Registered in	United Kingdom
Regulatory status	FCA, ASIC, FSA, NFA, FMA, MAS and DFSA
Year(s) of incorporation	More than 20 years
Market instruments	Currency pairs, indices, cryptocurrencies, stocks and commodities
Minimum initial deposit	$0
Maximum leverage	1:200
Minimum spread	1 pips for EURUSD
Trading platform	Intuitive web platform, MetaTrader 4, L2 dealer and mobile apps
Deposit and withdrawal methods	Credit/debit cards, bank transfer
Customer Service	E-mail/phone number/address/live chat
Fraud allegations	Yes

Here is an official video from the company.

It is important to note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.

In this review, if there is a conflict between the image and the text content, the text content should prevail. However, we recommend that you open the official website for further consultation.

Pros and Cons of IG

Pros:

• Wide variety of markets and instrument options.

• Intuitive and customizable trading platforms.

• Access to advanced technical analysis and charting tools.

• Multilingual, multi-channel customer service.

• Demo account with virtual financing of $20,000.

• There is no minimum deposit requirement for real accounts.

• It offers leverage of up to 1:200.

Cons:

• Fees and costs may not be clearly specified on the website.

• Information on account types is limited.

• There are not many educational resources available on the website.

• The withdrawal of funds is not clearly specified.

• The minimum transaction amount may be high for some markets.

• No welcome bonuses or promotions are offered.

• Credit card deposit fees can be high compared to other brokers.

What type of broker is IG？

Dimension	Advantages	Disadvantages
Broker Model	IG offers tight spreads and fast execution due to its Market Making model.	As a counterparty to its clients' operations, IG has a potential conflict of interest that may lead to decisions that are not in the best interest of the clients.

IG is a Market Making (MM) broker, which means that it acts as a counterparty to its clients in trading operations. That is, instead of connecting directly to the market, IG acts as an intermediary and takes the opposite position to its clients. As such, it can offer faster order execution speed, tighter spreads and greater flexibility in terms of offering leverage. However, this also means that IG has a certain conflict of interest with their clients, as their profits come from the difference between the bid and ask price of assets, which could lead to them making decisions that are not necessarily in the best interest of their clients. It is important for traders to be aware of this dynamic when trading with IG or any other MM broker.

General Information and Regulatory Status

IG is a UK-registered company and regulated by multiple international financial bodies, including the FCA, ASIC, FSA, NFA, FMA, MAS and DFSA. It offers access to a wide variety of financial instruments, including currencies, indices, cryptocurrencies, stocks and commodities, with over 18,000 markets available. The company provides multiple trading platforms, including an intuitive web platform, MetaTrader 4, L2 dealer and mobile apps. It also offers multilingual customer support through various channels, including telephone, email, social media and online chat.

In the following article, we will analyze the characteristics of this broker in all its dimensions, offering you easy and well-organized information. If you are interested, read on.

Market Instruments

Advantages	Disadvantages
Wide variety of trading instruments	Too many instruments can be overwhelming for some
Possibility to diversify the investment portfolio	Increased knowledge and skill is required to operate
Opportunities to take advantage of different conditions	There may be more risk due to exposure to different markets
Access to a wide range of international markets	Increased complexity in position and risk management

IG offers access to more than 17,000 markets, including currencies, indices, cryptocurrencies, stocks and commodities. This dimension is an advantage for traders as it provides them with a wide variety of instruments to trade and allows them to diversify their investment portfolio. In addition, this wide selection of instruments allows traders to take advantage of different market conditions and opportunities. However, a possible disadvantage of this dimension is that it can be overwhelming for some traders, as it requires greater knowledge and skill to trade in different markets. In addition, exposure to different markets can increase the risk of a portfolio, requiring more complex position and risk management.

Spreads and Commissions

Advantages	Disadvantages
- Spreads are quite competitive. - Spreads can be viewed on the website.	- There is not much information available on commissions. - Costs may be higher in less liquid markets or with lower trading volume.

In terms of costs, IG offers competitive and transparent spreads, with the average spread for EUR/USD being one pip. However, there is not much information available on commissions, which may create uncertainty for some traders. In addition, it is important to note that costs may be higher in less liquid markets or with lower trading volume. Overall, IG appears to offer a reasonable and competitive cost structure compared to other brokers.

Trading Accounts Available at IG

IG's demo account is a very useful tool for beginner traders, as it allows them to trade in a safe and risk-free environment. With IG's virtual funding of $20,000, traders can practice and hone their trading skills without risking their capital. In addition, the IG demo account provides access to the trading platform and all the instruments and tools available in the live account, allowing traders to familiarize themselves with the platform and test different trading strategies. Overall, the IG demo account is an excellent tool for beginner traders to gain experience and confidence in trading before investing their own capital.

