Investors and traders may now buy and sell stocks and other tradable assets in one click while avoiding large commissions money managers charge.
However, choosing the best online brokerage firm is one of the most challenging tasks, whether you are a novice, intermediate, or advanced trader trying to automate your trading.
We reviewed EagleFX, one of the fastest-growing names in the online brokerage sector, to assist you in choosing the best broker.
This review will go over EagleFX to see if it really is the best forex trading software out there.
You’ll learn whether forex trading is the right type of business for you.
And at the end, you’ll find answers to some of the most frequently asked questions regarding EagleFX and forex trading in general.
But most importantly, you’ll see the exact system many others have used to build their own internet marketing business to over $40,000 a month in mostly passive income.
This system made them swear off forex trading for good, because it uses some of the same skills but in a much more powerful and profitable way!
EagleFX is a global online financial trading platform and multi-asset broker that was established in 2019.
After more than two years, EagleFX has expanded to provide individual retail investor accounts with Forex trading, CFD trading, and cryptocurrency trading.
EagleFX is a worldwide broker and is headquartered in Dominica.
It could take a long time to find a broker who suits your demands when investing in the financial markets.
In this EagleFX review, we will delve deep and examine how effectively the EagleFX platform performs in its capacity 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 perplexing.
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 may be found.
EagleFX exclusively offers two kinds of accounts: MT4 ECN live trading accounts and MT4 demo trading accounts.
This is unlike the majority of other online trading platforms and brokerages, which provide a variety of live trading accounts tailored to the various classes of high-volume and average traders.
Both of these accounts have a simple interface and use US dollars as their base currency. Deposits into the live trading account are accepted 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 are not enabled by default, and you will need to contact their customer care to enable it for you.
These accounts are password-protected, but you can strengthen them even more by using the two-factor authentication function.
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 does not yet have its own trading platform and relies on the well-known Meta Trader 4 (MT4) platform. You will need to download your desired trading platform once you have registered with the forex broker.
These include the MT4 for Windows and MT4 for MAC desktop apps, available for free 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 get access to 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, as well as 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.
EagleFX allows leveraged transactions with minimum leverage of 1:1 and maximum leverage of 1:500.
You will notice that most brokerages with different types of accounts have leverage limitations, with the greatest level designated for big 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.
The maximum lot size for some of the most well-known players in the online forex sector is set at 100 lots.
EagleFX, on the other hand, has minimum trade size of 0.01 lots and a maximum trade size of 1,000 lots, which is incredibly competitive.
This makes it very appealing to high-volume traders.
All open swap positions at EagleFX are subject to overnight costs. And, according to the broker, the particular charges vary depending on the trading instrument.
Unlike most other forex brokers, Eagle FX requires you to contact their support team in order to obtain this information.
Trading commissions are set at $6 per lot traded. This rate can be adjusted 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.
Notwithstanding being just a few months old, it is worth noting that EagleFX presently offers over 100 financial instruments for trading. These include indices, bitcoin, FX, futures, and commodities markets.
Moreover, all seven major currency pairs are included here, and an additional 48 forex trading pairings. EagleFX offers 31 crypto choices in the crypto markets, including fiat-to-fiat and crypto-to-fiat trading pairs.
Also, the commodities market also 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.
EagleFX uses a reasonably sophisticated way to price CFD and FX spreads via the live spread function. Spreads are quite volatile here, and the site’s live spread area is refreshed every 10 seconds.
The advantage of trading with variable live spreads is that traders can benefit from relatively low spreads when the market is generally calm.
On the other hand, minor spikes in volatility frequently result in wide spreads.
Most online brokers have varying minimum deposits for the various trading accounts available on their platform. Because EagleFX only has one trading account, the $10 minimum initial deposit applies to all of their clients here.
In terms of the maximum account operating balance, the broker is ambiguous. It’s also worth noting that all deposits are stored in the vault before being moved to the trading section to collateralize the trading positions you’ve taken.
