Read This EagleFX Review Before Signing Up

Established in 2019, EagleFX is a forex broker delivering a large assortment of assets, extremely tight spreads, and the award winning MT4 platform. They also offer lightning-fast trade execution via straight through processing and utilize connections with a number of the top liquidity providers to lock in the best rates for their clients. Their claim to fame (so to speak) may be customer support though, as they advertise fast response times and around the clock service. Do they live up to all of their claims? That’s exactly what this EagleFX review aims to find out.

Client Accounts

This forex broker is similar to other brokers in that they have elected to offer only a single account type. You will not find any tiered accounts or varying perks here, as all clients are treated equally. They do provide Islamic accounts which are Shariah Law compliant and do offer free demo accounts. The demo accounts are unlimited but will terminate following a two-week inactivity period. Simply continue to log in at least one every two-weeks to keep your demo account active.

Trading Platform

EagleFX supplies the well-known MetaTrader4 platform, which is readily available in a number of formats. Traders can opt to trade using their smartphone or tablet using the provided iOS or Android applications or can choose to use WebTrader, which provides access to MT4 from within any web browser. The conventional MT4 download is provided for Windows-based systems and they will soon be offering a solution for Mac users, who have often struggled to use the software version of MT4 on their computers.

Deposits & Withdrawals

EagleFX accepts deposits starting at only $10. USD, EUR, GBP and Bitcoin currencies are all accepted, but clients will need to choose one for their main account currency. EagleFX accepts three of the more popular funding methods, including credit/debit cards, bank wire, and Bitcoin. The deposit process is simple and quick. Withdrawals are just as straightforward and are reviewed and paid out in 48 hours or less. Both deposits and withdrawals are entirely free, regardless of the number of monthly transactions.

Customer Service

The sign of a solid broker is often excellent support and that is what we received when putting EagleFX to the test. The available contact methods include Live Chat, Ticket, and Callback Request. All three of these forms of support are made available 24/7. The broker advertises that the live chat function on their website will be responded to straight away by one of their agents, a promise that we discovered was upheld in during our testing. Other forms of communication are also responded to quickly. Those who submit a ticket can expect to receive a response within fifteen minutes, while those who request to be phoned can expect to hear from an agent in less than four hours.

Fund Security

EagleFX utilizes the cold storage method along with fund segregation to safeguard client deposits. The majority of deposits are kept as Bitcoin and stored on exterior devices away from actual computers and servers. This functions as a proven way of preventing theft, while also assisting with fully hedging and shielding the funds from from unpredictable price fluctuations. Why only the majority of funds? Some amount must be kept available for fast withdrawal processing. In this category the firm is leading the way and raising the bar for other FX brokers who are not yet using the latest security methods.