Advantages	Disadvantages
No minimum deposit requirement	Lack of detailed information on account types on the website
Single account for all customers	It can be difficult for new customers to choose a suitable account without detailed information.
Access to all of IG's financial instruments

IG offers a single live account for its clients without a minimum deposit requirement. However, there is not much information available on their website about account details such as spreads, commissions and margin requirements. This can make it difficult for new clients to choose the account that best suits their needs and preferences.

Operating Platform Offered by IG

Advantages	Disadvantages
Easy-to-use intuitive web platform	Web platform may be less customizable than other platforms
Offering MetaTrader 4, a popular and well-known platform	MetaTrader 5, the latest version of the platform, is not offered.
L2 Dealer offers a wide range of advanced tools and functionalities for experienced traders.	L2 Dealer can be more complicated for beginner traders
Mobile apps available for iOS and Android	Mobile apps may be less customizable than the web platform
Wide selection of platforms to meet the needs of different types of traders	No proprietary trading platform exclusive to IG is offered.

IG offers a variety of trading platforms to meet the needs of different types of traders. The web-based platform is intuitive and easy to use, although it may be less customizable than other platforms. They also offer MetaTrader 4, a popular and well-known platform in the forex industry. For experienced traders, L2 Dealer offers a wide range of advanced tools and functionalities. However, this platform can be more complicated for beginner traders. Mobile apps are available for iOS and Android, allowing traders to trade on the go. Overall, the selection of platforms offered by IG is an advantage for traders, although some may find the lack of an IG-exclusive trading platform a disadvantage.

Maximum IG Leverage

Advantages	Disadvantages
Allows traders to increase their earning potential with limited capital	Leverage also increases the risk of significant losses
Possibility of accessing larger markets without having to deposit large amounts of capital	Novice traders may have difficulty understanding and managing leverage properly.
Opportunity to diversify the investment portfolio by trading in several markets with different levels of leverage	Leverage can increase psychological pressure on traders, which can affect their decision making.
Facilitates the possibility of profiting from small market movements	Traders can lose more than what they initially invested if they do not properly manage leverage and the associated risks.

As for the maximum leverage dimension at IG, the company offers a maximum leverage of up to 1:200. This means that traders can open positions that are 200 times larger than their available capital. Leverage can be a powerful tool for experienced traders, as it allows them to earn higher profits with limited capital. However, it can also significantly increase the risk of loss and it is important that traders fully understand the risks and limitations of leverage before using it. Overall, IG's maximum leverage is comparable to that of other online brokers and may be suitable for those seeking greater buying power in the market.

Deposit and Withdrawal: Methods and Fees

Advantages	Disadvantages
Wide variety of deposit methods	No detailed information on withdrawals is provided
No minimum deposit required	Commissions on credit card deposits
Free deposits with Visa and Mastercard debit cards	There are no other methods such as skrill, neteller, perfect money, etcetera.
Bank transfers accepted

IG offers several methods for depositing funds, including debit and credit cards, as well as wire transfers to your HSBC and Standard Chartered Bank accounts. No minimum deposit is required and debit card deposits are free of charge. However, fees of 1% are charged on Visa deposits and 0.5% on Mastercard deposits. Unfortunately, there is no detailed information on withdrawal of funds, which may be a drawback for some customers. Overall, the variety of deposit options is positive, although the costs associated with credit card deposits should be carefully considered.

IG Educational Reaources

Unlike other online brokers, IG seems to offer a limited amount of educational resources on its website. Although a news and analysis section can be found, as well as an economic calendar, there are not many online resources to help traders learn and improve their trading skills. It is important to note that despite this, IG has a long history and experience in the financial market, which can be of great help to experienced traders looking for a reliable and solid platform to conduct their trades. However, for new and inexperienced traders, they may need to seek additional educational resources elsewhere to enhance their understanding of the financial markets and develop effective trading skills.

IG Customer Service

Customer service is an important dimension for any business and in the case of IG, this company offers a variety of options for contacting them. Customers can communicate via phone, email, social media and online chat, which offers great flexibility and convenience for users. In addition, customer service is available in multiple languages, which is a great advantage for international customers. Overall, IG seems to have placed adequate emphasis on customer service, which is important to ensure customer satisfaction and maintain a good reputation in the financial market.

