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

3.784 • 60 REVIEWS
Updated: Sep 21, 2023

5 star review by Forex Harvey, United Kingdom

EagleFX are a reliable broker which I use for forex and 24/7 crypto. I have not had any issues with deposits and withdrawals, where I always use bitcoin. The customer service team is also more helpful than other brokers I have used.

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.

Other website of this company include EagleFXPortfolio.com.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 500:1
Minimum to Open Live: $10
Established: 2019
Address: 8 Copthall, Roseau Valley 00152, Dominica
Contact: Unknown
Regional offices:
Prohibited countries:
Trading platforms: MT4, WebTrader
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
Cryptocurrencies: (30+) Bitcoin, Litecoin, Ethereum
CFD: (20+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
Withdrawal Methods: Bitcoin, Coinbase, PayPal
* Please check broker website for more information
3.784 • 60 REVIEWS

Recent User Reviews of EagleFX

Usa, USA,
Aug 27, 2023,
Registered user

Update on withdrawal

Service use: Live Length of use: over 1 Year
6 days later my bitcoin finally was released. Unfortunately the fee was set too low when they paid my withdrawal out… oh well. Will continue to use!

Aug 25, 2023 - 3 Stars Has been pretty good overall, never had an issue with withdrawing up until recently. My withdrawal has been stuck in the mempool for over 4 days now.. not sure what was so different this time around.. will update in a few days. I don’t normally write reviews. I’m just a little sketched out.
Mia FL, USA,
Jun 2, 2023,
Registered user

Withdrawal issues.

Service use: Live Length of use: over 1 Year
Longtime customer. 2 days ago an issue occurred with my withdrawal. Customer service said account was negative when it wasn’t. Can’t transfer anything from a negative account. Then they want to review for another entire day. Still no payout on withdrawal. Has anyone else had a payment issue?

The actions lately have me second guessing this company.
Florida, USA,
May 15, 2023,
Registered user

Not Perfect But Better Than Many Out There

Service use: Live Length of use: over 1 Year
I have been using this broker for a while now without mayor problems.

My last Withdrawal was made without any problems even though I made it the very next day after I deposited my money.

I took it all out and send it to another broker because I was about to have a margin call.

I am satisfied with this broker.
TrA1deman Chefo (A
USA, United States,
Apr 15, 2023,
Registered user

My Broker Review

Service use: Live Length of use: over 1 Year
I been an client with EagleFx since 2019. I started off with a different broker & had a bad experience. I ran across EagleFx from a group chat , and decided to give them a shot. I been satfied with this broker every since the day I joined. I like they're interface/structure of the Site. They make it easy when it comes to deposits , withdraws and creating new accounts. They're withdraw process is fast using BTC , They have good Customer Service/Chat that will answer any questions. They also will give you a call time to time and check in w/ you. Couple things I want to point out that Traders should know.

- EagleFx doesn't have the best spreads , they are completive / Floating Spreads, so if you are a short term/scalper This broker might not be best for you.

-This broker does not Offer MT5
Ibadan, Nigeria,
Nov 10, 2022,
Registered user

Withdrawal Delay

Service use: Live Length of use: 6-12 Months
I have a terrible experience with EagleFX. How on earth will you hold a withdrawal from 29 April 2022 up till today (10 November 2022). Several compliant has been made and the response has always been that EagleFX is working on it. How do you describe this unfortunate situation. It shows that EagleFX condirmed the withdrawal, however, the withdrawal process has not been completed. I will like EagleFX to look into this, as this situation has caused untold hardship. What is happening to withdrawal via BTC on EagleFX, could you please clarify?
1 trader has found this review helpful
Uk, United Kingdom,
Jul 12, 2022,
Registered user

Very user friendly

Service use: Live Length of use: 6-12 Months
I started using EagleFx after a friend recommended them.
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.
Gabrielle brown
California, USA,
Jul 3, 2022,

Holding withdrawal update

Service use: Live Length of use: 0-3 Months
After the 48 hours they originally said the funds will be released they fulfilled the 25k withdrawal within 24 hours of originally stated, even though it took a lil bit longer than the original stated timeframe they fulfilled the withdrawal and everything is good on this end.

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
Unhappy Investor
California, USA,
Jul 1, 2022,


