EagleFX is an offshore Crypto / Forex broker, that opened in July of 2019.
Officially owned by EagleFX Ltd, they are located at: 8 Copthall, Roseau Valley 00152, Commonwealth of Dominica. They do not list a contact phone number on their website, but their email address is [email protected]. The official website is at: https://www.eaglefx.com/.
The CFTC has warned American investors not you use this broker, Read more. For broker complaints or problems with withdrawals, read this.
EagleFX Broker Review
Forex Investors and Day Traders at the broker EagleFX, can use either the MetaTrader 4 Desktop, Tablet or Mobile App trading platforms. Their list of available underlying assets for trading is officially around 80 assets. When we tested their live accounts, we only saw Forex pairs.
EagleFX offers newbie investors CFD trading on Forex / Currency pairs, Metals, Indicies and Crypto Currencies. Spreads and margin varies depending on account types and time of day. The highest leverage offered in 500:1.
Account funding is done via Instacoins. Basically, this broker only accepts deposits in Bitcoin, so you will need to buy bitcoins via Instacoins, and then it gets transferred to EagleFX.
Warning! This Broker is NOT Regulated… See the Best Licensed Brokers
Automated Trading Software
According to the Terms and Conditions at this broker, you may not use an AI system from trading.
It is categorically prohibited to take any of the following actions: Use any software, which applies artificial intelligence analysis to EagleFX’s system and Trading Platform
Most Forex Brokers that use the MT4 trading platform, also give you the option to use a free Expert Advisor (EA) plugin, which automatically trades for you. If you are interested in seeing some popular trading apps, look here.
Is EagleFX Regulated?
No, EagleFX is not a regulated or licensed broker! On July 16th 2020, the CFTC warned investors about this broker.
The way Scam Broker Investigator reviews a Forex broker to see if they are legit or a scam, is by looking for a valid brokerage firm license.
The best online brokers, are legally registered and licensed by the FCA in United Kingdom, or regulated by the CFTC in the United States. A licensed broker, gives their clients added security and of course safety of their funds.
Compare Forex Brokers
Experienced day traders and investors understand the importance of only trading with a licensed and regulated Forex broker. You have many licensed brokers to compare and choose from online, so start by reading reviews of the Best Forex brokers.
ForTrade is a popular broker, that has a license from the FCA in United Kingdom and ASIC Australia, see here. Start trading with a Free Demo Account on their amazing platform, signup here.
Are you currently investing with this broker? Please share your experience in the comments below.