EagleFX Rated 2/5

EagleFX Guide - Read our In Depth 2022 EagleFX Review

This EagleFX review was written by industry experts with over 20 years of financial experience in Forex, CFDs, Cryptocurrency .
The content in this EagleFX review does not apply to US users.

Benefits of Trading with EagleFX

EagleFX Review 2022 Quick Summary
๐Ÿ’ฐ Min Deposit 10
๐Ÿ‘ฑโ€โ™‚๏ธ Used By 5,000 EagleFX users and traders
๐Ÿ“† Founded 2019
๐ŸŒ HQ Dominica
๐Ÿ‘ฎโ€โ™‚๏ธ Regulation Unregulated
๐Ÿšซ Excluded Countries EagleFX is not available in the following countries : US, AU, CA, JP, KR, KP, SG, MU, IL, TR, IN, PK, BA, ET, UG, CU, SY, BD, NG, ID, BE, LY, MO, KE, YE, VU, GY, CD, CG, AF, LA, MZ, IQ, IR

Open EagleFX's Website

Your capital is at risk

learn more Learn more about eToro.
67% of retail investor accounts lose money when trading CFDs with this provider.

What is EagleFX?

EagleFX are a global online financial trading platform and multi asset broker founded in 2019

Over 3 years later EagleFX has grown to offering retail investors Forex trading, CFDs trading, and Cryptocurrency trading.

EagleFX are a global broker. EagleFX have a head office in Dominica.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

We will dive deep in this EagleFX review and assess how well the EagleFX platform functions in its role as an international multiple financial asset trading platform for traders in 2022.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. Choosing an online broker like EagleFX can be difficult. For a beginner, the first few hurdles can come in the form of what appears to be a complex mobile or online trading platform, hard to understand investment terminology and confusing fee structures. In our review of EagleFX we breakdown the pros and cons. What EagleFX are able to offer, what countries EagleFX are available in. Who EagleFX are regulated by and more.

EagleFX Review Screenshot

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

This is why we have taken the time to review only the best brokerage firms, their practices, their fee structure and all other important aspects. We want you to evaluate and analyse and trust your hard-earned cash with only the safest and best of brokers. We hope you find this EagleFX review useful.

This review of the EagleFX platform is very detailed. If you are interested in trading with EagleFX in any capacity please take the time to read and research the whole EagleFX review.

We have tried to explain the ins and outs of financial trading through the EagleFX platform as plainly as possible so that you the trader are as informed as possible before you start to use the EagleFX trading tools and depositing and withdrawing funds from EagleFX.

Investing online can be just as risky as any other kind of offline investment. As with any investment, it is important to know and research the company you are dealing with. When trading financial assets with EagleFX like Forex trading, CFDs trading, and Cryptocurrency trading. You should have confidence in EagleFX and know that the management of your financial investments on the EagleFX platform are in good hands.

At the bottom of this EagleFX review you can also learn about some pretty good alternatives to EagleFX

With this EagleFX review we hope to help you see if EagleFX is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding EagleFX that will help you get off to a good start in the world of online trading.

EagleFX Review Table of Contents

EagleFX review
EagleFX is a Multi-Assets Trading Platform with over 100+ Assets

Learn more about EagleFX. EagleFX is a multi asset platform with 100+ tradable Assets. Assets available on EagleFX include Forex, CFDs, Cryptocurrency .

EagleFX trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, CFDs, Cryptocurrency are considered financial assets.

Features of EagleFX

EagleFX review
What you should know

EagleFX offer three ways to trade: Forex, CFDs, Cryptocurrency .

With EagleFX you will need a minimum deposit of $10. You can sign up for a demo account to acquaint yourself with EagleFX platform.

EagleFX are able to accommodate various levels of traders whether you are experienced or a beginner.

Are EagleFX safe?

When choosing a broker like EagleFX the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 2019, and in operation for 3 years EagleFX have a head office in Dominica.

EagleFX is not regulated. This means EagleFX are not supervised by any regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to EagleFX, this will be honored.

Your capital is at risk

Is my money safe with EagleFX?

Any payments funded to EagleFX accounts by traders are held in a segregated bank account.

For added security EagleFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

What are Tier 1 banks and why should EagleFX use them?

A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.

What does it mean to have your funds in EagleFX deposited in a Tier 1 bank?

Having any money you deposit with EagleFX means that your funds are kept in a bank that has enough capital to accommodate your withdrawal wishes even if EagleFX goes out of business for some reason.

Therefore, we can safely conclude that EagleFX is secure and safe.

That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.

