General Information

EagleFX is an online forex and cryptocurrency STP broker offering investors CFDs on hundreds of assets and the optimal trading environment. EagleFX offers deep liquidity, up to 1:500 trading leverage, and some of the best spreads in the industry. EagleFX is not currently subject to any active regulation.

EagleFX offer a variety of market instruments, including cryptocurrencies like Bitcoin and Ethereum, commodities such as gold and crude oil, stocks from global exchanges like Apple and Amazon, indices like S&P 500 and Nasdaq Composite, and futures contracts on various assets. EagleFX provides Real and Demo Accounts for traders to engage in live or simulated trading. The platform offers a user-friendly MetaTrader 4 (MT4) interface with comprehensive tools and features for efficient trading, including real-time market data and charting capabilities. While EagleFX lacks regulation, traders should exercise caution and conduct thorough research. The leverage ratios vary across different asset classes, with Forex and Metals at 1:500, Indices and Energies at 1:200, Cryptocurrencies at 1:100, and Stocks at 1:20. EagleFX implements variable spreads and charges a fixed commission fee of $6 per lot traded. Traders can reach their 24/7 customer support for assistance, and convenient deposit and withdrawal options are available.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Is EagleFX legit or a scam？

EagleFX is registered in Dominic, but it is not regulated by any reputable financial authority. It's crucial to understand the risks associated with trading with an unregulated broker. Without oversight from regulatory bodies, there is a higher risk of unfair practices and inadequate protection of clients' funds. Traders must conduct thorough research and exercise due diligence before considering opening an account with an unregulated broker. It is important to prioritize the safety and security of funds by choosing a broker that is regulated by recognized financial authorities.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, futures .....EagleFX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on EagleFX.

1. Cryptocurrencies:

   EagleFX provides a wide range of cryptocurrencies for trading. This includes popular digital assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Cryptocurrencies offer traders the opportunity to speculate on the price movements of these decentralized digital currencies.

2. Commodities:

EagleFX offers a variety of commodities for trading, allowing investors to participate in the global commodities market. Examples of commodities available on the platform include gold, silver, crude oil, natural gas, platinum, and agricultural products like corn, wheat, and coffee. Trading commodities can be influenced by factors such as supply and demand, geopolitical events, and economic indicators.

3. Stocks:

EagleFX allows traders to access a selection of stocks from different global exchanges. These stocks represent ownership in various companies across industries such as technology, finance, healthcare, and more. Examples of stocks available for trading may include Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Google (GOOGL), and Facebook (FB). Stock trading can involve analyzing company fundamentals, news, and market trends.

4. Indices:

EagleFX offers a range of indices, which are a compilation of multiple stocks representing a specific market or sector. Investors can trade on the price movements of indices such as the S&P 500, Dow Jones Industrial Average (DJIA), Nasdaq Composite, FTSE 100, and Nikkei 225. Trading indices provides exposure to broader market trends rather than individual stocks.

5. Futures:

EagleFX provides futures trading opportunities to investors. Futures contracts allow traders to speculate on the future price movements of various assets, including commodities, currencies, and stock indices. Futures can be used for hedging purposes or to capitalize on price fluctuations. Popular futures contracts include crude oil futures, gold futures, S&P 500 futures, and Eurodollar futures.

It's important to note that the availability of specific market instruments may vary and can be subject to market conditions and regulations. It's advisable to consult the EagleFX platform or contact their customer support for the most up-to-date information on the instruments they offer

Pros and Cons

EagleFX offers a wide range of market instruments, a user-friendly MetaTrader 4 platform, and comprehensive educational resources. Their 24/7 customer support ensures assistance whenever needed. However, the lack of regulation raises concerns about fund protection and fair practices. Limited information on bonuses and promotions is provided. Traders should exercise caution and conduct thorough research before considering trading with EagleFX.

Spreads and Commissions

EagleFX implements a variable spread, meaning that the spread value continuously changes based on the ask and bid prices in the market. This dynamic spread allows traders to experience real-time pricing and reflects the liquidity and volatility of the specific asset being traded.

In addition to the spread, EagleFX applies two types of fees during trading:

1. Commission Fees: Traders are charged a fixed commission fee of $6 per lot traded. This fee is applicable for each round-turn trade executed.

2. Swap Fees: Swap fees are applied when a position is held overnight. The specific swap fees vary across different assets. For detailed information on swap fees, it is advisable to contact EagleFX directly or refer to their resources.

These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with EagleFX, we recommend that you take the time to calculate these transaction costs.

Account Types

Demo Account: EagleFX provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: EagleFX does not provide much real account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.

How to open an account？

Here's a description of the account opening process for EagleFX, including 3-5 steps:

1. Visit the Website:

   Start by visiting the EagleFX website and locating the account opening section. Look for a “Sign Up” or “Open an Account” button to initiate the process.