Conclusion

In conclusion, IG is a well-established and regulated trading platform that offers a wide variety of financial instruments, an intuitive web platform and access to MetaTrader 4 and L2 Dealer. Although its demo account offers generous virtual funding, information on live accounts is limited. Multilingual customer service is available through multiple channels. However, the lack of educational resources and limited information on withdrawals are areas where they could improve. Overall, IG is a solid choice for traders looking for a regulated platform with a wide selection of instruments and a reliable trading platform.

Frequently Asked Questions about IG

• Question: What is the minimum deposit required to open an account with IG？

• Answer: There is no minimum deposit requirement to open an account with IG.

• Question: What deposit methods are accepted on IG？

• Answer: IG accepts deposits through debit cards, credit cards and bank transfers.

• Question: What is the maximum leverage offered by IG？

• Answer: IG offers a maximum leverage of up to 1:200 on certain financial instruments.

• Question: How can I contact IG customer service？

• Answer: You can contact IG customer service by phone, email, online chat or social media.

• Question: What trading platforms does IG offer？

• Answer: IG offers an intuitive web platform, MetaTrader 4, L2 Dealer and mobile applications.

• Question: What is the average spread for EUR/USD at IG？

• Answer: The average spread for EUR/USD is one pip.

• Question: Does IG offer educational resources for traders？

• Answer: They offer a variety of live webinars and educational content on their YouTube channel.

Registered in	Dominic
Regulated by	No effective regulation at this time
Year(s) of establishment	2-5 years
Trading instruments	Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, futures
Minimum Initial Deposit	Information not available
Maximum Leverage	1:500
Minimum spread	Information not available
Trading platform	MT4
Deposit and withdrawal method	Bitcoin and Coinbase/PayPal
Customer Service	Email/phone number/address/live chat
Fraud Complaints Exposure	No for now

General Information

EagleFX is an online forex and cryptocurrency STP broker offering investors CFDs on hundreds of assets and the optimal trading environment. EagleFX offers deep liquidity, up to 1:500 trading leverage, and some of the best spreads in the industry. EagleFX is not currently subject to any active regulation.

EagleFX offer a variety of market instruments, including cryptocurrencies like Bitcoin and Ethereum, commodities such as gold and crude oil, stocks from global exchanges like Apple and Amazon, indices like S&P 500 and Nasdaq Composite, and futures contracts on various assets. EagleFX provides Real and Demo Accounts for traders to engage in live or simulated trading. The platform offers a user-friendly MetaTrader 4 (MT4) interface with comprehensive tools and features for efficient trading, including real-time market data and charting capabilities. While EagleFX lacks regulation, traders should exercise caution and conduct thorough research. The leverage ratios vary across different asset classes, with Forex and Metals at 1:500, Indices and Energies at 1:200, Cryptocurrencies at 1:100, and Stocks at 1:20. EagleFX implements variable spreads and charges a fixed commission fee of $6 per lot traded. Traders can reach their 24/7 customer support for assistance, and convenient deposit and withdrawal options are available.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

Is EagleFX legit or a scam？

EagleFX is registered in Dominic, but it is not regulated by any reputable financial authority. It's crucial to understand the risks associated with trading with an unregulated broker. Without oversight from regulatory bodies, there is a higher risk of unfair practices and inadequate protection of clients' funds. Traders must conduct thorough research and exercise due diligence before considering opening an account with an unregulated broker. It is important to prioritize the safety and security of funds by choosing a broker that is regulated by recognized financial authorities.

Market instruments

Currency pairs, indices, commodities, metals, energy, cryptocurrencies, stocks, futures .....EagleFX allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on EagleFX.

1. Cryptocurrencies:

   EagleFX provides a wide range of cryptocurrencies for trading. This includes popular digital assets like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and many others. Cryptocurrencies offer traders the opportunity to speculate on the price movements of these decentralized digital currencies.

2. Commodities:

EagleFX offers a variety of commodities for trading, allowing investors to participate in the global commodities market. Examples of commodities available on the platform include gold, silver, crude oil, natural gas, platinum, and agricultural products like corn, wheat, and coffee. Trading commodities can be influenced by factors such as supply and demand, geopolitical events, and economic indicators.

3. Stocks:

EagleFX allows traders to access a selection of stocks from different global exchanges. These stocks represent ownership in various companies across industries such as technology, finance, healthcare, and more. Examples of stocks available for trading may include Apple (AAPL), Amazon (AMZN), Microsoft (MSFT), Google (GOOGL), and Facebook (FB). Stock trading can involve analyzing company fundamentals, news, and market trends.