While trading in financial investments, losing money rapidly due to trading Forex, CFDs, Cryptocurrency is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. EagleFX also clearly state on their platform that Your capital is at risk.

Now that we have answered some important questions regarding EagleFX. let us look at the EagleFX features in more detail.

Try creating two accounts when you are working with EagleFX. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit EagleFX

Your capital is at risk

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

How EagleFX as a Company Compare Against Other Brokers

Broker eaglefx eToro IC Markets AvaTrade
Year Established 2019 2007 2007 2006
Head Office Dominica Cyprus, UK Australia Ireland
Regulation Unregulated Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) Central Bank of Ireland, Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049)
Used By 5,000+ EagleFX users 20,000,000+ eToro users 180,000+ IC Markets users 300,000+ AvaTrade users
Negative balance protection Yes Yes Yes No
Guaranteed Stop Loss No No No No
Learn More Visit EagleFX Visit eToro Visit IC Markets Visit AvaTrade
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider

EagleFX review
EagleFX Pros and Cons

What we like about EagleFX

  • Used by over 5,000 EagleFX users and traders
  • Established in 2019
  • Min. deposit from $10

What we don't like about EagleFX

EagleFX review
EagleFX Regulation and Licensing in more detail

EagleFX are not supervised or regulated by any well known regulatory bodies. Its normal to find online brokers like EagleFX that are not regulated yet appear to be legitimate.

EagleFX maybe relatively new. Some brokers provide their service under offshore licenses to save operational costs. Regulatory licensing can be very costly. We recommend only trading with regulated brokers. Should anything go wrong with EagleFX you are not guarenteed help in a difficult situation.

  • Unregulated

Is EagleFX Global?

Yes, EagleFX is global as EagleFX is available in over 188 countries.

EagleFX is a global trading platform in the sense that it operates in 188 countries including nations in Europe, Asia, Oceania, and Africa. Major countries EagleFX covers include the UK, Germany, Australia, South Africa, Thailand and China. EagleFX has a total of more than 5,000 users.

EagleFX review
EagleFX Fees Explained

  • EagleFX withdrawal fees varies on payment method
  • EagleFX does not charge a fee for inactive accounts.
  • EagleFX doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company. Brokers may charge clients various trading fees that you need to be aware of as they may affect your bottom line.

How EagleFX Fees Compare Against Other Brokers

Broker eaglefx eToro IC Markets AvaTrade
Min Deposit 10 10 200 100
Withdrawal Fees varies Yes No No
Inactivity Fees No Yes No No
Deposit Fees No No Varies No
CFD Commission Fees Yes Yes Yes No

EagleFX Minimum Deposit

EagleFX require a minimum desposit of 10 GBP/USD/EUR when opening an EagleFX trading account.

A minimum deposit is the minimum amount of money required by EagleFX to open a new online brokerage account with them.

Dont be scared off by brokers like EagleFX charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on their platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other trading fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

EagleFX Withdrawal Fees

EagleFX withdrawal fees vary depending on your selected withdrawal payment method.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your receiving currency and your payment provider.

EagleFX for example allow you to withdraw your funds to Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Bitcoin.

EagleFX Inactivity Fees

EagleFX does not charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account does not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

EagleFX Desposit Fees

EagleFX does not charge deposit fees. Although bank / 3rd party merchant fees may apply.

You must always review deposit fees as some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

EagleFX Commission Fees

EagleFX does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

EagleFX review
What can you trade with EagleFX?

Be aware that different entities under the EagleFX Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client. Additionally, the trading instruments offered by EagleFX may vary depending on the trading platform you choose to trade with.

You can trade a wide variety of instruments with EagleFX over 100 instruments infact.

If you are looking for Forex brokers to trade currency pairs on global Forex markets EagleFX offer over 50 currency pairs.

Compare EagleFX with eToro and IC Markets below.

Your capital is at risk

How EagleFX Trading Options Compare Against Other Brokers

Broker eaglefx eToro IC Markets AvaTrade
Instruments Available 100 2000 232 1250
Platforms MT4, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5
FX / Currencies        
Forex pairs offered 50 50 65 55
Major Forex pairs Yes Yes Yes Yes
Minor Forex pairs Yes Yes Yes Yes
Exotic Forex pairs Yes Yes Yes Yes
Cryptocurrencies (availability subject to regulation) Yes Yes Yes Yes
Commodity CFDs        
Commodities Offered 0 31 19 17
Metals No Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes Yes Yes
Indiced & Stock CFDs        
Stocks Offered 0 2042 110 1000
UK Shares No Yes Yes Yes
US Shares No Yes Yes Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes Yes Yes
Risk Warning Visit EagleFX
Your capital is at risk
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider.
Visit IC Markets
Losses can exceed deposits
Visit AvaTrade
71% of retail investor accounts lose money when trading CFDs with this provider

EagleFX review
Trading on EagleFX web platforms and other applications

EagleFX offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

EagleFX also offer mobile apps, for Android and iOS making it easier to keep an eye on and execute your trades while you’re on the move.

