All Share (J203) = 87 916
Rand / Dollar = 18.16
Rand / Pound = 23.50
Rand / Euro = 19.84
Gold (usd/oz) = 2 983.40
Platinum (usd/oz) = 1 008.60
Brent (usd/barrel) = 70.51
Trade +10,000 CFDs with Tight Raw Spreads. – Trade Now!

EagleFX Minimum Deposit

EagleFX - Minimum Deposit
 

EagleFX Minimum Deposit is $10/R144 ZAR. This is very good when compared to other brokers minimum deposit fees, making it accessible to beginner and smaller retail traders.

 

EagleFX at a Glance

 

🔎 Broker's NameEagleFX
📍 HeadquarteredDominica
📅 Year Founded2019
⚖️ Regulating AuthoritiesNone at present
🌐 Countries not accepted for tradeNot indicated – EagleFX accepts traders from Australia, Thailand, Canada, United States, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries
☪️ Islamic account (swap-free)Yes
👍 Demo AccountYes
📊 Institutional AccountsNo
📊 Managed AccountsNo
📈 Maximum Leverage1:500
💰 Minimum Deposit$10 (144 ZAR)
💳 Deposit OptionsBitcoin, Credit Card, Debit Card, and Wire Transfer
💳 Withdrawal OptionsBitcoin, Credit Card, Debit Card, and Wire Transfer
💻 Platform TypesMetaTrader 4,Windows, Mobile, Web, iPhone, iPad
📱 OS CompatibilityPC and Mac OS, mobile for Android and IOS
📈 Tradable assets offeredForex, Shares, Commodities, Cryptocurrencies
👨‍💼 Languages supported on WebsiteEnglish only
👥 Customer Support LanguagesEnglish only
📆 Customer Service Hours24/7
👉 Open a account👉 Click Here

 

Min Deposit

USD 50 / ZAR 894

Regulators

No Regulation

Trading Platform

MT4

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

Choose your quick section of our EagleFX Minimum Deposit below.

 

EagleFX  Minimum deposit – 7 key points quick overview:

 

  1. EagleFX Minimum Deposit
  2. EagleFX Deposit fees and deposit methods
  3. EagleFX step-by-step guide to depositing the minimum amount
  4. EagleFX Customer Reviews
  5. EagleFX Pros and Cons
  6. Conclusion
  7. Frequently Asked Questions

 

Here is our overview of the EagleFX Minimum deposit as well as the pros and cons as well as features that are offered to traders.

 

EagleFX Minimum Deposit

 

EagleFX Minimum Deposit

 

EagleFX has a minimum deposit requirement of only $ 10.

 

This minimum deposit amount is equivalent to 144  ZAR at the current exchange rate between the US Dollar and the South African Rand at the time of writing.

 

The minimum deposit requirement is an extremely low minimum deposit amount. This is the most affordable option for any beginner trader and ensures that this broker would be seriously considered by most traders.

 

EagleFX is not regulated or authorized by any regulatory body, which means there is no watchdog keeping an eye on the way client funds are handled. It is not clear on the broker’s website whether client funds are kept in segregated accounts.

 

The broker states on its website that it promises that the security and stability of deposited funds will always be among its top priorities. It does, however, not state how this is done.

 

It is a requirement by most regulatory bodies and financial institutions, amidst several other strict rules and regulations, that all client funds must be kept separate from the broker account, and it can only be used by traders to conduct trading activities.

 

 

EagleFX Deposit fees and deposit methods

 

EagleFX Deposit fees and deposit methods

 

When compared with other brokers, the minimum deposit that EagleFX requires when registering a live account is extremely low.

 

Payment methods that can be used to deposit and withdraw funds are limited to:

💳Credit cards
💳Debit cards
💳Bitcoin
💳Bank Wire transfers

 

Deposit currencies that are accepted include EUR, GBP, USD, and Bitcoin (BTC). Should any other currencies be used, traders will most probably have to pay a currency conversion fee.

 

EagleFX does not charge any fee to deposit or withdraw funds. Traders must, however, ensure that they verify whether their financial institution waives its own fees as there may be additional fees payable.

 

These often depend on the payment method used as well as the amount which is deposited into the trading account.

