EagleFX is a unique cryptocurrency brokerage platform where users can use the best strategies and weigh the risk-return tradeoff more precisely. Founded in 2019, this platform has all the features that one looks for while trading in digital currencies such as Bitcoin.
Trading in digital currencies provides a sense of security to investors as the business audited regularly. Lastly, the funds are safe in the traders’ account itself and not in a mutual account as done with exchanges.
EagleFX uses Metatrader 4 or mt4 to execute its trades and is available for operating systems such as Windows, Android, and iOS. Also, with mt4, you can trade directly on the EagleFX website with the web trader. There are only two parties to a cryptocurrency trade – buyer and seller.
This reduces paperwork, fees, commissions, etc., that would have been levied had it been for fiat currency. EagleFX increases of anonymity of transactions carried out along with decentralized valuations. There is less confusion as to the amount outstanding to whom as auditors of the activities of EagleFX conduct regular audits.
Unique features of EagleFX
- Traders need a minimum of $10 to carry out the trades after an account successfully opened.
- The leverage ratio is 1:500, which covers a total of 11 indices, 55 fiat currencies, and 32 digital currencies.
- Confidential transactions as the traders are the sole owners of all their funds.
- Tightest spreads and best prices for all the trades executed there.
- EagleFX provides same-day withdrawals with the use of lightning-fast STP execution.
- A dedicated 24X7 client support for all queries, and their commitment to resolving those issues is commendable.
Future of Brokerage Firms in Modern Times
International trade has become much easier with the advent of cryptocurrency trading and brokerage platforms. There is a reduction in time and expense, as traders are the sole owners of their funds. Improved liquidity in trading digital currencies as there is no central authority to govern the transactions makes it a suitable alternative to regular payment means.
The platform has enabled CFD trading wherein the traders need to put in margin money while the other half is put in by the exchange itself. So, one can make large profits out of small amounts of investment. In some countries, these transactions are tax-advantaged. Hence, if reducing tax liability is the goal, make a few trades on digital currency through a foreign exchange like EagleFX.
EagleFX is a Forex trading firm which deals in fiat currencies and cryptocurrencies as well. It offers the mt4 platform to carry out trading activities. The minimum trade size 0.01, while the maximum leverage being 1:500. It is headquartered in The Commonwealth of Dominica. Thus, the platform allows web and mobile trading with 55+ currencies, 30+ Cryptocurrencies, and CFD trading.