Risk Warning: CFD and Spot Forex trading both come with a high degree of risk. You must be prepared to sustain a total loss of any funds deposited with us, as well as any additional losses, charges, or other costs we incur in recovering any payment from you. Given the possibility of losing more than your entire investment, speculation in certain investments should only be conducted with risk capital funds that if lost will not significantly affect your personal or institution’s financial well-being. Before deciding to trade the products offered by us, you should carefully consider your objectives, financial situation, needs and level of experience. You should also be aware of all the risks associated with trading on margin.
Eagle FX is a relatively new online broker, founded in 2019, and based in The Commonwealth of Dominica. The firm offers Forex trading, with a wide range of major, minor and exotic currency pairs on offer, and also has an impressive list of cryptocurrencies available, along with some commodities and several major indices. It should be noted that although brokers operating in Dominica are governed by international banking regulations, they are not regulated by a local independent authority, as is the case in most other countries. The firm publishes a clear risk disclosure, along with all terms and conditions, on their website.
Eagle FX offers competitive spreads on all its tradable assets. Spreads are dynamic and therefore vary according to market volatility and liquidity. Eagle FX state that their pricing system ensures that spreads closely follow those of the prevailing global markets. There is also a small commission to be paid. Live spreads, updated every 10 seconds, are displayed on the website, along with details of other fees. Swap positions held overnight will incur an overnight financing fee, which will vary depending on the instrument you are trading. There are no commissions on cash deposits and withdrawals.
The broker offers the popular, versatile and user-friendly MT4 platform, available for both Windows and Mac, which incorporates a wide range of trading tools, features, and technical indicators. For mobile traders, the MT4 platform is also compatible with both iOS and Android devices. The MT4 platform meets high-security standards and allows for instant execution of orders, as well as important features such as stop orders and trailing stop orders. There is also a browser-based web trader option available, but most traders will find the award-winning MT4 platform a far better option.
Customer support is available via the website, but it is not possible to phone or email direct. Customers must submit a ticket for an email response, or fill in a form to request a call back from customer support. While this may not appeal to all customers, the system seems to work well, with fairly prompt responses to both support tickets and call back requests. There is also a handy live chat function. Customer support staff are helpful and well-informed, and support is available 24/7, which is particularly important for cryptocurrency traders, as crypto markets never close, and not all brokers offer support during weekends when other markets are closed.
Address: Eagle FX Ltd, 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica.
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