Investors and traders can now purchase and sell stocks and other tradable assets with a single click, avoiding the high commissions charged by money managers.
Choosing the best online brokerage company, whether you’re a rookie, intermediate, or advanced trader looking to automate your trading, is one of the most difficult tasks.
To help you choose the best broker, we examined EagleFX, one of the fastest-growing names in the online brokerage industry.
EagleFX will be examined in this study to discover if it is the best forex trading software available.
You’ll find out if forex trading is the right business for you.
Finally, at the end of the page, you’ll find answers to some of the most commonly asked questions about EagleFX.
Most importantly, you’ll learn the precise strategy many others have used to grow their internet marketing business to over $40,000 in primarily passive income every month.
They gave up forex trading for good after discovering this approach, which employs some of the same talents but in a far more effective and successful manner!
You probably discovered EagleFX for the same reason you might have come across any other financial newsletter, stock trading service, or investment program:
Because you want more money in less time.
And chances are, you want to quickly multiply the money you do have (as opposed to waiting months or even years to see a decent ROI).
This is a really exciting promise, and it’s probably why the financial publishing and training industry is worth billions of dollars.
The problem is, because the idea of doubling, tripling, or 10X-ing your money in a few minutes to a few days is so enticing, there are a ton of shady characters in this space.
But, putting that aside, let’s say every investing guru and “trading expert” on the internet had the best of intentions.
Even with proprietary algorithms, a room full of supercomputers, and a team of rocket scientists, most of these experts would be lucky to get it right 20% of the time.
Now sure, we’re talking about asymmetric bets here, so theoretically the winners should more than make up for the losers.
But in order to make that happen, you can NEVER miss a trade. With a 20% success rate (speaking optimistically), one missed winner could turn a profitable month into a loser.
That’s a lot of pressure and a lot of stress (not to mention a lot of losing) with not much certainty.
But what if there was a way you could build a passive income stream that’s actually passive?
An income stream that doesn’t require:
- Constantly monitoring your phone for buy/sell alerts
- Obsessively watching charts and movement
- The emotional roller coaster and angst of hoping one winner can cover the last 8 losses
- Gambler’s odds (20% chance of success is worse than the odds of winning at Blackjack)
An income stream that brings in consistent revenues every single month (from a couple thousand dollars to well over $10,000)?
An income stream you could actually build in your spare time, and grow as large or as small as you want to, without having to spend hours a day monitoring charts, trades, and alerts?
If that sounds like something you’d be interested in, check out Digital Leasing.
However, if you’d still like to know more about EagleFX, keep reading.
What Is EagleFX?
EagleFX is a multi-asset broker and global online financial trading platform founded in 2019.
EagleFX has extended to serve individual retail investor accounts with Forex, CFD, and cryptocurrency trading after more than two years.
EagleFX is a worldwide broker and headquarters in Dominica.
Finding a broker who suits your demands when investing in the financial markets could take a long time.
In this EagleFX review, we will examine how effectively the EagleFX platform performs as an international multiple financial asset trading platforms for traders in 2021.
Frequently, you must browse and read various broker websites, each of which utilizes a different language. The language can be somewhat dumbfound.
It can be tough to select an online broker such as EagleFX. The first few challenges for a newcomer can be what looks to be a complex mobile or online trading platform, challenging to understand investment lingo and perplexing cost arrangements.
In our EagleFX review, we discuss the benefits and drawbacks. What EagleFX has to offer, and where EagleFX found.
EagleFX Account Types
EagleFX only offers two types of accounts: real MT4 ECN trading accounts and demo MT4.
It contrasts with the bulk of other online trading platforms and brokerages, which offer a selection of live trading of accounts for high-volume and average traders.
These accounts have a simple interface and use US dollars as their base currency. Deposits into the live trading of accounts receive in EUR, GBP, USD, and Bitcoin (BTC).
All deposited funds are held in the “Vault” section of the online brokerage and will only be transferred to the trading section when you enter a trade position.
On request, EagleFX and its Live Account will supply you with a Sharia-compliant trading account. However, these aren’t available by default, and you will need to contact their customer care to help you.