Length of use: 0-3 Months
I invested with Eagle FX Broker the end of April, 2022. I planned on only investing a little to see how it went. Huge gains appeared to be happening, and during the trade a surge stopped the system. 10% of profits was needed from the investors to correct the issue, so I put in 10% of profits, which was $5k at the time. When the trade ended I thought Eagle's commission would be taken out of profits, but no, it was required before profits were taken. I had to hit up my retirement account for over $20k. That's ok, with the gains I made I would prepare for next time because I planned on investing again. When commission was paid I attempted to withdraw the funds but withdrawals were suddenly deactivated for maintenance to be done. My funds were sent to a "so called" bank broker at Mutuelbnunion.com to do the transfer, but fee after fee has been asked before the transfer can be done. I've paid over $50k to this bank broker to get my "so called" funds, and fees continue to be asked after I've been promised by Eagle there would be no more fees. I've wiped out my little retirement fund as well as my husband's to try and get my funds. It has been almost 1 1/2 months since I should have received my funds. I'm now bankrupt and Mutuelbnunion is still demanding more more fees, that I don't have. Not only is Mutuelbnunion demanding more fees but is also threatening to put my money into "money laundering" crime. I agreed to work with Eagle FX, not Mutuelbnunion, but because Eagle FX sent my funds (if they're real) over to Mutuelbnunion and it has become a nightmare to try and receive my funds, I hold Eagle FX responsible. I guess this is what can happen with an unregulated broker.
1 trader has found this review helpful
Uk, United Kingdom,
Mar 14, 2022,
Registered user

Pleasantly reliable(2+ years)

Service use: Live Length of use: over 1 Year
Been a user of EagleFX since late 2019 and my current regularly traded account has been live since approximately March 2020. Originally signed up due to wanting higher leverage from a forex broker but also as I'm an avid crypto trader too theire low margin requirements really did entice me in, like the carrot dangled in front of the donkey. But glad to have tried them out in hindsight. Admitedly i was sceptical at first, relatively new out, unregulated/offshore and little to no review with no long term users. Just word of mouth and the personal reccomendation from a friend who trades also and had stumbled upon them himself. But having used them nigh on daily since they've actually been a really good broker, most noteably beneficial to me personally on the crypto side of things, when exchanges have outages, iv been able to degenerately ape in on the volatility,or when my country cut down on the derivative trading of btc and crypto with leverage, had my bybit account closed, I was able to continue with eaglefx, when the sec XRP case was raised and most exchanges halted trading and or delisted, I got my all of my positions filled with no issues, and continually traded all of its price action thereafter expecting a stop that never came, including the blatant pump and dump we had 1st feb'21, if you remember that insane few minutes as people were told to buy a certain time CT (around 1.15pm gmt)when price had reached previous local high around11am , as a paranoid precautionary,i took a short on my eaglefx account, best gamble ever and my seemingly adventurous tp was tagged within 15 seconds of "buy" time. price action itself across the board was a joke, I watched the spreads and was very impressed they didn't gap up further than their usual spread, say around 0.00200 ish and considering this was an expected act of manipulation globally and Crypto at its finest, A fair observation for me to verify theire reliability and usability in volatile times, when it comes to crypto at least. As for a general overview they have wide range of markets covering fx including exotics, metals, stocks,indices,crypto. Contract sizes vary amongst brokers across different instruments so be sure to be aware of these depending on who you came from they may be different. Spreads are ok and remain competitive, vary pair to pair as with most brokers but remain fair and true to comparrisons across other brokers. stating the obvious here but when looking for limit orders to be filled remember you need to set your entry for the ask/bid respectively to direction, as with your tp, if your looking for those perfect fib and s/r entries that is, figured it's worth mentioning as I saw in a previous review someone mentioned an issue filling limit orders. Leverage is high at up to, 1:500 on currencies, 1:200 on stocks and 1:100 on crypto. Tradeable lot sizes per position between 0.01 and 1000.00 lots. Commission is per 1.00 lot traded 6 denominations of your acc base currency, so $6 usd account, £6 gbp account and I assume €6 on a euro account.etc so a micro lots commision is 0.06p/c. Deposits are easy enough iv used btc, and visa via instacoins.Withdrawals iv taken in btc, and have no fees, take on average around 2 hours, never had a problem by simply copy and pasting my wallet address and confirming amount. can even track the transaction over the blockchain to see how it's progressing as for confirmations etc . support are available 24/7 and by several methods, live chat is quick and easy, they will even do a call back on request.
tehran, Iran, Islamic Republic of,
Feb 21, 2022,
Registered user

wide spreads

Service use: Demo Length of use: 0-3 Months
i have heard good stories about eaglefx and how fast they proccess withdrawals , but when i tried them on demo the spreads was disappointing , and 6$/lot for that type of spreads are high for sure.
2 traders have found this review helpful
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Frequently Asked Questions

Is EagleFX a good and legitimate forex broker?

The best way to answer whether or not EagleFX is a good and legitimate forex broker is to read the unbiased traders reviews on ForexPeaceArmy. https://www.forexpeacearmy.com/forex-reviews/16629/eaglefx-forex-brokers.

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?

The trading assets EagleFX offers are as below.
  • Forex currency pairs
  • Cryptocurrencies
  • Precious metals
  • Stocks
  • Stock indices
  • Futures

What are EagleFX's methods of deposit and withdrawal?

EagleFX accepts the following deposit and withdrawal methods.

  • Visa Mastercard
  • Wire Transfer
  • Bitcoin
Withdrawal :
  • Paypal
  • Bitcoin
  • Coinbase

Is EagleFX regulated?

EagleFx is not currently regulated by or registered with any government or non-government body to supervise its financial activity and resolve trader complaints.

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.