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EagleFX Review: Is it legit, safe and trustworthy for UAE citizens and residents?

Because spreads and fees will be associated with every trading product, it is essential for you as a trader to have a solid understanding of how much each individual trade will cost you. Because smaller time frame traders often receive a lesser pip payout for each trade, spreads and fees are of much greater significance for these traders. EagleFx is a STP/ECN broker that offers incredibly cheap costs and spreads that are exceedingly tight, giving it a fantastic environment in which to trade. Because they are not a market maker, they do not engage in any pricing or spread manipulation in an effort to discourage trading. Instead, they simply forward your order to the liquidity providers they work with.

Visit EagleFX Website.

The trading circumstances that are provided by EagleFx are ideal for forex traders, particularly novices and scalpers who are just starting out. When it comes to conditions, this broker is genuinely exceptional because of its low spreads, access to tier 1 liquidity, swift execution speeds, and huge leverage. It is an excellent platform for beginners to experiment and learn on because the minimum investment required is only $10. Beginners may benefit from this.


The majority of forex brokers are subject to regulation by regulating organizations, which means that they must adhere to several stringent laws and regulations. Because of these restrictions, the broker, and more crucially, the customers, are protected from a variety of possible dangers. These dangers include not making payments, engaging in stop hunts, being subjected to unjust terms, and not providing clients with fund insurance or protection.


EagleFx is fully unregulated by any monetary authority despite having its headquarters in Dominica, which is part of the Commonwealth of Dominica. This indicates that your financial resources are at danger when working with this broker, and you run the risk of becoming a victim of unfair trading conditions and a lack of protection from regulatory organizations in the event that the broker defrauds you.

The broker employs Bitcoin Cold Storage to protect customer assets despite the fact that it is not subject to any regulatory oversight. Because this takes place entirely offline, the bitcoins in question are inaccessible to cybercriminals; as a result, the security of the money should be improved. Having said that, the funds belonging to customers are not backed or guaranteed by any regulating organization or authority, which indicates that they are subject to every possible danger.


Is EagleFx a fraudulent company? They are not a fraud, but there is a far greater potential for loss when compared to authorized brokers. People choose this broker because of its offshore location, which allows it to provide a big leverage of 1:500 to its customers and accept customers from countries that other brokers prohibit them from doing business with. You are much better off utilizing a forex broker that is licensed and also offers deposit insurance for customers. This way, you can rest certain that your money will be protected, and you won't have to deal with any unfavorable terms or problems withdrawing your funds.


Because retail forex traders spend so much time each day and week staring at our screens in search of the finest opportunities to trade, it is very essential for us to make use of a trading platform that provides us with the best possible odds of being successful. So, what kinds of platforms are available to traders that use EagleFx? They make MetaTrader4 available for use on personal computers, mobile devices, and online traders, so that it is reachable by all customers.

Since I've been trading forex for the past five years, I can confidently say that MT4 is the platform that has the most users worldwide. It does not feature a lot of sophisticated capabilities for charting or order execution, but that is precisely one of the reasons why traders like it so much - the platform's overall straightforwardness. On a fundamental level, MT4 provides everything you could possibly want, including order execution, a lot size calculator, straightforward charting tools, indications, expert advisors, and several time frames.


It's a shame that Eaglefx only offers MT4, since many traders, like myself, really prefer the newer, more up-to-date platforms. It's a bad that Eaglefx only offers MT4, because it's a shame that Eaglefx only offers MT4. If you are just using MT4, my recommendation is that you switch to Tradingview.

Because this broker provides its customers with such a comprehensive selection of the most common deposit and withdrawal methods —including one that is unavailable at the majority of other brokers—it is the preferred option for certain retail traders. These are the ways currently available for deposits:

Bitcoin, Visa/Mastercard
Transfer Via Wire


The following ways can be used to withdraw funds: bitcoin, paypal, coinbase, and prepaid debit cards.

The lowest amount that may be deposited using any of these ways is ten dollars, and there are NO FEES associated with any of them. EagleFx. is an excellent option for novice traders who want to hone their abilities without making a significant financial commitment due to the fact that they need such a little minimum deposit, in addition to the fact that they accept both PayPal and Bitcoin as payment methods.

