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EagleFX is an unregulated Forex and CFDs broker that has a 3.819 rating on the FPA (Forex Peace Army) platform meaning it seems a legit and reliable broker. Despite being unregulated the broker managed to establish itself and 3.8 rank is a decent achievement on the FPA. It provides access to a multitude of trading instruments including:
- 55 Forex pairs
- 32 Crypto pairs 24/7
- 6 commodities
- 71 stock CFDs
- 10 indices
- 1 Dollar futures
The trading platform offered by EagleFX is an advanced MetaTrader 4 platform for all devices including desktop and mobile.
The minimum deposit starts from 10 USD and both deposits and withdrawals are free of charge. Deposits can be made using Bitcoin and wire transfers. For BTC the minimum deposit is 10 USD and for other methods including bank cards and wire transfers, it starts from 50 USD.
There are no inactivity fees and all types of trading styles are allowed including hedging and EAs.
EagleFX provides traders with educational resources consisting of articles explaining various concepts and peculiarities of Forex trading.
A quick overview of the EagleFX trading accounts and their features
| Live account | |
|---|---|
| Typical spreads on EUR/USD | – |
| Commissions | 6 USD per lot round turn |
| Minimum lot size | 0.01 lots |
| Maximum leverage | 1:500 |
| Trading platforms | MetaTrader 4, web trader |
EagleFX live account
EagleFX offers only one live account for all traders with 24/5 Forex trading and 24/7 Crypto trading. The broker has no other accounts and charges trading commissions of 6 USD round turn per 100k traded (1 standard lot). The commission is within the industry average of 7 USD round turn, but without opening a live account it is not possible to check the exact spreads on EUR/USD.
The maximum leverage is different for each trading asset class including 1:20 for stocks, 1:500 for Forex, metals have 1:500, indices have 1:200, energies at 1:100, and cryptos are capped at 1:100. The only downside for the EagleFX is the lack of several account types to appeal to both scalpers and swing and day traders. The WebTrader is a MT4 platform as well and the same credentials can be used for all devices.
FAQs on EagleFX account types
Is EagleFX a good broker?
Yes, EagleFX has a 3.8 score on the FPA and can be considered as a reliable broker despite being unregulated.
How much is EagleFX commission per lot?
The trading commission on the live account is 6 USD per lot round turn for each standard lot traded (100,000 units of a currency).
How do I open an EagleFX account?
To open a trading account at EagleFX visit the official website and click on the Signup button. Then choose leverage and other options and verify your account before starting to trade with real money.
