EagleFX Rated 2/5

EagleFX Guide - Read our In Depth 2024 EagleFX Review

This detailed EagleFX review has been researched and fact checked by industry experts with over 30 years of financial experience in Forex, CFDs, Cryptocurrency .
*This content does not apply to US users.

Learn more about EagleFX.

Benefits of Trading with EagleFX

EagleFX Review 2024 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 about IC Markets.
learn more Learn more about IC Markets.
Losses can exceed deposits

What is EagleFX?

EagleFX are a worldwide financial trading platform and broker. founded in 2019

Over 5 years later EagleFX now serves over 5,000 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, finding a broker that meets your needs can be very time-consuming.

We will dive deep in this EagleFX review and assess how well the EagleFX platform functions in its role as an international multi asset trading platform for traders in 2024.

Visiting many broker websites, all of which have different language uses. Technical language and terminology can be confusing with brokers like EagleFX. Choosing or shortlisting a trading platform like EagleFX can be time consuming. Choosing a trading platform requires a significant amount of research and analysis. It can be challenging to understand each platform's various features and benefits, especially with a complex trading platform like EagleFX.

As a result, selecting the right trading platform like EagleFX requires a deep understanding of the market, trading strategies, and platform functionality. The task becomes even more daunting when considering the vast number of online brokers like EagleFX available, each with unique features, fees, and regulations.

In such a complex landscape, finding a reliable and trustworthy broker like EagleFX requires thorough due diligence and careful consideration. Some EagleFX trading features can be complex when trading on mobile or using the EagleFX online trading platform. Beginners and inexperienced traders must take the time to learn how to use the EagleFX trading tools properly. In our review of EagleFX we explain the pros and cons. What EagleFX offer, countries EagleFX are available in. Who EagleFX are regulated by and more.

EagleFX Review Screenshot

When it comes to online trading with brokers like EagleFX, carefully review EagleFX as your broker can make or break your success. Choosing the right broker is essential to ensure your EagleFX investments grow and flourish. However, beware of fake and unreliable brokers lurking in the shadows, waiting to take advantage of unsuspecting traders.

You must be diligent and thorough in your EagleFX review selection process to safeguard your hard-earned money. It's crucial to do your due diligence and research the reputation, track record and trust worthyness of EagleFX. You must also ensure the EagleFX broker's profile, trading tools, fees and regulation aligns with your needs and goals.

Remember, EagleFX needs to be your partner in your trading journey.

Our team has endeavored to break down the complex world of trading with EagleFX into easily digestible information in this EagleFX review. We want to ensure you have all the knowledge necessary to use the EagleFX trading tools confidently, from depositing and withdrawing funds to executing trades.

We understand that informed decisions with EagleFX are the key to successful trading, so we've provided this detailed EagleFX review. So, take a seat, grab a cup of coffee, and dive in to learn about EagleFX and how it can benefit you or if EagleFX is not for you.

Online investing with EagleFX can be just as risky as traditional offline investments. Therefore, conducting thorough research on the company you plan to invest with is crucial. If considering trading financial assets with EagleFX, evaluating the EagleFX platform is important. Evaluation includes researching the EagleFX management team, track record, and services.

As a trader, you should feel confident that your financial investments are in good hands with EagleFX. That's why it's essential to understand the EagleFX company policies and practices before making any investment decisions. By doing your due diligence and understanding EagleFX platform, you can make informed investment choices that align with your financial goals. So take the time to research EagleFX thoroughly and make the most of your online investing experience.

We aim to provide you with all the information in this EagleFX review you need to determine if EagleFX is the right fit for you. But we don't stop there - we also offer valuable insights into other great alternatives to EagleFX, so you can make a more informed decision and compare other brokers against EagleFX.

If you want to look at some EagleFX alternatives that might better fit your needs, we list and compare some of the best EagleFX alternatives further down this EagleFX review.

Trading online with EagleFX requires an understanding of what you are doing. It can be challenging and requires significant research and understanding of the EagleFX trading tools and features. You must know what you are doing when trading with EagleFX. That's why we've compiled this detailed EagleFX review with some important information that will hopefully make you more informed when online trading with EagleFX.

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. A financial asset is any security or asset that has financial value attached, tangible or intangible. 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 . The assets and products available to you on the EagleFX trading platform depends on the region of the world, you are in and the EagleFX entity you have an account.

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 considering EagleFX for your trading activities, its financial regulatory status in your region is crucial. One of the primary considerations when evaluating a broker, such as EagleFX, is to assess the broker's regulatory status and administrative body. Brokers operating without supervision from a regulatory authority are free to make their own rules, which may pose a risk to investors. Any capital you invest is at risk.

Established in 2019, and in operation for 5 years EagleFX have a head office in Dominica.

