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EagleFX Review | Security, Apps & Features | Invezz

There is very little information about the broker’s background on their website. But a quick look at the profiles of such reputable forex sites as Forex Peace Army as well as some of their user reviews indicates that the brokerage was founded in 2019. This makes it no more than a few months old and…

EagleFX Overview

There is very little information about the broker’s background on their website. But a quick look at the profiles of such reputable forex sites as Forex Peace Army as well as some of their user reviews indicates that the brokerage was founded in 2019. This makes it no more than a few months old and is currently registered and headquartered in the Dominican Republic. Note that the broker isn’t regulated or licensed in a major global financial district. On this website, however, you will have access to 100+ forex and digital asset trading instruments.

Here is the detailed account of everything you will want to know before registering for a trading account with Eagle FX:

Account types

EagleFX only maintains two types of accounts the MT4 ECN live trading account and the MT4 demo trading account. This is unlike most other online trading platforms and brokerages that host several types of live trading accounts suited for the varied classes of high-volume and average traders. Both these accounts feature a simplistic dashboard and have the US-Dollars as its base currency. Deposits to the live trading account can be made in EUR, GBP, USD, and Bitcoin (BITS). Here, all the deposited funds are held in what the online brokerage refers to as the ‘Vault’ and will only move to the trading section when you enter into a trade position.

EagleFX and their one Live Account will also provide you with a sharia-compliant trading account upon request. These are, however, not available by default and you will need to contact their customer support and have them set it up for you. These accounts are secured with a password but you are free to fortify it further with the two-factor authentication feature. The biggest perk to operating the Islamic account (also known as Swap-free account) is that orders held overnight don’t attract the overnight financing fees.

Platform

EagleFX doesn’t have a proprietary trading platform yet and, therefore, relies on the all-popular Meta Trader 4 (MT4) platform. Once registered with the forex broker, you will have to download your preferred trading platform. These range from the MT4 for windows and MT4 for MAC desktop apps that can be downloaded for free on the Eagle FX website. Mobile traders are also free to download the Android and iOS versions of the MT4 trader availed on the Eagle FX website. Similarly, traders can choose to use the Web Trader.

On either platform, you will have access to a variety of trading tools, analytical and technical indicators, and highly interactive charting options. From here, you can choose between instant and market modes of trade execution. Similarly, you will have access to stop order and trailing stop functionality among other risk management tools.

In addition to these are the quick trading functions that allow you to lock in trading orders from the chart with a single click. Plus, according to the broker, you will have access to over 30 technical indicators, 24 graphic tools, and have every symbol displayed in 9 timeframes. These allow for the most comprehensive use of analysis of the price movements for the different trading instruments.

Leverage

EagleFX supports leveraged trades with the minimum leverage set at 1:1 and the maximum capped at 1:500. You will note that most brokerages with different types of accounts have limits to the use of leverage where the maximum limit is preserved for high volume traders. But since Eagle FX only has one live trading account, the relatively high leverage is available to everyone with an Eagle FX trader account. 

Trade sizes

Some of the most popular online forex industry players have the maximum lost sizes set at 100 lots. EagleFX, on the other hand, has its minimum trade size at 0.01 lots while its maximum trade size is at a highly competitive 1,000 lots. This makes it quite attractive to high volume traders.

Trading costs: fees and commissions

EagleFX imposes overnight fees on all open swap positions. And according to the broker, the specific charges vary from one trading instrument to another. Unlike most other forex brokers that list of these overnight charges on their website, Eagle FX requires that you contact their support team for this information.

Trading commissions here stand at $6 for each lot traded. This rate is adjustable to suit smaller trading sizes. For instance, if you entered into a micro-lot trade – 0.1 lot – the commission for the trade would be $0.6. And given that the broker has its minimum trade size at 0.01 lots, the minimum trading commission here, therefore, stands at $0.06.

Assets

Despite being a few months old, it is interesting to note that EagleFX currently has over 100 financial instruments available for trade. These cut across the indices, cryptocurrency, forex, futures, and even the commodities markets. Featured here are all the 7 major forex pairs and an additional 48 forex trading pairs. On the crypto markets, Eagle FX features 31 crypto options that include both fiat-to-fiat and crypto-to-fiat trading pairs. There also are 11 equity indices, 6 spot metals, and 3 energy products featured in the commodities market. Of these, only the crypto market is open 24/7.

