Compare SuperForex vs EagleFX
What is SuperForex? What is EagleFX?
SuperForex is an online broker that offers over 400 trading instruments, including forex, cryptocurrencies, stocks, indices, metals, and energies. SuperForex is regulated by the International Financial Services Commission (IFSC) of Belize and has been operating since 2013. SuperForex claims to provide low spreads, high leverage, fast execution, and various bonuses and promotions to its clients. SuperForex supports the MetaTrader 4 platform and offers several account types, including standard, swap-free, micro cent, crypto, and no spread accounts. SuperForex also provides educational resources, market analysis, and trading signals to its clients.
EagleFX is an online broker that offers over 100 trading instruments, including forex, cryptocurrencies, stocks, indices, metals, and energies. EagleFX is not regulated by any authority and has been operating since 2019. EagleFX claims to provide deep liquidity, high leverage, low spreads, and fast withdrawals to its clients. EagleFX supports the MetaTrader 4 platform and offers a single account type with no minimum deposit requirement. EagleFX also provides customer support 24/7 via live chat, email, or phone.
SuperForex vs EagleFX Regulation Comparison
SuperForex is regulated by the IFSC of Belize, which is a relatively low-tier regulator that does not impose strict requirements on its licensed brokers. The IFSC does not provide any compensation scheme or investor protection fund for its clients. SuperForex also does not segregate client funds from its own funds, which means that there is a risk of losing money in case of insolvency or fraud.
EagleFX is not regulated by any authority, which means that there is no oversight or accountability for its operations. EagleFX does not provide any information on how it handles client funds or whether it uses any third-party custodian or auditor. EagleFX also does not participate in any compensation scheme or investor protection fund for its clients.
SuperForex vs EagleFX Trading Assets Comparison
SuperForex offers more trading instruments than EagleFX, with over 400 assets across various categories. SuperForex offers 49 currency pairs, 28 cryptocurrencies, 173 stocks, 11 indices, 6 metals, and 4 energies. SuperForex also offers some exotic instruments such as ETFs and futures.
EagleFX offers over 100 assets across different categories. EagleFX offers 53 currency pairs, 31 cryptocurrencies, 11 stocks, 11 indices, 2 metals, and 2 energies.
SuperForex vs EagleFX Trading Fees Comparison
SuperForex charges variable spreads and commissions depending on the account type and the trading instrument. SuperForex claims to offer low spreads starting from 0 pips on some instruments, but these are only available on the no spread account which requires a minimum deposit of $1,000 and charges a commission of $0.04 per lot per side. The standard account has no commission but has higher spreads starting from 2 pips on some instruments. The swap-free account has no swap fees but has higher spreads and commissions than the standard account. The micro cent account has no commission but has higher spreads starting from 4 pips on some instruments. The crypto account has no commission but has higher spreads starting from 15 pips on some instruments.
EagleFX charges variable spreads and no commissions on all its trading instruments. EagleFX claims to offer low spreads starting from 0.1 pips on some instruments, but these are only available on major currency pairs during optimal market conditions. The average spreads on other instruments are higher and can vary depending on market volatility and liquidity.
SuperForex vs EagleFX Account Types Comparison
SuperForex offers five account types: standard, swap-free, micro cent, crypto, and no spread accounts. Each account type has different features and requirements as follows:
- Standard account: minimum deposit of $1; leverage up to 1:2000; variable spreads from 2 pips; no commission; swap fees apply; minimum lot size of 0.01; maximum lot size of 100; maximum number of orders of 200; margin call level of 50%; stop out level of 20%.
- Swap-free account: minimum deposit of $1; leverage up to 1:2000; variable spreads from 3 pips; commission of $0.015 per lot per side; no swap fees; minimum lot size of 0.01; maximum lot size of 100; maximum number of orders of 200; margin call level of 50%; stop out level of 20%.
- Micro cent account: minimum deposit of $1; leverage up to 1:1000; variable spreads from 4 pips; no commission; swap fees apply; minimum lot size of 0.0001; maximum lot size of 1; maximum number of orders of 200; margin call level of 50%; stop out level of 20%.
- Crypto account: minimum deposit of $100; leverage up to 1:10; variable spreads from 15 pips; no commission; swap fees apply; minimum lot size of 0.01; maximum lot size of 10; maximum number of orders of 100; margin call level of 50%; stop out level of 20%.
- No spread account: minimum deposit of $1,000; leverage up to 1:2000; fixed spreads from 0 pips; commission of $0.04 per lot per side; swap fees apply; minimum lot size of 0.01; maximum lot size of 100; maximum number of orders of 200; margin call level of 50%; stop out level of 20%.
EagleFX offers a single account type with the following features and requirements:
- Minimum deposit of $10; leverage up to 1:500; variable spreads from 0.1 pips; no commission; swap fees apply; minimum lot size of 0.01; maximum lot size of unlimited; maximum number of orders of unlimited; margin call level of 100%; stop out level of 70%.
SuperForex vs EagleFX Deposit Options Comparison
SuperForex offers a wide range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, e-wallets, cryptocurrencies, and local payment methods. SuperForex does not charge any fees for deposits or withdrawals, but some third-party providers may charge fees or commissions. SuperForex claims to process deposits and withdrawals within a few hours, but some methods may take longer depending on the provider.
EagleFX offers a limited range of deposit and withdrawal options, including bank wire transfer, credit/debit cards, Bitcoin, and USDT. EagleFX does not charge any fees for deposits or withdrawals, but some third-party providers may charge fees or commissions. EagleFX claims to process deposits and withdrawals within 30 minutes, but some methods may take longer depending on the provider.
SuperForex vs EagleFX Trading Platforms Comparison
SuperForex and EagleFX both support the MetaTrader 4 platform, which is a popular and user-friendly platform that offers advanced trading tools, indicators, charts, and automated trading features. The MetaTrader 4 platform is available as a desktop application, a web-based version, and a mobile app for iOS and Android devices.
SuperForex vs EagleFX Analytical Tools Comparison
SuperForex provides various analytical tools to its clients, including market news, economic calendar, trading signals, technical analysis, pattern recognition, and trading calculators. SuperForex also offers educational resources such as articles, videos, webinars, seminars, and courses.
EagleFX provides limited analytical tools to its clients, including market news and an economic calendar. EagleFX does not offer any trading signals, technical analysis, pattern recognition, or trading calculators. EagleFX also does not offer any educational resources apart from a glossary and an FAQ section.
SuperForex vs EagleFX. Which forex broker is better? Which forex broker should you choose?
Which forex broker is better or which one you should choose depends on your personal preference, trading goals, risk appetite and budget. Both brokers have pros and cons to each that you need to weigh carefully before making your choice. You should also do your own research and due diligence before opening an account or making any trades with any broker. You should also be aware of the risks involved in forex and CFD trading and only trade with amounts you can afford to lose.