See EagleFX's platforms

Is the EagleFX Trading Platform Secure?

EagleFX safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. EagleFX also urges its clients through its web platform to always look for the SSL security sign (a lock sign) on the browser while operating EagleFX.

EagleFX Trading Platform Options

Once you have logged into your EagleFX account you will see the below trading platform options available to you.

  • MetaTrader 4 (MT4)

EagleFX does not offer the MetaTrader 5 (MT5) trading platform. If you are looking for a online platform that does support MT5 click here

EagleFX does not offer the cTrader trading platform. You can find a broker that supports cTrader here

Lets explore each of these trading platforms in detail and what options EagleFX gives you.

EagleFX review
EagleFX MetaTrader 4 (MT4)

EagleFX MetaTrader 4

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with EagleFX. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with EagleFX in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. EagleFX MetaTrader 4 is compatible with the latest macOS Mojave. EagleFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on EagleFX

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade EagleFX MetaTrader 4 on iOS Devices

You can download the EagleFX app or also trade with EagleFX through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. EagleFX customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade EagleFX MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. EagleFX provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android EagleFX MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade EagleFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

  • Analyst Perspectives - A go-to resource for leadership and key levels.
  • Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

EagleFX MetaTrader 4 Advanced Trading Tools

The EagleFX advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. EagleFX offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade EagleFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

EagleFX MetaTrader 4 AutoChartist

EagleFX Autochartist provides the world's first Market Scanner available for MT4 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

EagleFX Trading benefits

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

EagleFX Trading Accounts Offered

Below we give an overview on the account types that EagleFX offer. Whatever you are looking to trade the varying EagleFX account types will be able to provide you with what you need.

  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • STP account

Can I try EagleFX?

EagleFX offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

Your capital is at risk

EagleFX withdrawal and funding methods

Please note that the list of EagleFX payment methods below depend on the EagleFX Entity and the Clients Country of Residence.

All available EagleFX payment methods available to you can be found in your EagleFX members area checked on the EagleFX website.

EagleFX offer the below funding payment methods. You can use any of the below deposit options if available in your region. learn more about EagleFX

EagleFX Payment Methods

  • EagleFX accepts Electronic wallets (eWallets)
  • EagleFX accepts Credit cards
  • EagleFX accepts Bank Transfer
  • EagleFX accepts Debit cards
  • EagleFX accepts Bitcoin
Broker eaglefx eToro IC Markets AvaTrade
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer No Yes No Yes
Neteller No Yes Yes Yes

*please note available EagleFX and other broker payment methods depend on the clients country of residence.

How can I start trading with EagleFX?

When opening a trading account with EagleFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on EagleFX trading platforms here. You will need to provide some basic documentation to prove your identity as part of EagleFX onboarding and normal KYC identity checks. These checks are standard practice and help EagleFX provide a safe financial environment for their 5,000 users.

Your capital is at risk

Performing trades with EagleFX

EagleFX allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. EagleFX allow you to execute a maxium trade of 100 Lot. As EagleFX offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

EagleFX are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the instruments.

EagleFX also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by EagleFX here.

CFD Trading on EagleFX

let's take a look at some of the basics of using EagleFX leverage.

EagleFX offer CFD which are a leveraged product for this example we describe ten times leverage.

So you have a ten thousand dollar position but you only tie up a thousand dollars a tenth of the value on your account. You have a situation where a small sum of money is controlling a much bigger financial position. This is your leverage.

So what effect does leverage have on your profits and losses well put simply it magnifies them in both directions.

EagleFX leverage magnifies both profits and losses when trading.

Let's say for example you buy/sell ten thousand dollars worth of General Electric (GE) using contracts for difference ( CFDs ) using the EagleFX trading platform.

let's say General Electric (GE) rises 10% because its results are positive your position which was worth ten thousand dollars is now worth $11,000.

It's grown by $1000 10% in value this represents a hundred percent increase on the funds initially committed on your leverage CFD trade.

Our initital investment of ten thousand dollars for the trade and has made a thousand dollars in profit because the price is up ten percent.

The EagleFX leverage goes both ways. If General Electric (GE) Falls 10% on week results your position which was worth ten thousand dollars is now worth only nine thousand dollars. It has fallen by a thousand dollars.

