The eaglefx.com website is operated by EagleFX Ltd, which is incorporated in the Commonwealth of Dominica. The company is governed by the laws of the Commonwealth of Dominica, but it is not authorized and regulated by any major financial body. EagleFX partners with many of the top investment banks and liquidity execution venues to ensure that clients always have access to the best trading conditions, the company claims. ” We always use Straight Through Processing (STP), which means that each and every trade is completed directly, with no dealing desk, no re-quotes, and no possibility of price manipulation”, it says. Clients can trade CFDs on forex, indices, commodities, shares, and cryptocurrencies with floating spreads through the popular MetaTrader 4 (MT4) platform. The lack of regulation allows the company to offer leverage up to 1:500. The minimum required deposit to start trading is just USD10.

EagleFX offers nearly 180 instruments for trading distributed as currency pairs (55), commodities (6), indices (10), shares (73) and cryptocurrencies (38). The minimum spread starts at 0.1 pips and the typical value for the EUR/USD pair is 0.7 pips.





EagleFX offers the award-winning MetaTrader 4 (MT4) platform, which provides a variety of powerful interactive charts, analytical functions, and technical indicators. Customers can trade from anywhere using MT4 for iOS and Android, or trade directly from their browser without any need to download and install software using WebTrader. They can choose between instant and market execution modes. Quick trading features allow placing orders directly from the carts. Each asset can be shown in 9 timeframes. There are 30 technical indicators and 24 graphic objects included. availableMT4 allows users to trade with custom strategies and automated trading systems through the Expert Advisors.


There is only one type of live account, so trading conditions are equal for all categories of traders. The minimum initial deposit is USD10, the minimum lot size is 0.01 and the maximum trade size is 1000 lots. The maximum leverage can be up to 1:500. EagleFX charges a commission of USD6 for every lot traded. Customers can make their deposits by card (Visa or Mastercard), bank transfer, and Bitcoin. The company does not charge fees when you deposit or withdraw. EagleFX informs that its payment team reviews and processes all withdrawal requests every hour, so withdrawals will be processed as quickly as possible. Customers can withdraw using PayPal or Bitcoin wallet.
The “Risk Disclosure” document shows that using a stop loss order helps customers to minimize their losses. Nevertheless, under certain market conditions, the realization of a stop loss order may be less favorable than its stipulated price and create larger losses. This is known as slippage. This means that all types of client’s orders are subject to slippage and stop loss orders are not guaranteed. The same document warns that in a short time frame a large loss may take place, even equaling the total of the client’s funds deposited. If such a situation arises, any negative balances are for the account of the client. However, the client will not be compelled to pay said negative balances on continuous use of the account. So, there is negative balance protection if the customer continues to use his account. However, it is not clear what will happen if the customer would like to close his account.
The “Terms and Conditions” file shows that EagleFX will not act as the execution venue and acts only as an ECN broker. This means that the company uses the Straight Through Processing (STP) model and all the client’s positions are transferred for execution to one of its execution venues. It generally makes its money from the spreads that are embedded in the price of the instruments and from the commission charged, so there is no conflict of interest.As a conclusion, EagleFX does not have any regulation and you should be incredibly careful if you decide to open an account here. It uses the STP model to execute orders and provides currency pairs, indices, commodities, shares, and cryptocurrencies as trading instruments. You can trade them via the most popular trading terminal MT4 by depositing just USD10. Keep in mind that the offered leverage of 1:500 imposes a higher risk of losses that can exceed your deposit.