EagleFX (Eaglefx.com) is a cruel CFDs and Forex brokerage firm out to cause some serious damage. Eagle FX is requesting users to make as much deposits as they can before emptying their accounts. What this broker does is simply prey on unsuspecting online investors. After receiving numerous email complaints, we decided to do a thorough investigation. What we found out is shocking. By reading this EAGLEFX review truth is exposed.
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What stands out with this broker is how easy they have managed to con investors. Why is it easy to fall for their traps? What these scammers have done is really simple, create a captivating website. By ensuring users fall in love with the website call for action, these scammers trap hundreds of investors. And this is why we have to expose some of the well hidden scam tactics well placed. What Eagle FX is doing to the trading community is unsettling to say the least. Eagle FX must be exposed.
Claims and promises have been known to entice newbie traders to sign up with a platform. Before trusting any online investment platform, ask yourself some few questions. Is this broker really worth your effort and time? How often does this broker allow withdrawals? Are funds safe with EagleFX? These are some of the hard questions investors should ask before committing to a broker. Thanks to our years of experience, we know how to spot a scam from a mile away. Without further due, let’s delve into some of the hidden scam tactics.
EagleFX is claiming to be based in the Dominica Republic, or at least, registered there. Disclaimer at the footer of the homepage clearly states this. EagleFX Ltd is the company which professes to hold sole ownership of this platform. Are these claims true? If they are indeed true, it means we are dealing with an offshore broker. Time and time again, offshore brokers have proven to be untrustworthy. Offshore brokers will shut down a platform without issuing back deposits.
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Another perturbing issue we found with this broker is anonymity. Why has EagleFX failed to mention the actual names of people running this website? Who are the founding members of Eagle FX? They don’t want to attract any attention from authorities. It means users are depositing funds to an unknown third party. Stay clear from brokers who share such similar characteristics.
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How can a broker who is anonymous be licensed? EagleFX is not licensed or registered by any regulatory body. Their website clearly demonstrates this as there’s no posting of any licensing details. Why have they failed to inform traders regarding their trading license? Don’t you think this is weird? A legit broker will always reveal such vital information to users. Licensing information helps show transparency and trust between the involved parties. Where are their credentials?
If EagleFX is a true broker, posting copies of their licensing details wouldn’t be a problem. Why this broker has failed to do so is beyond our comprehension. In fact, it’s a requirement for brokers to post their licensing details. Lack of these vital documents is proof we are dealing with a false broker. Legal page on their website fails to reveal any licensing claims or details. EagleFX is conducting Forex trading services without a valid license. Stay away from unlicensed brokers!
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Funding accounts with Eagle FX is easy and fast, as is expected. These scammers want depositing funds to be easy and quick. They want to get a hold of your funds as quickly as possible without any interruptions. What they have done is make available a wide array of depository channels. Users can deposit funds using Bitcoin, MasterCard, Visa, and Wire transfer.
A major pain in the neck becomes withdrawing funds with EagleFX. No member has been able to withdraw funds with this platform. What happens is a long battle between members and the brokers. Eventually, members give up as Eagle FX blocks their accounts. It all begins with a message members have not reached the required trading volume to warrant withdrawal. These are merely excuses to shut down this broker.
Have you ever heard of a rigged demo account? Eagle FX is using a rigged demo account to trap victims. How is it possible to trap investors with a demo account? What this broker does is create a demo account which makes insane profit margins. With their demo account, users make over 97% successful trades. Remember demo accounts use virtual money which is not real.
Opening a real account with Eagle FX means you have already fell for their trap. Most investors opened a real account hoping to mirror the same results portrayed in demo accounts. What EagleFX is doing is committing fraud right in front of us. Exposing this broker should be our main concern and ensuring no other investor falls. Such brokers are tarnishing the good Forex trading name which must be kept clean. Eagle FX is a rogue broker out to fill their pockets with your funds.
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When it comes to how well funds are secured, Eagle FX leaves a big question. How can funds be secured by an offshore broker? Is it possible to trust funds with an anonymous broker? Another underlying factor which must be considered is how they handle money. Their website is not SSL encrypted which means we are dealing with a soft target. Hackers can easily get a hold of this platform and steal personal data.
It’s highly likely members are depositing funds straight to owner’s personal bank account. Segregation of accounts is not being followed which is by itself breaking set rules. EagleFX is merging assets in one account which is risky to say the least. Funds are not insured by this broker which is against the law. Eagle FX does not take part in any compensatory scheme.
Without a shadow of doubt, Eagle FX is a scam which must be exposed by all relevant parties. From lack of proper licensing to being anonymous, this is another rogue broker. Stay clear of this platform.
By adding this broker to our scam blacklist, we will be protecting our readers from such brokers. Mark all their emails as Spam and ignore all pleas to sign up with any affiliate programs.
Wishing you all the best!
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