Infinox vs EagleFX

Infinox vs EagleFX Comparison Table 2024
Infinox EagleFX
3.4
4.1

Infinox is a UK-based and FCA-regulated broker that offers diverse trading products thanks to its STP and ECN account types and support for MetaTrader 4, MetaTrader 5 and a proprietary platform. Clients can also benefit from a free VPS that can support automated strategies and a social trading platform, catering to both beginner and seasoned traders.

EagleFX is a forex and CFD broker, established in 2019. The broker uses STP execution on the MT4 platform, offering tight spreads and low commissions. With leverage up to 1:500 and no restrictions on hedging or scalping, EagleFX is an attractive option for short-term traders.

Customer Reviews
1
5
Comment by Reviewer
"Serious day traders will appreciate the tight spreads and competitive fees available on Infinox's ECN account." "EagleFX will serve experienced day traders looking for raw ECN spreads, high leverage and fast withdrawals. Beginners can also take advantage of the low $10 minimum deposit and round-the-clock support. However, the lack of regulation is a major drawback."
Pros
  • The advanced IX Exchange will serve active day traders with sophsticated analysis tools
  • A well-rounded broker with a choice of pricing models, platforms, apps and accounts
  • The copy trading service and zero minimum deposit make Infinox suitable for beginners
  • FCA is a tier-one regulator boosting the broker's trust and security score
  • Multiple account currencies serving global traders
  • No inactivity fee to deter casual traders
  • Low starting deposit of just £1
  • The $6 round-turn commissions are competitive (other commission structures we review come in at around $7 per round-turn)
  • The broker offers free and unlimited demo accounts in MT4, plus no inactivity fees - ideal for beginners seeking flexibility
  • The broker offers Bitcoin deposits, as well as fast-tracked withdrawals, which will serve more active traders
  • EagleFX continues to offer 24/7 customer support to clients via live chat, email or telephone
  • High forex leverage is available for experienced investors, up to 1:500
Cons
  • Market research is less insightful and frequent than competitors
  • No weekend customer support
  • There are very limited educational resources, market research and popular additional tools like copy trading - common features found at many alternatives
  • The range of 100+ instruments is very limited compared to the hundreds offered by most other competitors
  • The broker is based offshore and is unregulated, meaning traders will receive little to no safeguards
Awards
  • Best Forex Broker For Long Term Trading 2022
  • Best Forex Copy Trading Platform Africa 2021
  • Best Trading Account Margin Rates 2020
  • FX Broker With Best Withdrawal Options 2020
  • Best ECN/STP Broker 2020
  • Best Forex Broker 2020
Instruments
Forex, CFDs, Indices, Shares, Commodities, Futures Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies
Demo Account
Yes Yes
Minimum Deposit
£1 $10
Trading Platforms
  • MT4
  • MT5
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, SCB, FSCA
Margin Trading
Yes Yes
STP Account
Yes Yes
ECN Account
Yes Yes
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
With IX Social (Infinox social trading), you can automatically replicate the trades of the best investors. On the negative side, the usability and choice of master traders lags behind competitors like eToro.
Social Trading
Yes No
Trade Signals
MQL4 & MQL5 MT4
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • USD
  • EUR
  • GBP
Stock Exchanges
Commodities
CFD Trading
Trade CFDs on forex, stocks, commodities and indices with tight spreads and leverage limited to the FCA-sanctioned maximum of 1:30. Infinox traders benefit from lightning-fast execution speeds and a choice between STP and ECN pricing, making this a flexible option for beginner and serious traders. The broker offers a small range of 100+ CFD instruments spanning key markets, with high leverage up to 1:500. Pricing is reasonable, with round turn commissions coming in at $6 alongside tight spreads. Multiple short-term strategies are also permitted, including hedging and scalping.
Leverage
1:30 (UK), 1:200 (Global) 1:500
FTSE Spread
0.9 0.77
GBPUSD Spread
0.4 1.3
Oil Spread
0.06 0.09
Stocks Spread
0.02 USD Variable
Forex Trading
Trade 45 major, minor and exotic forex pairs. This is an average range, but the broker offers attractive and very competitive tight floating spreads from 0.3. Useful features including a news feed set the broker apart from many rivals and can help plan forex strategies. You can go long or short on over 50 forex pairs from majors to exotics, with competitive spreads as low as 0.1 pips. The broker offers the leading charting software, MetaTrader 4, which delivers a host of advanced features, including 9 timeframes and over 30 indicators.
GBPUSD Spread
0.4 1.3
EURUSD Spread
0.3 0.7
EURGBP Spread
0.3 1.4
Assets
45+ 55
Currency Indices
  • USD
Cryptocurrency
Crypto trading not offered A strong range of cryptocurrencies are available with 35+ tokens including popular assets like Bitcoin and Ethereum. You can also make convenient Bitcoin deposits within minutes, with no transfer fees.
Spread
Floating
Coins
  • BCH
  • BTC
  • DASH
  • EOS
  • BIT
  • ETP
  • LTC
  • BTC
  • OMG
  • ZEC
  • USDT
  • BCH
  • ETP
  • QTUM
  • XMR
  • DOT
  • ETC
  • IOS
  • NEO
  • SAN
  • ZRX
  • EDO
  • ETH
  • IOT
  • NEO
  • SAN
  • XRP
  • BTG
  • EDO
  • ETH
  • OMG
  • TRX
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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