2. Registration:

Click on the account opening button and fill out the registration form. Provide the required information, including your name, email address, and desired password. Ensure that all details are accurate and complete.

3. Account Type Selection:

Choose the type of account you wish to open, such as a Real Account or Demo Account. Consider your trading preferences and objectives when making this selection.

4. Verification:

Complete the verification process to confirm your identity. This may involve providing additional documentation, such as proof of identification (passport, driver's license) and proof of address (utility bill, bank statement).

5. Fund Your Account:

Once your account is verified, you can proceed to fund it. Select your preferred deposit method from the available options, which may include bank transfers, credit/debit cards, or e-wallets. Follow the instructions provided to complete the deposit process.

Note: The specific steps and requirements for account opening may vary, and it's essential to consult the EagleFX website or contact their customer support for the most accurate and up-to-date information regarding their account opening process.

It's important to consider that trading involves risk, and individuals should carefully review the terms and conditions of EagleFX before opening an account.

Trading Platforms

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

Leverage

EagleFX offers varying leverage ratios for different asset types, allowing traders to amplify their exposure to the market. Here's a brief overview of the leverage ratios provided by EagleFX:

For stocks, the leverage ratio is 1:20, meaning traders can trade with 20 times their account balance.

Forex and Metals have a leverage ratio of 1:500, enabling traders to control positions that are 500 times their account balance. This higher leverage can potentially magnify profits or losses.

Indices and Energies have a leverage ratio of 1:200, giving traders the ability to trade with 200 times their account balance.

Cryptocurrencies have a leverage ratio of 1:100, allowing traders to control positions that are 100 times their account balance.

It's important to note that while leverage can increase potential gains, it also magnifies potential losses. Traders should exercise caution and carefully manage their risk when utilizing leverage. Understanding the specific leverage ratios for each asset type is crucial to making informed trading decisions.

Please note that leverage ratios are subject to change and may vary based on market conditions and regulatory requirements. Traders should consult the EagleFX platform or contact their customer support for the most up-to-date information regarding leverage ratios for different asset classes.

Deposit and withdrawal methods and fees

EagleFX offers convenient options for depositing and withdrawing funds. For deposits, traders can choose from credit/debit cards, bank wire transfers (via Instacoins), or Bitcoin. The minimum deposit amount for credit/debit cards and bank wire transfers (via Instacoins) is $50, while for Bitcoin, it is $10.

For withdrawals, traders can use Bitcoin or withdraw via Coinbase and Alipay. The minimum withdrawal amount for Bitcoin is $10, regardless of the currency (USD, GBP, EUR). It's important to note that the availability and specific withdrawal methods may be subject to change or regional limitations.

EagleFX also provides the BITs option, which allows traders to take advantage of Bitcoin's fluctuating market prices. The value of BITs may vary based on the Bitcoin spot exchange rate driven by various factors.

For detailed and up-to-date information on deposit and withdrawal methods, it is recommended to consult the EagleFX website or contact their customer support.

Customer Support

EagleFX provides comprehensive customer support to assist traders with their needs. Their dedicated staff is available 24/7 to address inquiries and provide assistance. Traders can reach out to the support team through various channels, including phone, email, and live chat on social platforms such as Facebook. Whether you have questions about account-related matters, technical issues, or general inquiries, the customer support team is ready to help you in any way possible. Their commitment to round-the-clock support ensures that traders receive timely assistance whenever they need it.

Educational resources

EagleFX offers educational resources to support traders in their journey. They provide tutorials, blog posts, and other informative content to help traders enhance their knowledge and skills. Additionally, EagleFX has an extensive FAQ section on their website, addressing common questions about trading, account management, and platform features. By providing these educational materials and comprehensive FAQs, EagleFX aims to empower traders with the information and insights they need to make informed trading decisions and navigate the financial markets effectively.

Customer support of EagleFX

EagleFX offers educational resources to support traders in their journey. They provide tutorials, blog posts, and other informative content to help traders enhance their knowledge and skills. Additionally, EagleFX has an extensive FAQ section on their website, addressing common questions about trading, account management, and platform features. By providing these educational materials and comprehensive FAQs, EagleFX aims to empower traders with the information and insights they need to make informed trading decisions and navigate the financial markets effectively.

Below are the details about the customer service.

Language(s): English

Service Hours: 24/7

Online chat, call back, submit a ticket

Social medias: Facebook, Instagram, twitter.