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

EagleFX withdrawal requests will be honoured. Brokers that operate under the supervision of regulatory authorities like EagleFX are subject to strict guidelines that prohibit them from manipulating market prices to their advantage. Regulatory oversight ensures brokers operate with integrity, fairness, and transparency, safeguarding investors' deposits. EagleFX are held accountable for their actions and may face severe consequences if they violate any financial regulations. If you are a client of EagleFX and wish to withdraw funds from your account, you can rest assured that your request will be processed promptly. EagleFX has a reputation for efficient and reliable fund transfers, and adhere to the rules of the financial regulators they are regulated with. When you submit a withdrawal request, EagleFX will verify your account details and process the payment within the stipulated timeframe, usually within a few business days. By partnering with a trustworthy broker like EagleFX, you can enjoy peace of mind and focus on your trading activities.

Your capital is at risk

Is my money safe with EagleFX?

All payments made to EagleFX by traders are securely held in a segregated bank account.

EagleFX uses Tier 1 banks for increased security. These banks are deemed the most reliable for client capital due to their strong core capital reserves and ability to withstand losses.

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

EagleFX partnering with Tier 1 banks offers reliability, efficient payment processing, reduced counterparty risks, and better protection for client funds. These banks are the most financially stable and secure institutions globally, with robust financial strength and high-quality risk management practices. They hold substantial core capital reserves, making them capable of handling unexpected losses and market volatility without endangering their EagleFX clients' funds.

EagleFX clients can have greater confidence in their financial security when working with a Tier 1 bank because EagleFX are subject to strict regulatory oversight and must adhere to stringent guidelines to maintain its Tier 1 status.

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

Depositing funds with EagleFX ensures that your money is held in a secure bank account with sufficient capital to meet your withdrawal requirements, even if EagleFX were to go out of business unexpectedly.

Based on the information presented, it is safe to conclude that EagleFX is a secure and safe platform.

Please be aware that trading in financial assets with EagleFX carries a risk of loss. EagleFX trading risk can occur due to inadequate market research, lack of experience, or failure to use the platform tools. It is common to experience rapid losses when trading financial investments like Forex, CFDs, Cryptocurrency due to market volatility. Therefore, you should only risk trading when you understand that your capital is at risk at any time.

EagleFX emphasizes this risk on its platform and provides clear risk warnings - Your capital is at risk. After answering some important questions about EagleFX, let's closely examine its features.

To better understand the EagleFX trading platform, you can create two separate accounts - one with real money and the other a EagleFX demo account. A EagleFX demo account provides a risk-free environment for experimenting with the EagleFX platform's features and trading strategies before risking your actual funds. This approach can help you gain experience and confidence in EagleFX trading decisions.

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 IC Markets Roboforex eToro
Year Established 2019 2007 2009 2007
Head Office Dominica Australia Belize Cyprus, UK
Regulation Unregulated Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
Used By 5,000+ EagleFX users 180,000+ IC Markets users 1,000,000+ Roboforex users 35,000,000+ eToro users
Negative balance protection Yes Yes Yes Yes
Guaranteed Stop Loss No No No No
Learn More Visit EagleFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% 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

The online broker EagleFX is not regulated by well-known bodies, although it may seem legitimate. Limited financial regulation is common for new brokers or those operating under offshore licenses to save costs. However, trading with regulated brokers is highly recommended as they may provide protection and assistance in difficult situations. If you encounter issues with EagleFX, you may not receive adequate help or recourse.

  • 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 Africa, Asia, Oceania, and Europe. Major countries EagleFX covers include the UK, Germany, South Africa, Thailand, China and Australia. 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. A currency conversion fee may be applied as withdrawals and deposits from EagleFX are conducted in USD. Any other currency will have to be converted to your local currency by your 3rd party payment provider.

EagleFX Costs To Check

Modern brokers like EagleFX provide advanced online trading platforms, mobile apps, financial analysis tools and educational resources. These services require significant investment, and in turn, EagleFX may charge clients various fees for trading activities. Be mindful of these charges, impacting your overall EagleFX trading profitability.

How EagleFX Fees Compare Against Other Brokers

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

EagleFX Minimum Deposit

EagleFX requires a minimum deposit 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.

Don't be scared off by brokers like EagleFX charging a minimum deposit to open a trading account. Brokers charging higher minimum deposits may offer additional premium services on their platforms that are not free on other platforms.

In the trading world, brokers like EagleFX, have different minimum deposit requirements based on the target audience they are trying to attract. Brokers with lower minimum deposit requirements typically cater to a more mainstream audience who don't require advanced research tools or features. On the other hand, brokers that require a larger minimum deposit often provide a greater range of trading features, more in-depth technical analysis, research tools, and better risk management features.

