About the company
EagleFX Ltd, based in Dominica, is an award-winning STP brokerage firm. Thousands of traders utilize the broker all across the world, from Indonesia to Nigeria. The supplier provides favorable ECN terms of trade as well as flash performance. Forbes and Finance Magnates have both written articles about the firm. This broker is not regulated. Unregulated suppliers, in general, do not provide considerable, if any, customer protection to traders. As a result, we cannot vouch that this is a trustworthy broker. The company, on the other hand, claims to use bitcoin cold storage to safeguard customer cash. This assures that the client’s funds are not saved on the broker’s web server, but rather on a secure external storage device. Users were also exposed to online poker games by the company’s owner and CEO.
All clients have access to the MT4 platform, which includes dynamic charting and analytical tools. With one click, you may trade orders right from the chart, thanks to a simple and dependable interface. Traders have the option of using three execution modes, as well as pending orders and trailing stops. MT4 also has a price analysis tool that includes over 50 indicators and chart elements, as well as 9 distinct time frames and a news feed. On Windows computers, MT4 may be downloaded, or on Mac systems, it can be viewed straight from a web browser.
The MT4 mobile app is available for iOS and Android smartphones. The software has a comprehensive range of analytical features, including real-time quotations and trading right from the chart. The user interface is pleasing to the eye and simple to use. The software is accessible in over 20 languages, and it has received positive reviews and ratings on the internet. You may get the iOS app and the Android APK from the App Store or Google Play.
The company has a good selection of assets, including Cryptocurrencies – 38 pairs, Commodities, Forex – 55 currency pairs, Indices, and Stocks.
Spreads and leverage
EagleFX’s live spreads start at 0.1 pips and go up from there. A $ 6 commission is also charged for each lot turnover by the firm. These trade terms are, on the whole, competitive. Swaps, which are paid when you hold open deals overnight, are the only additional expenses.
For currencies and commodities, the broker provides leverage of up to 1: 500. The usage of indices and energies is limited to 1: 200, whereas cryptocurrencies are limited to 1: 100.
The broker provides all clients with a single standard account type that requires only a $ 10 minimum deposit. The smallest deal size is 0.01 lots, and the largest trade size is 1000 lots. For Islamic traders, the broker also offers swap-free accounts.
The broker provides a free demo account that can be used indefinitely. In MT4 simulation, traders can set their leverage and virtual fund limit. A demo account can be extremely beneficial to new traders since it allows them to make virtual transactions without risking real money. Demo accounts can also be used by experienced traders to practice their trading methods.
EagleFX accepts three types of payments: Bitcoin, Visa/Mastercard, and bank transfer. There is no deposit fee, but you must deposit at least $ 10 in bitcoins and $ 50 in cards or wire transfers. Bitcoin, Coinbase / PayPal, or MasterCard are the withdrawal options. They are, once again, free, and withdrawals are processed quickly, usually within an hour. The minimum Bitcoin withdrawal amount is 10 USD / EUR / GBP. There is no maximum amount that can be withdrawn.
The forex market is open 24 hours a day, seven days a week, while the cryptocurrency market is open 24 hours a day, seven days a The Specifications section of MT4 contains information about certain asset trading sessions. The broker gives a good link to a time zone converter in the FAQ, but all market hours are given in GMT + 3.
- Country Restrictions
- No educational tools