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Conclusion

EagleFX is an online trading platform catering to a diverse range of traders. They offer a variety of market instruments, including cryptocurrencies, commodities, stocks, indices, and futures. The platform provides Real and Demo Accounts for live or simulated trading. While EagleFX lacks regulation, they offer a user-friendly MetaTrader 4 interface with comprehensive tools. Leverage ratios vary across asset classes. EagleFX implements variable spreads and charges a fixed commission fee of $6 per lot traded. Traders can reach 24/7 customer support, and convenient deposit and withdrawal options are available. However, it's crucial to note the lack of regulation and exercise caution. Conducting thorough research before trading with EagleFX is recommended.

FAQs

Q: Is EagleFX a regulated broker？

A: No, EagleFX is not a regulated broker.

Q: What trading instruments are available at EagleFX？

A: EagleFX offers a wide range of trading instruments, including Cryptocurrencies, Commodities, Stocks, Indices, Futures

Q: Does EagleFX offer a demo account？

A: Yes, EagleFX offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

Q: What trading platforms does EagleFX offer？

A: EagleFX offers a trading platform MetaTrader 4.

Q: Does EagleFX offer any bonuses or promotions？

A: It is not clear if EagleFX offers any bonuses or promotions, as the information is not provided on their website.

Q: What is the maximum leverage offered by EagleFX？

A: The maximum leverage offered by EagleFX is 1:500.

Q: Are there any Inactivity Fees？

A: No, customers are not charged any inactivity fees.

Founded in 2015, Anzo Capital is a financial brokerage registered in the United Kingdom. It offers access to a wide range of products, including forex pairs, commodities, and CFDs. The company provides risk-free demo accounts and two types of live accounts with a minimum deposit requirement of $100 and a maximum leverage ratio of 1:1000. Additionally, Anzo Capital holds regulatory licenses from the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).

Pros and Cons

Is Anzo Capital Legit?

Yes, Anzo Capital is a legitimate broker holding two regulatory licenses. It possesses a Financial Services license issued by the Financial Conduct Authority (FCA) with the number 739550. Additionally, it holds a Financial Services license issued by the Australian Securities & Investments Commission (ASIC) numbered 362215.

Regulated Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Regulated	Financial Conduct Authority (FCA)	ANZOGLOBAL LLP	Financial Service	739550

Regulated Country	Current Status	Regulated Authority	Regulated Entity	License Type	License Number
	Regulated	Australia Securities & Investment Commission (ASIC)	ANZO CAPITAL (AUST) PTY LTD	Financial Service	362215

What Can I Trade on Anzo Capital?

On Anzo Capital, you can access these tradable instruments: Forex pairs (AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, CAD/CHF, CAD/JPY, ...), precious metals (gold, silver, ...), Crude Oil CFDs (WTI Crude Oil Spot and Brent Crude Oil Spot), Index CFDs (Australian ASX200 Index, Dow Jones Industrial Average, Euro STOXX 50 Index, FTSE 100 Index, ...), and Stock CFDs (AIA Group Ltd -1299.HK, Alibaba Group Holding Ltd - BABA, Alphabet Inc - GOOGL/GOOG-A).

Account Type

Anzo Capital offers two types of live accounts: ECN and STP. Both accounts have a minimum deposit requirement of $100and a maximum leverage of 1:1000.

Additionally, Anzo Capital provides a demo account, which offers a certain amount of virtual funds for free, allowing you to adapt to the investment market and reduce risks when making real investments.

How to Open an Account on Anzo Capital?

The procedures to open an account on Anzo Capital are not easy. You need to complete the following steps.

Step 1: First, you need to enter your personal information, including your name, email, phone number, and set a password.

Step 2: Then, you need to provide some additional information and configure your account by selecting your preferred account type, leverage, trading account currency, and trading platform, and setting a transaction password.

Step 3: Finally, you need to verify your identity by uploading a copy of your Chinese ID card.

Leverage

The maximum leverage offered by Anzo Capital is limited to 1:1000 for both account types, which is considered quite high and poses a significant risk. However, when registering your account, you can choose a suitable leverage level, with the minimum being as low as 1:10.

Spread and Commission

The spreads are influenced by market conditions, so the spreads offered by Anzo Capital are floating for both account types. However, in terms of commissions, the STP account is free, whereas the ECN account charges $4 or an equivalent amount.

Trading Platform

On its website, Anzo Capital primarily displays information related to the MT4 platform, offering it in various versions such as desktop, web, and mobile. However, upon registering an account, we discovered that there is also an option to select MT5 as the trading platform. Therefore, at Anzo Capital, you have the choice to enjoy the benefits of two of the world's leading trading platforms.

Deposit and Withdrawal

There is only one way to make a deposit and withdrawal on Anzo Capital, which is through bank transfer, and they only accept CNY.

The minimum deposit amount is 3,000 CNY, and the minimum withdrawal amount is $150.

Fortunately, they do not charge fees for deposits and withdrawals.