This EagleFX review analyses the offshore broker’s trading conditions, regulation, and platform features. Known for its crypto funding and weekend trading, EagleFX appeals to speculative traders but lacks strong regulatory oversight. It offers leveraged CFDs across forex, crypto, indices, and commodities via MetaTrader 4, with 24/7 customer support and straight-through processing execution.

Regulation and Safety

EagleFX is registered in the Commonwealth of Dominica but is not regulated by any recognised financial authority. The lack of Tier-1 regulation presents significant risks for client fund safety. Key concerns include:

• No FCA, ASIC, or CySEC oversight
• No investor protection scheme (e.g., FSCS or ICF)
• No third-party audits or financial reporting
• Funds are held with an undisclosed offshore custodian

Execution Model and Trading Platforms

EagleFX operates an ECN/STP model with no dealing desk. It offers:

• MetaTrader 4 (MT4): Available for desktop, web, and mobile
• FIX API: Not available
• VPS: Offered free to qualifying clients

The broker claims to provide liquidity via top-tier providers with millisecond execution. MT4 supports Expert Advisors (EAs), hedging, and custom indicators.

Markets and Instruments

EagleFX offers over 100 CFD instruments across major asset classes:

• Forex – 55+ currency pairs including majors, minors, and exotics
• Cryptocurrencies – BTC, ETH, XRP, LTC, and 30+ others
• Indices – US30, NAS100, UK100, GER30
• Commodities – Gold, Silver, Oil, Natural Gas
• Stocks – US and European equity CFDs

Crypto trading is available 24/7, including weekends – a standout feature among offshore brokers.

Accounts, Spreads and Leverage

EagleFX offers a single ECN account with the following conditions:

• Minimum deposit: $10
• Spreads: From 0.1 pips (EUR/USD average 0.7 pips)
• Commission: $6 round turn per lot on forex and metals
• Leverage: Up to 1:500 (forex), 1:100 (crypto), 1:200 (commodities)
• Stop-out level: 70%

No Islamic or swap-free accounts are available. Margin requirements vary by asset type and leverage level.

Funding and Base Currencies

EagleFX offers multiple funding options with fast processing:

• Bitcoin (primary funding method)
• Credit/debit card (via third-party crypto processor)
• Bank transfer (converted to BTC)

Base currency is USD. Deposits are usually processed within 1 hour for crypto, and withdrawals within the same day. No internal fees are charged, though network/gateway fees apply.

Client Protections and Features

EagleFX lacks formal client protection mechanisms such as:

• Negative balance protection (not clearly stated)
• Fund segregation guarantees
• Investor compensation coverage

However, it offers 24/7 live chat support, a dedicated support team, and anonymous crypto funding, which appeals to high-risk traders.

Institutional and Retail Offering

EagleFX caters exclusively to retail clients and speculative traders. It does not provide:

• FIX API access
• White-label services
• Prime brokerage or institutional accounts

Retail traders can use MT4’s full suite of tools, trade over the weekend, and benefit from high leverage and crypto access.

Pros and Cons

Pros

• Low minimum deposit ($10)
• Crypto and forex CFDs with high leverage
• 24/7 trading including weekends
• Instant Bitcoin deposits and same-day withdrawals
• ECN execution with tight spreads

Cons

• Unregulated offshore entity
• No investor compensation or FSCS-style protection
• Crypto-only funding methods may deter traditional clients
• No MetaTrader 5 or FIX API access
• Limited transparency on liquidity providers

Frequently Asked Questions

Is EagleFX regulated?

No, EagleFX is not regulated by any financial authority and is registered offshore in Dominica.

What is the minimum deposit at EagleFX?

The minimum deposit is just $10, with Bitcoin being the primary deposit method.

Does EagleFX offer MetaTrader 4?

Yes, EagleFX offers full support for MetaTrader 4 on desktop, mobile, and web terminals.

Can I trade crypto on weekends with EagleFX?

Yes, EagleFX supports 24/7 cryptocurrency CFD trading, including weekends.

Does EagleFX offer negative balance protection?

EagleFX does not explicitly confirm negative balance protection, so clients should manage risk accordingly.