The fact that they are able to conduct bitcoin transactions thanks to the fact that they are an offshore broker is a big benefit for some traders.


There are no fees associated with withdrawals, and the customer service team reviews withdrawal requests on an hourly basis in order to fulfill them as swiftly as humanly feasible.

In general, withdrawals are handled within 24 hours, but if yours is taking longer than that, you should contact the support service via live chat, which is available around the clock, to find out the status of your money. According to traders' reports, which I've gleaned both from my personal experience and through my study on online forums, withdrawals are processed quite quickly.

When there is a problem, there are several different ways to get in touch with EagleFx in order to receive customer service from the company. It's good to know that this isn't one of those brokers where it's nearly hard to get in contact with them for support because I've used brokers in the past when that was the case.


The website includes a live chat facility that is available around the clock, making it likely the simplest and most expedient way to communicate with the broker. There are other ways to get in touch with the support staff, and although I've only used it twice so far, both times the customer service representatives were quite quick to respond and helpful.

Chat available around the clock.
Creating a ticket for customer support (15 minute response time)
Making a request for a phone call


Dominica, Commonwealth of: Address: 8 Copthall, Roseau Valley: 00152 Country: Dominica

As you can see, there is a large variety of ways to get in touch with someone; yet, unfortunately, there is neither an email address nor a phone number that you may use to get assistance. When a broker does not post a phone number for consumers to contact, I find it a little concerning; yet, if they do give a call back option, this indicates that they must have people genuinely working on a premises. Does the absence of a phone number on the EagleFx website imply that the company is fraudulent? No, of course not; yet, you should keep this in mind since it is important.

It is wonderful that forums now have reviews from thousands of traders from all over the world. This enables us to truly see if our experiences with a broker are the same across the board. The retail forex market has exploded over the past few years, and as a result, forums now have reviews from traders from all over the world.


It is rather unusual to find an unregulated broker with a reputation as positive as this one has online in trading groups. This broker has a really outstanding reputation online. On ForexPeaceArmy, they have been given a score of four out of five stars, and there are a reasonable number of reviews from traders who are pleased with the terms and have no issues.

This data collection is not the most credible we have come across because there are not currently a great number of reviews available at this relatively new broker. Traders that give a broker only one star are often complaining about the spreads and claiming that the broker is unfairly keeping them from participating in certain markets. Because EagleFx is a STP broker, which means they have no influence whatsoever on the spread or price of the commodity being traded, and because the information is coming directly from their liquidity sources, I am unable to confirm whether or not this is accurate. Bear in mind that many inexperienced traders have absolutely no concept of the bid/ask spread.


In a nutshell, due to the fact that it is not regulated by any monetary agency, EagleFx is a broker that carries a high level of risk. This is a highly appealing broker for traders since it offers a leverage of 1:500, minimal fees, a low minimum deposit requirement, and a variety of outstanding financing choices. Since it first began in 2019, it also has a reputation that is almost entirely spotless. Having said that, the broker is still unregistered, which means there is a significant amount of risk involved. Traders should always trade with registered brokers so that their capital is at a lower risk of being stolen or lost due to fraud, unfair conditions, manipulation, and so on.

Trading in foreign exchange (FX) and contracts for difference (CFDs) are both available through EagleFX's MT4 platform. If you follow this review, you will have a detailed explanation of the steps involved in the verification procedure, as well as information on the commissions, minimum deposits, and demo accounts. Is EagleFX a regulated company or a fraudulent operation?


EagleFX Ltd. is a Straight Through Processing (STP) brokerage that has won many awards and has its headquarters in Dominica. The broker is utilized by tens of thousands of traders on a global scale, ranging from Indonesia to Nigeria. The supplier provides desirable ECN trading circumstances in addition to incredibly quick execution rates. Additionally, articles on the firm have been published in respected magazines such as Forbes and Finance Magnates.

Users who register for the broker's single account get access to the industry's most popular trading platform, MetaTrader 4, allowing them to trade on a broad selection of assets around the clock. The company's owner and chief executive officer have also launched online poker games for the site's customers.


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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.