Some brokers may waive the minimum deposit requirement to attract new customers but may compensate for it by charging higher transaction commissions and trading fees. As the online trading market becomes more competitive, brokers have reduced their minimum deposit requirements to attract new clients.

However, it's important to note that depending on your trading account type, some brokers may require a higher minimum deposit of up to 10,000 GBP/USD. Therefore, it's essential to research and compares different brokers to determine which best suits your trading needs and budget.

EagleFX Withdrawal Fees

The fees for withdrawing funds from your EagleFX account will differ depending on your chosen payment method. Reviewing the fees associated with each payment method before making your EagleFX withdrawal request is important.

EagleFX Withdrawal rules may vary across different brokers when it comes to transferring funds from your EagleFX or other broker trading account. Each brokerage firm has its specific withdrawal methods. The payment provider associated with EagleFX may have different transfer processing fees and processing times, affecting how long it takes to receive your funds.

In addition, currency conversion fees may apply if the EagleFX withdrawal and receiving currencies differ, adding to the overall transaction costs. The currency conversion fee depends on your base currency, receiving currency, and the 3rd party payment provider that is separate from EagleFX. Researching and comparing EagleFX withdrawal policies and fees across different brokers is essential before choosing one, especially if you are withdrawing EagleFX funds frequently or dealing with large sums of money. Awareness of these EagleFX fees and policies can help you plan and budget accordingly and avoid any unpleasant surprises when transferring your EagleFX funds.

For example, EagleFX allows 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.

When a trading account goes unused for a certain period, brokerage clients may be charged an account inactivity fee. To avoid such fees, clients may need to fulfill specific trading activity requirements outlined by EagleFX terms and conditions. It's important to note that inactivity fees are not unique to online trading accounts, as many financial service companies may also charge them.

Make sure you're fully aware of all EagleFX fees and services. It's recommended that you check the EagleFX website before signing up. If you decide to close your EagleFX account, it's important to do so with the EagleFX broker customer support and obtain confirmation that no remaining EagleFX fees are due.

Brokers like EagleFX must disclose any inactivity fees as part of their regulations. The type of account and broker you sign up for, will determine whether or not you can be charged an inactivity fee under certain circumstances.

Certain brokers may levy inactivity fees to recoup the expenses associated with sustaining your account on their trading platforms when there is a shortage of commission fees earned from your trading activities.

EagleFX Deposit Fees

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

Reviewing deposit fees before initiating a transaction is imperative, as certain brokers might impose a charge for depositing funds from your payment method to your trading account. The payment method employed for funding your account might also incur a fee.

Depositing funds into your trading account may incur a fee, which could vary depending on the fiat currency used. For instance, depositing funds from a credit card can attract high fees. Additionally, not all brokers accept credit card payments for account funding. It's crucial to review the funding options and associated fees the broker provides before depositing any funds.

EagleFX Commission Fees

EagleFX does charge commission on CFD instruments.

Brokerage firms like EagleFX may charge commission fees as compensation for executing trades on behalf of traders on their trading platforms. Commission fees can vary depending on the type of financial asset being traded and the EagleFX trading account level held by the trader.

EagleFX may charge commission fees for fulfilling, modifying, or canceling an order on behalf of its clients. However, if a market order is not fulfilled, no commission fee is usually charged. Reviewing EagleFX terms and conditions to understand the commission fees and any other charges that may apply is essential.

EagleFX review
What can you trade with EagleFX?

It's essential to note that the trading instruments offered under the EagleFX brand may vary depending on the customer account holder and country of residence due to regulatory restrictions. Besides, the trading platform the customer selects may also impact the available trading instruments. Therefore, before trading, verify the EagleFX trading instruments available and the regulations governing them based on your account holder, location, and chosen platform.

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

If you want to trade currency pairs on global Forex markets, EagleFX offer over 50 currency pairs.

EagleFX Compared To Other Brokers

Compare EagleFX with IC Markets and Roboforex below.

Your capital is at risk

How EagleFX Trading Options Compare Against Other Brokers

Broker eaglefx IC Markets Roboforex eToro
Instruments Available 100 2250 100 5000
Platforms MT4, Web Trader, Tablet & Mobile apps MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies        
Forex pairs offered 50 61 35 50
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 No Yes
Commodity CFDs        
Commodities Offered 0 20 21 31
Metals No Yes Yes Yes
Energies No Yes No Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs        
Stocks Offered 0 2100 0 2042
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 IC Markets
Losses can exceed deposits
Visit Roboforex
Losses can exceed deposits
Visit eToro
51% 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 trading apps help you stay on top of your trades and execute them on the go.

See EagleFX's platforms

Is the EagleFX Trading Platform Secure?

