Compare FXGiants vs EagleFX
What is FXGiants? What is EagleFX?
FXGiants is a trading name of Notesco Limited, a company registered in Bermuda since 2015. FXGiants offers trading on over 200 instruments across forex, metals, indices, commodities, futures, and shares. FXGiants uses the MetaTrader 4 platform and provides six account types with variable or fixed spreads and different commission rates.
EagleFX is a trading name of EagleFX Ltd, a company registered in Dominica since 2019. EagleFX offers trading on over 100 instruments across forex, metals, indices, commodities, stocks, and cryptocurrencies. EagleFX uses the MetaTrader 4 platform and provides one account type with variable spreads and low commissions.
FXGiants vs EagleFX Regulation Comparison
FXGiants is regulated by the Bermuda Monetary Authority (BMA) under license number 51491. FXGiants also operates under the supervision of the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus through its affiliated companies.
EagleFX is not regulated by any major financial authority. The broker claims to be registered in Dominica under license number 23475 IBC 2016, but this does not provide adequate protection or oversight for traders. EagleFX also does not accept clients from certain jurisdictions, such as the USA, Canada, Iran, North Korea, and Syria.
FXGiants vs EagleFX Trading Assets Comparison
FXGiants offers a wider range of trading assets than EagleFX. FXGiants has over 200 instruments across six categories: forex (50+ pairs), metals (8), indices (26), commodities (17), futures (4), and shares (100+). FXGiants also offers trading on spot contracts for gold and silver against major currencies.
EagleFX has a smaller selection of trading assets than FXGiants. EagleFX has over 100 instruments across five categories: forex (53 pairs), metals (2), indices (11), commodities (3), and stocks (30+). EagleFX also offers trading on cryptocurrencies (30+ pairs) against fiat currencies or other digital assets.
FXGiants vs EagleFX Trading Fees Comparison
FXGiants and EagleFX have different fee structures depending on the account type and trading instrument. FXGiants charges variable or fixed spreads and commissions depending on the account type. The minimum spread for EUR/USD is 0.7 pips for the Zero Fixed Spread account, which also charges $9 per lot per side as commission. The minimum spread for gold is 15 pips for the Live Fixed Spread account, which does not charge any commission. FXGiants also charges swap fees for holding positions overnight and may charge an inactivity fee of $15 per month after 12 months of no trading activity.
EagleFX charges variable spreads and low commissions for all account types. The average spread for EUR/USD is 0.3 pips, which also charges $6 per lot per round as commission. The average spread for gold is 9 pips, which also charges $6 per lot per round as commission. EagleFX does not charge any swap fees or inactivity fees.
FXGiants vs EagleFX Account Types Comparison
FXGiants offers six account types: Live Floating Spread, Live Fixed Spread, Live Zero Fixed Spread, STP/ECN No Commission, STP/ECN Zero Spread, and STP/ECN Absolute Zero. Each account type has different features and requirements, such as minimum deposit, leverage, spread type, commission rate, margin call level, stop out level, and bonus eligibility. FXGiants also offers demo accounts and Islamic swap-free accounts upon request.
EagleFX offers one account type: Standard Account. This account type has a minimum deposit of $10, leverage up to 1:500, variable spreads from 0.1 pips, low commissions of $6 per lot per round, margin call level of 100%, stop out level of 70%, and no bonuses or promotions. EagleFX also offers demo accounts and Islamic swap-free accounts upon request.
FXGiants vs EagleFX Deposit Options Comparison
FXGiants offers various deposit and withdrawal options, such as credit/debit cards, bank wire transfers, e-wallets (Skrill, Neteller, FasaPay, etc.), and local payment methods (Trustly, Sofort, etc.). FXGiants does not charge any fees for deposits or withdrawals, but third-party fees may apply. The minimum deposit and withdrawal amount is $100 for most methods, except for bank wire transfers, which have a minimum of $500. The processing time for deposits is instant for most methods, except for bank wire transfers, which may take up to 5 business days. The processing time for withdrawals is up to 24 hours for most methods, except for bank wire transfers, which may take up to 5 business days.
EagleFX offers fewer deposit and withdrawal options, such as credit/debit cards, Bitcoin, and Perfect Money. EagleFX does not charge any fees for deposits or withdrawals, but third-party fees may apply. The minimum deposit and withdrawal amount is $10 for all methods. The processing time for deposits is instant for all methods. The processing time for withdrawals is within 30 minutes for Bitcoin and Perfect Money, and up to 2 hours for credit/debit cards.
FXGiants vs EagleFX Trading Platforms Comparison
FXGiants and EagleFX both use the MetaTrader 4 platform, which is a popular and user-friendly platform that offers various features and tools for traders. MetaTrader 4 supports multiple order types, charting options, technical indicators, analytical tools, automated trading systems, and custom indicators and scripts. MetaTrader 4 is available as a desktop application, a web-based platform, and a mobile app for Android and iOS devices.
FXGiants and EagleFX do not offer any other trading platforms besides MetaTrader 4.
FXGiants vs EagleFX Analytical Tools Comparison
FXGiants and EagleFX both provide some analytical tools to help traders with their trading decisions. FXGiants offers market news, economic calendar, trading signals, market outlook, technical analysis reports, and trading calculators on its website. EagleFX offers market news, economic calendar, trading signals, trading calculators, and educational resources on its website.
FXGiants and EagleFX do not offer any proprietary or third-party analytical tools besides those available on MetaTrader 4 or their websites.
FXGiants vs EagleFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals, and risk appetite. There is no definitive answer to which broker is better, as each broker has its own strengths and weaknesses. FXGiants and EagleFX are two online forex and CFD brokers that offer different features and services.
FXGiants has the advantage of being regulated by reputable authorities, offering a wider range of trading assets, and providing more account types. EagleFX has the advantage of being unregulated, offering trading on cryptocurrencies, and charging lower and more transparent fees. Both brokers use the MetaTrader 4 platform and provide some basic analytical tools. The choice of broker depends on your personal preferences, trading goals, and risk appetite.
