EagleFX review: Is it a legit or scam broker? Does Eagle FX accept USA traders?
5 star review by Forex Harvey, United Kingdom
What is EagleFX?
EagleFX is a forex broker in business since 2019. It is not regulated and is using cryptocurrency for account funding and withdrawals. Eagle FX has only minor geographical restrictions and is accepting USA traders.
Clients can choose over 200 CFD instruments on Forex, Stocks, Indices, Commodities, Cryptocurrencies.
All trading is done via EeagleFX MT4 platform available on browsers, desktops, and mobile devices.
Please read EagleFX Reviews below and share live trading experiences with this broker.
Very user friendly
I used their demo account first and got plenty of practice before placing any real trades.
Once I began placing real trades I was pleased to find that the whole process is very simple and the execution of each trade was quick.
When it comes to withdrawals I’m happy to say that the longest Ive had to wait was about 6 hours.
Holding withdrawal update
Jun 26, 2022 - 2 Stars I started trading with this broker in the beginning of the month because of the good news I’ve heard about them like fast withdrawals and tight spreads, I recently ask for a withdrawal and they said they’d might have to review up to 48 hours I requested it on Friday and today is Sunday which is 48 hours and still no withdrawal they followed up and said they will complete it within the next 24 hours will update you guys on if they honor the withdrawal or not they say it’s taking longer than expected because it’s a big withdrawal, the withdrawal is only 25k so I could imagine what they would say If it was a six figure withdrawal will keep you updated
Pleasantly reliable(2+ years)
Good so far
When I signed up, the phone verification was not automated so a representative had to give me call. Although not being phone verified did not affect my ability of trading right away.
When I deposited my bitcoin, it felt really fast. EagleFX waits for 6 confirmations, but it's no big deal.
As soon as I funded my mt4 account, I started receiving a "Daily Confirmation" email, which is a statement of all the transactions made in my account. I really appreciate this.
I have not made a withdrawal yet but will update this review.
Happy with my experience so far
The main reasons I chose them is for the wide range of assets the offer - it's great to have access to crypto and stocks on the same account. Also it's good to be able to hold your trading balance in BTC for long term growth.
Would be great if they could also add some of the newer crypto coins too.
Use to believe in this broker
We kindly ask you to get in touch with our 24/7 customer support team and include your email address in your message so that we may be able to investigate your claim further by looking in to your account history.
As an unregulated broker, we are able to offer higher leverage and lower deposits compared to our competitors in order to make trading more accessible, however risk is inherent to trading and it is the individual’s responsibility to manager their own risk.
All in all a good broker for trading in the markets, been reliable for two years for me now, would recommend to someone looking for a broker with the higher leverage available, plus the 24/7 crypto if you're interested in that.
Dec 30, 2019 - 5 Stars I joined EagleFX about 5 months ago now, mostly i joined for the 24/7 crypto as i like to hold bitcoin trades. The higher leverage was a good option for me. Plus the withdrawals and deposits in BTC are also suited to me too., very fast for both, would recommend
Staying with them long term.
Bad service. Third party could not figure out deposit
We are unable to trace your payment since you deposited through a third-party service. However, we encourage you to get in touch with the bitcoin vendor and provide your details and proof of transfer, so that they would be able to investigate the cause of your issue and get this solved for you.
We also suggest that you kindly contact our 24/7 customer support team, providing your email address so that we will be able to look at your portal details and understand exactly what happened.
I was liquidated in real time and caught it on camera
I have attached my google drive with trading history log, and screenshots taken live as the scam occurred. Look guys I don't have the energy to ramble on just don't use these people or unregulated brokers in general.
We have looked into this issue and after recognizing that you had a Stop Loss in place, we can confirm that the issue was resolved by our team in an efficient manner. We recommend that you research the risks and benefits of using stop losses as you trade, as this will enable you to be aware of the potential outcomes when using this tool. Meanwhile, we thank you for providing screenshots regarding the issue you encountered.
Should you encounter any questions while you trade, you may contact our 24/7 support team for timely assistance.
Good as usual Updated
Apr 13, 2021 - 4 Stars Withdrawals are fast, easy platform to use, my only and very important complaint is servers keep going down around mid afternoon EST for example, 1720-1722 servers were down 4/13/2021.
Reply by Official_EagleFX submitted May 3, 2021 Hi there!
Thank you for providing the details of your experience. Our trading team has looked into our server history and can confirm that there was no downtime at the specified time period. However, it is most likely that you were attempting to trade the market during a minor closure.
The trading hours for all markets are fully disclosed within the desktop MT4 platform, which may be viewed by right clicking on the instrument followed by the specifications tab.
Should you encounter anything that you are uncertain about, please feel free to reach out to our support team who are available 24/7 to answer any questions and clarify anything you need assistance with.
Doing excellent work
Keep it up .
I am using for 6 months
Website laging some time .
But withdraw and deposit timing fastest then ever .
Feb 2, 2021 - 2 Stars Till now they give smooth services
Today 6 hours ago
I deposited 650$ worth of btc .
