- Types of accounts
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EagleFX is a legally registered Forex broker founded in 2023 in Dominica, but not regulated by any government authorities. EagleFX broker accepts clients from all over the world, with the exception of some countries where restrictions apply.
EagleFX – regulated broker?
EagleFX is a forex and CFD trading brokerage company based in the offshore island state of Dominica, where Forex brokers' activities are usually not regulated by the state. As a consequence, such brokers can offer much more flexible trading conditions than brokers elsewhere, including much higher leverage.
What is the maximum leverage in EagleFX?
In the case of EagleFX, the maximum available leverage is 1:500 for the most liquid major currency pairs and up to 1:100 for cryptocurrency CFDs. As a result, with such leverage, you can get high profits (and losses) even with a small deposit.
What types of accounts does EagleFX offer?
EagleFX offers a single STP/ECN account.
Spreads and commissions
Unlike many other brokers, EagleFX charges a commission for all trades, regardless of how much money the trader has deposited into his account. At the time of writing this article, the current commission is $6 per lot in both directions, while the spreads are quite competitive compared to other brokers.
In addition to a number of popular currency pairs and a fairly large selection of CFDs on cryptocurrency, EagleFX also offers precious metals trading, oil and natural gas, stock indices, as well as more than 60 popular stocks. For cryptocurrency trading, the broker works with the well-known Bitfinex cryptocurrency exchange as a liquidity provider. However, for Forex and CFD trading, the name of the liquidity providers is not disclosed by the broker, which raises doubts.
As for trading platforms, EagleFX has decided to focus exclusively on the classic MT4 platform. Released back in 2005, MT4 has gathered a huge user base in the Forex trading community, and many fans still love this platform for the fact that it has a user-friendly interface and the ability to use custom indicators and Expert Advisors.
What is the minimum deposit in EagleFX?
Trading accounts in EagleFX can be replenished in a simple way using bitcoins (BTC). This can be done either directly by transferring bitcoins from your own BTC wallet, or using a third-party solution called Instacoins, which allows the trader to top up the account with credit cards or bank transfer. The minimum deposit in BTC is $ 10, and when replenishing a credit / debit card and bank transfer (via Instacoins) – $ 50.
EagleFX is an innovative broker, especially in terms of offering cryptocurrencies. The broker offers a much better choice of cryptocurrencies than most other traditional CFD brokers, and also offers these assets with a much higher leverage. Therefore, this broker can be recommended for traders who like to trade cryptocurrency on MT4.
Before choosing a broker, we recommend that you read the reviews of EagleFX, as well as see our rating of Forex brokers.
|General Information of EagleFX|
|Year of foundation||2023|
|EURUSD Spread||1.2 pips|
|Base currencies||USD, BTC|
|Assets||Currency pairs, stocks, indices, metals, cryptocurrencies|
|Deposit replenishment||BankTransfer, Visa/MasterCard, BTC|
|Payment for inaction||—|
- The year of Foundation 2019
- Head office address 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica
- Maximum leverage 1:500
- Min. Deposit $10
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , BitCoin
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , BitCoin
- Number of trading instruments 55
- The number of CFD instruments 100
- The number of metals 2