EagleFX Review 2022: Detailed Info. | Online Forex Broker

EagleFX is a cryptocurrency STP broker which provides MT4 Platform for CFDs and Forex Trading on the number of assets along with the optimal trading conditions. The company offers high liquidity to the clients. Traders will get lavish leverage of 1:500 and good spreads in this field. EagleFX Ltd is an  outstanding STP broker and its headquarters are situated in Dominica. This company allows world wide traders on their platform. Here traders will get eye-catching ECN trading conditions and ultra fast execution speed. Explore detailed EagleFx review 2022

The MetaTrader 4 Platform is very popular for its powerful charts and analytical functions. Here the company offers 24/7 trading experience to the traders who register on Broker’s Single Live account. EagleFX demo accounts are also available for traders to enhance their trading strategies and skills. Here traders will get information about minimum deposit, demo accounts, commission and spread, account opening details, etc.

EagleFX is Dominica based an unregulated broker. Traders must keep this thing in mind that unregulated brokers do not provide protection to their clients which means they keep your capital at risk. So we can say that EagleFX is not an assured legit broker.  The company uses Bitcoin Cold Storage to provide protection to the traders’ funds.

They are the Best Straight Through Processing (STP) provider which is beneficial for traders. The company gave a direct trading platform, no price manipulating, and no re-quotes along with no mid dealers. The company uses aggregation to offer the best price to their traders. 

Pros and Cons

EagleFX is a tier one liquidity provider along with zero dispute of interest on CFDs and forex trading. The company offers 24/7 live customer service. They do not ask for any deposit and withdrawal fee. EagleFX offers a withdrawal process within 30 minutes or less than that. Check here pros and cons of EagleFX Trading Platforms for more details.

Pros

  • 24/7 Cryptocurrency trading
  • 100+ trading instruments
  • Bitcoin funding
  • Competitive spread, commissions, & fast speed
  • minimum deposit of $10
  • MT4 trading platform
  • Trading tools used for conducting chart analysis
  • Flexible leverage
  • Affiliate program
  • Came in market in 2019

Cons

  • offshore broker
  • No MT5 platform
  • Not FCA regulated

Is EagleFX Scam? Regulations

As we address you before EagleFX is not an assured Legit broker. EagleFX is not run or regulated by any well known regulated firms. EagleFX is one of the new online trading platforms that was  launched in 2019.  They do not have any regulatory license which generates high risk money loss and frauds. EagleFX is a trading broker which offers services under offshore license to save operational charges. At this type of platform traders will not get any safety and security assurance at the time of hard situations.

EagleFX is a most popular trading platform in the global market. It is available in more than 188 countries. Some of the countries in which EagleFX is available are Asia, Oceania, Europe, Africa, UK, Germany, South Africa, Australia, Thailand, and China.

EagleFX Review: Trading Account Types

The Eagle FX company offers five types of different accounts which are based on client requirements. Here traders will get a MT4 platform for trading over 100+platforms.

  • Demo Account
  • Mini Account
  • Micro Account
  • Standard Account
  • STP Account

EagleFX Review: Account Opening

Trading Account opening process of EagleFX platform is very smooth and simple.

  • First, Select which account you would like to open from a demo account or live trading account. When you click on the account opening option a new page will open.
  • The company asks you for some personal details such as first name, last name, email address, date of birth, phone number, password, country code, etc.
  • Traders can sign up with Google and Facebook also.
  • Then click on the sign in button. After that you will move on to the next page. On that page they will ask you some questions related to trading.
  • After completing this question answer page, they will ask you for documents.
  • Completion of document submission process, Add minimum deposit to your live trading account.

EagleFX Review: Trading Platform

EagleFX offers MetaTrader 4 platform only which is one of the leading platforms for CFDs and forex trading. Here traders will not get other platform options such as MT5 and cTrader platform.  MetaTrader 4 provides multiple powerful interactive charts, analytical functions, and technical indicators. Clients can access the MT 4 platform from  Android, iOS, and Desktop. Traders no need to download any extra software for trading at MetaTrader 4. They can easily access MT 4 through their browser.

The company offers you three execution modes along with on time execution, market execution, pending, stop orders and a trailing stop functions.Here traders can lock trading through the one click directly from the chart.Check here EagleFX MetaTrader 4 Trading Central.