4. Indices:

EagleFX offers a range of indices, which are a compilation of multiple stocks representing a specific market or sector. Investors can trade on the price movements of indices such as the S&P 500, Dow Jones Industrial Average (DJIA), Nasdaq Composite, FTSE 100, and Nikkei 225. Trading indices provides exposure to broader market trends rather than individual stocks.

5. Futures:

EagleFX provides futures trading opportunities to investors. Futures contracts allow traders to speculate on the future price movements of various assets, including commodities, currencies, and stock indices. Futures can be used for hedging purposes or to capitalize on price fluctuations. Popular futures contracts include crude oil futures, gold futures, S&P 500 futures, and Eurodollar futures.

It's important to note that the availability of specific market instruments may vary and can be subject to market conditions and regulations. It's advisable to consult the EagleFX platform or contact their customer support for the most up-to-date information on the instruments they offer

Pros and Cons

EagleFX offers a wide range of market instruments, a user-friendly MetaTrader 4 platform, and comprehensive educational resources. Their 24/7 customer support ensures assistance whenever needed. However, the lack of regulation raises concerns about fund protection and fair practices. Limited information on bonuses and promotions is provided. Traders should exercise caution and conduct thorough research before considering trading with EagleFX.

Pros	Cons
Wide range of market instruments	Lack of regulation
MetaTrader 4 platform	Potential risk with unregulated broker
Educational resources	Limited information on bonuses and promotions
24/7 customer support

Spreads and Commissions

EagleFX implements a variable spread, meaning that the spread value continuously changes based on the ask and bid prices in the market. This dynamic spread allows traders to experience real-time pricing and reflects the liquidity and volatility of the specific asset being traded.

In addition to the spread, EagleFX applies two types of fees during trading:

1. Commission Fees: Traders are charged a fixed commission fee of $6 per lot traded. This fee is applicable for each round-turn trade executed.

2. Swap Fees: Swap fees are applied when a position is held overnight. The specific swap fees vary across different assets. For detailed information on swap fees, it is advisable to contact EagleFX directly or refer to their resources.

These costs are very important when calculating profits and losses, and should be considered in aggregate and not chosen in isolation. If you want to trade with EagleFX, we recommend that you take the time to calculate these transaction costs.

Account Types

Demo Account: EagleFX provides a demo account that allows you to try out the financial markets without the risk of losing money.

Live Account: EagleFX does not provide much real account information. Generally, Forex brokers offer several different levels of real accounts with different trading conditions (leverage, spreads, commissions, etc.) depending on the minimum deposit amount. Due to the law prohibiting interest in the Islamic region, some brokers also offer Islamic accounts without overnight interest charges.

How to open an account？

Here's a description of the account opening process for EagleFX, including 3-5 steps:

1. Visit the Website:

   Start by visiting the EagleFX website and locating the account opening section. Look for a “Sign Up” or “Open an Account” button to initiate the process.

2. Registration:

Click on the account opening button and fill out the registration form. Provide the required information, including your name, email address, and desired password. Ensure that all details are accurate and complete.

3. Account Type Selection:

Choose the type of account you wish to open, such as a Real Account or Demo Account. Consider your trading preferences and objectives when making this selection.

4. Verification:

Complete the verification process to confirm your identity. This may involve providing additional documentation, such as proof of identification (passport, driver's license) and proof of address (utility bill, bank statement).

5. Fund Your Account:

Once your account is verified, you can proceed to fund it. Select your preferred deposit method from the available options, which may include bank transfers, credit/debit cards, or e-wallets. Follow the instructions provided to complete the deposit process.

Note: The specific steps and requirements for account opening may vary, and it's essential to consult the EagleFX website or contact their customer support for the most accurate and up-to-date information regarding their account opening process.

It's important to consider that trading involves risk, and individuals should carefully review the terms and conditions of EagleFX before opening an account.

Trading Platforms

Although a long time has passed since the launch of MT4, it is still a major player in the market and is loved by traders all over the world. Accessing it from different devices also makes it easier for users to trade.

Leverage

EagleFX offers varying leverage ratios for different asset types, allowing traders to amplify their exposure to the market. Here's a brief overview of the leverage ratios provided by EagleFX:

For stocks, the leverage ratio is 1:20, meaning traders can trade with 20 times their account balance.

Forex and Metals have a leverage ratio of 1:500, enabling traders to control positions that are 500 times their account balance. This higher leverage can potentially magnify profits or losses.

Indices and Energies have a leverage ratio of 1:200, giving traders the ability to trade with 200 times their account balance.

Cryptocurrencies have a leverage ratio of 1:100, allowing traders to control positions that are 100 times their account balance.

