Compare AMarkets vs EagleFX
What is AMarkets? What is EagleFX ?
AMarkets is a forex and CFD broker that was established in 2007 and is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines. It offers over 250 trading instruments, including currency pairs, metals, indices, commodities, stocks, ETFs, bonds and cryptocurrencies. It also provides various trading platforms, such as MetaTrader 4, MetaTrader 5, xStation and WebTrader.
EagleFX is a forex and CFD broker that was established in 2018 and is not regulated by any authority. It offers over 200 trading instruments, including currency pairs, metals, indices, commodities and cryptocurrencies. It only provides one trading platform, which is MetaTrader 4.
AMarkets vs EagleFX Regulation Comparison
AMarkets has a higher level of regulation than EagleFX, as it is licensed by the FSA of Saint Vincent and the Grenadines, which is a reputable offshore regulator that requires brokers to comply with certain rules and standards. EagleFX, on the other hand, does not have any regulation or license from any authority, which means that it operates without any oversight or protection for its clients.
AMarkets vs EagleFX Trading Assets Comparison
AMarkets has a wider range of trading assets than EagleFX, as it offers more than 250 instruments across various markets, such as forex, metals, indices, commodities, stocks, ETFs, bonds and cryptocurrencies. EagleFX only offers around 200 instruments, mainly in the forex, metals, indices, commodities and cryptocurrencies markets.
AMarkets vs EagleFX Trading Fees Comparison
AMarkets and EagleFX have different fee structures depending on the account type and the trading instrument. AMarkets offers four account types: Standard, Fixed, ECN and Crypto. The Standard and Fixed accounts have no commissions but higher spreads, while the ECN and Crypto accounts have lower spreads but charge commissions per lot. The minimum deposit for all accounts is $100.
EagleFX only offers one account type: Standard. It has no commissions but variable spreads that depend on the market conditions. The minimum deposit for this account is $10.
AMarkets vs EagleFX Account Types Comparison
AMarkets offers four account types: Standard, Fixed, ECN and Crypto. The main differences between them are the spreads, commissions and the available trading instruments. The Standard account has variable spreads from 0.3 pips on forex pairs and no commissions. The Fixed account has fixed spreads from 3 pips on forex pairs and no commissions. The ECN account has variable spreads from 0 pips on forex pairs and commissions from $2.5 per lot. The Crypto account has variable spreads from 0 pips on cryptocurrencies and commissions from $15 per lot.
EagleFX only offers one account type: Standard. It has variable spreads from 0.1 pips on forex pairs and no commissions.
AMarkets vs EagleFX Deposit Options Comparison
AMarkets supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney/FasaPay), cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple) and local payment methods (Perfect Money/Help2Pay). The processing time for deposits is instant for most methods except for bank wire transfer which may take up to 3 business days. The processing time for withdrawals is up to 24 hours for most methods except for bank wire transfer which may take up to 5 business days.
EagleFX supports fewer deposit and withdrawal options than AMarkets, such as bank wire transfer, credit/debit cards (Visa/Mastercard) and cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple). The processing time for deposits is instant for all methods except for bank wire transfer which may take up to 3 business days. The processing time for withdrawals is up to 24 hours for all methods except for bank wire transfer which may take up to 5 business days.
AMarkets vs EagleFX Trading Platforms Comparison
AMarkets provides more trading platforms than EagleFX, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), xStation and WebTrader. MT4 and MT5 are popular platforms that offer advanced charting tools, indicators, expert advisors and automated trading features. xStation is a proprietary platform that offers fast execution, market analysis, trading signals and social trading features. WebTrader is a web-based platform that allows traders to access the markets from any browser without downloading any software.
EagleFX only provides one trading platform: MT4. It offers the same features as AMarkets’ MT4, such as advanced charting tools, indicators, expert advisors and automated trading features.
AMarkets vs EagleFX Analytical Tools Comparison
AMarkets offers more analytical tools than EagleFX, such as market news, economic calendar, trading signals, market sentiment, technical analysis, fundamental analysis and educational materials. These tools help traders to stay updated on the market events, trends and opportunities and to improve their trading skills and knowledge.
EagleFX offers fewer analytical tools than AMarkets, such as market news, economic calendar and educational materials. These tools provide basic information on the market events and some trading tips and tutorials.
AMarkets vs EagleFX . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, you can see that AMarkets and EagleFX have some advantages and disadvantages compared to each other. Here are some possible factors that you can consider when choosing a forex broker:
- Regulation: If you value safety and security, you may prefer a broker regulated by a reputable authority, such as AMarkets. If you don’t mind trading with an unregulated broker, you can choose EagleFX.
- Trading assets: If you want to diversify your trading portfolio and access more markets, you may prefer a broker that offers a wider range of trading instruments, such as AMarkets. If you are only interested in trading forex, metals, indices, commodities and cryptocurrencies, you can choose EagleFX.
- Trading Fees: If you want to save on trading costs, you may prefer a broker with lower spreads and commissions, such as EagleFX. If you don’t mind paying higher fees for better performance and service, you can opt into AMarkets.
- Account Type: If you want more options and more flexibility in choosing your account type, you might prefer a broker that offers different account types with different features and benefits , such as AMarkets. If you are satisfied with a standard account with no commissions and variable spreads, you can opt for EagleFX.
- Deposit and Withdrawal Options: If you want more convenient and fast deposits and withdrawals, you may prefer a broker that supports more deposit and withdrawal options, such as AMarkets. If you are okay with using wire transfer, credit/debit card or cryptocurrency, then you can opt into EagleFX.
- Trading platforms: If you want more choice and variety in using different trading platforms, you may prefer a broker that offers more trading platforms with features and functions. various capabilities, such as AMarkets. If you feel comfortable using MetaTrader 4 as your main trading platform, you can choose EagleFX.
- Analytical Tools: If you want more support and guidance in your trading decisions, you may prefer a broker that offers more analytical tools, such as market news, Economic calendars, trading signals, market psychology, technical analysis, fundamental analysis and educational materials, such as AMarkets. If you are confident in your trading skills and knowledge, you can choose EagleFX.
Ultimately, the best forex broker for you is the one that meets your needs and expectations. You can try out both brokers by opening a demo account with them and testing out their services and features before making your final decision.