Spreads

EagleFX adopts a relatively advanced approach to pricing their CFD and FX spreads through the live spread feature. Here, spreads are highly variable and are updated every 10 seconds on the site’s live spread area. The upside to trading with the variable live spreads is that traders get to enjoy competitively low spreads when the market is largely calm. On the flipside, slight peaks in volatility oftentimes result in high spreads.

Minimum deposit

Most online brokers have varied minimum deposits for the different trading accounts supported on their platform. The fact that Eagle FX has one trading account means that the minimum initial deposit of $10 applies to all of their clients here. The broker is quite vague with regard to the maximum account operating balance. It is also interesting to note that all the deposits are first held in the vault before moving to the trading section to collateralize the trading positions you have entered into.

Deposit methods and costs

EagleFX accepts three primary deposit methods. You can choose to deposit funds here through the bank wire transfer, the Visa/MasterCard, or in the form of Bitcoins. The broker further adopts the zero-fee policy on deposits by committing to foot the transaction charges resulting from your choice of funding method.

Withdrawal methods and costs

The online broker also supports three primary withdrawal options. You can opt to have your withdrawals made in the form of bitcoins, in PayPal dollars via Coinbase or channeled to your prepaid MasterCard. And just like the deposits, withdrawals are 100% free. Eagle FX is also one of the few online brokerages that guarantee that the withdrawn funds reach your account within the same day.

Withdrawal Processing and Wait Time

EagleFX reviews all withdrawal requests on the same day, ensuring you get your money as soon as possible. Its withdrawal process doesn’t need a verification process, making it faster and handy. If you want your money even quicker, consider withdrawing via Bitcoin, which allows you to withdraw via the Bitcoin-purchasing Instacoin service, or any Bitcoin wallet of your choice.

Security of funds and account

As mentioned earlier, EagleFX supports the two-factor authentication security feature that will be activated immediately upon request. The security features implemented by the broker, however, extend way beyond the login page and into the handling of your deposited funds. Eagle FX, for instance, assures its cryptocurrency traders that their funds are held in cold storage. Only small amounts of these coins meant to facilitate fast withdrawals are maintained on the broker’s servers.

The company further mentions that partnering with the world’s leading payment processors doesn’t just ensure speedy deposits and withdrawals. It also leverages the measures they have put in place to secure deposits and withdrawals.

Education and trading tools

The online broker pays little emphasis to forex education and training. Unlike some FX and crypto brokers who have updated sections of their websites dedicated to helping beginner traders get through the industry, Eagle FX only has the news sections. Here, you will find the economic calendar and technical articles detailing the current market trends and trade ideas.

Bonuses and promotions

EagleFX doesn’t offer any deposit or redeposit bonus schemes. On this front, their honesty is laudable. However, the company has not ruled out offering promotions in the future. If you like the sound of being able to trade with free money, keep checking their website for any updates.

Countries accepted

EagleFX has not specified which countries it supports. The broker is yet to receive accreditation by major regulators around the world and it accepts traders from all over the globe. However, United States traders cannot invest with the platform as it has not been regulated by the Securities and Exchanges Commission or the Commodity and Futures Trading Commission.

The broker reserves the right to conduct due diligence on traders from certain countries as they deem fit from time to time.

Customer support

There are three primary ways in which you can access the EagleFX customer support team. You can engage them directly via Live Chat that has a near-instant response time. Alternatively, you can send a query ticket via email with an average response time of 15 minutes. You can also submit a callback ticket and have one of the company’s representatives call you back. These have the backing of an elaborate FAQ section. It addresses common queries on deposit and withdrawal handling, trading, and MT4 platforms.

Some of the most interesting facts about the EagleFX customer support is their fast response and availability. Note that while most online brokerages will only be available 24/5, Eagle FX customer service is open 24/7. Most of the queries we raised were resolved immediately and this is a good indicator of the customer service team’s proficiency. The only major downside to this online broker’s customer support is that it is only available in the English language.

Demo account

EagleFX also provides traders new to their platform or the online trading industry a demo account. The account is free and features all the trading tools and analytics contained in the Live Trading account. It outperforms most demo accounts fronted by different other brokers in several ways. For starters, Eagle FX doesn’t impose a time limit for the use of the demo account. Plus unlike most brokerages that will present you with a specific amount of virtual cash, Eagle FX gives you the freedom of determining the virtual fund balance that you would like to start with.

You are also free to replenish these virtual funds as often as possible. The demo account can be operated on the free Windows MT4 platform, Android or iOS mobile MT4 traders or on the Web Trader. Plus you are free to set the base currency for your trades as either USD, EUR, GBP, or BIT.

