EagleFX review: Is it a legit or scam broker? Does Eagle FX accept USA traders?

I was pleasantly surprised by the speed of these guys with their withdrawals.
Landed in account in no time , no messing about.
Others have said it the Crypto trading is a real draw for me , you can trade at the weekends if needs be .
Good spreads good selection of instruments ,got yourselves another customer with me .

Jan 21, 2020 - 4 Stars Joined up roughly 4 months ago .
I love the fact you can deposit in BTC which makes withdrawals so much quicker.
Lots of Crypto pairs , good for Forex too cant fault them at all .

Price slipps from stop loss and broker doesn’t pay you back.

Connect to server and it takes 5 mins sometimes to reconnect. Now you lose more money..... b book broker makes sense

No KYC required to signup so creating an account takes like 10 minutes. Depositing money via bitcoin took about an hour which is pretty fair. Withdrawals were pretty fast compared to other brokers. My withdrawal took maybe 3 hours at the most. Spreads are great as well.

Got to be one of the best brokers around. Ive been with a few brokers and this by far is the one that stands out from the crowd for all the right reasons. Outstanding platform and the spreads are perfect. All in all 10/10 . For crypto and forex you wouldnt use anyone else

Been Using this broker for 6 months now and even tho i mainly used them for crypto trading to start now they are my main broker and have moved every thing over. So far i have had no speed issues and easy deposit and withdrawals. love the web trader option and even runs a small EA i have with flawless problems.
What a great allround broker with great customer service!

Jan 18, 2020 - 5 Stars been using eaglefx for a while now and have no issues what so ever. i thought i had a problem at one point and contacted them, they were happy to help and it was actually my vpn that i had with someone else that was down. they confirmed all my account issues and where very supportive.

I made a post about issues with the withdrawal process about two weeks ago. This post is to provide an update. I eventually submitted another withdrawal request, which ultimately was approved. After the withdrawal request, customer service contacted me on several occasions to ensure the withdrawal was completed smoothly and explained what caused the delay. I was impressed that the company took the efforts to personally contact me to get my feedback on its continuing success.

May 1, 2020 - 1 Star I recently created an account with Eagle Fx because they advertise fast withdrawals. Opening an account took less than 10 minutes and requires no KYC. My deposit was credited within an hour. The problem happened when I requested a withdrawal. After 4 hours, my withdrawal was still pending so I conducted a live chat to inquire about my request. Below is a copy of the conversation where they explained why my withdrawal wasn't approved at the time. There is no problem with the block chain network when I make a deposit but when it comes to making a withdrawal, there is suddenly an overcapacity issue with the blockchain network.

As of now I strongly urge people to be cautious if they decide to open an account with them.

I canceled my withdrawal and going to attempt to request one later and willing to update my post if/when my withdrawal is successfully processed. UNTIL THEN PROCEED WITH CAUTION!!!!!!!!!!

Delilah 01:26:32 am
Ok, we are currently unable to approve withdrawals due to the current issues with the Blockchain that is preventing us from doing so, as soon as it allows, this will be approved and you will receive an email to confirm this.

Me 01:27:24 am
So basically I will not be able to receive any money from this company?

Delilah 01:28:36 am
Kindly note that currently due to the mempool being overcapacity, it is causing delays on Bitcoin passing through the Blockchain network. Unfortunately, as this is an issue coming from Blockchain traffic, it is out of our control.

We kindly ask for you to have some patience for this to be sorted out from their end.

Me 01:29:27 am
well cancel my withdrawal.

Reply by Official_EagleFX submitted May 11, 2020 Hi Kedric



We hope this message finds you well! We were delighted when we successfully got in touch with you to fully explain why there were initial delays to your withdrawal request.



Sometimes circumstances beyond our control can impact the speed in which withdrawals are processed. In your case: The Bitcoin ‘Mempool’ being full.