  • Adaptive Candlesticks: Different chart patterns which show essential changes in requirements and supplies.
  • Analyst  Perspectives: On going resources for leadership and key level.
  • Adaptive Divergence Convergence (ADC): Looks like MACD which is useful for shorter lengths and long term signs.

EagleFX Review: Trading Instruments

Clients will get different types of assets on EagleFX Trading Platform. Traders will get continuous 24/7 trading facility.  EagleFX uses Bitfinex as their Cryptocurrency liquidity provider (LP). Check here EagleFX assets offered by them.

  • Commodities
  • Metals
  • Energies
  • 64 stocks
  • CFDs
  • 11 indices
  • 53 Forex Currency Pairs ( cover major, minor, & exotic FX crosses)
  • 34 Cryptocurrencies- Based on Bitcoin, Bitcoin Cash, Ethereum, Eidoo, Litecoin, Dash,
  • OmiseGo, Ripple, Santiment, Monero, Metaverse, Zcash, EOS, NEO, IOTA, TRON, etc.

EagleFX Review: Commission & Spreads

EagleFX trading fees is $6 on per lot round turn as a commission. When you keep open trades overnight, they will charge a fee for swaps. They do not offer a swap free account. Live spreads are changeable at EagleFX which start from 0.1 pips. The company asks for a spread on the EUR/USD at 0.7 pips and on the NASDAQ, they ask for 1.12 pips.

EagleFX Review: Leverage

Clients will get leverage up to 1:500 depending on the assets being traded. Check here EagleFX leverage as per assets:

  • Energies – 1:200
  • Cryptocurrencies – 1:100
  • Forex – 1:500
  • Metals – 1:500
  • Stocks – 1:20
  • Indices – 1:200

EagleFX Review: Deposit and Withdrawal

The minimum Deposits required for trading at EagleFX is 10 GBP/ USD. Traders have to deposit this amount in their trading account at the time of account opening process. The company offers you a fast and easy deposit and withdrawal option. Traders have quick access to their funds because EagleFX offers same day fund transfers and withdrawals. Recently, The company offers deposit methods for Bitcoin and Instacoins. Traders can deposit and withdrawal funds via Credit Card, Debit Card, and Bank Transfer.

The EagleFX company does not charge any fee for deposition and withdrawal through Credit Card, Debit Card, Bank transfer, and Bitcoin. Clients will get an email notification when the funds will be received by EagaleFX. It takes 6 hours, when you transfer funds through a third party payment method. Clients can also transfer funds from your bitcoin wallets. The EagleFX do not charge any deposit fee for traders.

EagleFX Review: Educational and Research Support

EagleFX provides Daily market analysis and Economic Calendar to their traders. This thing will be helpful for traders in improving their trading Strategies and trading skills. Here clients will get different types of trading tools and instruments to enhance their trading experience. The company provides articles related to technical and fundamental analysis.

Economic Calendar is a very useful tool as per fundamental analysis of financial markets. It may also improve your overall strategy which decreases chances of losing money rapidly. They also provide you with a free demo trading account which makes you friendly with ups and lows of financial markets. On the Economic Calendar, traders will get the most recent news which can affect market prices. This feature is beneficial for recording price movements of assets.

EagleFX Review: Customer Support

Clients can contact EagleFX Support team through live chat, request call back, and submit tickets (Email). The fastest mode to reach them is the live chat option and traders will get replies instantly. Clients can also Email them,their response timing is 15 minutes only. Traders can talk to them on call via requesting a call back . They get back to you within 4 hours. EagleFX Customer support team is available 24/7 for the traders. Clients may also FAQ options provided on their website for more solutions.

Final Verdict:

EagleFX is a new broker in the financial market which offers MT 4 trading platform for forex trading, CFD trading and multi asset broker. The company offers more than 100+ instruments such as CFDs, forex, commodities, energies, metals, stocks, indices, etc. The initial fund deposit is 10 GBP/ USD. EagleFX They offer 24/7 customer support through call, live chat, and emails. EagleFX gives you leverage of 1:500 and may vary as per assets. Traders can open demo accounts and live trading accounts here. For more details read EagleFX review from above page.

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