ANSWER EagleFX is a non-regulated trading platform even though it states offers that look too good to be true.EagleFX claims to be owned and operated by EagleFX Ltd, based in the Commonwealth of Dominica, a well-known offshore zone that does not regulate forex activities. This broker does not provide further details about its regulatory status. Additionally, it should be noted that the Ontario Securities Commission (OSC) has issued a warning that EagleFX is not registered in Ontario to engage in the business of trading in securities. You can check the full warning from here.Regarding your question, EagleFX is an untrustworthy broker. Letting this broker hold or control your funds or trading with this broker is risky. There are no safeguards in place to protect investors' money on this trading platform. We would suggest investors stay away from dihonest brokers like EagleFX and trade with fully regulated brokers.
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