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EagleFX vs AAATrade

EagleFX or AAATrade – which is better for UK traders 2024? Compare EagleFX and AAATrade in this detailed breakdown of their platforms, features and fees.

EagleFX vs AAATrade Comparison Table 2024
EagleFX	AAATrade

4.1	3.5
EagleFX is ranked #31 among CFD brokers.	AAATrade is ranked #97 among CFD brokers.
Review	Review
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.	AAATrade is a forex and CFD broker established in 2013 and regulated by CySEC. The STP broker offers tens of thousands of Stocks, ETFs, CFDs, securities and cryptocurrency products on the proprietary and MetaTrader platforms. Traders can benefit from standard retail accounts as well as portfolio management and advisory services.
Pros
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	I was glad to see commission-free trading available in the Novice account, though seasoned traders can also benefit from low commissions from 0.125% in the Experienced account There's a good range of trading platforms, including the new AAATrader™ and MT5 mobile app. I particularly appreciated the broker's in-house crypto exchange platform I feel assured the AAATrade is regulated by tier-1 authority, the CySEC and is also a member of the Investor Compensation Fund (ICF) I like that there is no minimum deposit for both the Novice and Experienced Accounts, making the broker accessible for all traders I was very impressed to find a $100,000 demo account available with free access to webinars and forex education
Cons
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	I'm a little disappointed that fees charged on deposits, which puts the broker behind most competitors offering free deposits Crypto trading does not have the same protection or regulation as other markets, though this is industry standard
Awards
FX Broker With Best Withdrawal Options 2020 Best ECN/STP Broker 2020 Best Forex Broker 2020
FCA Regulated
No List of FCA Regulated Brokers	No List of FCA Regulated Brokers
Instruments
Forex, CFDs, Indices, Stocks, Commodities, Cryptocurrencies	CFDs, Forex, Stocks, Cryptos
Demo Account
Yes	Yes
Minimum Deposit
$10	$0
Payment Methods
Credit Cards Debit Card Mastercard Visa Wire Transfer	Credit Cards Debit Card emerchantpay FasaPay Maestro Neteller Skrill
Minimum Trade
0.01 Lots	$0
Regulator
	CySEC
Mobile Apps
iOS & Android	Yes (iOS & Android)
iOS App Rating
4.8
Android App Rating
4.4
Margin Trading
Yes	Yes
Margin Rate
	1:200
MetaTrader 4
Yes	No
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	No
STP Account
Yes	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	Yes
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
MT4	Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	No
Account Currencies
USD EUR GBP	USD EUR GBP
Commodities
Gold Silver Oil
CFD
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.	During my tests, I found thousands of leveraged CFD products across forex, indices, commodities, stocks and cryptocurrencies. Commissions are competitive and I particularly enjoyed using all the free CFD trading resources available in the demo account.
Leverage
1:500	1:200
FTSE Spread
0.77	0.5
GBPUSD Spread<
1.3	0.00002
Oil Spread
0.09	0.10
Stocks Spread
Variable	Floating
Forex
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.	AAATrade offers 80+ forex pairs, including majors and minors, which is a competitive range and more than most brokers I have reviewed. I was also able to take advantage of the broker's daily technical insights with chart analysis, as well as the live economic calendar.
Assets
55	10000+
GBPUSD Spread
1.3	0.00002
EURUSD Spread
0.7	0.00002
EURGBP Spread
1.4	0.00002
Cryptocurrency
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.	I was impressed with AAATrade's range of 50 cryptocurrencies, including Bitcoin and Ethereum, which is more than most brokers I review. I was particularly glad to see a good mix of crypto-crypto pairs, as well as some crypto-fiat pairs against USD and EUR.
Spread
Floating	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	BCH BTC EOS ETC ETH LTC USDT DOGE XLM XRP XTC ZEC ADA ATOM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	Yes

EagleFX	AAATrade
Review	Review
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