Almost 36 confirmation as per blockchain status and status confirmed .
Which means money accepted by the brocker. But the deposit still pending .
I communicate with customer care
They says technical glitches .
Thet are no glitch in blockchain .
Brocker trying to do fraud .
It's started doing fraud .
Be safe .
Avoid this brocker. Pls
Reply by Official_EagleFX submitted Feb 12, 2021 Hi Abhishrk,
We were able to locate your account based on the account ID you provided and can confirm that the issue was resolved successfully. Please be advised that the time taken for transactions to be approved is dependent on blockchain traffic. While this can usually take up to six hours, any delays in this are dependent on the speed of the blockchain at the time of depositing.
We pride ourselves on offering a completely secure storage system for funds using cold wallets. We are also proud to provide same-day withdrawals, guaranteeing fast access to your funds at all times.
Additionally, our Customer Support is here 24/7 - feel free to visit us if you have any more questions - we are available via LiveChat, phone or email.
12 months in at EagleFX
Using a BIT account I've kept the value in my BTC deposits which was key for me when spending or speculating my crypto balances. Trading spreads and conditions are well on par with other larger brokers but EagleFX offer a higher leverage up to 1:500 on FX pairs. This leverage is not for everyone and I advise caution when choosing leverage. Crypto is leveraged to 1:100 which is also more than enough.
Live chat has had its uses , especially over the weekend where others are usually shut. They offer a 24/7 trading enviroment and its key to have a live support open alongside the market.
Withdrawal speed is the jewel in the crown. 3 Blockchain confirmations and your money is in your wallet, usually faster than a couple of hours, and always same day.
Would like to see the adoption of other cryptos as deposit/withdrawal methods alongside PayPal
Jul 22, 2020 - 5 Stars Had an account at EagleFX for the best part of 1 year with raging success. Accounts are easy to set up and link my coin wallet address using the 2FA settings to secure accounts i feel comfy knowing my things are secure. The range of forex and crypo pairs got my interest along with the 247 aspect of the markets it gives me something to trade on the weekends.
I have taken a leverage option of 1:500 and lowering that is simple through the account settings , something which i am looking to do as my account balance grows.
Withdrawals are often same hour, just require a few confirmations on the blockchain to show the complete transactions.
Recently there have been a plethora of stocks to trade on the site, something which i am planning to start trading in the near future.
All round this broker seems very modern and customer orientated with 247 live support and good social medias to alert clients of trading oppotunities
Reply by Official_EagleFX submitted Aug 4, 2020 Thank you Scott for your kind words.
Nov 1, 2020 - 3 Stars Did a withdrawal request normally they all go thru same day, this one didn’t, they said they are updating the system and that’s why it hasn’t been honored yet. It’s the second day since I requested the withdrawal we will see how this goes and I’ll leave an update after
Reply by Official_EagleFX submitted Nov 12, 2020 Hi Desmond, thank you for your feedback. As a member of our team explained to you, this issue was due to the fact that the Blockchain Mempool has recently experienced clogging due to a 40% drop in the Bitcoin Hashrate.
Since we have recently implemented a software update to reciprocate Bitcoin prices and speed up the transaction process, we are sending withdrawal requests to the blockchain network manually.
Please do not hesitate to get in touch should you require any more information, we’re available 24/7 via Live Chat, email or by requesting a callback.
Update On Withdrawal Problems
Oct 30, 2020 - 5 Stars Eaglefx have been a rock solid broker and always pays withdrawals but lately they been having delays on their withdrawals, i hope this won't be the trend moving forward. get it together Eaglefx
Jul 12, 2020 - 5 Stars if your looking for a forex broker that plays no games and pays withdrawals on the same day including the weekends, Eaglefx is the broker to trade with. been with them for a little over 6 months and have no problems with them what so every, my trades are executed in a timely manner and all my withdrawals are process on the same day.
Keep Up The Good Work Eaglefx. The best broker to trade with.
Oct 26, 2019 - 5 Stars this broker is very good and pays withdrawals in 2 hours, yes they use the same broker service as some other brokers, there are a lot of companies who offer broker start up doesn't mean the brokers who use them are the same
Reply by Official_EagleFX submitted Aug 4, 2020 We understand the importance of having access to funds and as such, we proudly offer our traders same day deposits and withdrawals. Thank you for your kind words.
As a true ECN/STP broker, our spreads are provided directly by the live markets. We looked up your trade history based on the account ID you provided in your review and we did not find any trading tickets logged by your account. We highly recommend that you get in touch with our customer support team, available 24/7, so that they may help you with any issues you face while trading.
With regards to transaction times, we provide clients with a range of methods for depositing and withdrawing funds. Bitcoin transactions are the fastest available method, with processing times typically lasting between 1 and 6 hours. The time taken for your account funds to load is dependent on the Blockchain’s traffic, which you can view through blockchain.com. The same applies for withdrawals.
Being unregulated means that we are able to offer features such as high leverage and low minimum deposits to help our clients trade, among many others. We hope that this response has clarified your query. If you require any further information, our Live Chat is always open!