You should take the security of your personal information seriously and check SSL encryption is enabled on the EagleFX trading platform to protect you on PC and mobile EagleFX platforms. To further enhance security, we encourage traders to always look for the lock sign on their browser when using EagleFX web trading platforms.

EagleFX Trading Platform Options

After logging into your EagleFX account, you'll find a range of trading platform options available below.

  • MetaTrader 4 (MT4)

Please be aware that EagleFX does not currently support the MetaTrader 5 (MT5) trading platform. However, if you're looking for a broker that does offer MT5, you can check out our list of recommended brokers available through the provided link.

EagleFX does not support the cTrader trading platform. However, if you're looking for a broker that does offer cTrader, you can explore other options available through the provided link.

Let's explore each of these trading platforms in detail and what options EagleFX gives you.

EagleFX review
EagleFX MetaTrader 4 (MT4)

EagleFX MetaTrader 4

EagleFX MetaTrader 4 (MT4) In Detail

MetaTrader 4, commonly known as MT4, has been a well-known and widely used trading platform in the financial markets since its inception in 2005. MT4 on EagleFX offers traders comprehensive features and tools to enhance their trading performance. The EagleFX MT4 user-friendly interface and highly customizable trading environment allow traders to tailor the EagleFX platform to their needs. One of the standout features of MT4 is its charting functionality, which allows EagleFX traders to analyze price movements and make informed trading decisions. Additionally, advanced order management tools give EagleFX traders greater control over their trades, allowing them to manage risk better and optimize their trading strategies on the MT4 EagleFX trading platform.

MetaTrader 4 (MT4) was created mainly for Forex trading, but it can also facilitate the trading of other financial instruments via CFDs and Spread Betting. You cannot trade real assets like stocks, shares, commodities, indices and ETF's on the EagleFX MetaTrader 4 (MT4) trading platform. MT4 is a platform available with EagleFX, that facilitates trading financial instruments in the form of CFD contracts or Spread bets. The EagleFX MT4 platform does not provide access to physical assets such as stocks, commodities, or ETFs for trading. EagleFX allows trading CFDs and Spread bets, which do not involve owning underlying assets but speculating on price movements, using high risk leverage. To gain more information about the MT4 Platform, click 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 PCs and Apple Macintosh computers. EagleFX MetaTrader 4 is compatible with the latest macOS. EagleFX allows traders to trade on mobile devices through Android and iOS devices like the iPhone.

Metatrader 4 Webtrader on EagleFX

MetaTrader 4 (MT4) is a widely used trading platform in the world, offering a range of advanced tools and features. Recently, MT4 has been made available as a web-based application through a web browser, enabling traders to access the platform from anywhere.

The web version of MT4 provides the same user-friendly interface and customizable trading environment as the desktop version. With MT4 web, traders can access advanced charting tools, online trading indicators, and a Dealing Desk-free trading environment.

Additionally, traders can enjoy Raw Pricing without any intervention from brokers. Overall, MT4 web is a convenient and efficient way for traders to access the platform and manage their trades.

Trade EagleFX MetaTrader 4 on iOS Devices

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

Download the Metaquotes MetaTrader 4 Program free of charge from Apple's App Store. EagleFX customers have instant access to the financial market and can completely manage a Portfolio on the go.

Trade EagleFX MetaTrader 4 on Android Devices

Millions of people worldwide use Android mobile devices and tablets, and EagleFX offers its clients access to the MetaTrader 4 platform on these devices. With the EagleFX MetaTrader 4 Android application, traders can monitor the financial markets and execute trades directly from their Android-based smartphones and tablets. This app provides access to a range of advanced trading features, allowing EagleFX traders to stay on top of their trades and react quickly to changes in the market. With the EagleFX MetaTrader 4 Android app, traders can securely manage their trades on the go, making it a convenient and efficient way to stay connected to the market.

Trade EagleFX MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators available on EagleFX are a powerful bundle of three major indicators designed to help traders make informed decisions. EagleFX MT4 Trading Central indicators include:

  • Analyst Perspectives - A valuable resource for traders seeking leadership insights and key levels.
  • Adaptive Candlesticks - This indicator is capable of identifying chart patterns that highlight significant changes in demand and supply.
  • Adaptive Divergence Convergence (ADC) - Similar to MACD, but with greater utility at shorter lengths, this indicator provides more timely signals.

Trading Centrals Alpha Generation Indicators can help EagleFX traders better understand market trends and patterns, enabling them to make more informed trading decisions. These indicators can provide valuable insights into market movements, allowing EagleFX traders to potentially stay one step ahead.

