EagleFX Review
EagleFX Ltd, registered in the Commonwealth of Dominica (8 Copthall, Roseau Valley 00152), is a prominent brokerage firm that has made a name for itself through very competitive trading conditions and award-winning services. Established in 2018, EagleFX claims to partner with top investment banks and dark pool liquidity, ensuring that its clients benefit from the best trading conditions available.
Offering leverage options of up to 500:1 on Forex and Metals, 200:1 on Indices, and 100:1 on Cryptocurrencies and Commodities, EagleFX provides flexibility that will appeal to a broad range of traders. The company features attractively low spreads and supports various trading styles, including hedging and scalping, without restrictions.
EagleFX provides access to multiple markets, including Forex, Cryptocurrencies, Commodities, Stocks, and Indices. Traders can choose from 55 Forex pairs - including major, minor, and exotic options. In the cryptocurrency market, EagleFX supports popular pairs like BTCUSD, ETHUSD, and DOGEUSD among 32 others. Commodity trading includes metals such as XAUUSD and XAGUSD, and energies like USOil and UKOil. Stock trading features companies like Apple (AAPL), Amazon (AMZN), and Tesla (TSLA), while indices trading includes major global indices like SPX500 and GER30.
Like the majority of other forex brokers, EagleFX offers the MetaTrader 4 platform via desktop, mobile (MT4 Android), and WebTrader - allowing for seamless trading without the need for software installation.
Run by a team of seasoned professionals from the Fintech industry, EagleFX emphasizes safety and security, employing Straight Through Processing (STP) execution for rapid and reliable order processing without dealing desks or requotes. This direct and transparent execution, along with pricing aggregation, ensures the best possible rates for each trade.
Across its more than 100 assets for CFD trading the company boasts low commissions, raw spreads, and fast execution. EagleFX's mission seems to center on delivering a value-for-money trading experience, supported by extensive market expertise. The offer of 24/7 support is also a valuable feature for traders.
While the company does have an Education section on its website, this appears not to have been updated since 2022 and can certainly be improved. Another drawback for traders to consider would be the fact that EagleFX is not regulated.
Typical Spread on Majors - Live
| EUR/USD | 1.2 |
| GBP/USD | 2 |
| USD/JPY | 1.5 |
- Company Info
- Swap Comparison
- Volume Comparison
| Headquarters | Rosseau Valley, The Commonwealth of Dominica |
| Type of Broker | ECN/STP |
| Founded | 2018 |
| Regulated By | Regulated By Not Regulated |
| Offices In | Dominica |
| Supported Languages | English |
| ESMA Regulation ? | This broker is not regulated within the E.U and is not subject to ESMA's new Forex and CFD trading restrictions. To find out more about these restrictions, please see this article |
| Currencies Swap | |||
|---|---|---|---|
| Short | Long |
Type
| |
| Swap Chart for EURUSD for different FX Brokers |
|---|
| Change Currency | ||||
|---|---|---|---|---|