EagleFX accepts three types of deposits. You’ve got the option of depositing funds via bank wire transfer, Visa/MasterCard, or Bitcoins.
The broker extends the zero-fee deposit policy by agreeing to cover the transaction fees incurred as a result of your funding method of choice.
EagleFX, as previously said, enables the two-factor authentication security feature, which will be activated instantly upon request.
The broker’s security safeguards, on the other hand, go well beyond the login page and into the management of your deposited funds.
For example, EagleFX promises its cryptocurrency traders that their assets are kept in cold storage. Only limited amounts of these coins, intended to assist quick withdrawals, are kept on the broker’s servers.
The company goes on to say that partnering with the world’s premier payment processors ensures quick deposits and withdrawals.
It also makes use of the safeguards they’ve put in place to protect deposits and withdrawals.
EagleFX also offers a demo account to traders who are new to their platform or the online trading sector. The account is entirely free and includes all of the trading tools and data found in the Live Trading account.
In numerous ways, this platform beats most demo accounts offered by rival brokers. To begin, Eagle FX does not place a time limit on the use of 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 can be used on the free Windows MT4 platform, mobile MT4 traders for Android or iOS, or the Web Trader.
Furthermore, you have the option of setting the base currency for your trades to USD, EUR, GBP, or BIT.
EagleFX is not a regulated broker. This means that EagleFX is not regulated by any authorities. Traders should be aware that unregulated companies typically do not offer much if any, client protection.
EagleFX is a Forex and cryptocurrency STP broker that offers CFD trading on hundreds of assets as well as optimal trading conditions on the MT4 platform.
The online broker offers three basic withdrawal options. You can choose to have your withdrawals done in bitcoins, PayPal dollars via Coinbase, or to your prepaid MasterCard.
Withdrawals, like deposits, are completely free of charge. Eagle FX is also one of the few online brokerages that guarantee that withdrawn balances will be credited to your account within the same day.
Here’s a list of the finest FX brokers for new traders.
EagleFX offers a single standard account type to all clients, with a $10 minimum deposit requirement. The smallest lot size is 0.01, and the largest trade size is 1,000 lots.
Yes, you can and by using your own trading strategies!
There’s a lot that comes along with forex trading that many people struggle with.
Now, don’t get the wrong idea…
It’s not impossible to make money with forex trading, but if you’re gonna 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 really does become second nature.
EagleFX is a legit company, operating in the online brokerage industry.
It is entirely possible to build a profitable, successful forex trading business… But there are better ways to build a business other than with forex trading.
Because unlike EagleFX, it actually provides real proof of real success from real people as recently as a few days ago.
Although EagleFX is not regulated, it’s hard to say that it is a scam since it provides real trading services.
But, when it comes to building a business, you have plenty of options.
And even if you’re dead set on becoming a forex trader, you’ve got way better options than EagleFX.
Keep in mind, we don’t get paid to promote any of the programs we review. We personally think forex trading is a great business model, but you could end up leaving way too much money on the table.
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where EagleFX falls short is in scalability.
There’s only so much time in a day and there’s only so much money you have to start with.
Let’s face it, unless you have a lot of money to start with, you don’t stand to make much money with cryptocurrency or forex.
But what if you could make even more money off of little local websites without having to worry all day about losing your money in the blink of an eye?
With this digital real estate program, you can make recurring monthly income without worrying about losing all your money overnight!
Sound too good to be true?
Of course it does!
But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a LOCAL website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now?
That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about the constant and crazy market volatility that cryptocurrency entails.
So, getting back to EagleFX, just one of their picks could lose money for you BIG TIME.
The course we recommend actually allows you to collect HUGE FLAT RATE DEALS.
Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike EagleFX, more people have been able to walk away from their 9-5 job as well.
Digital real estate allows you to have passive income with most of your day being spent ENJOYING your money, NOT losing it.
Now, I know you probably have tons of questions…