EagleFX Review: How safe is it to invest here?
EagleFX is a global CFD and FX broker that provides Metatrader 4 trading options. It provides a professional trading platform that combines tried-and-true procedures with the most recent trading.
To help potential customers decide if EagleFX is the best broker for their own unique and specific trading needs, the EagleFX review below focuses on all the important and useful facts about EagleFX.
EagleFX Ltd has Dominican Republic headquarters and was founded in 2019. The broker’s website is https://www.eaglefx.com/. Many traders utilize the broker internationally, and it offers services in 188 nations, which include Nigeria and Indonesia.
The brokerage provides competitive ECN/STP trading terms and lightning-fast completion times. With the well-known Mt4 platform, day traders have 24/7 access to more than 100 assets. Also, the business has been highlighted in well-known periodicals like Forbes and Finance Magnates.
EagleFX makes sure that its trading system complies with the greatest safety requirements by using the MT4 platform, which uses complete protection for all data transferred between servers. Two-factor authentication on the login page and digital signatures are other additional safety measures that are used.
An unlimited-use free demo account is available at EagleFX. Within the MT4 model, traders can set their desired leverage and fund limit.
For novice or unskilled investors looking to place fully risk-free transactions, a paper trade profile is excellent. Demo accounts can also be used by seasoned traders to refine a technique or try out a capital asset.
Live chat, which is accessible around the clock, and submitting a ticket through the broker’s site, where the usual revert time is 15 minutes, are options for getting customer help.
EagleFX is an unlicensed broker. Like other unregulated brokers, who lack a special jurisdictional license and are not subject to the supervision of a relevant watchdog, their activities may not always adhere to consumer rights. EagleFX does take precautions to protect its clients’ cash, while not being formally regulated.
Benefits of EagleFX trading account
Opening a genuine EagleFX trading account has the following advantages:
- Minimum deposit of $10
- Free withdrawals and deposits
- Leveraged trading opportunities at 1:500
- Demo account with virtual money access
- the well-known MT4 trading platform
How does a broker scam work?
Scammers use many tricks in order to give you the idea that you are earning money easily and rapidly, fraudsters frequently send you some returns first. They can acquire your trust in this way. To extract as much money as they can from you, they frequently ask you to make more investments or to recruit family members and friends to do the same.
They will suspend or close your account when they believe you are unable to invest any more money in the fraud, and you won’t likely hear from them again. In order to appear trustworthy in the eyes of potential customers, many scam companies falsely state that they are headquartered in a regulated jurisdiction by using fictitious locations and regulation licenses.
How to keep yourself safe from scam brokers?
- Do good research about the broker. Go through reviews and pick a broker with positive reviews. A conventional web search can give experiences into whether negative remarks could simply be a disappointed broker or something more serious.
- Ensure the reviews do not contain anything negative about the broker’s withdrawal process.
- If you are happy with your examination on a specific broker, then trade for a while first, and afterward attempt to make a withdrawal.
- If you face some issues, discuss them with your broker. If it doesn’t go well, file a complaint and share your experience online with everyone.
Scammed by a fraud broker? Scam Helpers can help
If you are a victim of the broker scam, or other scams like the forex scam, cryptocurrency scam, binary scam, etc., file a complaint here to get your funds back. Scam Helpers can process your complaint and help you in fund recovery. We should begin and determine the matter before the harm is considerably greater. Your one step can save you and other people from being cheated by such brokers.
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