Compare EagleFX vs Forex.com
What is EagleFX? What is Forex.com?
EagleFX is a forex and CFD broker, established in 2019, that offers STP execution on the MT4 platform, with tight spreads, low commissions, high leverage, and fast withdrawals.
Forex.com is a forex and CFD broker, established in 2001, that offers trading on multiple platforms, with competitive pricing, reliable execution, and dedicated support. Forex.com is also a subsidiary of StoneX Group, a publicly traded company on the NASDAQ.
EagleFX vs Forex.com Regulation Comparison
EagleFX is not regulated by any reputable authority, while Forex.com is regulated by multiple regulators in different jurisdictions, such as the FCA in the UK, the NFA and CFTC in the US, the ASIC in Australia, and the MAS in Singapore. This gives Forex.com a higher trust score and more protection for its clients’ funds.
EagleFX vs Forex.com Trading Assets Comparison
EagleFX offers trading on 55 currency pairs, 10 indices, 33 cryptocurrencies, and some commodities. Forex.com offers trading on over 80 currency pairs, as well as stocks, indices, commodities, futures, options, and cryptocurrencies. Forex.com has a wider range of trading assets than EagleFX.
EagleFX vs Forex.com Trading Fees Comparison
EagleFX charges low commissions of $7 per $100k traded on its RAW Spread account, which has spreads as low as 0 pips. Forex.com charges commissions of $15 per $100k traded on its STP Pro account, which has spreads as low as 0 pips.
EagleFX also offers a commission-free account with spreads starting from 0.8 pips. Forex.com offers a commission-free account with spreads starting from 0.3 pips. EagleFX has lower trading fees than Forex.com on average.
EagleFX vs Forex.com Account Types Comparison
EagleFX has only one account type for all traders, with a minimum deposit of $10 and a maximum leverage of 1:500.
Forex.com has three account types: Standard, Commission, and STP Pro. The minimum deposit for the Standard and Commission accounts is $100, while the minimum deposit for the STP Pro account is $25,000. The maximum leverage for Forex.com varies depending on the jurisdiction, but it can be up to 1:500 for some clients. EagleFX has a simpler account structure than Forex.com.
EagleFX vs Forex.com Deposit Options Comparison
EagleFX accepts deposits and withdrawals via credit cards, debit cards, wire transfers, and Bitcoin payments. Forex.com accepts deposits and withdrawals via credit cards, debit cards, wire transfers, ACH transfers (for US clients), Neteller, Skrill (for non-US clients), and PayPal (for UK clients).
EagleFX does not charge any fees for deposits or withdrawals, while Forex.com may charge fees depending on the method and amount. EagleFX also claims to process withdrawals within 30 minutes or less, while Forex.com may take up to two business days to process withdrawals. EagleFX has more convenient deposit and withdrawal options than Forex.com.
EagleFX vs Forex.com Trading Platforms Comparison
EagleFX only supports the MT4 platform for desktop, web, and mobile trading.
Forex.com supports multiple platforms for different needs and preferences of traders. These include the MT4 platform (for desktop only), the FOREX.com platform (for desktop and web), the TradingView platform (for web only), and the FOREX.com mobile app (for iOS and Android devices). Forex.com also offers additional tools such as Trading Central (for market analysis), SMART Signals (for trade signals), Performance Analytics (for performance tracking), Capitalise.ai (for automated trading), and VPS hosting (for expert advisors). Forex.com has more advanced and diverse trading platforms than EagleFX.
EagleFX vs Forex.com Analytical Tools Comparison
EagleFX provides basic analytical tools such as charts, indicators, news feeds, and an economic calendar on its MT4 platform. Forex.com provides more comprehensive analytical tools such as TradingView charts (with over 80 indicators), Reuters news feeds (with global coverage), behavioral science technology (to help traders manage their emotions), strategy builders (to help traders create their own strategies), and backtesting tools (to help traders test their strategies). Forex.com has more sophisticated analytical tools than EagleFX.
EagleFX vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their needs, preferences, goals, and risk appetite. However, here are some of the main advantages and disadvantages of EagleFX and Forex.com as follows:
- EagleFX has the advantage of offering low-cost trading with high leverage and fast withdrawals using Bitcoin payments. However, EagleFX has the disadvantage of being unregulated, having a limited range of trading assets and platforms, and providing basic analytical tools.
- Forex.com has the advantage of being regulated by multiple authorities, offering a wider range of trading assets and platforms, and providing more advanced tools and features. However, Forex.com has the disadvantage of charging higher trading fees, having a higher minimum deposit for some accounts, and taking longer to process withdrawals.
Therefore, you should choose the forex broker that best matches your trading style, budget, expectations, and level of experience. You should also do your own research and due diligence before opening an account with any broker.