What to keep in mind

  • The online broker’s risk protection measures don’t include negative balance protection. You, therefore, stand to lose more than the amounts staked for a particular trade. This is highly suspicious of a trader that boasts of innovativeness and a deviation from the current trend where virtually every broker is employing negative balance protection measures to safeguard their client’s interests.
  • Some of the key operational services featured on the Eagle FX website will not be available to everyone. European Economic Area residents, for instance, cannot enjoy the attractively high leverages availed by the broker. United States residents, on the other hand, can only engage in crypto trades as the country bars CFD trading.
  • You will also do well to remember that Eagle FX is relatively new and thus not regulated by any major international brokerage firm or agency.

Conclusion

EagleFX, despite being a few months old, stands out in the online brokerage industry with its rich resource of advanced trading tools and features. It also features a host of competitive trading features that range from zero-fee deposits and withdrawals, same-day withdrawal processing, 24/7 customer support for both the FX and crypto traders as well as their ultra-fast trade execution made possible by the innovative Straight Through Processing of orders.

The broker isn’t, however, fault-free and we have spotted several operational areas that need urgent improvements. They, for instance, need to work on increasing their tradable financial instruments, strengthen their risk management measures, and also work on the regularization and licensing of the broker to earn themselves more credibility. Plus while the free and unlimited demo accounts come off as a promising training ground to beginner traders, we would like to see the company come up with more training and educational resources for both the newbie and slightly experienced traders.

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CMStrader Signals provider, the number 1 signal provider 4 years in a row

CMStrader Signals provider, the number 1 signal provider 4 years in a row.

CMStrader, the number 1 signal provider 4 years in a row, is now offering free signals to new clients!  Reliable trading tools are fundamental part of successful trading.

cmstrader for the Best Trading Signals

cmstrader for the Best Trading Signals

 

CMStrader’s signals success rate is estimated in 91% this should be enough to take a look and decide for yourself. since this is their biggest feature and drives this broker towards success, it is opretty afe to say that they do their utmost to provide you with quality forex signals.

This broker also entered the cryptocurrency market and offers several cryptocurrencies.  in short they act on the market and engage their clients directly.

when you start trading at CMSTrader, you can choose from a extended list of currencies, indices, commodities, gold and oil.

CMStrader Signals for better Trading

CMSTrader sends trading signals to traders’ accounts when there is an opportunity to buy or sell orders at specific points; an overview of the speculated price or loss ratio is included.

CMStrader Signals the number 1 signal provider among brokers

CMStrader Signals the number 1 signal provider among brokers

The signals are sent directly via SMS to a cellphone for major currencies traded on the stock exchange, foreign goods and precious metals.

In addition, signals can be sent to an e-mail address and or traders can be notified directly over the phone.  This service is available 24/5.

Like with Most proper signal services don’t expect 50 signals a day as simply there are not that many. you will get maybe a few good ones a day on which you could and most of the time should act.

Earn profits with CMStrader Signals in the forex market – the biggest trading scene in the world. Enjoy our unique benefits, trading education, minimum margin and best leverage! Start with a demo account and enter the amazing world of forex with CMStrader.

More about CMStrader Signals & Forex Broker

  • Name :CMSTrader
  • Website :cmstrader.com
  • Established :2013
  • Regulation :FSP
  • Country :United Kingdom
  • U.S. Clients Allowed ?  :No

CMSTrader is a leading investment advisor specializing in personal wealth management and growth and is a somewhat a newcomer to the Forex market.

they started in 2013 and since then have won several awards 2 including one for having best customer service in 2013.

CMSTrader “CMStrader Signals” is authorized under the name of CMS Ventures Limited which is a New Zealand Registered Financial Service Provider (FSP).

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Daily Financial News

Supreme Court Sides With Bits of Gold in Bank Dispute

Supreme Court Sides With Bitcoin Broker “Bits of Gold” in Israeli Bank Dispute

Upon appeal, the Israeli Supreme Court has rejected the closure of Bits of Gold’s banking facilities at Leumi bank, Tel Aviv.

The Israeli cryptocurrency brokerage’s appeal followed a previous ruling against it that has now been set aside by the higher court.

As Israel and many other countries struggle with the accelerated phenomenon of virtual currencies, Leumi Bank recently made the news for being a particularly blunt in its rejection of Bitcoin.

We should of course not be surprised with the banks attitude towards bitcoin or any other cryptocurrency for that matter. keep in mind that the banks become more and more obsolete because of them. Bits of gold versus leumi

They will keep on loosing money which now they make with ridiculous commissions of work that is fully automated. so they will try to see how they are able to make the operation and acquiring cryptos  as hard as possible knowing that they will never be able to stop them.