EagleFX MetaTrader 4 Advanced Trading Tools

The EagleFX MetaTrader 4 trading platform has advanced tools that enhance the overall trading experience and give EagleFX traders detailed market tools. With feature-rich trade execution and management programs, sophisticated notification alarms, messaging facilities, innovative market data, and more, EagleFX provides traders with everything they need to succeed. The EagleFX MT4 platform also includes a range of technical analysis tools, with 30 indicators built in, 2000 plus free indicators, and the availability of paid indicators, allowing EagleFX traders to analyze the market at any level of complexity.

Trade EagleFX MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal offers traders an intuitive and user-friendly dashboard to manage and monitor multiple trading accounts. This powerful tool allows traders to oversee over 128 accounts simultaneously, enabling them to place market and pending orders, view real-time market prices, and track all accounts and equity in real-time.

It's important to note that MultiTerminal only supports trading accounts on the same MetaTrader server and doesn't allow automated trading scripts such as Expert Advisors.

This tool is ideal for traders who manage several accounts simultaneously and require a more efficient and effective way to track and execute trades. You can have up to 10 demo accounts on MetaTrader 4 MultiTerminal.

EagleFX MetaTrader 4 AutoChartist

Autochartist on the EagleFX platform is a powerful tool designed to help traders find trading opportunities quickly and easily.

Available for EagleFX MetaTrader 4 Autochartist can scan the market using an expert advisor script.

With Autochartist, EagleFX traders can scan multiple markets and timeframes from a single graph, making it easy to keep track of all their preferred symbols without launching multiple graphs. Using Autochartist can save EagleFX users time and makes the trading process more efficient.

The Autochartist interface is user-friendly and can be customized to suit individual trading preferences. EagleFX traders can navigate the platform and find the information they need to make informed trading decisions.

EagleFX Autochartist is a valuable tool for traders who want to stay ahead of the curve and identify trading opportunities quickly and easily. With its powerful features and easy-to-use interface, Autochartist is an essential tool for EagleFX traders of all experience levels.

EagleFX Trading benefits

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

EagleFX Trading Accounts Offered

Below we give an overview of 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.

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

Can I try EagleFX?

EagleFX provides a demo account that enables individuals to explore trading before investing their funds. By creating a EagleFX practice account, users can gain experience and knowledge of how to trade effectively. Demo trading accounts like the EagleFX demo account can help individuals to make informed decisions before investing their money.

Open a demo EagleFX account to practice and trade.

Your capital is at risk

EagleFX withdrawal and funding methods

It's essential to remember that the payment methods provided by EagleFX vary based on the EagleFX entity and the EagleFX client's country of residence. To view the EagleFX payment options available, you can log into your EagleFX member's area.

EagleFX offers various funding payment methods listed in your EagleFX dashboard if available in your region. To learn more about the EagleFX funding and withdrawal options available in your area, you can explore the EagleFX website.

EagleFX provides several payment methods for funding your EagleFX account. You may utilize any of these deposit options if they are available in your region. EagleFX ensures that users have multiple payment methods to choose from, making it more convenient for verified EagleFX account holders to add funds to their accounts. However, it's important to note that the availability of payment methods may vary depending on the EagleFX user's location. learn more about EagleFX funding and withdrawal methods.

EagleFX Payment Methods

Some EagleFX payment methods are local and are available only to specific regions. EagleFX account holders should check which payment methods are provided in your region.
  • EagleFX accepts Electronic wallets (eWallets)
  • EagleFX accepts Credit cards
  • EagleFX accepts Bank Transfer
  • EagleFX accepts Debit cards
  • EagleFX accepts Bitcoin
Broker eaglefx IC Markets Roboforex eToro
Bank transfer Yes Yes Yes Yes
Credit Cards Yes Yes Yes Yes
Paypal No Yes No Yes
Skrill No Yes Yes Yes
Payoneer No No Yes No
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?

To open a trading account with EagleFX, individuals can sign up on the EagleFX website. Upon completing the signup process, users will receive login details via email, which they can use to access their accounts.

The next step involves submitting identification documents for EagleFX account validation and making a deposit. Once completed, EagleFX users can download the trading platform of their choice.

It's important to note that EagleFX requires users to provide essential documentation to verify their identity during onboarding and routine KYC identity checks. These checks are a standard practice that helps EagleFX maintain a trustworthy financial environment for its 5,000 users. Detailed information on the EagleFX trading platforms is available on their website.

Your capital is at risk

Performing trades with EagleFX

When using EagleFX, the minimum trade size is typically 0.01 Lot units of the base currency of the instrument being traded. However, this amount may vary based on the specific account a user has opened. EagleFX have a max trade of 100 Lot. With STP execution on the EagleFX platform, traders can anticipate tighter spreads and greater transparency when it comes to trade pricing.

