Broker EagleFX reviews our editorial:
The danger of investing in the stock market
Investing in the stock market is constantly associated with some risks, but this danger can be reduced with adequate knowledge, skills and experience. Professional investors make a lot more lucrative trades than novice traders, and this is no coincidence. Novices often make bad decisions. Because they do not fully understand the laws that govern the market or do not pay enough attention to important incidents from the world. It is these events, after a short period of time, that affect asset price fluctuations.
Professional players constantly consider the market situation and make decisions based on good foundations. The path from a beginner to a professional investor is usually long and easy to be disappointed only after taking a few unsuccessful investments. Especially when we lose some of our real capital. In this case, a great idea for new traders is to apply a demo account to learn the platform. Test innovative investing strategies and acquire experience.
EagleFX broker demo account
Before you start trading authentic cash CFDs, you should first learn about the trading platform. You can use a demo account for this. EagleFX broker offers its contractors a free demo account. By creating such an account, you will receive all the tools and charts that are available in the real account. You can also track current price fluctuations and invest in virtual money in the same way as real money.
You will be able to switch the account type to the actual one at any time. If you feel that you are ready to invest real capital. A demo account will allow you to gain practical experience, not just theoretical experience. Just like reading investing books or watching videos on YouTube. However, if you would like to understand the best investment strategies or to deepen your theoretical knowledge, then we would like to recommend two books. Zenon Komar – "The Art of Speculation" and Jack D. Schwager – "Market Wizards. Conversations with outstanding traders" that can help you analyze and learn the rules governing trade.
How do I settle my money?
Be aware that, each investment service charges a spread when you open another investment, it is a commission for brokering a trade, usually 100th or 100 % of the amount you invest. The amount of the spread depends only on the company's policy and can be fixed or variable. Any return on investment is also taxable and must be settled with the money earned in your tax country. In Poland, PIT-38, which accounts for income from financial capital as well as the sale of derivative financial instruments for consideration, is used to settle the income from investments on the stock exchange. If you do not know how to fill pit-38 you can seek the advice of a legal counsel or look for such knowledge on the Internet. You can also settle online, in which case filling the PIT should not cause you any difficulties.
EagleFX broker help and terms and conditions our opinion
The contact with the technical department was great, we received answers to any inquiries immediately after asking the question. This was very helpful information that explained all our doubts. The responses provided by the technical team are at a high level.
Also eaglefx broker support works very well, live chat is a first-class solution. You can get a short answer. After you send the question and explain your own problem in detail to the employee. When checking the platform, we wrote to support asking: "How best to withdraw your finances". So that they reach our private account as soon as possible. We received a comprehensive response that really helped us make a final decision. The support worker was extremely polite. He really tried to help and advised us the best acceptable method of withdrawing money.
In the eaglefx broker's terms and conditions we have seen a lot of helpful information regarding, among other things: Financial instruments proposed by the platform. Leverage that can be used by inexperienced and professional investors, as well as in-depth information relating to the broker itself. Such as the address of the organization for correspondence, a list of useful telephone numbers. As well as email addresses and even license numbers that the broker has.
How to create a demo account
Registration of the EagleFX demo account took place without any problems, however, the site does not have the possibility to choose your native language. The entire registration should therefore be carried out in English, which can be a hassle for most users. Unfortunately, after setting up an account and logging in to the platform, it was also not possible to modify the language. Therefore, the entire registration of the demo account, as well as any investments we had to implement in English. It was tiring and not very pleasant because the translator does not best translate professional phrases and stock exchange issues.
Reading the terms of the agreement in English was also quite difficult. The English official language is difficult to translate in the translator, and the terms of the agreement have a huge amount of content pages. Unfortunately, for this reason, we have devoted not enough hours to properly translate and understand the whole agreement.
In our opinion, the conditions proposed by this company are not favorable for novice customers. Many of the intermediaries tested by our team offer more interesting conditions to their new users. Many investment services do not provide 100% security for their clients in every aspect, as they stress that in some exceptional cases, there may be situations when the stop loss system does not work quickly enough. Customers must consider the possibility of losing their capital, despite the "stop loss" option being marked.