There is widespread anticipation that the upcoming G20 Summit in March 2018 will produce a global, moderate framework for a regulatory approach. Set against that are persistent hostile stances the world over from banks, asset managers and even governments towards cryptocurrencies.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane. 

Apart from the Israeli revenue service opting to tax cryptocurrency assets as “properties” and other more positive developments dating back to mid-2017, Israel remains a strange mix of genteel acceptance alongside wildly opposing voices.

There is thus Hope But no decision

Bits of Gold has fought a David and Goliath battle since their banker decided it wanted to steer clear of all cryptocurrency-related business.

On record as recently telling another bitcoin-related trader that they simply don’t want the business, Leumi Bank’s hard-line stance is accumulating bad press. The second-largest bank in Israel appears as discriminatory when analyzing virtual currency traders and other digital coin businesses.

During 2017, a customer made a bank transfer to the Kraken exchange site for buying bitcoin worth $1000. The bank identified the request, halted it, and started investigating.

The elated CEO of Bits of Gold, Youval Rouach said that “The court’s decision enables us to focus on the growth of the Israeli cryptocurrency community.”

 

The February 26 Supreme Court ruling granted Bits of Gold a temporary injunction against their account closure pending further scrutiny by the bank and other parties. The presiding bench declared that the company had “acted transparently and did not violate any provision of law.”

Calling the bank’s concerns “speculative” and turning an unsympathetic ear to the plaintiff, the ruling does, however, allow for the bank to still close the account on any small technical detail that defies legislation. As a record of a public spat around cryptocurrency’s right to be recognized in many ways, the ruling is seen as a victory for the local cryptocurrency community.

One Small Step Forward

Although not as absolute as nations like China that has opted for draconian bans, Israel is a front line for digital coins’ right not just to exist, but also become assets in the true sense of the word. The Supreme Court noted in its written ruling that Bits of Gold had not made itself guilty of the violation of any standing laws since opening its doors for business.

 

The Bits of Gold v. Leumi Bank case might become something of a test case once the bank applies its mind in scrutinizing the company’s accounts against the backdrop of existing legislation. The outcome will also be informed by sentiment post the G20 Summit due in March as well as other global regulatory trends.

Now that the countries understand there is money to be made with Taxation in cryptocurrencies they might want to make sure that the banks stay within their lane.

This was First Published by coindesk

 

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easyMarkets launches Ethereum and Ripple.

easyMarkets launches the crypto-markets’ best kept secret – Ethereum and Ripple.

The crypto markets are the new frontier of trading, we have seen unprecedented movement – from astonishing peaks to abrupt crashes – behaviors and easyMarkets launches Ethereum and Ripple.movements no other instrument experiences or has experienced previously.

Bitcoin was immensely popular when we introduced it to our customers in 2017. After closely following the innovative cryptocurrency markets we found two more immensely interesting (but less visible) cryptos to add to our offerings – Ethereum and Ripple.

easyMarkets launches Ethereum and Ripple.

Ethereum is a blockchain based cryptocurrency like Bitcoin, whereas Ripple is a cryptocurrency payment protocol, touted as a solution to perform payments for institutional clients. Although Bitcoin was undeniably the markets’ star in 2017 – these two crypto-counterparts had equally impressive movements.

Ripple towards the end of 2017 had a notable 33014% overall climb with a market cap of $83.6 Billion. This was assisted by Ripple’s collaboration with institutional users like American Express.

Ethereum had climbed an astounding 8,885% from the beginning of 2017 until the end of that year with a respectable market cap of 69.3 billion. Purely as a cryptocurrency it seemed to even outdo its forefather – Bitcoin – by completing transactions quicker and more effectively.

they have also lowered our spreads on Bitcoin!

Of course, all of their cryptocurrencies include easyMarkets great trading conditions:

Trading Conditions

  • There’s  zero slippage on the easyMarkets web platform meaning your Ripple trades will be executed at the price you see on your screen.
  • You can trade Ripple during its most active times, around the clock, five days a week.
  • They got you covered with an in-depth eBook and plenty of other trading education resources.
  • Make sure you have an exit plan in place by taking advantage of our 100% guaranteed Stop Loss and Take Profit.
  • They cover your deposit and withdrawal fees, so that the amount you deposit or withdraw is the amount you receive.
  • Negative Balance Protection means you can never lose more than you invest when you trade Ripple CFDs at easyMarkets.
 easyMarkets launches Ethereum and Ripple.
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