EagleFX Review: Is EagleFX a legit broker or a scam?
Finding an appropriate brokerage for your investment is one of the most important tasks you must undertake at the start of your trading. The broker you select will determine the level of efficiency you achieve in the market; a dependable, trustworthy service provider will increase your earnings, while a scammer will always strive to rob you.
However, the online trading sector is replete with scam brokers; this is not enough to give up your search. This EagleFX broker will cover every aspect of the EagleFX fraud.
Website – eaglefx.com and eaglefxportfolio.com
Address – 8 Copthall, Roseau Valley 00152, The Commonwealth of Dominica
Warned By – Commodity Futures Trading Commission (United States) and Ontario Securities Commission (Ontario)
EagleFX was placed on the Ontario Securities Commission and US Commodity Futures Trading Commission’s warning list. According to this authority, this broker lacks a license in Ontario to trade securities.
EagleFX is a ruthless forex and CFD brokerage organization determined to wreak significant harm. Eagle FX is recommending that users make as many deposits as possible before closing their accounts. This broker merely preys on naive online investors.
EagleFX claims to be located in the Dominica Republic. This is plainly stated in the homepage’s disclaimer. EagleFX Ltd. is the company that claims to be the only proprietor of this platform. Are these assertions true? If they are correct, we are interacting with an offshore broker. Offshore brokers continually demonstrate that they are dishonest. These brokers will close a platform without returning deposits.
EagleFX Security and Regulation
Licensed in the Commonwealth of Dominica, EagleFX is a broker that does business unhindered. This means that in the event of an incident, you will be out of luck and just lose your money. Brokers typically register in such regions to dodge laws and protect themselves from legal action for defrauding clients. This broker offers to employ a frozen fund to ensure the safety of the funds.
Funds are saved on a personal storage device and are not viewable on the website’s server or any other machine. They claim that the only sum maintained on their system is the projected sum to facilitate a speedy withdrawal processing.
After reviewing all of this, we were still unsure of how to check your balance and whether you can view the money with this broker or not.
We warn you to use precautions while dealing with this firm.
EagleFX Review Conclusion
Without a doubt, Eagle FX is a fraud that has to be revealed by everyone involved. This is yet another illegitimate broker, lacking both the necessary licensing and being anonymous. Avoid using this platform.
We are going to protect investors from such brokers by adding this broker to our list of scam brokers. Firstly, if you were a victim of the EagleFX scam, do not panic. If you can’t get your money back, you can file a complaint. The community of fund recovery specialists known as Fraud Brokers has the best success rates when managing cases of internet trading fraud.
Read about a broker who engaged in a similar scam – CMIndex review
More about ScamsFraudbrokers as we have experience