EagleFX is an online forex and cryptocurrency broker that caters to both institutional and retail traders globally. Founded in 2019, the company is not regulated by any major financial regulatory body. EagleFX offers a wide array of trading instruments including Forex pairs, commodities, indices, and cryptocurrencies.
The broker provides access to the popular MetaTrader 4 platform, which is available on desktop, web, and mobile versions. It focuses on quick trade execution, boasting of servers that execute over 90% of trades in under 30 milliseconds.
EagleFX places strong emphasis on customer support, offering 24/7 assistance. They also provide educational resources for traders of all skill levels, including webinars, articles, and tutorials.
Though unregulated, EagleFX claims to place a high priority on client fund security, employing segregated accounts to keep client funds separate from company funds.
EagleFX Broker Review
Overview
- Website: EagleFX
- Founded: 2019
- Headquarters: Not Disclosed
- Regulations: None
- Minimum Deposit: $10
- Trading Platforms: MetaTrader 4
Overall Rating: 3/5
Pros and Cons
Pros
- Low minimum deposit
- Wide array of trading instruments
- 24/7 customer support
Cons
- Lack of regulatory oversight
- Limited platform choice
Usability
MetaTrader 4 is widely known for its user-friendly interface, making it suitable for traders of all experience levels.
Features
The platform offers standard features such as advanced charting tools, a variety of technical indicators, and a range of automated trading options.
Mobile App
EagleFX offers a mobile version of the MetaTrader 4 platform, suitable for trading on the go.
Account Types
- Standard Account
- Minimum Deposit: $10
- Leverage: Up to 500:1
- Spreads: From 0.1 pips
Asset Coverage
- Forex: Major and minor currency pairs
- Cryptocurrencies: Bitcoin, Ethereum, and more
- Commodities: Oil, Gold
- Indices: Multiple global options
Customer Service
24/7 customer support available via live chat, phone, and email.
Deposit and Withdrawal
Methods
- Bitcoin, Wire Transfer, Credit Cards
Fees
- No deposit fees; withdrawal fees may apply.
Regulation and Security
EagleFX is not regulated but claims to employ industry-standard security measures, including segregated accounts for client funds.
Conclusion
While EagleFX offers a range of trading options and 24/7 customer support, the lack of regulatory oversight makes it a higher-risk option. Traders considering EagleFX should weigh the wide asset range and low minimum deposit against the potential security risks involved.
Disclaimer: Trading involves significant risk and may not be suitable for everyone. This review is for informational purposes only and should not be considered financial advice.
