AvaTrade vs EagleFX Comparison for 2024

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AvaTrade

AvaTrade is a global broker established in 2006. On its MetaTrader and proprietary platforms, you can trade over 1,000 forex, CFDs and forex options. Social traders can trade via AvaSocial, DupliTrade and ZuluTrade. AvaProtect, market news feed, and Trading Central analyses are some of the tools available to traders.Risk warning: 71% of retail traders lose money

AvaTrade Overview
  • Founded In: 2006
  • Minimum Deposit: $100
  • Maximum Leverage: 30:1
  • Regulations: ASIC, FSCA, FSA, FFAJ ,CBI
  • Trading platform: MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
  • Account Types: Retail , Professional , Islamic , MAM
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Boleto, DinPay, FasaPay, gCard, Neteller, PaySec, SafeCharge, Skrill, VoguePay, WebMoney
  • US Traders:  Not Accepted 

EagleFX

Though EagleFX is unregulated, it asserts that clients’ Bitcoin deposits are safely stored in a cold storage location. Bitcoin is the primary payment option used by EagleFX. You can start trading with just $10 on its MT4 platforms and enjoy deep liquidity, tight spreads, and speedy STP executions.

Eaglefx Overview
  • Founded In: 2019
  • Minimum Deposit: $10
  • Maximum Leverage: 500:1
  • Regulations: None 
  • Trading platform: MT4 ,Webtrader
  • Account Types: 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Bitcoin
  • US Traders: Accepted 

AvaTrade vs EagleFX: Side By Side Comparison

AvaTrade
EagleFX
Product
Founded In
Founded In
2006
2019
Founded By
Founded By
Negev Shekel Nosatzki
Not Found
Headquarters
Headquarters
Dublin, Ireland
Roseau Valley 00152, Dominica
Regulations
Regulations
ASIC, FSCA, FSA, FFAJ ,CBI
None
Min Deposit
Min Deposit
$100
$10
Max Leverage
Max Leverage
30:1
500:1
Tradable Assets
Tradable Assets
Metals, Commodities, Stocks, FX Options, Oil, ETFs, Options, Crypto currencies, CFDs, Indexes, Shares, Spread Betting, Indices, Forex, Bonds
Currencies , Cryptocurrencies, Commodities , Stocks , Indices , Futures
Fees
Fees
As low as 0.9 pips
Spread from
Platforms and Tools
Platforms and Tools
MetaTrader 4, MetaTrader 5, AvaOptions, DupliTrade, ZuluTrade, WebTrader
MT4 , WebTrader
US Traders
US Traders
Not Allowed
Allowed

AvaTrade vs EagleFX: Pros and Cons

AvaTrade Pros & Cons

EagleFX Pros & Cons

Pros
  • The maximum leverage is as high as 1:500
  • The minimum deposit is as low as $10
  • Scalping Hedging, News trading, and the use of trading robots are allowed 
  • Speedy STP trade executions in less than a second. 
  • Over 150 trading instruments can be traded on the platforms. 
  • Offers free demo accounts 
  • The round-turn commission is $6, which is low and competitive compared to others.  
  • Zero Fees on Deposit and Withdrawal 
  • Offers Crypto CFD Trading 
Cons
  •  The broker is not regulated 
  •  No investor protection scheme for traders 
  • No managed accounts, social trading, or any provision for investors. 
  • Limited Deposit and Withdrawal Options 
  • Ctrader, Zulutrade, and Tradingview are not available 
  • There are no educational resources

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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