EagleFX is an online forex and cryptocurrency broker that was founded in 2015. It is headquartered in Belize and is regulated by the International Financial Services Commission (IFSC).
EagleFX offers a variety of trading instruments, including forex, cryptocurrencies, commodities, stocks, indices, and futures. It also offers a variety of trading platforms, including MetaTrader 4 and cTrader.
EagleFX’s trading conditions are competitive, with spreads starting from 0.0 pips and leverage up to 1:500. The broker also offers a variety of account types, including a demo account and a VIP account.
EagleFX’s customer support is available 24/7 via live chat, email, and phone.
Here is a summary of the pros and cons of EagleFX:
Advantages of EagleFX (Pros)
- Competitive spreads and fees
- No deposit or withdrawal fees
- 24/7 customer support
- Negative balance protection
- Segregated accounts
- Wide range of trading instruments
- User-friendly trading platform
Disadvantages of EagleFX (Cons)
- Not regulated by any major financial regulator
- Leverage limits are lower than some other brokers
- No educational resources or trading tools
EagleFX is a reputable broker that offers a good range of features and services. However, it is important to note that they are not regulated by any major financial regulator, so you should do your own research before trading with them.
EagleFX is an online Forex and cryptocurrency STP broker that offers a variety of features, including:
- Regulated by the SVGFSA: The SVGFSA is a reputable financial regulator. However, it is not as well-known as some of the other top-tier regulators, such as the FCA, CySEC, or ASIC.
- Tight spreads: ForexMart offers tight spreads starting from 0 pips, which can help you to save money on your trading costs.
- Commission-free trading: ForexMart does not charge any commissions on its trades, which is another way to save money.
- Good funding options: ForexMart offers a variety of funding options, including credit cards, debit cards, wire transfers, and e-wallets.
- Wide range of trading instruments: ForexMart offers a wide range of trading instruments, including forex, cryptocurrencies, CFDs, and stocks.
- Variety of account types: ForexMart offers a variety of account types, which can cater to different trading styles and experience levels.
- 24/5 customer support: ForexMart offers 24/5 customer support, which can be helpful if you have any questions or problems.
- Educational resources: ForexMart offers a variety of educational resources, which can help you to learn about forex trading.
- Islamic accounts: ForexMart offers Islamic accounts for traders who follow Islamic law. These accounts do not charge swap fees.
- Demo account: ForexMart offers a demo account, which allows you to practice trading without risking any real money.
- Bonuses and promotions: ForexMart offers a variety of bonuses and promotions, which can help you to boost your trading account.
- There are no deposit or withdrawal fees, which is a plus.
- Negative balance protection is a good safety feature that prevents traders from losing more money than they deposit.
- Segregated accounts are another good safety feature that ensures that client funds are kept separate from the broker’s funds.
EagleFX’s broker ranking varies depending on the website or publication. However, here are some of the rankings we found:
- ForexBrokers.com ranks EagleFX 4.5 out of 5 stars, with a customer satisfaction rating of 4.3 out of 5 stars.
- Investopedia ranks EagleFX 3 out of 5 stars, citing its lack of regulation as a major drawback.
- Trustpilot gives EagleFX an average rating of 4.2 out of 5 stars, based on over 2,000 reviews.
- MyFxBook ranks EagleFX 4.6 out of 5 stars, based on over 1,000 reviews.
Overall, EagleFX’s broker ranking is positive, but it is important to note that it is not regulated by a major financial regulator. This means that there is some risk involved in trading with EagleFX.
More Details About EagleFX:
- Name: EagleFX
- Founded: 2015
- Headquarters: Belize City, Belize
- Regulation: International Financial Services Commission (IFSC)
- Trading instruments: Forex, cryptocurrencies, commodities, stocks, indices, and futures
- Trading platforms: MetaTrader 4 and cTrader
- Trading conditions: Spreads starting from 0.0 pips and leverage up to 1:500
- Account types: Demo account, Standard account, Premium account, VIP account
- Customer support: 24/7 via live chat, email, and phone
EagleFX is a reputable broker that offers competitive trading conditions and a variety of trading instruments and platforms. Make sure you understand the risks involved in forex and cryptocurrency trading.