One of the EagleFX platforms notable features is its claim of having no requotes, which means traders need not be concerned about slippage when executing trades (i.e., trades being executed at a price different from the intended price). No requotes can provide EagleFX traders with greater confidence and peace of mind when trading on the EagleFX platform. It's worth noting, however, that other factors, such as market volatility and liquidity, can still affect the execution of EagleFX trades.

Like other brokers, EagleFX margin requirements can differ depending on the traded instrument.

EagleFX offers traders several risk management tools and features, such as Technical analysis, Fundamental analysis, Diversification of portfolio, Negative Balance Protection, Stop losses (with trailing stop loss orders), Position sizing techniques, Price alerts, Position sizing techniques, Limit orders, Hedging strategies, amonst others. You can learn more about EagleFX, and see all of the EagleFX account features on the official EagleFX website.

CFD Trading on EagleFX

We will show you an example of the basics of using EagleFX leverage.

CFD trading on EagleFX allows traders to speculate on the price movements of various financial instruments against the broker EagleFX, without actually owning real assets. With CFDs, EagleFX traders can profit from upward and downward price movements by going long (buying) or short (selling) on an asset.

EagleFX provides CFDs which are leveraged products. For this example, let's assume a ten times leverage. So, if you have a $10,000 position, you only need to tie up $1,000 or a tenth of the value in your account. With high-risk leverage, a small sum controls a much bigger financial position.

The effect of leverage on profits and losses magnifies them in both directions. In other words, EagleFX leverage profits and losses are magnified when trading. For instance, using CFDs, you use the EagleFX trading platform to buy/sell $10,000 worth of Apple Computer Inc. If the stock rises by 10% due to positive results, your position is now worth $11,000, representing a $1,000 or 10% increase in value. This CFD trade has a 100% increase in the funds initially committed.

On the other hand, if Apple Computer Inc falls by 10%, your position worth $10,000 is now worth only $9,000, representing a $1,000 decrease. Therefore, EagleFX leverage magnifies both profits and losses in trading.

Trading CFD trades on the EagleFX platform can provide more flexibility than traditional market trades, allowing access to CFD fractional shares, international markets, and short selling. They are commonly used for short to medium-term trades, such as intraday CFD trading, but are high-risk due to their separation from the financial markets.

Experienced EagleFX traders can trade high risk CFD trades to hedge items in their portfolio.

Always be aware that CFDs are complex instruments 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

Negative balance protection is important for traders using leverage on platforms like EagleFX. In an unfavourable market move, leverage can result in a loss that exceeds the trader's account balance, leaving them with a negative account balance. If a EagleFX trading position does not go in your favour, this is where negative balance protection comes in handy.

Brokers regulated by the Financial Conduct Authority (FCA) must offer negative balance protection as a standard feature. With negative balance protection, EagleFX trading losses are always limited to the current balance of funds in the trader's account.

Even if an EagleFX trader experiences a significant loss, they will never owe more money than what is available in their EagleFX account balance.

It's important for EagleFX traders to understand the potential risks of trading with leverage and to take advantage of features like negative balance protection to mitigate those risks. By doing so, traders can trade with peace of mind, knowing that EagleFX losses are limited to the funds available in your EagleFX account when negative balance protection is in place.

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

Stop-loss orders are a popular risk management tool traders use on platforms such as EagleFX . By setting a specific price point for buying or selling a security, traders can limit their potential losses on a position.

Stop-loss orders are especially important for EagleFX traders not hedging their positions or using leverage, as they can be more vulnerable to significant losses. However, the circumstances in which an EagleFX trader should use a stop-loss order can vary depending on the specific trade and market conditions.

Overall, stop-loss orders can provide EagleFX traders with an effective way to manage risk and protect their investments in volatile markets. Stop Loss and Take Profit are not guaranteed with EagleFX, you must actively monitor your live trading portfolio and financial exposure on EagleFX.

Education Resources at EagleFX

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

EagleFX . It's essential to take the time to learn about the financial markets and understand how they move before diving into trading with EagleFX. Familiarizing yourself with the EagleFX trading platform is crucial to use it effectively.

While learning, you can also use global trading times to practice making live buy or sell trades using EagleFX. This hands-on experience can help you gain confidence and become more comfortable with trading.

Furthermore, learning how to mitigate and manage investment risk is crucial. Trading with EagleFX involves developing a strategy considering risk management techniques such as stop-loss orders, diversification, and position sizing. By effectively managing risk, you can increase your chances of success in the markets.

Learning about the financial markets, trading platforms like EagleFX, and risk management techniques can help you become a more confident and successful trader.

Take an analytical approach to trading with EagleFX. Explore the EagleFX platform and train yourself to think systematically and logically about the markets.

