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EagleFX Fees, Spreads and Commissions Reviewed ☑️ (2022)


EagleFX - Fees & Spreads
 

 

EagleFX Fees Spreads and Commission varies according to the account type which the trader is using. EagleFX spread list starts from 0.1 pips.

 

EagleFX at a Glance

Broker’s Name EagleFX
📍 Headquartered Dominica
📅 Year Founded 2019
⚖️ Regulating Authorities None at present
🌐 Countries not accepted for trade Not indicated – EagleFX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries
☪️ Islamic account (swap-free) Yes
👍 Demo Account Yes
📊 Institutional Accounts No
📊 Managed Accounts No
📈 Maximum Leverage 1:500
💰 Minimum Deposit $10 (144 ZAR)
💳 Deposit Options Bitcoin, Credit Card, Debit Card, and Wire Transfer
💳 Withdrawal Options Bitcoin, Credit Card, Debit Card, and Wire Transfer
💻 Platform Types MetaTrader 4,Windows, Mobile, Web, iPhone, iPad
📱 OS Compatibility PC and Mac OS, mobile for Android and IOS
📈 Tradable assets offered Forex, Shares, Commodities, Cryptocurrencies
👨‍💼 Languages supported on Website English only
👥 Customer Support Languages English only
📆 Customer Service Hours 24/7
👉 Open a account 👉 Click Here

 

 

👉 Choose your quick section of our EagleFX Fees Spreads and Commission below.

 

EagleFX  Fees and spreads – 8 key points quick overview:

  1. ✔️EagleFX at a Glance
  2. ✔️EagleFX  Fees and spreads – 8 key points quick overview:
  3. ✔️EagleFX Fees and Spreads
  4. EagleFX Additional Trading Fees
  5. EagleFX Broker Fees
  6. EagleFX Pros and Cons
  7. Conclusion
  8. Frequently Asked Questions

 

 

EagleFX  Fees and spreads – 6 key points quick overview:

 

👉Here is our overview of the EagleFX Fees Spreads and Commission as well as the features that are offered, which could effect your trading.

 

EagleFX Fees and Spreads

EagleFX’s variable spreads start from 0.1 pips on EUR/USD.

The spread list offered by EagleFX is not transparent and not much information is forthcoming from the broker’s website.

Typical spreads on the EUR/USD are 0.7 pips and, on the NASDAQ, they are 1.12.

Commissions charged by EagleFX is $ 6/R88 per lot round turn. Price spreads vary throughout the day depending on factors such as available liquidity (supply and demand), market forces, volatility, and the trading session.

 

The Margin rules for EagleFX are as follows:

➡️ Margin Call at a 100% Margin Level

➡️ Stop Out at a 70% Margin Level

 

EagleFX Fees and Spreads

 

EagleFX Additional Trading Fees

When trading financial instruments such as forex, traders can often expect that overnight, or swap fees will be charged when positions are held for longer than a trading day.

It is not clear on EagleFX’s website if short positions or long positions that are held overnight will be charged with swaps. For more information on the swaps that traders can expect, traders can contact customer services.

However, EagleFX does make provision for an Islamic Account for Muslim traders who follow the Sharia Law and are thus are prohibited from earning or paying interest where the holding of open positions is concerned.

The broker does not charge any inactivity fees, but the limited number of available deposit currencies will likely mean that traders will incur conversion fees when withdrawing their profits.

EagleFX does not offer spread betting and thus spread betting fees do not apply.

 

EagleFX Additional Trading Fees

 

 

EagleFX Broker Fees

EagleFX does not charge deposit fees or withdrawal fees and will cover all bank processing charges.

Traders also need to ensure that they verify additional charges which may be waived by their financial institution. In addition, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.

 

 

 

 

 

EagleFX Pros and Cons

✔️ Pros ❌ Cons
Competitive trading conditions Not regulated
Demo Accounts offered Spreads are not the tightest
High leverage offered
Islamic Account/Swap-free provided for Muslim traders
Low minimum deposit required
No deposit fees charged
No withdrawal fees charged

 

Conclusion

EagleFX Fees Spreads and Commission varies according to the account type which the trader is using. EagleFX spread list starts from 0.1 pips.

 

Conclusion

 

 

You might also like: EagleFX Review

You might also like: EagleFX Account Types Overview

You might also like: EagleFX Demo Account – Step by Step

You might also like: EagleFX Islamic Account Overview

You might also like: EagleFX Minimum Deposit

You might also like: EagleFX Sign up Bonus

 

Frequently Asked Questions

 

How many instruments can I trade with EagleFX?

You can trade the following financial instruments:

  • Forex – 55 currency pairs, including majors, minors, and exotics.
  • Stocks – 64 global companies including Netflix and Amazon Crude oil.
  • Indices – 11 well-known indices, such as the FTSE (FTSE100) and NASDAQ (NAS100).
  • Commodities – Precious metals and energies, including gold, silver, and oil.
  • Cryptocurrencies – 38 pairs available, including Bitcoin, Ethereum, and Ripple.

 

Which platforms are supported by EagleFX?

MetaTrader 4.

 

Does EagleFX offer leverage?

Yes. EagleFX offers a maximum leverage of up to 1: 500 for forex and metals. Indices and energies can be leveraged up to 1: 200, and cryptocurrencies are available up to a maximum leverage of 1: 100.

 

What spreads can I expect with EagleFX?

You can expect variable spreads that start from 0.1 pips. Typical spreads on the EUR/USD are 0.7 pips and, on the NASDAQ, they are 1.12.

 

Does EagleFX charge commission?

Yes. Eagle FX does charge commissions which is set at $ 6 per lot round turn.

 

Is EagleFX regulated?

No. EagleFX is an unregulated broker based in Dominica.

 

Is EagleFX a recommended forex trading broker for experts and beginners?

Yes. EagleFX caters for both beginners and expert traders.

 

What is the overall rating out of 10 for EagleFX?

4/10.





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