EagleFX Review – Is it a Scam or Legit Broker (2020)

In this EagleFX Review, we are going to take a look at the offer that this broker prepared for its traders. EagleFX operates on the financial market since 1995. When it comes to trading platforms, the broker features WebTrader. The EagleFX minimum deposit is 10 USD.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this EagleFX Review

Website address:eaglefx.com
Operated by: EagleFX Ltd
Licensed and authorised by regulatory bodies:
Supported languages:English
Customer support available via:E-mail, phone, live-chat
Available deposit methods:Bank transfer, VISA, MasterCard, Bitcoin
Available withdrawal methods:Bank transfer, Bitcoin, Coinbase, PayPal
Minimum deposit:10 USD
Min. trade in lots:0.01
Spreads:Variable
Tradable assets:
Might be a CFD.
Forex (55), cryptocurrencies (30)
Mobile app: Yes
MetaTrader 4:Yes
Other trading platforms:WebTrader
Maximum leverage:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions.

1:500
Social trading:No

Random reviews of competing FX & CFD brokers: RJOBrien, SwedenCap, EsterHoldings and SimpleFX

Frequently Asked Questions

🧐 Is EagleFX a Scam?

In accordance with our research, EagleFX is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that EagleFX is not a scam, read our trader reviews and check other popular trading related websites and forums.

🆓 What is the EagleFX minimum deposit?

In order to start trading with EagleFX, you have to deposit at least 10 USD.

📵 What deposit and withdrawal methods EagleFX supports?

EagleFX allows funding your account via Bank transfer, VISA, MasterCard, Bitcoin.

⚖️ Would you recommend me choosing EagleFX?

We don’t have our own personal experience with EagleFX. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. While there is a decent chance that EagleFX is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, Australia, Africa and the USA offering similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker IQ Option – 85% of retail CFD accounts lose money , which is a CySEC regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Broker Regulated by Regulatory agencies ensure that brokers operate in a transparent and honest way. They protect the best interests of clients and also feature an investor compensation scheme which protects trader´s deposits up to a certain limit. Some of the major regulators in the industry include the CySEC in Cyprus, the FCA in the UK and the ASIC in Australia. Min. deposit Trading platforms A trading platform is a computer or mobile software program used to execute transactions within the financial markets. Spreads Special features A list of features that provide a given broker with a competitive edge. Ad Disclosure The table below contains links to 3rd party websites of our top partners from whom we receive compensation at no additional cost to you.
CySEC £/€/$ 10 In-house built platform typical spread 3,0 PIPs ¹
  • User-friendly trading platform
  • International support
Start tradingRead a review
CySECFCA £/€/$ 1 MT4 & xStation 5 typical spread 0,9 PIPs¹
  • Competitive spreads
  • Great customer support
Start tradingRead a review
ASICCySECFCA £/€/$ 100 In-house built platform typical spread 0,6 PIPs ¹
  • User-friendly trading platform
  • Long-established company
Start tradingRead a review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

¹ Variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.