These accounts are password-protected, but using the two-factor authentication function can strengthen them even more.
The most significant advantage of using an Islamic account (also known as a Swap-free account) is that orders held overnight do not incur overnight financing fees.
EagleFX Platform
EagleFX now uses the well-known Meta Trader 4 (MT4) platform because it does not have its trading platform. Once enrolled with a forex broker, you’ll need to download your preferred trading platform.
These include the free desktop programs MT4 for Windows and MT4 for MAC, both of which are available on the Internet.
Mobile traders can also obtain the Android and iOS versions of the MT4 trader from the EagleFX website. Similarly, traders have the option of using the Web Trader.
You will access a wide range of trading tools, analytical and technical indicators, and highly interactive charting choices on either platform.
You can choose between instant and market trade execution modes from here. You will also have access to stop order and trailing stop features and other risk management tools.
In addition, quick trading tools allow you to lock in trading orders from the chart with a single click.
Furthermore, the broker claims you will have access to over 30 technical indicators, 24 graphic tools, and every symbol shown in 9 timeframes.
These provide the most thorough use of price movement analysis for the various trading instruments.
Leverage
Leveraged trades allow at EagleFX, with minimum leverage of 1:1 and maximum leverage of 1:500.
Most brokerages with different types of accounts have leverage restrictions, with the highest level reserved for high-volume traders.
However, because the broker only has one live trading account, the comparatively large leverage is available to all EagleFX trader accounts. They also offer negative balance protection for their customers.
Sizes For Trade
For some of the most well-known participants in the online forex business, the maximum lot size is 100.
EagleFX, on the other hand, offers a 0.01 lot minimum trading size and a 1,000 lot maximum trade size, which is quite competitive.
It makes it very appealing to high-volume traders.
EagleFX Trading Costs: Fees & Commissions
Overnight charges apply to all open swap positions at EagleFX. According to the broker, the specific costs vary based on the trading instrument.
Unlike most forex brokers, Eagle FX asks you to contact their customer service department for this information.
Trading commissions are set exactly at $6 per lot traded. This rate adjusts to accommodate lower trade amounts. For example, if you entered a micro-lot trade (0.1 lot), the charge would be $0.6.
And, given that the broker’s minimum deal size is 0.01 lots, the minimum trading commission here is $0.06.
Assets
Even though EagleFX is just a few months old, it is worth mentioning that it currently offers over 100 trading products. Indices, bitcoin, foreign exchange, futures, and commodities markets are among them.
There are also 48 forex tradings pairing, in addition to the seven primary currency pairs. EagleFX offers 31 crypto options in the crypto markets, including fiat-to-fiat and crypto-to-fiat trading pairs.
Also, the commodities market includes 11 equities indices, six-spot metals, and three energy products. Only the cryptocurrency market is available 24 hours a day, seven days a week.
Spreads
The live spread function at EagleFX employs a fairly advanced method of pricing CFD and FX spreads. The site’s live spread area refreshes every 10 seconds, and spreads are highly
unpredictable.
When the market is typically calm, traders might benefit from relatively low spreads when trading using changeable live spreads.
On the other hand, minor spikes in volatility frequently result in wide spreads.
Minimum Deposit
The minimum deposits for the various trading accounts accessible on most online brokers’ platforms vary. Because EagleFX only offers one trading account, all of its clients must make a $10 initial deposit.
The broker is confusing when it comes to the maximum account operating balance. It’s also worth noting that all deposits held in the vault before being transferred to the trading section are collateral for the trades you’ve made.
Deposit Methods & Fees
EagleFX takes three different forms of deposits. You can deposit money through a bank wire transfer, a Visa/MasterCard, or Bitcoins.
By agreeing to cover the transaction fees incurred due to your funding method of choice, the broker extends the zero-fee deposit policy.
Account & Fund Security
EagleFX, as previously said, offers the security feature of two-factor authentication, which implements immediately upon request.
The security measures provided by the broker, on the other hand, extend well beyond the login page and include handling your deposited cash.