EagleFX CFDs are typically used for short to medium term trades. For example EagleFX intraday CFD trading. Although high risk because CFD trades are separate from the financial markets, a CFD trade can be more flexible than a traditional market trade where you own the underlying asset. CFD trades give access to CFD fractional shares, CFD international markets and CFD short selling. More advanced traders can also use CFDs to hedge.

Always be aware that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Your capital is at risk

Limiting Your Risk When Trading with EagleFX Negative Balance Protection

We should say something about negative balance protection with EagleFX. When trading using leverage an adverse move could result in losing more than your trading account balance at EagleFX. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. Your EagleFX account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with EagleFX Stop Loss, EagleFX Stop Limit Orders

A stop-loss order is an order placed with a broker like EagleFX to buy/sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education Resources at EagleFX

To trade effectively with EagleFX, it's important to get a have a good understanding of the EagleFX trading tools and the markets. Make sure you make full use of all education tools. This includes eduction tools with EagleFX and externally.

EagleFX offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy/sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing risk.

Having an analytical approach may be a good way to approach trading with EagleFX.

Take time to look around the EagleFX platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at EagleFX

As part of our EagleFX review we review customer service options, response times and EagleFX trading platform problem resolution effectiveness.EagleFX support a wide range of languages including English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

See how EagleFX Support Compares Against Other Brokers

Broker eaglefx eToro IC Markets AvaTrade
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, German, Spanish, French, Italian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more Arabic, Simplified Chinese, Traditional Chinese, Dutch, English, Finnish, French, German, Hungarian, Italian, Indonesian, Japanese, Mongolian, Polish, Portuguese, Russian, Spanish, Swedish, Thai, Malay, Korean and Turkish
Learn More Visit EagleFX Visit eToro Visit IC Markets Visit AvaTrade
Risk Warning Your capital is at risk 67% of retail investor accounts lose money when trading CFDs with this provider. Losses can exceed deposits 71% of retail investor accounts lose money when trading CFDs with this provider

What you will need to open an account with EagleFX

As EagleFX is regulated by Unregulated, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

Be aware that the expiration date of Proof of address document for different entities under EagleFX Brand may be different.

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 5 minutes or so to complete the account opening process.

While you might be able to explore EagleFX's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with EagleFX you can visit the EagleFX trading platform here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://eaglefx.com/ on January 21, 2022.

Is EagleFX A Good Broker?

We spent over 3 months examining EagleFX in depth. Although we found some very useful aspects of the EagleFX platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative EagleFX broker.

  • EagleFX have a good track record of offering Forex, CFDs, Cryptocurrency .
  • EagleFX has a history of over 3 years.
  • EagleFX has a reasonable sized customer support of at least 10.
  • EagleFX are regulated by the Unregulated. This means EagleFX fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • EagleFX have regulation from reputable regulators.
  • EagleFX has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • EagleFX have an international presence in multiple countries. This includes local EagleFX seminars and training.
  • EagleFX are able to hire people from various locations in the world who can better communicate in your local language.

EagleFX Risk Disclosure

Your capital is at risk

Trading Risk Disclaimer

Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.

EagleFX not quite right?

If after reading this EagleFX review, EagleFX does not fulfill your needs check out these EagleFX Alternatives.

Click here to view the best EagleFX Alternatives

We have spent years researching the best alternatives to EagleFX. Click the links below to learn more.

If you feel some of the above EagleFX are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of EagleFX alternatives below.

Related EagleFX Vs Comparisons

We have covered allot in this EagleFX review, If you want to see how EagleFX compares side by side with other brokers check out our EagleFX Vs pages.

If you would like to see how EagleFX stands up against other brokers you can read some of our EagleFX comparisons below. We compare side by side some of our top rated EagleFX versus comparisons. Read our indepth EagleFX VS pages below.

EagleFX review
EAGLEFX Frequently Asked Questions

Read our detailed EagleFX FAQ Section updated for 2022.

Can I try EagleFX?

EagleFX offer a demo account so you can try the EagleFX platform with virtual trading before you put down a payment. Virtual trading with EagleFX is zero risk. Learn more here

What funding methods do EagleFX accept?

Please note that the list of payment methods below depend on the EagleFX Entity and the Clients Country of Residence.

EagleFX offer the following funding payment methods Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Bitcoin, among other payment methods.
Learn more here

Your capital is at risk

Is EagleFX safe?

While EagleFX may not be considered unsafe, they are not regulated or supervised by any major regulatory body. Depending on your trading style this may be okay. We recommend you trade with a regulated broker.Any payments funded to EagleFX accounts by traders are held in a segregated bank account. For added security EagleFX use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Your capital is at risk

Is EagleFX trading good?

