Eagle FX review (2022) Review
EagleFX, founded in 2018, is one of the most innovative CFD and Forex brokers rising in recent years. The new brokerage headquartered in the Commonwealth of Dominica has managed to carve out a niche for itself in the forex market by offering traders and investors all the tools they need to operate an online trading account.
- Minimum deposit: 10 USD
- Leverage: 1:500
- Spread: from 0.7 pips
- Regulator – no
The new broker prides itself on offering an ECN / STP connection without a dealing desk, providing a direct and fast connection to multiple top tier liquidity providers. EagleFX’s ECN / STP model eliminates conflicts of interest between the broker and its clients by providing a secure trading connection.
Trading instruments
The Forex broker offers a really impressive trading option. Among them you can find:
- Forex: The brokerage company offers a wide list of currencies to trade on this platform. EagleFX offers very competitive spreads on currency pairs compared to other forex brokers in the industry.
- Cryptocurrencies: the broker offers a list of no less than 31 cryptocurrencies. While most CFD brokers in the industry offer a narrow list of cryptocurrencies, EagleFX offers exotic cryptocurrency pairs, including but not limited to IOTA / USD, XMR / BTC, ZEC / USD, XRPBIT, etc.
- Commodities: The broker also offers the most popular traded commodities. These include copper, gold, palladium, platinum, US oil, UK oil and natural gas.
- Indices: EagleFX lets traders buy and sell some of the world’s most popular stock indices, including the Dow Jones 30, S&P500, NASDAQ 100, DAX 30, FTSE 100, NIKKEI 225, Euro Stoxx 50, CAC 40, AUS200, IBEX 35 and HSI (Hong Kong) 50.
Trading platform
The broker uses classical variant on the trading market, and namely MT4.
Meta Trade 4 is a customizable trading platform with 30 built-in indicators, over 2,000 free custom indicators and 700 paid indicators. Traders can contact EagleFX support team to customize the platform according to your needs and preferences.
Demo account
EagleFX offers unlimited demo accounts where current and potential clients can test the platform, practice strategies or simply work on their Forex trading skills. To open a brand-new demo account, visit their main website and click on the ‘Demo Account’ tab to in the upper right corner of the homepage. From there, you’ll be given instructions on in order to create a replacement demo account using your preferred format of MetaTrader 4.
Technical support
EagleFX boasts one of the largest and most responsive customer support teams in the industry, offering 24/7 live support and guaranteed quick response times. Day, night or weekend, a live agent is always available to help with any problems or answer any questions.
Depositing and withdrawals
EagleFX offers three quick and secure payment methods: Bitcoin, Visa/MasterCard, and wire transfer. There aren’t any fees on deposits and also the minimum deposit quantity is $10 for Bitcoin and $50 for cards or bank wire.
The withdrawal strategies include Bitcoin, Coinbase/PayPal, or MasterCard. Again, these services are fee-free and withdrawal duration is quick, typically processed at intervals one hour. The minimum withdrawal quantity via Bitcoin is ten USD/EUR/GBP.
Pros:
- Wide range of instruments
- Depositing and withdrawal with Bitcoin
- Limitless amount of deo accounts
Cons:
- Absence of regulators
- No MT5 platform
Pros / Cons
Our Score
The new broker prides itself on offering an ECN / STP connection without a dealing desk, providing a direct and fast connection to multiple top tier liquidity providers. EagleFX's ECN / STP model eliminates conflicts of interest between the broker and its clients by providing a secure trading connection.