Review

Category: CryptoCurrency

EagleFX Review

OVERVIEW

EagleFX, a full-service Forex brokerage offering cryptocurrency and FX CFD trading, has been making quite a splash in the industry. Based out of Dominica, the firm is providing around the clock trading on hundreds of assets to a global client base. EagleFX boasts extremely attractive spreads, deep pool liquidity, and super-fast trade processing. The EagleFX review that follows will provide you with an exhaustive look at this FX broker and help you to decide if they are capable of meeting your specific trading needs.

LEVERAGE

Those who wish to stretch their trading dollars as far as possible will be thrilled with EagleFX’s decision to offer leverage up to 1:500. Very few Forex brokers offer a leverage ratio higher than this. Within the platform, each trader is free to decide on how much (if any) leverage they wish to use while trading. There is no requirement to use the maximum setting. In fact, there are several different leverage settings, starting at 1:1 and climbing from there to the 1:500 level. While it is not possible to change your leverage selection mid-trade, it can always be changed prior to entering into a new position. Should have any questions or need help with making changes to your leverage setting, contact the EagleFX support team.

ASSETS

One look inside the EagleFX platform will quickly show you that this broker has made a serious commitment to providing plenty of trade opportunities. As of this writing, there are 200+ underlying assets to choose from, including an impressive 30+ cryptocurrencies. There are over 50 standard currency pairs to choose from, including major, minor, and exotic pairs. Fans of stock trading will have over 100 underlying assets to choose from, and the remainder of the asset list total is spread among commodities, indices, futures, and energies.

SPREADS

This broker claims to be offering extremely tight spreads. How tight, exactly? As low as 0.01 pip on some assets. While there are certainly other brokerages which are offering spreads this low on some assets (as advertise that fact proudly), you may want to dig a bit deeper to discover their spread average. As for Eagle, their platform average is 0.03 pips. Of all asset types, cryptocurrencies tend to carry the highest spreads, but this broker also does an excellent job of keeping the spreads highly competitive with this asset group as well. To put it simply, it will be tough to find a broker that is offering better spreads than what we observed within Eagle’s trading platform.

CONCLUSION

What we now know is that there are tons of Forex brokers to choose from, but only a small number of them that truly manage to impress. EagleFX is one of the few, with their solid platform, excellent trading conditions, and top-notch customer support. One could argue against their commission costs and would have a valid point. However, after learning that the majority of that goes to their affiliates, it became difficult to rake them over the coals for it. EagleFX is a brokerage that is reminiscent of businesses that operated during the 1950s, a time when the customer or client was valued and treated well. For this and many other reasons, we highly recommend EagleFX to those who are searching for a FX broker at this time.

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