 

 

EagleFX step-by-step guide to depositing the minimum amount

 

When funding the trading account, traders can do it from their own bank account by sending the funds to the trading account held with EagleFX.

 

🔴Step 1 – Log into their account

Clients simply need to log into their account, click on the banner that says “deposit”, select the deposit methods and confirm their deposit.

 

EagleFX step by step guide to deposit the minimum amount STEP 1

 

 

🔴Step 2 – Deposit currency

Traders must ensure that they select the correct deposit currency before they make a deposit.

 

EagleFX step-by-step guide to depositing the minimum amount step 2

 

🔴Step 3 –Funds

Funds must be transferred in the same currency as the bank account to which they are sending it to. Should this not be done, traders may be subjected to currency conversion fees.

 

EagleFX Customer Reviews

 

Been with EagleFX for a while now

Been with EagleFX for a while now, they’ve got good leverage of up to 1:500 which is perfect for me. Customer support is always there and very polite. And 24/7 crypto trading is a big plus.

FBS Trustpilot

Perfect broker

I’m really glad I found EagleFX. It’s a pleasure to use and also when you need assistance or anything the client service is the best and most kind I’ve ever witnessed. Wouldn’t want anything different than EagleFX, thanks!

FBS Trustpilot

I have been using EagleFX for last year

I have been using EagleFX for last year now in my trading journey

Overall after having not-so-good experiences with previous brokers can say the company is one of the best out there

Very user friendly portal, smooth payment, and deposit processes as well as great leverage and fees which is vital for trading

Customer service and support were very good too – had no issues getting anything resolved within 48 hours max

FBS Trustpilot

 

Min Deposit

USD 50 / ZAR 894

Regulators

No Regulation

Trading Platform

MT4

Crypto

Yes

Total Pairs

100+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

 

EagleFX Pros and Cons

 

✔️ Pros❌ Cons
Low minimum deposit requirementLimited deposit currencies offered
No deposit fees chargedLimited payment methods offered
No withdrawal fees chargedNot regulated

 

Conclusion

 

The EagleFX Minimum Deposit is $10/R144 ZAR. This is very good when compared to other brokers’ minimum deposit fees, making it accessible to beginner and smaller retail traders.

 

You might also like: EagleFX Account Types Overvie

You might also like: EagleFX Review

You might also like: EagleFX Demo Account – Step by Step

You might also like: EagleFX Fees and Spreads

You might also like: EagleFX Islamic Account Overview

You might also like: EagleFX Sign-up Bonus

 

Frequently Asked Questions

 

What is the minimum deposit for EagleFX?

$ 10.

 

How do I make a deposit and withdrawal with EagleFX?

 

Does EagleFX charge withdrawal fees?

No. Although no withdrawal fees are charged, traders should take note the fees may incur depending on the financial provider you use.

 

How long does it take to make a withdrawal?

Withdrawals are usually done within 30 minutes. Bank transfers take up to three working days depending on your location and your payment provider.

5/5 - (1 vote)

Written by:

Louis Schoeman

Edited by:

Skerdian Meta

Fact checked by:

Arslan Butt

Updated:

February 21, 2023

Written by:

Louis Schoeman

Featured SA Shares Writer and Forex Analyst.

I am an expert in brokerage safety, adept at spotting scam brokers in mere seconds. My guidance, rooted in my firsthand experience with brokers and an in-depth understanding of the regulatory framework, has safeguarded hundreds of users from fraudulent brokerage activities.

Edited by:

Skerdian Meta

Leading Analyst

Skerdian Meta FXL’s Heading Analyst is a professional Forex trader and market analyst and has been actively engaged in market analysis for the past 10 years. Before becoming our leading analyst, Skerdian served as a trader and market analyst at Saxo Bank’s local branch, Aksioner, the forex division and traded small investor’s funds for two years.

Fact checked by:

Arslan Butt

Commodities & Indices Analyst

Arslan Butt, a financial expert with an MBA in Behavioral Finance, leads commodities and indices analysis. His experience as a senior analyst and market knowledge (including day trading) fuel his insightful work on cryptocurrency and forex markets, published in respected outlets like ForexCrunch.

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