EagleFX, established in 2019 and headquartered in the Dominican Republic, is a forex broker that offers a variety of trading instruments, including forex, cryptocurrencies, commodities, indices, futures, and stocks.
Company Overview
It was founded in 2019 and is registered in the Dominican Republic. The corporate details of EagleFX can be consulted with the Dominican Company and Intellectual Property Office. The website domain of the broker has been registered on January 4, 2004, while the latest update in it occurred on January 5, 2024.
Trading Platforms and Account Types
Broker uses one of the most popular and professional trading platforms, MetaTrader 4 (MT4). MT4 completely meets the demands of both professional traders and beginners. EagleFX gives an opportunity to open both demo and real accounts. The demo account lets one practice with no risk, while detailed information about the real ones isn't fully disclosed.
Demo Account
The demo account allows users to simulate trades in a real market environment, helping novices get accustomed to platform operation and trading rules.
Real Account
Although the broker provides real accounts, it does not elaborate on their features and benefits. Prospective users are advised to fully understand the terms before opening a real account.
Regulation and Risk Warning
Over the years, traders have considered regulatory compliance among the most important issues to consider. Currently, however, EagleFX is not regulated by any financial regulatory authority, and hence traders should be cautious and on full guard against investment risk on this platform. Particularly because such a non-regulated company might not keep safe funds.
Trading Products
EagleFX offers several types of trading products to meet the different needs of different investors: forex trading, cryptocurrency, commodities, stocks, indices, and futures. On the other hand, forex trading is probably among the most popular choices, including major currency pairs with a selection of minor ones, hence appealing to both novice and seasoned traders. Moreover, it allows trading in cryptocurrencies such as Bitcoin and Ethereum, commodities like gold and oil, and a number of global stock indices. This variety of products on offer will make it possible for investors to diversify their portfolios and find plenty of trading opportunities.
Trading Conditions and Fees
The broker offers a diverse range of leverage options to meet the needs of traders with different risk appetites.
Leverage Conditions
- Forex and Metals: Leverage up to 1:500, suitable for traders willing to take on higher risks.
- Indices: Leverage up to 1:200, providing a medium-risk trading option.
- Stocks: Leverage of 1:20, more conservative, suitable for stable investors.
Commissions and Spreads
There is a per trade commission of $6 charged by EagleFX, while swap fees apply to overnight positions. The spreads vary with fluctuating market demand and are subject to immediate change; specific spread data is available within the MT4 Terminal.
How to open an account?
- Log in to the official website
- Click the SIGNUP button in the top right corner
- Fill in the basic information
The following video clearly demonstrates the EagleFX account opening process.
Educational Resources and Social Media Activities
Educational Resources
On the website, there are many learning materials, mostly blog content dominating the Education section. Also, these blogs contain some key knowledge about the markets, tutorials of technical analysis, and interpretation of economic events that would make their users more competent in trading to guide them through the learning curve. They also provide factual insights into trading and analyzing the markets for beginners.
Social Media
In the context of social media, the broker has three platforms: Facebook, Instagram, and Twitter. As at the cut-off date, the most recent posting on the Twitter handle of the broker was on November 15, 2024. Social media also allows one to connect to the platform for instant interaction.
Website Traffic
According to data from SEMrush and Ahrefs, the global organic traffic and distribution for EagleFX’s website are as follows:
Organic Website Traffic
According to SEMrush, EagleFX’s organic search traffic is about 5.5K per month, covering 474 keywords. Ahrefs data indicates 1.3K organic traffic per month.
Traffic Distribution
Organic traffic to the EagleFX website comes mainly from the United States, South Africa, the UK, Nigeria, and Canada. According to SEMrush, the US takes the lion's share, with approximately 69% of the total organic traffic, at about 3.8 K visits each month, no doubt huge influence in the American market. Further behind comes South Africa, which constitutes about 8.7% of organic traffic or about 479 visits monthly, underlining the prominent presence within the African region.
Organic traffic for the United Kingdom is 4.8%, representing about 265 visits monthly. Next, Nigeria contributes 4% organic traffic, which is about 51 visits. For Canada, the share of organic traffic is 2.4%, with about 30 visits every month. As can be seen from the above figures, its customer base spans across many countries and continents, and although the United States is the largest market for this broker, it has quite ok activities on this platform in other regions.
Customer Support and Contact Information
EagleFX offers multiple contact channels to ensure users can get assistance promptly when needed.
Online Support and Contact Methods
- Live Chat: Provides real-time chat service, suitable for rapid query resolution.
- Email: Ideal for more complex issues, allowing users to receive detailed responses.
- Phone Contact: Offers direct communication, suitable for resolving urgent issues.
Affiliate and Rebate Program
EagleFX employs a multi-tier affiliate rebate model named the EAGLEFX AFFILIATE PROGRAM.
Structure of the Affiliate Program
It includes five levels in total, which allow affiliates to promote the web platform using special affiliate links. After every web registration via those links and the beginning of trading, the affiliate receives $4 for each standard lot traded. A commission of the fifth level may reach $5 per lot. Such a multilevel affiliate structure will guarantee for the affiliates very long-term revenues and enhance their motivational stimulus for the promotion of the web platform.
Commission Payouts
Commissions are paid weekly to affiliates' MT4 accounts, allowing continuous rebate earnings as long as the referred users keep trading.
Conclusion
Over all, EagleFX provides traders with numerous trading tools, including the multifunctional trading platform. With varied choices of leverage and trading instruments, they stand to be very appealing to a wide category of investors. The lack of regulation information, however, adds some amount of risk regarding fund security and requires investors to exercise some good risk management practices before using it.