The biggest advantages of eaglefx broker according to our opinion
The biggest values of this platform are undoubtedly training articles. Instructional videos, individual advice in the field of investing, a gigantic amount of financial instruments that make learning much easier. The ability to try the platform on the demo account as well as an extremely valuable economic calendar. A big positive of this service is the fact that it has an author's web application. This greatly simplifies decision-making and investment. During the course of the tests, we paid special attention to the risk records associated with the conclusion of investments. As well as what % of counterparties investing through a given broker, unfortunately, for this service, the % of the counterparties who make losses is quite large.
In addition, we searched for the official account of each of the brokers on Facebook, and then compared all comments found on such a profile. A significant detail of our study was to check the reliability of the company address of each intermediary, as stated on the official website. In several cases, during the entire test, we did not find any headquarters or physical office at the address indicated. However, in the case of EagleFX, the address provided has been certified and is reliable.
EagleFX broker negative reviews of our team
In our opinion, this platform is a very good intermediary. Nevertheless, it also has its drawbacks, which need to be taken into account. Browsing foreign-language forums for investors, especially in German and French. We found a lot of statements about the EagleFX broker. Opinions were most flattering, but extremely short. Consisting of one or two words. However, a small part of the speech was critical. We analyzed such opinions in detail in an attempt to determine whether they are real or false. A large group of investors was unhappy with the period that had to wait for the transfer of money from the investment account. According to their assessment, they were forced to wait too long before the money went into their private account.
EagleFX broker withdraw money
We decided to check this out and see how much more or less it takes to withdraw money from this platform. First, we made a real transfer to the EagleFX broker account. The deposit arrived in the stock account extremely quickly and after a few days we had the opportunity to invest in real cash. There were also no fees or commissions for making a deposit. After a few days of testing the platform, it was time to withdraw the earned money. So we decided to choose the same withdrawal method we used to make the first deposit. We hoped that everything would go quickly, although at the very beginning we met with a commission for the broker. As well as with a small fee for the transfer order.
From the moment we ordered the transfer to a private account we had to wait much more than 3 days. Before the finances were credited to the account. During this time, we have made an inquiry to the technical team. Technical assistance announced that the delay is probably due to the limitations of our bank. In view of the above, we claim that EagleFX cannot be responsible for them under any circumstances. As a result, we cannot undeniably determine how much time it takes to withdraw money. Because depending on the transfer method used, this time may vary. In our case it was a lot over four days. In our opinion, this has been too long and we do not consider this to be an advantage of the platform.
Which broker to choose?
Choosing a trading platform is the most important decision of any investor. As the investment service mediates with even the smallest transaction and it is to him that we entrust our finances. It must therefore be tried and worthy of trust. In this blog, we want to mark your own reviews about the EagleFX broker. But also touch a little bit the issue of making money on the stock market and investing in CFDs. The amount we decide to invest is of great importance.
As the greater the finances we invest, the greater the opportunity for profit, but also greater stress. Contrary to appearances, nerves can have a significant impact on our choices. You should always try to stay calm and not make decisions under pressure from emotions. The ability to think sensibly while under the influence of powerful stress. This is an extremely useful feature, among professional investors.
Broker EagleFX reviews forum
Reviews on the forum this platform gets from traders mostly not the best. Our editors tested the demo account and the real account for several days. We checked how deposits and withdrawals work, and what comments on the forum eaglefx broker gets from professional investors.
If you want to find a proven broker. The way it will secure your payout in a difficult situation. So choose reasonably, check out the ranking of forex CFDs.
Then choose which service will be perfect for you.
EagleFX broker allows you to invest in a variety of financial instruments. Among other things: CFDs on shares of powerful companies, cryptocurrencies, commodities and Forex. You can earn a lot from them. Similarly, however, you can lose your invested money quickly or go to zero. Before we proceed to the description of this platform as well as to provide our own opinion on the subject. We would first like to introduce our readers to what we focused on during the test. Most often we asked questions about whether the broker EagleFX:
- provides a free demo account?
- has the required legal licenses and is sure?
- is not included in the warning list?
- convinces you to make real money as well as forcing you to make significant deposits?
- What are the opinions on the investor forum?
- What are our experiences?
- We also checked to see if our language is supported.
Interesting questions that we want to answer.
We would like to answer the most frequently asked questions about the EagleFX broker that we receive from you to our e-mail address. We chose only the most interesting ones, as most of them repeated:
- Is eaglefx broker reliable? – indeed, during our test there were no problems with the withdrawal of money, not taking into account the quite long waiting time for the transfer of funds.