| Volume | ||||
| AUDCAD | 37 | |||
| AUDCHF | 23 | |||
| AUDJPY | 44 | |||
| AUDNZD | 35 | |||
| AUDUSD | 41 | |||
| CADCHF | 18 | |||
| CADJPY | 50 | |||
| CHFJPY | 34 | |||
| EURAUD | 43 | |||
| EURCAD | 18 | |||
| EURCHF | 29 | |||
| EURCZK | 8 | |||
| EURDKK | 2 | |||
| EURGBP | 31 | |||
| EURJPY | 50 | |||
| EURNOK | 40 | |||
| EURNZD | 26 | |||
| EURPLN | 14 | |||
| EURSEK | 32 | |||
| EURTRY | 18 | |||
| EURUSD | 25 | |||
| GBPAUD | 48 | |||
| GBPCAD | 12 | |||
| GBPCHF | 19 | |||
| GBPJPY | 49 | |||
| GBPNOK | 35 | |||
| GBPNZD | 31 | |||
| GBPSEK | 33 | |||
| GBPUSD | 25 | |||
| NZDCAD | 24 | |||
| NZDCHF | 20 | |||
| NZDJPY | 35 | |||
| NZDUSD | 25 | |||
| USDCAD | 23 | |||
| USDCHF | 24 | |||
| USDCZK | 22 | |||
| USDDKK | 14 | |||
| USDHKD | 6 | |||
| USDHUF | 12 | |||
| USDJPY | 77 | |||
| USDNOK | 52 | |||
| USDPLN | 12 | |||
| USDRUB | 3 | |||
| USDSEK | 36 | |||
| USDSGD | 30 | |||
| USDTRY | 2 | |||
| XAUUSD | 35 | |||
| XAGUSD | 39 | |||
| BTCUSD | 31 | |||
| ETHUSD | 40 | |||
| XRPUSD | 22 | |||
| LTCUSD | 30 | |||
| Volume Chart |
|---|
- Account Details
| Account Currencies | EUR, USD, GBP, BIT |
| Minimum Deposit | $10 |
| Traders from USA Allowed | No |
| Clients Funds Segregated | Yes |
| Interest on Margin | No |
| Islamic Accounts | No |
| ECN / STP Accounts Offered | Yes |
| Commission on STP or ECN | $6 / Lot per side |
| VIP Accounts Offered | No |
| Mini Accounts Offered | No |
| PAMM / MAM Solutions | No |
| API Solutions | No |
| Mobile Trading | Yes |
| Web Based Trading | Yes |
| Funding Methods | Credit/Debit Cards, Wire Transfer, Bitcoin, Instacoins |
| Withdrawal Methods | Bitcoin |
- Platform Details
| Platforms Offered | MetaTrader 4, MetaTrader 4 iOS, MetaTrader 4 Android, WebTrader |
| NO of Pairs | 53 |
| Cryptocurrency Trading | Yes |
| Pricing Digits | 5 |
| Trade off Charts | Yes |
| One-click Execution | Yes |
| Email Alerts | Yes |
| Mobile Alerts | Yes |
| Trading Server Time | GMT + 2 |
| Demo Account Expiry | 1 Month |
| VPS Offered | No |
- Trading Details
| Dealing Desk | No |
| Maximum Leverage | 500:1 |
| Minimum Contract Size | 0.01 |
| Execution | Market Excecution |
| Hedging | Yes |
| Scalping | Yes |
| Scalping Restrictions | No |
| Option of OCO | No |
| Option of FIFO | No |
| Negative Balance Protection | No |
- Additonal Instruments
| CFD's | Yes |
| Metals | Yes |
| Oil | Yes |
| Stocks | Yes |
| Futures | Yes |
| Indices | Yes |
- Currencies Swap
| Short | Long | Type  |
|
| AUDCAD | -1.27 | -4.63 | 0 |
| AUDCHF | -11.00 | 0.75 | 0 |
| AUDJPY | -9.62 | 6.82 | 0 |
| AUDNZD | 0.67 | -7.49 | 0 |
| AUDUSD | 0.63 | -4.91 | 0 |
| CADCHF | -10.82 | 1.92 | 0 |
| CADJPY | -21.76 | 4.21 | 0 |
| CHFJPY | -13.73 | 1.20 | 0 |
| EURAUD | 0.74 | -7.86 | 0 |
| EURCAD | 1.34 | -8.96 | 0 |
| EURCHF | -7.53 | 1.07 | 0 |
| EURCZK | -18.47 | -123.90 | 0 |
| EURDKK | -42.76 | -48.32 | 0 |
| EURGBP | 1.00 | -5.37 | 0 |
| EURJPY | -25.41 | 8.15 | 0 |
| EURNOK | -33.75 | -55.45 | 0 |
| EURNZD | -7.91 | -23.65 | 0 |
| EURPLN | -7.77 | -65.18 | 0 |
| EURSEK | -46.00 | -70.91 | 0 |
| EURTRY | -230.04 | -6802.96 | 0 |
| EURUSD | 2.21 | -6.44 | 0 |