While it may be a new skill set for some, it is what the market requires for success. Developing your trading skills with EagleFX, before live trading.

Customer Support at EagleFX

As part of our EagleFX review, we review customer service options, response times and problem resolution effectiveness on the EagleFX trading platform. The EagleFX trading platform supports multiple languages, which includes English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish.

EagleFX Available Support Types

See how EagleFX Support Compares Against Other Brokers

Broker eaglefx IC Markets Roboforex eToro
  • 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, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more English, Chinese Simplified, Chinese Traditional, Indonesian, Malaysian, Portuguese, Spanish, Italian, Polish, Arabic, Thai, Russian, and Ukrainian English, German, Spanish, French, Italian
Learn More Visit EagleFX Visit IC Markets Visit Roboforex Visit eToro
Risk Warning Your capital is at risk Losses can exceed deposits Losses can exceed deposits 51% 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.

As a new client of EagleFX, you will be required to pass a few basic compliance checks to ensure that you fully understand the risks involved in trading and are permitted to trade with EagleFX in your region. During the EagleFX account opening process, you will be asked to provide EagleFX with certain documents, including a scanned copy of your passport, driving license or national ID, as well as a utility bill or bank statement from the past three months to verify your address.

When registering with EagleFX have the following documents available.

  • EagleFX require a scanned colour copy of your passport, driver's license or national ID card.
  • A recent utility bill or bank statement that confirms your residential address for EagleFX compliance. This must be dated within the last six months.
  • If you plan to fund your EagleFX account using a credit or debit card, you will need to provide a scanned copy of the front and back of your card. You can mask any sensitive information like the CVV code on the EagleFX platform.

It's worth noting that the expiration date of the proof of address document may differ for different entities under EagleFX Brand. Additionally, you will need to answer some basic compliance questions to confirm your level of trading experience. This process usually takes around 5 minutes, and once you've passed compliance, you can start exploring EagleFX's platform.

However, remember that you won't be able to make trades on EagleFX until you have passed compliance, which may take several days, depending on your circumstances. It's essential to complete the EagleFX KYC compliance process as soon as possible to avoid any delays in accessing the EagleFX platform's features.

It is important to note that EagleFX may request additional documents or information to verify your identity or comply with regulations. The account opening process usually takes a few minutes to complete, and you can start exploring the EagleFX platform and features immediately. However, you must pass the verification process to start live trading with EagleFX, which can take up to a few business days.

To start the process of opening an account with EagleFX you can visit the EagleFX trading platform here.
Your capital is at risk
You should consider whether you can afford to take the high risk of losing your money.

CFDs are leveraged products and can result in significant losses, excess of your invested 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 investment advice. All information collected from https://eaglefx.com/ on July 21, 2024.

Is EagleFX A Good Broker?

We have spent over 5 years examining EagleFX in depth. Although we found some very useful aspects of the EagleFX platform that would be useful to some traders. We feel that a alternative to EagleFX may better suit you.

  • EagleFX have a good track record of offering Forex, CFDs, Cryptocurrency .
  • EagleFX has a history of over 5 years.
  • EagleFX has a reasonable sized customer support of at least 10.
  • EagleFX are regulated by the Unregulated. EagleFX is subject to strict regulatory oversight from its respective jurisdiction, which holds EagleFX (the broker) accountable for misconduct. This regulatory framework helps ensure that EagleFX operates fairly and transparently and provides EagleFX customers with a safe and secure trading environment. In any disputes, the regulatory body may also act as an arbitrator to help resolve issue between you and EagleFX.
  • EagleFX have regulation from reputable regulators.
  • One of the advantages of using EagleFX is the quick processing time for deposits and withdrawals, which typically takes only 2 to 3 days. Fast withdrawals from EagleFX are particularly important as EagleFX traders want to receive their money quickly. With the efficient EagleFX payment processing system, traders can enjoy faster access to their EagleFX funds.
  • EagleFX have an international presence in multiple countries. Including local EagleFX seminars and training.
  • EagleFX can 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 such as cryptocurrency and foreign currency markets involves high risk and is unsuitable for everyone. When trading on leverage, the potential for loss is significantly higher than when dealing with just your funds. Risky trading leverage allows you to control larger positions with less capital, increasing both the potential for profit and loss.

You will be exposed to a high risk of loss regarding leverage and margin-based trading.

Furthermore, some off-exchange financial instruments and derivatives may offer varying leverage levels and may not be subject to the same regulatory protections as exchange-traded instruments. As a result, they may be subject to higher levels of market volatility and carry a higher degree of risk.

It is important to note that no investment product, technique, or strategy can guarantee profits, and past performance does not necessarily indicate future results. Any investment involves the possibility of financial loss, and it is important to carefully consider your investment objectives, risk tolerance, and financial situation before making any investment decisions.