EagleFX is considered good and reputable to trade with EagleFX. EagleFX is used by over 5,000 traders and EagleFX users. EagleFX offers Forex trading, CFDs trading, and Cryptocurrency trading. Minimum deposit with EagleFX is 10.

Is EagleFX trading Legit?

EagleFX was founded in Dominica in 2019. EagleFX has been facilitating trade on the financial markets for over 3 years. EagleFX offers clients Forex trading, CFDs trading, and Cryptocurrency trading. All funds deposited to EagleFX are held in segregated bank accounts for security. EagleFX is not regulated. Although this doesnt mean EagleFX are awful, we recommend trading with regulated brokers.

Is EagleFX a good broker?

EagleFX is overseen by the top tier financial regulators Unregulated so can be considered a good broker. EagleFX allows Forex trading, CFDs trading, and Cryptocurrency trading.

Is EagleFX trustworthy broker?

While having many plus points because EagleFX is not regulated we personally would not trade with them. Make any broker you trade with is regulated and places any funded money into segregated bank accounts. If your money is in a segregated bank account the broker has no direct access to your funds so cannot misappropriate your money.

What is the minimum deposit for EagleFX?

The minimum deposit to trade with EagleFX is 10.

How long do EagleFX withdrawals take?

Withdrawing money from EagleFX processing time varies depending on the method but averages 2-5 days.

Is EagleFX regulated?

EagleFX is not regulated by a top tier financial regulator.

Is EagleFX a market maker?

EagleFX is a market maker. Stocks, currency and other commodities and instruments will be purchased by EagleFX even if no buyer is lined up.

How can I start trading with EagleFX?

When opening a trading account with EagleFX, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on EagleFX trading platforms here.

Is my money safe with EagleFX?

EagleFX is regulated by the Unregulated. One of the most important criteria for traders when choosing a broker like EagleFX is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to EagleFX, this will be honored. If they violate any regulatory rules their regulated status can be stripped.

Is EagleFX a con?

While we would noy say that EagleFX is a con. Because they are not regulated by a top tier financial regulator we would not trade with them.

Can you make money with EagleFX?

Although traders have had great success with EagleFX. Trading on the financial markets with EagleFX is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.

Does EagleFX have fees?

EagleFX withdrawal fees varies on payment method.EagleFX doesn't charge inactivity fees. EagleFX doesn't charge deposit fees.

When was EagleFX founded?

EagleFX was founded in 2019.

How many people use EagleFX?

EagleFX is used by over 5,000 registered EagleFX users.

What is EagleFX Headquarters country?

EagleFX has its head quarters office in Dominica .

Does EagleFX offer negative balance protection?

EagleFX offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.

Does EagleFX offer guaranteed stop loss?

EagleFX does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

Does EagleFX allow scalping?

EagleFX offers scalping.

Does EagleFX allow hedging?

EagleFX offers hedging.

Does EagleFX offer CFD trading?

EagleFX offers CFD trading.

Does EagleFX offer STP?

EagleFX offers STP trading.

How many people use EagleFX?

EagleFX is used by over 5000 EagleFX users and traders.

Is EagleFX an ECN broker?

EagleFX does not offer ECN trading.

Does EagleFX offer a demo account?

EagleFX offers a demo account.

Does EagleFX offer an Islamic account?

EagleFX does not offer Islamic accounts.

What are the funding methods for EagleFX?

Please note that funding methods and funding options available with EagleFX can be found in the EagleFX Members area and depend on the EagleFX clientโ€™s country of residence. Please check your specific available payment methods on the EagleFX website. EagleFX accept the following funding methods : Electronic wallets (eWallets), Credit cards, Bank Transfer, Debit cards, Bitcoin.

EagleFX review written by Andrew Blumer and Mark Hansen

We hope you found our review of the EagleFX brokerage firm useful.

This article was written by our financial editor Mark Hansen and Andrew Blumer.

Mark was previously of the Kiel Insitute and has worked with financial organisations across Europe, Australia, South East Asia, South Africa and the Middle East. Mark has over 15 years experience in financial analysis, forecasting, financial modeling idenifying new market opportunities in Stocks, CFD's, Forex and Commodities.

Andrew has a well-established career in fintech and came up with comparebrokers.co to make trading on financial markets more transparent and accessible.

Whether you want to trade Forex, Stocks, Commodities or Indices we will help you find the best online broker for you from 400+ brokers for clients based in the UK, Europe, Asia, South Africa and Australia.

EagleFX review written by Mark Hansen of Comparebrokers.co