| GBPAUD | -6.53 | 0.20 | 0 |
| GBPCAD | -3.51 | -0.95 | 0 |
| GBPCHF | -13.14 | 6.43 | 0 |
| GBPJPY | -35.11 | 15.13 | 0 |
| GBPNOK | -99.58 | -13.88 | 0 |
| GBPNZD | -9.99 | -14.30 | 0 |
| GBPSEK | -140.39 | -31.45 | 0 |
| GBPUSD | 0.10 | -3.15 | 0 |
| NZDCAD | -3.80 | -0.94 | 0 |
| NZDCHF | -9.22 | 1.03 | 0 |
| NZDJPY | -17.88 | 8.41 | 0 |
| NZDUSD | -1.98 | -1.63 | 0 |
| USDCAD | -5.66 | -0.58 | 0 |
| USDCHF | -10.30 | 3.19 | 0 |
| USDCZK | -19.25 | -63.24 | 0 |
| USDDKK | -40.30 | -39.37 | 0 |
| USDHKD | -97.29 | -45.90 | 0 |
| USDHUF | -21.00 | -23.59 | 0 |
| USDJPY | -29.00 | 15.55 | 0 |
| USDNOK | -90.74 | -13.24 | 0 |
| USDPLN | -22.00 | -28.00 | 0 |
| USDRUB | -300.00 | -2700.00 | 0 |
| USDSEK | -133.50 | -44.20 | 0 |
| USDSGD | -22.20 | -11.71 | 0 |
| USDTRY | -220.65 | -5728.88 | 0 |
| XAUUSD | 10.50 | -33.12 | 0 |
| XAGUSD | 0.79 | -5.55 | 0 |
| BTCUSD | -25.00 | -25.00 | 2 |
| ETHUSD | -25.00 | -25.00 | 2 |
| XRPUSD | -25.00 | -25.00 | 2 |
| LTCUSD | -25.00 | -25.00 | 2 | Compare Swap rates from other Brokers |
FAQ
Is EagleFX an ECN broker?
Yes, EagleFX offers both ECN and STP order processing, passing orders directly to its liquidity providers.
Where is EagleFX located?
EagleFX's registered address is Copthall, Roseau Valley 00152, The Commonwealth of Dominica.
Is EagleFX regulated?
No, EagleFX is not a regulated broker. This means it does not operate under the oversight of any financial regulatory authority.
What is the minimum deposit requirement to open a live account with EagleFX?
EagleFX does not have a minimum amount required to open a live account. However, the minimum deposit amount via Bitcoin is $10.00, while the minimum deposit amount via Instacoins is $50.00.
What deposit methods does EagleFX accept?
EagleFX accepts deposits in Bitcoin, or via InstaCoin which allows for the use of various other cryptocurrencies.
What is the maximum leverage offered by EagleFX?
EagleFX offers a maximum 500:1 leverage on Forex. This is on the higher side of leverages offered by forex brokers.
Does EagleFX accept US clients?
No EagleFX does not accept US residents as clients. They stopped accepting US clients in 2023.
Does EagleFX allow scalping?
Yes, traders at EagleFX can employ any type of trading method or trading strategy. That includes scalping, hedging, and automated trading.
What trading platforms does EagleFX offer?
EagleFX offers clients the MetaTrader 4 (MT4) platform. The MT4 platform is accessible as a downloadable desktop program, a web-based platform called WebTrader, and through a mobile app.
Does EagleFX offer PAMM?
No, currently they do not offer PAMM.
Does EagleFX have Negative Balance Protection?
No, EagleFX does not have Negative Balance Protection, although it does hold clients' funds in segregated accounts.
Does EagleFX have Swap Free Accounts?
No, EagleFX does not offer swap free accounts (also called Islamic accounts).
Does EagleFX charge inactivity fees?
No, EagleFX do not charge any inactivity fees.
Does EagleFX charge withdrawal fees?
No, EagleFX does not charge any fees on the withdrawal of funds.
EagleFX Reviews
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