Trading financial instruments is a high-risk activity that requires careful consideration and risk management. It is important to be aware of the potential for loss and to only invest what you can afford to lose.

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.

After extensive research over several years, we have compiled a list of the most effective EagleFX alternatives available today. If you are unsatisfied with EagleFX or want to explore other options, we recommend checking out our carefully curated list of highly-rated EagleFX alternatives. Follow the links below to learn more about these EagleFX broker alternatives and choose the one that best suits your trading needs.

Related EagleFX Vs Comparisons

Throughout our comprehensive EagleFX review, we have covered a lot of ground and provided an in-depth analysis of the platform's features and functionality.

If you're interested in comparing EagleFX against other popular brokers in the industry, check out our EagleFX Vs pages. Our team has compiled a series of detailed EagleFX comparison articles, pitting the EagleFX platform against some of the best-rated EagleFX competitors in the market. Dive into our informative EagleFX Vs pages below to find out how EagleFX stacks up against other leading brokers.

EagleFX review
EAGLEFX Frequently Asked Questions

Read our detailed EagleFX FAQ Section updated for 2024.

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 depends on the EagleFX Entity and the client's 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?

EagleFX have over 5,000 users. 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 bank's financial health and strength.Trading with EagleFX is risky, and because the market is so volatile, losses could happen at any time. Do not invest with EagleFX unless you are prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

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 5 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 doesn't mean EagleFX are awful, we recommend trading with regulated brokers.

Is EagleFX a good broker?

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

Is EagleFX trustworthy broker?

Despite any potential benefits associated with EagleFX, it is important to exercise caution when considering trading with an unregulated broker. Only trade with regulated brokers who adhere to strict industry standards and regulations. A regulated broker ensures that any funds you deposit are separate from the broker's operating funds in segregated bank accounts. A well-regulated broker cannot directly access your funds, providing added security and peace of mind. Therefore, before choosing a broker like EagleFX, check their regulatory status and ensure that money is held in a segregated account to mitigate any risks associated with unregulated trading.

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 1-5 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 brought or sold by EagleFX even if no buyer or seller is lined up.

How can I start trading with EagleFX?

When opening a trading account with EagleFX, you will need to sign up here. After completing the necessary steps of receiving login details via email, submitting identification documents for account validation, and making a deposit, the next step is downloading the preferred trading platform. For detailed guidance on EagleFX trading platforms, you can follow the link provided below: Learn more about signing up with the EagleFX trading platform here. This will provide useful information and insights into the various trading platforms offered by EagleFX, enabling you to make an informed decision about which platform to choose for your trading needs.

Is my money safe with EagleFX?

Yes your money is safe with EagleFX.

Overall, strict financial regulation is essential for ensuring that trading platforms like EagleFX operate fairly, transparently, and responsibly, which ultimately benefits all EagleFX stakeholders involved.

Trading platforms like EagleFX must have strict financial regulation for several reasons:

  • Protecting EagleFX Investors: Strict financial regulation ensures that investors who use the EagleFX trading platform are protected against fraudulent or unethical behavior by the EagleFX platform or its employees. Financial regulation can help to prevent investors from losing their money due to dishonest practices by the EagleFX platform.
  • Maintaining EagleFX Financial Stability: Strict regulation helps maintain the financial system's stability by preventing excessive risk-taking when using the EagleFX trading platform. Regulatory procedures reduce the likelihood of the EagleFX platform experiencing financial difficulties or failing, which could have ripple effects throughout the financial system.
  • Enhancing EagleFX Transparency: Regulations require trading platforms like EagleFX to maintain detailed records and disclose EagleFX client information. Financial regulatory requirements enhances transparency and helps to build trust between the EagleFX platform and its investors.

EagleFX is regulated by the Unregulated. When selecting a broker such as EagleFX, one of the most critical factors to consider is the broker's regulatory body and regulatory status. Unregulated brokers pose a direct risk to the security of their client's funds, as they operate without any oversight or regulation. In contrast, regulated brokers are subject to strict rules and regulations that prevent them from manipulating market prices or engaging in fraudulent activities. As a reputable broker, EagleFX ensures that withdrawal requests are processed promptly, demonstrating its commitment to transparency and accountability. However, brokers that violate regulatory rules can face the consequences such as losing their regulatory status in specific regions, highlighting the importance of working with a trusted, regulated broker for your trading needs like EagleFX.

Is EagleFX a con?

While we would not say that EagleFX is a con. Because a top tier financial regulator does not regulate them, 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 vary 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, 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 guaranteed 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 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 editors, 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 of experience in financial analysis, forecasting, and financial modelling, identifying new market opportunities in Stocks, CFDs, 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