reviews and ratings.

You can download the iOS app and APK from Google Play or the App Store.

Trading account replenishment methods

The broker provides three quick and safe payment options: bank transfer, Bitcoin, and Visa/MasterCard. The minimum deposit amount is $50 for cards or wire transfers and $10 for Bitcoin. There are no costs associated with deposits.

MasterCard, Bitcoin, and Coinbase/PayPal are the withdrawal options. Once more, they are free, and withdrawals are typically handled in a single hour. With Bitcoin, you can withdraw as little as $10/EUR/GBP. There is no upper limit on withdrawals.

Demo Account

An unlimited-use, free demo account is provided by the business. Within an MT4 simulation, traders can define their virtual fund leverage and limits. Demo accounts are extremely helpful for new traders since they let you execute fictitious deals without risking real money. Even seasoned traders can practice their trading techniques on trial accounts. You will be able to open a live trading account after everything is prepared.

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Licensing and Regulation

EagleFX is an unlicensed broker with headquarters in Dominica. Traders need to be aware that unregulated suppliers rarely, if ever, offer substantial customer protection. As a result, we are unable to vouch for the legitimacy of this broker.

To protect customer funds, the broker claims to use cold storage of bitcoin. This makes sure that client funds are held on an external storage device rather than the broker’s web server, which is hacker-proof.

Account Types

For all clients, the broker offers a single standard account type with a $10 minimum deposit. 0.01 is the minimum lot size, and 1000 lots is the maximum trading size. For Islamic traders, the broker also provides swap-free accounts.

You can register by using the online form and verifying your phone number and email address to quickly create a real account. Traders are not required to provide any documents because there is no KYC verification process. Once logged in, you can begin trading on the member’s account.

Customer Service

The 24-hour live chat is the quickest way to contact us. Applications may also be submitted via the Internet, where responses are often given within 15 minutes.

The countries that the broker works with

EagleFX accepts traders from Australia, Thailand, Canada, the United States, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and the majority of other countries.

Conclusion

Our analysis uncovered some noteworthy benefits and drawbacks to trading with EagleFX. Low commissions, free deposits, quick withdrawals, and a $10 minimum deposit are all provided by the broker.

EagleFX Ltd is a Dominica-based, multi-award-winning STP brokerage firm. Thousands of traders utilize the broker all across the world, from Indonesia to Nigeria. The company provides alluring ECN trading terms and lightning-fast execution times. Additionally, the business has been highlighted in well-known periodicals like Forbes and Finance Magnates.

The brokerage is undoubtedly a fantastic choice for traders of any experience level, but for those seeking a little more security, there are several registered brokers available.