When a Bitcoin transaction is transmitted to the Blockchain network, it first gets verified by available Bitcoin nodes (i.e. computers participating in the Bitcoin network).



After the transaction successfully passes verification by a node, it sits inside that node’s “Unconfirmed Transactions” area known as the “Mempool” (short for Memory Pool). The transaction patiently waits until a miner picks it up and adds it in the next block.



The Mempool is the holding area for all pending Bitcoin transactions. Every node has a different capacity for storing unconfirmed transactions. As a result, each node has its own rendition of the pending transactions. This explains the variety of Mempool sizes & transaction counts as some nodes have more computing power than others.



It was due to the mempool being at capacity and increased network traffic that caused delays to your transaction being processed.



As part of our ongoing commitment to our users’ overall experience, we have since credited your account with the initial $110 withdrawal request as a gesture of goodwill.



We aim to process withdrawals within 30 minutes of submission and advise customers to allow up to 6 hours for withdrawals to clear into their Bitcoin wallets. In your case 4 hours had elapsed yet we felt that in this special circumstance, we would offer you with the full reimbursement of your initial withdrawal request.



We look forward to servicing you as a broker going forwards and providing you with the best possible conditions to trade successfully.



Should you require any further assistance in the future, please do not hesitate to get in touch. We are available 24/7 via LiveChat, email and you can even request a call back at a time that suits you best.



Many thanks, Support.

I've been using this broker for the past 12 months or so now and have had a very pleasant experience. They initially caught my attention as they were offering very good crypto trading conditions and I had been keen to get into some crypto trading along side my forex. So far, so good. I don't have any complaints to make about them, customer service has always been fast and friendly, my withdrawals usually hit my account within around 4 hours or so (depending on the btc network) and it works with MT4 which I use on my phone.
The fees also seem very reasonable and competitive when compared to other brokers. I wish the spread on Bitcoin was a bit tighter, but with 1:100 leverage on cryptos, i can't complain too much! There's not many places offering that,

Ive been trading for years also been using bitcoin since 2010 so when I spend hours charting up only to be held back by the super slow processing time GJ had suck before I could even trade on the platform, so I brush it off & wake up with my deposit completed! I submit a withdrawal that moment **THE BEST PART**
Im still waiting on my withdrawal as I write this so if it comes tomorrow perfect, if they scam me ill take my L but don’t even consider them as a brokerage HUGOSWAY never did me wrong ( i only made a EFX account cause i was bored & wanted to see if they was legit enough for me to actually drop racks & flip but not here not ever!

I originally started on a different broker when I started trading, using both demo and live accounts. I haven't got anything bad to say about them but I was looking at brokers that could offer a few bits extra. For example I wanted quicker withdrawals if possible and the ability to trade crypto if I wanted to.

After doing reading some reviews here and a few other places I found that EagleFX seemed to tick the majority of the boxes. I can deposit via my Coinbase account which is relatively quick but the ability to withdraw via the same method normally results in the money in my wallet in around 2 hrs. On the odd occasion I needed to use the customer support I found their live chat very friendly and quick to help me which I really appreciate. No sending off emails with a 48hr+ turnaround.

I first demoed with them to get a feel for the platform and test out some EAs and manual trades and found the spreads good and once live the commisions competitive compared to my other broker. More recently in light of the Covid-19 outbreak I have found the markets very solid during these volitile markets.

A little bonus that I found myself using that I wasn't expecting was their web trader. I normally use MT4 as do most but found myself using the web trader when sat at my desktop which is at least as fast. Nice little addition. As are the daily news bulletins. Very nice way to get a rounded view of the day ahead. Very happy and for now see no reason to change my broker. Reliable and thus far trustworthy!

Great broker. Great place for trading cryptos 24-7. Only place you can trade so many cryptos using MT4 platform 24-7 no less. Many other forex brokers shut down on Fridays. Highly recommended for fast withdrawals and 24-7 customer service.