Pros
  • Bitcoin funding
  • $10 minimum deposit
  • 100+ trading instruments
  • Free deposits and withdrawals
  • 1:500 leveraged trading opportunities
  • Industry-established MT4 trading platform
  • Demo account with access to virtual funding
Cons
  • Unregulated
  • Limited educational tools
  • No negative balance protection

Reviewed broker: EagleFX

Operated by: EagleFX Ltd

Established in: 2019

Regulation: None. Please note that trading with unregulated broker is a risk of scam

Location: The Commonwealth of Dominica

STP Straight Through Processing: yes 

US Traders accepted

Trading Conditions

Trading instruments: Forex pairs, company shares, commodities and Cryptocurrencies 

Account base currency: USD, BTC, GBP, and EUR

Currency pairs: 55

Maximum leverage up to 1:500

Minimum lot 0.01

Commissions: $6 per lot 

Spreads start from 1.1 pips on majors 

Trading Platforms 

EagleFX proudly offers the award-winning MetaTrader 4 platform, complete with a variety of powerful interactive charts, analytical functions and technical indicators. Trade from virtually anywhere using MT4 for iOS and Android, or trade directly from your browser without any need to download and install software using WebTrader.

  • Choose from three trade execution modes, including Instant Execution, as well as market execution, pending, stop orders and a trailing stop function
  • Quick trading functions allow for locking in trading orders straight from the chart with just one click.
  • Built-in tick chart features provide an accurate method for locating optimal entry and exit points.
  • Using the amazing functionality of MetaTrader 4 you can utilize a wide variety of trading strategies.
  • Each symbol can be displayed in 9 timeframes, allowing you to see the price dynamics in detail.
  • 30 technical indicators and 24 graphic objects are included, allowing for the most comprehensive analysis of price movement.
  • Use the analytical capabilities of MetaTrader 4 to thoroughly analyze market movements to determine the best times to trade.

Each symbol can be displayed in 9 timeframes, allowing you to see the price dynamics in detail.

30 technical indicators and 24 graphic objects are included, allowing for the most comprehensive analysis of price movement.

Use the analytical capabilities of MetaTrader 4 to thoroughly analyze market movements to determine the best times to trade.

The MetaTrader 4 platform meets and exceeds even the highest of security standards. Data exchanged between the client terminal and the platform servers is always encrypted. Additionally, the platform supports the use of digital signatures. Rest assured that your trading accounts are secured and fully protected!

The MetaTrader 4 platform meets and exceeds even the highest of security standards. Data exchanged between the client terminal and the platform servers is always encrypted. Additionally, the platform supports the use of digital signatures. Rest assured that your trading accounts are secured and fully protected!

Demo Account

EagleFX offers a free demo account which can be used for an unlimited time. Traders can specify their own leverage and virtual fund limit within the MT4 simulation.

A paper trading profile is ideal for new or inexperienced investors to place trades completely risk-free. Experienced traders can also use demo accounts to finesse a strategy or test out a new asset.

Payment Options

Minimum deposit requirement $50

Payment methods: Wire Transfer, Credit Cards and Bitcoin. This forex Broker does not offer online payments such as Skrill, Paypal or Neteller which is a huge disadvantage for many traders who enjoy the convenience of the online wallets.

EagleFX prides itself on processing withdrawals within the same day to ensure you have rapid access to your funds. 

For Bitcoin deposits, select the Bitcoin deposit method and proceed to input the details of your deposit. You will be given a Bitcoin address to which you can send your funds and they will be loaded to your account upon receipt. The minimum deposit in BTC is $10.

For other deposit methods, select your preferred method and proceed to follow the instructions that will be provided. The minimum deposit for a Credit/Debit Card and Bank Wire Transfer is $50.

Kindly note that there are no fees for deposits or withdrawals made on our platform. However, be advised that all bitcoin transactions are subject to blockchain network and miner fees.

EagleFX Customer Support and Educational material

Representatives are available via Live Chat, Email or Phone.

There is no educational material on the broker’s website. Most information about the broker is collected in limited FAQ.

It is almost impossible to fin the physical address of the broker throughout site navigation. This is a bad sign and usually flags a scam broker.  

How was the rating of EagleFX performed compared to other brokers? 

This 2024 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on EagleFX FX broker performance and features. 

Overall our online EagleFX review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online EagleFX or you find inaccurate details EagleFX broker review please get in touch with us and the changes will be applied.  

EagleFX Details

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