EagleFX broker Accounts

eaglefx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

eaglefx Account Types Explained

EagleFX offers a streamlined selection of account types designed to cater to various trading needs. As of 2025, the primary account types available are:

1. Standard Account

• Minimum Deposit Requirement: $10
• Spread/Commission Structure: Variable spreads starting from 0.2 pips, with a commission of $3 per side.
• Leverage Options: Up to 1:500.
• Key Features: Access to over 100 trading instruments, including forex, cryptocurrencies, commodities, and indices.
• Target User Profile: Suitable for both beginners and experienced traders.
• Trading Instruments Available: Forex pairs, cryptocurrencies, commodities, and indices.

2. Demo Account

• Minimum Deposit Requirement: None (virtual funds).
• Spread/Commission Structure: Same as the Standard account.
• Leverage Options: Same as the Standard account.
• Key Features: Unlimited access for practice trading without risk, ideal for beginners to familiarize themselves with the trading platform.
• Target User Profile: Beginners and traders looking to test strategies.
• Trading Instruments Available: Same as the Standard account.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Demo Account for practice, then Standard Account for live trading.
• Intermediate to Advanced Traders: Standard Account for trading with real funds and higher leverage.

Detailed eaglefx Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• High leverage options.

• Access to a wide range of instruments.

• Competitive spreads.

• Demo Account:

• Risk-free trading environment.

• Unlimited duration for practice.

• Ideal for testing strategies and learning the platform.

Disadvantages of Each Account Type

• Standard Account:

• Requires a minimum deposit to start trading.

• Unregulated, which may concern some traders.

• Demo Account:

• No real money involved, which may not simulate real trading emotions.

• Limited to virtual funds, which cannot be withdrawn.

eaglefx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available globally, but check local regulations.
• Prohibited Countries: Specific countries may be restricted due to local laws (details not specified).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with your name and address.
• Additional Documentation for Professional Accounts: May require additional financial documentation.

KYC/AML Compliance Procedures

EagleFX follows Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

Account verification typically takes between a few hours to a couple of days, depending on the completeness of the submitted documents.

Step-by-Step eaglefx Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the EagleFX website and select the "Sign Up" option.
2. Personal Information Entry: Fill in your personal details, including name, email, date of birth, and create a secure password.
3. Choose Account Type: Select the Standard account or Demo account based on your preference.
4. Set Trading Preferences: Indicate your trading preferences during the registration.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the verification process to be completed.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with a user-friendly interface designed for ease of use.

Common Registration Issues and Solutions

• Issue: Email verification not received.
• Solution: Check spam/junk folders or request a new verification email.
• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.

Average Account Approval Time

Typically, account approval can take from a few hours to a couple of days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Contact customer support for assistance in upgrading or downgrading your account type as needed.

eaglefx Demo Account Guide

Demo Account Features and Benefits

• Unlimited access for practice trading.
• No financial risk involved.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Select the Demo account option during the registration process.
• No deposit is required; you will receive virtual funds to trade.

Demo Account Limitations

• Virtual funds cannot be withdrawn.
• May not fully replicate the emotional aspects of live trading.

Virtual Balance Amount

The demo account typically comes with a virtual balance that can be set by the user, allowing for flexible practice.

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account requires real money deposits.
• Emotional factors differ significantly between demo and live trading.

Duration/Expiry of Demo Accounts

Demo accounts do not have a set expiration date, allowing users to practice indefinitely.

eaglefx Islamic Account Details

Islamic Account Availability

EagleFX does not currently offer a specific Islamic or swap-free account option.

Eligibility Requirements

As there are no Islamic accounts available, this section is not applicable.

Differences from Standard Accounts

Not applicable due to the absence of Islamic account options.

How to Apply for Islamic Account

Not applicable due to the absence of Islamic account options.

Restrictions or Special Conditions

Not applicable due to the absence of Islamic account options.

FAQs – eaglefx Account Types & Opening

1. What account types does eaglefx offer？

• EagleFX offers a Standard account and a Demo account.

1. What is the minimum deposit for each account type？

• The minimum deposit for the Standard account is $10, while the Demo account requires no deposit.

1. How long does eaglefx account verification take？

• Account verification typically takes a few hours to a couple of days.

1. Does eaglefx offer demo accounts？

• Yes, EagleFX offers a Demo account for practice trading.

1. Can I have multiple account types with eaglefx？

• Yes, you can open multiple accounts, but you may need to contact customer support for assistance.

1. Does eaglefx offer Islamic/swap-free accounts？

• No, EagleFX does not currently offer Islamic or swap-free accounts.

1. What documents do I need to open a eaglefx account？

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support.