It's important to note that while leverage can increase potential gains, it also magnifies potential losses. Traders should exercise caution and carefully manage their risk when utilizing leverage. Understanding the specific leverage ratios for each asset type is crucial to making informed trading decisions.

Please note that leverage ratios are subject to change and may vary based on market conditions and regulatory requirements. Traders should consult the EagleFX platform or contact their customer support for the most up-to-date information regarding leverage ratios for different asset classes.

Deposit and withdrawal methods and fees

EagleFX offers convenient options for depositing and withdrawing funds. For deposits, traders can choose from credit/debit cards, bank wire transfers (via Instacoins), or Bitcoin. The minimum deposit amount for credit/debit cards and bank wire transfers (via Instacoins) is $50, while for Bitcoin, it is $10.

For withdrawals, traders can use Bitcoin or withdraw via Coinbase and Alipay. The minimum withdrawal amount for Bitcoin is $10, regardless of the currency (USD, GBP, EUR). It's important to note that the availability and specific withdrawal methods may be subject to change or regional limitations.

EagleFX also provides the BITs option, which allows traders to take advantage of Bitcoin's fluctuating market prices. The value of BITs may vary based on the Bitcoin spot exchange rate driven by various factors.

For detailed and up-to-date information on deposit and withdrawal methods, it is recommended to consult the EagleFX website or contact their customer support.

Customer Support

EagleFX provides comprehensive customer support to assist traders with their needs. Their dedicated staff is available 24/7 to address inquiries and provide assistance. Traders can reach out to the support team through various channels, including phone, email, and live chat on social platforms such as Facebook. Whether you have questions about account-related matters, technical issues, or general inquiries, the customer support team is ready to help you in any way possible. Their commitment to round-the-clock support ensures that traders receive timely assistance whenever they need it.

Educational resources

EagleFX offers educational resources to support traders in their journey. They provide tutorials, blog posts, and other informative content to help traders enhance their knowledge and skills. Additionally, EagleFX has an extensive FAQ section on their website, addressing common questions about trading, account management, and platform features. By providing these educational materials and comprehensive FAQs, EagleFX aims to empower traders with the information and insights they need to make informed trading decisions and navigate the financial markets effectively.

Customer support of EagleFX

EagleFX offers educational resources to support traders in their journey. They provide tutorials, blog posts, and other informative content to help traders enhance their knowledge and skills. Additionally, EagleFX has an extensive FAQ section on their website, addressing common questions about trading, account management, and platform features. By providing these educational materials and comprehensive FAQs, EagleFX aims to empower traders with the information and insights they need to make informed trading decisions and navigate the financial markets effectively.

Below are the details about the customer service.

Language(s): English

Service Hours: 24/7

Online chat, call back, submit a ticket

Social medias: Facebook, Instagram, twitter.

Users exposures on WikiFX

We have not received any reports of fraudulent activity at this time. However, this does not necessarily mean that this broker is safe and you should remain vigilant to prevent being scammed.

Conclusion

EagleFX is an online trading platform catering to a diverse range of traders. They offer a variety of market instruments, including cryptocurrencies, commodities, stocks, indices, and futures. The platform provides Real and Demo Accounts for live or simulated trading. While EagleFX lacks regulation, they offer a user-friendly MetaTrader 4 interface with comprehensive tools. Leverage ratios vary across asset classes. EagleFX implements variable spreads and charges a fixed commission fee of $6 per lot traded. Traders can reach 24/7 customer support, and convenient deposit and withdrawal options are available. However, it's crucial to note the lack of regulation and exercise caution. Conducting thorough research before trading with EagleFX is recommended.

FAQs

Q: Is EagleFX a regulated broker？

A: No, EagleFX is not a regulated broker.

Q: What trading instruments are available at EagleFX？

A: EagleFX offers a wide range of trading instruments, including Cryptocurrencies, Commodities, Stocks, Indices, Futures

Q: Does EagleFX offer a demo account？

A: Yes, EagleFX offers a demo account that allows clients to practice trading in a risk-free environment with virtual funds.

Q: What trading platforms does EagleFX offer？

A: EagleFX offers a trading platform MetaTrader 4.

Q: Does EagleFX offer any bonuses or promotions？

A: It is not clear if EagleFX offers any bonuses or promotions, as the information is not provided on their website.

Q: What is the maximum leverage offered by EagleFX？

A: The maximum leverage offered by EagleFX is 1:500.

Q: Are there any Inactivity Fees？

A: No, customers are not charged any inactivity fees.