- EagleFX reviews- most often receives from an increasing number of prominent investors. We checked on several large business portals and managed to find a lot of interesting news, as well as insights about this broker.
- Scam or not? – it is certainly not a scam, such a company is registered.
- EagleFX Test Account – Demo account is available without the need to make a deposit.
- EagleFX broker negative reviews– on the forum receives very occasionally, in most cases they are caused by an investor error. Which for his own missed investment accuses the broker, however, a large part of the comments are positive.
- The best broker – in our opinion there are many better platforms, although this is our private opinion. Certainly some users may think that the EagleFX broker is the best.
- EagleFX negative comments – on the forum and facebook receives not often, in general, investors complain about the long waiting time for the payment of earned money.
- EagleFX demo account – offers a free demo account, with no time limit. Unfortunately, after using all available virtual money, there is no way to continue to use it.
Where to start?
If you are a novice inverter and do not have much trading experience so far. We suggest that you focus on one or most of the two categories. Which specific categories you choose are entirely up to you. However, remember that the more you specify your goal, the more time you will be able to devote to a thorough analysis of the current situation. The most important categories are commodities (gold, silver, oil), stocks of companies (Apple, Orlen, CD Projekt), forex (USD/EUR, PLN/EUR, CHF/USD), cryptocurrencies (bitcoin, ethereum, xrp), domestic indices (WIG 20, USA 500, Germany 30) as well as commodities (coffee, sugar, corn). By choosing one category, you can carefully analyze historical fluctuations in values and try to draw conclusions. You should wonder what has changed the value of the assets in question in the past.
If you choose to address only one specific category e.g. cryptocurrencies, then after a while you will notice. Exactly that any information from the country and from the world you will start to analyze through the prism "and how it will affect cryptocurrencies". Because of this, your next investments will be the result of insightful thoughts. They will no longer be a case as it will probably be at the very beginning. A significant proportion of professional investors also select only one main category, and then allocate up to 80% of their investment time and capital. There is no man all over the world who knows everything, in which case it is advisable to choose one field at the very beginning. Spend up to a maximum of time on its analysis, rather than separating it from any other categories.
EagleFX Broker Demo Account
Most attractive brokers offer a free demo account, usually a demo account registration does not need to prove even basic data. EagleFX broker also does not require even the smallest deposits to activate the demo account. Therefore, you can check the effectiveness of the platform without any expenses. The speed of enforcement and the stability of the connection to the application. Without any danger of losing real money. This platform also provides a demo account to its customers, but uses a budget constraint. This means that we receive a pre-calculated amount of virtual currency for use. Which does not refresh when exhausted. This means that after spending the entire amount we have to decide whether we want to deposit real money into this broker. However, do we prefer to try a few other platforms before we make a decisive decision.
Any good investment service in our opinion should have revolving money in a demo account. So that every novice user has unlimited opportunity to properly check the platform under each account. In the course of testing, it turned out that several brokers set time limits for using a demo account. It was usually a month of time during which the new investor had to learn all the significant features of the platform. After this period, the demo account was suspended and there was no way to continue using it. At that time, it was only possible to transfer authentic money. EagleFX does not apply time limits to your demo account. They can be used until all virtual money is used.
Our opinion on EagleFX
The eaglefx broker's website is not very popular with us, the colors of the buttons, the graphics layout and colors are not intuitive and can cause problems to inexperienced investors. In addition, all too often there is an ad urging you to transfer real money. According to our feeling, navigating the platform is not easy. A serious problem that further limited the quiet use of the services of this broker was the fact that the website cut from time to time, or unusually long loading or even crashed.
However, we do not accuse the EagleFX broker for this because we can not be 100% sure whether these obstacles were not caused by our internet in the editorial office or the computer that we used at the time. Or some other external element not related to the EagleFX broker such as server trouble. This is nevertheless only our assessment, which is due to private feelings and thoughts, each person should have a different impression about this service. So we think that it's best if you check for yourself if this platform meets your expectations.
According to our assessment, the EagleFX broker is not the best choice for beginners and advanced investors, because the composition of the site as well as the color used on this platform can be very confusing for new customers. In addition, a large number of retail charts will significantly impede market analysis for professional investors. Broker EagleFX reviews on the forum gets mostly favorable although these are mostly very suspicious comments as "recommend". We therefore have no way of estimating whether these comments are really true and written by many investors. Or maybe one person has written a lot of the same opinions about this broker to convince new users to transfer real money to this platform.