For example, EagleFX promises its cryptocurrency traders that their assets are found in cold storage. Only limited amounts of these coins, intended to assist quick withdrawals, are held on the broker’s servers.
The company says that partnering with the world’s premier payment processors ensures quick deposits and withdrawals.
It also uses the safeguards they’ve put in place to protect deposits and withdrawals.
Demo Account
EagleFX also provides a demo account for traders unfamiliar with their platform or the online trading industry. The account is completely free, and it comes with all of the same trading tools and statistics as the Live Trading account.
This platform outperforms most competitors’ demo accounts in various ways. To begin, Eagle FX does not limit the time you may utilize the demo account.
In addition, unlike most brokerages, Eagle FX allows you to choose the virtual fund balance with which to begin.
You may even replenish these virtual funds as often as you like. EagleFX trial accounts use on the free Windows MT4 platform, mobile MT4 traders for Android or iOS, or the Web Trader.
Furthermore, you can set the base currency for your trades to USD, EUR, GBP, or BIT.
EagleFX FAQs
Is EagleFX A Regulated Broker?
EagleFX is not a regulated trading platform. EagleFX is unregulated by any authority, which implies it is unregulated. Traders should be aware that unregulated company rarely, if ever, provide adequate client protection.
What Type Of Broker Is EagleFX?
EagleFX is an STP Forex and cryptocurrency broker that offers CFD trading on hundreds of assets and the best MT4 trading conditions.
How Do I Withdraw From EagleFX?
There are three primary withdrawal alternatives available from the online broker. Withdrawals produce in bitcoins, PayPal dollars through Coinbase, or your prepaid MasterCard.
Withdrawals are free of charge, just like deposits. Eagle FX is one of the few online brokerages that promise that withdrawn funds will be credited to your account the same day.
Which Is The Most Reliable Forex Broker?
For beginning traders, here is a list of the best FX brokers.
- Plus500 — It is the clear winner for beginner friendliness and ease of use.
- IG is for Excellent education and the most credible source of information.
- The most effective trading site for copy trading is eToro.
- AvaTrade is a company that provides high-quality educational products.
- CMC Markets offers the best web trading platform and an excellent education.
- XTB – Superior customer service compared to other brokers
- OANDA — Access to high-quality research and a user-friendly platform
Can You Make Money With EagleFX?
Yes, you can and can do so by employing your trading tactics.
However…
There’s a lot that comes with forex tradings that many people’s difficult.
Now, don’t get the wrong idea.
It’s not impossible to make money with forex tradings, but if you’re going to put in the amount of grueling work to do this business (which, trust us, isn’t easy), you might as well bring in some REAL money while you’re learning the ropes.
The program that helped skyrocket many online businesses to over $40,000+ per month is so simple that making money does become second nature.
Is EagleFX A Scam?
So, is EagleFX a scam? Not technically. You can make money with it, but it’s definitely not as easy as They makes it sound.
Again, with any kind of financial product (especially trading), you’re taking on a lot of risk.
Sure, you could hit it big and retire in Italy, but chances are you need the stomach and financial cushion to weather tons of losses before you get there…and it may never happen.
Most of the big gains numbers these companies use in their marketing (“xyz grew by 4,112% in 3 months” or “this option made 324% in just 2 days”) are cherry-picked.
They don’t tell you about the 10 100% losers that came before.
In other words, if you invested $100 into 11 recommendations, you’d lose $1,000, and make back $324…so you’d still be out almost $700.
Most people don’t have the fortitude to stick it out through 3 straight months of losers in the hopes of landing one big winner.
What if, instead, you took those same 3 months, invested just a couple hours a day (in your spare time), and your reward was a $500 to $2,000 payment that came in every single month?
And what if you actually didn’t need to wait 3 months? What if you could get started today and have your first payment in a week?
And what if you could double it next week?
Well, that’s the power of Digital Leasing.
It’s a true lifestyle business.
Your laptop and an internet connection is all you need.
