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Topic: EagleFX Review 2023

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EagleFX Review 2023

EagleFX assists traders in trading on the Forex market. The company is registered in the Dominican Republic and provides financial services to traders from all over the world. EagleFX offers clients the following instruments: stocks, currency pairs, cryptocurrencies, commodities, and indices. Trading using the service of copying transactions, automated programs, and PAMM accounts is not provided. EagleFX received three awards in 2020 for “FX Broker With Best Withdrawal Options”, “Best ECN/STP Broker” and “Best Forex Broker”.To get more news about eaglefx review, you can visit official website.
For beginners, EagleFX is a great option: the minimal deposit is not high, there are enough assets to learn how to trade, and the demo account has no restrictions. There are no educational materials, news, or quotes on the broker’s website. But the professionals most likely will not be unhappy: there are not that many assets, and the lack of regulation and compensation funds do not inspire confidence. I have traded on this platform but at a small volume. I had no problem withdrawing funds multiple times but I do not want to risk my capital. Therefore, for trading in large volumes, I choose another broker. But I sometimes use the demo account to test different trading strategies. So I cannot recommend this broker for all activities, I can only say that its terms are mostly designed for novice traders, but not for professionals.
I liked EagleFX’s user-friendly website and its awesome support service. Basic information about the broker is freely available, and if something is not there, the support service will respond instantly! The support service is very good. Opening an account is also easy and doesn’t take a lot of time. It took me 10 minutes in total, with the account funding. The trading terminal is standard, and I already understand a little how it works. As for me, its significant disadvantage is that there are no tutorials. Not even one. There is not a single article about the specification of assets, trading features, or trading strategies. I had to look for all these at other brokers’ portals or on specialized websites. It is not convenient. But for now, I will continue trading here until I make my final conclusions about this broker.
My trading strategy is scalping, and the speed of execution is extremely important to me. EagleFX is an STP broker and the order execution speed is satisfactory here. For at least two months of work, I did not have any slippages or freezes. The trading platform is standard, so I see no reason to discuss this: all Forex traders are familiar with MT4. But it is worth talking about funding and withdrawals. With EagleFX, this speed is not instant, but at the same time, I know for sure that transactions are protected. The use of the blockchain system is the best solution in this regard. Especially considering that the funds are not on the broker’s servers but in cold storage. I am completely satisfied with trading with IFH, so I can safely recommend the broker to traders, regardless of whether they are professionals or are just taking their first steps on the Forex market.
EagleFX is a Forex broker that provides its services to novice and experienced traders. The company aims to cooperate with active traders; consequently, there are no programs for passive earnings. The exception is the availability of a multilevel referral program. To start trading, the user only needs to make a deposit of $10 if the transaction is carried out via Bitcoin, or $50 if depositing funds in another way.

The company uses ECN and STP technologies. Thanks to them, the traders receive instant order execution without slippage. They also trade with minimal spread indicators. This method of execution provides traders with a variety of trading strategies, including scalpers, to trade with EagleFX. Bitcoin cold storage is responsible for storing clients’ capital, that is, funds are not stored on the company’s servers and are protected from hacking by fraudsters.

It should be noted, however, that the activities of the EagleFX broker are not regulated by any authority. There is no cooperation with compensation funds that can compensate traders for their loss if EagleFX becomes insolvent.

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