EagleFX Trading is a forex broker whose official website domain was registered on August 16, 2023. It primarily provides investors with financial derivative trading services such as forex, stocks, indices, energy, metals, and ETF contracts for differences. The broker does not offer services to jurisdictions where it might violate local laws or regulations.
Registration Information and Regulatory Status:
According to information publicly available on EagleFX Trading's official website, the broker has multiple corporate entities under its umbrella, regulated by several authorities. EagleFX Trading Ltd is authorized and licensed by the Cyprus Securities and Exchange Commission (CySEC), with license number 1780019. EagleFX Trading (registration number HRB11677B) is a designated agent of Ultra Booster Trade Ltd in Germany, registered with the Federal Financial Supervisory Authority (BaFin), and it was authorized by the Mauritius Financial Services Commission (FSC) on October 2, 2017, as an Investment Dealer, regulated under license number C17554381. TVH Ltd is authorized and regulated by the Seychelles Financial Services Authority (FSA), with license number SD0175.
Upon verification of its official website information, the Cyprus Securities and Exchange Commission (CySEC), the German Federal Financial Supervisory Authority (BaFin), the Mauritius Financial Services Commission (FSC), and the Seychelles Financial Services Authority (FSA) have not found any regulatory registration information for this broker.
Account Opening:
To open an account with EagleFX Trading: visit the broker's official website, click on “SIGN UP FOR FREE” on the homepage or “SIGN UP” at the top right corner of the web page, enter personal information such as name, email address, and set a login password before submitting. Once the application is submitted, the account will be successfully registered.
Account Types:
EagleFX Trading offers a demo trading account and four different types of trading accounts: STARTER, BASIC, PRO, EXECUTIVE. However, information related to spreads, trading leverage, margin call/stop-out levels, contract sizes, trading commissions, minimum/maximum trading volumes, maximum number of positions/orders, and minimum price precision is not disclosed on their official website.
Trading Platform:
EagleFX Trading provides users with a proprietary trading platform.
Deposit and Withdrawal:
EagleFX Trading supports deposits and withdrawals via local banks, e-wallets, or cryptocurrencies.
Conclusion:
Traderknows warns investors that EagleFX Trading is a scam platform providing false regulatory information. The website design and content of this broker are identical to those of Sterling Asset, FS Main, Venus Mining, Upfront Fx Trade, Safe Invest Trades, and Reliable Bitcoin Mining. Traderknows advises investors to choose brokers that are transparent, strongly regulated, and have a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