Some of the most successful students in this program run their entire 6-figure businesses from:
- A camper in the middle of the woods
- A beach chair on the water in Mexico
- A small villa in Greece
They’re able to travel around, living their lives first, and focusing on their income second.
Because even if they stop working for an extended period of time, the money keeps coming in.
So adventure, memories, and experience are the top priority.
And they never have to worry about how to pay for the next trip, or consider asking for time off.
If this sounds more like the type of life you want to lead, just click here to find out more about Digital Leasing.
Are There Alternatives To EagleFX?
Yes, there are plenty of other business models to choose from if you want to pursue making money online. Here are just a few:
What Is My Top Recommendation In Making Money Online In 2024?
Our review team has spent months researching, reviewing, and vetting dozens of business models and thousands of programs.
While there may be no “perfect business”, the research IS conclusive:
Digital Leasing is the #1 online business model for those just starting out.
Whether you’ve never made a dollar online, or you’ve been in this space for a while but never really “made it,” Digital Leasing is for you.
Why?
1. It’s Flexible: got an hour a day? You can do this. Ready to drop everything else and dive in full time? You can do this. Yes, the more time you put in, the faster you see results. But even with a little time each day, you can move the needle in a Digital Leasing business.
And because this system is so flexible, you don’t have to constantly be working to make more money. It’s called PASSIVE INCOME because if you stop working, the money doesn’t.
Imagine taking 3 months off to just tour around Europe, rent a cabin in the woods to write a book, hike the Appalachian Trail, or live on the beach and surf all day.
This is only possible if you have an income stream that’s not tied to your time.
2. You Own & Control EVERYTHING: With anything in the financial markets, you own and control NOTHING. You have no say in price fluctuations, demand, or what the market will do.
Trying to beat the market is fighting against the tide. There’s just too much working against you, no matter how many supercomputers or rocket scientists are on your side.
With Digital Leasing, you own the assets, which means you have all the power and all the control.
3. Little To No Startup Costs: It’s possible to get into Digital Leasing with zero dollars upfront. Because, using the strategies outlined in this program, you can get a client to pay you BEFORE spending a penny out of your own pocket…even before you do any work.
Even without getting paid in advance, you can have your first Digital Rental Property up, running, and generating profits for less than $100.
1. Easy To Duplicate: Ok, here’s the best part: once you have your first Digital Rental Property up and running, you can literally DOUBLE your income with a few clicks, a couple keystrokes, and a single phone call (and you don’t actually need the phone call).
Remember: each Digital Rental Property is worth $500 to $2,000 a month in semi-passive income (over 95% profit). Every time you decide to create another one and increase your income, it gets easier.
Because you have more knowledge, more experience, more results, and more momentum.
If you wanted to double your income with any kind of trading or investing, you’d have to double your initial capital OR double the average order size of your existing trades. And, guaranteed that’s a lot harder than a few clicks and a few minutes of your life.
2. Make Money Helping Real People: This part is what makes it all worth it. In the financial markets, you might be helping your family, but the impact never goes beyond you and maybe a few others.
But with Digital Leasing, you’re actually helping people by solving your clients’ biggest problem:
Small, local businesses need more customers, and with Digital Leasing, you are unleashing a flood of happy, paying customers for these businesses.
You make money by helping them make money.
Not a big, faceless corporation either…a small business owner who’s using that money to put food on the table for their family, start a college fund for their kids, or take care of a sick parent.
Once you see how Digital Leasing makes a real impact in the lives of real people, you’ll sleep like a baby with a big smile on your face.
Now, the choice is yours. You could continue browsing, looking at opportunities like EagleFX which could one day make you money.
You could continue researching, never making a decision.
OR, you could take a look inside, consider what you really want, and join a program that makes your dreams a reality. At the same time, joining a community of over 2,000 successful students that are living life on their own terms thanks to Digital Leasing.
A consistent, reliable, semi-passive stream of income that doesn’t depend on you or your time to keep producing profits.
All while genuinely helping real people who are grateful and happy to pay for it.
If this sounds more like what you want out of life (or if you just want some nice side income), click here to learn more about Digital Leasing.