The EagleFX Team
Great all round service
Best broker with no tricks
Top for Crypto
Fast support team and easy withdrawals
Figured I'd give it a try as I wanted to deposit using BTC, and my usual account over at IC Markets doesn't take BTC.
So far I've been really impressed with how smooth and easy everything has been, deposits and withdrawals have been quick - the support have been helpful in addressing issues when they arose.
No complaints, from me so far - will update as things progress.
As a true ECN/STP Broker, all trades are sent directly to our liquidity providers, without the need for any dealing desks.
We encourage you to contact our 24/7 Customer Support Team via Live Chat or email if you think that your trade has been affected negatively, or request a callback so that one of our trading professionals can look into the issue further for you. Please include your MT4 account number and the ID of the affected trades in your message.
efficient and reliable
All round good broker
They have a wide range of Crypto to trade, such as XRPUSd, ETHUSD and BTCUSD and many more, but they are the only ones that I trade.
I had a few questions, so I hopped on live chat and they were helpful.
I made my first withdrawal in the week after holding a BTCUSD long, and it was processed within a few hours and hit my Coinbase account.
I would say that they are decent. I also had a look at their Forex/Stocks options and the spreads are relatively good.
Great all rounder
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 .
Lost so much money from lagging servers
Connect to server and it takes 5 mins sometimes to reconnect. Now you lose more money..... b book broker makes sense
Once we receive your trading information, we will get back to you with a report and look at reimbursing you if warranted. Rest assured we are a fully transparent STP broker meaning that orders are filled by a pool of liquidity providers. The broker is no way a dealing desk and gains a commission through positions opened and closed. We look forward to hearing from you so we can resolve this matter.
Overall Great Broker
High Quality great service and fast connections!
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.
Issue Fixed RE: Beware!!!!!! Questionable withdrawl process
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.
So far, so good for me with this broker
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,
No same day withdrawals,
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 was unable to find you within our system to take a closer look at your account.
As part of our commitment to our client’s overall user experience, we always process withdrawals on the same day of submission. We truly understand the importance of clients having access to their funds.
Sometimes, circumstances beyond our control can affect the speed of a withdrawal. This is most commonly the speed of the Blockchain that can cause delays in receiving funds. We advise all clients to allow up to 6 confirmations on the Blockchain for funds to land. This ensures the security of the transaction.
For us to look further into your account, please get in touch with us and one of our dedicated support team can assist you further.
Contact us on LiveChat, or request a callback. Alternatively, email us on firstname.lastname@example.org. Support is open 24/7.
We look forward to hearing from you.
Best all round broker for my needs
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 for forex. Best for crypto!
Good all rounder
"Spoofing" on aggressive traders!
Rest assured that we in no way manipulate markets and prices come directly from our liquidity providers.
Trading CFD's with leverage comes attached to risk, especially in volatile markets.
That being said, we are committed to providing our clients with pristine trading conditions coupled with professional customer support.
For us to look further into your account specifically, please get in touch and provide us with the Trade ID’s of any affected trades so we can investigate further.
You can contact us on LiveChat and we are also available for call back requests through our website. Alternatively, you can email us at email@example.com. Our dedicated support team is available 24/7.
We look forward to hearing from you.
Haven’t used for long but good so far
Nov 19, 2019 - 5 Stars I've been using them since switching from another and I love the support 24/7.
When I make a withdrawal it's done in 2 hours! Spreads are tight too and good if you like trading cryptos.
I should not invest here
Jan 6, 2020 - No Rating This is a fake foreign exchange platform. The slippage caused my fund balance to be negative, but I should not continue to deposit. They said that I must bear the losses caused by the slippage. No Forex platform treats customers this way. So I want to tell everyone that this is an irresponsible fake platform, don't deposit money here
As part of our ongoing commitment to our client user experience, we invite traders to speak with us when their account is in a negative balance. From here we can move forward and review your account and look to get you ‘trade ready’ again.
Please get in touch with us and we can look to investigate this further for you. If you have an existing ticket regarding this matter, please provide the Ticket ID to a member of our support team.
You may contact us via LiveChat or submit a call back request through our website. Alternatively, you can email us on firstname.lastname@example.org
We look forward to hearing from you.
Great for crypto trading
All round good broker
All good so far!!!
Frequently Asked Questions
Is EagleFX a good and legitimate forex broker?
Please come back often as broker services are very dynamic and can improve or deteriorate rapidly.
Additionally, we recommend to check recent Eagle FX broker community discussions: https://www.forexpeacearmy.com/community/tags/eaglefxcom/
What can I trade on EagleFX?
- Forex currency pairs
- Precious metals
- Stock indices
What are EagleFX's methods of deposit and withdrawal?
- Visa Mastercard
- Wire Transfer
Is EagleFX regulated?
Please read unbiased traders reviews on Forex Peace Army and recent forums posts here: https://www.forexpeacearmy.com/community/tags/eaglefxcom/ to decide whether EagleFx is a good forex broker for your trading needs.