Started with their demo account and now I’m trading for real. It’s been a journey, questrade forex but they’ve been supportive throughout. I was sceptical at first using a new broker as always, but they have been consistent, efficient and reliable. Withdrawals were always very quick and had no hidden fees. Been with EagleFX for over a year and they have been great overall.
It’s times where the chart on my forex platform does not match other charts and prices. Their excuse is they don’t use the same liquidity provider so you can’t compare. Which does make since on how I place a buy on gold and it gaps down immediately and I look on another platform and it hasn’t moved down or up. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors. 77-85% of retail investor accounts lose money when trading CFDs with the providers presented on this site. The information and videos are not investment recommendations and serve to clarify the market mechanisms.
If you ever need any assistance with your account, contact us 24/7 via LiveChat, email or request a call back at a time that suits you best. Hi, we understand that incurring a loss through your trades can be a frustrating experience. This fusion markets review movement resulted in your Margin Level falling below 70%, which is the level at which an automatic Stop-Out is triggered.
EagleFX is well-known for providing attractive and competitive ECN trading conditions with fast and reliable execution speeds. Trading Futures and Options on Futures involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Past performance is not indicative of future results.
The MT4 platform is downloadable in Google Play or App Store, either on Android or iOS devices. You can also get the same tools and features directly from the site, along with straight-from-the-chart trading and live quotes. It has striking visuals, whose user navigation is easy and straightforward. It has favorable feedback and reviews online and is currently available in twenty languages.
Deposits
Be cautious of scams, particularly when trading with unregulated brokers. Overall, EagleFX is not the best broker for traders seeking a breadth of extra features and training tools. Basic analysis and online tutorials are published on the official website.
It abides by the highest degree wherein its servers are encrypted. It also endorses the usage of digital signatures. Your personal information and accounts are amply protected from any possible online threats. It is also accessible straight from the web browser from Mac computers. It can also be downloaded via a mobile app, which will be discussed in the segment below. Once your account is instituted and protected by a hefty negative balance, losing all your money would not happen.
Timeframe
There are no market research tools available, but educational sources are decent. With articles on various trading topics and concepts, beginner traders can grasp some basic concepts. However, there are no other resources for educational purposes, and traders will have a hard time transitioning from beginner to experienced traders. It goes against our guidelines to offer incentives for reviews. We also ensure all reviews are published without moderation.
Is EagleFX Good For Day Trading?
No, but you may incur withdrawal fees from your payment processor, which are beyond the broker’s control. Deposits to the live trading account can be made in EUR, GBP, USD, and Bitcoin (BTC). According to EagleFX, it uses cold storage to ensure that client funds are kept offline away from any online threats.
- I haven’t noticed any shenanigans with the candles like you see with some other brokers.
- There is a necessary initial deposit of ten dollars.
- With the good amount of trading options and spreads i moved over to use them as my main trading account for 14 months now.
- Not my only broker but one worth considering in my opinion.
- I’ve wiped out my little retirement fund as well as my husband’s to try and get my profits.
- EagleFX is an unregulated broker based in the Dominican Republic.
These often depend on numerous factors including the spread, commissions, and margin requirements. With Bitcoin, there is a minimum amount to withdraw, which is ten dollars, and there is no maximum quantity. However, EagleFX might be the best one out there for traders of different skill sets, ranging from the beginner level, intermediate, and to the more sophisticated and advanced ones. They have the best online tools and functionalities for any interested parties willing to try it out. Another weekend withdrawal processed in under 4 hours.Loving this so far.
It’s been a learning curve, but their team’s supportive. I began using them to trade cryptos at the weekend. They have been really good so far and the withdrawals using bitcoin are within hours which is such a positive. So much so i have begun using them for my forex trading too. Hopefully things continue the same way and ill be using them more and more. EagleFX uses an advanced and sophisticated pricing system that helps to ensure that spreads closely follow prevailing global markets.
Contacted support twice and they were pretty quite in responding. There’s nothing wrong with the machinery of how they operate. There’s nothing wrong with that and it works exactly how it should. The caveat is that if you trade wrong, you could lose a much bigger fraction of your deposit very quickly, because the terms are so risky. So just be careful trading and don’t turn their quite legit service into a financial black hole. That said, EagleFX does provide certain security measures, such as providing Bitcoin Cold Storage to safeguard client funds.