Emotions and stress
Emotions are part of investing in the stock market, but bad emotions and stress are the worst advisers. The very thought of the possibility of earning or losing significant money evokes some emotions. However, if you are faced with the choice of "withdraw – do you wait?" And at stake will range your 50 thousand zlotys, the emotions will reach the zenith. What decision you make in such a situation will depend on your emotions on a significant scale. If you can control your stress and excitement then you have a chance to become one of the most outstanding investors.
On the Internet you have a chance to find a lot of guides and books on how to deal with stress. Making hard decisions while being under the influence of strong nerves is not the best solution, but that's what it's about investing in CFDs. There are plenty of techniques that allow you to strengthen nerve control and even completely silence them. Many experienced investors promote, for example, meditation or yoga exercises.
Any investment involves the risk of losing capital, before placing any sum in the hope of profit, but you have to think about whether the likely loss of this money in the event of a missed investment will not affect the level of your life. One of the most important principles of advanced traders is to invest only those funds, the loss of which will not have any relevance to the quality of their life. Do not invest money that you need for a normal life!
If you have savings that you wanted to spend e.g. rest or a newer car, then also think hard before you decide to trade this money. Constantly count on the possibility of loss and completely do not set yourself up for profit. For this reason, under no circumstances will you find yourself in a difficult situation. You will only be pleasantly amazed if an investment is successful and an unexpected amount of money falls into your account.
EagleFX Broker Training Materials
The most popular brokers offer their clients a free demo account, designed to learn how to invest, try innovative strategies and test the trading platform. It works the same as real, a unique difference is the virtual currency. If you are a novice investor then remember that. "With each subsequent investment, you'll get experience and make fewer mistakes."
If you're looking for a tried and tested broker, monitored by the finance committee and with legal licenses that guarantees its solvency, see the updated ranking of CFDs brokers. Each service placed in the ranking was examined and evaluated by many investors. In making this comparison, we also took into account the opinions and comments about the EagleFX broker. Discovered on the internet not only on pages in our language. But in addition, on English and German forums dedicated to making money. Investing always comes with risks. Therefore, do not invest money that potential loss could make your living worse.
Price difference contracts, also called "CFDs". They enable investors to earn equally on the increase in the value of assets as well as on the decline. What is unrealistic about the classical exchange. The investor sets a contract with the broker and then considers whether the price of the selected assets will fall or rise. When his assumptions work and the price changes properly with his predictions, he notes the benefit. CFDs allow you to use leverage, the so-called "levee" to multiply your income. Most platforms offer young investors optimal leverage of 1:30. However, expert investors have the opportunity to apply for an increase in the maximum level of leverage.
The traditional leverage of 1:30 means that at the time of entering into a CFD, the amount invested by us will be multiplied 30 times. For example, by transferring 100 euros to a broker account, we have the opportunity to freely "invest" 3000 euros, and from the amount of three thousand we will earn %. If the value changes correctly with our speculations or lose if we make a mistake. Investing with leverage is riskier, although it gives you the chance to make a gigantic return using a small amount of your own. When investing through brokers with legal licenses, there is no option to become indebted. The balance of our stock account may in the worst case be reduced to zero. This indicates that by investing the above mentioned 100 euros we can lose a maximum of 100 ZŁ. It is not possible for your account balance to be less than zero.
Before you make a decision!
Before accepting the final decision of which broker to choose, see the most popular reviews and comments about the EagleFX broker on the internet, or any other broker that convinces you. On this blog you have the opportunity to read reviews of people who have already had experience with multiple platforms. They distinguish or advise against some brokers. Please note that every broker operating in our country is required to obtain legal licenses and authorisations to broker transactions within the EU. Please note that an investment service that is controlled by a national or European Financial Commission offers greater security for your capital. You can also track the ranking of brokers and compare your choice with the choice of advanced traders. This will tell you which place you have selected and whether you are trustworthy according to other users.
Your feedback and comments
Before you decide to transfer your savings to a broker's account. This is see what reviews about the EagleFX broker are written by other forum users. The main thing is to choose such an intermediary, which will provide security and guarantee of payment of money. Our team would like to thank you for any comments you write about the EagleFX broker. Your feedback is extremely valuable to us. If you wanted our team to try out a new broker that we don't have any feedback on our blog yet. We cordially invite you to send you an email with the name of this website and the address of its website.
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